Company: HPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001482512-25-000043
Chunk: 16

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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able square feet11,159,74711,159,747Ending % leased74.4 %78.4 %Ending % occupied73.3 %77.1 %Average % occupied for the period73.0 %77.5 %Average annual rental rate per square foot$58.50 $58.79 Same-store studioNumber of properties33Rentable square feet1,205,0241,205,024Average % leased for the period(1)73.8 %76.9 %

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1.Percent leased for same-store studio is the average percent leased for the 12 months ended.

47

The following table gives further detail on our NOI:

Three Months Ended March 31,20252024Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreTotalRevenuesOfficeRental$144,825 $13,568 $158,393 $153,111 $18,316 $171,427 Service and other revenues6,730 88 6,818 3,474 174 3,648 Total office revenues151,555 13,656 165,211 156,585 18,490 175,075 StudioRental10,376 3,276 13,652 10,770 2,830 13,600 Service and other revenues6,623 12,973 19,596 8,556 16,792 25,348 Total studio revenues16,999 16,249 33,248 19,326 19,622 38,948 Total revenues168,554 29,905 198,459 175,911 38,112 214,023 Operating expensesOffice operating expenses65,017 7,260 72,277 63,834 9,113 72,947 Studio operating expenses10,994 29,987 40,981 11,593 25,516 37,109 Total operating expenses76,011 37,247 113,258 75,427 34,629 110,056 Office NOI86,538 6,396 92,934 92,751 9,377 102,128 Studio NOI6,005 (13,738)(7,733)7,733 (5,894)1,839 NOI$92,543