Earnings summaries and quarterly performance for Hudson Pacific Properties.
Executive leadership at Hudson Pacific Properties.
Victor Coleman
Detailed
Chief Executive Officer
CEO
Andy Wattula
Detailed
Chief Operating Officer
Arthur Suazo
Detailed
Executive Vice President, Leasing
Christopher Barton
Detailed
Executive Vice President, Development and Capital Investments
Dale Shimoda
Detailed
Executive Vice President, Finance
Drew Gordon
Detailed
Chief Investment Officer
Harout Diramerian
Detailed
Chief Financial Officer
Kay Tidwell
Detailed
Executive Vice President, General Counsel, Chief Risk Officer and Secretary
Mark Lammas
Detailed
President and Treasurer
Steve Jaffe
Detailed
Executive Vice President, Business Affairs
Board of directors at Hudson Pacific Properties.
Research analysts who have asked questions during Hudson Pacific Properties earnings calls.
John Kim
BMO Capital Markets
4 questions for HPP
Also covers: AIV, ALX, ARDX +32 more
Blaine Heck
Wells Fargo Securities
3 questions for HPP
Also covers: BXP, CDP, COLD +13 more
Caitlin Burrows
Goldman Sachs
3 questions for HPP
Also covers: ALX, BNL, BRX +19 more
Dylan Burzinski
Green Street Advisors, LLC
3 questions for HPP
Also covers: AAT, ALX, ARE +11 more
Ronald Kamdem
Morgan Stanley
3 questions for HPP
Also covers: AAT, ADC, AHR +36 more
Alexander Goldfarb
Piper Sandler
2 questions for HPP
Also covers: ALEX, ALX, AVB +25 more
Connor Mitchell
Piper Sandler & Co.
2 questions for HPP
Also covers: BRX, CHCT, CPT +8 more
Michael Griffin
Citigroup Inc.
2 questions for HPP
Also covers: AHR, ALX, ARE +32 more
Peter Abramowitz
Jefferies
2 questions for HPP
Also covers: AHH, ARE, BXP +14 more
Richard Anderson
Wedbush Securities
2 questions for HPP
Also covers: AIV, ARE, AVB +25 more
William Catherwood
BTIG
2 questions for HPP
Also covers: ARE, ARI, BRSP +14 more
Seth Bergey
Citi
1 question for HPP
Also covers: AHR, BDN, CBRE +15 more
Thomas Catherwood
BTIG
1 question for HPP
Also covers: ACRE, ARE, BXMT +6 more
Tom Catherwood
BTIG
1 question for HPP
Also covers: BXMT, FBRT, KREF +2 more
Vikram Malhotra
Mizuho Financial Group, Inc.
1 question for HPP
Also covers: ALX, ARE, BXP +17 more
Young Ku
Wells Fargo
1 question for HPP
Also covers: HIW, KRC, MMI
Recent press releases and 8-K filings for HPP.
Hudson Pacific Sells Element LA Campus and Repays Debt
HPP
M&A
New Projects/Investments
- Hudson Pacific Properties sold its Element LA office campus for $150 million and received an additional $81 million lease termination payment, totaling $231 million in proceeds from buyer Riot Games.
- The company primarily used these funds to repay $206 million of commercial mortgage-backed securities debt associated with the property.
- CEO Victor Coleman stated this sale is a strategic capital recycling move to strengthen Hudson Pacific's balance sheet and liquidity, enabling reinvestment in growth markets such as the Bay Area and Seattle.
Dec 5, 2025, 4:43 AM
Hudson Pacific Properties Implements Reverse Stock Split and Adjusts Authorized Shares
HPP
Accounting Changes
Delisting/Listing Issues
- Hudson Pacific Properties, Inc. (HPP) completed a one-for-seven reverse stock split of its common stock, effective December 1, 2025, which reduced the number of outstanding common shares from approximately 379,521,855 to 54,217,407 (before fractional share payouts).
- Concurrently, the company decreased its total authorized shares from 740,800,000 to 121,600,000, with authorized common stock specifically reduced from 722,400,000 to 103,200,000.
- The par value of common stock was adjusted from $0.01 to $0.07 per share due to the split, and then immediately decreased back to $0.01 per share.
- HPP's common stock is expected to begin trading on a split-adjusted basis on the NYSE at market open on December 2, 2025.
- A correlative one-for-seven reverse unit split was also applied to Common Units, LTIP Units, and Performance Units in the partnership agreement, effective December 1, 2025.
Dec 1, 2025, 10:05 PM
Hudson Pacific Reports Q3 2025 Financial Results and Operational Progress
HPP
Earnings
Guidance Update
Revenue Acceleration/Inflection
- For Q3 2025, Hudson Pacific (HPP) reported total revenues of $186.6 million, compared to $200.4 million in the prior year, and FFO excluding specified items of $16.7 million, or $0.04 per diluted share, compared to $14.3 million, or $0.10 per diluted share, in the prior year. G&A expenses saw a 30% reduction to $13.7 million.
- The in-service office portfolio ended Q3 2025 75.9% occupied, an 80 basis point sequential increase, and 76.5% leased, up 30 basis points sequentially. The company executed 75 office leases totaling 515,000 sq ft, with 67% being new deals. GAAP rents were 6.3% lower and cash rents were 10% lower compared to prior levels.
- The company anticipates Q4 2025 FFO of $0.01-$0.05 per diluted share. Hudson Pacific maintains a strong liquidity position of $1 billion, with 100% of its debt fixed or capped, and no maturities until Q3 2026. Management expects to see positive net absorption and an increase in same-store NOI going forward.
Nov 5, 2025, 5:00 PM
Hudson Pacific Properties Reports Q3 2025 Results with $186.6 Million in Revenue and $0.30 Net Loss Per Share
HPP
Earnings
New Projects/Investments
Demand Weakening
- Hudson Pacific Properties reported total revenues of $186.6 million for Q3 2025, a decrease from $200.4 million in Q3 2024, primarily due to asset sales and lower office occupancy. The company posted a net loss attributable to common stockholders of $136.5 million, or $0.30 per diluted share, compared to a net loss of $97.9 million, or $0.69 per diluted share, in Q3 2024, with per-share metrics reflecting a significant increase in weighted average diluted shares outstanding.
- The company executed 515,450 square feet of office leasing in Q3 2025, with the in-service office portfolio ending the quarter at 75.9% occupied and 76.5% leased, showing sequential improvement from Q2 2025. However, GAAP and cash rents on new leases signed were 6.3% and 10.0% lower, respectively, compared to prior levels.
- Hudson Pacific strengthened its balance sheet, achieving $1 billion of liquidity and ensuring 100% of its debt is fixed or capped, with no maturities until the second half of 2026. Total unsecured and secured debt stood at $3,576,600 thousand as of September 30, 2025.
- FFO (excluding specified items) was $0.04 per diluted share and AFFO was $0.03 per diluted share for Q3 2025. Same-store cash NOI decreased by (10.7)% for Q3 2025 compared to Q3 2024.
Nov 5, 2025, 5:00 PM
Hudson Pacific Properties Announces Q3 2025 Financial Results
HPP
Earnings
Guidance Update
Debt Issuance
- Hudson Pacific Properties reported total revenue of $186.6 million for Q3 2025, a decrease from $200.4 million in Q3 2024, and a net loss attributable to common stockholders of $136.5 million, or $0.30 per diluted share.
- For Q3 2025, FFO per diluted share was $0.03, and FFO excluding specified items per diluted share was $0.04. AFFO per diluted share was $0.03.
- The company ended Q3 2025 with $1.0 billion of liquidity, including $190.4 million in unrestricted cash and cash equivalents and $795.3 million in undrawn revolving credit facility capacity, with no debt maturities until the second half of 2026.
- HPP leased 515,450 square feet in Q3 2025, contributing to 1.7 million square feet leased year-to-date, and achieved positive office absorption, with the in-service office portfolio ending the quarter 75.9% occupied and 76.5% leased.
Nov 5, 2025, 2:00 PM
Hudson Pacific Properties Reports Third Quarter 2025 Financial Results
HPP
Earnings
Guidance Update
New Projects/Investments
- Hudson Pacific Properties reported total revenue of $186.6 million and a net loss of $136.5 million, or $0.30 per diluted share, for the third quarter of 2025.
- The company's Funds From Operations (FFO) was $14.6 million, or $0.03 per diluted share, for Q3 2025, and it achieved a 30% improvement in general and administrative expenses compared to the prior year.
- Operationally, Hudson Pacific leased 515,450 square feet in Q3 2025, including a 106,000-square-foot lease with an AI company, and reported positive office absorption for the quarter, with the in-service office portfolio 76.5% leased.
- The company ended Q3 2025 with $1.0 billion of liquidity, and 100% of its debt is fixed or capped with no maturities until the second half of 2026.
- Hudson Pacific provided a fourth-quarter 2025 FFO outlook of $0.01 to $0.05 per diluted share.
Nov 5, 2025, 2:00 PM
Hudson Pacific Properties Amends and Extends Credit Facility
HPP
Debt Issuance
- Hudson Pacific Properties, Inc. (HPP) amended and extended its unsecured revolving credit facility on September 10, 2025.
- The amendment initially increases permitted borrowings to $795 million through year-end 2026, and provides access to $462 million of permitted borrowings maturing year-end 2029 (including extension options).
- Key covenant modifications include an increase in the minimum ratio of adjusted EBITDA to fixed charges from 1.4x to 1.5x, a temporary reduction in the minimum ratio of unencumbered net operating income to unsecured interest expense from 2.00 to 1.75 until year-end 2026, and the addition of a $125 million minimum liquidity covenant.
Sep 16, 2025, 9:00 PM
Quarterly earnings call transcripts for Hudson Pacific Properties.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more