Hudson Pacific Properties, Inc. (HPP)
| Market Cap | 418.97M |
| Revenue (ttm) | 847.71M |
| Net Income (ttm) | -295.14M |
| Shares Out | 144.72M |
| EPS (ttm) | -2.09 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.10 (3.45%) |
| Ex-Dividend Date | Jun 17, 2024 |
| Volume | 614,358 |
| Open | 2.940 |
| Previous Close | 2.970 |
| Day's Range | 2.815 - 2.960 |
| 52-Week Range | 2.390 - 9.860 |
| Beta | 1.29 |
| Analysts | Hold |
| Price Target | 5.95 (+105.53%) |
| Earnings Date | Feb 10, 2025 |
About HPP
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. [Read more]
Financial Performance
In 2023, Hudson Pacific Properties's revenue was $948.40 million, a decrease of -7.67% compared to the previous year's $1.03 billion. Losses were -$192.18 million, 240.1% more than in 2022.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for HPP stock is "Hold." The 12-month stock price forecast is $5.95, which is an increase of 105.53% from the latest price.
News
PMG CEO Kevin Maloney on the state of commercial real estate
Kevin Maloney, founder and CEO at PMG, joins CNBC's ‘The Exchange' to discuss his 2025 commercial real estate outlooks, top real estate trends to watch, and more.
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
Hudson Pacific Completes Sale of Palo Alto Office Property
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today that it has closed on the s...
Hudson Pacific Properties Declares Fourth Quarter 2024 Preferred Stock Dividend
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 Bo...
Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of tr...
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the larg...
Hudson Pacific: Ignore The Noise, Stay With The Trend
Our sell rating on Hudson Pacific Properties, Inc. in August has proven accurate due to significant issues plaguing this office properties REIT. Occupancy is below 80%, FFO has declined drastically, a...
Hudson Pacific Properties: I'm Still Not Buying The Preferreds
Hudson Pacific Properties suspended its common shareholder dividend due to rising vacancy rates and weak demand for studio space post-2023 Hollywood strikes. HPP's Q3 2024 revenue dropped 13.4% year-o...
Firming Inflation Fizzles Optimism
U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueli...
Hudson Pacific Properties: This Duckling REIT Is Ready To Fly
Hudson Pacific Properties has faced significant challenges, particularly in its office and studio segments, but its current valuation presents an attractive risk-reward proposition for patient investo...
Hudson Pacific Properties, Inc. (HPP) Q3 2024 Earnings Call Transcript
Hudson Pacific Properties, Inc. (NYSE:HPP) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Laura Campbell – Executive Vice President-Investor Relations and Marketin...
Hudson Pacific Properties Reports Third Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company," "Hudson Pacific," or "HPP"), a unique provider of end-to-end real estate solutions for dynamic tech and media ...
Be Bio Announces $82 Million Financing and Transition to Clinical Stage Company
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Be Biopharma, Inc. (“Be Bio” or “the Company”), a leader in the discovery and development of engineered B Cell Medicines (BCMs), today announced key milestones along...
The State Of REITs: October 2024 Edition
REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...
Hudson Pacific Properties Announces Date for Third Quarter Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced it will release third quart...
This REIT dropped its dividend again. The Hollywood strikes are still causing pain.
Hudson Pacific Properties' stock sank Tuesday after the real-estate investment trust suspended its dividend, as the company continues to struggle nearly a year after the Hollywood writers and actors s...
Hudson Pacific Properties Suspends Common Stock Dividend and Declares Preferred Stock Dividend
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 Bo...
Hudson Pacific Properties: The Preferreds Have Dipped, But I'm Not Buying
Hudson Pacific Properties has faced headwinds from rising office vacancy in the San Francisco Bay Area. The Series C Preferreds currently offer a 9.3% yield on cost and are trading at a reasonable dis...
Michael Burry takes a new position in Hudson Pacific: Should you follow?
Famed investor Michael Burry, renowned for his prescient bet against the U.S. housing market prior to the 2008 financial crisis, has made a strategic move in Q2 2024 by initiating a new position in Hu...
Hudson Pacific: Preferreds Catch Up To Common, More Downside Ahead
HPP.PR.C shares dropped 20% since last article, while the common shares have fallen only 2%. HPP occupancy rate dropped year over year to 78.7%. We examine the setup after the Q2-2024 results and the ...
Office REIT Hudson Pacific Properties New Guidance Numbers Indicate Continued Weakness
Management's 3Q FFO guidance of $0.08-$0.12 disappointed REIT investors. Studio rentals continue to be weak even after various union contracts were settled. There is the risk that Hudson Pacific Prope...
Hudson Pacific Properties, Inc. (HPP) Q2 2024 Earnings Call Transcript
Hudson Pacific Properties, Inc. (NYSE:HPP) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Laura Campbell - EVP, IR & Marketing Victor Coleman - Chairman & CEO Mark La...
Hudson Pacific Properties Reports Second Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company," "Hudson Pacific," or "HPP"), a unique provider of end-to-end real estate solutions for dynamic tech and media ...