Loading...
•
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...