Hudson Pacific Properties (HPP) Reports Q3 FFO of $0.43

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Go back to Hudson Pacific Properties (HPP) Reports Q3 FFO of $0.43

Hudson Pacific Properties Reports Third Quarter 2020 Financial Results

October 29, 2020 5:03 PM EDT

Net Loss of $0.04 per Diluted Share

FFO of $0.43 per Diluted Share (Excluding Specified Items)

Signed Nearly 185,000 Square Feet of Office Leases
Achieved cash rent growth of 28.5%, or 24.5% excluding short-term extensions
Stabilized and in-service office portfolios 94.5% and 93.5% leased, respectively

Continued Strong Rent Collections
Collected 97% of Q3 total rents, 98% for office and 100% for studio properties
Collected 94% of October total rents to date, consistent with prior three months

Total Liquidity of $1.3 Billion, No Maturities until... More