Welcome to our dedicated page for Hudson Pacific news (Ticker: HPP), a resource for investors and traders seeking the latest updates and insights on Hudson Pacific stock.
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 (NYSE: HPP) has completed a $475 million CMBS financing for six office properties across its west coast markets. The portfolio includes 11601 Wilshire, Element LA, 450 Alaskan, 5th & Bell, 275 Brannan and 1740 Technology.
The loan features a five-year term (two-year initial term plus three one-year extension options) with an interest rate of 376 basis points over one-month term SOFR. The proceeds were used to fully repay a $168 million Element LA secured loan and outstanding amounts on the company's unsecured revolving credit facility.
Following this CMBS loan and the sale of Foothill Research Center, HPP has approximately $815 million of liquidity, including $752 million credit facility capacity and $63 million cash. An additional $133 million is available under the Sunset Pier 94 Studios construction loan, with HPP's share being $34 million.
Hudson Pacific Properties (NYSE: HPP), a provider of real estate solutions for tech and media tenants, has scheduled its first quarter 2025 financial results announcement. The company will release its Q1 results after market close on Wednesday, May 7, 2025, followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET on the same day.
Investors can access the live audio webcast through the Investors section of Hudson Pacific's website, with a replay available after the call.
Hudson Pacific Properties (NYSE: HPP) has announced its Board of Directors' declaration of first quarter 2025 dividend for its 4.750% Series C cumulative preferred stock. The dividend payment is set at $0.296875 per share, which equals an annual rate of $1.18750 per share. The payment will be distributed on March 31, 2025 to preferred stockholders of record as of March 21, 2025. Hudson Pacific Properties specializes in providing end-to-end real estate solutions for tech and media tenants.
Hudson Pacific Properties (NYSE: HPP), a provider of real estate solutions for tech and media tenants, has announced its participation in Citi's 2025 Global Property CEO Conference. Victor Coleman, Chairman and CEO, along with senior management members, will join a roundtable discussion scheduled for Monday, March 3, 2025, at 5:00 p.m. ET.
The company will provide a live, listen-only webcast of the discussion through their website, with a replay available one hour after the event's conclusion.
Hudson Pacific Properties (HPP) reported its Q4 2024 financial results, highlighting 2.0M sq ft of office leases signed in 2024, including 442,000 sq ft in Q4. Total revenue was $209.7M, down from $223.4M in Q4 2023. The company reported a net loss of $167.0M ($1.18 per diluted share), compared to a $98.0M loss in the previous year.
Key metrics include FFO excluding specified items of $15.5M ($0.11 per diluted share) and same-store cash NOI of $94.2M. The in-service office portfolio ended Q4 at 78.3% occupied and 78.9% leased. The company completed strategic asset sales, including 3176 Porter for $24.8M and Maxwell for $46.0M. HPP provided Q1 2025 FFO outlook of $0.07 to $0.11 per diluted share.
Hudson Pacific Properties (NYSE: HPP) has announced the tax treatment for its 2024 common and preferred stock dividends. For common stock, the total distribution is $0.1000 per share, with $0.06684 (66.84%) classified as non-qualified ordinary dividends and $0.03316 (33.16%) as return of capital. Payments are scheduled for March 28 and June 27, 2024.
For Series C preferred stock, the total annual distribution is $1.187500 per share, paid quarterly at $0.296875 per share. These payments are 100% classified as non-qualified ordinary dividends, with no portion allocated to qualified dividends, capital gains distributions, or return of capital. The preferred stock dividends will be paid on March 28, June 27, September 30, and December 30, 2024.
Hudson Pacific Properties (NYSE: HPP) has sold Maxwell, a non-core office property in the Los Angeles Arts District, for $46.0 million before prorations and closing costs. The company used the net proceeds to reduce its unsecured revolving credit facility debt.
Including the pending sale of Foothill Research Center expected to close in Q1 2024, HPP will have executed $93.8 million in non-core asset sales since mid-November 2023. The company expects to realize over $90 million in gross proceeds from closed non-core asset sales by the end of Q1 2025, with additional sales in process.
Hudson Pacific Properties (NYSE: HPP) has reported that its Los Angeles office properties and studio facilities remain undamaged and fully operational despite recent wildfires in the area. The company, which specializes in real estate solutions for tech and media tenants, confirmed the safety of its employees while acknowledging the significant impact on the broader Los Angeles community.