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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 (NYSE: HPP) has declared a $0.25 per share dividend for Q4 2022, leading to an annual rate of $1.00. Additionally, its 4.750% Series C cumulative preferred stock will receive a dividend of $0.296875 per share, yearly totaling $1.18750. Both dividends are set for payment on December 29, 2022, to shareholders on record by December 19, 2022. The company focuses on real estate solutions for tech and media tenants, leveraging a comprehensive platform for property development.

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Hudson Pacific Properties (NYSE: HPP) reported Q3 2022 results, revealing a 14.4% revenue increase to $260.4 million. However, the company recorded a net loss of $17.3 million, or $0.12 per diluted share. The firm executed 65 leases covering 381,364 square feet, achieving positive rent spreads of 8.7% GAAP and 3.4% cash. With $951.7 million in liquidity and a focus on tech and media tenants, the company narrows its 2022 FFO guidance to $2.01 - $2.05 per share. The company also achieved a top ranking in ESG assessments.

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Hudson Pacific Properties (NYSE: HPP) has appointed Andy Wattula as Chief Operating Officer and Drew Gordon as Chief Investment Officer. Both executives have extensive experience within the company, enhancing leadership in operations and investment. Wattula, who joined in 2017, will manage the office portfolio, while Gordon, with Hudson Pacific since 2011, will oversee acquisitions and dispositions. These changes aim to streamline decision-making and leverage their expertise for long-term value creation.

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Hudson Pacific Properties, Inc. (NYSE: HPP) will release its third quarter financial results on November 2, 2022, after market close, followed by a conference call on November 3, 2022, at 11:00 a.m. PT. The call can be accessed by dialing (833) 470-1428, with international callers using (404) 975-4839. Hudson Pacific specializes in real estate solutions for tech and media tenants, leveraging strategic relationships and expertise in property development.

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Hudson Pacific Properties (NYSE: HPP) announced that its Chairman and CEO, Victor Coleman, will join senior management in a roundtable at the BofA Securities 2022 Global Real Estate Conference on September 14, 2022, at 11:05 a.m. ET. The discussion will be available via a live webcast, with a replay accessible 24 hours post-event. Hudson Pacific focuses on providing real estate solutions for tech and media tenants, leveraging its expertise in acquiring and developing properties into premium office and studio spaces.

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Hudson Pacific Properties (NYSE: HPP) has declared dividends for the third quarter of 2022. Common stockholders will receive $0.25 per share, translating to an annual rate of $1.00. Preferred stockholders will receive $0.296875 per share, with an annual rate of $1.18750. Both dividends will be paid on September 29, 2022, to stockholders of record as of September 19, 2022.

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Hudson Pacific Properties (NYSE: HPP) announced the pricing of a public offering of $350 million in 5.950% senior notes due February 15, 2028. The notes will be senior unsecured obligations and are expected to close on September 15, 2022, pending customary conditions. Proceeds will finance Eligible Green Projects, including green buildings and renewable energy, and may also repay existing debts. The offering is made under an effective shelf registration with the SEC.

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Hudson Pacific Properties (NYSE: HPP) announced its operating partnership has initiated an underwritten public offering of senior notes, which will be fully guaranteed by the Company. The net proceeds will finance Eligible Green Projects, such as green buildings and renewable energy, or repay existing debt, including the acquisition of Quixote Studios. The offering is made under a shelf registration statement with the SEC, and a prospectus will be available. The Company focuses on real estate investments catering to tech and media sectors, emphasizing sustainable development.

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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 $2.93 as of December 20, 2024.

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

The market cap of Hudson Pacific Properties (HPP) is approximately 420.2M.

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

420.17M
136.32M
3.37%
110.47%
16.84%
REIT - Office
Real Estate
Link
United States of America
LOS ANGELES