Hudson Pacific Q3 revenue down 11%; net loss widens to $0.27/sh; dividend suspended

Hudson Pacific Properties, Inc.

2023-Q3 EPS reported -$0.67 revenue$728,874,000

Total revenue $231.4M vs $260.4M, driven by asset sales and studio strike impact.
Net loss attributable to common $37.6M ($0.27/diluted share) vs loss of $17.3M.
FFO (ex-specified items) $26.1M ($0.18) vs $74.1M ($0.52); FFO $26.1M vs $64.4M.
Same-store cash NOI $126.7M, up 0.4% YoY; office same-store NOI up 3.5%.
Board suspended common dividend; sold two office properties for $72.5M total.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hudson Pacific Properties, Inc. reported financial results for third quarter 2023.

Period: third quarter 2023
Result: reported results

Exact text from the filing

issued a press release regarding our financial results for our third quarter ended September 30, 2023.

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Hudson Pacific Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001482512-23-000155

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