hudson pacific properties (nyse: hpp) is a vertically-integrated real estate company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art media and entertainment properties in select west coast markets. hpp invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value. founded in 2006 as hudson capital, the company went public in 2010, electing to be taxed as a real estate investment trust. through the years, hpp has strategically assembled a portfolio totaling approximately 17.3 million square feet, including land for development, in high-growth, high-barrier-to-entry submarkets throughout northern and southern california and the pacific northwest. the company is a leading provider of design-forward, next-generation workspaces for a variety of tenants, with a focus on fortune 500 and industry-leading growth companies, many in the techn
Company profile
Ticker
HPP, HPP-PC
Exchange
Website
CEO
Victor J. Coleman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
HCTD, LLC • Howard Street Associates, LLC • HPP-MAC WSP, LLC • Hudson 1000 Olive Way, LLC • Hudson 1003 4th Place, LLC • Hudson 10900 Washington, LLC • Hudson 10950 Washington, LLC • Hudson 1099 GP, LLC • Hudson 1099 Stewart REIT, LLC • Hudson 1099 Stewart Street, LLC ...
IRS number
271430478
HPP stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Hudson Pacific Properties Reports Fourth Quarter 2023 Financial Results
12 Feb 24
8-K
Hudson Pacific and Macerich Complete $700 Million Sale of One Westside and Westside Two
3 Jan 24
8-K
Hudson Pacific Announces Completion of
27 Dec 23
8-K
Hudson Pacific Appoints Michael Nash to Board of Directors
7 Dec 23
8-K
Hudson Pacific Appoints Robert Harris to Board of Directors
13 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
Hudson Pacific Properties Reports Third Quarter 2023 Financial Results
1 Nov 23
Transcripts
HPP
Earnings call transcript
2023 Q4
13 Feb 24
HPP
Earnings call transcript
2023 Q3
2 Nov 23
HPP
Earnings call transcript
2023 Q2
2 Aug 23
HPP
Earnings call transcript
2023 Q1
9 May 23
HPP
Earnings call transcript
2022 Q4
9 Feb 23
HPP
Earnings call transcript
2022 Q3
3 Nov 22
HPP
Earnings call transcript
2021 Q2
4 Aug 21
HPP
Earnings call transcript
2021 Q1
6 May 21
HPP
Earnings call transcript
2020 Q3
31 Oct 20
HPP
Earnings call transcript
2020 Q3
30 Oct 20
Latest ownership filings
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 94.09 mm | 94.09 mm | 94.09 mm | 94.09 mm | 94.09 mm | 94.09 mm |
Cash burn (monthly) | 11.24 mm | 9.16 mm | 36.33 mm | 30.71 mm | (no burn) | (no burn) |
Cash used (since last report) | 77.04 mm | 62.84 mm | 249.13 mm | 210.60 mm | n/a | n/a |
Cash remaining | 17.05 mm | 31.26 mm | -155.04 mm | -116.51 mm | n/a | n/a |
Runway (months of cash) | 1.5 | 3.4 | -4.3 | -3.8 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Drew Gordon | Common Stock, par value $0.01 | Grant | Acquire A | No | No | 0 | 27,194 | 0.00 | 173,381 |
1 Mar 24 | Kay Lee Tidwell | Common Stock, par value $.01 | Grant | Acquire A | No | No | 0 | 20,672 | 0.00 | 331,429 |
1 Mar 24 | Coleman Victor J | Common Stock, par value $.01 | Grant | Acquire A | No | No | 0 | 149,800 | 0.00 | 2,709,645 |
1 Mar 24 | Harout Krikor Diramerian | Common Stock, par value $.01 | Grant | Acquire A | No | No | 0 | 23,281 | 0.00 | 382,409 |
1 Mar 24 | Mark T Lammas | Common Stock, par value $0.01 | Grant | Acquire A | No | No | 0 | 84,795 | 0.00 | 1,214,216 |
News
Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors
10 Apr 24
Morgan Stanley Maintains Equal-Weight on Hudson Pacific Properties, Lowers Price Target to $6
28 Mar 24
Piper Sandler Maintains Overweight on Hudson Pacific Properties, Maintains $9 Price Target
26 Mar 24
Piper Sandler Maintains Overweight on Hudson Pacific Properties, Lowers Price Target to $9
22 Mar 24
Wolfe Research Upgrades Hudson Pacific Properties to Outperform, Announces $8.4 Price Target
18 Mar 24