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Jun 30, 2022
Hudson Pacific Q2 2022 Earnings Report
Reported financial results with leasing activity accelerating and strong rent spreads.
Key Takeaways
Hudson Pacific Properties reported an increase in total revenue and same-store property cash NOI. The company signed over 700,000 square feet of leases and saw increases in GAAP and cash rents. However, they experienced a net loss attributable to common stockholders.
Leasing activity accelerated to over 700,000 square feet.
Strong rent spreads of 16.2% GAAP and 5.5% Cash were achieved.
In-service office portfolio was 92.3% leased.
Same-property cash NOI growth was north of 7%.
Hudson Pacific
Hudson Pacific
Hudson Pacific Revenue by Segment
Revenue by Segment
Office Revenue
CapyFin.comStudio Revenue
CapyFin.com Forward Guidance
The company is updating its 2022 full-year FFO guidance to a range of $2.00 to $2.06 per diluted share, excluding specified items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income