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Sep 30, 2021
Hudson Pacific Q3 2021 Earnings Report
Reported a net loss of $0.06 per diluted share and FFO of $0.50 per diluted share (excluding specified items).
Key Takeaways
Hudson Pacific Properties reported financial results for the third quarter of 2021, featuring a net loss of $0.06 per diluted share, but a FFO of $0.50 per diluted share (excluding specified items). The company also saw significant growth in same-store office and studio cash NOI, increasing by 10.8% and 45.5%, respectively.
Same-store office and studio cash NOI increased 10.8% and 45.5%, respectively
Over 318,000 square feet of office leases executed
GAAP and cash rent growth of 8.3% and 5.1%, respectively
Completed multiple transactions to grow studio platform, including the purchase of a 91-acre London-area studio development site with Blackstone
Forward Guidance
The Company is narrowing 2021 full-year and providing fourth-quarter guidance in the range of $1.95 to $1.99 per diluted share, excluding specified items, and $0.48 to $0.50 per diluted share, excluding specified items, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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