earnings
confidence high
sentiment negative
materiality 0.70
Hudson Pacific Q2 2022: Revenue $251.4M (+16.6%), net loss $0.05/share, FFO $0.51; guidance trimmed to $2.00-$2.06
Hudson Pacific Properties, Inc.
2022-Q2 EPS reported
-$0.19
revenue$495,943,000
- Total revenue $251.4M (+16.6% YoY); same-store cash NOI grew 7.3% to $125.2M.
- Net loss attributable to common stockholders $7.4M ($0.05/diluted share) vs net income $2.3M in Q2 2021.
- Leasing activity 714K sq ft; GAAP rent spreads +16.2%, cash +5.5%; office portfolio 92.3% leased.
- Full-year 2022 FFO guidance lowered to $2.00-$2.06 per diluted share from $2.02-$2.08.
- Repurchased 2.1M shares at avg $17.65; completed ASR program totalling 8.1M shares at avg $24.60.