Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development.
Hudson Pacific Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$26.24|
|52 Week High||US$18.62|
|52 Week Low||US$30.35|
|1 Month Change||1.78%|
|3 Month Change||-6.49%|
|1 Year Change||18.36%|
|3 Year Change||-17.28%|
|5 Year Change||-20.65%|
|Change since IPO||50.81%|
Recent News & Updates
|HPP||US REITs||US Market|
Return vs Industry: HPP underperformed the US REITs industry which returned 36.1% over the past year.
Return vs Market: HPP underperformed the US Market which returned 33% over the past year.
Stable Share Price: HPP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HPP's weekly volatility (3%) has been stable over the past year.
About the Company
Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP, and listed as a component of the S&P MidCap 400 Index.
Hudson Pacific Properties Fundamentals Summary
|HPP fundamental statistics|
Is HPP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HPP income statement (TTM)|
|Cost of Revenue||US$313.54m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.045|
|Net Profit Margin||-0.82%|
How did HPP perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is Hudson Pacific Properties undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: HPP ($26.24) is trading above our estimate of fair value ($25.23)
Significantly Below Fair Value: HPP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HPP is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: HPP is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HPP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HPP is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (2x).
How is Hudson Pacific Properties forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HPP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: HPP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HPP's is expected to become profitable in the next 3 years.
Revenue vs Market: HPP's revenue (6.2% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: HPP's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HPP's Return on Equity is forecast to be low in 3 years time (1.5%).
How has Hudson Pacific Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HPP is currently unprofitable.
Growing Profit Margin: HPP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HPP is unprofitable, and losses have increased over the past 5 years at a rate of 6.2% per year.
Accelerating Growth: Unable to compare HPP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HPP is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).
Return on Equity
High ROE: HPP has a negative Return on Equity (0.34%), as it is currently unprofitable.
How is Hudson Pacific Properties's financial position?
Financial Position Analysis
Short Term Liabilities: HPP's short term assets ($453.2M) exceed its short term liabilities ($262.5M).
Long Term Liabilities: HPP's short term assets ($453.2M) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: HPP's debt to equity ratio (90.5%) is considered high.
Reducing Debt: HPP's debt to equity ratio has increased from 64.5% to 90.5% over the past 5 years.
Debt Coverage: HPP's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: HPP's interest payments on its debt are not well covered by EBIT (1x coverage).
What is Hudson Pacific Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HPP's dividend (3.81%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: HPP's dividend (3.81%) is in the top 25% of dividend payers in the US market (3.65%)
Stability and Growth of Payments
Stable Dividend: HPP's dividends per share have been stable in the past 10 years.
Growing Dividend: HPP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.3%), HPP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HPP's dividends in 3 years are forecast to be well covered by earnings (46.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Victor Coleman (59 yo)
Mr. Victor J. Coleman has been the Chairman and Chief Executive Officer of Hudson Pacific Properties, Inc. since June 2010 and served as its President. Mr. Coleman serves as the Chairman, Chief Executive O...
CEO Compensation Analysis
Compensation vs Market: Victor's total compensation ($USD9.49M) is above average for companies of similar size in the US market ($USD5.25M).
Compensation vs Earnings: Victor's compensation has increased whilst the company is unprofitable.
Experienced Management: HPP's management team is seasoned and experienced (7.7 years average tenure).
Experienced Board: HPP's board of directors are seasoned and experienced ( 11.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HPP insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hudson Pacific Properties, Inc.'s employee growth, exchange listings and data sources
- Name: Hudson Pacific Properties, Inc.
- Ticker: HPP
- Exchange: NYSE
- Founded: 2006
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$4.032b
- Market Cap: US$3.996b
- Shares outstanding: 153.67m
- Website: https://www.hudsonpacificproperties.com
Number of Employees
- Hudson Pacific Properties, Inc.
- 11601 Wilshire Boulevard
- 9th Floor
- Los Angeles
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 00:20|
|End of Day Share Price||2021/09/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.