Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 99

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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(10,116)5,848 TOTAL SEGMENT PROFIT$81,949 $104,744 $167,150 $208,711 _________________1.Includes ground lease rent, cleaning, parking, engineering, security, mechanical, electrical & plumbing and repairs & maintenance expenses.2.Includes administrative, utilities, security, cleaning, engineering and repairs & maintenance expenses.The table below presents the reconciliation of segment revenue to consolidated revenue:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Office segmentCore office revenues$152,696 $173,063 $314,865 $345,030 Chargebacks3,137 2,976 6,179 6,084 Total office revenues155,833 176,039 321,044 351,114 Studio segmentTotal studio revenues34,169 41,961 67,417 80,909 Total revenues$190,002 $218,000 $388,461 $432,023 

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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)

The table below reconciles net loss to total profit from all segments:Three Months Ended June 30,Six Months Ended June 30,2025202420252024NET LOSS$(87,760)$(47,557)$(168,038)$(100,912)General and administrative27,776 20,705 46,259 40,415 Depreciation and amortization94,751 86,798 187,836 178,652 Loss from unconsolidated real estate entities205 2,481 1,459 3,224 Fee income(1,476)(1,371)(2,835)(2,496)Interest expense48,137 44,159 91,642 88,248 Interest income(2,123)(579)(2,558)(1,433)Management services reimbursement income—unconsolidated real estate entities(1,123)(1,042)(2,098)(2,198)Management services expense—unconsolidated real estate entities1,123 1,042 2,098 2,198 Transaction-related expenses451 (113)451 2,037 Unreal