secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001482512-24-000079
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 Q2 revenue $218M (-11% YoY); net loss $0.33/sh; cuts NOI outlook
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- Revenue $218.0M vs $245.2M; net loss $47.0M ($0.33/sh) vs $36.2M loss in Q2 2023.
- FFO excluding specified items $24.5M ($0.17/sh) vs $34.5M ($0.24/sh) year ago.
- Signed 539,531 sq ft of leases, including 157,000 sq ft with City/County SF at 1455 Market (21-year term).
- Office occupancy 78.7% (80.0% leased), down from 79.0%/80.5% in Q1; Q3 FFO guidance $0.08-$0.12/sh.
- Full-year same-store cash NOI growth revised to -12.5% to -13.5%; no debt maturities until Nov 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000079/0001482512-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000079/hpp-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001482512-24-000079

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