Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 90

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 90
---
 earnings per share amount.The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share to net loss available to common stockholders:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Numerator:Basic and diluted net loss available to common stockholders$(136,467)$(97,918)$(294,324)$(197,147)Denominator:Basic weighted average common shares outstanding(1)451,031,299 141,232,361 266,162,166 141,178,912 Effect of dilutive instruments(2)— — — — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING451,031,299 141,232,361 266,162,166 141,178,912 Basic earnings per common share$(0.30)$(0.69)$(1.11)$(1.40)Diluted earnings per common share$(0.30)$(0.69)$(1.11)$(1.40)    __________________ 1.Basic weighted average common shares outstanding includes common shares issuable upon the exercise of pre-funded warrants in the amounts of 71,823,715 and 28,942,588 for the three and nine months ended September 30, 2025, respectively. The warrants are exercisable at any time for nominal consideration.2.The Company includes unvested awards and convertible common and participating units as contingently issuable shares in the computation of diluted earnings per share once the market or performance criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation.Hudson Pacific Properties, L.P.The operating partnership calculates basic earnings per unit using the two-class method by dividing the net income available to common unitholders for the period by the weighted average number of common units outstanding during the period. Unvested time-based restricted stock awards, unvested time-based performance unit awards and unvested RSUs that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per unit pursuant to the 

33

Table of ContentsHudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P.Notes to Unaudited Consolidated Financial Statements(Unaudited, tabular amounts in thousands, except square footage, share and unit data)

two-class method.