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Hudson Pacific Properties, Inc. - HPP STOCK NEWS

Welcome to our dedicated page for Hudson Pacific Properties news (Ticker: HPP), a resource for investors and traders seeking the latest updates and insights on Hudson Pacific Properties stock.

Hudson Pacific Properties, Inc. (NYSE: HPP) is a premier, vertically-integrated real estate company specializing in the acquisition, development, and operation of high-quality office and state-of-the-art media and entertainment properties. Founded in 2006 and going public in 2010, Hudson Pacific Properties has grown its portfolio to approximately 17.3 million square feet, strategically located in high-growth, high-barrier-to-entry markets across Northern and Southern California and the Pacific Northwest.

The company focuses on creating additional value through its expertise in leasing, capital investment, and management. Hudson Pacific Properties' portfolio includes a diverse array of assets catering to Fortune 500 companies and industry-leading growth enterprises, particularly in the technology, media, and entertainment sectors. Its properties are designed to meet the demands of next-generation workspaces, featuring innovative and design-forward environments.

Hudson Pacific Properties operates in two main segments: office properties and related operations, and studio properties and related operations. The majority of the company's revenue is derived from its office properties segment, which includes premier office buildings in urban hubs like Greater Seattle, San Francisco, and Los Angeles. The studio properties segment is equally significant, featuring state-of-the-art sound stages and production facilities that serve as the backbone for major media and entertainment projects.

In recent years, Hudson Pacific Properties has made significant strides in expanding its portfolio and enhancing its market presence. The company has been involved in several high-profile projects and partnerships, solidifying its status as a leading real estate investment trust (REIT). With a commitment to sustainable and innovative development, Hudson Pacific Properties continues to set new standards in the commercial real estate industry.

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Hudson Pacific Properties, Inc. (NYSE: HPP) successfully refinances Bentall Centre loan, securing a $454.8 million mortgage at a fixed rate of 4.36%. No debt maturities until December 2024. Significant capital investments and strong operating performance underscore the quality of the asset.
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Hudson Pacific Properties, Inc. (NYSE: HPP) announced its financial results for the third quarter of 2023. Total revenue was $231.4 million, compared to $260.4 million in the same period last year. The net loss attributable to common stockholders was $37.6 million, or $0.27 per diluted share. FFO, excluding specified items, was $26.1 million, or $0.18 per diluted share. Leasing activity included 53 new and renewal leases totaling 519,167 square feet. The in-service office portfolio ended the quarter at 81.3% occupied and 83.1% leased. The company sold two office properties for a total of $72.5 million and entered into a joint venture to develop a Sunset Studios facility in Manhattan. The company's Board of Directors suspended payment of a quarterly dividend on its common stock.
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Hudson Pacific Properties to release Q3 financial results on November 1, 2023
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Hudson Pacific Properties suspends quarterly dividend on common stock due to ongoing Hollywood strike.
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Hudson Pacific Properties to participate in BofA Securities 2023 Global Real Estate Conference
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Hudson Pacific Properties divests two office properties for $72.5 million, resulting in a $22 million gain
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Hudson Pacific Properties, Inc. announces financial results for Q2 2023. Total revenue of $245.2 million, net loss of $36.2 million, FFO of $34.5 million, and AFFO of $31.1 million. Same-store cash NOI up 4.7%. Leased office portfolio at 85.2% occupied and 87.0% leased. $581.2 million of total liquidity. 2023 outlook not reinstated due to uncertainty.
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Hudson Pacific Properties will release Q2 financial results on August 1, 2023. The company will hold a conference call and webcast on August 2, 2023 to discuss the results.
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FAQ

What is the current stock price of Hudson Pacific Properties (HPP)?

The current stock price of Hudson Pacific Properties (HPP) is $3.32 as of November 22, 2024.

What is the market cap of Hudson Pacific Properties (HPP)?

The market cap of Hudson Pacific Properties (HPP) is approximately 452.4M.

What is Hudson Pacific Properties, Inc.?

Hudson Pacific Properties, Inc. (NYSE: HPP) is a real estate investment trust that focuses on acquiring, developing, and operating high-quality office and media properties on the West Coast.

When was Hudson Pacific Properties founded?

Hudson Pacific Properties was founded in 2006.

What are the main segments Hudson Pacific Properties operates in?

The company operates in two main segments: office properties and related operations, and studio properties and related operations.

Where are Hudson Pacific Properties' assets located?

The company's assets are primarily located in high-growth, high-barrier-to-entry markets across Northern and Southern California and the Pacific Northwest.

How much square footage is in Hudson Pacific Properties' portfolio?

Hudson Pacific Properties' portfolio totals approximately 17.3 million square feet.

Who are the typical tenants of Hudson Pacific Properties?

The company's tenants include Fortune 500 companies and industry-leading growth enterprises, particularly in the technology, media, and entertainment sectors.

What is the focus of Hudson Pacific Properties' development projects?

The company focuses on creating design-forward, next-generation workspaces that cater to the needs of modern businesses.

What type of properties does Hudson Pacific Properties specialize in?

Hudson Pacific Properties specializes in office buildings and media and entertainment properties, such as sound stages.

When did Hudson Pacific Properties go public?

The company went public in 2010.

What is Hudson Pacific Properties' stock symbol?

Hudson Pacific Properties' stock symbol is HPP.

Hudson Pacific Properties, Inc.

NYSE:HPP

HPP Rankings

HPP Stock Data

452.37M
136.37M
3.33%
110.53%
16.13%
REIT - Office
Real Estate
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United States of America
LOS ANGELES