NYSE$HPP
Hudson Pacific Properties Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2024.
Hudson Pacific Properties reported a total revenue of $200.4 million and a net loss attributable to common stockholders of $97.9 million, or $0.69 per diluted share, for the third quarter of 2024. The company signed 539,000 sq ft of office leases in 3Q and 1.6 million sq ft year to date.
- Total revenue was $200.4 million, compared to $231.4 million in the same quarter of the previous year, due to the sale of One Westside and expiration of the Block lease at 1455 Market.
- Net loss attributable to common stockholders was $97.9 million, or $0.69 per diluted share, compared to a net loss of $37.6 million, or $0.27 per diluted share, in the same quarter of the previous year, primarily due to non-cash impairments associated with potential asset sales.
- FFO, excluding specified items, was $14.3 million, or $0.10 per diluted share, compared to $26.1 million, or $0.18 per diluted share, in the same quarter of the previous year.
- Executed 85 new and renewal leases totaling 539,272 square feet.
Headline financials
Revenue & EPS history
Hudson Pacific · Revenue · Quarterly
$200M
Revenue by segment
Hudson Pacific · $231M total across 2 segments · Q3 2023
- Office revenues$204M-4.6%88.0%
- Studio revenues$27.9M-40.6%12.0%
Forward guidance
Hudson Pacific is providing an FFO outlook for the fourth quarter of $0.09 to $0.13 per diluted share along with updated full-year assumptions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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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