Hudson Pac Pptys Inc Stock Price, News & Analysis

Hudson Pacific Properties (NYSE: HPP) announced a dividend on its 4.750% Series C cumulative preferred stock for the fourth quarter of 2025 of $0.296875 per share, equal to an annual rate of $1.18750 per share. The dividend will be paid on December 29, 2025 to preferred stockholders of record on December 19, 2025.

Hudson Pacific Properties (NYSE: HPP) announced the sale of Element LA, a 284,000-square-foot West Los Angeles office campus, on December 5, 2025.

The company received $150 million for the property plus a separate $81 million lease termination payment, yielding gross proceeds of $231 million. Transfer taxes were paid by the buyer.

Hudson Pacific used the proceeds to repay $206 million of CMBS debt tied to the property, with the remaining cash available for general corporate purposes. The company originally acquired the assets for $101 million over a decade ago and said the sale reflects value created through redevelopment and stabilization.

Hudson Pacific Properties (NYSE: HPP) updated its Q4 2025 FFO outlook to $0.15–$0.25 per diluted share (ex specified items) and provided revised full-year 2025 assumptions, reflecting a 1-for-7 reverse stock split effective Dec 1, 2025 and the Dec 4, 2025 sale of Element LA. Proceeds from Element LA were used to repay $206.3 million of CMBS debt; related specified items include $81.0 million early lease termination revenue, an $11.7 million write-off of straight-line rent receivable, and a $3.3 million loss on early extinguishment of debt.

Full-year assumptions show same-store cash NOI declining about 11.5%–12.5%, GAAP non-cash revenue of $3.0M–$8.0M, interest expense of $165M–$175M, and diluted weighted average shares reflected after the reverse split.

Hudson Pacific (NYSE: HPP) appointed Jon Bortz to its Board of Directors and accepted the retirement of Jonathan Glaser, both effective December 2, 2025. Bortz is founder, chairman and CEO of Pebblebrook Hotel Trust (NYSE: PEB) and earlier founded LaSalle Hotel Properties, where he led a strategic sale to Pebblebrook for $5.5 billion. Hudson Pacific’s chairman and CEO said Bortz’s four decades of REIT leadership and strategic experience will support the company’s ongoing repositioning and platform-strengthening efforts. Glaser served on the board for 15 years and the company thanked him for his governance and leadership.

Hudson Pacific Properties (NYSE: HPP) will effect a 1-for-7 reverse stock split of its common stock effective at 5:00 p.m. ET on December 1, 2025, with trading on a split-adjusted basis expected to begin on the NYSE on December 2, 2025. The new post-split CUSIP will be 444097406. The company will amend its charter to reduce par value and authorized shares as of the Effective Time. Outstanding equity awards, equity incentive plan share counts and pre-funded warrants will be proportionately adjusted; the pre-funded warrant exercise price will be $0.07 post-split. No fractional shares will be issued; fractional interests will be paid in cash based on the December 1, 2025 closing price (split-adjusted).

Hudson Pacific Properties (NYSE: HPP) reported third-quarter 2025 results on November 5, 2025, highlighting operational leasing momentum and balance-sheet strength.

Key items: 515,450 sq ft leased YTD in 2025, including 106,000 sq ft AI lease; positive office absorption in 3Q; $1.0 billion liquidity at quarter end; 100% of debt fixed or capped with a weighted average rate of 5.0%; and 30% G&A reduction versus prior year. GAAP revenue was $186.6M and FFO was $14.6M ($0.03/diluted). In-service office occupancy rose sequentially to 75.9% occupied. The company provided 4Q FFO outlook of $0.01–$0.05 per diluted share and updated full-year assumptions.

Hudson Pacific Properties (NYSE: HPP), a real estate solutions provider for tech and media tenants, has scheduled its Q3 2025 earnings release for November 5, 2025, before market open. The company will host a conference call at 9:00 a.m. PT / 12:00 p.m. ET on the same day to discuss the results.

The earnings call will be accessible through a live audio webcast on the Investors section of HudsonPacificProperties.com. A replay of the webcast will be made available after the call.

Hudson Pacific Properties (NYSE: HPP) has successfully amended and extended its unsecured revolving credit facility. The amendment initially increases borrowing capacity to $795 million from $775 million, maturing at year-end 2026. Subsequently, the company will have access to $462 million in permitted borrowings through year-end 2029, including two six-month extension options.

The facility maintains its current interest rate of SOFR plus 115-160 basis points and annual fee of 15-30 basis points. Key covenant modifications include increasing the minimum EBITDA to fixed charges ratio to 1.5x and implementing a $125 million minimum liquidity requirement when borrowings exceed $600 million.

Hudson Pacific Properties (NYSE: HPP) announced the appointment of T. Ritson Ferguson to its Board of Directors, effective September 11, 2025. Ferguson, currently an Independent Investment Committee Member of CBRE Investment Management Listed Real Assets, brings over 30 years of REIT sector and investment management experience.

The company also announced the retirement of Director Mark D. Linehan, who has served on the board since the company's IPO. Linehan's 14-year tenure included advising on multiple transformative transactions and helping navigate challenging market conditions.