Hudson Pacific Q4 net loss widens to $167M; occupancy falls, goodwill impairment

Hudson Pacific Properties, Inc.

2024-FY EPS reported -$2.58 revenue$842,082,000

Net loss attributable to common stockholders $167M ($1.18/sh) vs $98M loss a year ago; revenue $209.7M vs $223.4M.
FFO, ex-specified items, $15.5M ($0.11/sh) vs $19.6M ($0.14); GAAP FFO $(93.0)M due to $109.9M Quixote impairment.
Executed 442K sq ft of leases in Q4; in-service office occupancy 78.3% (down 80 bps QoQ). Leasing pipeline >2M sq ft.
Same-store cash NOI fell to $94.2M from $106.3M on lower office occupancy.
Sold two office properties for $70.8M total; credit facility amended to $775M. Q1 2025 FFO outlook $0.07-$0.11/sh.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.