Hudson Pacific Properties (HPP) Reports Q1 FFO of $0.54, Withdraws FY20 Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/1/2026

1. INTC
2. AMZN
3. RDDT
4. PINS
5. COIN
6. FSLR
7. SYK
8. DASH
9. MA
10. FND

Go back to Hudson Pacific Properties (HPP) Reports Q1 FFO of $0.54, Withdraws FY20 Guidance

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