Hudson Pac Pptys Inc Stock Price, News & Analysis

Hudson Pacific Properties (NYSE: HPP) has successfully completed its acquisition of Washington 1000, a modern office development site in Seattle, for $85.6 million. Construction is set to start immediately, with total project costs estimated between $340 million and $360 million. The 546,000-square-foot tower will be LEED Gold and Fitwel certified, featuring advanced sustainability and health designs. Expected delivery is slated for early 2024, expanding Hudson Pacific's office portfolio in the Denny Triangle to nearly $2 million square feet.

Hudson Pacific Properties (NYSE: HPP) reported a strong Q1 2022, achieving a 14.7% increase in total revenue of $244.5 million. Despite a net loss of $19.8 million or $0.13 per share, funds from operations (FFO) rose 2.3% to $75.2 million. The company signed over 500,000 square feet in new leases, enhancing its leasing pipeline. Strong advancements in development projects are ongoing, including a 7-stage studio in Los Angeles set to deliver in 2023. The company narrowed its FFO guidance to $2.02 to $2.08 for the year.

Hudson Pacific Properties (NYSE: HPP) has launched EquiBlue, an innovative impact investing platform aimed at leveraging commercial real estate to promote economic opportunities for women and people of color. The initiative targets an initial capital investment of $300 million to transform outdated properties into high-quality office spaces in urban centers like Los Angeles and the San Francisco Bay Area. The project will involve community engagement and aims to generate strong financial returns while supporting diverse local businesses.

Hudson Pacific Properties (NYSE: HPP) will release its first quarter financial results post-market on April 27, 2022. A conference call discussing these results is scheduled for 11:00 a.m. PT / 2:00 p.m. ET on April 28, 2022. Participants can join via telephone or access a live webcast through the company's website. Hudson Pacific, a real estate investment trust focused on office and studio properties, boasts a portfolio exceeding 20 million square feet, with key tenants including Google and Netflix.

Hudson Pacific Properties (NYSE:HPP) announced the appointment of Ebs Burnough to its Board of Directors, effective March 17, 2022. Burnough, who succeeds Barry Porter, brings extensive experience in entertainment, marketing, and public policy. He currently serves as Managing Director of Hatch House Media and has held positions in the White House and as a director of communications for AERIN. His background is expected to guide the company's expansion in tech and media markets. Hudson Pacific, focusing on innovation and media, has a portfolio exceeding 20 million square feet.

Hudson Pacific Properties (NYSE: HPP) announced the declaration of an initial dividend of $0.4453125 per share on its 4.750% Series C Cumulative Preferred Stock. The dividend will be paid on March 31, 2022, to shareholders of record on March 21, 2022. This marks a significant return for investors, highlighting the company's commitment to shareholder value. Hudson Pacific operates a vast portfolio of over 20 million square feet of real estate, focusing on innovation and media sectors with major tenants like Google and Netflix.

Hudson Pacific Properties (NYSE: HPP) has declared a quarterly dividend of $0.25 per share for Q1 2022. This dividend will be paid on March 31, 2022, to stockholders on record as of March 21, 2022. The company operates a substantial portfolio of office and studio properties totaling over 20 million square feet, with key tenants including Google, Netflix, and Uber. Hudson Pacific is committed to innovation and growth in media and technology sectors.

Hudson Pacific Properties (NYSE: HPP) announced that CEO Victor Coleman and senior management will participate in a roundtable at Citi's 2022 Global Property CEO Conference on March 7, 2022, at 4:15 p.m. ET. The event will be available via a live webcast on the company’s website, with a replay accessible one hour post-event. Hudson Pacific, a real estate investment trust with over 20 million square feet of properties and anchor tenants including Google and Netflix, is also part of the S&P MidCap 400 Index.

Hudson Pacific Properties (HPP) reported a full-year net income of $0.04 per diluted share and achieved the high end of its FFO guidance at $1.99 per share. The company signed over 1.8 million square feet in office leases, with GAAP and cash rent growth of 14.0% and 7.1%, respectively. In Q4, net income was $0.05 per share, and FFO reached $0.52 per share, with a total revenue growth of 18.0% to $240.5 million. For 2022, HPP provided FFO guidance of $2.01 to $2.09 per diluted share, amid continued expansion in both studio and office properties.