Hudson Pacific Q4 net loss $98M; 2024 FFO guidance $1.00-$1.10

Hudson Pacific Properties, Inc.

2023-FY EPS reported -$1.36 revenue$952,297,000

Net loss attributable to common stockholders of $98.0M ($0.70/diluted) vs $12.0M loss ($0.09) a year ago.
Total revenue $223.4M, down 17% YoY from $269.9M; driven by asset sales and tenant move-outs.
FFO per diluted share (ex-specified items) $0.14 vs $0.49; same-store cash NOI $116.1M vs $127.4M.
Completed $889M in Q4 dispositions (One Westside, Cloud10, Hollywood Media Portfolio debt).
Full-year 2024 FFO guidance $1.00-$1.10 per share; same-store cash NOI expected to decline 11.5%-12.5%.

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 Fourth quarter 2023 results: revenue Total revenue of $223.4 million, net income Net loss attributable to common stockholders of $98.0 million, EPS $0.70 per diluted share loss.

Period: Fourth quarter 2023
Revenue: Total revenue of $223.4 million
Net income: Net loss attributable to common stockholders of $98.0 million
EPS: $0.70 per diluted share loss
Result: reported results

Exact text from the filing

to the benefit of our shareholders as we seek to drive improved financial performance in the coming year." Financial Results Compared to Fourth Quarter 2022 • Total revenue of $223.4 million compared to $269.9 million, largely due to the sales of Skyway Landing, 604 Arizona and 3401 Exposition, previously communicated tenant move-outs at 1455 Market and 10900-10950

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hudson Pacific Properties, Inc. updated its First quarter and full-year 2024 guidance (initiated).

Period: First quarter and full-year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Hudson Pacific is providing its first quarter and full-year 2024 FFO outlook in the range of $0.15 to $0.19 and $1.00 to $1.10 per diluted share, respectively.

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Hudson Pacific Properties, Inc. filing history →

Source: SEC EDGAR

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