Schedule of principal components of rental income |
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 |
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Schedule of principal components of rental expenses |
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 |
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