---
schema_version: "secwatch.filing_event.v1"
accession: "0001482512-23-000095"
form_type: "8-K"
ticker: "HPP"
cik: "0001482512"
company_name: "Hudson Pacific Properties, Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T12:50:36.732212+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hudson Pacific Q1 net loss $20.4M, FFO down 35%; cuts dividend 40-50%; withdraws FFO guidance due to writers strike

## Summary
- Net loss attributable to common stockholders of $20.4M ($0.14/diluted) vs $19.8M loss in Q1 2022.
- FFO (excl. specified items) $49.7M ($0.35/diluted), down 34% YoY from $75.2M ($0.50).
- Revenue $252.3M, up 3.2% driven by Quixote acquisition; March production slowed by writers strike.
- Board approved 40-50% common dividend reduction; exact amount to be determined later in May.
- Withdrew 2023 FFO guidance citing WGA strike uncertainty; office same-store cash NOI growth 1-2% reaffirmed.

## SEC filing metadata
- accession: 0001482512-23-000095
- form_type: 8-K
- ticker: HPP
- cik: 0001482512
- company_name: Hudson Pacific Properties, Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482512/000148251223000095/0001482512-23-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482512/000148251223000095/hpp-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482512-23-000095
- JSON: https://secwatch.observer/filing/0001482512-23-000095.json
- Plain text: https://secwatch.observer/filing/0001482512-23-000095.txt

## Key facts
- Earnings Releases
  Hudson Pacific Properties, Inc. reported first quarter ended March 31, 2023 results: revenue Total revenue of $252.3 million, net income Net loss attributable to common stockholders of $20.4 million, or $0.14 per diluted share, EPS $0.14 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: Total revenue of $252.3 million
  - Net income: Net loss attributable to common stockholders of $20.4 million, or $0.14 per diluted share
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: approval to bring our dividend policy in line with other capital preservation efforts as we move forward." Financial Results Compared to First Quarter 2022 • Total revenue of $252.3 million up 3.2% compared to $244.5 million, primarily due to the acquisition of Quixote in the third quarter 2022 • Net loss attributable to common stockholders of $20.4 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482512/000148251223000095/0001482512-23-000095-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.