Hudson Pacific Q2 Core FFO $0.35 (+30% YoY); occupancy up 470 bps; guidance raised

Hudson Pacific Properties, Inc.

Core FFO $0.35 per diluted share, up 30% from $0.27; FFO $0.24 vs $(0.38) loss.
Revenue $188.3M; same-store cash NOI $90.2M, up 7.5% YoY.
In-service office occupancy 82.5% (up 470 bps); executed 1.3M sq ft leases, including 891k sq ft with San Francisco.
Full-year 2026 Core FFO guidance raised to $1.12-$1.20 from $1.10-$1.18.
Total liquidity $876M; net debt to undepreciated book 32.4%; sold 2001 Gateway for $25M.

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