Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 113

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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32,643,082 64.81 203414 173,289 170,095 1.4 7,972,654 1.7 46.87 10,841,065 63.74 Thereafter34 949,755 671,438 5.6 27,545,365 6.0 41.02 43,981,409 65.50 Building management use(3)59 323,409 281,873 2.4 — — — — — Signed leases not commenced21 155,974 95,708 .8 4,923,854 1.1 51.45 6,120,833 63.95 Portfolio Total/Weighted Average845 14,186,423 11,942,030 100.0 %$460,265,740 100.0 %$56.58 $516,973,856 $63.55 

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1.Does not include 33 month-to-month leases.

2.Annualized base rent per square foot for office properties is calculated by multiplying (i) cash base rents under commenced leases excluding tenant reimbursements as of June 30, 2025 by (ii) 12. On a per square foot basis, ABR is divided by square footage under commenced leases as of June 30, 2025. For all expiration years, ABR is calculated as (i) cash base rents at expiration under commenced leases divided by (ii) square footage under commenced leases as of June 30, 2025. The methodology is the same when calculating ABR per square foot either in place or at expiration for uncommenced leases. Rent data is presented without regard to cancellation options. Where applicable, rental rates converted to USD using the foreign currency exchange rate as of June 30, 2025. 

3.Reflects management offices occupied by the Company with various expiration dates.

46

Historical Office Tenant Improvements and Leasing Commissions

The following table summarizes historical information regarding tenant improvement and leasing commission costs for tenants at our office properties: 

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Renewals(1)Number of leases31 33 58 70 Square feet223,100 183,475 438,280 399,031 Tenant improvement costs per