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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hudson Pacific Properties excels in leasing and sustainability, poised for growth

Hudson Pacific Properties delivered a strong performance in 2022, achieving key milestones in leasing, financial results, and sustainability initiatives. The company's strategic focus on tech-centric markets, tenant diversification, and shareholder returns positions it for future success. While facing challenges related to market dynamics and economic uncertainties, Hudson Pacific Properties remains resilient and proactive in driving growth.
Opportunities for further expansion and value creation exist through leveraging the company's operational strengths, robust leasing pipeline, and commitment to sustainability. By navigating challenges effectively, monitoring market trends, and optimizing asset management strategies, Hudson Pacific Properties can capitalize on emerging opportunities in the real estate sector. The company's performance underscores its potential for sustained growth and market leadership.

Hudson Pacific Properties adapts to challenges, eyes tech growth

Hudson Pacific Properties navigated challenges in Q1 2023, with a focus on de-leveraging and enhancing the balance sheet amidst macroeconomic uncertainties and a studio business slowdown.
Return-to-office announcements from tech giants and the company's presence in tech hubs position it well for future growth opportunities.
While facing challenges such as lease expirations and the impact of the writers' strike, Hudson Pacific Properties is actively addressing these issues to drive long-term success.
Efforts to optimize the leasing pipeline, maintain tenant relationships, and explore asset dispositions reflect a strategic approach to navigating current market conditions.

Hudson Pacific Properties addresses challenges, eyes tech-driven growth opportunities

Hudson Pacific Properties navigated challenges in Q2, focusing on enhancing cost structures, boosting NOI, and improving leasing economics. Despite headwinds, the company sees opportunities in tech-driven markets and potential growth in AI, aiming to strengthen financials through deleveraging and asset sales.

Hudson Pacific Properties excels in office leasing and studio business, eyes growth opportunities

Hudson Pacific Properties reported positive office leasing trends and strong tenant interest, with a focus on deleveraging and balance sheet fortification. The studio business development, financial results, and strategies for compliance with covenants were key highlights. Opportunities for growth in the studio business post-strikes and expansion in New York City were emphasized.
The company demonstrated strengths in office leasing, sustainability efforts, and financial performance, with a competitive advantage in the show-by-show model. Challenges included large tenant move-outs, potential strikes, and maintaining compliance with covenants. Opportunities lie in the studio business growth, market expansion, and operational efficiency strategies.
Analyst questions focused on specific assets, potential strikes, covenant stress testing, and studio business performance, with detailed responses provided. Hudson Pacific Properties positioned itself well for growth opportunities in various markets, emphasizing a disciplined approach to decision-making. The company anticipates full activity in the studio business post-strikes and sees potential for revenue growth.

Hudson Pacific Properties tackles challenges, eyes growth in 2024

Hudson Pacific Properties navigated a challenging 2023 with resilience, signing significant office leases, executing asset sales, and focusing on tech leasing rebound and studio segment growth for 2024.
Despite facing revenue and FFO decreases, the company improved its balance sheet, received ESG accolades, and remains committed to aggressive leasing and balance sheet fortification.
Opportunities lie in capitalizing on tech tenants' return to physical office space, ramping up studio production, and leveraging a strong leasing pipeline for future growth and operational improvement.
Challenges include ongoing impacts of union strikes, delays in studio business, and uncertainties in office occupancy recovery, requiring strategic adaptation to market trends and operational dynamics.

Hudson Pacific Properties reports mixed Q1 results amid leasing strength

Hudson Pacific Properties navigated mixed financial results in Q1 2024, with strong office leasing activity but challenges in the studio business and competitive rent structures.
The company's modern portfolio and sustainability efforts position it well for growth, while uncertainties around strikes and occupancy delays require strategic evaluation.
Exploration of asset sales, recapitalization, and studio business strategies present opportunities for optimizing performance and revenue diversification.
Overall, Hudson Pacific Properties faces a dynamic market landscape with both strengths to leverage and challenges to address in pursuit of sustained growth.

Hudson Pacific Properties (HPP) reports solid Q2 results amidst studio challenges

HPP's Q2 performance was solid, with a focus on leasing activity and balance sheet strength. Challenges in studios and concerns about potential recession impacts were discussed. The company is eyeing opportunities for growth and cost efficiencies.

Hudson Pacific Properties reports strong Q3 performance and strategic growth

Hudson Pacific Properties (HPP) showcases strong performance in leasing and financial metrics in Q3 2024, supported by positive office-related indicators and studio segment developments.
While facing challenges in optimizing lease percentages and managing debt levels, HPP's capital recycling efforts and robust leasing pipeline offer opportunities for growth and balance sheet strengthening.
Overall, HPP's Q3 earnings call highlights a solid operational performance, strategic initiatives for deleveraging, and promising opportunities in both office and studio segments.

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.

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced that the Company's Board of Directors has declared the initial dividend on its 4.750% Series C Cumulative Preferred Stock of $0.4453125 per share. The dividend will be paid on March 31, 2022 to stockholders of record on March 21, 2022. About Hudson Pacific Properties Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling

Hudson Pacific Properties Declares Series C Cumulative Preferred Stock Dividend

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced that the Company's Board of Directors has declared a quarterly dividend on its common stock of $0.25 per share for the first quarter of 2022. The dividend will be paid on March 31, 2022 to stockholders of record on March 21, 2022. About Hudson Pacific Properties Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling ove

Hudson Pacific Properties Declares First Quarter 2022 Dividend

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced that Victor Coleman, Chairman and Chief Executive Officer, and other members of the company's senior management will participate in a roundtable discussion at Citi's 2022 Global Property CEO Conference on Monday, March 7, 2022 at 4:15 p.m. ET. The following is a link to the live, listen-only webcast of the discussion on the company's website, where a replay will also be available one hour after the event c

Hudson Pacific Properties to Participate in Citi's 2022 Global Property CEO Conference

Hudson Pacific Properties, Inc. (HPP) CEO Victor Coleman on Q4 2021 Results - Earnings Call Transcript

Hudson Pacific (HPP) delivered FFO and revenue surprises of 6.12% and 7.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Hudson Pacific Properties (HPP) Q4 FFO and Revenues Surpass Estimates

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the "Company" or "Hudson Pacific") (NYSE: HPP) today announced financial results for the fourth quarter 2021. Management Comments & Industry Outlook Victor Coleman, Hudson Pacific Properties' Chairman and CEO, said: "We ended 2021 by reaching the high end of our outlook in another pandemic-challenged year as we benefited from our ongoing diversification of owning studio and office properties," stated Victor Coleman, Hudson Pacif

Hudson Pacific Properties Reports Fourth Quarter 2021 Financial Results

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced the tax treatment for its 2021 common stock dividends. The Company's dividends related to its common stock (CUSIP #444097109) will be classified for United States federal income tax purposes as follows:       Ordinary Dividends       Record Date   Payment Date   Distribution Per Share   Total   Non-Qualified1   Qualified   Capital Gain Distributions   Return of Capital 3

Hudson Pacific Properties Announces 2021 Dividend Tax Treatment

Why Show Business Real Estate Is an Attractive Investment

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced that it has purchased a leasehold interest in a 197,000-square-foot office building in Seattle for $119 million, or $602 per square foot (before closing costs and prorations). The property's office component, which comprises approximately 192,000 square feet, is fully leased to Amazon. The remaining term on the ground lease is 50 years. Known as 5th & Bell, the property is located in Seattle's Belltown

Hudson Pacific Properties Further Expands Seattle Portfolio with Office Acquisition

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced that the Company's Board of Directors has declared a quarterly dividend on its common stock of $0.25 per share for the fourth quarter of 2021. The dividend will be paid on December 30, 2021 to stockholders of record on December 20, 2021. About Hudson Pacific Properties Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties total

Hudson Pacific Properties Declares Fourth Quarter 2021 Dividend

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced a $1 million donation to support The Veterans Fund, a $10-million launch fund for the capital campaign to build the nation's largest veteran housing community at the West Los Angeles VA Campus. The pledge includes a $500,000 monetary donation and $500,000 in pro bono work from Hudson Pacific to support the housing development which will be built at the iconic West Los Angeles Veterans Administration in Los

Hudson Pacific Properties Donates $1 Million to Support Housing Development at the West Los Angeles VA Campus

Argo Blockchain PLC

Atlanticus Holdings

Brighthouse Financial

Eagle Point Credit

Enterprise Financial Services

Fossil Group

First Republic

Granite Point Mortgage Trust

New York Mortgage Trust

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Bank OZK

PhenixFIN

Public Storage

Tellurian

As November 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4% to 8.75%. Here is a comparison against highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric

New Preferred Stock IPOs, November 2021

Hudson Pacific Properties is guiding for a full-year FFO just below $2/share. The REIT recently completed a $400M preferred share issue, at a relatively low preferred dividend rate of 4.75%.

Hudson Pacific Properties: The New 4.75% Preferred Share Issue Has An Excellent Risk/Reward Ratio

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced the pricing of an underwritten public offering of 16,000,000 shares of 4.750% Series C Cumulative Redeemable Preferred Stock, at a price per share of $25.00, for gross proceeds of $400,000,000, before deducting the underwriting discount and estimated offering expenses. The Company has granted the underwriters of the offering a thirty day option to purchase up to 2,400,00

Hudson Pacific Properties Announces Pricing of Preferred Stock Offering

Hudson Pacific Properties, Inc. (HPP) CEO Victor Coleman on Q3 2021 Results - Earnings Call Transcript

Hudson Pacific (HPP) delivered FFO and revenue surprises of 6.38% and 4.63%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Hudson Pacific Properties (HPP) Beats Q3 FFO and Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the "Company" or "Hudson Pacific") (NYSE: HPP) today announced financial results for the third quarter 2021. Management Comments & Industry Outlook Victor Coleman, Hudson Pacific Properties' Chairman and CEO, said: "Hudson Pacific remains very well positioned as we continue to navigate the pandemic and look to a return to office for most of our tenants by year-end or early 2022. Our studio and office tenants continue to pay rent

Hudson Pacific Properties Reports Third Quarter 2021 Financial Results

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced that it has earned top honors in the 2021 Global Real Estate Sustainability Benchmark (GRESB®) Real Estate Assessment for its ESG accomplishments. In addition to achieving Green Star and highest 5-Star ratings for the third consecutive year, Hudson Pacific was recognized as an Office Sector Leader for the Americas, ranking first among the 22 companies in this category in the Development Benchmark. The comp

Hudson Pacific Properties Earns Top Recognition in 2021 GRESB Assessment for ESG Leadership

Industrial Logistics Properties

HPP vs. ILPT: Which Stock Is the Better Value Option?

HPP or ILPT: Which Is the Better Value Stock Right Now?

CubeSmart

HPP vs. CUBE: Which Stock Is the Better Value Option?

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced the appointment of Brent Obleton, Ed.D. as Vice President of Diversity and Inclusion. Obleton will be responsible for developing and executing an organizational strategy to advance Hudson Pacific's commitment to diversity, equity and inclusion (DE&I), whether related to the company's internal processes, external relationships or the real estate industry at large. In addition to creating new programs, h

Hudson Pacific Properties Hires Vice President of Diversity and Inclusion

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), operator and joint owner of Bentall Centre in partnership with Blackstone Real Estate, has taken the next step in transforming Bentall Centre with the proposed addition of a 16-storey hybrid mass timber office and retail development called Burrard Exchange at Bentall Centre. Under the proposed plans, which were recently submitted to the city of Vancouver, approximately 450,000 square feet of office and retail space would

Hudson Pacific Properties Unveils Plans for New Hybrid Mass Timber Office Building at Bentall Centre in Vancouver

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced that Victor Coleman, the company's Chairman and Chief Executive Officer, and other members of the company's senior management will participate in a roundtable discussion at BofA Securities 2021 Global Real Estate Virtual Conference on Wednesday, September 22, 2021 at 11:15 a.m. ET. The following is a link to the live, listen-only webcast of the discussion, where a replay will also be available one hour aft

Hudson Pacific Properties to Participate in BofA Securities 2021 Global Real Estate Virtual Conference

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced that the Company's Board of Directors has declared a quarterly dividend on its common stock of $0.25 per share for the third quarter of 2021. The dividend will be paid on September 30, 2021 to stockholders of record on September 20, 2021. About Hudson Pacific Properties Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties tota

Hudson Pacific Properties Declares Third Quarter 2021 Dividend

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced the separate acquisitions of Star Waggons and Zio Studio Services, two industry-leading companies that provide transportation and logistics services to studio productions, for a combined $222 million. Star Waggons and Zio Studio Services collectively comprise a fleet of more than 1,100 luxury location trailers, specialized vehicles and other transportation assets, as well as complementary equipment for the

News for Hudson Pacific Properties Stock (HPP)