Hudson Pacific Properties, Inc. (HPP)

Hudson Pacific Properties Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	723.63	736.65	731.52	856.37	894.08	832.72
Service and Other Revenue	90.87	94.46	110.57	95.93	132.14	64.11
Revenue	814.5	831.11	842.08	952.3	1,026	896.84
Revenue Growth (YoY)	-1.45%	-1.30%	-11.57%	-7.20%	14.43%	11.41%
Property Expenses	416.02	427.74	454.08	450.47	413.82	335.85
Total Property Expenses	416.02	427.74	454.08	450.47	413.82	335.85
Gross Profit	398.48	403.36	388	501.83	612.41	560.99
Selling, General & Admin	67.05	72.95	79.45	74.96	79.5	71.35
Depreciation & Amortization Expenses	362.6	374.97	354.43	397.85	373.22	343.61
Operating Income	-31.17	-44.56	-45.87	29.03	159.69	146.03
Net Gains on Disposal of Properties	-4.31	5.71	-2.45	103.2	-2.16	-
Interest Income	16.95	15.84	11.86	12.49	15.42	9.97
Interest Expense	166.71	172.22	177.39	214.42	149.9	121.94
Other Non-Operating Income (Expense)	-377.82	-397.35	-165.9	-94.21	-39.56	-5.05
Total Non-Operating Income (Expense)	-198.46	-203.58	20.89	235.9	123.6	126.86
Pretax Income	-563.04	-592.57	-379.77	-163.9	-16.52	29.01
Provision for Income Taxes	-0.12	-0.27	1.64	6.8	-	-
Net Income	-550.67	-572.25	-364.14	-192.18	-56.5	6.06
Minority Interest in Earnings	-32.71	-40.61	-38.47	-0.17	17.75	18.97
Net Income Attributable to Preferred Dividends	20.45	20.55	21.21	21.65	22.24	3.98
Net Income to Common	-550.67	-572.25	-364.14	-192.18	-56.5	6.06
Net Income Growth	-	-	-	-	-	1483.29%
Shares Outstanding (Basic)	56	45	20	20	21	22
Shares Outstanding (Diluted)	56	45	20	20	21	22
Shares Change (YoY)	175.39%	121.53%	0.17%	-1.93%	-5.40%	-0.80%
EPS (Basic)	-10.10	-12.81	-18.05	-9.54	-2.73	0.28
EPS (Diluted)	-10.10	-12.81	-18.05	-9.54	-2.73	0.28
Shares Outstanding	54.24	54.23	20.18	20.15	20.15	21.59
Free Cash Flow	-17.89	-45.17	-57.79	-72.31	-23.97	-148.99
Free Cash Flow Per Share	-0.32	-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	48.92%	48.53%	46.08%	52.70%	59.68%	62.55%
Operating Margin	-3.83%	-5.36%	-5.45%	3.05%	15.56%	16.28%
Profit Margin	-69.11%	-71.27%	-45.29%	-17.93%	-1.61%	3.23%
FCF Margin	-2.20%	-5.43%	-6.86%	-7.59%	-2.34%	-16.61%
EBITDA	331.44	330.41	308.55	426.87	532.91	489.64
EBITDA Margin	40.69%	39.76%	36.64%	44.83%	51.93%	54.60%
EBIT	-31.17	-44.56	-45.87	29.03	159.69	146.03
EBIT Margin	-3.83%	-5.36%	-5.45%	3.05%	15.56%	16.28%
Effective Tax Rate	0.02%	0.05%	-0.43%	-4.15%	0.00%	0.00%

Updated May 8, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q