Hudson Pacific Properties (HPP) Reports Q1 FFO of $0.48

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Go back to Hudson Pacific Properties (HPP) Reports Q1 FFO of $0.48

Hudson Pacific Properties Reports First Quarter 2021 Financial Results

May 5, 2021 5:00 PM EDT

Net Income of $0.03 per Diluted Share

FFO of $0.48 per Diluted Share (Excluding Specified Items)

Same-store office and studio cash NOI increased 2.6% and 6.4%, respectively

Over 524,000 Square Feet of Office Leases Executed

GAAP and cash rent growth of 12.2% and 2.4%, respectively

Stabilized and in-service office portfolios 92.7% and 91.7% leased, respectively

Remaining 2021 office lease expirations just 6.5% of Company's Share of ABR

Collected 98% of Q1 Total Rents

Includes 99% for office and 100% for... More