Hudson Pacific Properties (HPP) Reports Q1 FFO of $0.54, Withdraws FY20 Guidance
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Hudson Pacific Properties Reports First Quarter 2020 Financial Results
May 5, 2020 6:00 AM EDT
Net Income of $0.07 per Diluted Share
FFO of $0.54 per Diluted Share (Excluding Specified Items)
Grew same-store office cash NOI by 7.9%
Grew same-store studio cash NOI by 9.5%, excluding a 2019 one-time payment
Signed Nearly 230,000 Square Feet of Office Leases
Achieved GAAP and cash rent growth of 30.6% and 20.3%, respectively
Reduced 2020 expirations to 4.8% of Company's Share of ABR
Total Liquidity of $1.1 Billion
Only one $65 million maturity in Q3 2020, thereafter no maturities until 2022
Collected 95% of Office and Studio... More
