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Hudson Pacific Properties, Inc. (HPP)

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Hudson Pacific Properties, Inc. (HPP) reported revenue of $188 million for Q2 FY2026, the quarter ended 30 June 2026, down 0.9% on the same quarter a year earlier. Net income was -$105 million, and diluted earnings per share $-1.62. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$188 milliondown 0.9%
Net income-$105 million
Diluted EPS$-1.62
QuarterQ2 FY2026ended 30 June 2026

Hudson Pacific Properties (HPP) in brief

Hudson Pacific Properties (HPP) reported revenue of $831 million for fiscal 2025, the year ended 31 December 2025, down 1.3% on the year before.
Read moreNet loss was $572 million and the diluted loss per share $12.81. Revenue was $842 million in fiscal 2024, $952 million in fiscal 2023, $1.0 billion in fiscal 2022 and $897 million in fiscal 2021. Net income in the same years was a loss of $364 million, a loss of $192 million, a loss of $56 million and $6 million. Over the twelve months to 30 June 2026, Hudson Pacific Properties reported revenue of $813 million and net loss of $572 million. Revenue grew 0.6% a year, compounded, over the five years to fiscal 2025. Hudson Pacific Properties had 54 million shares outstanding at the latest filed count. At the close of 29 October 2026 the market cap of Hudson Pacific Properties was $601 million.

Ratios

From the filings

ROE-20.3%
ROCEn/a
Operating marginn/a
Net margin-70.4%
FCF margin0.3%
Interest covern/a
Debt to equity1.21
Cash conversionn/a
Share count, last 12 months0.2%
Sales CAGR, 3 years-6.8%
Profit CAGR, 3 yearsn/a
EPS, TTM-$8.85

At the close of 29 October 2026

Price$11.08
Market cap$601 million
Stock P/En/a
Price to book0.21
EV / EBITDAn/a
Dividend yield0.0%
Market cap / sales0.74
52-week high$17.08
52-week low$5.51
Price, 1 year-32.6%
Price CAGR, 3 years-29.7%
Price CAGR, 5 years-42.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Hudson Pacific Properties, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
HPPgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HPP

Dividends$351,000 paid in cash dividends in FY2025
Filings17 in twelve months: 10 current reports (8-K), about 7 regulation FD disclosure; 4 results of operations; 2 officer or director change; 1 other events; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 1.5 by open interest at the 29 October 2026 close; the straddle prices a 18.9% move to 20 November 2026
13F holders191 funds reported a position for the quarter to 30 June 2026; largest Cohen & Steers, Inc.
Insider trading0 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.5 million shares short, 9.47 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026 †
Revenue228240245251260270252245231223214218200210198190187256182188
Gross profit14414815215215515314113411910810410585.693.785.281.982.715480.384.6
Gross margin63%62%62%61%60%57%56%55%52%48%49%48%43%45%43%43%44%60%44%45%
Operating incomen/an/an/a38.942.5n/a25.115.83.2-15.1-7.6-2.8n/an/a-26.4-40.6n/an/a-13.0n/a
Operating marginn/an/an/a15%16%n/a10%6%1%-7%-4%-1%n/an/a-13%-21%n/an/a-7%n/a
Interest expense30.830.130.833.737.348.153.854.653.652.444.144.245.044.143.548.141.738.938.038.5
Pre-tax incomen/an/an/a2.8-8.1n/a-14.8-25.2-36.2-87.7-53.4-47.0-105-175-80.1-87.3-144-281-50.6-104
Tax raten/an/an/a-27%n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Net income-9.38.1-19.8-7.4-17.3-12.0-20.4-36.2-37.6-98.0-52.2-47.0-97.9-167-74.7-83.1-136-278-53.1-105
Net margin-4%3%-8%-3%-7%-4%-8%-15%-16%-44%-24%-22%-49%-80%-38%-44%-73%-109%-29%-56%
Diluted EPS-$0.42$0.35-$0.91-$0.35-$0.84-$0.63-$0.98-$1.82-$1.89-$4.90-$2.59-$2.31-$4.83-$8.26-$3.71-$2.87-$2.10-$4.31-$0.82-$1.62
Operating cash flow11329.495.594.713841.092.559.271.49.265.135.663.70.230.5-2.033.259.344.3-8.0
Capital expenditure80.167.552.760.957.410676.579.573.369.544.843.348.662.737.138.433.634.924.433.5
Free cash flow32.5-38.242.733.881.0-64.816.1-20.3-2.0-60.320.3-7.615.1-62.5-6.6-40.4-0.424.419.9-41.5
Buybacks0.031.40.034.72.50.01.40.00.00.00.00.00.00.0n/an/an/an/an/an/a
Dividends paid38.738.636.936.436.036.036.718.30.00.07.97.50.00.00.40.00.0-0.00.6-0.0
Shares outstanding22m22m21m20m20m20m20m20m20m20m20m20m20m20m20m54m54m54m54m54m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 17 fiscal years and the trailing twelve months

FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue44.560.61341602062535216407287288188058971,026952842831813
Gross profitn/an/a69.085.5118149n/an/an/a461517505561612502388403401
Gross marginn/an/a51.6%53.3%57.4%58.9%n/an/an/a63.2%63.1%62.8%62.6%59.7%52.7%46.1%48.5%49.4%
Operating income7.810.213.914.328.048.747.489.4137n/an/an/a14616029.0n/an/an/a
Operating margin17.6%16.8%10.4%8.9%13.6%19.2%9.1%14.0%18.8%n/an/an/a16.3%15.6%3.0%n/an/an/a
Interest expense8.88.817.519.125.525.950.776.090.083.2105114122150214177172157
Pre-tax incomen/an/an/an/an/an/an/an/an/an/an/an/a29.0-16.5-164-380-593-580
Income taxn/an/an/a0.00.00.00.00.00.00.00.0-1.00.00.06.81.6-0.3-0.2
Effective tax raten/an/an/an/an/an/an/an/an/an/an/an/a0.0%n/an/an/an/an/a
Net income-0.6-3.2-10.4-17.2-14.810.0-16.427.267.698.142.70.46.1-56.5-192-364-572-572
Net margin-1.4%-5.4%-7.8%-10.7%-7.2%3.9%-3.1%4.3%9.3%13.5%5.2%0.0%0.7%-5.5%-20.2%-43.2%-68.9%-70.4%
Diluted EPSn/an/a-$2.45-$2.87-$1.89$1.05-$1.33$1.75$3.08$4.41$1.96$0.00$0.28-$2.73-$9.52-$18.06-$12.81-$8.85
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Office81269269683.8%
Studio14015013516.2%
OfficeStudio
952FY2023842FY2024831FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow4.57.632.142.841.563.2176227293215288302315370232165121129
Capital expenditure15.511.616.427.187.2123171259302351386402339277299199144127
Free cash flow-10.9-4.015.715.7-45.6-60.15.2-31.9-9.5-137-97.7-100-23.892.7-66.6-34.7-23.12.3
Free cash flow margin-24.5%-6.6%11.7%9.8%-22.2%-23.7%1.0%-5.0%-1.3%-18.8%-11.9%-12.5%-2.6%9.0%-7.0%-4.1%-2.8%0.3%
Cash from investing-15.5-242-131-423-424-246-1,798-525-333-392-316-1,007-754-378468-25142.8-23.3
Cash from financing8.828063.43863941711,65933533.214518.579648797.4-86765.9-101-267
Depreciation and amortisation10.915.942.054.870.172.2245269284251282300344373398354375350
Share-based compensation0.00.82.74.26.57.68.414.115.117.019.522.721.224.323.926.030.410.7
Buybacksn/a0.00.01.42.83.15.10.00.050.00.080.246.137.21.40.00.0n/a
Dividends paid0.04.816.723.229.635.075.911815915715815515514555.015.40.40.6
Dividend per sharen/a$1.34$3.50$3.50$3.50$3.50$4.03$5.60$7.00$7.00$7.00$7.00$7.00$7.00$2.62$0.70$0.00n/a
Diluted shares, weightedn/an/an/a6m8m10m12m16m22m22m22m22m22m21m20m20m45m64m
Shares outstanding at period endn/a3m5m7m8m10m13m19m22m22m22m22m22m20m20m20m54m54m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity2274966258401,0031,1791,6663,1033,6383,5443,4173,4633,7423,3053,0782,8552,9722,814
Non-controlling interestn/a65.763.457.099.495.82,063599273287293505455445416263179173
Redeemable equityn/an/an/an/an/a10.210.210.210.2113n/an/an/an/an/an/an/an/a
Debtn/a3424005828889182,2612,4732,4212,624n/a3,5973,9284,6524,0114,2433,4183,415
Other liabilitiesn/a10164.380.41401322544932805043,757785865917776771699769
Total liabilities and equityn/a1,0051,1531,5602,1312,3356,2546,6796,6227,0717,4678,3508,9909,3198,2828,1327,2687,170
Owned
Fixed assetsn/an/an/an/a0.51.4n/an/an/an/an/a8.458.513011912772.467.6
Goodwilln/a8.88.88.88.88.88.88.88.88.88.88.81092642641578.88.8
Intangible assetsn/a86.484.181.0108102318289239280285286341394327328307389
Securities held for sale or to maturityn/an/an/an/an/an/an/an/a0.01471411351290.0n/an/an/an/a
Loansn/an/a0.04.00.028.328.70.0n/an/an/an/an/an/an/an/an/an/a
Cash and equivalents3.748.913.718.930.417.853.683.078.953.746.211496.625610063.313880.8
Inventoryn/an/an/an/an/an/an/an/an/an/an/a0.01.64.9n/an/an/an/a
Other assetsn/a8611,0461,4471,9832,1775,8456,2986,2956,5826,9857,7988,2538,2717,4727,4586,7416,624
Total assetsn/a1,0051,1531,5602,1312,3356,2546,6796,6227,0717,4678,3508,9909,3198,2828,1327,2687,170
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.8%0.6%-6.8%1.8%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-3.3%-8.0%-12.7%-19.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Hudson Pacific Properties' revenue in fiscal 2025?

Hudson Pacific Properties (HPP) reported revenue of $831 million for fiscal 2025, the year ended 31 December 2025, down 1.3% on the year before.

How much did Hudson Pacific Properties earn in fiscal 2025?

Net loss was $572 million for fiscal 2025, and the diluted loss per share $12.81.

What is Hudson Pacific Properties' market cap?

The market cap of Hudson Pacific Properties was $601 million at the close of 29 October 2026.

Peers: Real Estate

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
CBRE Group, Inc. CBRE$37.1 billion27.5415.9%4.6%14.5%0.91n/a
Terreno Realty Corp. TRNO$7.1 billion17.578.8%41.4%18.0%0.213.2%
Millrose Properties, Inc. MRP$4.3 billion9.108.1%85.1%n/a0.429.8%
Curbline Properties Corp. CURB$3.5 billion119.751.2%17.6%50.6%0.262.4%
Cushman & Wakefield Ltd. CWK$3.1 billion45.243.4%4.4%11.0%1.31n/a
Urban Edge Properties UE$2.5 billion23.697.4%n/a5.5%1.214.2%
Getty Realty Corp. GTY$1.9 billion17.138.0%63.5%12.3%0.936.9%
Ellington Financial Inc. EFC$1.5 billion7.239.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.5 billion12.127.4%51.4%-8.4%0.3314.2%
Forestar Group Inc. FOR$1.3 billion7.519.2%n/a11.8%0.43n/a
Hudson Pacific Properties, Inc. HPP$601 millionn/a-20.3%n/a1.8%1.210.0%
Tejon Ranch Co. TRC$453 million72.871.3%-0.9%25.4%0.20n/a
All 25 in Real Estate
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Brookfield Corporation BN *$88.2 billion80.590.8%n/a-12.7%0.090.8%
CBRE Group, Inc. CBRE$37.1 billion27.5415.9%4.6%14.5%0.91n/a
KE Holdings Inc. BEKE *$19.6 billion45.044.5%2.2%1.2%0.022.0%
Jones Lang Lasalle Inc. JLL$16.2 billion15.3014.3%4.9%11.4%0.28n/a
Invitation Homes Inc. INVH$15.5 billion23.337.7%11.5%7.2%0.994.5%
Compass, Inc. COMP$7.1 billion156.672.2%-2.6%67.8%1.05n/a
Terreno Realty Corp. TRNO$7.1 billion17.578.8%41.4%18.0%0.213.2%
Millrose Properties, Inc. MRP$4.3 billion9.108.1%85.1%n/a0.429.8%
St. Joe Co. JOE$4.1 billion34.0715.8%32.0%11.1%0.710.9%
Marriott Vacations Worldwide Corp. VAC$4.0 billionn/a-16.2%-3.3%1.7%2.652.8%
Curbline Properties Corp. CURB$3.5 billion119.751.2%17.6%50.6%0.262.4%
Cushman & Wakefield Ltd. CWK$3.1 billion45.243.4%4.4%11.0%1.31n/a
Newmark Group, Inc. NMRK$2.9 billion14.0210.3%7.7%20.8%1.241.3%
Urban Edge Properties UE$2.5 billion23.697.4%n/a5.5%1.214.2%
Getty Realty Corp. GTY$1.9 billion17.138.0%63.5%12.3%0.936.9%
Opendoor Technologies Inc. OPEN$1.8 billionn/a-166.4%-16.0%-37.2%2.14n/a
Ellington Financial Inc. EFC$1.5 billion7.239.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.5 billion12.127.4%51.4%-8.4%0.3314.2%
Forestar Group Inc. FOR$1.3 billion7.519.2%n/a11.8%0.43n/a
Piedmont Realty Trust, Inc. PDM$1.2 billionn/a-6.1%13.8%2.9%1.621.3%
Marcus & Millichap, Inc. MMI$1.1 billion75.432.5%1.2%11.9%0.00n/a
Agnt, Inc. AGNT$665 millionn/a-6.1%-0.3%8.1%0.005.0%
Hudson Pacific Properties, Inc. HPP$601 millionn/a-20.3%n/a1.8%1.210.0%
Gladstone Commercial Corp. GOOD$553 million35.0715.7%n/a10.8%5.4110.5%
Tejon Ranch Co. TRC$453 million72.871.3%-0.9%25.4%0.20n/a
11 companies share its SEC industry code (Real Estate); the rest are the names nearest in size in its wider industry, Real Estate, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR