NYSE$HPP

Hudson Pacific Properties Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter 2021 financial results.

Hudson Pacific Properties reported strong fourth-quarter results, achieving the high end of its FFO guidance range. The company signed over 448,000 square feet of office leases and saw growth in both GAAP and cash office rents. They also purchased an office tower and commenced construction on a studio facility.

  • Net income attributable to common stockholders was $8.1 million, or $0.05 per diluted share.
  • FFO, excluding specified items, reached $79.6 million, or $0.52 per diluted share.
  • Total revenue increased by 18.0% to $240.5 million.
  • The company repurchased 1.3 million shares of common stock at an average price of $24.07 per share.

Headline financials

Total Revenue

$240M

Previous: $204M+18.0%
EPS (adj)

$0.52

Previous: $0.44+18.2%
Net Income

$8.1M

Previous: -$8.5M+195.3%
Operating Income

$29M

Previous: -$3.17M+1015.8%
Gross Profit

$148M

Previous: $126M+17.3%
Cash & Equivalents

$96.6M

Previous: $114M-15.0%
Total Assets

$8.99B

Previous: $8.35B+7.7%
Stock-Based Comp

$5.45M

Previous: $8.31M-34.5%

Revenue & EPS history

Hudson Pacific · Revenue · Quarterly

$240M

Q4 2021+18%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Hudson Pacific · $241M total across 2 segments · Q4 2021

  • Office revenues
    $206M+11.5%
  • Studio revenues
    $34.8M+79.6%

Forward guidance

The Company is providing 2022 full-year FFO guidance in the range of $2.01 to $2.09 per diluted share, excluding specified items.

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 Q4 2021

Historical avgQ4 2021

-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
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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