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Sep 30, 2022
Hudson Pacific Q3 2022 Earnings Report
Reported financial results for the third quarter of 2022, featuring over 380,000 square feet of leasing activity and positive rent spreads.
Key Takeaways
Hudson Pacific Properties reported a 14.4% increase in total revenue, reaching $260.4 million. Leasing activity was strong with over 380,000 square feet completed. The company narrowed its 2022 full-year FFO guidance to a range of $2.01 to $2.05 per diluted share, excluding specified items.
Total revenue increased by 14.4% year-over-year to $260.4 million.
Executed 65 new and renewal leases totaling 381,364 square feet.
GAAP and cash rents increased 8.7% and 3.4%, respectively.
Acquired Quixote for $360 million before closing adjustments.
Hudson Pacific
Hudson Pacific
Hudson Pacific Revenue by Segment
Revenue by Segment
Office Revenue
CapyFin.comStudio Revenue
CapyFin.com Forward Guidance
The company is narrowing its 2022 full-year FFO guidance to a range of $2.01 to $2.05 per diluted share, excluding specified items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income