8-K Announcements
6Feb 26, 2026·SEC
Dec 3, 2025·SEC
Dec 1, 2025·SEC
Hudson Pacific Properties, Inc. (HPP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Hudson Pacific Properties, Inc. (HPP) stock price & volume — 10-year historical chart
Hudson Pacific Properties, Inc. (HPP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Hudson Pacific Properties, Inc. (HPP) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.21vs $0.20+5.0% | $256Mvs $187M+36.8% |
| Q4 2025 | Nov 5, 2025 | $0.28vs $0.14+100.0% | $187Mvs $170M+9.6% |
| Q3 2025 | Aug 5, 2025 | $0.04vs $0.03+33.3% | $190Mvs $186M+2.1% |
| Q2 2025 | May 7, 2025 | $0.09vs $0.08+12.5% | $198Mvs $201M-1.4% |
Hudson Pacific Properties, Inc. (HPP) competitors in Specialized Office and Lab REITs — business model, growth, and fundamentals comparison
Hudson Pacific Properties, Inc. (HPP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Hudson Pacific Properties, Inc. (HPP) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 728.14M | 728.42M | 817.43M | 805.7M | 896.84M | 1.03B | 952.3M | 842.08M | 831.11M |
| Revenue Growth % | 13.84% | 0.04% | 12.22% | -1.44% | 11.31% | 14.43% | -7.2% | -11.57% | -1.3% |
| Property Operating Expenses | 254.1M | 268.25M | 302.19M | 300.22M | 335.85M | 413.82M | 450.46M | 454.08M | 1.18B |
| Net Operating Income (NOI) | 474.03M▲ 0% | 460.17M▼ 2.9% | 515.25M▲ 12.0% | 505.48M▼ 1.9% | 560.99M▲ 11.0% | 612.41M▲ 9.2% | 501.83M▼ 18.1% | 388M▼ 22.7% | -350.16M▼ 190.2% |
| NOI Margin % | 65.1% | 63.17% | 63.03% | 62.74% | 62.55% | 59.68% | 52.7% | 46.08% | -42.13% |
| Operating Expenses | 338.03M | 312.03M | 71.95M | 77.88M | 414.96M | 452.72M | 472.8M | 433.88M | -302.6M |
| G&A Expenses | 54.46M | 61.03M | 71.95M | 77.88M | 71.35M | 79.5M | 74.96M | 79.45M | 72.95M |
| EBITDA | 420.17M | 399.68M | 669.83M | 678.66M | 489.64M | 532.9M | 426.87M | 308.55M | 327.41M |
| EBITDA Margin % | 57.71% | 54.87% | 81.94% | 84.23% | 54.6% | 51.93% | 44.83% | 36.64% | 39.39% |
| Depreciation & Amortization | 283.57M | 251M | 226.53M | 251.06M | 343.61M | 373.22M | 397.85M | 354.43M | 374.97M |
| D&A / Revenue % | 38.94% | 34.46% | 27.71% | 31.16% | 38.31% | 36.37% | 41.78% | 42.09% | 45.12% |
| Operating Income | 136.6M▲ 0% | 148.68M▲ 8.8% | 443.3M▲ 198.2% | 427.6M▼ 3.5% | 146.03M▼ 65.8% | 159.69M▲ 9.4% | 29.03M▼ 81.8% | -45.87M▼ 258.0% | -47.55M▼ 3.7% |
| Operating Margin % | 18.76% | 20.41% | 54.23% | 53.07% | 16.28% | 15.56% | 3.05% | -5.45% | -5.72% |
| Interest Expense | 90.04M | 83.17M | 0 | 0 | 121.94M | 149.9M | 214.41M | 177.39M | 172.22M |
| Interest Coverage | 1.98x | 2.27x | - | - | 1.24x | 0.89x | 0.24x | -1.14x | -2.44x |
| Non-Operating Income | -41.96M | -40.3M | 282.09M | 299.68M | -4.92M | 26.3M | -21.48M | 156.5M | 372.8M |
| Pretax Income | 94.56M▲ 0% | 111.78M▲ 18.2% | 55.85M▼ 50.0% | 16.43M▼ 70.6% | 29.01M▲ 76.6% | -16.52M▼ 156.9% | -163.9M▼ 892.3% | -379.76M▼ 131.7% | -592.57M▼ 56.0% |
| Pretax Margin % | 12.99% | 15.35% | 6.83% | 2.04% | 3.23% | -1.61% | -17.21% | -45.1% | -71.3% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 6.8M | 1.64M | -273K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | -4.15% | -0.43% | 0.05% |
| Net Income | 69.23M▲ 0% | 99.37M▲ 43.5% | 44.03M▼ 55.7% | 2.04M▼ 95.4% | 10.11M▲ 396.5% | -34.97M▼ 446.0% | -173.89M▼ 397.2% | -343.34M▼ 97.4% | -551.69M▼ 60.7% |
| Net Margin % | 9.51% | 13.64% | 5.39% | 0.25% | 1.13% | -3.41% | -18.26% | -40.77% | -66.38% |
| Net Income Growth % | 141.88% | 43.55% | -55.69% | -95.38% | 396.46% | -445.97% | -397.24% | -97.45% | -60.68% |
| Funds From Operations (FFO) | 352.8M▲ 0% | 350.37M▼ 0.7% | 270.56M▼ 22.8% | 253.1M▼ 6.5% | 353.72M▲ 39.8% | 338.25M▼ 4.4% | 223.96M▼ 33.8% | 11.08M▼ 95.1% | -176.73M▼ 1694.7% |
| FFO Margin % | 48.45% | 48.1% | 33.1% | 31.41% | 39.44% | 32.96% | 23.52% | 1.32% | -21.26% |
| FFO Growth % | 18.5% | -0.69% | -22.78% | -6.45% | 39.76% | -4.37% | -33.79% | -95.05% | -1694.71% |
| FFO per Share | 16.05 | 15.75 | 12.09 | 11.57 | 16.30 | 16.47 | 11.12 | 0.55 | -3.96 |
| FFO Payout Ratio % | 44.94% | 44.81% | 58.33% | 61.24% | 43.7% | 42.99% | 24.54% | 138.76% | 0% |
| EPS (Diluted) | 3.08▲ 0% | 4.41▲ 43.2% | 1.96▼ 55.6% | 0.02▼ 99.1% | 0.28▲ 1500.0% | -2.73▼ 1075.0% | -9.52▼ 248.7% | -18.06▼ 89.7% | -12.81▲ 29.1% |
| EPS Growth % | 76% | 43.18% | -55.56% | -99.11% | 1500% | -1075% | -248.72% | -89.71% | 29.07% |
| EPS (Basic) | 3.08 | 4.41 | 1.96 | 0.02 | 0.28 | -2.73 | -9.52 | -18.06 | -12.81 |
| Diluted Shares Outstanding | 21.98M | 22.24M | 22.37M | 21.88M | 21.71M | 20.53M | 20.14M | 20.17M | 44.68M |
Hudson Pacific Properties, Inc. (HPP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 6.62B | 7.07B | 7.47B | 8.35B | 8.99B | 9.32B | 8.28B | 8.13B | 7.27B |
| Asset Growth % | -0.85% | 6.78% | 5.6% | 11.83% | 7.66% | 3.66% | -11.13% | -1.81% | -10.63% |
| Real Estate & Other Assets | 5.71B | 201.64M | 6.4B | 7.13B | 7.11B | 7.21B | 6.51B | 6.47B | -6.09B |
| PP&E (Net) | 397.01M | 6.36B | 269.03M | 273.32M | 345.51M | 531.34M | 495.09M | 497.89M | 405.65M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 636.5M | 378.13M | 434.46M | 568.17M | 899.18M | 684.27M | 377.24M | 408.75M | 348.71M |
| Cash & Equivalents | 78.92M | 53.74M | 46.22M | 113.69M | 96.56M | 255.76M | 100.39M | 63.26M | 138.36M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 434.29M | 14.45M | 12.03M | 35.85M | 350.84M | 118.29M | 18.77M | 119.03M | 0 |
| Intangible Assets | 0 | 66.79M | 285.45M | 285.84M | 341.44M | 393.84M | 326.95M | 327.51M | 307.39M |
| Total Liabilities | 2.71B | 3.12B | 3.63B | 4.25B | 4.66B | 5.44B | 4.73B | 4.96B | 4.06B |
| Total Debt | 2.47B | 2.83B | 3.56B | 3.87B | 4.22B | 5.05B | 4.4B | 4.62B | 3.78B |
| Net Debt | 2.39B | 2.77B | 3.52B | 3.75B | 4.13B | 4.8B | 4.3B | 4.56B | 3.62B |
| Long-Term Debt | 2.42B | 2.82B | 2.94B | 3.6B | 3.8B | 4.27B | 3.56B | 3.66B | 3.76B |
| Short-Term Borrowings | 0 | 8.76M | 75M | 0 | 125M | 385M | 451M | 579M | 1.08B |
| Capital Lease Obligations | 49.93M | 45.61M | 545.4M | 270.01M | 293.6M | 399.8M | 389.21M | 380M | 343.89M |
| Total Current Liabilities | 167.25M | 175.3M | 287.67M | 235.86M | 429.86M | 649.76M | 654.74M | 803.98M | 343.89M |
| Accounts Payable | 162.08M | 175.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 62.76M | 68.69M | 86.19M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 9.52M | 18.58M | 41.31M | 151.14M | 137.04M | 127.7M | 126.3M | 116.36M | -42.36M |
| Total Equity | 3.91B▲ 0% | 3.94B▲ 0.8% | 3.83B▼ 2.8% | 4.1B▲ 6.8% | 4.33B▲ 5.6% | 3.87B▼ 10.4% | 3.55B▼ 8.3% | 3.17B▼ 10.8% | 3.2B▲ 1.2% |
| Equity Growth % | 5.62% | 0.83% | -2.76% | 6.81% | 5.63% | -10.44% | -8.35% | -10.8% | 1.17% |
| Shareholders Equity | 3.64B | 3.54B | 3.42B | 3.46B | 3.74B | 3.31B | 3.08B | 2.86B | 2.97B |
| Minority Interest | 273.19M | 399.73M | 417.83M | 632.72M | 584.62M | 569.77M | 473.34M | 312.45M | 230.01M |
| Common Stock | 1.56M | 1.54M | 1.55M | 1.51M | 1.51M | 1.41M | 1.4M | 1.4M | 529K |
| Additional Paid-in Capital | 3.62B | 3.52B | 3.42B | 3.47B | 3.32B | 2.89B | 2.65B | 2.44B | 2.55B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 10.18M | 9.81M | 9.81M | 0 | 425M | 425M | 425M | 425M | 425M |
| Return on Assets (ROA) | 1.04% | 1.45% | 0.61% | 0.03% | 0.12% | -0.38% | -1.98% | -4.18% | -7.16% |
| Return on Equity (ROE) | 1.82% | 2.53% | 1.13% | 0.05% | 0.24% | -0.85% | -4.68% | -10.22% | -17.31% |
| Debt / Assets | 37.31% | 40% | 47.74% | 46.31% | 46.96% | 54.21% | 53.13% | 56.85% | 52% |
| Debt / Equity | 0.63x | 0.72x | 0.93x | 0.94x | 0.98x | 1.30x | 1.24x | 1.46x | 1.18x |
| Net Debt / EBITDA | 5.69x | 6.94x | 5.25x | 5.53x | 8.43x | 9.00x | 10.07x | 14.78x | 11.07x |
| Book Value per Share | 177.91 | 177.29 | 171.40 | 187.19 | 199.32 | 188.71 | 176.37 | 157.06 | 71.73 |
Hudson Pacific Properties, Inc. (HPP) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 292.96M | 214.63M | 288.01M | 302.03M | 314.86M | 369.5M | 232.26M | 164.66M | 120.98M |
| Operating CF Growth % | 29.19% | -26.74% | 34.19% | 4.87% | 4.25% | 17.35% | -37.14% | -29.11% | -26.53% |
| Operating CF / Revenue % | 40.23% | 29.46% | 35.23% | 37.49% | 35.11% | 36.01% | 24.39% | 19.55% | 14.56% |
| Net Income | 94.56M | 111.78M | 55.85M | 16.43M | 29.01M | -16.52M | -171.38M | -381.41M | -572.25M |
| Depreciation & Amortization | 268.01M | 235.83M | 271.71M | 292.4M | 334.57M | 367.92M | 394.36M | 355.63M | 374.97M |
| Stock-Based Compensation | 15.08M | 17.03M | 19.48M | 22.72M | 21.16M | 24.3M | 23.86M | 26.01M | 30.4M |
| Other Non-Cash Items | -66.32M | -71.03M | -37.62M | -15.71M | -15.58M | 4.43M | 11.8M | 189.5M | 394.25M |
| Working Capital Changes | -18.38M | -78.98M | -21.41M | -13.81M | -54.3M | -10.63M | -33M | -25.67M | -104.68M |
| Cash from Investing | -333.04M | -392.33M | -316.41M | -1.01B | -754.21M | -378.09M | 467.84M | -250.54M | 42.84M |
| Acquisitions (Net) | -1.07M | 0 | -64.5M | -16.76M | -285.44M | -199.1M | -68.73M | 0 | 0 |
| Purchase of Investments | 0 | -149.18M | 0 | -3.4M | -12.4M | -17.11M | -4.92M | -5.94M | -4.31M |
| Sale of Investments | 0 | 0 | 0 | 6.7M | 5.78M | 0 | 503K | 0 | 0 |
| Other Investing | -74.23M | 119.53M | -231.41M | -399.44M | -336.92M | -141.68M | 546.73M | -221.54M | 69.22M |
| Cash from Financing | 33.17M | 144.62M | 18.46M | 796.09M | 486.68M | 97.45M | -866.67M | 65.9M | -100.87M |
| Dividends Paid | -159.18M | -157.62M | -158.44M | -155.61M | -155.17M | -168.75M | -75.76M | -36.18M | -351K |
| Common Dividends | -158.54M | -157M | -157.82M | -155M | -154.56M | -145.43M | -54.96M | -15.38M | 0 |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K |
| Share Repurchases | -310.86M | -50M | -525K | -80.21M | -46.14M | -237.21M | -1.37M | -571K | -7.34M |
| Other Financing | 292.41M | 86.18M | -24.46M | 456M | -99.09M | -50.24M | -113.8M | -40.09M | -10.15M |
| Net Change in Cash | -6.91M▲ 0% | -33.09M▼ 378.7% | -9.93M▲ 70.0% | 91.28M▲ 1019.0% | 47.34M▼ 48.1% | 88.86M▲ 87.7% | -166.57M▼ 287.5% | -19.98M▲ 88.0% | 62.95M▲ 415.1% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 108.19M | 101.28M | 68.19M | 58.26M | 149.54M | 196.88M | 285.73M | 119.16M | 99.18M |
| Cash at End | 101.28M | 68.19M | 58.26M | 149.54M | 196.88M | 285.73M | 119.16M | 99.18M | 162.13M |
| Free Cash Flow | 35.23M▲ 0% | -148.06M▼ 520.3% | 267.51M▲ 280.7% | -291.91M▼ 209.1% | 189.63M▲ 165.0% | 349.29M▲ 84.2% | 226.52M▼ 35.1% | 141.59M▼ 37.5% | 98.91M▼ 30.1% |
| FCF Growth % | 108.73% | -520.33% | 280.68% | -209.12% | 164.96% | 84.19% | -35.15% | -37.49% | -30.15% |
| FCF / Revenue % | 4.84% | -20.33% | 32.73% | -36.23% | 21.14% | 34.04% | 23.79% | 16.81% | 11.9% |
Hudson Pacific Properties, Inc. (HPP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 18.88 | 16.05 | 15.75 | 12.09 | 11.57 | 16.3 | 16.47 | 11.12 | 0.55 | -3.96 |
| FFO Payout Ratio | 39.58% | 44.94% | 44.81% | 58.33% | 61.24% | 43.7% | 42.99% | 24.54% | 138.76% | 0% |
| NOI Margin | 64.18% | 65.1% | 63.17% | 63.03% | 62.74% | 62.55% | 59.68% | 52.7% | 46.08% | -42.13% |
| Net Debt / EBITDA | 6.87x | 5.69x | 6.94x | 5.25x | 5.53x | 8.43x | 9.00x | 10.07x | 14.78x | 11.07x |
| Debt / Assets | 38.13% | 37.31% | 40% | 47.74% | 46.31% | 46.96% | 54.21% | 53.13% | 56.85% | 52% |
| Interest Coverage | 1.52x | 1.98x | 2.27x | - | - | 1.24x | 0.89x | 0.24x | -1.14x | -2.44x |
| Book Value / Share | 234.84 | 177.91 | 177.29 | 171.4 | 187.19 | 199.32 | 188.71 | 176.37 | 157.06 | 71.73 |
| Revenue Growth | 22.81% | 13.84% | 0.04% | 12.22% | -1.44% | 11.31% | 14.43% | -7.2% | -11.57% | -1.3% |
Hudson Pacific Properties, Inc. (HPP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 26, 2026·SEC
Dec 3, 2025·SEC
Dec 1, 2025·SEC
Hudson Pacific Properties, Inc. (HPP) stock FAQ — growth, dividends, profitability & financials explained
Hudson Pacific Properties, Inc. (HPP) reported $831.1M in revenue for fiscal year 2025. This represents a 11836% increase from $7.0M in 2007.
Hudson Pacific Properties, Inc. (HPP) saw revenue decline by 1.3% over the past year.
Hudson Pacific Properties, Inc. (HPP) reported a net loss of $551.7M for fiscal year 2025.
Hudson Pacific Properties, Inc. (HPP) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
Hudson Pacific Properties, Inc. (HPP) has a return on equity (ROE) of -17.3%. Negative ROE indicates the company is unprofitable.
Hudson Pacific Properties, Inc. (HPP) generated Funds From Operations (FFO) of $-176.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Hudson Pacific Properties, Inc. (HPP) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates