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

Hudson Pacific Properties (NYSE:HPP) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the consensus estimate of ($0.73) by $1.01, Zacks reports. The company had revenue of $180.89 million for the quarter, compared to analyst estimates of $181.62 million. Hudson Pacific Properties had a negative return on equity of 25.07% and a negative net margin of 80.01%. 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 Down 3.8%

Shares of HPP stock traded down $0.33 during mid-day trading on Friday, hitting $8.43. The stock had a trading volume of 1,204,388 shares, compared to its average volume of 913,149. 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. The firm’s 50-day moving average is $11.34 and its two-hundred day moving average is $10.90. The firm has a market capitalization of $457.50 million, a P/E ratio of -0.83, a price-to-earnings-growth ratio of 0.53 and a beta of 2.02.

Hudson Pacific Properties News Roundup

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

Insider Activity at Hudson Pacific Properties

In other news, Director Jon Bortz acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the acquisition, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. The trade was a 240.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HPP shares. Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating and issued a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Zacks Research downgraded shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Piper Sandler lowered Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $13.00 in a research report on Monday, October 19th. Finally, Mizuho upped their price objective on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.27.

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.