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

Hudson Pacific Properties (NYSE:HPP) announced its quarterly earnings results 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 net margin of 80.01% and a negative return on equity of 25.07%. The company 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

Shares of NYSE:HPP traded down $0.33 during midday trading on Friday, reaching $8.43. 1,204,388 shares of the company’s stock traded hands, compared to its average volume of 913,149. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.11 and a current ratio of 1.33. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $17.20. The company has a market cap of $457.50 million, a price-to-earnings ratio of -0.83, a P/E/G ratio of 0.53 and a beta of 2.02. The stock has a 50 day moving average of $11.34 and a 200 day moving average of $10.90.

Trending Headlines about Hudson Pacific Properties

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 Buying and Selling

In other Hudson Pacific Properties news, Director Jon Bortz acquired 25,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director owned 35,394 shares of the company’s stock, valued at $474,279.60. This represents a 240.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HPP. Piper Sandler lowered shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $15.00 to $13.00 in a report on Monday, October 19th. Mizuho upped their target price on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Morgan Stanley set a $9.00 target price on Hudson Pacific Properties and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Citigroup restated a “neutral” rating and issued a $15.00 target price (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald lifted their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.27.

About Hudson Pacific Properties

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.