secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001482512-24-000046
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000046/0001482512-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000046/hpp-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001482512-24-000046

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