Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 14

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 included in our stabilized portfolio as of July 1, 2024 and still owned and included in the stabilized portfolio as of September 30, 2025; and

•Non-same-store, which includes:

•Stabilized non-same-store properties

•Lease-up properties

•Repositioning properties 

49

•Development properties

•Redevelopment properties

•Held for sale properties

•Operating results from studio service-related businesses

The following table reconciles net loss to NOI:

Three Months Ended September 30,Dollar ChangePercent Change20252024Net loss$(144,086)$(107,013)$(37,073)34.6 %Adjustments:Loss from unconsolidated real estate entities744 3,219 (2,475)(76.9)Fee income(1,082)(1,437)355 (24.7)Interest expense41,726 45,005 (3,279)(7.3)Interest income(2,212)(542)(1,670)308.1 Management services reimbursement income—unconsolidated real estate entities(1,084)(989)(95)9.6 Management services expense—unconsolidated real estate entities1,084 989 95 9.6 Transaction-related expenses139 269 (130)(48.3)Unrealized loss on non-real estate investments2,098 1,081 1,017 94.1 Impairment loss— 36,543 (36,543)(100.0)Loss on deconsolidation of real estate entity77,907 — 77,907 — Loss on extinguishment of debt207 — 207 — Other (income) expense(601)28 (629)(2,246.4)Income tax provision24 2,183 (2,159)(98.9)General and administrative13,709 19,544 (5,835)(29.9)Depreciation and amortization94,085 86,672 7,413 8.6 NOI$82,658 $85,552 $(2,894)(3.4)%Same-store NOI$88,199 $89,007 $(808)(0.9)%Non-same-store NOI(5,541)(3,455)(2,086)60.4 NOI$82,658