8-K
filed November 2, 2022, 7:59 PM ET
ticker HPP
CIK 0001482512
earnings
confidence high
sentiment negative
materiality 0.70
Hudson Pacific Q3 net loss $0.12/dil share; revenue up 14.4% to $260.4M; guidance narrowed
Hudson Pacific Properties, Inc.
2022-Q3 EPS reported
-$0.31
revenue$756,297,000
- Net loss attributable to common stockholders $17.3M ($0.12/dil) vs net loss $9.3M ($0.06/dil) in Q3 2021.
- Total revenue increased 14.4% to $260.4M; same-store property cash NOI declined to $122.7M from $125.2M.
- FFO excluding items $0.52/dil vs $0.50/dil YoY; 2022 FFO guidance narrowed to $2.01-$2.05 from $2.00-$2.06.
- Leased 381,364 sq ft with GAAP rent spreads +8.7%, cash +3.4%; office portfolio 87.8% occupied.
- Acquired Quixote for $360M; sold three office properties for ~$144.8M; liquidity $951.7M post-quarter.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Hudson Pacific Properties, Inc. updated its Full Year 2022 guidance (reaffirmed).
- Period
- Full Year 2022
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
The Company is narrowing its 2022 full-year FFO guidance to a range of $2.01 to $2.05 per diluted share
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Hudson Pacific Properties, Inc. reported third quarter ended September 30, 2022 results: revenue $260.4 million, net income $17.3 million, EPS $0.12 per diluted share.
- Period
- third quarter ended September 30, 2022
- Revenue
- $260.4 million
- Net income
- $17.3 million
- EPS
- $0.12 per diluted share
- Result
- reported results
Exact text from the filing
Total revenue increased 14.4% to $260.4 million
View on SEC.gov
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