Hudson Pacific Properties (NYSE:HPP) Releases Earnings Results, Beats Estimates By $1.01 EPS

Hudson Pacific Properties (NYSE:HPP) posted its earnings results on Thursday. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.73) by $1.01, Zacks reports. The firm had revenue of $180.89 million during the quarter, compared to analyst estimates of $181.62 million. Hudson Pacific Properties had a negative net margin of 80.01% and a negative return on equity of 25.07%. Hudson Pacific Properties updated its FY 2026 guidance to 1.150-1.210 EPS.

Here are the key takeaways from Hudson Pacific Properties’ conference call:

• Office leasing momentum continued: occupancy rose for a fifth consecutive quarter to 85.6%, and the 2.1 million-square-foot pipeline includes 1.1 million square feet in advanced stages. Management said the pipeline’s size and maturity could support growth into 2027.
• Core FFO per diluted share increased about 8% year over year to $0.28, while same-store cash NOI grew 8.3%. Hudson Pacific raised its 2026 core FFO outlook to $1.15–$1.21 per share.
• The company reported a $218.1 million net loss, primarily from non-cash impairments at Skyport Plaza and Hill7 and a loss on asset sales. Despite debt reduction and $840 million of pro forma liquidity, net debt to cash-adjusted EBITDAre remained high at 11.4x, with upcoming maturities and $333 million of revolver commitments expiring in December.
• Studio results were mixed: prime stages remained well leased and studio NOI improved, but Los Angeles on-location shoot days were 29% below the five-year average. Proposed federal and California production incentives could help, though they are not yet enacted.

Hudson Pacific Properties Trading Down 3.8%

Shares of HPP traded down $0.33 during midday trading on Friday, hitting $8.43. The stock had a trading volume of 1,204,388 shares, compared to its average volume of 913,149. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $17.20. The firm has a market cap of $457.50 million, a PE ratio of -0.83, a price-to-earnings-growth ratio of 0.53 and a beta of 2.02. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.33 and a quick ratio of 1.11. The stock’s 50 day moving average is $11.34 and its 200 day moving average is $10.90.

Wall Street Analyst Weigh In

HPP has been the subject of several research reports. Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Zacks Research downgraded shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Wall Street Zen cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Sunday, September 20th. Wells Fargo & Company restated an “overweight” rating and set a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Hudson Pacific Properties in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.27.

Trending Headlines about Hudson Pacific Properties

Here are the key news stories impacting Hudson Pacific Properties this week:

• Positive Sentiment: Quarterly FFO was $0.28 per share, topping the $0.25 consensus estimate and matching the year-ago period. Zacks article on Q3 FFO
• Positive Sentiment: HPP set 2026 EPS guidance at $1.15–$1.21, a range that brackets the $1.16 analyst consensus. Bisnow report
• Negative Sentiment: The company posted a $218 million loss, partly reflecting losses on office-property sales. Such losses and continued office-market challenges may weigh on sentiment. Bisnow report on the loss
• Negative Sentiment: Revenue was $180.89 million, slightly below analysts’ $181.62 million estimate. Q3 financial results

Insider Activity

In other news, Director Jon Bortz purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $13.40 per share, with a total value of $335,000.00. Following the purchase, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.47% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.