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HPPHudson Pacific Properties, Inc.
$16.91$917M
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HPP logoHudson Pacific Properties, Inc.(HPP)Earnings, Financials & Key Ratios

HPP•NYSE•REIT / Real Estate
$16.08
Price updated Jul 2, 2026
SectorReal EstateIndustryOffice REITsSub-IndustrySpecialized Office and Lab REITs
AboutHudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises 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.Show more
  • Revenue$831M-1.3%
  • FFO-$177M-1694.7%
  • FFO/Share-3.96-819.9%
  • FFO Payout-0.2%-100.1%
  • FFO per Share-3.96-819.9%
  • NOI Margin-42.13%-191.4%
  • FFO Margin-21.26%-1715.8%
  • ROE-17.32%-69.5%
  • ROA-7.16%-71.3%

HPP Price & Volume

Hudson Pacific Properties, Inc. (HPP) stock price & volume — 10-year historical chart

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Persistent Operational Volatility Challenges Asset Recovery Trajectory

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:High leverage and vacancy

Key Thesis Takeaways

  • Hudson Pacific Properties faces significant headwinds as it navigates a contracting West Coast office market and volatile studio services segment, evidenced by a 8.4% revenue decline in 2026Q1.
  • The company's reliance on aggressive capitalization of leasing costs and persistent net losses suggests that underlying earnings quality remains compromised.
  • Investors should monitor the high debt-to-equity ratio of 1.19 and the ongoing necessity for capital-intensive tenant improvements, which continue to constrain liquidity and dividend visibility.

Verdict Logic

the company's persistent net losses, including a $48.0M loss in 2026Q1, combined with a P/B ratio of 0.21, suggest deep-seated structural risks that outweigh current valuation levels.

HPP Growth Metrics

Hudson Pacific Properties, Inc. (HPP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.78%
5 Years0.62%
3 Years-6.79%
TTM-1.45%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-42.97%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM47.15%

Return on Capital

10 Years2.04%
5 Years0.54%
3 Years-0.31%
Last Year-0.66%

HPP Recent Earnings

Hudson Pacific Properties, Inc. (HPP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.25+38.9%
$0.18
Rev
$182M+3.8%
$175M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.21+5.0%
$0.20
Rev
$256M+36.8%
$187M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.28+100.0%
$0.14
Rev
$187M+9.6%
$170M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.04+33.3%
$0.03
Rev
$190M+2.1%
$186M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.25vs $0.18+38.9%
$182Mvs $175M+3.8%
Q1 2026Feb 26, 2026
$0.21vs $0.20+5.0%
$256Mvs $187M+36.8%
Q4 2025Nov 5, 2025
$0.28vs $0.14+100.0%
$187Mvs $170M+9.6%
Q3 2025Aug 5, 2025
$0.04vs $0.03+33.3%
$190Mvs $186M+2.1%
Based on last 12 quarters of dataView full earnings history →

Latest HPP News

Recent stock market news and headlines for Hudson Pacific Properties, Inc. (HPP)

Business Wire·Jun 24, 2026
Hudson Pacific Properties Announces Date for Second Quarter Earnings Release and Conference Call

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced it will release second quarter financial results before market open on Wednesday, August 5, 2026. The company will hold a conference call to discuss the results at 9:00 a.m. PT / 12:00 p.m. ET the same day. The conference call will be available via live audio webcast on the Investors section of the company's website at HudsonPacificProperties.com. A replay of the audio webcast will also be available follow.

Zacks Investment Research·Jun 23, 2026
HPP vs. NTST: Which Stock Is the Better Value Option?

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Hudson Pacific Properties (HPP) or NETSTREIT (NTST). But which of these two stocks presents investors with the better value opportunity right now?

Zacks Investment Research·Jun 18, 2026
Are Investors Undervaluing Hudson Pacific Properties (HPP) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Peers Comparison

Key metrics vs top competitors for Hudson Pacific Properties, Inc. (HPP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HPP logoHPPHudson Pacific Properties, Inc.Current
$16.08$872.21M-1.26-1.3%-66.38%-17.32%0.05%
DEI logoDEIDouglas Emmett, Inc.
$12.15$2.03B125.001.77%-2.59%-0.74%—
KRC logoKRCKilroy Realty Corporation
$39.16$4.55B16.88-2.02%19.59%3.89%—
PDM logoPDMPiedmont Office Realty Trust, Inc.
$9.45$1.18B-14.10-0.93%-20.46%-5.7%—
HIW logoHIWHighwoods Properties, Inc.
$30.91$3.41B21.32-2.39%11.4%3.76%—
BXP logoBXPBXP, Inc.
$67.76$10.81B38.942.19%9.09%4.13%—

Compare HPP vs Peers

Hudson Pacific Properties, Inc. (HPP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DEI

Most directly comparable listed peer for HPP.

Scale Benchmark

vs NFLX

Larger-name benchmark to compare HPP against a more recognizable public peer.

Peer Set

Compare Top 5

vs DEI, KRC, PDM, HIW

HPP SEC Filings & Documents

Hudson Pacific Properties, Inc. (HPP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Dec 3, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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HPP Frequently Asked Questions

Hudson Pacific Properties, Inc. (HPP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Hudson Pacific Properties, Inc.'s revenue?

Hudson Pacific Properties, Inc. (HPP) reported $814.5M in revenue for fiscal year 2025. This represents a 11598% increase from $7.0M in 2007.

How fast is Hudson Pacific Properties, Inc. growing?

Hudson Pacific Properties, Inc. (HPP) saw revenue decline by 1.3% over the past year.

Is HPP profitable?

Hudson Pacific Properties, Inc. (HPP) reported a net loss of $537.8M for fiscal year 2025.

Dividend & Returns
Does HPP pay dividends?

Hudson Pacific Properties, Inc. (HPP) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

What is HPP's return on equity?

Hudson Pacific Properties, Inc. (HPP) has a return on equity (ROE) of -17.3%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is Hudson Pacific Properties, Inc.'s FFO?

Hudson Pacific Properties, Inc. (HPP) generated Funds From Operations (FFO) of $-175.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in HPP back in 2007?

Total return calculator · dividends reinvested · 19+ years of data

See returns →