Components Of Rental Income

12 Months Ended

Dec. 31, 2016

Components Of Rental Income and Expense [Abstract]

COMPONENTS OF RENTAL INCOME AND EXPENSE

COMPONENTS OF RENTAL INCOME AND EXPENSE

The principal components of rental income are as follows:

	Year Ended December 31,
	2016		2015		2014
	(In thousands)
Minimum rents
Retail and commercial	$	549,552	$	509,825	$	472,602
Residential	49,465		42,797		36,099
Cost reimbursement	158,042		148,110		135,592
Percentage rent	10,977		11,911		10,169
Other	18,547		15,169		11,860
Total rental income	$	786,583	$	727,812	$	666,322

Minimum rents include the following:

	Year Ended December 31,
	2016		2015		2014
	(In millions)
Straight-line rents	$	8.1	$	7.6	$	5.1
Net amortization of above and below market leases	$	1.8	$	2.7	$	2.4

The principal components of rental expenses are as follows:

	Year Ended December 31,
	2016		2015		2014
	(In thousands)
Repairs and maintenance	$	64,942	$	62,420	$	55,444
Utilities	24,968		23,003		20,499
Management fees and costs	20,823		18,639		17,416
Payroll	13,832		12,673		11,554
Marketing	8,520		9,046		9,532
Insurance	7,758		7,875		6,462
Ground rent	2,561		2,540		1,952
Bad debt expense	2,375		1,168		2,021
Other operating	12,547		10,229		10,537
Total rental expenses	$	158,326	$	147,593	$	135,417