Hudson Pacific Properties (HPP) Tops Q1 FFO by 2c

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Go back to Hudson Pacific Properties (HPP) Tops Q1 FFO by 2c

Hudson Pacific Properties Reports Strong First Quarter 2016 Financial Results

May 5, 2016 9:03 AM EDT

Nearly 820,000 Square Feet Of Leases Executed; Cash Rent Spreads Exceed 65%

LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (the Company, or Hudson Pacific) (NYSE: HPP) today announced financial results for the first quarter ended March 31, 2016.

First Quarter Highlights

FFO (excluding specified items) of $63.2 million, or $0.43 per diluted share, compared to $18.5 million, or $0.23 per share, a year ago; Completed new and renewal leases totaling 816,031 square feet, consisting of 599,203 square feet of new leases and 216,828 square feet of renewal leases; Achieved... More