Hudson Pacific Properties, Inc. (HPP)

Hudson Pacific Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	736.65	731.52	856.37	894.08	832.72
Service and Other Revenue	94.46	110.57	95.93	132.14	64.11
Revenue	831.11	842.08	952.3	1,026	896.84
Revenue Growth (YoY)	-1.30%	-11.57%	-7.20%	14.43%	11.41%
Property Expenses	427.74	454.08	450.47	413.82	335.85
Total Property Expenses	427.74	454.08	450.47	413.82	335.85
Gross Profit	403.36	388	501.83	612.41	560.99
Selling, General & Admin	72.95	79.45	74.96	79.5	71.35
Depreciation & Amortization Expenses	374.97	354.43	397.85	373.22	343.61
Operating Income	-44.56	-45.87	29.03	159.69	146.03
Net Gains on Disposal of Properties	5.71	-2.45	103.2	-2.16	-
Interest Income	15.84	11.86	12.49	15.42	9.97
Interest Expense	172.22	177.39	214.42	149.9	121.94
Other Non-Operating Income (Expense)	-397.35	-165.9	-94.21	-39.56	-5.05
Total Non-Operating Income (Expense)	-203.58	20.89	235.9	123.6	126.86
Pretax Income	-592.57	-379.77	-163.9	-16.52	29.01
Provision for Income Taxes	-0.27	1.64	6.8	-	-
Net Income	-572.25	-364.14	-192.18	-56.5	6.06
Minority Interest in Earnings	-40.61	-38.47	-0.17	17.75	18.97
Net Income Attributable to Preferred Dividends	20.55	21.21	21.65	22.24	3.98
Net Income to Common	-572.25	-364.14	-192.18	-56.5	6.06
Net Income Growth	-	-	-	-	1483.29%
Shares Outstanding (Basic)	45	20	20	21	22
Shares Outstanding (Diluted)	45	20	20	21	22
Shares Change (YoY)	121.53%	0.17%	-1.93%	-5.40%	-0.80%
EPS (Basic)	-12.81	-18.05	-9.54	-2.73	0.28
EPS (Diluted)	-12.81	-18.05	-9.54	-2.73	0.28
Free Cash Flow	-45.17	-57.79	-72.31	-23.97	-148.99
Free Cash Flow Per Share	-1.01	-2.87	-3.59	-1.17	-6.86
Dividends Per Share	-	0.700	2.630	7.000	7.000
Dividend Growth	-	-73.38%	-62.43%	-	-
Gross Margin	48.53%	46.08%	52.70%	59.68%	62.55%
Operating Margin	-5.36%	-5.45%	3.05%	15.56%	16.28%
Profit Margin	-71.27%	-45.29%	-17.93%	-1.61%	3.23%
FCF Margin	-5.43%	-6.86%	-7.59%	-2.34%	-16.61%
EBITDA	330.41	308.55	426.87	532.91	489.64
EBITDA Margin	39.76%	36.64%	44.83%	51.93%	54.60%
EBIT	-44.56	-45.87	29.03	159.69	146.03
EBIT Margin	-5.36%	-5.45%	3.05%	15.56%	16.28%
Effective Tax Rate	0.05%	-0.43%	-4.15%	0.00%	0.00%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q