Hudson Pacific Properties (NYSE:HPP) Issues Quarterly Earnings Results, Beats Estimates By $1.01 EPS

Hudson Pacific Properties (NYSE:HPP) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $1.01, Zacks reports. Hudson Pacific Properties had a negative return on equity of 25.07% and a negative net margin of 80.01%. The business had revenue of $180.89 million for the quarter, compared to analysts’ expectations of $181.62 million. Hudson Pacific Properties updated its FY 2026 guidance to 1.150-1.210 EPS.

Here are the key takeaways from Hudson Pacific Properties’ conference call:

• Office leasing momentum continued: occupancy rose for a fifth consecutive quarter to 85.6%, and the 2.1 million-square-foot pipeline includes 1.1 million square feet in advanced stages. Management said the pipeline’s size and maturity could support growth into 2027.
• Core FFO per diluted share increased about 8% year over year to $0.28, while same-store cash NOI grew 8.3%. Hudson Pacific raised its 2026 core FFO outlook to $1.15–$1.21 per share.
• The company reported a $218.1 million net loss, primarily from non-cash impairments at Skyport Plaza and Hill7 and a loss on asset sales. Despite debt reduction and $840 million of pro forma liquidity, net debt to cash-adjusted EBITDAre remained high at 11.4x, with upcoming maturities and $333 million of revolver commitments expiring in December.
• Studio results were mixed: prime stages remained well leased and studio NOI improved, but Los Angeles on-location shoot days were 29% below the five-year average. Proposed federal and California production incentives could help, though they are not yet enacted.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded down $0.33 during midday trading on Friday, reaching $8.43. 1,204,388 shares of the company traded hands, compared to its average volume of 913,149. The firm has a market capitalization of $457.50 million, a price-to-earnings ratio of -0.83, a price-to-earnings-growth ratio of 0.53 and a beta of 2.02. The business has a 50 day moving average of $11.34 and a two-hundred day moving average of $10.90. Hudson Pacific Properties has a 12 month low of $5.26 and a 12 month high of $17.20. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.33 and a quick ratio of 1.11.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup restated a “neutral” rating and issued a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Finally, Mizuho lifted their price objective on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.27.

Insider Transactions at Hudson Pacific Properties

In related news, Director Jon Bortz bought 25,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $13.40 per share, with a total value of $335,000.00. Following the transaction, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.47% of the company’s stock.

Key Hudson Pacific Properties News

Here are the key news stories impacting Hudson Pacific Properties this week:

• Positive Sentiment: Quarterly FFO was $0.28 per share, topping the $0.25 consensus estimate and matching the year-ago period. Zacks article on Q3 FFO
• Positive Sentiment: HPP set 2026 EPS guidance at $1.15–$1.21, a range that brackets the $1.16 analyst consensus. Bisnow report
• Negative Sentiment: The company posted a $218 million loss, partly reflecting losses on office-property sales. Such losses and continued office-market challenges may weigh on sentiment. Bisnow report on the loss
• Negative Sentiment: Revenue was $180.89 million, slightly below analysts’ $181.62 million estimate. Q3 financial results

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.