secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001482512-25-000024
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 Q4 net loss widens to $167M; occupancy falls, goodwill impairment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251225000024/0001482512-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251225000024/hpp-20250220.htm
  HTML page:      https://secwatch.observer/filing/0001482512-25-000024

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