Hudson Pacific Properties (HPP) Financials

$2.28 +0.05 (+2.02%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$2.28 0.00 (0.00%)

As of 08:46 AM Eastern

Annual Income Statements for Hudson Pacific Properties

This table shows Hudson Pacific Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-56	-192	-364
Consolidated Net Income / (Loss)	-17	-171	-381
Net Income / (Loss) Continuing Operations	-17	-171	-381
Total Pre-Tax Income	-17	-164	-380
Total Operating Income	160	29	-46
Total Gross Profit	1,026	952	842
Total Revenue	1,026	952	842
Operating Revenue	1,026	952	842
Total Cost of Revenue	0.00	0.00	0.00
Operating Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	867	923	888
Selling, General & Admin Expense	493	525	534
Depreciation Expense	373	398	354
Total Other Income / (Expense), net	-176	-193	-334
Interest Expense	150	204	177
Interest & Investment Income	3.28	-1.72	-4.84
Other Income / (Expense), net	-30	13	-152
Income Tax Expense	0.00	6.80	1.64
Preferred Stock Dividends Declared	21	21	21
Net Income / (Loss) Attributable to Noncontrolling Interest	19	0.68	-38
Weighted Average Basic Shares Outstanding	143.73M	140.95M	141.19M
Weighted Average Diluted Shares Outstanding	143.73M	140.95M	141.19M
Weighted Average Basic & Diluted Shares Outstanding	141.06M	141.11M	141.35M
Cash Dividends to Common per Share	$1.00	$0.38	$0.10

This table shows Hudson Pacific Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-17	-12	-20	-36	-38	-98	-52	-47	-98	-167
Consolidated Net Income / (Loss)	-6.79	-5.66	-15	-31	-36	-89	-53	-48	-107	-173
Net Income / (Loss) Continuing Operations	-6.79	-5.66	-15	-31	-36	-89	-53	-48	-107	-173
Total Pre-Tax Income	-8.10	-3.59	-15	-25	-36	-88	-53	-47	-105	-175
Total Operating Income	42	39	25	16	3.18	-15	-7.60	-2.76	-21	-15
Total Gross Profit	260	270	252	245	231	223	214	218	200	210
Total Revenue	260	270	252	245	231	223	214	218	200	210
Operating Revenue	260	270	252	245	231	223	214	218	200	210
Total Operating Expenses	218	231	227	229	228	239	222	221	221	225
Selling, General & Admin Expense	125	134	130	130	130	135	130	134	134	135
Depreciation Expense	93	97	97	99	99	103	92	87	87	89
Total Other Income / (Expense), net	-51	-43	-40	-41	-39	-73	-46	-44	-84	-160
Interest Expense	37	48	54	45	54	52	44	44	45	44
Interest & Investment Income	-0.16	-0.47	-0.37	-0.48	0.04	-0.91	0.11	-1.90	-2.68	-0.37
Other Income / (Expense), net	-13	5.82	14	4.11	14	-19	-1.78	1.77	-36	-115
Income Tax Expense	-1.31	-	0.00	6.30	-0.43	0.92	0.00	0.51	2.18	-1.05
Preferred Stock Dividends Declared	5.20	5.20	5.20	5.20	5.20	5.20	5.20	5.20	5.20	5.20
Net Income / (Loss) Attributable to Noncontrolling Interest	5.29	1.13	0.41	-0.51	-3.36	4.14	-6.35	-5.73	-14	-12
Weighted Average Basic Shares Outstanding	141.12M	143.73M	141.03M	140.91M	140.94M	140.95M	141.12M	141.18M	141.23M	141.19M
Weighted Average Diluted Shares Outstanding	141.12M	143.73M	141.03M	140.91M	140.94M	140.95M	141.12M	141.18M	141.23M	141.19M
Weighted Average Basic & Diluted Shares Outstanding	140.92M	141.06M	140.90M	140.94M	140.94M	141.11M	141.14M	141.23M	141.23M	141.35M

This table details how cash moves in and out of Hudson Pacific Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	89	-167	-20
Net Cash From Operating Activities	370	232	165
Net Cash From Continuing Operating Activities	370	232	165
Net Income / (Loss) Continuing Operations	-17	-171	-381
Consolidated Net Income / (Loss)	-17	-171	-381
Depreciation Expense	373	398	354
Amortization Expense	-3.76	-2.37	-0.64
Non-Cash Adjustments To Reconcile Net Income	25	20	215
Changes in Operating Assets and Liabilities, net	-8.31	-13	-23
Net Cash From Investing Activities	-378	468	-251
Net Cash From Continuing Investing Activities	-378	468	-251
Purchase of Property, Plant & Equipment	-20	-5.74	-23
Acquisitions	-239	-69	-48
Purchase of Investments	-17	-4.92	-5.94
Sale of Property, Plant & Equipment	138	843	21
Sale and/or Maturity of Investments	133	3.03	0.40
Other Investing Activities, net	-372	-299	-196
Net Cash From Financing Activities	97	-867	66
Net Cash From Continuing Financing Activities	97	-867	66
Repayment of Debt	-517	-1,204	-38
Repurchase of Preferred Equity	-200	0.00	0.00
Repurchase of Common Equity	-38	-1.37	-0.08
Payment of Dividends	-241	-217	-69
Issuance of Debt	1,198	382	181
Issuance of Common Equity	24	26	34
Other Financing Activities, net	-128	147	-42

This table details how cash moves in and out of Hudson Pacific Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-111	82	-103	-55	-34	25	14	-34	14	-15
Net Cash From Operating Activities	138	41	93	59	71	9.22	65	36	64	0.16
Net Cash From Continuing Operating Activities	138	41	93	59	71	9.22	65	36	64	0.16
Net Income / (Loss) Continuing Operations	-6.79	-5.66	-15	-31	-36	-89	-53	-48	-107	-173
Consolidated Net Income / (Loss)	-6.79	-5.66	-15	-31	-36	-89	-53	-48	-107	-173
Depreciation Expense	93	97	97	99	99	103	92	87	87	89
Amortization Expense	-0.66	-0.63	-0.62	-0.64	-0.55	-0.56	-0.62	-0.26	-0.02	0.26
Non-Cash Adjustments To Reconcile Net Income	12	4.89	3.44	11	-6.44	12	13	10	58	134
Changes in Operating Assets and Liabilities, net	41	-54	7.37	-19	16	-17	15	-14	26	-50
Net Cash From Investing Activities	-231	-43	10	-104	-31	592	-71	-50	-75	-55
Net Cash From Continuing Investing Activities	-231	-43	10	-104	-31	592	-71	-50	-75	-55
Purchase of Property, Plant & Equipment	-15	89	-0.77	-0.88	-2.80	-1.29	-5.08	-5.29	-7.95	-4.75
Acquisitions	-202	-23	-13	-22	-21	-13	-21	-9.56	-11	-6.09
Purchase of Investments	-2.82	-2.32	-0.90	-2.44	-0.85	-0.73	-0.55	-0.37	-2.02	-3.00
Sale of Property, Plant & Equipment	45	93	100	-	67	676	0.00	-	-	21
Sale and/or Maturity of Investments	0.18	1.97	1.17	1.23	-	0.63	0.00	-	0.06	0.35
Other Investing Activities, net	-56	-202	-76	-79	-73	-70	-45	-34	-54	-63
Net Cash From Financing Activities	-19	83	-206	-10	-74	-577	21	-20	25	40
Net Cash From Continuing Financing Activities	-19	83	-206	-10	-75	-575	21	-20	25	40
Repayment of Debt	-557	43	-212	-172	-133	-687	-10	-20	-	-8.00
Payment of Dividends	-48	-57	-55	-54	-24	-84	-31	-17	-10	-11
Issuance of Debt	589	219	56	208	75	44	98	14	24	44
Issuance of Common Equity	0.78	7.45	6.50	7.71	7.33	4.95	4.70	8.48	6.40	14
Other Financing Activities, net	0.20	-129	-0.09	-	-	148	-41	-5.00	4.55	-0.07

This table presents Hudson Pacific Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	9,319	8,282	8,132
Total Current Assets	401	238	287
Cash & Equivalents	256	100	63
Restricted Cash	30	19	36
Accounts Receivable	17	25	15
Prepaid Expenses	99	94	90
Other Current Nonoperating Assets	-	0.00	83
Plant, Property, & Equipment, net	130	119	127
Accumulated Depreciation	1,541	1,728	1,791
Total Noncurrent Assets	10,329	9,654	9,509
Long-Term Investments	181	253	221
Noncurrent Note & Lease Receivables	280	221	200
Goodwill	264	264	157
Intangible Assets	394	327	328
Other Noncurrent Operating Assets	9,211	8,589	8,604
Total Liabilities & Shareholders' Equity	9,319	8,282	8,132
Total Liabilities	5,434	4,721	4,955
Total Current Liabilities	264	204	225
Accounts Payable	264	204	194
Other Current Nonoperating Liabilities	-	0.00	31
Total Noncurrent Liabilities	5,170	4,517	4,730
Long-Term Debt	4,652	4,011	4,243
Other Noncurrent Operating Liabilities	518	506	487
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	135	67	59
Total Equity & Noncontrolling Interests	3,750	3,494	3,119
Total Preferred & Common Equity	3,305	3,078	2,855
Preferred Stock	425	425	425
Total Common Equity	2,880	2,653	2,430
Common Stock	2,891	2,653	2,439
Accumulated Other Comprehensive Income / (Loss)	-11	-0.19	-8.42
Noncontrolling Interest	445	416	263

This table presents Hudson Pacific Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	9,320	9,124	9,106	8,987	8,251	8,353	8,317
Total Current Assets	330	299	276	233	248	227	264
Cash & Equivalents	162	163	109	75	114	78	91
Restricted Cash	42	20	19	19	19	21	23
Accounts Receivable	20	15	19	19	24	18	15
Prepaid Expenses	107	101	129	119	91	109	96
Other Current Nonoperating Assets	-	-	-	-	-	-	40
Plant, Property, & Equipment, net	129	124	120	116	120	121	123
Accumulated Depreciation	1,478	1,619	1,687	1,736	1,737	1,777	1,769
Total Noncurrent Assets	10,340	10,320	10,398	10,374	9,620	9,781	9,699
Long-Term Investments	154	194	218	236	270	212	227
Noncurrent Note & Lease Receivables	276	291	294	291	218	218	206
Goodwill	261	264	264	264	264	264	264
Intangible Assets	405	382	372	360	319	329	324
Other Noncurrent Operating Assets	9,244	9,189	9,250	9,223	8,549	8,758	8,677
Total Liabilities & Shareholders' Equity	9,320	9,124	9,106	8,987	8,251	8,353	8,317
Total Liabilities	5,393	5,294	5,332	5,261	4,801	4,896	4,971
Total Current Liabilities	356	272	274	267	203	228	296
Accounts Payable	356	272	274	267	203	228	265
Other Current Nonoperating Liabilities	-	-	-	-	-	-	31
Total Noncurrent Liabilities	5,037	5,023	5,057	4,993	4,598	4,668	4,675
Long-Term Debt	4,515	4,500	4,539	4,483	4,100	4,180	4,206
Other Noncurrent Operating Liabilities	519	523	518	510	497	488	470
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	135	131	129	125	62	61	60
Total Equity & Noncontrolling Interests	3,792	3,699	3,645	3,601	3,389	3,396	3,286
Total Preferred & Common Equity	3,345	3,253	3,217	3,179	3,183	3,130	3,027
Preferred Stock	425	425	425	425	425	425	425
Total Common Equity	2,920	2,828	2,792	2,754	2,758	2,705	2,602
Common Stock	2,937	2,836	2,785	2,750	2,755	2,702	2,605
Accumulated Other Comprehensive Income / (Loss)	-17	-8.15	6.41	4.18	3.03	2.82	-2.34
Noncontrolling Interest	448	446	429	422	205	266	259

This table displays calculated financial ratios and metrics derived from Hudson Pacific Properties' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	14.43%	-7.20%	-11.57%
EBITDA Growth	2.36%	-12.38%	-64.30%
EBIT Growth	-14.18%	-67.54%	-567.74%
NOPAT Growth	-23.45%	-81.82%	-258.03%
Net Income Growth	-156.93%	-933.48%	-123.44%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	17.35%	-37.14%	-29.11%
Free Cash Flow Firm Growth	37.56%	334.51%	-91.77%
Invested Capital Growth	4.48%	-7.11%	-1.01%
Revenue Q/Q Growth	2.95%	-4.66%	-1.61%
EBITDA Q/Q Growth	1.84%	-14.24%	-41.06%
EBIT Q/Q Growth	-0.65%	-65.29%	-93.73%
NOPAT Q/Q Growth	-31.45%	-65.14%	0.52%
Net Income Q/Q Growth	-380.33%	-94.64%	-28.60%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	3.24%	-12.02%	-5.21%
Free Cash Flow Firm Q/Q Growth	97.01%	7,514.84%	-90.53%
Invested Capital Q/Q Growth	0.49%	-7.13%	-1.47%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	48.68%	45.96%	18.56%
Operating Margin	15.56%	3.05%	-5.45%
EBIT Margin	12.68%	4.43%	-23.46%
Profit (Net Income) Margin	-1.61%	-17.93%	-45.29%
Tax Burden Percent	100.00%	104.15%	100.43%
Interest Burden Percent	-12.70%	-388.11%	192.26%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.19%	0.22%	-0.36%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.23%	-3.22%	-6.70%
Return on Net Nonoperating Assets (RNNOA)	-1.59%	-4.80%	-10.96%
Return on Equity (ROE)	-0.40%	-4.59%	-11.32%
Cash Return on Invested Capital (CROIC)	-3.19%	7.59%	0.65%
Operating Return on Assets (OROA)	1.42%	0.48%	-2.41%
Return on Assets (ROA)	-0.18%	-1.94%	-4.65%
Return on Common Equity (ROCE)	-0.30%	-3.41%	-8.54%
Return on Equity Simple (ROE_SIMPLE)	-0.50%	-5.55%	-13.36%
Net Operating Profit after Tax (NOPAT)	112	20	-32
NOPAT Margin	10.89%	2.13%	-3.81%
Net Nonoperating Expense Percent (NNEP)	2.42%	3.44%	6.33%
Return On Investment Capital (ROIC_SIMPLE)	1.33%	0.27%	-0.44%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	48.07%	55.17%	63.36%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	84.44%	96.95%	105.45%
Earnings before Interest and Taxes (EBIT)	130	42	-198
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	500	438	156
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.44	0.49	0.18
Price to Tangible Book Value (P/TBV)	0.57	0.63	0.22
Price to Revenue (P/Rev)	1.23	1.35	0.51
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	11.14%	9.57%	3.30%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.67	0.65	0.58
Enterprise Value to Revenue (EV/Rev)	6.29	6.13	6.05
Enterprise Value to EBITDA (EV/EBITDA)	12.92	13.33	32.62
Enterprise Value to EBIT (EV/EBIT)	49.62	138.20	0.00
Enterprise Value to NOPAT (EV/NOPAT)	57.75	287.23	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.47	25.13	30.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	8.30	88.04
Leverage & Solvency	-	-	-
Debt to Equity	1.20	1.13	1.34
Long-Term Debt to Equity	1.20	1.13	1.34
Financial Leverage	1.29	1.49	1.64
Leverage Ratio	2.23	2.36	2.44
Compound Leverage Factor	-0.28	-9.17	4.68
Debt to Total Capital	54.49%	52.97%	57.18%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	54.49%	52.97%	57.18%
Preferred Equity to Total Capital	4.98%	5.61%	5.73%
Noncontrolling Interests to Total Capital	6.79%	6.38%	4.34%
Common Equity to Total Capital	33.74%	35.03%	32.75%
Debt to EBITDA	9.31	9.16	27.15
Net Debt to EBITDA	8.38	8.32	25.10
Long-Term Debt to EBITDA	9.31	9.16	27.15
Debt to NOPAT	41.62	197.42	-132.13
Net Debt to NOPAT	37.45	179.12	-122.15
Long-Term Debt to NOPAT	41.62	197.42	-132.13
Altman Z-Score	0.31	0.30	0.08
Noncontrolling Interest Sharing Ratio	24.62%	25.69%	24.57%
Liquidity Ratios	-	-	-
Current Ratio	1.52	1.17	1.28
Quick Ratio	1.03	0.61	0.35
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-300	703	58
Operating Cash Flow to CapEx	0.00%	0.00%	9,842.02%
Free Cash Flow to Firm to Interest Expense	-2.00	3.44	0.33
Operating Cash Flow to Interest Expense	2.47	1.14	0.93
Operating Cash Flow Less CapEx to Interest Expense	3.25	5.23	0.92
Efficiency Ratios	-	-	-
Asset Turnover	0.11	0.11	0.10
Accounts Receivable Turnover	48.68	45.97	43.06
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	10.87	7.65	6.85
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	7.50	7.94	8.48
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	7.50	7.94	8.48
Capital & Investment Metrics	-	-	-
Invested Capital	9,612	8,929	8,839
Invested Capital Turnover	0.11	0.10	0.09
Increase / (Decrease) in Invested Capital	412	-683	-90
Enterprise Value (EV)	6,455	5,836	5,098
Market Capitalization	1,265	1,289	428
Book Value per Share	$20.44	$18.82	$17.21
Tangible Book Value per Share	$15.77	$14.63	$13.78
Total Capital	8,537	7,573	7,421
Total Debt	4,652	4,011	4,243
Total Long-Term Debt	4,652	4,011	4,243
Net Debt	4,186	3,640	3,922
Capital Expenditures (CapEx)	-118	-837	1.67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-148	-85	-37
Debt-free Net Working Capital (DFNWC)	137	34	62
Net Working Capital (NWC)	137	34	62
Net Nonoperating Expense (NNE)	128	191	349
Net Nonoperating Obligations (NNO)	5,728	5,368	5,661
Total Depreciation and Amortization (D&A)	369	395	354
Debt-free, Cash-free Net Working Capital to Revenue	-14.46%	-8.92%	-4.42%
Debt-free Net Working Capital to Revenue	13.38%	3.59%	7.35%
Net Working Capital to Revenue	13.38%	3.59%	7.35%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.39)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	143.73M	140.95M	141.19M
Adjusted Diluted Earnings per Share	($0.39)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	143.73M	140.95M	141.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	141.06M	141.11M	141.35M
Normalized Net Operating Profit after Tax (NOPAT)	112	20	-32
Normalized NOPAT Margin	10.89%	2.13%	-3.81%
Pre Tax Income Margin	-1.61%	-17.21%	-45.10%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.87	0.21	-1.11
NOPAT to Interest Expense	0.75	0.10	-0.18
EBIT Less CapEx to Interest Expense	1.65	4.30	-1.12
NOPAT Less CapEx to Interest Expense	1.53	4.20	-0.19
Payout Ratios	-	-	-
Dividend Payout Ratio	-1,459.79%	-127.21%	-18.17%
Augmented Payout Ratio	-1,688.51%	-128.01%	-18.19%

This table displays calculated financial ratios and metrics derived from Hudson Pacific Properties' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.38%	12.24%	3.17%	-2.49%	-11.10%	-17.23%	-15.16%	-11.08%	-13.42%	-6.16%
EBITDA Growth	4.94%	6.83%	20.72%	-4.95%	-5.21%	-51.60%	-39.76%	-27.65%	-74.43%	-159.64%
EBIT Growth	-0.25%	-1.86%	78.86%	-40.97%	-40.78%	-176.61%	-123.82%	-104.94%	-429.14%	-277.41%
NOPAT Growth	15.17%	-35.56%	-35.95%	-77.61%	-92.52%	-138.55%	-130.26%	-117.41%	-750.83%	1.60%
Net Income Growth	-9.87%	-133.76%	-94.58%	-987.59%	-426.38%	-1,467.49%	-260.09%	-51.10%	-199.32%	-95.68%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	22.94%	39.53%	-3.08%	-37.51%	-48.45%	-77.49%	-29.60%	-39.79%	-10.67%	-98.24%
Free Cash Flow Firm Growth	-235.96%	34.18%	84.69%	75.36%	99.54%	274.99%	356.04%	238.55%	1,443.58%	-88.16%
Invested Capital Growth	1,612.65%	4.48%	3.06%	4.42%	0.51%	-7.11%	-7.19%	-5.72%	-6.70%	-1.01%
Revenue Q/Q Growth	3.55%	3.68%	-6.54%	-2.81%	-5.60%	-3.47%	-4.21%	1.86%	-8.08%	4.63%
EBITDA Q/Q Growth	-2.15%	15.71%	-3.54%	-12.97%	-2.42%	-40.91%	20.06%	4.52%	-65.51%	-237.81%
EBIT Q/Q Growth	-13.26%	53.39%	-12.47%	-49.31%	-12.99%	-298.42%	72.78%	89.48%	-5,695.94%	-127.51%
NOPAT Q/Q Growth	-40.00%	-7.79%	-35.89%	-36.87%	-79.96%	-575.43%	49.67%	63.68%	-648.97%	28.12%
Net Income Q/Q Growth	-291.54%	16.73%	-161.97%	-112.42%	-13.59%	-147.98%	39.82%	10.87%	-125.02%	-62.11%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	46.17%	-70.41%	125.91%	-36.05%	20.60%	-87.08%	606.53%	-45.30%	78.95%	-99.75%
Free Cash Flow Firm Q/Q Growth	-530.29%	96.22%	30.65%	-49.12%	88.22%	1,536.08%	1.47%	-19.31%	14.27%	-87.35%
Invested Capital Q/Q Growth	3.46%	0.49%	-0.43%	0.87%	-0.41%	-7.13%	-0.51%	2.45%	-1.44%	-1.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	46.76%	52.19%	53.87%	48.23%	49.86%	30.52%	38.25%	39.24%	14.73%	-19.39%
Operating Margin	16.31%	14.51%	9.95%	6.46%	1.37%	-6.76%	-3.55%	-1.27%	-10.31%	-7.08%
EBIT Margin	11.26%	16.66%	15.60%	8.14%	7.50%	-15.42%	-4.38%	-0.45%	-28.52%	-62.01%
Profit (Net Income) Margin	-2.61%	-2.10%	-5.87%	-12.84%	-15.45%	-39.68%	-24.93%	-21.82%	-53.40%	-82.74%
Tax Burden Percent	83.87%	157.68%	100.00%	125.04%	98.83%	101.05%	100.00%	101.08%	102.08%	99.40%
Interest Burden Percent	-27.62%	-7.98%	-37.64%	-126.14%	-208.36%	254.67%	569.00%	4,771.50%	183.44%	134.24%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.55%	1.11%	0.76%	0.49%	0.10%	-0.49%	-0.25%	-0.08%	-0.66%	-0.47%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.65%	0.48%	0.17%	-0.27%	-0.56%	-1.89%	-1.11%	-0.88%	-2.27%	-3.43%
Return on Net Nonoperating Assets (RNNOA)	-0.60%	0.62%	0.24%	-0.39%	-0.84%	-2.82%	-1.70%	-1.40%	-3.70%	-5.61%
Return on Equity (ROE)	1.95%	1.73%	1.00%	0.10%	-0.74%	-3.31%	-1.94%	-1.48%	-4.36%	-6.08%
Cash Return on Invested Capital (CROIC)	-104.91%	-3.19%	-1.93%	-3.42%	0.10%	7.59%	7.43%	5.73%	6.58%	0.65%
Operating Return on Assets (OROA)	1.24%	1.87%	1.78%	0.92%	0.82%	-1.67%	-0.46%	-0.05%	-2.82%	-6.36%
Return on Assets (ROA)	-0.29%	-0.23%	-0.67%	-1.45%	-1.69%	-4.29%	-2.62%	-2.22%	-5.28%	-8.49%
Return on Common Equity (ROCE)	1.55%	1.30%	0.75%	0.08%	-0.55%	-2.46%	-1.49%	-1.12%	-3.31%	-4.59%
Return on Equity Simple (ROE_SIMPLE)	0.18%	0.00%	-0.73%	-1.83%	-2.76%	0.00%	-6.57%	-7.20%	-9.80%	0.00%
Net Operating Profit after Tax (NOPAT)	30	27	18	11	2.22	-11	-5.32	-1.93	-14	-10
NOPAT Margin	11.42%	10.15%	6.97%	4.52%	0.96%	-4.73%	-2.48%	-0.89%	-7.22%	-4.96%
Net Nonoperating Expense Percent (NNEP)	7.20%	0.62%	0.59%	0.76%	0.66%	1.41%	0.86%	0.79%	1.61%	2.96%
Return On Investment Capital (ROIC_SIMPLE)	-	0.33%	-	-	-	-0.14%	-	-	-	-0.14%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	47.94%	49.74%	51.54%	53.18%	56.03%	60.57%	60.63%	61.45%	67.06%	64.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	83.69%	85.49%	90.05%	93.54%	98.63%	106.76%	103.55%	101.27%	110.31%	107.08%
Earnings before Interest and Taxes (EBIT)	29	45	39	20	17	-34	-9.38	-0.99	-57	-130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	122	141	136	118	115	68	82	86	30	-41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.48	0.44	0.32	0.21	0.33	0.49	0.33	0.25	0.26	0.18
Price to Tangible Book Value (P/TBV)	0.62	0.57	0.41	0.27	0.43	0.63	0.41	0.32	0.34	0.22
Price to Revenue (P/Rev)	1.40	1.23	0.87	0.57	0.92	1.35	0.98	0.77	0.79	0.51
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	10.14%	11.14%	15.71%	21.11%	13.40%	9.57%	2.74%	2.08%	2.09%	3.30%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.69	0.67	0.63	0.60	0.63	0.65	0.60	0.58	0.59	0.58
Enterprise Value to Revenue (EV/Rev)	6.58	6.29	5.82	5.60	6.05	6.13	5.79	5.97	6.17	6.05
Enterprise Value to EBITDA (EV/EBITDA)	13.38	12.92	11.52	11.15	11.85	13.33	13.78	15.10	19.93	32.62
Enterprise Value to EBIT (EV/EBIT)	50.11	49.62	40.84	43.11	49.69	138.20	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	40.24	57.75	59.08	67.13	103.71	287.23	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.34	17.47	16.43	17.40	22.90	25.13	25.82	29.22	30.41	30.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	654.43	8.30	7.72	9.87	8.64	88.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.15	1.20	1.18	1.20	1.20	1.13	1.19	1.21	1.26	1.34
Long-Term Debt to Equity	1.15	1.20	1.18	1.20	1.20	1.13	1.19	1.21	1.26	1.34
Financial Leverage	0.13	1.29	1.39	1.44	1.51	1.49	1.54	1.59	1.63	1.64
Leverage Ratio	2.29	2.23	2.29	2.34	2.39	2.36	2.39	2.41	2.45	2.44
Compound Leverage Factor	-0.63	-0.18	-0.86	-2.95	-4.98	6.02	13.58	115.20	4.49	3.27
Debt to Total Capital	53.48%	54.49%	54.02%	54.60%	54.61%	52.97%	54.30%	54.74%	55.69%	57.18%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	53.48%	54.49%	54.02%	54.60%	54.61%	52.97%	54.30%	54.74%	55.69%	57.18%
Preferred Equity to Total Capital	5.03%	4.98%	5.10%	5.11%	5.18%	5.61%	5.63%	5.57%	5.63%	5.73%
Noncontrolling Interests to Total Capital	6.90%	6.79%	6.92%	6.71%	6.67%	6.38%	3.54%	4.28%	4.22%	4.34%
Common Equity to Total Capital	34.58%	33.74%	33.96%	33.58%	33.55%	35.03%	36.53%	35.42%	34.46%	32.75%
Debt to EBITDA	9.20	9.31	8.61	8.78	8.78	9.16	10.69	11.91	15.87	27.15
Net Debt to EBITDA	8.47	8.38	7.88	8.11	8.14	8.32	9.63	11.02	14.58	25.10
Long-Term Debt to EBITDA	9.20	9.31	8.61	8.78	8.78	9.16	10.69	11.91	15.87	27.15
Debt to NOPAT	27.69	41.62	44.15	52.91	76.91	197.42	-1,595.69	-268.08	-130.29	-132.13
Net Debt to NOPAT	25.50	37.45	40.45	48.87	71.24	179.12	-1,438.47	-248.07	-119.72	-122.15
Long-Term Debt to NOPAT	27.69	41.62	44.15	52.91	76.91	197.42	-1,595.69	-268.08	-130.29	-132.13
Altman Z-Score	0.27	0.28	0.23	0.19	0.22	0.27	0.23	0.19	0.16	0.11
Noncontrolling Interest Sharing Ratio	20.36%	24.62%	25.42%	25.62%	25.87%	25.69%	23.26%	23.98%	24.27%	24.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	1.52	1.10	1.00	0.87	1.17	1.22	1.00	0.89	1.28
Quick Ratio	0.51	1.03	0.66	0.47	0.35	0.61	0.68	0.42	0.36	0.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-10,168	-384	-267	-397	-47	673	682	551	629	80
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	6,754.22%	0.00%	0.00%	1,283.31%	673.51%	801.72%	0.00%
Free Cash Flow to Firm to Interest Expense	-272.90	-7.99	-4.95	-8.90	-0.87	12.84	15.48	12.47	13.98	1.80
Operating Cash Flow to Interest Expense	3.71	0.85	1.72	1.33	1.33	0.18	1.48	0.81	1.42	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.50	4.65	3.57	1.31	2.52	13.06	1.36	0.69	1.24	0.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.10
Accounts Receivable Turnover	44.88	48.68	47.16	59.54	51.19	45.97	46.69	47.72	49.88	43.06
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	10.87	11.22	11.44	8.17	7.65	7.49	7.38	7.17	6.85
Accounts Payable Turnover	0.78	0.00	1.40	1.41	1.33	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	8.13	7.50	7.74	6.13	7.13	7.94	7.82	7.65	7.32	8.48
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	469.03	0.00	260.46	259.26	274.74	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-460.90	7.50	-252.72	-253.13	-267.61	7.94	7.82	7.65	7.32	8.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,566	9,612	9,571	9,654	9,615	8,929	8,884	9,102	8,971	8,839
Invested Capital Turnover	0.22	0.11	0.11	0.11	0.10	0.10	0.10	0.09	0.09	0.09
Increase / (Decrease) in Invested Capital	10,198	412	284	409	49	-683	-688	-553	-644	-90
Enterprise Value (EV)	6,562	6,455	6,022	5,760	6,046	5,836	5,289	5,299	5,283	5,098
Market Capitalization	1,397	1,265	898	584	920	1,289	900	679	675	428
Book Value per Share	$20.61	$20.44	$20.05	$19.81	$19.54	$18.82	$19.54	$19.17	$18.43	$17.21
Tangible Book Value per Share	$15.91	$15.77	$15.47	$15.31	$15.12	$14.63	$15.41	$14.96	$14.26	$13.78
Total Capital	8,443	8,537	8,329	8,314	8,209	7,573	7,551	7,637	7,552	7,421
Total Debt	4,515	4,652	4,500	4,539	4,483	4,011	4,100	4,180	4,206	4,243
Total Long-Term Debt	4,515	4,652	4,500	4,539	4,483	4,011	4,100	4,180	4,206	4,243
Net Debt	4,157	4,186	4,123	4,193	4,153	3,640	3,696	3,868	3,864	3,922
Capital Expenditures (CapEx)	-29	-182	-100	0.88	-64	-675	5.08	5.29	7.95	-17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-229	-148	-156	-127	-129	-85	-88	-101	-145	-37
Debt-free Net Working Capital (DFNWC)	-25	137	27	1.27	-35	34	45	-0.80	-31	62
Net Working Capital (NWC)	-25	137	27	1.27	-35	34	45	-0.80	-31	62
Net Nonoperating Expense (NNE)	37	33	32	43	38	78	48	46	93	163
Net Nonoperating Obligations (NNO)	5,638	5,728	5,742	5,880	5,889	5,368	5,433	5,645	5,625	5,661
Total Depreciation and Amortization (D&A)	92	96	97	98	98	103	91	87	87	89
Debt-free, Cash-free Net Working Capital to Revenue	-23.00%	-14.46%	-15.08%	-12.31%	-12.88%	-8.92%	-9.67%	-11.36%	-16.97%	-4.42%
Debt-free Net Working Capital to Revenue	-2.52%	13.38%	2.60%	0.12%	-3.45%	3.59%	4.94%	-0.09%	-3.66%	7.35%
Net Working Capital to Revenue	-2.52%	13.38%	2.60%	0.12%	-3.45%	3.59%	4.94%	-0.09%	-3.66%	7.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	141.12M	143.73M	141.03M	140.91M	140.94M	140.95M	141.12M	141.18M	141.23M	141.19M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	141.12M	143.73M	141.03M	140.91M	140.94M	140.95M	141.12M	141.18M	141.23M	141.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	140.92M	141.06M	140.90M	140.94M	140.94M	141.11M	141.14M	141.23M	141.23M	141.35M
Normalized Net Operating Profit after Tax (NOPAT)	30	27	18	11	2.22	-11	-5.32	-1.93	-14	-10
Normalized NOPAT Margin	11.42%	10.15%	6.97%	4.52%	0.96%	-4.73%	-2.48%	-0.89%	-7.22%	-4.96%
Pre Tax Income Margin	-3.11%	-1.33%	-5.87%	-10.27%	-15.63%	-39.27%	-24.93%	-21.58%	-52.31%	-83.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.79	0.94	0.73	0.45	0.32	-0.66	-0.21	-0.02	-1.27	-2.95
NOPAT to Interest Expense	0.80	0.57	0.33	0.25	0.04	-0.20	-0.12	-0.04	-0.32	-0.24
EBIT Less CapEx to Interest Expense	1.57	4.73	2.58	0.43	1.51	12.22	-0.33	-0.14	-1.45	-2.57
NOPAT Less CapEx to Interest Expense	1.58	4.36	2.18	0.23	1.23	12.68	-0.24	-0.16	-0.50	0.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4,124.92%	-1,459.79%	-994.58%	-363.94%	-216.57%	-127.21%	-92.50%	-69.78%	-48.28%	-18.17%
Augmented Payout Ratio	5,298.90%	-1,688.51%	-1,159.31%	-371.17%	-218.13%	-128.01%	-92.50%	-69.82%	-48.30%	-18.19%

Frequently Asked Questions About Hudson Pacific Properties' Financials

When does Hudson Pacific Properties's fiscal year end?

According to the most recent income statement we have on file, Hudson Pacific Properties' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Hudson Pacific Properties' net income changed over the last 2 years?

Hudson Pacific Properties' net income appears to be on an upward trend, with a most recent value of -$381.41 million in 2024, rising from -$16.52 million in 2022. The previous period was -$170.70 million in 2023.

What is Hudson Pacific Properties's operating income?

Hudson Pacific Properties's total operating income in 2024 was -$45.87 million, based on the following breakdown:

Total Gross Profit: $842.08 million
Total Operating Expenses: $887.96 million

How has Hudson Pacific Properties revenue changed over the last 2 years?

Over the last 2 years, Hudson Pacific Properties' total revenue changed from $1.03 billion in 2022 to $842.08 million in 2024, a change of -17.9%.

How much debt does Hudson Pacific Properties have?

Hudson Pacific Properties' total liabilities were at $4.95 billion at the end of 2024, a 4.9% increase from 2023, and a 8.8% decrease since 2022.

How much cash does Hudson Pacific Properties have?

In the past 2 years, Hudson Pacific Properties' cash and equivalents has ranged from $63.26 million in 2024 to $255.76 million in 2022, and is currently $63.26 million as of their latest financial filing in 2024.

How has Hudson Pacific Properties' book value per share changed over the last 2 years?

Over the last 2 years, Hudson Pacific Properties' book value per share changed from 20.44 in 2022 to 17.21 in 2024, a change of -15.8%.

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This page (NYSE:HPP) was last updated on 4/16/2025 by MarketBeat.com Staff

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Hudson Pacific Properties (HPP) Financials

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Hudson Pacific Properties (HPP) Financials

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