Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 26

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 26
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 have served as the Company’s auditor since 2009.

Los Angeles, California 

February 25, 2025 

F-4

HUDSON PACIFIC PROPERTIES, INC.CONSOLIDATED BALANCE SHEETS(in thousands, except share data)

December 31, 2024December 31, 2023ASSETSInvestment in real estate, at cost$8,233,286 $8,212,896 Accumulated depreciation and amortization(1,791,108)(1,728,437)Investment in real estate, net6,442,178 6,484,459 Non-real estate property, plant and equipment, net127,067 118,783 Cash and cash equivalents63,256 100,391 Restricted cash35,921 18,765 Accounts receivable, net14,505 24,609 Straight-line rent receivables, net199,748 220,787 Deferred leasing costs and intangible assets, net327,514 326,950 Operating lease right-of-use assets370,826 376,306 Prepaid expenses and other assets, net90,114 94,145 Investment in unconsolidated real estate entities221,468 252,711 Goodwill156,529 264,144 Assets associated with real estate held for sale83,113 — TOTAL ASSETS$8,132,239 $8,282,050 LIABILITIES AND EQUITYLiabilitiesUnsecured and secured debt, net$4,176,844 $3,945,314 Joint venture partner debt66,136 66,136 Accounts payable, accrued liabilities and other193,861 203,736 Operating lease liabilities380,004 389,210 Intangible liabilities, net21,838 27,751 Security deposits, prepaid rent and other84,708 88,734 Liabilities associated with real estate held for sale31,117 — Total liabilities4,954,508 4,720,881    Commitments and contingencies (Note 21)   Redeemable preferred units of the operating partnership9,815 9,815 Redeemable non-controlling interest in consolidated real estate entities49,279 57,182 EquityHudson Pacific Properties, Inc. stockholders’ equity:4.750% Series C cumulative redeemable preferred stock, $0.01 par