Hudson Pacific Properties reports news as a real estate investment trust focused on office and studio properties for technology and media tenants. Company updates commonly cover quarterly results, office leasing and occupancy, same-store cash NOI, FFO outlook, asset sales, capital transactions and operating trends across its office and studio segments.
Recurring announcements also address Sunset Studios leasing, Quixote operating changes and cost optimization, preferred stock dividends, dividend tax treatment and executive participation in real estate industry conferences. The company’s news flow centers on portfolio performance, tenant demand, capital discipline and the economics of tech and media real estate.
Hudson Pacific Properties (HPP) announced results of its operating partnership’s cash tender offer to purchase up to $200 million of outstanding notes. It will accept $100 million each of the 3.950% notes due 2027 and 5.950% notes due 2028. Holders tendered $537,853,000 in total, exceeding the offer limit. Approximate acceptance factors are 35.1% for 2027 notes and 39.9% for 2028 notes.
Purchase prices are $980.00 and $991.25 per $1,000 principal for the 2027 and 2028 notes, respectively, plus accrued and unpaid interest. Payment is scheduled on or around October 14, 2026. The partnership intends to fund payment with $95.0 million of cash on hand and $105.0 million of revolving-credit borrowings. Hudson Pacific plans to repay part of its revolving-credit borrowings with proceeds from the anticipated Skyport Plaza sale, whose completion and timing remain uncertain.
Hudson Pacific Properties (NYSE: HPP) announced its operating partnership's cash tender offer for up to $200 million of outstanding senior notes. The offer targets $100 million each of the 3.950% notes due 2027 and 5.950% notes due 2028. Purchase prices per $1,000 principal are $980.00 and $991.25, respectively, plus accrued and unpaid interest.
The offer expires at 5:00 p.m. New York City time on October 9, 2026, unless extended or earlier terminated. The partnership expects settlement on October 14, 2026, and intends to fund purchases with cash on hand and/or unsecured revolving credit borrowings. Acceptance is subject to allocation rules, including proportional acceptance when applicable.
Hudson Pacific Properties (HPP) will release third-quarter financial results before the market opens on November 5, 2026. A conference call will follow at 9:00 a.m. PT, with a live webcast and a replay available on the company’s website.
Hudson Pacific Properties (HPP) announced the completed $65.5 million sale of two downtown San Francisco properties on September 25, 2026.
875 and 899 Howard total approximately 284,000 square feet. The sale price is before prorations and closing costs. The office building at 875 Howard was 36% occupied at the time of sale, with its remaining major lease expiring next year. The former retail building at 899 Howard was fully vacant; Hudson Pacific secured entitlements to convert two floors to office use before the sale.
Including the previously announced sale of 2001 Gateway in North San Jose, Hudson Pacific completed $90.5 million in third-quarter asset sales. It intends to use the net proceeds for general corporate purposes.
Hudson Pacific Properties (HPP) extended the $1.1 billion CMBS loan secured by its Hollywood Media Portfolio, moving the loan’s maturity to November 9, 2027 with the stated interest rate unchanged and no principal paydown at closing.
The 2.2 million-square-foot portfolio includes three Hollywood studio lots and five Class A office properties, plus rights to build another 1.1 million square feet of office and production space. Hudson Pacific owns a 51% joint venture interest and manages operations, leasing and development. As part of the extension, the joint venture will allocate $20 million to a leasing reserve at closing, funded initially with partnership funds and then by excess cash flow sweeps. The company also entered into a SOFR swap fixed at 3.50% through loan maturity, and reported interest expense will include fees and costs tied to the extension and derivative.
Hudson Pacific Properties (HPP)/b) will participate in a roundtable discussion at the BofA Securities 2026 Global Real Estate Conference on Tuesday, September 15, 2026, at 4:30 p.m. ET.The company’s chairman and CEO Victor Coleman and other senior executives are scheduled to take part. A live, listen-only webcast of the discussion will be available via the provided conference link, with a replay accessible approximately 24 hours after the event concludes.
Hudson Pacific Properties (HPP)/b) declared a third-quarter 2026 dividend on its 4.750% Series C cumulative preferred stock of $0.296875 per share.This amount equals an annual rate of $1.18750 per share and will be paid on September 30, 2026 to preferred stockholders of record as of September 21, 2026.
Hudson Pacific Properties (NYSE: HPP) reported second quarter 2026 total revenue of $188.3 million versus $190.0 million a year earlier, with the decline primarily tied to asset sales. Core FFO rose to $23.1 million, or $0.35 per diluted share, up about 30% per share, while FFO improved to $0.24 per diluted share from a loss of $(0.38). AFFO narrowed to $(0.05) per diluted share from $(0.20). Same-store cash NOI increased 7.5% to $90.2 million.
The company executed 1.3 million square feet of office leases, including 891,000 square feet of new and renewal leases with the City and County of San Francisco at 1455 Market, with a weighted average 24-year term. In-service office occupancy rose 470 basis points sequentially to 82.5%. Studio stages were 74.6% leased overall, with Hollywood stages 95.5% leased.
Hudson Pacific ended the quarter with $876.1 million of total liquidity, net debt to undepreciated book value of 32.4%, and all debt fixed or capped at a 4.9% weighted average rate. Subsequent to quarter-end, it sold the 2001 Gateway office building for $25 million. The company raised its full-year 2026 Core FFO guidance to $1.12–$1.20 per diluted share from $1.10–$1.18.
The Only Agency (NYSE:HPP) appointed Nate Yohannes and Christy Haubegger to its Board of Directors as it enters a new global growth phase. The agency plans deeper expansion across fashion, media & entertainment, music, sports, beauty, the creator economy, and international markets, including the GCC and Saudi Arabia.
Hudson Pacific Properties (NYSE:HPP) will release its second quarter 2026 financial results before the market opens on Wednesday, August 5, 2026. A conference call to discuss the results is scheduled for 9:00 a.m. PT / 12:00 p.m. ET, with live and replay webcasts available.