Announcement • Jun 25
Hudson Pacific Properties, Inc. to Report Q2, 2026 Results on Aug 05, 2026 Hudson Pacific Properties, Inc. announced that they will report Q2, 2026 results on Aug 05, 2026 Announcement • Jun 24
Hudson Pacific Properties, Inc. Announces Resignation of Andrew Wattula from Chief Operating Officer Hudson Pacific Properties, Inc. reported that Andrew Wattula, Chief Operating Officer, notified the company of his resignation on June 18, 2026. Mr. Wattula joined the company in 2017 and previously served in prior roles at the company before being appointed Chief Operating Officer in 2021. Mr. Wattula's decision to resign was not related to any financial or accounting issue or any disagreement with the company on any matter relating to the company's operations, policies or practices. Mr. Wattula's duties and responsibilities have been reassigned to existing executive officers and other management personnel at the company while the company considers potentially backfilling his role. Announcement • Apr 30
Hudson Pacific Properties, Inc.'s Quixote Commences Phased Wind-Down of Leased Sound Stage Facilities and Atlanta-Area Operations Hudson Pacific Properties, Inc. announced that its Quixote subsidiaries will commence the phased wind-down of leased sound stage facilities and Atlanta-area operations, along with other ongoing cost optimization efforts. Select equipment assets are expected to be redeployed from Atlanta to Los Angeles and New York where Quixote’s fleet, lighting and grip, production supplies and communications rental services will continue. These actions, which will take place over the coming quarters to minimize disruption for Quixote clients, represent another approximately $21-$27 million in potential annualized cost savings. Announcement • Apr 24
Hudson Pacific Properties, Inc., Annual General Meeting, May 28, 2026 Hudson Pacific Properties, Inc., Annual General Meeting, May 28, 2026. Location: 11601 wilshire boulevard, ninth floor, california 90025, los angeles United States Announcement • Mar 26
Hudson Pacific Properties, Inc. to Report Q1, 2026 Results on May 07, 2026 Hudson Pacific Properties, Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Announcement • Jan 15
Hudson Pacific Properties, Inc. to Report Q4, 2025 Results on Feb 26, 2026 Hudson Pacific Properties, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 26, 2026 Announcement • Dec 03
Hudson Pacific Properties Announces Board and Committees Changes, Effective December 2, 2025 Hudson Pacific Properties, Inc. announced that on December 2, 2025, Mr. Jonathan Glaser notified the board of directors of Hudson Pacific Properties, Inc. of his resignation from the Board after 15 years of service, effective immediately, due to his desire to devote more of his time to other professional commitments. In tendering his resignation, Mr. Glaser expressed no disagreement with the Company. On December 2, 2025, the Board voted to appoint Mr. Jon Bortz as Mr. Glaser’s successor, effective immediately. Mr. Bortz will serve on the Audit and Compensation Committees of the Board, also succeeding Mr. Glaser in those roles. Mr. Bortz is Founder, Chairman of the Board, and Chief Executive Officer of Pebblebrook Hotel Trust and Founder and Chairman of Curator Hotel & Resort Collection. Mr. Bortz was Founder and served as President, Chief Executive Officer and a Trustee of LaSalle Hotel Properties, a publicly traded hotel REIT, from its formation in April 1998 until his retirement in September 2009. In addition, he served as Chairman of the Board of LaSalle Hotel Properties from January 1, 2001 until his retirement. Prior to forming LaSalle Hotel Properties, Mr. Bortz founded the Hotel Investment Group of Jones Lang LaSalle Incorporated in January 1994 and as its President oversaw all of Jones Lang LaSalle’s hotel investment and development activities. From January 1995 to April 1998, as Managing Director of Jones Lang LaSalle’s Investment Advisory Division, he was also responsible for certain East Coast development projects. From January 1990 to 1995, he was a Senior Vice President of Jones Lang LaSalle’s Investment Division, with responsibility for East Coast development projects and workouts. Mr. Bortz joined Jones Lang LaSalle in 1981. He currently serves as member of the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT, and served on the board of trustees for Federal Realty Investment Trust. Announcement • Nov 06
Hudson Pacific Properties, Inc. (NYSE:HPP) acquired 45% stake in 285,680-square-foot, Class-A office tower in Seattle from Canada Pension Plan Investment Board for $46.9 million. Hudson Pacific Properties, Inc. (NYSE:HPP) acquired 45% stake in 285,680-square-foot, Class-A office tower in Seattle from Canada Pension Plan Investment Board for $46.9 million in the quarter ending September 30, 2025. In consideration for which Hudson Pacific Properties, Inc assumed the partner’s $45.5 million share of the joint venture’s debt and received $1.4 million of cash on hand.
Hudson Pacific Properties, Inc. (NYSE:HPP) completed the acquisition of 45% stake in 285,680-square-foot, Class-A office tower in Seattle from Canada Pension Plan Investment Board in the quarter ending September 30, 2025. Announcement • Nov 05
Hudson Pacific Properties, Inc. Updates Earnings Guidance for the Full Year 2025 Hudson Pacific Properties, Inc. updated earnings guidance for the full year 2025. For the year, the company expected GAAP non-cash revenue (straight-line rent and above/below-market rents) of $3,000,000 to $8,000,000. Announcement • Sep 29
Hudson Pacific Properties, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Hudson Pacific Properties, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 05, 2025 Announcement • Sep 15
Hudson Pacific Properties, Inc. Announces Board Changes, Effective September 11, 2025 Hudson Pacific Properties, Inc. announced that on September 11, 2025, Mr. Mark Linehan resigned from the Board, effective September 11, 2025, to devote more time to other professional commitments. Mr. Linehan expressed no disagreement with the Company. On the same day, the Board appointed Mr. T. Ritson Ferguson as Mr. Linehan’s successor, effective immediately. Mr. Ferguson will serve on the Audit Committee of the Board, and Mr. Michael Nash will succeed Mr. Linehan as Chair of the Audit Committee. Mr. Ferguson is the Lead Trustee of the Board of CBRE Global Real Estate Income Fund and a member of the investment committees for CBRE Investment Management Listed Real Assets. He served as Vice Chairman of CBREIM Listed Real Assets from 2021 to 2022. Prior to that role, Mr. Ferguson acted as Chief Executive Officer and Chief Investment Officer of the business until 2020, responsible for the management and investment decision-making of the firm’s global range of listed and unlisted real estate and infrastructure program offerings. Announcement • Aug 06
Hudson Pacific Properties, Inc. Updates Earnings Guidance for the Year 2025 Hudson Pacific Properties, Inc. updated earnings guidance for the year 2025. For the period, the company expects GAAP non-cash revenue (straight-line rent and above/below-market rents) $5,500,000 to $10,500,000. Announcement • Jul 01
Hudson Pacific Properties, Inc. Announces Board and Committee Changes, Effective June 25, 2025 In connection with Hudson Pacific Properties, Inc.’s (Company) previously announced initiative to reduce annual general and administrative expenses, on June 25, 2025, Mr. Ebs Burnough and Ms. Christy Haubegger each resigned from the Board, effective June 25, 2025. In tendering their resignations, Mr. Burnough and Ms. Haubegger expressed no disagreement with the Company. Following the foregoing resignations, the Board voted to reduce the size of the Board from ten to eight members. On June 25, 2025, upon the recommendation of the Nominating and Governance Committee, the Board appointed existing directors Mr. Theodore Antenucci and Mr. Jonathan Glaser to serve on the Compensation Committee of the Board. Announcement • Jun 24
Hudson Pacific Properties, Inc. to Report Q2, 2025 Results on Aug 05, 2025 Hudson Pacific Properties, Inc. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • Apr 25
Hudson Pacific Properties, Inc., Annual General Meeting, May 14, 2025 Hudson Pacific Properties, Inc., Annual General Meeting, May 14, 2025. Location: 11601 wilshire boulevard, ninth floor, california 90025, los angeles United States Announcement • Mar 26
Hudson Pacific Properties, Inc. to Report Q1, 2025 Results on May 07, 2025 Hudson Pacific Properties, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Feb 21
Hudson Pacific Properties, Inc. Provides Financial Guidance for the Year 2025 Hudson Pacific Properties, Inc. provided financial guidance for the year 2025. For the year, the company expects GAAP non-cash revenue (straight-line rent and above/below-market rents) to be $10,000,000 to $15,000,000. Announcement • Jan 09
Hudson Pacific Properties, Inc. to Report Q4, 2024 Results on Feb 20, 2025 Hudson Pacific Properties, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Announcement • Dec 12
Hudson Pacific Properties, Inc. Completes Sale of Palo Alto Office Property Hudson Pacific Properties, Inc. announced that it has closed on the sale of a non-core Palo Alto office property, 3176 Porter, for $24.8 million before prorations and closing costs. The company used net proceeds to repay amounts outstanding on its unsecured revolving credit facility. As previously announced, the company also has under contract the sale of a second non-core Palo Alto office property, Foothill Research Center, that is targeted to close in first quarter 2025. Reported Earnings • Nov 13
Third quarter 2024 earnings released: US$0.69 loss per share (vs US$0.27 loss in 3Q 2023) Third quarter 2024 results: US$0.69 loss per share (further deteriorated from US$0.27 loss in 3Q 2023). Revenue: US$200.4m (down 13% from 3Q 2023). Net loss: US$97.9m (loss widened 160% from 3Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Announcement • Nov 13
Hudson Pacific Properties, Inc. Provides Unaudited Financial Guidance for the Year 2024 Hudson Pacific Properties, Inc. provided unaudited financial guidance for the year 2024. For the year, the company expects GAAP non-cash revenue (straight-line rent and above/below-market rents) to be negative $14,500,000 to negative $9,500,000. Announcement • Oct 01
Hudson Pacific Properties, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Hudson Pacific Properties, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Buy Or Sell Opportunity • Aug 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €4.22. The fair value is estimated to be €5.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 98%. Revenue is forecast to grow by 6.1% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Reported Earnings • Aug 08
Second quarter 2024 earnings released: US$0.33 loss per share (vs US$0.26 loss in 2Q 2023) Second quarter 2024 results: US$0.33 loss per share (further deteriorated from US$0.26 loss in 2Q 2023). Revenue: US$218.0m (down 11% from 2Q 2023). Net loss: US$47.0m (loss widened 30% from 2Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Hudson Pacific Properties, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Hudson Pacific Properties, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 07, 2024 Upcoming Dividend • Jun 10
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 27 June 2024. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.2%). Declared Dividend • May 27
Dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 17th June 2024 Payment date: 27th June 2024 Dividend yield will be 2.3%, which is lower than the industry average of 5.8%. Recent Insider Transactions • May 26
Chairman & CEO recently sold €478k worth of stock On the 22nd of May, Victor Coleman sold around 100k shares on-market at roughly €4.78 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €676k. Victor has been a net seller over the last 12 months, reducing personal holdings by €1.2m. Announcement • May 22
Hudson Pacific Properties, Inc. Declares Dividend for the Second Quarter of 2024, Payable on June 27, 2024 Hudson Pacific Properties, Inc. announced that its board of directors has declared dividends for the second quarter of 2024 on its common stock of $0.05 per share, equivalent to an annual rate of $0.20 per share. The dividend will be paid on June 27, 2024 to stockholders of record on June 17, 2024. Recent Insider Transactions • May 17
Chairman & CEO recently sold €676k worth of stock On the 14th of May, Victor Coleman sold around 128k shares on-market at roughly €5.29 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Victor's only on-market trade for the last 12 months. Buy Or Sell Opportunity • May 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to €5.22. The fair value is estimated to be €6.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 104%. Revenue is forecast to grow by 8.2% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Reported Earnings • May 02
First quarter 2024 earnings released: US$0.37 loss per share (vs US$0.14 loss in 1Q 2023) First quarter 2024 results: US$0.37 loss per share (further deteriorated from US$0.14 loss in 1Q 2023). Revenue: US$214.0m (down 15% from 1Q 2023). Net loss: US$52.2m (loss widened 156% from 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to €5.37. The fair value is estimated to be €6.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Announcement • Mar 11
Hudson Pacific Properties Reinstates Common Stock Quarterly Dividend, Payable on March 28, 2024 Hudson Pacific Properties, Inc. announced that its Board of Directors has reinstated and declared a dividend for the first quarter of 2024 on its common stock of $0.05 per share, equivalent to an annual rate of $0.20. The dividend will be paid on March 28, 2024 to stockholders of record on March 18, 2024. Declared Dividend • Mar 11
Final dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 15th March 2024 Payment date: 28th March 2024 Dividend yield will be 2.7%, which is lower than the industry average of 5.8%. Recent Insider Transactions • Feb 23
Independent Director recently bought €495k worth of stock On the 22nd of February, Barry Sholem bought around 80k shares on-market at roughly €6.18 per share. This transaction increased Barry's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €710k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 13
Full year 2023 earnings released: US$1.36 loss per share (vs US$0.39 loss in FY 2022) Full year 2023 results: US$1.36 loss per share (further deteriorated from US$0.39 loss in FY 2022). Revenue: US$952.3m (down 7.3% from FY 2022). Net loss: US$192.2m (loss widened 240% from FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Jan 19
Hudson Pacific Properties, Inc. Announces Board Changes Hudson Pacific Properties, Inc. reported that Michael Nash has been appointed to the company's Board of Directors, as of January 1, 2024. The company announced that Nash will succeed outgoing board member Richard "Rocky" Fried, who will retire from the company's Board at the end of the year. Nash is the Co-Founder and Chairman of Blackstone Real Estate Debt Strategies. He is a member of the Real Estate Investment Committee for both Blackstone Real Estate Debt Strategies and Blackstone Real Estate Advisors, and he is also Executive Chairman of Blackstone Mortgage Trust, a NYSE listed REIT. Prior to Blackstone, Nash led Merrill Lynch's Real Estate Principal Investment Group - Americas. He also served on Hudson Pacific's Board of Directors from 2015 to 2019. Announcement • Jan 11
Hudson Pacific Properties, Inc. to Report Q4, 2023 Results on Feb 12, 2024 Hudson Pacific Properties, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 12, 2024 Announcement • Dec 08
Hudson Pacific Properties, Inc. Announces Board Changes Hudson Pacific Properties, Inc. announced that Michael Nash has been appointed to the company’s Board of Directors effective January 1, 2024. Mr. Nash will serve on the Audit Committee and the Investment Committee of the Board. Nash will succeed outgoing board member Richard B. “Rocky” Fried, who will retire from the company’s Board effective December 31, 2023. Nash is the Co-Founder and Chairman of Blackstone Real Estate Debt Strategies. He is a member of the Real Estate Investment Committee for both Blackstone Real Estate Debt Strategies and Blackstone Real Estate Advisors, and he is also Executive Chairman of Blackstone Mortgage Trust. Prior to Blackstone, Nash led Merrill Lynch’s Real Estate Principal Investment Group – Americas. He also served on Hudson Pacific’s Board of Directors from 2015 to 2019. Announcement • Nov 14
Hudson Pacific Appoints Robert Harris to Board of Directors Hudson Pacific Properties, Inc. announced that Robert “Chip” Harris II has been appointed to the company’s Board of Directors effective November 8, 2023. Harris succeeds outgoing board member Karen Brodkin. Harris previously served as Chairman of Acacia Research Corporation, a publicly listed company focused on acquiring and operating industrial, healthcare, energy and mature technology businesses. Prior to that, Harris founded and served as President of Entertainment Properties Trust, a publicly listed entertainment, recreation and specialty real estate company. He has also held executive leadership positions at AMC Entertainment and Carlton Browne and Company, Inc. Harris has previously served on Hudson Pacific’s Board, as well as the boards of the George L. Graziadio School of Business and Management at Pepperdine University, CombiMatrix Corporation, True Religion Brand Jeans, the USA Volleyball Foundation and Imperial Bancorp. Announcement • Nov 02
Hudson Pacific Properties, Inc. Provides Financial Guidance for the Year 2023 Hudson Pacific Properties, Inc. provided financial guidance for the year 2023. For the year, the company expects GAAP non-cash revenue (straight-line rent and above/below-market rents) to be $13,500,000 to $23,500,000. Reported Earnings • Nov 02
Third quarter 2023 earnings released: US$0.27 loss per share (vs US$0.12 loss in 3Q 2022) Third quarter 2023 results: US$0.27 loss per share (further deteriorated from US$0.12 loss in 3Q 2022). Revenue: US$231.4m (down 11% from 3Q 2022). Net loss: US$37.6m (loss widened 118% from 3Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. New Risk • Oct 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings are forecast to decline by an average of 6.0% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Sep 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Sep 28
Hudson Pacific Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Hudson Pacific Properties, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 New Risk • Aug 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 02
Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.052 loss in 2Q 2022) Second quarter 2023 results: US$0.22 loss per share (further deteriorated from US$0.052 loss in 2Q 2022). Revenue: US$245.2m (down 3.2% from 2Q 2022). Net loss: US$30.7m (loss widened 312% from 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Buying Opportunity • Jul 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €5.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 1.0% in 2 years. Earnings is forecast to decline by 77% in the next 2 years. Announcement • Jul 04
Hudson Pacific Properties, Inc. to Report Q2, 2023 Results on Aug 01, 2023 Hudson Pacific Properties, Inc. announced that they will report Q2, 2023 results After-Market on Aug 01, 2023 Announcement • Jun 25
Hudson Pacific Properties, Inc.(NYSE:HPP) dropped from Russell 1000 Dynamic Index Hudson Pacific Properties, Inc.(NYSE:HPP) dropped from Russell 1000 Dynamic Index Announcement • Jun 10
Hudson Pacific Properties, Inc. Declares Dividend for the Second Quarter of 2023, Payable on June 30, 2023 Hudson Pacific Properties, Inc. announced its Board of Directors has declared a dividend for the second quarter of 2023 on its common stock of $0.125 per share, equivalent to an annual rate of $0.50 per share, which compares to the Company’s previous quarterly dividend on its common stock of $0.25 per share. Dividend will be paid on June 30, 2023 to stockholders of record on June 20, 2023. Reported Earnings • May 09
First quarter 2023 earnings released: US$0.14 loss per share (vs US$0.13 loss in 1Q 2022) First quarter 2023 results: US$0.14 loss per share (further deteriorated from US$0.13 loss in 1Q 2022). Revenue: US$252.3m (up 3.0% from 1Q 2022). Net loss: US$20.4m (loss widened 3.2% from 1Q 2022). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Buying Opportunity • Apr 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be €7.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is forecast to decline by 9.8% per annum over the same time period. Recent Insider Transactions • Mar 30
Chief Investment Officer recently bought €138k worth of stock On the 27th of March, Drew Gordon bought around 25k shares on-market at roughly €5.53 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €939k more in shares than they have sold in the last 12 months. Buying Opportunity • Mar 18
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be €7.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings is forecast to decline by 9.9% per annum over the same time period. Reported Earnings • Feb 09
Full year 2022 earnings released: US$0.24 loss per share (vs US$0.04 profit in FY 2021) Full year 2022 results: US$0.24 loss per share (down from US$0.04 profit in FY 2021). Revenue: US$1.03b (up 14% from FY 2021). Net loss: US$34.3m (down US$40.3m from profit in FY 2021). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Jan 10
Hudson Pacific Properties, Inc. to Report Q4, 2022 Results on Feb 08, 2023 Hudson Pacific Properties, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 08, 2023 Recent Insider Transactions • Dec 08
Chairman & CEO recently bought €94k worth of stock On the 6th of December, Victor Coleman bought around 9k shares on-market at roughly €10.10 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €246k. This was Victor's only on-market trade for the last 12 months. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$0.12 loss per share (vs US$0.061 loss in 3Q 2021) Third quarter 2022 results: US$0.12 loss per share (further deteriorated from US$0.061 loss in 3Q 2021). Revenue: US$260.4m (up 14% from 3Q 2021). Net loss: US$17.3m (loss widened 86% from 3Q 2021). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Oct 04
President & Treasurer recently bought €57k worth of stock On the 30th of September, Mark Lammas bought around 5k shares on-market at roughly €11.33 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €246k. This was Mark's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 23
Independent Director recently bought €246k worth of stock On the 20th of September, Jonathan Glaser bought around 20k shares on-market at roughly €12.29 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €142k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 11
Independent Director recently bought €69k worth of stock On the 5th of August, Jonathan Glaser bought around 5k shares on-market at roughly €13.73 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €299k more in shares than they bought in the last 12 months. Reported Earnings • Jul 28
Second quarter 2022 earnings released: FFO: US$253.2m per share (vs US$0.48 in 2Q 2021) Second quarter 2022 results: FFO: US$253.2m per share. Revenue: US$253.2m (up 17% from 2Q 2021). Funds from operations (FFO): US$73.0m (flat on 2Q 2021). FFO margin: 29% (down from 34% in 2Q 2021). Over the next year, revenue is forecast to grow 4.4%, compared to a 2.1% growth forecast for the industry in Germany. Reported Earnings • Apr 28
First quarter 2022 earnings released: US$0.094 loss per share (vs US$0.033 profit in 1Q 2021) First quarter 2022 results: US$0.094 loss per share (down from US$0.033 profit in 1Q 2021). Revenue: US$244.5m (up 14% from 1Q 2021). Net loss: US$14.1m (down 382% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 7.8% while the industry in Germany is not expected to grow. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: FFO: US$898.7m per share (up from US$1.85 in FY 2020). Revenue: US$898.7m (up 12% from FY 2020). Funds from operations (FFO): US$293.7m (up 3.5% from FY 2020). FFO margin: 33% (down from 35% in FY 2020). Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 7.5% while thereits industry in Germany is not expected to grow. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 23
Insider recently sold €321k worth of stock On the 14th of December, Christopher Barton sold around 15k shares on-market at roughly €21.85 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.2m more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2021 earnings released: US$0.058 loss per share (vs US$0.035 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$227.6m (up 16% from 3Q 2020). Net loss: US$8.87m (loss widened 63% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 01
Insider recently sold €246k worth of stock On the 27th of August, Mark Wehrly sold around 11k shares on-market at roughly €22.38 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Recent Insider Transactions • Aug 15
Independent Director recently bought €110k worth of stock On the 12th of August, Barry Porter bought around 5k shares on-market at roughly €22.68 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.9m more in shares than they bought in the last 12 months. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS US$0.015 (vs US$0.024 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$215.6m (up 8.3% from 2Q 2020). Net income: US$2.32m (down 37% from 2Q 2020). Profit margin: 1.1% (down from 1.9% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Executive Departure • May 27
Independent Director has left the company On the 21st of May, Robert Moran's tenure as Independent Director ended after 11.0 years in the role. As of March 2021, Robert personally held 51.85k shares (€1.2m worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 08
Consultant has left the company On the 7th of May, Alexander Vouvalides' tenure as Consultant ended after less than a year in the role. As of December 2020, Alexander personally held 114.01k shares (€2.2m worth at the time). Alexander is the only executive to leave the company over the last 12 months. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.033 (vs US$0.07 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$213.1m (up 3.5% from 1Q 2020). Net income: US$4.98m (down 54% from 1Q 2020). Profit margin: 2.3% (down from 5.2% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 22
Independent Director recently sold €105k worth of stock On the 17th of March, Jonathan Glaser sold around 4k shares on-market at roughly €23.66 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. Insiders have been net sellers, collectively disposing of €269k more than they bought in the last 12 months. Announcement • Mar 18
Hudson Pacific Properties, Inc., Annual General Meeting, May 20, 2021 Hudson Pacific Properties, Inc., Annual General Meeting, May 20, 2021, at 09:00 Pacific Standard Time. Is New 90 Day High Low • Mar 13
New 90-day high: €23.40 The company is up 11% from its price of €21.00 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.77 per share. Announcement • Mar 05
Hudson Pacific Properties, Inc. Signs Nearly 300,000 Square Feet of Leases Across the San Francisco Peninsula and Silicon Valley Hudson Pacific Properties, Inc. announced that year-to-date it has signed 296,475 square feet of new and renewal deals across the San Francisco Peninsula and Silicon Valley. In doing so, the company addressed it’s large 2021 expiration, Google’s 207,857-square-foot lease at 3400 Hillview in Palo Alto’s Stanford Research Park. The seven-year renewal lease will commence in December 2021. In mid-February, during Hudson Pacific’s fourth quarter 2020 earnings call, the company noted an uptick in leasing activity across its markets, citing a notable increase in small tenant activity along the San Francisco Peninsula and in Silicon Valley. The company signed 20 new and renewal leases in the fourth quarter totaling 143,000 square feet collectively in those markets, or about 53% of its total fourth quarter leasing activity. Announcement • Mar 03
Hudson Pacific Properties Appoints Disney Executive as Senior Vice President of Global Studios, Announces Executive Promotions Hudson Pacific Properties, Inc. announced the hiring of Jeff Stotland as Senior Vice President of Global Studios, and the promotions of Drew Gordon to Executive Vice President of California Office Operations and Andy Wattula to Executive Vice President of Pacific Northwest/Canada Office Operations. The new structure is designed to support a holistic approach to operations across regions and segments as the company prepares for future growth. As Senior Vice President of Global Studios, Stotland will lead the direction, growth and daily operations of Hudson Pacific’s studio portfolio, effective March 8, 2021. Stotland joins Hudson Pacific from Disney, where he served since 2014 as the Vice President of Strategy and Global Development with a focus on the Parks, Experiences and Products segment. In that role, he worked on a variety of new business initiatives, acquisitions, strategic planning, joint venture management and real estate development, both domestically and internationally. Prior to Disney, Stotland held a number of leadership positions in the aerospace and financial services industries. Reported Earnings • Feb 20
Full year 2020 earnings released: FFO US$1.85 per share (vs US$2.04 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$805.7m (down 1.4% from FY 2019). Funds from operations (FFO): US$283.6m (down 10% from FY 2019). FFO margin: 35% (down from 39% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 3.3%, compared to a 55% growth forecast for the REITs industry in Germany. Announcement • Feb 13
Hudson Pacific Properties, Inc. Announces Executive Resignations Hudson Pacific Properties, Inc. announced that On February 2, 2021, Alex Vouvalides, Chief Investment Officer and Chief Operating Officer, and Joshua Hatfield, EVP, Operations (together, the “Executives”) notified Company management of their resignations from the Company in order to pursue their own venture, each effective February 7, 2021. Announcement • Feb 09
Hudson Pacific Properties, Inc. Announces Management Changes Hudson Pacific Properties, Inc. announced that Chief Investment Officer Alexander Vouvalides and Executive Vice President Joshua Hatfield have resigned. Vouvalides and Hatfield are leaving Hudson Pacific to form their own company. Announcement • Jan 21
Hudson Pacific Properties, Inc. to Report Q4, 2020 Results on Feb 17, 2021 Hudson Pacific Properties, Inc. announced that they will report Q4, 2020 results After-Market on Feb 17, 2021 Announcement • Dec 23
Hudson Pacific Properties, Inc. (NYSE:HPP) and Canada Pension Plan Investment Board completed the acquisition of 668,000-Square-Foot Trophy Office Tower in Seattle. Hudson Pacific Properties, Inc. (NYSE:HPP) and Canada Pension Plan Investment Board entered into an agreement to acquire 668,000-Square-Foot Trophy Office Tower in Seattle for approximately $630 million on November 30, 2020. The purchase price excludes the closing adjustments. Canada Pension Plan Investment Board will own a 45% interest in the joint venture and Hudson Pacific will own 55% and act as general partner and as property, leasing and construction manager. The transaction is expected to close in the fourth quarter of 2020.
Hudson Pacific Properties, Inc. (NYSE:HPP) and Canada Pension Plan Investment Board completed the acquisition of 668,000-Square-Foot Trophy Office Tower in Seattle on December 22, 2020. In conjunction with closing the transaction, Hudson Pacific and Canada Pension Plan closed a $314.3 million mortgage loan secured by the property. Announcement • Dec 11
Hudson Pacific Properties, Inc. Appoints Karen Brodkin to Board of Directors Hudson Pacific Properties, Inc. announced that media and sports executive Karen Brodkin has been appointed to the company’s Board of Directors, effective January 1, 2021. Brodkin has held senior management positions at and advised leading media and entertainment companies throughout her career. She currently serves as Executive Vice President of Content Strategy and Development at Endeavor and Co-Head of WME Sports. In this role, she leads business development and strategy for a range of business areas across the Endeavor portfolio. Before joining Endeavor, Brodkin worked as an Executive Vice President of Business and Legal Affairs at FOX Sports Media Group and spent five years as an entertainment attorney at two Los Angeles-based entertainment firms. Announcement • Dec 01
Hudson Pacific Properties, Inc. (NYSE:HPP) and Canada Pension Plan Investment Board entered into an agreement to acquire 668,000-Square-Foot Trophy Office Tower in Seattle for approximately $630 million. Hudson Pacific Properties, Inc. (NYSE:HPP) and Canada Pension Plan Investment Board entered into an agreement to acquire 668,000-Square-Foot Trophy Office Tower in Seattle for approximately $630 million on November 30, 2020. The purchase price excludes the closing adjustments. Canada Pension Plan Investment Board will own a 45% interest in the joint venture and Hudson Pacific will own 55% and act as general partner and as property, leasing and construction manager. The transaction is expected to close in the fourth quarter of 2020. Is New 90 Day High Low • Oct 31
New 90-day low: €16.20 The company is down 18% from its price of €19.80 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.41 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total funds from operations (FFO) of US$315.7m, up 1.9% from the prior year. Total revenue was US$817.2m over the last 12 months, up 2.1% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 2.3% at US$196.3m. Revenue is expected to shrink by 2.5% over the next year, compared to a 128% growth forecast for the REITs industry in Germany. Is New 90 Day High Low • Oct 14
New 90-day low: €18.00 The company is down 13% from its price of €20.60 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.69 per share. 
