COMPONENTS OF RENTAL INCOME AND EXPENSE

3 Months Ended

Mar. 31, 2019

Operating Leases, Income Statement, Lease Revenue [Abstract]

COMPONENTS OF RENTAL INCOME AND EXPENSE

COMPONENTS OF RENTAL INCOME AND EXPENSE

The principal components of rental income are as follows (in thousands): 

	Three Months Ended March 31,
	2019		2018
Lease rental income
Retail	$	24,449	$	19,654
Office	26,148		23,306
Multifamily	11,996		11,486
Mixed-use	3,877		2,825
Cost reimbursement	—		8,342
Percentage rent	266		436
Hotel revenue	9,642		9,783
Other	453		369
Total rental income	$	76,831	$	76,201

Lease rental income include $0.2 million and $(0.8) million for the three months ended March 31, 2019 and 2018, respectively, to recognize lease rental income on a straight-line basis. In addition, net amortization of above and below market leases included in lease rental income were $0.9 million and $0.7 million for the three months ended March 31, 2019 and 2018, respectively.

The principal components of rental expenses are as follows (in thousands): 

	Three Months Ended March 31,
	2019		2018
Rental operating	$	8,551	$	8,660
Hotel operating	5,973		6,032
Repairs and maintenance	3,459		3,001
Marketing	546		412
Rent	841		794
Hawaii excise tax	944		1,033
Management fees	482		488
Total rental expenses	$	20,796	$	20,420