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Mar 31, 2020
Hudson Pacific Q1 2020 Earnings Report
Reported solid first quarter results with revenue growth and significant leasing activity, but withdrew full-year FFO guidance due to COVID-19 uncertainty.
Key Takeaways
Hudson Pacific Properties reported positive first-quarter results, including an increase in total revenue and net income. The company experienced growth in same-store office and studio cash NOI. However, due to the uncertainty surrounding the COVID-19 pandemic, they withdrew their full-year 2020 FFO guidance.
Net income attributable to common stockholders was $10.8 million, or $0.07 per diluted share.
FFO, excluding specified items, was $84.6 million, or $0.54 per diluted share.
Total revenue increased by 4.5% to $206.2 million.
The company collected 95% of office and studio April rents.
Revenue by Segment
Forward Guidance
Due to the uncertainty resulting from the COVID-19 pandemic, the Company is withdrawing its previous full-year 2020 FFO guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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