4.	*Rental Revenues*

Armada Hoffler’s rental revenues for each of the three years ended December 31, 2013 comprised the following (in thousands):


	Years ended December 31,
	2013		2012		2011
Base rents	$	51,252	$	48,113	$	46,916
Percentage rents		330		333		397
Other		5,938		5,990		5,265

Rental revenues	$	57,520	$	54,436	$	52,578

Base rents include $1.1 million, $2.2 million and $2.4 million of straight-line revenue recognition for the years ended December 31, 2013, 2012 and 2011, respectively. Minimum rents also include $(0.8) million, $(0.8) million and $(0.7) million of lease incentive amortization for the years ended December 31, 2013, 2012 and 2011, respectively.

Percentage rents are based on tenants’ sales.

Other rental revenue includes cost reimbursements for real estate taxes, property insurance and common area maintenance as well as termination fees.