Hudson Pacific Properties (HPP) Reports In-Line Q1 FFO

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Go back to Hudson Pacific Properties (HPP) Reports In-Line Q1 FFO

Hudson Pacific Properties Reports First Quarter 2019 Financial Results

May 2, 2019 9:00 AM EDT

Net Loss of $0.26 per Diluted Share
FFO of $0.49 per Diluted Share (Excluding Specified Items)

Signed Over 1.0 Million Square Feet of Leases
Achieved GAAP and cash rent growth of 32.9% and 25.4%, respectively
Leased 100% of office space at One Westside and Maxwell redevelopments

Formed JV to Enter Vancouver, Canada Office Market
Under contract to purchase and reposition 1.45 million-square-foot complex

Refinanced Existing Debt to Extend Maturities, Reduce Rates
Issued $350 million of 10-year notes at 4.65%
Recast Sunset Gower/Sunset Bronson loan

Increased 2019 FFO... More