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.

The company has announced the acquisition of Quixote Studios, which mainly provides sound stages and production services in the entertainment industry. At the current share price of $10.90, an annual payment of $1.00 represents a strong dividend yield of 9.17%.

Hudson Pacific Properties: Buy This Stock For A Solid Dividend Yield

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, today announced it has earned top rankings in the 2022 Global Real Estate Sustainability Benchmark (GRESB®) Real Estate Assessment for its sustainability accomplishments.

Hudson Pacific Tops 2022 GRESB Rankings for Sustainability Leadership

RF Industries

New appointments align with the Company's strategic growth strategies Marvin Fink retires from Board after more than 20 years of service SAN DIEGO, CA / ACCESSWIRE / September 12, 2022 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced the addition of Kay L. Tidwell and Jason Cohenour to the Company's Board of Directors (the "Board").

RF Industries Announces Board of Directors Changes

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 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 2022 Global Real Estate Conference on Wednes

Hudson Pacific Properties to Participate in BofA Securities 2022 Global Real Estate Conference

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 dividends for the third quarter of 2022 on its common stock of $0.25 per share, equivalent to an annual rate of $1.00 per share, and on its 4.750% Series C cumulative preferred stock of $0.296875 p

Hudson Pacific Properties Declares Third Quarter 2022 Dividends

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (“Hudson Pacific” or the “Company”) (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 its operating partnership, Hudson Pacific Properties, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $350.0 million aggregate principal amount of 5.950% seni

Hudson Pacific Properties Announces Pricing of Public Offering of $350.0 Million Aggregate Principal Amount of Senior Notes Due 2028

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (“Hudson Pacific” or the “Company”) (NYSE: HPP), today announced that its operating partnership, Hudson Pacific Properties, L.P. (the “Operating Partnership”), has commenced an underwritten public offering of senior notes. The notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by the Company. The Operating Partnership intends to allocate an amount equal to the net

Hudson Pacific Properties Announces Public Green Bond Offering

American Eagle Outfitters

DuPont de Nemours

Dynatrace Inc

P. H. Glatfelter Company

Invitation Homes

Mercury General

Minerals Technologies

Annaly Capital

OUTFRONT Media

NEW YORK , Sept. 2, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 19 to coincide with the quarterly rebalance: Advanced Micro Devices Inc. (NASD:AMD) will replace DuPont de Nemours Inc. (NYSE:DD) in the S&P 100.

CoStar Group, Invitation Homes Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600

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, today announced the acquisition of Quixote Studios, a leading provider of sound stages and production services to the entertainment industry, for $360 million before closing costs. Quixote rents sound stages, cast trailers, trucks, grip and lighting and other equipment essential for content production. With its diverse studio offerings, Quix

Hudson Pacific Expands and Enhances Studio Platform with Acquisition of Quixote Studios

Hudson Pacific Properties is a REIT that is a landlord to some of the largest technology companies in the world, including Google, Amazon, and Netflix. Shares in the stock have pulled back to multi-year lows and are trading at just 7.4x forward FFO.

Hudson Pacific Properties: Big Tech's Trusted Landlord

Hudson Pacific Properties, Inc. (NYSE:HPP ) Q2 2022 Results Conference Call July 27, 2022 2:00 PM ET Company Participants Laura Campbell - EVP, IR & Marketing Victor Coleman - Chairman, CEO Mark Lammas - President Harout Diramerian - CFO Art Suazo - EVP of Leasing Conference Call Participants Alexander Goldfarb - Piper Sandler Daniel Ismail - Green Street David Rodgers - Baird Jamie Feldman - Bank of America Michael Griffin - Citi Tayo Okusanya - Credit Suisse Ronald Kamdem - Morgan Stanley Vikram Malhotra - Mizuho Michael Bilerman - Citi Operator Good morning, and welcome to the Hudson Pacific Properties First (sic) [Second] Quarter 2022 Conference Call. [Operator Instructions] Please note, this event is being recorded.

Hudson Pacific Properties, Inc. (HPP) CEO Victor Coleman on Q2 2022 Results - Earnings Call Transcript

Hudson Pacific (HPP) delivered FFO and revenue surprises of 0% and 4.03%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Hudson Pacific Properties (HPP) Q2 FFO Meet Estimates

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 financial results for the second quarter 2022. “With our sharp focus on leasing we signed over 700,000 square feet during the quarter, leveraging our specialized expertise in serving the tech and media industries across our world-cla

Hudson Pacific Properties Reports Second Quarter 2022 Financial Results

Blackstone Group

LONDON & LOS ANGELES--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced they have received a positive resolution at planning committee to develop Sunset Waltham Cross Studios, a major new studio facility for feature films, high-end television and digital production in Broxbourne, Hertfordshire. Preliminary site work is expected to start in the second half of 20

Blackstone and Hudson Pacific Receive Approval at Planning Committee to Develop World-Class Studio Facility in the UK

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

Strength Seen in Hudson Pacific (HPP): Can Its 5.3% Jump Turn into More Strength?

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced its Board of Directors has declared dividends for the second quarter of 2022 on its common stock of $0.25 per share, equivalent to an annual rate of $1.00 per share, and on its 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share. Both dividends will be paid on June 30, 2022 to stockholders of record on June 20, 2022. About Hudson Pacific Pro

Hudson Pacific Properties Declares Second Quarter 2022 Dividends

Hudson Pacific Properties has interests in premier office and studio properties used by some of the largest publicly traded companies in the tech and media industries. While many shares in these industries are still excessively valued, HPP is currently trading at a significantly discounted valuation.

Hudson Pacific Properties: The Cheaper Way To Invest In Tech

AvalonBay Communities

Medtronic

J. M. Smucker

Stryker

Following the holiday weekend, U.S. equities began the shortened trading week lower on the first two trading days. Commentary from JPM's Jamie Dimon and the release of new economic data moved indexes higher and lower throughout the week.

5 Laggards For The Week Ending June 3, 2022

Highwoods Properties

Kilroy Realty

The demise of the office seems overblown.

Recovering Office Demand Is Driving Surging Rents for These REITs

Hudson Pacific Properties, Inc. (NYSE:HPP ) Q1 2022 Earnings Conference Call April 29, 2022 2:00 PM ET Company Participants Laura Campbell - Executive Vice President, Investor Relations and Marketing Victor Coleman - Chief Executive Officer and Chairman Mark Lammas - President Harout Diramerian - Chief Financial Officer Art Suazo - Executive Vice President, Leasing Conference Call Participants Jamie Feldman - Bank of America John Kim - BMO Capital Markets Manny Korchman - Citi Alexander Goldfarb - Piper Sandler Nick Yulico - Scotiabank Ronald Kamdem - Morgan Stanley Rich Anderson - SMBC Daniel Ismail - Green Street Operator Good morning, and welcome to the Hudson Pacific Properties First Quarter 2022 Conference Call. All participants will be in listen-only mode.

Hudson Pacific Properties, Inc.'s (HPP) CEO Victor Coleman on Q1 2022 Results - Earnings Call Transcript

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 completed its previously announced acquisition of Washington 1000, a fully entitled, state-of-the-art office development site in Seattle, for $85.6 million before closing adjustments. Hudson Pacific will commence construction of the office tow

Hudson Pacific Completes Acquisition of Washington 1000 Development Site

Hudson Pacific (HPP) delivered FFO and revenue surprises of 0% and 1.05%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Hudson Pacific Properties (HPP) Meets Q1 FFO Estimates

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 financial results for the first quarter 2022. "Our unique focus and specialized expertise in serving the growing tech and media industries yielded strong results during the first quarter, with notable leasing success across our world

Hudson Pacific Properties Reports First Quarter 2022 Financial Results

American Assets

Armada Hoffler Properties

Alexander's

Brandywine Realty

Boston Properties

City Office REIT

CIM Commercial Trust

Cousins Properties

Easterly Government Properties

Douglas Emmett

Equity Commonwealth

Empire State Realty Trust

Franklin Street Properties Corp.

JBG SMITH Properties

Corporate Office Properties Trust

Orion Office REIT

Office Properties Income Trust

Piedmont Office Realty Trust

Paramount Group

SL Green Realty

Vornado Realty Trust

Vanguard Real Estate ETF

The Office REIT sector has been an upside surprise thus far in 2022.

Picking A Winner In Office REITs

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced that entertainment and marketing executive and former White House official Ebs Burnough has been appointed to the company's Board of Directors effective March 17, 2022. Burnough succeeds outgoing board member Barry Porter of Clarity Partners. Burnough serves as Managing Director of Hatch House Media, a UK-based film, television and theatre production company, and as Pres

News for Hudson Pacific Properties Stock (HPP)