Hudson Pacific Properties Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Hudson Pacific Properties Inc reported revenue of $831.1M (-1.3% year on year) and net income of ($592.3M) (-55.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental revenues | $736.6M | $731.5M | $856.4M | $894.1M |
| Service and other revenues | $94.5M | $110.6M | $95.9M | $132.1M |
| Revenues | $831.1M | $842.1M | $952.3M | $1.0B |
| Operating expenses | $427.7M | $454.1M | $450.5M | $413.8M |
| General and administrative | $73.0M | $79.5M | $75.0M | $79.5M |
| Depreciation and amortization | $375.0M | $354.4M | $397.8M | $373.2M |
| Total operating expenses | $875.7M | $888.0M | $923.3M | $866.5M |
| Loss from unconsolidated real estate entities | ($67.0K) | ($7.3M) | ($3.9M) | $943.0K |
| Fee income | $5.4M | $5.3M | $6.2M | $8.0M |
| Interest expense | ($172.2M) | ($177.4M) | ($214.4M) | ($149.9M) |
| Interest income | $6.2M | $2.5M | $2.2M | $2.3M |
| Management services reimbursement income—unconsolidated real estate entities | $4.2M | $4.1M | $4.1M | $4.2M |
| Management services expense—unconsolidated real estate entities | ($4.2M) | ($4.1M) | ($4.1M) | ($4.2M) |
| Transaction-related expenses | ($590.0K) | ($2.5M) | $1.1M | ($14.4M) |
| Unrealized loss on non-real estate investments | ($3.0M) | ($4.0M) | ($3.1M) | ($1.4M) |
| Gain (loss) on sale of real estate, net | $5.7M | ($2.5M) | $103.2M | — |
| Impairment loss | ($299.3M) | ($149.7M) | ($60.2M) | ($28.5M) |
| Loss on deconsolidation of real estate entity | ($77.9M) | — | — | — |
| (Loss) gain on extinguishment of debt | ($10.5M) | $0 | $10.0M | $0 |
| Other (expense) income | ($1.8M) | $1.6M | ($6.0K) | $9.0M |
| Loss on sale of bonds | $0 | $0 | ($34.0M) | — |
| Total other expenses | ($548.0M) | ($333.9M) | ($192.9M) | ($176.2M) |
| Loss before income tax benefit (provision) | ($592.6M) | ($379.8M) | ($163.9M) | — |
| Income tax benefit (provision) | $273.0K | ($1.6M) | ($6.8M) | — |
| Net loss | ($592.3M) | ($381.4M) | ($170.7M) | ($16.5M) |
| Net income attributable to preferred units/share | ($20.6M) | ($20.8M) | ($20.8M) | ($21.0M) |
| Net income attributable to participating securities | $0 | ($409.0K) | ($850.0K) | ($1.2M) |
| Net loss attributable to non-controlling interest in consolidated real estate entities | $27.4M | $25.1M | $9.3M | ($23.4M) |
| Net loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities | $3.2M | $4.1M | ($12.5M) | $5.0M |
| Net loss attributable to common units in the operating partnership | $10.0M | $9.4M | $3.4M | $709.0K |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | ($572.2M) | ($364.1M) | ($192.2M) | ($56.5M) |
| Net loss attributable to common stockholders—basic (in dollars per share) | -$12.81 | -$2.58 | -$1.36 | — |
| Net loss attributable to common stockholders—diluted (in dollars per share) | -$12.81 | -$2.58 | -$1.36 | — |
| Weighted average shares of common stock outstanding—basic (in shares) | 44.7M | 141.2M | 141.0M | 143.7M |
| Weighted average shares of common stock outstanding—diluted (in shares) | 44.7M | 141.2M | 141.0M | 143.7M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental revenues | $163.1M | $159.0M | $161.9M | $164.4M |
| Service and other revenues | $25.2M | $22.8M | $24.8M | $25.6M |
| Revenues | $188.3M | $181.9M | $186.6M | $190.0M |
| Operating expenses | $103.7M | $101.5M | $104.0M | $108.1M |
| General and administrative | $12.0M | $12.6M | $13.7M | $27.8M |
| Depreciation and amortization | $82.1M | $80.7M | $94.1M | $94.8M |
| Total operating expenses | $197.8M | $194.8M | $211.8M | $230.6M |
| Loss from unconsolidated real estate entities | ($959.0K) | ($437.0K) | ($744.0K) | ($205.0K) |
| Fee income | $964.0K | $1.1M | $1.1M | $1.5M |
| Interest expense | ($38.5M) | ($38.0M) | ($41.7M) | ($48.1M) |
| Interest income | $566.0K | $1.6M | $2.2M | $2.1M |
| Management services reimbursement income—unconsolidated real estate entities | $1.1M | $1.1M | $1.1M | $1.1M |
| Management services expense—unconsolidated real estate entities | ($1.1M) | ($1.1M) | ($1.1M) | ($1.1M) |
| Transaction-related expenses | ($682.0K) | ($101.0K) | ($139.0K) | ($451.0K) |
| Unrealized (loss) gain on non-real estate investments | ($840.0K) | ($2.0M) | ($2.1M) | $212.0K |
| (Loss) gain on sale of real estate, net | $0 | $0 | $0 | ($16.0K) |
| Impairment loss | ($50.4M) | $0 | $0 | $0 |
| Loss on extinguishment of debt | $0 | $0 | ($207.0K) | ($1.6M) |
| Loss on lease terminations and other | ($4.9M) | $158.0K | $601.0K | ($93.0K) |
| Total other expenses | ($94.8M) | ($37.6M) | ($118.9M) | ($46.7M) |
| Loss before income tax provision | ($104.3M) | ($50.6M) | ($144.1M) | ($87.3M) |
| Income tax provision | ($394.0K) | ($348.0K) | ($24.0K) | ($454.0K) |
| Net loss | ($104.7M) | ($50.9M) | ($144.1M) | ($87.8M) |
| Net income attributable to preferred units/share | ($5.1M) | ($5.1M) | ($5.1M) | ($5.2M) |
| Net loss attributable to non-controlling interest in consolidated real estate entities | $1.8M | $1.6M | $10.0M | $6.7M |
| Net loss attributable to redeemable non-controlling interest in consolidated real estate entities | $1.0M | $701.0K | $974.0K | $895.0K |
| Net loss attributable to common units in the operating partnership | $2.3M | $553.0K | $1.8M | $2.2M |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | ($104.6M) | ($53.1M) | ($136.5M) | ($83.1M) |
| Net loss attributable to common stockholders—basic (in dollars per share) | -$1.62 | -$0.82 | -$0.30 | -$0.41 |
| Net loss attributable to common stockholders—diluted (in dollars per share) | -$1.62 | -$0.82 | -$0.30 | -$0.41 |
| Weighted average shares of common stock outstanding—basic (in shares) | 64.5M | 64.5M | 451.0M | 202.7M |
| Weighted average shares of common stock outstanding—diluted (in shares) | 64.5M | 64.5M | 451.0M | 202.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investment in real estate, at cost | $7.8B | $8.2B | $8.2B | $8.7B |
| Accumulated depreciation and amortization | ($2.0B) | ($1.8B) | ($1.7B) | ($1.5B) |
| Investment in real estate, net | $5.8B | $6.4B | $6.5B | $7.2B |
| Non-real estate property, plant and equipment, net | $72.4M | $127.1M | $118.8M | $130.3M |
| Cash and cash equivalents | $138.4M | $63.3M | $100.4M | $255.8M |
| Restricted cash | $23.8M | $35.9M | $18.8M | $30.0M |
| Accounts receivable, net | $14.9M | $14.5M | $24.6M | $16.8M |
| Straight-line rent receivables, net | $195.4M | $199.7M | $220.8M | $279.9M |
| Deferred leasing costs and intangible assets, net | $307.4M | $327.5M | $326.9M | $393.8M |
| Operating lease right-of-use assets | $333.3M | $370.8M | $376.3M | $401.1M |
| Prepaid expenses and other assets, net | $86.6M | $90.1M | $94.1M | $98.8M |
| Investment in unconsolidated real estate entities | $246.8M | $221.5M | $252.7M | $180.6M |
| Goodwill | $8.8M | $156.5M | $264.1M | $263.5M |
| Assets associated with real estate held for sale | $0 | $83.1M | $0 | $93.2M |
| TOTAL ASSETS | $7.3B | $8.1B | $8.3B | $9.3B |
| Debt, net | $3.4B | $4.2B | $4.0B | $4.7B |
| Accounts payable, accrued liabilities and other | $209.4M | $193.9M | $203.7M | $264.1M |
| Operating lease liabilities | $343.9M | $380.0M | $389.2M | $399.8M |
| Intangible liabilities, net | $17.8M | $21.8M | $27.8M | $34.1M |
| Security deposits, prepaid rent and other | $74.4M | $84.7M | $88.7M | $83.8M |
| Liabilities associated with real estate held for sale | $0 | $31.1M | $0 | $665.0K |
| Total liabilities | $4.1B | $5.0B | $4.7B | $5.4B |
| Redeemable preferred units of the operating partnership | $2.8M | $9.8M | $9.8M | $9.8M |
| Redeemable non-controlling interest in consolidated real estate entities | $50.6M | $49.3M | $57.2M | $125.0M |
| 4.750% Series C cumulative redeemable preferred stock, $0.01 par value, $25.00 per share liquidation preference, 18,400,000 authorized, 17,000,000 shares outstanding at December 31, 2025 and 2024 | $425000000.00 | $425000000.00 | $425000000.00 | $425000000.00 |
| Common stock, $0.01 par value, 103,200,000 authorized and 54,227,096 shares outstanding at December 31, 2025; 68,800,000 authorized and 20,182,702 shares outstanding at December 31, 2024 | 529.0K | 1.4M | 1.4M | 1.4M |
| Additional paid-in capital | $2.5B | $2.4B | $2.7B | $2.9B |
| Accumulated other comprehensive loss | ($1.9M) | ($8.4M) | ($187.0K) | ($11.3M) |
| Total Hudson Pacific Properties, Inc. stockholders’ equity | $3.0B | $2.9B | $3.1B | $3.3B |
| Non-controlling interest | $179.4M | $263.2M | $416.2M | $444.7M |
| Total equity | $3.2B | $3.1B | $3.5B | $3.7B |
| TOTAL LIABILITIES AND CAPITAL | $7.3B | $8.1B | $8.3B | $9.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Investment in real estate, at cost | $7.8B | $7.8B | $8.0B | $8.2B |
| Accumulated depreciation and amortization | ($2.1B) | ($2.0B) | ($1.9B) | ($1.9B) |
| Investment in real estate, net | $5.7B | $5.8B | $6.0B | $6.3B |
| Non-real estate property, plant and equipment, net | $67.6M | $73.0M | $131.6M | $129.3M |
| Cash and cash equivalents | $80.8M | $138.0M | $190.4M | $236.0M |
| Restricted cash | $24.7M | $24.4M | $24.0M | $31.1M |
| Accounts receivable, net | $21.5M | $14.1M | $14.1M | $13.5M |
| Straight-line rent receivables, net | $205.2M | $200.4M | $204.9M | $204.0M |
| Deferred leasing costs and intangible assets, net | $388.9M | $307.9M | $361.6M | $351.3M |
| Operating lease right-of-use assets | $291.4M | $327.9M | $338.4M | $347.7M |
| Prepaid expenses and other assets, net | $85.8M | $77.1M | $95.3M | $97.5M |
| Investment in unconsolidated real estate entities | $250.6M | $248.2M | $243.4M | $242.8M |
| Goodwill | $8.8M | $8.8M | $156.5M | $156.5M |
| Assets associated with real estate held for sale | $22.9M | — | $0 | $0 |
| TOTAL ASSETS | $7.2B | $7.2B | $7.8B | $8.1B |
| Debt, net | $3.4B | $3.4B | $3.6B | $3.8B |
| Accounts payable, accrued liabilities and other | $298.2M | $229.1M | $243.8M | $222.6M |
| Operating lease liabilities | $323.5M | $339.8M | $350.7M | $358.5M |
| Intangible liabilities, net | $15.8M | $16.8M | $18.8M | $19.8M |
| Security deposits, prepaid rent and other | $78.1M | $81.1M | $75.8M | $83.4M |
| Liabilities associated with real estate held for sale | $1.4M | — | $0 | $0 |
| Total liabilities | $4.1B | $4.1B | $4.3B | $4.4B |
| Redeemable preferred units of the operating partnership | $2.8M | $2.8M | $2.8M | $5.9M |
| Redeemable non-controlling interest in consolidated real estate entities | $48.8M | $49.9M | $49.3M | $48.9M |
| 4.750% Series C cumulative redeemable preferred stock, $0.01 par value, $25.00 per share liquidation preference, 18,400,000 authorized, 17,000,000 shares issued and outstanding at June 30, 2026 and December 31, 2025 | $425000000.00 | $425000000.00 | $425000000.00 | $425000000.00 |
| Common stock, $0.01 par value, 103,200,000 authorized, 54,267,530 and 54,227,096 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 529.0K | 529.0K | 3.8M | 3.8M |
| Additional paid-in capital | $2.4B | $2.5B | $2.8B | $2.9B |
| Accumulated other comprehensive loss | ($2.1M) | ($3.6M) | ($3.3M) | $2.2M |
| Total Hudson Pacific Properties, Inc. stockholders’ equity | $2.8B | $2.9B | $3.2B | $3.4B |
| Non-controlling interest | $172.6M | $177.4M | $185.2M | $263.9M |
| Total equity | $3.0B | $3.1B | $3.4B | $3.6B |
| TOTAL LIABILITIES AND CAPITAL | $7.2B | $7.2B | $7.8B | $8.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($592.3M) | ($381.4M) | ($170.7M) | ($16.5M) |
| Depreciation and amortization | $375.0M | $354.4M | $397.8M | $373.2M |
| Non-cash interest expense | $14.2M | $7.7M | $21.9M | $13.9M |
| Amortization of share/unit-based compensation | $30.4M | $26.0M | $23.9M | $24.3M |
| Straight-line rents | $4.6M | $15.1M | ($701.0K) | ($38.5M) |
| Straight-line rent expense | $4.2M | $5.1M | $5.1M | $3.2M |
| Amortization of above- and below-market leases, net | ($3.9M) | ($4.9M) | ($6.2M) | ($8.0M) |
| Amortization of above- and below-market ground lease, net | $2.6M | $2.6M | $2.8M | $2.7M |
| Amortization of lease incentive costs | $6.6M | $1.7M | $1.1M | $1.5M |
| Loss from unconsolidated real estate entities | $67.0K | $7.3M | $3.9M | ($943.0K) |
| Unrealized loss on non-real estate investments | $3.0M | $4.0M | $3.1M | $1.4M |
| (Gain) loss on sale of real estate, net | ($5.7M) | $2.5M | ($103.2M) | $2.2M |
| Impairment loss | $299.3M | $149.7M | $60.2M | $28.5M |
| Loss on deconsolidation of real estate entity | $77.9M | — | — | — |
| Loss (gain) on extinguishment of debt | $10.5M | $0 | ($10.0M) | $0 |
| Loss on sale of non-real estate property, plant and equipment | $1.6M | — | — | — |
| Gain from insurance proceeds | ($609.0K) | $0 | $0 | ($1.2M) |
| Deferred tax provision | ($1.7M) | $593.0K | $6.6M | — |
| Earnout liability fair value adjustment | $0 | $0 | ($4.3M) | $1.8M |
| Loss on sale of bonds | $0 | $0 | $34.0M | — |
| Accounts receivable | $170.0K | $10.4M | ($5.7M) | $16.1M |
| Deferred leasing costs and lease intangibles | ($63.7M) | ($31.4M) | ($16.1M) | ($33.9M) |
| Prepaid expenses and other assets | ($8.6M) | ($6.7M) | ($10.3M) | ($2.2M) |
| Accounts payable, accrued liabilities and other | ($20.6M) | $4.4M | ($3.1M) | $11.7M |
| Security deposits, prepaid rent and other | ($11.9M) | ($2.4M) | $2.3M | ($2.3M) |
| Net cash provided by operating activities | $121.0M | $164.7M | $232.3M | $369.5M |
| Proceeds from sales of real estate | $236.3M | $21.4M | $843.0M | $137.7M |
| Additions to investment property | ($144.1M) | ($199.4M) | ($298.8M) | ($276.8M) |
| Insurance proceeds for damaged property, plant and equipment | $1.2M | $0 | $0 | $1.3M |
| Cash disposed on deconsolidation of real estate entity | ($12.4M) | — | — | — |
| Cash acquired from consolidation of previously unconsolidated real estate entity | $0 | $8.8M | — | — |
| Contributions to unconsolidated real estate entities | ($18.3M) | ($47.8M) | ($68.7M) | ($40.1M) |
| Distributions from unconsolidated real estate entities | $4.2M | $211.0K | $2.5M | $1.9M |
| Additions to non-real estate property, plant and equipment | ($22.1M) | ($23.1M) | ($5.7M) | ($20.2M) |
| Cash received for investment tax credits | $1.5M | — | — | — |
| Contributions to non-real estate investments | ($4.3M) | ($5.9M) | ($4.9M) | ($17.1M) |
| Distributions from non-real estate investments | $924.0K | $189.0K | $0 | $1.5M |
| Proceeds from sale of non-real estate investment | $0 | $0 | $503.0K | $0 |
| Settlement of earnout liability | $0 | ($5.0M) | — | — |
| Net cash provided by (used in) investing activities | $42.8M | ($250.5M) | $467.8M | ($378.1M) |
| Proceeds from unsecured and secured debt | $1.3B | $180.7M | $382.4M | $1.2B |
| Payments of unsecured and secured debt | ($2.0B) | ($38.0M) | ($1.2B) | ($515.0M) |
| Payments of loan costs | ($20.7M) | $0 | ($839.0K) | ($1.6M) |
| Fees for prepayments of notes payable | ($4.9M) | — | — | — |
| Proceeds from sale of common stock | $523.4M | — | $0 | $0 |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($155.6M) | ($50.9M) | ($312.1M) | ($168.0M) |
| Depreciation and amortization | $162.9M | $80.7M | $281.9M | $187.8M |
| Non-cash interest expense | $3.0M | $1.5M | $12.3M | $9.7M |
| Amortization of share/unit-based compensation | $3.3M | $1.9M | $26.6M | $23.0M |
| Straight-line rents | ($10.3M) | ($5.0M) | ($4.9M) | ($4.0M) |
| Straight-line rent expense | $2.3M | $1.3M | $3.1M | $2.1M |
| Amortization of above- and below-market leases, net | ($2.0M) | ($1.0M) | ($2.9M) | ($1.9M) |
| Amortization of above- and below-market ground leases, net | $1.3M | $641.0K | $2.0M | $1.3M |
| Amortization of lease incentive costs | $6.5M | $2.8M | $3.9M | $2.1M |
| Loss from unconsolidated real estate entities | $1.4M | $437.0K | $2.2M | $1.5M |
| Unrealized loss on non-real estate investments | $2.8M | $2.0M | $2.3M | $237.0K |
| Loss on sale of non-real estate property, plant and equipment | $565.0K | $264.0K | — | — |
| Loss on extinguishment of debt | $0 | $0 | $3.7M | $3.5M |
| Gain on sale of real estate, net | $0 | $0 | ($10.0M) | ($10.0M) |
| Impairment loss | $50.4M | $0 | $18.5M | $18.5M |
| Deferred tax benefit | $0 | $0 | ($10.0K) | ($19.0K) |
| Accounts receivable | ($6.6M) | $802.0K | $1.0M | $1.9M |
| Deferred leasing costs and lease intangibles | ($43.0M) | ($22.7M) | ($34.1M) | ($26.0M) |
| Prepaid expenses and other assets | $1.3M | $8.5M | ($16.7M) | ($16.2M) |
| Accounts payable, accrued liabilities and other | $13.8M | $16.3M | $18.1M | $6.0M |
| Security deposits, prepaid rent and other | $4.3M | $6.7M | ($10.5M) | ($2.9M) |
| Net cash provided by operating activities | $36.3M | $44.3M | $61.7M | $28.5M |
| Proceeds from sales of real estate | $0 | $0 | $88.3M | $88.3M |
| Additions to investment in real estate | ($57.9M) | ($24.4M) | ($109.1M) | ($75.5M) |
| Contributions to unconsolidated real estate entities | ($10.1M) | ($5.8M) | ($14.8M) | ($9.3M) |
| Distributions from unconsolidated real estate entities | $842.0K | $407.0K | $837.0K | $378.0K |
| Additions to non-real estate property, plant and equipment | ($5.0M) | ($4.0M) | ($15.9M) | ($10.6M) |
| Contributions to non-real estate investments | ($2.0M) | ($589.0K) | ($3.0M) | ($2.2M) |
| Distributions from non-real estate investments | $0 | — | $924.0K | $924.0K |
| Net cash used in investing activities | ($74.2M) | ($34.3M) | ($64.1M) | ($8.1M) |
| Proceeds from unsecured and secured debt | $0 | $0 | $1.3B | $1.0B |
| Payments of unsecured and secured debt | ($5.0M) | ($2.5M) | ($1.8B) | ($1.5B) |
| Payments of loan costs | $0 | $0 | ($18.8M) | ($12.1M) |
| Fee for prepayment of notes payable | $0 | — | ($3.0M) | ($3.0M) |
| Proceeds from sale of common stock | $0 | — | $523.4M | $523.4M |
| Proceeds from sale of pre-funded warrants | $0 | — | $138.5M | $138.5M |
| Transaction costs | $0 | ($82.0K) | ($5.6M) | ($5.0M) |
| Redemption of series A preferred units | $0 | $0 | ($7.0M) | ($3.9M) |
| Redemption of common units in the operating partnership | $0 | — | ($318.0K) | ($318.0K) |
| Dividends paid to common stock and unitholders | ($553.0K) | ($557.0K) | ($353.0K) | ($353.0K) |
| Dividends paid to preferred stock and unitholders | ($10.2M) | ($5.1M) | ($15.5M) | ($10.4M) |
| Contributions from redeemable non-controlling members in consolidated real estate entities | $0 | — | $2.8M | $1.4M |
| Distributions to redeemable non-controlling members in consolidated real estate entities | ($7.0K) | — | ($7.0K) | ($7.0K) |
| Contributions from non-controlling members in consolidated real estate entities | $11.0M | $2.6M | $29.6M | $9.9M |
| Distributions to non-controlling members in consolidated real estate entities | ($13.9M) | ($4.0M) | ($15.3M) | ($11.7M) |
Hudson Pacific Properties Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.