Hudson pacific properties, inc. (HPP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
REVENUES
Revenues

206,227

215,919

208,218

196,656

197,389

198,433

180,698

175,169

174,118

189,333

190,021

180,500

168,285

167,198

164,583

154,321

153,537

154,651

151,556

151,819

62,824

67,535

68,155

62,129

55,596

57,436

53,348

47,390

47,384

42,570

40,566

39,094

38,231

28,595

36,917

33,407

34,804

17,505

11,087

OPERATING EXPENSES
Operating expenses

74,510

-

78,409

70,435

71,924

-

67,806

62,479

62,904

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

18,618

17,848

17,661

18,344

18,094

14,980

14,280

16,203

15,564

13,130

13,013

14,506

13,810

13,926

12,955

13,016

12,503

9,583

9,378

10,373

9,200

9,096

6,802

6,579

5,776

4,757

5,020

5,186

4,989

3,749

4,083

4,151

4,514

3,986

2,844

3,062

3,146

2,379

0

Depreciation and amortization

73,763

74,196

69,781

69,606

68,505

67,520

62,224

60,706

60,553

66,230

71,158

75,415

70,767

67,197

67,414

66,108

68,368

74,126

80,195

73,592

17,158

20,243

17,361

17,944

16,668

16,994

20,256

14,382

18,431

16,626

12,808

13,192

12,132

8,960

11,036

10,626

11,361

4,317

2,955

Total operating expenses

166,891

172,798

165,851

158,385

158,523

157,021

144,310

139,388

139,021

145,501

153,861

152,392

139,782

140,353

140,843

134,510

134,526

140,848

147,391

135,725

49,498

55,895

55,533

48,934

44,376

47,091

48,178

40,076

42,253

40,697

36,036

36,689

32,772

28,039

32,788

28,992

29,960

15,477

9,313

Operating Income

-

-

-

-

-

-

-

-

-

-

36,160

28,108

28,503

-

23,740

19,811

19,011

13,803

4,165

16,094

13,326

11,640

12,622

13,195

11,220

10,345

5,170

7,314

5,131

1,873

4,530

2,405

5,459

556

4,129

4,415

4,844

2,028

1,774

OTHER (EXPENSE) INCOME
Loss from unconsolidated real estate entity

-236

-402

-260

-85

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fee income

610

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

26,417

28,353

26,590

26,552

24,350

23,202

20,131

19,331

20,503

23,951

22,461

21,695

21,930

21,269

19,910

17,614

17,251

16,600

14,461

14,113

5,493

6,413

6,550

6,445

6,524

6,797

7,319

5,762

5,592

5,094

4,511

4,575

4,891

4,235

4,073

4,530

4,642

1,784

2,331

Interest income

1,025

1,010

1,002

1,008

1,024

1,225

418

66

9

7

44

16

30

44

130

73

13

6

17

48

53

9

1

11

9

10

22

90

150

157

142

2

5

6

36

23

8

31

3

Transaction-related expenses

102

208

331

0

128

252

165

0

118

0

598

0

0

-

315

61

-

-106

-83

37,481

6,044

4,322

214

0

105

454

483

509

0

236

455

299

61

931

762

0

0

256

2,433

Unrealized loss on non-real estate investment

-581

0

0

0

0

-

0

928

-

-

-37

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on ineffective portion of derivative instruments

-

-

-

-

-

-

-

-

-

-25

0

-51

6

194

879

-384

-2,125

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before gains on sale of real estate

-

-

-

-

-

-

-

-

-

-

14,510

6,954

7,287

-

5,217

1,872

-376

-2,745

-10,199

-35,492

1,883

-

5,915

-

4,599

-

-2,597

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

47,100

0

-

0

3,735

1,928

37,674

28,708

0

0

16,866

21,874

0

2,163

6,352

0

8,371

-591

22,691

-

5,538

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

0

0

0

0

52,201

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on interest rate contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

140

Other income (expense)

314

336

-333

181

-106

74

25

319

404

336

1,402

576

678

842

693

47

-24

-60

-3

-40

41

57

-56

12

1

58

-13

9

45

127

-125

46

44

75

133

118

117

-8

0

Total other (expense) income

-25,387

-26,158

20,588

-25,448

-75,761

-22,155

-16,118

-16,090

17,466

21,978

-21,650

-21,154

-21,216

10,200

-18,523

-17,939

-19,387

-16,548

-14,364

-51,586

-11,443

-10,755

-6,707

-6,446

-6,621

-7,101

-7,767

-6,190

-5,487

-5,116

-4,699

-4,918

-4,991

-5,235

-4,932

-4,625

-4,751

-2,001

-4,621

INCOME (LOSS) FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

885

11,453

6,749

4,599

3,244

-2,597

1,124

-356

-

-169

-2,513

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-38

-60

-66

-

-10

883

-

-

-105

284

-

-

-

-

-

-

-

Impairment loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

145

5,435

-

-

0

0

-

-

-

-

-

-

-

Net (loss) income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

-60

-66

25

-155

-4,552

673

-

-105

284

-

-

-

-

-

-

-

Net income (loss)

13,949

16,963

62,955

12,823

-36,895

19,257

20,270

19,691

52,563

48,944

14,510

6,954

24,153

28,530

5,217

4,035

5,976

-2,745

-1,828

-36,083

24,574

885

11,415

6,689

4,533

3,269

-2,752

-3,428

317

-2,971

-274

-2,229

468

-1,318

-803

-210

93

27

-2,847

Comprehensive loss (income) attributable to common units in the Operating Partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

293

-

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to preferred units

153

153

153

153

153

153

153

153

159

159

159

159

159

159

159

159

159

2,520

3,195

3,195

3,195

3,195

3,195

3,195

3,200

3,200

3,231

3,231

3,231

3,231

3,231

3,231

3,231

2,027

2,027

2,027

2,027

195

4

Net income attributable to participating securities

29

62

274

48

308

108

118

110

327

253

255

255

240

177

196

196

197

127

79

80

70

68

68

69

69

71

71

79

79

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest in consolidated real estate entities

3,517

3,554

3,660

3,317

2,821

2,873

2,520

3,167

3,323

15,958

2,991

2,974

3,037

2,424

2,525

2,396

1,945

-815

1,273

1,893

1,502

-6

259

-61

-43

78

-118

-291

10

-21

0

0

0

0

0

-10

813

0

-32

Net loss attributable to redeemable non-controlling interest in consolidated real estate entities

-633

-489

-347

-558

-600

120

49

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to restricted shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

79

78

-

53

62

62

25

0

Net (income) loss attributable to non-controlling interest in the operating partnership

106

107

460

77

-185

59

63

59

177

119

41

13

202

6,335

490

445

-1,422

-39,851

2,470

16,008

-596

82

-273

-121

-47

-3

242

263

131

310

179

322

203

248

211

188

299

-21

-256

Comprehensive income attributable to preferred units

-

-

-

-

-

-

-

-

159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Hudson Pacific Properties, L.P.

10,777

13,576

58,755

9,786

-39,392

15,944

17,367

16,202

48,577

32,455

11,064

3,553

20,515

22,279

1,847

839

2,253

-6,460

-3,905

-25,243

19,211

-2,290

7,620

3,365

1,260

-83

-5,694

-6,184

-2,872

-5,940

-3,395

-5,217

-2,638

-3,151

-2,672

-2,101

-2,510

-172

-2,563

Basic and diluted per unit amounts:
Net income (loss) attributable to common stockholders - basic (in dollars per share)

0.07

0.10

0.38

0.06

-0.26

0.11

0.11

0.10

0.31

0.21

0.07

0.02

0.14

0.20

0.02

0.01

0.03

-0.12

-0.04

-0.28

0.25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common stockholders - diluted (in dollars per share)

0.07

0.10

0.38

0.06

-0.26

0.11

0.11

0.10

0.31

0.21

0.07

0.02

0.14

0.19

0.02

0.01

0.03

-0.12

-0.04

-0.28

0.25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income attributable to common unitholders per unitbasic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.11

0.05

0.02

-

-0.10

-0.11

-0.06

-0.13

-0.07

-0.13

-0.08

-0.09

-0.08

-0.07

-0.11

-0.01

0.00

Net loss (income) from continuing operations attributable to common stockholders per share basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.11

0.05

0.02

0.00

-0.10

-0.03

-0.07

-

-0.07

-0.14

-

-

-

-

-

-

-

Net (loss) income from discontinued operations per share basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

-0.08

0.01

-

0.00

0.01

-

-

-

-

-

-

-

Weighted average shares of common stock outstanding—basic (in shares)

154,432

154,422

154,414

154,384

154,396

154,869

155,649

155,636

155,626

155,410

155,302

155,290

147,950

125,335

115,083

95,145

89,190

89,047

88,984

88,894

76,783

-

-

-

63,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares of common stock outstanding—diluted

158,109

160,827

156,498

154,687

154,396

152,811

156,669

156,590

156,714

153,391

156,093

156,095

149,950

139,620

116,262

95,995

89,597

88,500

88,984

88,894

77,330

-

-

-

63,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares of common stock outstanding - basic and diluted (shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,506

66,485

-

-

56,144

56,075

52,184

-

46,668

39,772

33,320

33,315

33,146

29,161

21,949

21,946,508

0

Dividends declared per share/unit (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.25

0.25

-

0.20

0.20

0.20

-

0.12

0.12

-

-

0.12

0.12

0.12

-

0.12

0.12

0.12

-

0.12

0.12

0.12

-

0.12

0.12

0.12

0.09

0.00

Office
Rental

181,113

186,914

179,197

172,256

170,197

143,407

129,963

129,732

130,082

-

-

-

133,516

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant recoveries

-

-

0

0

-

25,281

24,615

21,960

20,904

-

-

-

17,401

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

5,314

-

-

-

5,661

-

-

-

-

-

172,174

166,852

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

186,427

192,815

186,015

179,047

175,858

175,989

161,446

158,550

156,532

-

-

-

156,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Parking and other

-

-

-

-

-

-

-

-

-

-

-

-

5,899

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

63,860

67,529

66,969

60,896

60,815

62,345

57,295

53,940

53,240

56,349

59,102

55,468

47,954

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Studio
Rental

12,915

13,339

11,086

14,521

12,394

11,912

11,731

10,708

10,383

-

-

-

6,685

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

6,885

-

-

-

9,137

-

-

-

-

-

17,847

13,648

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

19,800

23,104

22,203

17,609

21,531

22,444

19,252

16,619

17,586

-

-

-

11,469

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other property-related revenue

-

-

-

-

-

-

-

-

-

-

-

-

4,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Parking and other

-

-

-

-

-

-

-

-

-

-

-

-

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

10,650

13,225

11,440

9,539

11,109

12,176

10,511

8,539

9,664

9,792

10,588

7,003

7,251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Studio Segment
Tenant recoveries

-

-

0

0

-

860

299

500

354

-

-

-

665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hudson Pacific Partners L.P.
Revenues

-

-

-

-

-

-

-

-

-

-

190,021

180,500

168,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

206,227

215,919

208,218

196,656

197,389

198,433

180,698

175,169

174,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

18,618

17,848

17,661

18,344

18,094

14,980

14,280

16,203

15,564

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

73,763

74,196

69,781

69,606

68,505

67,520

62,224

60,706

60,553

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

166,891

172,798

165,851

158,385

158,523

157,021

144,310

139,388

139,021

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCOME FROM OPERATIONS

-

-

-

-

-

-

-

-

-

-

36,160

28,108

28,503

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from unconsolidated real estate entity

-236

-402

-260

-85

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fee income

610

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

26,417

28,353

26,590

26,552

24,350

23,202

20,131

19,331

20,503

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

1,025

1,010

1,002

1,008

1,024

1,225

418

66

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction-related expenses

102

-

331

0

128

-

165

0

118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on non-real estate investment

-581

0

0

0

0

-

0

928

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCOME BEFORE GAINS ON SALE OF REAL ESTATE

-

-

-

-

-

-

-

-

-

-

14,510

6,954

7,287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

47,100

0

-

0

3,735

1,928

37,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

0

0

0

0

52,201

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction-related expenses

-

-

-

-

-

-

-

-

-

-

598

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)

314

336

-333

181

-106

74

25

319

404

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other (expense) income

-25,387

-77,054

20,588

25,448

-75,761

-54,335

-16,118

16,090

17,466

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

13,949

16,963

62,955

12,823

-36,895

19,257

20,270

19,691

52,563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to preferred units

153

153

153

153

153

-

153

153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to participating securities

72

106

460

48

308

108

118

110

327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest in consolidated real estate entities

3,517

-

3,660

3,317

2,821

-

2,520

3,167

3,323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest in consolidated entities

-

-

-

-

-

-

-

-

-

-

2,991

2,974

3,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to redeemable non-controlling interest in consolidated real estate entities

-633

-489

-347

-558

-600

120

49

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income attributable to preferred units

-

-

-

-

-

-

-

-

159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income attributable to preferred units

-

-

-

-

-

-

-

-

-

-

159

159

159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Hudson Pacific Properties, L.P.

11,065

13,898

59,642

10,064

-39,116

16,264

17,701

16,524

49,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS

10,840

13,639

59,029

9,863

-39,577

16,003

17,430

16,261

48,754

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common unitholders —basic (in dollars per share)

0.07

0.10

0.38

0.06

-0.26

0.11

0.11

0.10

0.31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common unitholders —diluted (in dollars per share)

0.07

0.10

0.38

0.06

-0.26

0.11

0.11

0.10

0.31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares of common units outstanding—basic (in shares)

155,344

155,019

155,135

155,105

155,120

155,438

156,218

156,205

156,195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares of common units outstanding—diluted (in shares)

157,501

157,144

156,010

156,175

155,120

153,380

157,238

157,159

157,283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

-

-

-

0.25

0.25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hudson Pacific Partners, L.P.
General and administrative

-

-

-

-

-

-

-

-

-

-

13,013

14,506

13,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

71,158

75,415

70,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL OPERATING EXPENSES

-

-

-

-

-

-

-

-

-

-

153,861

152,392

139,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

22,461

21,695

21,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

44

16

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on non-real estate investment

-

-

-

-

-

-

-

-

-

-

-37

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on ineffective portion of derivative instrument

-

-

-

-

-

-

-

-

-

-

0

-51

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sale of real estate

-

-

-

-

-

-

-

-

-

-

0

0

16,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

1,402

576

678

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL OTHER EXPENSES

-

-

-

-

-

-

-

-

-

-

-21,650

-21,154

-21,216

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

14,510

6,954

24,153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to participating securities

-

-

-

-

-

-

-

-

-

-

255

255

240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Hudson Pacific Properties, L.P.

-

-

-

-

-

-

-

-

-

-

11,519

3,980

21,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Hudson Pacific Properties, Inc. common stockholders

-

-

-

-

-

-

-

-

-

-

11,105

3,566

20,717

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common unitholders - basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.07

0.02

0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common unitholders — diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.07

0.02

0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares of common units outstanding - basic (in shares)

-

-

-

-

-

-

-

-

-

-

155,871

155,859

149,407

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares of common units outstanding - diluted (in shares)

-

-

-

-

-

-

-

-

-

-

156,662

156,664

150,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-