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Mar 31, 2021
Hudson Pacific Q1 2021 Earnings Report
Reported financial results for the first quarter of 2021.
Key Takeaways
Hudson Pacific Properties reported a net income of $0.03 per diluted share and FFO of $0.48 per diluted share (excluding specified items) for Q1 2021. Same-store office and studio cash NOI increased by 2.6% and 6.4%, respectively. The company executed over 524,000 square feet of office leases with GAAP and cash rent growth of 12.2% and 2.4%, respectively.
Net income attributable to common stockholders of $5.0 million, or $0.03 per diluted share.
FFO, excluding specified items, of $73.5 million, or $0.48 per diluted share.
Total revenue increased 3.3% to $213.1 million.
Collected 98% of Q1 total rents, including 99% for office and 100% for studio properties.
Hudson Pacific
Hudson Pacific
Hudson Pacific Revenue by Segment
Revenue by Segment
Office Revenue
CapyFin.comStudio Revenue
CapyFin.com Forward Guidance
The Company is providing second quarter 2021 FFO guidance in the range of $0.46 to $0.48 per diluted share excluding specified items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income