HPP - NYSE
Hudson Pacific Properties, Inc.
$14.01
+3.9%Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP, and listed as a component of the S&P MidCap 400 Index.
At a Glance
Live SnapshotHudson Pacific Properties, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Critical situation: Negative gross margins indicate fundamental business model issues. The company loses money on every sale—immediate strategic changes required.
Hudson Pacific Properties, Inc. Income Statement
HPP • NYSE
| Hudson Pacific Properties, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||||||||
831.1M | 842.1M | 952.3M | 1B | 896.8M | 805.7M | 818.2M | 728.4M | 728.1M | 639.6M | 520.9M | 253.4M | 205.6M | 166.2M | 142.2M | 60.6M | 44.5M | 35.6M | 7M | |
GROSS PROFIT | |||||||||||||||||||
(1.2B) | (454.1M) | (450.5M) | (413.8M) | (335.8M) | (300.2M) | (302.2M) | (268.2M) | (254.1M) | (229.1M) | (189.9M) | (104.3M) | (89M) | (76M) | (67.2M) | (30M) | (25.8M) | (17.3M) | (4M) | |
-350.2M | 388M | 501.8M | 612.4M | 561M | 505.5M | 516M | 460.2M | 474M | 410.5M | 331M | 149.1M | 116.5M | 90.2M | 75M | 30.6M | 18.7M | 18.2M | 2.9M | |
OPERATING INCOME | |||||||||||||||||||
-302.6M | (433.9M) | (472.8M) | (452.7M) | (415M) | (77.9M) | (354M) | (312M) | (338M) | (321.5M) | (283.6M) | (100.5M) | (90M) | (71.2M) | (55M) | (20.4M) | (10.9M) | (8.7M) | (1.4M) | |
(73M) | (79.5M) | (75M) | (79.5M) | (71.3M) | (77.9M) | (71.9M) | (61M) | (54.5M) | (52.4M) | (38.5M) | (28.3M) | (20M) | (16.5M) | (13M) | (4.5M) | -1.3M | (2.1M) | (618K) | |
-47.6M | -45.9M | 29M | 159.7M | 146M | 427.6M | 162.6M | 148.7M | 136.6M | 89.4M | 47.4M | 48.7M | 28M | 14.7M | 17.3M | 10.2M | 7.8M | 9.6M | 1.6M | |
PRE-TAX INCOME | |||||||||||||||||||
(172.2M) | (177.4M) | (214.4M) | (149.9M) | (121.9M) | (0.0) | (0.0) | (83.2M) | (90M) | (76M) | (50.7M) | (25.9M) | (25.5M) | (19.1M) | (17.5M) | (8.8M) | (8.8M) | (10.2M) | (3.9M) | |
-166M | -174.9M | -212.2M | -147.6M | -118.1M | 4.1M | 4M | -81.4M | -89.9M | -75.8M | -50.5M | -25.9M | -25.2M | -18.8M | -17.4M | -8.8M | -8.8M | -10.2M | -3.8M | |
-375.6M | (354.4M) | (397.8M) | (373.2M) | (343.6M) | (0.0) | (282.1M) | (251M) | (283.6M) | (269.1M) | (245.1M) | (72.2M) | (68.6M) | (0.0) | (42M) | (15.9M) | (12.2M) | (6.6M) | (741K) | |
-545M | -333.9M | -192.9M | -176.2M | -117M | -411.2M | 0.0 | -36.9M | -42M | -45.6M | -63.5M | -25M | -26.5M | -19.7M | -22.9M | -12.9M | 540K | -856K | -1.6M | |
-592.6M | -379.8M | -163.9M | -16.5M | 29M | 16.4M | 55.8M | 111.8M | 94.6M | 43.8M | -16.1M | 23.7M | 1.4M | -5M | -5.6M | -2.7M | 8.4M | 8.7M | 0.0 | |
NET INCOME | |||||||||||||||||||
-273K | (1.6M) | (6.8M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (451K) | -3.4M | (0.0) | (8.3M) | (10.4M) | (2.3M) | |
-551.7M | -343.3M | -173.9M | -35M | 10.1M | 2M | 44M | 99.4M | 69.2M | 28.6M | 2M | 23M | -2.3M | -4.3M | -3M | -2.8M | -615K | -1.7M | -2.3M |
SEC Filings
HPP - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 01, 2026 | May 28, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 23, 2026 | May 28, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 03, 2025 | December 02, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 01, 2025 | November 26, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 05, 2025 | November 05, 2025 | 2025 |
Related Guides
Continue your HPP research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.