Hudson Pacific Properties Inc
NYSE:HPP
Hudson Pacific Properties Inc
Hudson Pacific Properties, Inc. is a real estate company. The company is headquartered in Los Angeles, California and currently employs 560 full-time employees. The company went IPO on 2010-06-24. The firm operates through three segments such as office properties, studio properties and the management entity’s operations. The company is focused on acquiring, repositioning, developing and operating office and studio properties in submarkets throughout Northern and Southern California, the Pacific Northwest and Western Canada. The Company’s portfolio includes office properties and studio properties, which comprises of office and supporting production facilities. The company also owns undeveloped office and residential space. The Company’s office properties are located in Northern and Southern California, the Pacific Northwest and Western Canada. Its studio portfolio consists of three properties which are located in the heart of Hollywood in Southern California.
Hudson Pacific Properties, Inc. is a real estate company. The company is headquartered in Los Angeles, California and currently employs 560 full-time employees. The company went IPO on 2010-06-24. The firm operates through three segments such as office properties, studio properties and the management entity’s operations. The company is focused on acquiring, repositioning, developing and operating office and studio properties in submarkets throughout Northern and Southern California, the Pacific Northwest and Western Canada. The Company’s portfolio includes office properties and studio properties, which comprises of office and supporting production facilities. The company also owns undeveloped office and residential space. The Company’s office properties are located in Northern and Southern California, the Pacific Northwest and Western Canada. Its studio portfolio consists of three properties which are located in the heart of Hollywood in Southern California.
Leasing Momentum: Hudson Pacific achieved its strongest office leasing year since 2019, signing over 500,000 square feet of leases in the third quarter and 1.7 million year-to-date, with positive net absorption and a strong pipeline.
Occupancy Inflection: Office portfolio occupancy improved to 75.9%, up 80 basis points sequentially, marking a clear inflection point and progress in the West Coast office recovery driven by strong AI and tech demand.
Financial Position: The company significantly strengthened its balance sheet, ending the quarter with $1 billion in liquidity, 100% of debt fixed or capped, and no maturities until Q3 2026.
Revenue & FFO: Revenues declined year-over-year to $186.6 million, mainly due to asset sales and lower occupancy, but FFO grew to $16.7 million, up 17% from the previous year, helped by cost reductions.
Studio Recovery: Studio operations showed early signs of improvement, with increased occupancy and cost savings at Quixote Studios, but management expects a more meaningful recovery in the second quarter of next year as new California tax credits take effect.
Outlook: Fourth quarter FFO is guided between $0.01 and $0.05 per share, with management citing seasonal weakness in studios and expecting stronger impact from production incentives in mid-2026.
