secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001482512-22-000090
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Pacific posts Q1 net loss of $19.8M; same-store NOI up 1.4%; narrows FFO guidance
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- Net loss $19.8M ($0.13 diluted) vs net income $5.0M ($0.03) a year ago; revenue up 14.7% to $244.5M.
- FFO excluding specified items rose 2.3% to $75.2M ($0.50/diluted); AFFO grew 11.8% to $58.6M.
- Leased 504K sq ft; in-service office 91.1% occupied, 92.3% leased; GAAP rent spreads +12.0%.
- Initiated $200M ASR with 6.6M shares repurchased; liquidity $802.6M; declared $0.25/share dividend.
- Narrowed FY22 FFO guidance to $2.02-$2.08/sh; assumes $325-$350M property sales proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251222000090/0001482512-22-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251222000090/hpp-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001482512-22-000090

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