Business
Hudson Pacific Properties Updates Fourth Quarter FFO Outlook and Full-Year Assumptions
LOS ANGELES, December 05, 2025--Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company" or "Hudson Pacific"), a unique provider of end-to-end real estate solutions for tech and media tenants, today updated its FFO outlook for the fourth quarter of 2025 to a range of $0.15 to $0.25 per diluted share, excluding the specified items described below, along with updated full-year assumptions (see table below). Fourth quarter FFO outlook assumes fully diluted weighted average common stock/units of 6
About this update from Hudson Pacific Properties, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":388,"url":"https://media.zenfs.com/en/business-wire.com/fba1eaafd2713628bdbad6416c466e65"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2_qEvCXUDY1cHGuLq..Rpw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc3NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/fba1eaafd2713628bdbad6416c466e65","width":480,"height":388}},"lazy":false},{"type":"text","content":"LOS ANGELES, December 05, 2025--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company" or "Hudson Pacific"), a unique provider of end-to-end real estate solutions for tech and media tenants, today updated its FFO outlook for the fourth quarter of 2025 to a range of $0.15 to $0.25 per diluted share, excluding the specified items described below, along with updated full-year assumptions (see table below). Fourth quarter FFO outlook assumes fully diluted weighted average common stock/units of 65.3 million.","length":549,"tagName":"p"},{"type":"text","content":"The revised estimates reflect the 1-for-7 reverse stock split of the Company’s common stock, par value of $0.01 per share, effective December 1, 2025, as well as the sale of its Element LA office campus, which closed on December 4, 2025, with net proceeds used to repay $206.3 million of the CMBS loan secured by that property. Specified items include $81.0 million of early lease termination revenue, partially offset by $11.7 million write-off of straight-line rent receivable and $3.3 million of loss on early extinguishment of debt, all associated with the Element LA office campus transaction.","length":598,"tagName":"p"},{"type":"text","content":"This outlook reflects management’s view of current and future market conditions, including assumptions with respect to rental rates, occupancy levels and the earnings impact of events referenced in this press release and in earlier announcements. This outlook otherwise excludes any impact from new acquisitions, dispositions, debt financings, amendments or repayments, recapitalizations, capital markets activity or similar matters. There can be no assurance that actual results will not differ materially from these estimates.","length":528,"tagName":"p"},{"type":"text","content":"Below are some of the...