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Hudson Pacific Properties Inc
NYSE:HPP

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Hudson Pacific Properties Inc Logo
Hudson Pacific Properties Inc
NYSE:HPP
Watchlist
Price: 6.34 USD -0.47% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

HPP's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

Hudson Pacific Properties, Inc. is a real estate company. [ Read More ]

The intrinsic value of one HPP stock under the Base Case scenario is 30.44 USD. Compared to the current market price of 6.34 USD, Hudson Pacific Properties Inc is Undervalued by 79%.

Key Points:
HPP Intrinsic Value
Base Case
30.44 USD
Undervaluation 79%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Hudson Pacific Properties Inc

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Fundamental Analysis

Company Faces Revenue Drop in Q4 2023
2023-Q4 Earnings Call

Company Faces Revenue Drop in Q4 2023

In Q4 2023, the company saw revenues fall to $223.4 million from $269.9 million in the same quarter the previous year, primarily due to asset sales and reduced studio services because of union strikes. FFO also declined significantly to $19.6 million or $0.14 per diluted share, as opposed to $70.2 million or $0.49 in Q4 last year. Same-store cash NOI was $116.1 million, a decrease from prior year's $127.4 million. Looking ahead, the full year 2024 FFO is projected to be $0.15 to $0.19 per diluted share for the first quarter, and $1 to $1.10 for the full year.

Financials

Balance Sheet Decomposition
Hudson Pacific Properties Inc

Current Assets 358.5m
Cash & Short-Term Investments 100.4m
Receivables 245.4m
Other Current Assets 12.7m
Non-Current Assets 7.9B
Long-Term Investments 252.7m
PP&E 7B
Intangibles 264.1m
Other Non-Current Assets 427.2m
Current Liabilities 681.7m
Accounts Payable 203.7m
Accrued Liabilities 389.2m
Other Current Liabilities 88.7m
Non-Current Liabilities 4.5B
Long-Term Debt 4B
Other Non-Current Liabilities 510.9m
Efficiency
Fundamental Scores

HPP Profitability Score
Profitability Due Diligence

Hudson Pacific Properties Inc's profitability score is 40/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Years Revenue Growth
Positive Operating Income
Declining ROIC
40/100
Profitability
Score

Hudson Pacific Properties Inc's profitability score is 40/100. The higher the profitability score, the more profitable the company is.

HPP Solvency Score
Solvency Due Diligence

Hudson Pacific Properties Inc's solvency score is 20/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Average D/E
Short-Term Solvency
Positive Net Debt
20/100
Solvency
Score

Hudson Pacific Properties Inc's solvency score is 20/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

HPP Price Targets Summary
Hudson Pacific Properties Inc

Wall Street analysts forecast HPP stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for HPP is 9.33 USD with a low forecast of 5.05 USD and a high forecast of 13.65 USD.

Lowest
Price Target
5.05 USD
20% Downside
Average
Price Target
9.33 USD
47% Upside
Highest
Price Target
13.65 USD
115% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

HPP Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

HPP Price
Hudson Pacific Properties Inc

1M 1M
-21%
6M 6M
-10%
1Y 1Y
-28%
3Y 3Y
-72%
5Y 5Y
-76%
10Y 10Y
-61%
Annual Price Range
6.34
52w Low
4.08
52w High
9.67
Price Metrics
Average Annual Return -16.35%
Standard Deviation of Annual Returns 37.84%
Max Drawdown -87%
Shares Statistics
Market Capitalization 894.6m USD
Shares Outstanding 141 110 000
Percentage of Shares Shorted 25.09%

HPP Return Decomposition
Main factors of price return

What is price return decomposition?

HPP News

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Company Profile

Hudson Pacific Properties Inc Logo
Hudson Pacific Properties Inc

Country

United States of America

Industry

Real Estate

Market Cap

894.6m USD

Dividend Yield

7.17%

Description

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.

Contact

CALIFORNIA
Los Angeles
11601 Wilshire Blvd., Ninth Floor
+13104455700.0
http://www.hudsonpacificproperties.com/

IPO

2010-06-24

Employees

560

Officers

Chairman & CEO
Mr. Victor J. Coleman
President & Treasurer
Mr. Mark T. Lammas
Chief Financial Officer
Mr. Harout Krikor Diramerian
Executive VP, General Counsel, Secretary & Chief Risk Officer
Ms. Kay Lee Tidwell
Executive Vice President of Leasing
Mr. Arthur X. Suazo
Executive Vice President of Business Affairs
Mr. Steven M. Jaffe J.D.
Show More
Chief Operating Officer
Mr. Andy Wattula
Chief Investment Officer
Mr. Drew B. Gordon
Senior Vice President of Accounting
Ms. Eunice Wong
Executive Vice President of Investor Relations & Marketing
Ms. Laura Campbell
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See Also

Discover More
What is the Intrinsic Value of one HPP stock?

The intrinsic value of one HPP stock under the Base Case scenario is 30.44 USD.

Is HPP stock undervalued or overvalued?

Compared to the current market price of 6.34 USD, Hudson Pacific Properties Inc is Undervalued by 79%.