Earnings ·
Reports Q3 Core FFO of $0.28 per share, raises full-year outlook to $1.15-$1.21
HPPHudson Pacific Properties, Inc.
Hudson Pacific Properties reported third-quarter 2026 results with a net loss attributable to common stockholders of $218.1 million, or $3.38 per diluted share, driven by non-cash impairments and losses on property sales. Core FFO grew approximately 8% year-over-year to $0.28 per diluted share, while same-store cash NOI increased 8.3% to $85.2 million. The company executed 534,000 square feet of office leases, raising in-service occupancy to 85.6%, and sold properties for $90.5 million during the quarter plus Skyport Plaza for $75.5 million subsequently. Management raised full-year 2026 Core FFO guidance to a narrowed range of $1.15 to $1.21 per diluted share, up from $1.12-$1.20. The firm also repurchased $200 million in senior notes and declared a preferred dividend of $0.296875 per share. Hudson Pacific Properties owns and operates office real estate and studio facilities on the U.S. West Coast.