secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001482512-22-000148
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 Q3 net loss $0.12/dil share; revenue up 14.4% to $260.4M; guidance narrowed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251222000148/0001482512-22-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251222000148/hpp-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001482512-22-000148

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