Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 15

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 15
---
637 — Other expense (income)93 (1,334)1,427 (107.0)Income tax provision454 510 (56)(11.0)General and administrative27,776 20,705 7,071 34.2 Depreciation and amortization94,751 86,798 7,953 9.2 NOI$81,949 $104,744 $(22,795)(21.8)%Same-store NOI$89,534 $104,570 $(15,036)(14.4)%Non-same-store NOI(7,585)174 (7,759)(4,459.2)NOI$81,949 $104,744 $(22,795)(21.8)%

The following table summarizes certain statistics of our consolidated same-store office and studio properties:

Three Months Ended June 30,20252024Same-store officeNumber of properties3939Rentable square feet11,895,98911,895,989Ending % leased74.1 %78.9 %Ending % occupied73.4 %77.5 %Average % occupied for the period73.3 %77.9 %Average annual rental rate per square foot$58.08 $58.94 Same-store studioNumber of properties33Rentable square feet1,205,0241,205,024Average % leased for the period(1)74.3 %76.1 %

__________________ 

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

49

The following table gives further detail on our NOI:

Three Months Ended June 30,20252024Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreTotalRevenuesOfficeRental revenues$150,383 $150 $150,533 $164,929 $7,667 $172,596 Service and other revenues5,238 62 5,300 3,250 193 3,443 Total office revenues155,621 212 155,833 168,179 7,860 176,039 StudioRental revenues10,230 3,659 13,889 10,638 3,803 14,441 Service and other revenues5,397 14,883 20,280 9,648 17,872