Hudson Pacific Properties Inc
NYSE:HPP

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Hudson Pacific Properties Inc Logo
Hudson Pacific Properties Inc
NYSE:HPP
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Price: 5.88 USD -2.16% Market Closed
Market Cap: $322.9m

Hudson Pacific Properties Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Revenue Growth: Total revenues reached $256 million, up from $209.7 million last year, driven in part by a lease termination fee from Element LA.

Balance Sheet Transformation: Hudson Pacific executed $330 million in strategic asset sales and $2 billion in capital transactions, nearly doubling liquidity and reducing net debt by 22%.

FFO Guidance Reinstated: The company reinstated full-year 2026 FFO guidance at $0.96 to $1.06 per share, expecting sequential growth through the year.

Occupancy Momentum: Office portfolio occupancy improved to 76.3% with strong leasing momentum, and full-year in-service office occupancy is guided to 80–82%.

Leasing Pipeline Strength: Leasing pipeline grew to 2.3 million square feet, up 15% year-over-year, with office tours up more than 50%.

Cost Savings: Achieved $26 million in G&A and interest expense savings in 2025, and further annualized savings of $25 million from Quixote restructuring.

Studio Performance: Studio business saw occupancy gains and revenue growth, with Sunset Pier 94 Studios achieving 90% occupancy in its first quarter.

Active Capital Management: Targeting $200–$300 million in asset sales in 2026, prioritizing FFO-accretive transactions.

Key Financials
Revenue
$256 million
G&A Expense
$13 million
FFO (excluding specified items)
$13.6 million or $0.21 per diluted share
Specified Items
$213.6 million or $3.27 per diluted share
Same-store Cash NOI
$84.8 million
Office Portfolio Occupancy
76.3%
Leasing Pipeline
2.3 million square feet
Office Tours
2.1 million square feet in Q4
Studio In-Service Trailing 12-Month Occupancy
69.1%
Hollywood Stages Trailing 12-Month Occupancy
86.2%
Quixote Stages Occupancy
53.3%
Studio Revenue
increased $3.6 million sequentially
Studio NOI
increased $2.1 million sequentially
Total Liquidity
$934 million
Cash
$138 million
Undrawn Revolver Capacity
$795 million
Net Debt Reduction
22%
Debt to Undepreciated Book Value
31.9%
Interest Expense Savings
over $5 million
Leases Signed in Q4
518,000 square feet
Office Leases Signed in 2025
2.2 million square feet
G&A and Interest Expense Savings (2025)
$26 million
Annualized Expense Savings from Quixote Restructuring
$25 million
Asset Sales in 2025
$330 million
Average Requirement Size (Q4 Pipeline)
25,000 square feet
Earnings Call Recording
Other Earnings Calls

Management

Mr. Victor J. Coleman
Chairman & CEO
No Bio Available
Mr. Mark T. Lammas
President & Treasurer
No Bio Available
Mr. Harout Krikor Diramerian
Chief Financial Officer
No Bio Available
Ms. Kay Lee Tidwell J.D.
Executive VP, General Counsel, Secretary & Chief Risk Officer
No Bio Available
Mr. Arthur X. Suazo
Executive Vice President of Leasing
No Bio Available
Mr. Steven M. Jaffe J.D.
Executive Vice President of Business Affairs
No Bio Available
Mr. Andy Wattula
Chief Operating Officer
No Bio Available
Mr. Drew B. Gordon
Chief Investment Officer
No Bio Available
Ms. Eunice Wong
Senior Vice President of Accounting
No Bio Available
Ms. Laura Campbell
Executive Vice President of Investor Relations & Marketing
No Bio Available

Contacts

Address
CALIFORNIA
Los Angeles
11601 Wilshire Blvd., Ninth Floor
Contacts
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