Hudson Pacific Properties, Inc. · NYSE:HPP
Hudson Pacific Properties — BofA Securities Global Real Estate Conference 2026
15 slides from Hudson Pacific Properties's conference presentation, Sep 14, 2026
Slide 1: Investor Update | September 2026
Investor Update | September 2026 BofA Securities Global Real Estate Conference
Slide 2: Disclaimer
Disclaimer Hudson Pacific Properties, Inc. is referred to herein as the “Company,” “Hudson Pacific,” “HPP,” “we,” “us,” or “our.” This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Excha
Slide 3: Company Overview
Company Overview West Coast-focused office REIT with ~70% of portfolio in San Francisco Bay Area1, remainder across Los Angeles, Seattle, and Vancouver; plus distinct studio real estate vertical as Los Angeles’ largest independent owner/operator NYSE: HPP ~$664M 82.5% 46 Founded 2006, 2010 IPO Equit
Slide 4: 1H26 Execution Scorecard
1H26 Execution Scorecard What we committed to at the start of 2026, and what’s been delivered through 2Q26 and subsequent events Commitment Delivered (as of 2Q26 + subsequent) Occupancy Recovery 4th consecutive quarterly gain, 75.1% → 82.5% YoY (+740 bps) Earnings Growth Core FFO/share $0.27 → $0.35
Slide 5: Leasing & Demand Trends
Leasing & Demand Trends Record 2Q leasing, a reloaded and renewal-ready pipeline, and broad demand beyond tech LEASING V. PIPELINE TRENDS1 Record 2Q Leasing Accelerates Momentum Sq Ft in 1.3M sq ft (2Q) highest on record and 6th consecutive quarter of Millions 2.4M 2.4M 500K+ sq ft; included 891K sq
Slide 6: Financial & Balance Sheet Delivery
Financial & Balance Sheet Delivery Cash flow strengthening, liquidity intact, and actively managing near-term debt maturities Cash Flow Improving +7.5% Same-store cash NOI growth (GAAP +9.0%) YoY, driven by higher office and studio occupancy Strong Liquidity Maintained $876M $81M cash + $795M fully
Slide 7: Capital Allocation & Optionality
Capital Allocation & Optionality Targeting low/no-NOI assets to fund leasing cap ex and debt paydown, while re-entitlement work unlocks potential portfolio value independent of the office leasing cycle 10950 Washington – Turning Expertise Into Value Culver City, Los Angeles DISPOSITION PIPELINE EXEC
Slide 8: The Studio Turnaround
The Studio Turnaround Restructuring Quixote, while optimizing performance of best-in-class studio assets to maximize profitability Quixote Restructuring Prime Studio Real Estate -$18.6M → ~-$4M 95.5% FY24 actual → current annualized Core Hollywood Stage Leased Rate (70% of Studio Cash NOI run rate1
Slide 9: Appendix: Definitions and Non-GAAP Reconciliations
Appendix Definitions and Non-GAAP Reconciliations Page Mill Hill Palo Alto – Silicon Valley 9
Slide 10: Definitions
Definitions Annualized Base Rent (“ABR”): For office properties, calculated by multiplying (i) cash base rents under commenced leases excluding tenant reimbursements as of June 30, 2026 by (ii) 12. On a per square foot basis, ABR is divided by square footage under commenced leases as of June 30, 202
Slide 11: Reconciliations
Reconciliations Reconciliation of Net Loss to Core Funds From Operations (Core FFO) Three Months Ended 6/30/26 Net loss $ (104,688) Adjustments: Depreciation and amortization—consolidated 82,133 Depreciation and amortization—non-real estate assets (3,598) Depreciation and amortization—HPP’s share fr
Slide 12: Reconciliations (Cont.)
Reconciliations (Cont.) Reconciliation of Net Loss to NOI Six Months Ended 6/30/26 Net loss $ (155,592) Adjustments: Loss from unconsolidated real estate entities 1,396 Fee income (2,071) Interest expense 76,470 Interest income (2,215) Management services reimbursement income—unconsolidated real est
Slide 13: Reconciliations (Cont.)
Reconciliations (Cont.) Net Income to HPP’s Share of Quixote Studios & Services NOI Twelve Months Ended 12/31/24 Net loss $ (381,406) Adjustments: Loss from unconsolidated real estate entities 7,308 Fee income (5,269) Interest expense 177,393 Interest income (2,467) Management services reimbursement
Slide 14: Reconciliations (Cont.)
Reconciliations (Cont.) Net Income to Core Studio NOI Three Months Ended 6/30/26 Net loss $ (104,688) Adjustments: Loss from unconsolidated real estate entities 959 Fee income (964) Interest expense 38,476 Interest income (566) Management services reimbursement income—unconsolidated real estate enti
Slide 15: HudsonPacificProperties.com
HudsonPacificProperties.com
Hudson Pacific Properties — BofA Securities Global Real Estate Conference 2026 on 6ix