---
schema_version: "secwatch.filing_event.v1"
accession: "0001482512-24-000046"
form_type: "8-K"
ticker: "HPP"
cik: "0001482512"
company_name: "Hudson Pacific Properties, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:41:42.620042+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hudson Pacific Q1 rev $214M, net loss $0.37/sh; same-store NOI guide -11.75% to -12.75%; dividend $0.05

## Summary
- Q1 revenue $214.0M vs $252.3M YoY; net loss $52.2M ($0.37/sh) vs loss $20.4M ($0.14/sh).
- FFO ex-items $24.2M ($0.17/sh) vs $49.7M ($0.35/sh); AFFO $28.5M ($0.19/sh) vs $35.0M ($0.24/sh).
- Leased 508,615 sqft in Q1; post-quarter signed 157k sqft lease with City of San Francisco at 1455 Market.
- Purchased partner's 45% stake in 1455 Market for $43.5M; office occupancy 79.0% (vs 80.8% Q4).
- Q2 FFO outlook $0.15-$0.19/sh; full-year same-store cash NOI growth -11.75% to -12.75%.

## SEC filing metadata
- accession: 0001482512-24-000046
- form_type: 8-K
- ticker: HPP
- cik: 0001482512
- company_name: Hudson Pacific Properties, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482512/000148251224000046/0001482512-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482512/000148251224000046/hpp-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482512-24-000046
- JSON: https://secwatch.observer/filing/0001482512-24-000046.json
- Plain text: https://secwatch.observer/filing/0001482512-24-000046.txt

## Key facts
- Earnings Releases
  Hudson Pacific Properties, Inc. reported first quarter 2024 results: revenue $214.0 million, net income $52.2 million, or $0.37 per diluted share, EPS $0.37 per diluted share.
  - Period: first quarter 2024
  - Revenue: $214.0 million
  - Net income: $52.2 million, or $0.37 per diluted share
  - EPS: $0.37 per diluted share
  - Result: reported results
  source text: leased on a show-by-show basis, we are adjusting our outlook to account for this industry uncertainty." Financial Results Compared to First Quarter 2023 • Total revenue of $214.0 million compared to $252.3 million, with the primary drivers being asset sales, followed by a large tenant vacating space at 1455 Market, and lower occupancy and utilization of studio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482512/000148251224000046/0001482512-24-000046-index.htm

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