Hudson Pacific Properties Declares Series C Cumulative Preferred Stock Dividend

Rhea-AI Summary

Hudson Pacific Properties (NYSE: HPP) announced the declaration of an initial dividend of $0.4453125 per share on its 4.750% Series C Cumulative Preferred Stock. The dividend will be paid on March 31, 2022, to shareholders of record on March 21, 2022. This marks a significant return for investors, highlighting the company's commitment to shareholder value. Hudson Pacific operates a vast portfolio of over 20 million square feet of real estate, focusing on innovation and media sectors with major tenants like Google and Netflix.

Positive

• Initial dividend of $0.4453125 per share demonstrates ongoing commitment to shareholder value.
• Company's portfolio exceeds 20 million square feet, indicating strong market presence.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced that the Company’s Board of Directors has declared the initial dividend on its 4.750% Series C Cumulative Preferred Stock of $0.4453125 per share. The dividend will be paid on March 31, 2022 to stockholders of record on March 21, 2022.

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling over 20 million square feet, including land for development. Focused on global epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Google, Netflix, Riot Games, Square, Uber and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP and listed as a component of the S&P MidCap 400 Index. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the Company from time to time with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220311005487/en/

Investor Contact:

Laura Campbell

Executive Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.com

Media Contact:

Laura Murray

Senior Director, Communications

(310) 622-1781

lmurray@hudsonppi.com

Source: Hudson Pacific Properties, Inc.

FAQ

What is the dividend amount declared by Hudson Pacific Properties for HPP?

Hudson Pacific Properties declared a dividend of $0.4453125 per share on its 4.750% Series C Cumulative Preferred Stock.

When will Hudson Pacific Properties pay its dividend?

The dividend will be paid on March 31, 2022, to stockholders of record as of March 21, 2022.

What is the stock symbol for Hudson Pacific Properties?

The stock symbol for Hudson Pacific Properties is HPP.

How large is Hudson Pacific Properties' real estate portfolio?

Hudson Pacific Properties has a real estate portfolio totaling over 20 million square feet.

Who are the major tenants of Hudson Pacific Properties?

Major tenants include Google, Netflix, Riot Games, Square, and Uber.