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Dec 31, 2019
Hudson Pacific Q4 2019 Earnings Report
Hudson Pacific reported increased revenue and FFO, driven by strong leasing and operations, and provided 2020 FFO outlook.
Key Takeaways
Hudson Pacific Properties reported fourth-quarter results with net income of $0.09 per diluted share and FFO of $0.55 per diluted share (excluding specified items). Total revenue increased by 9.3% to $216.9 million. The company signed 435,000 square feet of office leases and achieved GAAP and cash office rent growth of 41.4% and 23.9%, respectively.
Net income attributable to common stockholders was $13.6 million, or $0.09 per diluted share.
FFO, excluding specified items, was $85.4 million, or $0.55 per diluted share.
Total revenue increased 9.3% to $216.9 million.
Same-store office cash NOI grew by 10.0%.
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 full-year 2020 FFO guidance in the range of $2.14 to $2.22 per diluted share, excluding specified items. There are no specified items in connection with this initial guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income