Hudson Pacific Properties (HPP) reported Q4 2025 total revenue of USD 256.0 million, including an USD 81.0 million lease termination payment tied to the sale of its Element LA office campus. Net loss attributable to common stockholders was USD 277.9 million, or USD 4.31 per diluted share, and FFO was USD -200.0 million, or USD -3.06 per diluted share. FFO excluding specified items was USD 13.6 million, or USD 0.21 per diluted share, and AFFO was USD -9.1 million, or USD -0.14 per diluted share. Same-store cash NOI was USD 84.8 million. HPP said it executed 79 new and renewal leases totaling 518,196 square feet in Q4, with GAAP rents up 0.4% and cash rents down 9.0%. The in-service office portfolio ended Q4 at 76.3% occupied and 77.0% leased, while the in-service studio portfolio and stages were 67.1% and 69.1% leased, respectively, over the trailing 12 months. During the quarter, HPP sold Element LA (284,000 square feet) for USD 150.0 million and used proceeds to repay USD 206.0 million of CMBS debt tied to the property; it also completed Sunset Pier 94 Studios in Manhattan and said about 90% of the facility, including all six stages, is leased within the first quarter of operations. For FY 2026, HPP issued FFO guidance of USD 0.96 to USD 1.06 per diluted share.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hudson Pacific Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260226516079) on February 26, 2026, and is solely responsible for the information contained therein.
Comments