Hudson Pacific posts Q1 net loss $53.1M but raises FY Core FFO outlook to $1.10-$1.18

Hudson Pacific Properties, Inc.

2026-Q1 EPS reported -$0.82 revenue$181,852,000

Total revenue $181.9M (down from $198.5M YoY); net loss $53.1M vs $74.7M YoY.
Core FFO $0.25/diluted share; FFO $0.27/diluted share vs $0.15 YoY.
Office occupancy improved to 77.8% (76.3% prior quarter); 554k sf leased in Q1.
Hollywood stages 97% leased; Sunset Pier 94 stages reached 100% by quarter end.
2026 Core FFO guidance raised to $1.10-$1.18/diluted share from $0.96-$1.06.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hudson Pacific Properties, Inc. reported first quarter 2026 results: revenue $181.9 million, net income $53.1 million, or $0.82 per diluted share. Guidance raised.

Period: first quarter 2026
Revenue: $181.9 million
Net income: $53.1 million, or $0.82 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

trong first quarter, continued leasing momentum, and the further streamlining of Quixote have led us to raise our outlook, reinforcing our path to FFO growth through the balance of the year." Financial Results Compared to First Quarter 2025 • Total revenue of $181.9 million compared to $198.5 million, primarily due to the Element LA office disposition and office tenant move outs, combined with stable studio production activity • General and administrative expenses improved to $12.6 million compared to $18.5 million, driven by cost savings initiatives • Net loss of $53.1 million, or $0.82 per diluted share, compared to $74.7 million, or $3.70 per diluted share, driven by cost reductions, lower non-real estate depreciation, and prior-year impairment charges, partially offset by prior-year gains on asset sales • Core FFO of $16.5 million, or $0.25 per diluted share, compared to $12.9 millio

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Source: SEC EDGAR

accession 0001482512-26-000047

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