Welcome to our dedicated page for Hudson Pacific Properties news (Ticker: $HPP), a resource for investors and traders seeking the latest updates and insights on Hudson Pacific Properties stock.
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Hudson Pacific Properties, Inc. (NYSE: HPP) appoints Michael Nash to its Board of Directors, succeeding outgoing member Richard Fried. Nash, Co-Founder and Chairman of Blackstone Real Estate Debt Strategies, brings extensive expertise in REITs and debt management. Chairman and CEO Victor Coleman expresses gratitude for Fried's service and welcomes Nash's return to the Board, highlighting his valuable qualifications for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.07%
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Rhea-AI Summary
Hudson Pacific Properties, Inc. (NYSE: HPP) has been recognized as a leader in sustainability by GRESB, Nareit, ENERGY STAR, Newsweek, and S&P Global. The company achieved 100% carbon neutrality across all operations in 2020 and has a portfolio that is over 90% LEED, 70% ENERGY STAR, and 40% Fitwel certified. Hudson Pacific has been named a Regional Sector Leader in the Office, Americas peer group by GRESB for the third consecutive year and has achieved Green Star designation and the highest 5-star rating for the fifth consecutive year. Nareit selected Hudson Pacific for the 2023 Leader in the Light Award for the second consecutive year. The company also earned ENERGY STAR Partner of the Year and Sustained Excellence status for a fifth consecutive year. Additionally, Hudson Pacific was named one of Newsweek’s America’s Most Responsible Companies 2024 and included in S&P Global 2023 Sustainability Yearbook.
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Rhea-AI Sentiment
End-of-Day
1.12%
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Hudson Pacific Properties, Inc. (NYSE: HPP) has divested a land parcel in Silicon Valley and certain tranches of a loan secured by its Hollywood Media Portfolio, generating gross proceeds of $189.3 million. The company used the net proceeds to repay amounts outstanding on its unsecured revolving credit facility. The Chairman and CEO, Victor Coleman, highlighted the strong execution on the sales, further strengthening the balance sheet and improving covenant compliance with minimal impact to FFO.
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Rhea-AI Sentiment
End-of-Day
7.15%
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Rhea-AI Summary
Hudson Pacific Properties, Inc. (NYSE: HPP) appoints Robert “Chip” Harris II to the Board of Directors, succeeding Karen Brodkin. Harris brings extensive real estate and public company expertise from his previous roles. His appointment reflects the company's commitment to creating long-term value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.08%
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Rhea-AI Summary
Hudson Pacific Properties, Inc. (NYSE: HPP) successfully refinances Bentall Centre loan, securing a $454.8 million mortgage at a fixed rate of 4.36%. No debt maturities until December 2024. Significant capital investments and strong operating performance underscore the quality of the asset.
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Rhea-AI Sentiment
End-of-Day
3.26%
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Hudson Pacific Properties, Inc. (NYSE: HPP) announced its financial results for the third quarter of 2023. Total revenue was $231.4 million, compared to $260.4 million in the same period last year. The net loss attributable to common stockholders was $37.6 million, or $0.27 per diluted share. FFO, excluding specified items, was $26.1 million, or $0.18 per diluted share. Leasing activity included 53 new and renewal leases totaling 519,167 square feet. The in-service office portfolio ended the quarter at 81.3% occupied and 83.1% leased. The company sold two office properties for a total of $72.5 million and entered into a joint venture to develop a Sunset Studios facility in Manhattan. The company's Board of Directors suspended payment of a quarterly dividend on its common stock.
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Rhea-AI Sentiment
End-of-Day
7.8%
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News
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Hudson Pacific Properties to release Q3 financial results on November 1, 2023
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Rhea-AI Sentiment
End-of-Day
-2.37%
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Hudson Pacific Properties suspends quarterly dividend on common stock due to ongoing Hollywood strike.
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Rhea-AI Sentiment
End-of-Day
-2.57%
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Hudson Pacific Properties to participate in BofA Securities 2023 Global Real Estate Conference
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Rhea-AI Sentiment
End-of-Day
2.64%
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Hudson Pacific Properties divests two office properties for $72.5 million, resulting in a $22 million gain
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Rhea-AI Sentiment
End-of-Day
-0.64%
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Hudson Pacific Properties, Inc.
NYSE:HPP
HPP Rankings
HPP Stock Data
777.71M
136.15M
3.36%
112.17%
15.08%
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
United States of America
LOS ANGELES
About HPP
hudson pacific properties (nyse: hpp) is a vertically-integrated real estate company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art media and entertainment properties in select west coast markets. hpp invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value. founded in 2006 as hudson capital, the company went public in 2010, electing to be taxed as a real estate investment trust. through the years, hpp has strategically assembled a portfolio totaling approximately 17.3 million square feet, including land for development, in high-growth, high-barrier-to-entry submarkets throughout northern and southern california and the pacific northwest. the company is a leading provider of design-forward, next-generation workspaces for a variety of tenants, with a focus on fortune 500 and industry-leading growth companies, many in the techn