ITEM 1. Business Company Overview We are a vertically integrated real estate investment trust (“REIT”) offering end-to-end real estate solutions for dynamic tenants in the synergistic, converging and secular growth industries of tech and media. We acquire, reposition, develop and operate sustainable high-quality office and state-of-the-art studio properties in high-barrier-to-entry tech and media epicenters. Our primary investment markets include Los Angeles, the San Francisco Bay Area, Seattle, New York and Vancouver, British Columbia. We invest across the risk-return spectrum, favoring opportunities that allow us to leverage leasing, capital investment and operating expertise along with deep strategic relationships to create incremental stakeholder value. As of December 31, 2025, our portfolio included: •Office properties comprising approximately 13.9 million square feet; •Studio properties comprising approximately 1.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 831M | 831M | 842M | 952M | 1.0B | 897M |
| Net Income | -572M | -572M | -364M | -192M | -56M | 6.1M |
| EPS | $-12.81 | $-12.81 | $-126.35 | $-9.52 | $-2.73 | $0.28 |
| Free Cash Flow | 121M | 121M | 165M | 232M | 370M | 315M |
| ROIC | 0.0% | - | - | - | - | - |
| Gross Margin | 3.4% | 3.4% | 4.0% | 10.9% | 23.3% | 24.2% |
| Debt/Equity | 1.13 | 1.13 | 1.46 | 1.28 | 1.39 | 1.00 |
| Dividends/Share | $0.01 | $0.00 | $0.70 | $2.63 | $7.00 | $7.00 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -19.3% | -19.6% | -12.8% | -6.2% | -1.7% | 0.2% |
| Shares Outstanding | 45M | 45M | 8M | 20M | 21M | 22M |
Hudson Pacific Properties, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 2.3x vs a median of 5.7x. The company's 5-year average gross margin is 13.2%. Total shareholder yield (dividends) is 0.1%. At current prices, the estimated annualized return to fair value is -12.3%.
Hudson Pacific Properties, Inc. (HPP) has a market capitalization of $275M. It is classified as a small-cap stock.
Yes, Hudson Pacific Properties, Inc. (HPP) pays a dividend with a trailing twelve-month yield of 0.13%.
Hudson Pacific Properties, Inc. (HPP) operates in the Real Estate industry, within the Real Estate sector.
Hudson Pacific Properties, Inc. (HPP) reported annual revenue of $831 million in its most recent fiscal year, based on SEC EDGAR filings.
Hudson Pacific Properties, Inc. (HPP) has a net profit margin of -68.9%. The company is currently unprofitable.
Hudson Pacific Properties, Inc. (HPP) generated $121 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Hudson Pacific Properties, Inc. (HPP) has a debt-to-equity ratio of 1.13. This indicates moderate leverage.
Hudson Pacific Properties, Inc. (HPP) reported earnings per share (EPS) of $-12.81 in its most recent fiscal year.
Hudson Pacific Properties, Inc. (HPP) has a return on equity (ROE) of -19.6%. A negative ROE may indicate losses or negative equity.
Hudson Pacific Properties, Inc. (HPP) has a 5-year average gross margin of 13.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for Hudson Pacific Properties, Inc. (HPP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Hudson Pacific Properties, Inc. (HPP) has a book value per share of $66.53, based on its most recent annual SEC filing.