secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001482512-25-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Pacific Q1 net loss $74.7M, FFO ex-items $0.09/shr; signs 630K sf leases
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- Total revenue $198.5M, down from $214.0M YoY on asset sales and lower occupancy.
- Net loss $74.7M ($0.53/shr) vs. $52.2M loss a year ago; FFO (ex-items) $12.9M ($0.09/shr).
- In-service office occupancy 75.1% (down from 78.3% Q4 2024); same-store cash NOI $93.2M.
- Completed $475M CMBS financing; liquidity $839M (cash + revolver undrawn).
- Q2 FFO outlook $0.03-$0.07/shr; full-year assumptions updated (no specified items).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251225000038/0001482512-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251225000038/hpp-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001482512-25-000038

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