Hudson Pacific Properties (HPP) Tops Q4 FFO by 2c
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Hudson Pacific Properties Announces Strong Fourth Quarter and Full Year 2015 Financial Results
February 25, 2016 4:01 PM ESTLOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (the Company or Hudson Pacific) (NYSE: HPP) today announced financial results for the fourth quarter ended December 31, 2015.
Fourth Quarter Highlights
FFO (excluding specified items) of $64.8 million, or $0.44 per diluted share, compared to $22.2 million, or $0.32 per share, a year ago; Completed new and renewal leases totaling 400,441 square feet at cash and GAAP rent spreads of 22.7% and 42.0%, respectively; Improved in-service office portfolio leased rate to 90.1% at December 31, 2015, up from 89.5% as of September 30, 2015;... More