Hudson Pacific Properties Declares Fourth Quarter 2023 Preferred Stock Dividend

Rhea-AI Summary

Hudson Pacific Properties, Inc. (NYSE: HPP) has declared a dividend for the fourth quarter of 2023 on its 4.750% Series C cumulative preferred stock. The dividend amounts to $0.296875 per share, with an annual rate of $1.18750 per share. It will be paid on December 28, 2023, to preferred stockholders of record on December 18, 2023.

LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company”), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Board of Directors has declared a dividend for the fourth quarter of 2023 on its 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share, which will be paid on December 28, 2023 to preferred stockholders of record on December 18, 2023.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the Company from time to time with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231208662309/en/

Investor Contact

Laura Campbell

Executive Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.com

Media Contact

Laura Murray

Senior Director, Communications

(310) 622-1781

lmurray@hudsonppi.com

Source: Hudson Pacific Properties, Inc.

FAQ

What is the company name and ticker symbol for the recent dividend declaration by Hudson Pacific Properties, Inc.?

The company name is Hudson Pacific Properties, Inc. and the ticker symbol is HPP.

What is the dividend amount declared by Hudson Pacific Properties, Inc. for the fourth quarter of 2023?

The dividend declared is $0.296875 per share for the 4.750% Series C cumulative preferred stock.

When will the dividend be paid to the preferred stockholders of Hudson Pacific Properties, Inc.?

The dividend will be paid on December 28, 2023.

What is the annual rate of the dividend declared by Hudson Pacific Properties, Inc.?

The annual rate of the dividend is $1.18750 per share.