secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001482512-26-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HPP Q4 net loss $277.9M; FFO ex-items $0.21; provides 2026 FFO outlook $0.96-$1.06
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- Total revenue $256.0M vs $209.7M YoY, lifted by $81M lease termination fee from Element LA sale.
- Same-store cash NOI fell to $84.8M vs $94.3M due to lower office occupancy; office occupancy 76.3% (up 40bps QoQ).
- Signed 518K sq ft of leases in Q4, 2.2M in 2025; renewal with Weil Gotshal for 59K sq ft through 2038.
- 2026 full-year FFO guidance $0.96-$1.06/dil share; implies improvement from $0.84 annualized Q4 ex-items run rate.
- Liquidity $933.6M; net debt to undepreciated book value 31.9%; no debt maturities until Q3 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251226000033/0001482512-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251226000033/hpp-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001482512-26-000033

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