Hudson Pacific Q4 2022 net loss $12M; FFO $0.49/diluted; 2023 guidance $1.77-$1.87

Hudson Pacific Properties, Inc.

2022-FY EPS reported -$0.39 revenue$1,026,224,000

Total revenue $269.9M (+12.2% YoY), net loss $12.0M ($0.09 diluted) vs net income $8.1M in Q4 2021.
FFO excluding items $70.2M ($0.49/diluted) down from $79.6M ($0.52); same-store cash NOI up 2.7% to $126.9M.
Leased 517k sq ft in 76 deals; office portfolio 88% occupied, 89.7% leased; studio 84.6% leased.
Sold two office properties: 6922 Hollywood ($96M) and Skyway Landing ($102M after quarter).
2023 FFO guidance $1.77-$1.87/diluted; $1B liquidity; 85.1% fixed/capped debt; weighted avg maturity 4.1 years.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hudson Pacific Properties, Inc. reported the fourth quarter ended December 31, 2022 results: revenue Total revenue of $269.9 million, net income Net loss attributable to common stockholders of $12.0 million, or $0.09 per diluted share. Guidance reaffirmed.

Period: the fourth quarter ended December 31, 2022
Revenue: Total revenue of $269.9 million
Net income: Net loss attributable to common stockholders of $12.0 million, or $0.09 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today’s market and prepare for the next cycle, all with an eye towards unlocking value for shareholders." Financial Results Compared to Fourth Quarter 2021 • Total revenue of $269.9 million up 12.2% compared to $240.5 million • Net loss attributable to common stockholders of $12.0 million, or $0.09 per diluted share, compared to net income of $8.1 million, or $0.05

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Source: SEC EDGAR

accession 0001482512-23-000045

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