Hudson Pacific Properties Reports Third Quarter 2024 Financial Results
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Go back to Hudson Pacific Properties Reports Third Quarter 2024 Financial Results
November 13, 2024 9:40 AM EST
BTIG analyst Thomas Catherwood reiterated a Buy rating and $11.00 price target on Hudson Pacific Properties (NYSE: HPP).
The analyst comments "Make no mistake, HPP is a company in transition: (1) its office portfolio is transitioning from three years of elevated lease expirations (2023-2025) to two years with a below average run rate (2026-2027), (2) its studio business is transitioning from the pandemic-era content creation boom to an era with more fiscally focused productions, and (3) its balance sheet is transitioning from unsecured, investment grade financing to a hybrid of secured mortgages, private placements, and... More
November 12, 2024 4:23 PM EST
Hudson Pacific Properties (NYSE: HPP) reported Q3 EPS of ($0.69), $0.28 worse than the analyst estimate of ($0.41). Revenue for the quarter came in at $200.4 million versus the consensus estimate of $213 million.
For earnings history and earnings-related data on Hudson Pacific Properties (HPP) click here.
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