Hudson Pacific Properties (HPP) Reports Q2 FFO of $0.49

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Go back to Hudson Pacific Properties (HPP) Reports Q2 FFO of $0.49

Hudson Pacific Properties Reports Second Quarter 2021 Financial Results

August 3, 2021 5:00 PM EDT

Net Income of $0.02 per Diluted Share

FFO of $0.49 per Diluted Share (Excluding Specified Items)
Same-store office and studio cash NOI increased 4.9% and 29.3%, respectively

Over 510,000 Square Feet of Office Leases Executed
GAAP and cash rent growth of 18.7% and 12.1%, respectively
Stabilized and in-service office portfolios 92.7% and 91.4% leased, respectively
Remaining 2021 office lease expirations just 4.4% of Company's Share of ABR

$0.9 Billion Total Liquidity
No material maturities until 2023

Provided Full-Year and Q3 2021 FFO... More