Institutional Investor Files 13G for 64.5M HPP Shares

Rhea-AI Filing Summary

Cohen & Steers, Inc., together with four affiliated investment advisers, has filed a Schedule 13G disclosing a passive ownership position in Hudson Pacific Properties, Inc. (HPP) as of 30 June 2025.

The filing reports aggregate beneficial ownership of 64,515,605 common shares, representing 17.02 % of HPP’s outstanding stock. Voting and dispositive authority are largely concentrated at the parent-company level:

• Sole voting power: 50,283,256 shares
• Sole dispositive power: 64,515,605 shares

Breakdown by affiliate:

• Cohen & Steers Capital Management, Inc. – 63,726,801 shares (16.81%)
• Cohen & Steers UK Ltd – 639,470 shares (0.17%)
• Cohen & Steers Ireland Ltd – 149,334 shares (0.04%)
• Cohen & Steers Asia Ltd – 0 shares

The parent company owns 100% of each subsidiary and has filed under Rule 13d-1(b) (passive institutional investor).

The certification states the stake is held in the ordinary course of business and not for the purpose of influencing control of the issuer. Securities are held on behalf of underlying account holders entitled to dividends and sale proceeds.

This disclosure signals that a single global asset manager now controls just over one-sixth of HPP’s equity base—a level that can materially affect shareholder-meeting outcomes and market perception of institutional support.

Positive

• Significant institutional support: Cohen & Steers controls 17.02 % of HPP shares, signaling confidence from a well-regarded real-estate asset manager.

Negative

• Ownership concentration: A single investor with 17 % voting power could influence key corporate actions or create share-price overhang if it exits.

Insights

Securities Analyst

TL;DR: Cohen & Steers’ 17% passive stake affirms institutional interest but does not itself signal strategic change for HPP.

The 64.5 million-share position makes Cohen & Steers the largest known holder of HPP. While filed on a passive 13G, this concentration could sway any contested proxy vote. The absence of shared voting or dispositive power indicates centralized decision-making, simplifying HPP’s investor-relations outreach. Because no purchase price, entry date, or comparative prior holding is given, we cannot assess buying momentum. Overall market impact is modest unless future filings show activism or rapid position changes.

Corporate Governance Expert

TL;DR: 17% ownership heightens governance influence risk but remains passive under current certification.

A single institution exceeding 15% brings enhanced visibility under NYSE and ISS policies. Though Cohen & Steers disclaims control intent, its voting block can materially affect director elections, say-on-pay, and strategic transactions requiring shareholder approval. HPP’s board should monitor any shift to a Schedule 13D. For now, governance risk is contained by the passive filing status and dispersed account-holder structure.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Hudson Pacific Properties, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

444097109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 444097109

1

Names of Reporting Persons

COHEN & STEERS, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 50,283,256.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 64,515,605.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

64,515,605.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

17.02 %

12

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13G

CUSIP No. 444097109

1

Names of Reporting Persons

Cohen & Steers Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 49,749,762.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 63,726,801.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

63,726,801.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

16.81 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 444097109

1

Names of Reporting Persons

Cohen & Steers UK Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 384,160.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 639,470.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

639,470.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.17 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 444097109

1

Names of Reporting Persons

Cohen & Steers Asia Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 444097109

1

Names of Reporting Persons

Cohen & Steers Ireland Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 149,334.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 149,334.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

149,334.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.04 %

12

Type of Reporting Person (See Instructions)

CO, FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hudson Pacific Properties, Inc.
(b)	Address of issuer's principal executive offices: 11601 Wilshire Blvd. Ninth Floor, Los Angeles, California, 90025
Item 2.
(a)	Name of person filing: Cohen & Steers, Inc. Cohen & Steers Capital Management, Inc. Cohen & Steers UK Ltd Cohen & Steers Asia Ltd Cohen & Steers Ireland Ltd
(b)	Address or principal business office or, if none, residence: The principal address for Cohen & Steers, Inc. and Cohen & Steers Capital Management, Inc. is: 1166 Avenue of the Americas, 30th Floor New York, NY 10036 The principal address for Cohen & Steers UK Ltd. is: The Burlian, 2nd floor, 3 Dering Street, London W1S 1AA United Kingdom The principal address for Cohen & Steers Asia Ltd. is: 3301B, 33rd Floor, The Henderson 2 Murray Road Central, Hong Kong The principal address for Cohen & Steers Ireland Ltd. is: Suite G01 81 Merrion Square South Dublin 2 D02 NR12 Ireland
(c)	Citizenship: Cohen & Steers, Inc: Delaware corporation Cohen & Steers Capital Management, Inc: New York corporation Cohen & Steers UK Ltd: United Kingdom Private Limited Company Cohen & Steers Asia Ltd: Asia Private Limited Company Cohen & Steers Ireland Ltd: Ireland Private Limited Company
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 444097109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Corporation
Item 4.	Ownership
(a)	Amount beneficially owned: See row 9 cover sheet
(b)	Percent of class: See row 11 on cover sheet
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See row 5 on cover sheet
	(ii) Shared power to vote or to direct the vote: See row 6 on cover sheet
	(iii) Sole power to dispose or to direct the disposition of: See row 7 on cover sheet
	(iv) Shared power to dispose or to direct the disposition of: See row 8 on cover sheet
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Each of Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. and Cohen & Steers Ireland Ltd. holds the securities of the Issuer to which this statement relates for the benefit of their respective account holders. Such account holders have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities of the Issuer that are held on their behalf.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Cohen & Steers, Inc. holds a 100% interest in Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. (investment advisors registered under Section 203 of the Investment Advisers Act) and Cohen & Steers Ireland Ltd. (a non-US institution).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Corporation is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

COHEN & STEERS, INC.

Signature:	/s/ Frank Poli
Name/Title:	Frank Poli, EVP, General Counsel & Global CCO
Date:	07/08/2025

Cohen & Steers Capital Management, Inc.

Signature:	/s/ Frank Poli
Name/Title:	Frank Poli, EVP, General Counsel & Global CCO
Date:	07/08/2025

Cohen & Steers UK Ltd

Signature:	/s/ Natalie Okorie
Name/Title:	Natalie Okorie, VP, Compliance Officer
Date:	07/08/2025

Cohen & Steers Asia Limited

Signature:	/s/ Catherine Cheng
Name/Title:	Catherine Cheng, VP, Compliance Officer
Date:	07/08/2025

Cohen & Steers Ireland Limited

Signature:	/s/ Alan Cooper
Name/Title:	Alan Cooper, VP, Compliance Officer
Date:	07/08/2025

FAQ

How many Hudson Pacific Properties (HPP) shares does Cohen & Steers own?

The group beneficially owns 64,515,605 common shares of HPP.

What percentage of HPP’s outstanding stock is held by Cohen & Steers?

The filing reports ownership of 17.02 % of the outstanding common shares.

Is the Cohen & Steers stake in HPP passive or activist?

It is filed on Schedule 13G, indicating a passive investment with no intent to influence control.

Which Cohen & Steers entity holds the majority of HPP shares?

Cohen & Steers Capital Management, Inc. holds the largest portion at 63.7 million shares (16.81 %).

Does Cohen & Steers share voting power with other parties?

No. The group reports 0 shared voting or dispositive power; authority is held solely by Cohen & Steers entities.