NYSE:HPPOffice REITs
Hudson Pacific Properties (HPP) Stock Rallies On Core FFO Rebound Despite Wider Losses
Hudson Pacific Properties stock jumped 7.1% to US$14.97 after the Q2 release, a sharp move for a company that came into today with a flat week and a tough recent track record. The headline was not earnings per share. The market latched on to a different story. Core funds from operations, or core FFO, nearly tripled to US$23.1 million and management nudged full year core FFO guidance higher.
The short term price pop is about relief and renewed confidence. The bigger question for you is whether...