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Hudson Pacific Properties, Inc. (NYSE: HPP) reported financial results for Q1 2024 with 509,000 square feet of leasing activity and the purchase of a partner's 45% stake in 1455 Market. The company provided its Q2 FFO outlook and updated full-year assumptions. Total revenue decreased to $214.0 million compared to $252.3 million in Q1 2023, resulting in a net loss of $52.2 million. FFO, excluding specified items, was $24.2 million. Leasing activity included 73 new and renewal leases totaling 508,615 square feet. Hudson Pacific's in-service office and studio portfolios remain in line with the full-year 2024 outlook. The company's FFO outlook for Q2 is $0.15 to $0.19 per diluted share. However, challenges in the film and television industry post-strikes affect production and cash flow related to the Quixote business, leading to uncertainties in estimating future performance.