Hudson Pacific Properties (HPP) Reports Q3 FFO of $0.45

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Go back to Hudson Pacific Properties (HPP) Reports Q3 FFO of $0.45

Hudson Pacific Properties Reports Third Quarter 2021 Financial Results

October 26, 2021 5:00 PM EDT

Net Loss of $0.06 per Diluted Share

FFO of $0.50 per Diluted Share (Excluding Specified Items)
Same-store office and studio cash NOI increased 10.8% and 45.5%, respectively

Over 318,000 Square Feet of Office Leases Executed
GAAP and cash rent growth of 8.3% and 5.1%, respectively
Stabilized and in-service office portfolios 92.1% and 91.2% leased, respectively
Remaining 2021 office lease expirations just 1.9% of Company's Share of ABR

Completed Multiple Transactions to Grow Studio Platform
Purchased 91-acre London-area studio development site with Blackstone
Unveiled plans for 241,000-square-foot Los... More