v3.25.4
COMPONENTS OF RENTAL INCOME AND EXPENSE (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Principal Components of Rental Income
The principal components of rental income are as follows (in thousands): 
    
 Year Ended December 31,
 202520242023
Minimum rents
Office$196,056 $197,256 $200,870 
Retail92,220 102,848 99,504 
Multifamily64,635 61,112 57,643 
Mixed-Use13,194 12,359 12,194 
Percentage rent1,876 4,353 3,625 
Hotel revenue39,914 43,030 42,881 
Other2,598 2,652 2,656 
Total rental income$410,493 $423,611 $419,373 
Summary of Principal Components of Rental Expenses
The principal components of rental expenses are as follows (in thousands):
 
 Year Ended December 31,
 202520242023
Rental operating$58,301 $56,810 $53,028 
Hotel operating29,440 29,903 29,380 
Repairs and maintenance24,145 23,214 22,639 
Marketing2,552 3,054 3,485 
Rent3,480 3,585 3,536 
Hawaii excise tax4,337 4,516 4,387 
Management fees2,346 2,421 2,346 
Total rental expenses$124,601 $123,503 $118,801