Earnings summaries and quarterly performance for Hudson Pacific Properties.
Executive leadership at Hudson Pacific Properties.
Victor Coleman
Detailed
Chief Executive Officer
CEO
AW
Andy Wattula
Detailed
Chief Operating Officer
AS
Arthur Suazo
Detailed
Executive Vice President, Leasing
CB
Christopher Barton
Detailed
Executive Vice President, Development and Capital Investments
DS
Dale Shimoda
Detailed
Executive Vice President, Finance
DG
Drew Gordon
Detailed
Chief Investment Officer
HD
Harout Diramerian
Detailed
Chief Financial Officer
KT
Kay Tidwell
Detailed
Executive Vice President, General Counsel, Chief Risk Officer and Secretary
ML
Mark Lammas
Detailed
President and Treasurer
SJ
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.
Blaine Heck
Wells Fargo Securities
5 questions for HPP
Also covers: BXP, CDP, COLD +14 more
CB
Caitlin Burrows
Goldman Sachs
5 questions for HPP
Also covers: ALX, BNL, BRX +19 more
RK
Ronald Kamdem
Morgan Stanley
5 questions for HPP
Also covers: AAT, ADC, AHR +37 more
Alexander Goldfarb
Piper Sandler
4 questions for HPP
Also covers: ALEX, ALX, AVB +25 more
Dylan Burzinski
Green Street Advisors, LLC
4 questions for HPP
Also covers: AAT, ALX, ARE +11 more
John Kim
BMO Capital Markets
4 questions for HPP
Also covers: AIV, ALX, ARDX +34 more
Seth Bergey
Citi
3 questions for HPP
Also covers: AHR, BDN, BXP +16 more
Tom Catherwood
BTIG
3 questions for HPP
Also covers: BXMT, FBRT, KREF +2 more
VM
Vikram Malhotra
Mizuho Financial Group, Inc.
3 questions for HPP
Also covers: ALX, ARE, BXP +19 more
CM
Connor Mitchell
Piper Sandler & Co.
2 questions for HPP
Also covers: BRX, CHCT, CPT +8 more
JG
Jana Galan
Bank of America
2 questions for HPP
Also covers: ADC, AHH, AVB +24 more
Michael Griffin
Citigroup Inc.
2 questions for HPP
Also covers: AHR, ALX, ARE +35 more
PA
Peter Abramowitz
Jefferies
2 questions for HPP
Also covers: AHH, ARE, BXP +14 more
Rich Anderson
Cantor Fitzgerald
2 questions for HPP
Also covers: ARE, CDP, CPT +11 more
RA
Richard Anderson
Wedbush Securities
2 questions for HPP
Also covers: AIV, ARE, AVB +25 more
WC
William Catherwood
BTIG
2 questions for HPP
Also covers: ARE, ARI, BRSP +14 more
DB
Dylan Burzynski
Green Street
1 question for HPP
Thomas Catherwood
BTIG
1 question for HPP
Also covers: ACRE, ARE, BXMT +6 more
YK
Young Ku
Wells Fargo
1 question for HPP
Also covers: HIW, KRC, MMI
Recent press releases and 8-K filings for HPP.
Hudson Pacific Properties Reports Q4 2025 Results and Reinstates 2026 FFO Guidance
HPP
Earnings
Guidance Update
New Projects/Investments
- Hudson Pacific Properties (HPP) reported Q4 2025 total revenues of $256 million and FFO, excluding specified items, of $0.21 per diluted share.
- In 2025, the company significantly transformed its capital structure, executing nearly $330 million of strategic asset sales and $2 billion of proactive capital transactions, which reduced net debt by 22% and nearly doubled liquidity to $934 million.
- HPP reinstated its full-year 2026 FFO guidance at $0.96-$1.06 per diluted share, anticipating slightly lower FFO in Q1 2026 followed by steady sequential growth, and projects annual average in-service office occupancy of 80%-82%.
- The company achieved its strongest leasing performance since 2019, signing more than 2.2 million sq ft of office leases in 2025, and reported a Q4 2025 office portfolio occupancy of 76.3%, up 40 basis points sequentially.
- For 2026, HPP is targeting $200 million-$300 million of additional asset sales and aims to eliminate Quixote's earnings drag by year-end.
2 days ago
Hudson Pacific Properties Reports Q4 2025 Results and Reinstates 2026 FFO Guidance
HPP
Earnings
Guidance Update
Debt Issuance
- Hudson Pacific Properties reported Q4 2025 total revenues of $256 million and FFO, excluding specified items, of $0.21 per diluted share. In 2025, the company executed nearly $330 million of strategic asset sales and completed over $2 billion of proactive capital transactions, which nearly doubled its liquidity to $934 million.
- For 2026, the company reinstated full-year FFO guidance of $0.96-$1.06 per diluted share and introduced annual average in-service office occupancy guidance of 80%-82%. FFO is anticipated to be slightly lower in Q1 2026, followed by steady sequential growth throughout the year.
- Hudson Pacific Properties achieved its strongest leasing performance since 2019, signing over 2.2 million sq ft of office leases in 2025, with Q4 2025 office occupancy reaching 76.3%. The leasing pipeline grew to 2.3 million sq ft, and fourth-quarter tours accelerated more than 50% year-over-year.
- Strategic priorities for 2026 include driving occupancy growth, eliminating Quixote's earnings drag by year-end, and targeting $200 million-$300 million of additional asset sales.
2 days ago
Hudson Pacific Properties Reports Q4 2025 Results and Reinstates 2026 FFO Guidance
HPP
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Hudson Pacific Properties reported Q4 2025 total revenues of $256 million and FFO, excluding specified items, of $0.21 per diluted share. The company significantly strengthened its capital structure in 2025, reducing net debt by 22% and increasing total liquidity to $934 million.
- For 2026, the company reinstated full-year FFO guidance at $0.96-$1.06 per diluted share, anticipating an annual average in-service office occupancy of 80%-82% and full-year same-store property cash NOI growth of -1.75% to -0.75%.
- Operational highlights for 2025 included signing over 2.2 million sq ft of office leases and growing the office leasing pipeline to 2.3 million sq ft, driven by strengthening market fundamentals and a "flight to quality" in key West Coast markets.
- Strategic priorities for 2026 include targeting $200 million-$300 million of additional asset sales and eliminating Quixote's earnings drag by year-end.
2 days ago
Hudson Pacific Properties Reports Q4 2025 Results, Highlights Capital Structure Transformation and Leasing Performance
HPP
Earnings
Debt Issuance
Guidance Update
- Hudson Pacific Properties reported total revenues of $256.0 million for Q4 2025, an increase from $209.7 million in Q4 2024, largely driven by a lease termination fee associated with an asset sale.
- The company posted a net loss attributable to common stockholders of $277.9 million, or $4.31 per diluted share, in Q4 2025, primarily due to revenue items and a non-cash impairment of Quixote.
- For Q4 2025, FFO, excluding specified items, was $0.21 per diluted share, while FFO per diluted share was $(3.06) and AFFO per diluted share was $(0.14).
- In 2025, the company signed over 2.2 million square feet of office leases, with 518,196 square feet executed in Q4 2025, and ended the year with an in-service office % leased of 77.0%.
- Hudson Pacific significantly transformed its capital structure in 2025, executing nearly $330 million of strategic asset sales and completing over $2 billion of proactive capital transactions, which nearly doubled its liquidity and reduced HPP's share of debt, net/HPP's share of undepreciated book value to 31.9%.
2 days ago
Hudson Pacific Properties Reports Q4 2025 Financial Results and Provides 2026 FFO Outlook
HPP
Earnings
Guidance Update
New Projects/Investments
- Hudson Pacific Properties reported total revenue of $256.0 million for Q4 2025, alongside a net loss attributable to common stockholders of $277.9 million, or $(4.31) per diluted share.
- FFO, excluding specified items, was $0.21 per diluted share for Q4 2025, and the company provided a full-year 2026 FFO outlook of $0.96 to $1.06 per diluted share.
- The company achieved its strongest leasing performance since 2019, signing 2.2 million square feet of office leases in 2025, including 518,196 square feet in the fourth quarter.
- Strategic actions in 2025 included nearly $330 million of asset sales and over $2 billion of proactive capital transactions, contributing to $933.6 million of total liquidity as of December 31, 2025.
2 days ago
Hudson Pacific Properties Reports Fourth Quarter 2025 Financial Results
HPP
Earnings
Guidance Update
Debt Issuance
- Hudson Pacific Properties reported total revenue of $256.0 million for Q4 2025, with a net loss attributable to common stockholders of $277.9 million, or $4.31 per diluted share. FFO, excluding specified items, was $13.6 million, or $0.21 per diluted share.
- The company executed 79 new and renewal leases totaling 518,196 square feet in Q4 2025, with the in-service office portfolio ending the quarter 76.3% occupied and 77.0% leased.
- In 2025, Hudson Pacific executed nearly $330 million of strategic asset sales, including the $150 million sale of Element LA and an $81 million lease termination payment, and completed over $2 billion of proactive capital transactions that extended its maturity runway and nearly doubled liquidity.
- Hudson Pacific is providing a full-year 2026 FFO outlook of $0.96 to $1.06 per diluted share.
2 days ago
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
Quarterly earnings call transcripts for Hudson Pacific Properties.
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