Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 70

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 the notes to the financial statements on an interim and annual basis. The amendments are effective for the Company’s annual reporting periods beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements.

3. Investment in Real Estate

The following table summarizes the Company’s investment in real estate, at cost as of:June 30, 2025December 31, 2024Land$1,225,230 $1,235,974 Building and improvements6,201,663 6,101,787 Tenant improvements727,451 728,186 Furniture and fixtures5,842 5,895 Property under development51,292 161,444 INVESTMENT IN REAL ESTATE, AT COST$8,211,478 $8,233,286 Acquisitions of Real EstateThe Company had no acquisitions of real estate during the six months ended June 30, 2025.

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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)

Dispositions of Real EstateThe following table summarizes information on dispositions completed during the six months ended June 30, 2025. These properties were considered non-strategic to the Company’s portfolio:PropertySegmentDate of Disposition Square Feet (unaudited)Sales Price(1) (in millions)(Loss) Gain on Sale(2) (in millions)MaxwellOffice1/22/2025102,963 $46.0 $(2.2)Foothill Research CenterOffice3/4/2025195,121 $23.0 $12.2 625 SecondOffice5/30/2025138,354 $28.0 $— __________________ 1.Represents gross sales price before certain credits, prorations and closing costs.2.Included within (loss) gain on sale of real estate, net on the Consolidated Statements of Operations.The Company had no dispositions of real estate during the six months ended June 30, 2024.Impairment of Long-Lived AssetsDuring the six months ended June 30,