NYSE$HPP

Hudson Pacific Properties Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Hudson Pacific Properties Inc reported a net loss of $87.8 million for the second quarter ended June 30, 2025.

The company posted total revenues of $190.0 million, down 12.8% year-over-year, driven by lower office rental income from lease terminations and studio production activity. Net loss attributable to common stockholders widened to $83.1 million, or $0.41 per share, including higher depreciation, debt extinguishment costs, and an impairment charge. Cash and cash equivalents rose to $236.0 million following an equity offering that repaid revolving credit facility borrowings.

  • Total revenues declined to $190.0 million from $218.0 million in Q2 2024, with office revenues falling 11.5% and studio revenues dropping 18.6%.
  • Net loss increased to $87.8 million, reflecting $94.8 million in depreciation and amortization plus a $1.6 million loss on debt extinguishment.
  • In-service office portfolio ended the quarter 76.2% leased; same-store studio properties averaged 73.8% leased over the trailing twelve months.
  • Balance sheet strengthened with $236.0 million in cash after raising $656.9 million in net equity proceeds used to repay debt.

Headline financials

Total Revenue

$190M

Previous: $218M-12.8%
EPS (adj)

-$0.41

Previous: $0.17-341.2%
Office Portfolio Leased

76.2%

No prior period
Capital Expenditures

-$86.1M

Previous: -$98.4M+12.6%
Net Income

-$87.8M

Previous: -$47.6M-84.5%
Operating Income

-$149M

Previous: -$116M-28.1%
Cash & Equivalents

$236M

No prior period
Total Assets

$8.13B

No prior period

Revenue & EPS history

Hudson Pacific · Revenue · Quarterly

$190M

Q2 2025-12.8%vs Q2 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Hudson Pacific · $190M total across 2 segments · Q2 2025

  • Office
    $156M
  • Studio
    $34.2M

Forward guidance

No explicit forward guidance disclosed in the 10-Q filing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.0%

Avg return

30 days after

47%

26 / 55 earnings

Positive

+20.9%

Q4 2025

Best reaction

-13.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-6.3%-0.8%+16.9%
Q4 2025+20.9%+17.5%-11.9%
Q3 2025+8.2%-2.2%-14.4%
Q1 2025-0.4%-2.2%+3.1%
Q4 2024-3.5%-1.0%-6.1%
Q3 2024-5.2%-17.1%-25.7%
Q2 2024-13.9%-19.6%-11.2%
Q1 2024-6.2%-6.4%-15.3%
Q4 2023-12.7%-5.7%-13.1%
Q3 2023+8.5%+19.1%+50.4%
Q2 2023-2.9%+2.7%+16.0%
Q1 2023-8.4%-16.1%+4.4%
Q4 2022-3.3%-2.2%-26.6%
Q3 2022-3.0%-1.6%+2.0%
Q2 2022+0.7%+3.2%-4.3%
Q1 2022-3.6%-10.4%-20.2%
Q4 2021+3.9%+2.1%+7.7%
Q3 2021-4.1%-5.4%-1.3%
Q2 2021-2.8%+0.0%+1.0%
Q1 2021-2.8%-2.0%+4.6%
Q4 2020+0.1%+5.3%+14.9%
Q3 2020-1.1%+7.3%+38.0%
Q2 2020-3.1%-5.2%-3.0%
Q1 2020-1.0%+1.3%+21.3%
Q4 2019-1.4%-6.7%-52.8%
Q3 2019+2.8%+3.1%+2.4%
Q2 2019-2.9%-5.3%-4.0%
Q1 2019+0.6%-0.3%-4.8%
Q4 2018+1.4%+2.4%+2.5%
Q3 2018-1.6%-0.4%+1.8%
Q2 2018-2.2%+0.5%-1.2%
Q1 2018+2.7%+4.5%+7.7%
Q4 2017+4.2%+4.1%+10.8%
Q3 2017+1.7%+3.3%+5.5%
Q2 2017+0.9%-0.7%+0.5%
Q1 2017-0.2%-2.2%-1.6%
Q4 2016+1.2%+2.6%-0.4%
Q3 2016+0.5%+2.2%+7.3%
Q2 2016+1.0%+0.5%+0.6%
Q1 2016-0.6%
Q4 2015+4.7%
Q3 2015-1.1%
Q2 2015+0.9%
Q1 2015+2.9%
Q4 2014+2.7%
Q3 2014+0.7%
Q2 2014+1.3%
Q1 2014-0.6%
Q4 2013+1.5%
Q3 2013+0.1%
Q2 2013-1.6%
Q1 2013+3.9%
Q4 2012-0.9%
Q3 2010-1.9%
Q2 2010+2.0%
Q1 2010

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