secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001482512-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000025/0001482512-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000025/hpp-20240212.htm
  HTML page:      https://secwatch.observer/filing/0001482512-24-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer