Hudson Pacific Properties Management

Management criteria checks 2/4

Hudson Pacific Properties' CEO is Victor Coleman, appointed in Jun 2010, has a tenure of 13.92 years. total yearly compensation is $8.37M, comprised of 11.9% salary and 88.1% bonuses, including company stock and options. directly owns 1.7% of the company’s shares, worth €12.53M. The average tenure of the management team and the board of directors is 6.5 years and 6 years respectively.

Key information

Victor Coleman

Chief executive officer

US$8.4m

Total compensation

CEO salary percentage	11.9%
CEO tenure	13.9yrs
CEO ownership	1.7%
Management average tenure	6.5yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Victor Coleman's remuneration changed compared to Hudson Pacific Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$224m
Dec 31 2023	US$8m	US$1m	-US$192m
Sep 30 2023	n/a	n/a	-US$106m
Jun 30 2023	n/a	n/a	-US$86m
Mar 31 2023	n/a	n/a	-US$57m
Dec 31 2022	US$7m	US$1m	-US$56m
Sep 30 2022	n/a	n/a	-US$36m
Jun 30 2022	n/a	n/a	-US$28m
Mar 31 2022	n/a	n/a	-US$19m
Dec 31 2021	US$11m	US$950k	US$6m
Sep 30 2021	n/a	n/a	-US$10m
Jun 30 2021	n/a	n/a	-US$7m
Mar 31 2021	n/a	n/a	-US$5m
Dec 31 2020	US$9m	US$950k	US$383k
Sep 30 2020	n/a	n/a	US$22m
Jun 30 2020	n/a	n/a	US$87m
Mar 31 2020	n/a	n/a	US$93m
Dec 31 2019	US$9m	US$850k	US$43m
Sep 30 2019	n/a	n/a	US$46m
Jun 30 2019	n/a	n/a	US$4m
Mar 31 2019	n/a	n/a	US$10m
Dec 31 2018	US$6m	US$825k	US$98m
Sep 30 2018	n/a	n/a	US$115m
Jun 30 2018	n/a	n/a	US$108m
Mar 31 2018	n/a	n/a	US$96m
Dec 31 2017	US$6m	US$725k	US$68m

Compensation vs Market: Victor's total compensation ($USD8.37M) is above average for companies of similar size in the German market ($USD1.18M).

Compensation vs Earnings: Victor's compensation has increased whilst the company is unprofitable.

CEO

Victor Coleman (61 yo)

13.9yrs

Tenure

US$8,369,679

Compensation

Mr. Victor J. Coleman has been the Chairman and Chief Executive Officer of Hudson Pacific Properties, Inc. since June 2010 and served as its President. Mr. Coleman serves as the Chairman, Chief Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Victor Coleman	Chairman & CEO	13.9yrs	US$8.37m	1.7% $ 12.5m
Mark Lammas	President & Treasurer	13.9yrs	US$4.13m	0.49% $ 3.6m
Harout Diramerian	Chief Financial Officer	4.3yrs	US$1.89m	0.15% $ 1.1m
Kay Tidwell	Executive VP	13.5yrs	US$1.84m	0.16% $ 1.2m
Arthur Suazo	Executive Vice President of Leasing	8.8yrs	US$2.06m	0.21% $ 1.5m
Steven Jaffe	Executive Vice President of Business Affairs	8.7yrs	US$1.84m	0.12% $ 846.3k
Andy Wattula	Chief Operating Officer	1.6yrs	no data	0.034% $ 249.6k
Drew Gordon	Chief Investment Officer	1.6yrs	no data	0.066% $ 487.6k
Eunice Wong	Senior Vice President of Accounting	1.2yrs	no data	no data
Laura Campbell	Executive Vice President of Investor Relations & Marketing	no data	no data	no data
Laura Murray	Director of Communications	no data	no data	no data
Sean Griffin	Senior Vice President of Studio Sales & Business Development	1.3yrs	no data	no data

6.5yrs

Average Tenure

56yo

Average Age

Experienced Management: HP9's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Victor Coleman	Chairman & CEO	13.9yrs	US$8.37m	1.7% $ 12.5m
Robert Harris	Independent Director	less than a year	US$232.50k	0.030% $ 219.7k
Barry Sholem	Independent Director	1.2yrs	no data	0.037% $ 270.9k
Christy Haubegger	Independent Director	5.2yrs	US$205.00k	0.0082% $ 60.4k
Theodore Antenucci	Lead Independent Director	13.9yrs	US$231.66k	0.041% $ 304.3k
Andrea Wong	Independent Director	6.8yrs	US$202.50k	0.013% $ 98.4k
Jonathan Glaser	Independent Director	13.9yrs	US$202.50k	0.24% $ 1.8m
Michael Nash	Independent Director	less than a year	US$119.25k	no data
Mark Linehan	Independent Director	13.9yrs	US$215.00k	0.024% $ 177.0k
Ebs Burnough	Independent Director	2.2yrs	US$173.65k	0.0017% $ 12.6k

6.0yrs

Average Tenure

60.5yo

Average Age

Experienced Board: HP9's board of directors are considered experienced (6 years average tenure).

Hudson Pacific Properties Management

Management criteria checks 2/4

Key information

Recent management updates

Hudson Pacific Properties, Inc., Annual General Meeting, May 15, 2024

Independent Director recently bought €495k worth of stock

Hudson Pacific Properties, Inc. Announces Board Changes

Hudson Pacific Properties, Inc. Announces Board Changes

Hudson Pacific Properties, Inc. Announces Board Changes

Hudson Pacific Appoints Robert Harris to Board of Directors

Recent updates

First quarter 2024 earnings released: US$0.37 loss per share (vs US$0.14 loss in 1Q 2023)

Now 20% undervalued after recent price drop

Hudson Pacific Properties, Inc., Annual General Meeting, May 15, 2024

Hudson Pacific Properties Reinstates Common Stock Quarterly Dividend, Payable on March 28, 2024

Final dividend of US$0.05 announced

Hudson Pacific Properties Reinstates Common Stock Quarterly Dividend, Payable on March 28, 2024

Independent Director recently bought €495k worth of stock

Full year 2023 earnings released: US$1.36 loss per share (vs US$0.39 loss in FY 2022)

Hudson Pacific Properties, Inc. Announces Board Changes

Hudson Pacific Properties, Inc. to Report Q4, 2023 Results on Feb 12, 2024

Hudson Pacific Properties, Inc. Announces Board Changes

Hudson Pacific Properties, Inc. Announces Board Changes

Hudson Pacific Appoints Robert Harris to Board of Directors

Third quarter 2023 earnings released: US$0.27 loss per share (vs US$0.12 loss in 3Q 2022)

Hudson Pacific Properties, Inc. Provides Financial Guidance for the Year 2023

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Hudson Pacific Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023

An unknown buyer acquired 3401 Exposition, 63,376 Square Feet Property from Hudson Pacific Properties, Inc. (NYSE:HPP).

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.052 loss in 2Q 2022)

Now 21% undervalued after recent price drop

Hudson Pacific Properties, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Hudson Pacific Properties, Inc.(NYSE:HPP) dropped from Russell 1000 Dynamic Index

Hudson Pacific Properties, Inc. Declares Dividend for the Second Quarter of 2023, Payable on June 30, 2023

First quarter 2023 earnings released: US$0.14 loss per share (vs US$0.13 loss in 1Q 2022)

Now 22% undervalued after recent price drop

Chief Investment Officer recently bought €138k worth of stock

Now 25% undervalued after recent price drop

Full year 2022 earnings released: US$0.24 loss per share (vs US$0.04 profit in FY 2021)

Hudson Pacific Properties, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Hudson Pacific Properties, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on December 29, 2022

Chairman & CEO recently bought €94k worth of stock

Third quarter 2022 earnings released: US$0.12 loss per share (vs US$0.061 loss in 3Q 2021)

Hudson Pacific Properties, Inc. Announces Executive Promotions

President & Treasurer recently bought €57k worth of stock

Hudson Pacific Properties, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Independent Director recently bought €246k worth of stock

Hudson Pacific Properties Declares Third Quarter 2022 Dividends, to Be Paid on September 29, 2022

Hudson Pacific Properties, Inc. (NYSE:HPP) acquired Quixote Studios LLC for approximately $360 million.

Independent Director recently bought €69k worth of stock

Second quarter 2022 earnings released: FFO: US$253.2m per share (vs US$0.48 in 2Q 2021)

Hudson Pacific Properties, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Hudson Pacific Properties Declares Dividends on Common Stock for Second Quarter 2022, Payable on June 30, 2022

First quarter 2022 earnings released: US$0.094 loss per share (vs US$0.033 profit in 1Q 2021)

Hudson Pacific Properties, Inc. Launches New Impact Investing Platform, EquiBlue, to Promote Upward Economic Mobility for Women and People of Color

Hudson Pacific Properties, Inc., Annual General Meeting, May 19, 2022

Hudson Pacific Properties, Inc. to Report Q1, 2022 Results on Apr 27, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Hudson Pacific Properties, Inc. (NYSE:HPP) acquired 5th and Bell Building and 25,440 Square Feet of Vacant Commercial Space in Seattle from Alexandria Real Estate Equities, Inc. (NYSE:ARE) for approximately $120 million.

Insider recently sold €321k worth of stock

Third quarter 2021 earnings released: US$0.058 loss per share (vs US$0.035 loss in 3Q 2020)

Hudson Pacific Properties, Inc. (NYSE:HPP) acquired Star Waggons, Inc.

Insider recently sold €246k worth of stock

Independent Director recently bought €110k worth of stock

Second quarter 2021 earnings released: EPS US$0.015 (vs US$0.024 in 2Q 2020)

Independent Director has left the company

Consultant has left the company

First quarter 2021 earnings released: EPS US$0.033 (vs US$0.07 in 1Q 2020)

Independent Director recently sold €105k worth of stock

Hudson Pacific Properties, Inc., Annual General Meeting, May 20, 2021

New 90-day high: €23.40

Hudson Pacific Properties, Inc. Signs Nearly 300,000 Square Feet of Leases Across the San Francisco Peninsula and Silicon Valley

Hudson Pacific Properties Appoints Disney Executive as Senior Vice President of Global Studios, Announces Executive Promotions

Full year 2020 earnings released: FFO US$1.85 per share (vs US$2.04 in FY 2019)

Revenue beats expectations

Hudson Pacific Properties, Inc. Announces Executive Resignations

Hudson Pacific Properties, Inc. Announces Management Changes

Hudson Pacific Properties, Inc. to Report Q4, 2020 Results on Feb 17, 2021