secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001482512-23-000143
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Pacific Q2 net loss $36.2M, FFO ex-items $0.24; strike suspends full-year guidance
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- Total revenue $245.2M (down 2.5% YoY); net loss $36.2M ($0.26 diluted) vs loss $7.4M ($0.05) in Q2 2022.
- FFO ex-items $34.5M ($0.24 diluted), down from $74.6M ($0.51); AFFO $31.1M ($0.22), down from $60.3M ($0.41).
- Same-store office cash NOI $127.6M (+4.7% YoY); in-service office 85.2% occupied, 87.0% leased.
- Executed 403,231 sq ft of leases, including 56k sq ft Rivian renewal; studio stages 95.7% leased (T12).
- CEO warns of expanded entertainment strike (WGA+SAG-AFTRA); full-year FFO guidance not reinstated; $581.2M liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251223000143/0001482512-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251223000143/hpp-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001482512-23-000143

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