Hudson Pacific Properties

Hudson Pacific Properties, Inc. is a real estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Studio Properties. The Office Properties segment manages office properties located in California and Pacific Northwest. The Studio Properties segment is primarily used for the physical production of media content, such as television programs, feature films, commercials, music videos and photographs. Hudson Pacific Properties was founded by Victor J. Coleman in 2006 and is headquartered in Los Angeles, CA.

Earnings data Q3 2023

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Hudson Pacific Properties, Inc. is a real estate company, which acquires, repositions, develops, and operates sustainable office and state of-the-art studio properties in high-barrier-to-entry submarkets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom. It operates through the Office Properties and Studio Properties segments. The Office Properties segment manages office properties located in California and the Pacific Northwest. The Studio Properties segment is primarily used for the physical production of media content, such as television programs, feature films, commercials, music videos and photographs. The company was founded by Victor J. Coleman in 2006 and is headquartered in Los Angeles, CA.

AMC Entertainment

Carvana

National Beverage

Lucid Group

Planet Fitness

Plug Power

While it's unclear whether the market is on the precipice of another sell-off, now may be the time to clear out any strong sell stocks from your portfolio. Even as it may seem like investors have absorbed the impact of high inflation, high interest rates, and the possibility of a 2024 recession, that may not necessarily be the case.

7 Strong Sell Stocks Ready to Take a Deep Dive

Agree Realty

Alexandria Real Estate Equities

Brixmor Property Group

City Office REIT

Equity LifeStyle Properties

Franklin Street Properties Corp.

Invesco KBW Premium Yield Equity REIT ETF

Mid-America Apartment Communities

Medical Properties Trust

National Retail Properties

Realty Income Corp

Prologis

Rexford Industrial Realty

Sun Communities

Terreno Realty

Vanguard Real Estate ETF

Wheeler Real Estate Investment Trust

W. P. Carey

Many high-quality equity REITs are trading at substantial discounts on price-to-NAV ratios. REITs with good management teams should be able to gain a premium to NAV, but very few are achieving this currently. The amount of new apartment construction poses a risk, but some REITs are trading at unusually cheap price-to-NAV ratios.

6 Stellar REITs At Big Discounts To NAV

AvalonBay Communities

Brookfield Asset Management

Brookfield Corp

Blackstone Group

Boston Properties

Camden Property

Cousins Properties

Douglas Emmett

Equity Residential

Independence Realty Trust

Kilroy Realty

NexPoint Residential Trust

SL Green Realty

SPDR S&P 500 ETF Trust

Vornado Realty Trust

Commercial real estate market is just beginning to experience the pain of the correction, according to billionaire investor Jeff Greene. Office buildings are expected to be the hardest hit, with declining leasing volume and potential defaults on loans. Retail, industrial, and residential real estate are expected to fare better, with little risk of oversupply and high occupancy rates.

Billionaire Commercial Real Estate Investor Says 'The Worst Is Yet To Come'

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company”), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Board of Directors suspended the Company's quarterly dividend on its common stock, commencing with the third quarter dividend that would have been paid in September 2023. Chairman and Chief Executive Officer Victor Coleman said, “As we manage through current market conditions, including addressing th.

Hudson Pacific Properties Suspends Common Stock Dividend and Declares Preferred Stock Dividend

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, today announced that Chairman and CEO Victor Coleman and other members of the company's senior management will participate in a roundtable discussion at BofA Securities 2023 Global Real Estate Conference on Wednesday, September 13, 2022 at 11:05 a.m.

Hudson Pacific Properties to Participate in BofA Securities 2023 Global Real Estate Conference

American Homes 4 Rent

Industrial Logistics Properties

Some REITs are good, some are bad, and most face challenges from rising interest rates. Good REITs have traits that lead to solid long-term returns, such as consistent revenue growth and the ability to funnel that growth into AFFO per share. Specific REITs mentioned include Hudson Pacific Properties, Terreno Realty, American Homes 4 Rent, Mid-America Apartment Communities, and Industrial Logistics Properties Trust.

5 REITs: Mixing Good And Bad

Vornado Realty Trust VNO, +5.54%, Hudson Pacific Properties HPP, +5.19% and Blackstone Inc. BX, +1.22% said Tuesday they plan to spend $350 million to build a TV and film production studio on Manhattan's Pier 94 on the Hudson River at 52nd Street in a public-private partnership with New York City's economic development arm. The developers billed the project as Manhattan's first public-private partnership venture to build a purpose-built studio campus.

Vornado, Hudson Pacific and Blackstone to build $350M TV and film production studio on Manhattan's Pier 94

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--Today, Vornado Realty Trust (NYSE: VNO), Hudson Pacific Properties (NYSE: HPP), Blackstone (NYSE: BX), the City of New York, and New York City Economic Development Corporation (NYCEDC) announced they have entered into Manhattan's first public-private partnership venture to build a purpose-built studio campus at Pier 94. Vornado, who contributed its long-term leasehold for Pier 94 to the venture, will own 49.9%; Hudson Pacific will own 25.6%; and Blacksto.

Vornado Realty Trust, Hudson Pacific, Blackstone, and New York City Economic Development Corporation to Create Public-Private Partnership and First Purpose-Built Studio Campus in Manhattan at Pier 94

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today that it has divested through separate transactions two Los Angeles office properties, 604 Arizona and 3401 Exposition, for aggregate gross proceeds of $72.5 million before prorations and closing costs. Combined, the two transactions will result in approximately a $22 million gain to be recognized in the third quarter. The co.

Hudson Pacific Raises $72 Million with Sale of Two Los Angeles Office Properties

Hudson recently cut the quarterly dividend to common shareholders by 50%, creating a current yield of 8.4%. The new dividend is 192% covered by fiscal 2023 second quarter funds from operations. An end to the tech job recession and renewed economic growth in the San Francisco Bay Area should help lift office demand going into 2024.

Hudson Pacific Properties: Safe 8.4% Yield, The Bearish Thesis Is Tired

Arbor Realty Trust

Easterly Government Properties

Global Net Lease

Paramount Group

With hopes for lower interest rates and normalizing economic conditions, real estate investment trusts (REITs) have been moving higher. However, as macro uncertainties mount, there are now plenty of REITs to avoid in August.

7 REITs to Sell in August Before They Crash and Burn

Hudson Pacific Properties, Inc. (NYSE:HPP ) Q2 2023 Earnings Conference Call August 2, 2023 12:00 PM ET Company Participants Laura Campbell - EVP, IR & Marketing Victor Coleman - CEO and Chairman Mark Lammas - President Harout Diramerian - CFO Jeff Stotland - EVP, Global Studios Art Suazo - EVP, Leasing Conference Call Participants Alexander Goldfarb - Piper Sandler Blaine Heck - Wells Fargo Nick Yulico - Scotiabank Michael Griffin - Citi John Kim - BMO Capital Markets Julien Blouin - Goldman Sachs Camille Bonnel - Bank of America Merrill Lynch Dylan Burzinski - Green Street Ronald Kamdem - Morgan Stanley Operator Good morning, and welcome to the Hudson Pacific Properties Second Quarter 2020 Conference Call. All participants will be in listen-only mode.

Hudson Pacific Properties, Inc. (HPP) Q2 2023 Earnings Call Transcript

Orion Office REIT

Real estate investing isn't only for millionaires — retail investors can get a shot at investing in major commercial real estate endeavors by investing in REITs. Specialty REITs help investors refine their investment preferences by capitalizing on tenant returns tied to specific industries.

5 Best Office REITs to Buy Now

While the top- and bottom-line numbers for Hudson Pacific (HPP) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hudson Pacific (HPP) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Hudson Pacific Properties (HPP) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.51 per share a year ago.

Hudson Pacific Properties (HPP) Beats Q2 FFO and Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company," "Hudson Pacific," or "HPP"), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, today announced financial results for the second quarter 2023. "We continued to focus on the controllable aspects of our business during the quarter, which included leasing and expense management, given th.

Hudson Pacific Properties Reports Second Quarter 2023 Financial Results

BankUnited

Bank of Hawaii

Customers Bancorp

ServisFirst Bancshares

Sleep Number

Tandem Diabetes Care

Trupanion

Trinseo PLC

Vicor

Zions Bancorp

Still think the S&P 500's so-called Magnificent Seven are the only stocks worth owning? You're missing out on a below-the-radar rally.

11 Little-Known Stocks Blow Away The 'Magnificent Seven'

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, will release second quarter financial results after the market closes on Tuesday, August 1, 2023 as previously announced. The company will now hold a conference call and webcast on Wednesday, August 2, 2023 to discuss the results at 9:00 a.m. PT / 1.

Hudson Pacific Properties Updates Second Quarter Earnings Conference Call Time

Arlington Asset Investment

AGNC Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Ashford Hospitality Trust

Great Ajax

Great Ajax Corp. 7.25 % Convertible Notes 2017-30.04.24 Global

Crown Castle International

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

First Industrial Realty Trust

Gladstone Commercial

Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

Getty Realty

Jones Lang LaSalle

Medalist Diversified REIT Inc

U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

Stick The Soft Landing

Hudson Pacific (HPP) was a big mover last session on higher-than-average trading volume. The latest trend in funds from operations estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Hudson Pacific (HPP): Can Its 14.1% Jump Turn into More Strength?

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, today announced it will release second quarter financial results after the market closes on Tuesday, August 1, 2023. The company will hold a conference call to discuss the results at 11:00 a.m. PT / 2:00 p.m. ET on Wednesday, August 2, 2023. To part.

Hudson Pacific Properties Announces Dates for Second Quarter Earnings Release and Conference Call

Hudson Pacific Properties (HPP) is a risky investment due to the negative impact of remote work on the office building market and the unfavorable political climate in California. The latest dividend was cut 50% to save cash. The strike by the Writers Guild of America continues to have a negative impact, and it is uncertain when the strike will end.

Office REIT Hudson Pacific Properties Is A Working From Home Casualty

In early June, I read an article about Shark Tank star Barbara Corcoran's thoughts about the current state of affairs for office space. “No one really believes it's going to turn the corner,” Fortune reported Corcoran's comments.

3 Office REITs to Sell Before the Commercial Property Crash

Shares of Hudson Pacific Properties Inc. HPP, -0.19% fell 0.1% in morning trading Friday, after the real estate investment trust (REIT) focused on “dynamic tech and media” cut its quarterly dividend in half to boost liquidity. Shareholders of record on June 20 will be paid the new dividend of 12.5 cents a share, down from 25 cents a share, on June 30.

Hudson Pacific Properties REIT cuts dividend in half to drop implied yield below 10%

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, today announced its Board of Directors has declared a dividend for the second quarter of 2023 on its common stock of $0.125 per share, equivalent to an annual rate of $0.50 per share, which compares to the Company's previous quarterly dividend on it.

Hudson Pacific Properties Declares Second Quarter 2023 Dividends

News for Hudson Pacific Properties Stock (HPP)