Company: HPP
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001193125-25-140284
Chunk: 24

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-06-13
Form: 424B5
Chunk 24
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 other restrictive covenants in our debt instruments, which, among                                                                                                                                           
 other things, may require us to maintain specified financial ratios and may limit our ability to incur additional indebtedness or sell assets, could result in an event of default that, if not cured or waived, could have a material adverse effect on 
 our business or prospects.                                                                                                                                                                                                                               |

Our ability to meet our payment obligations under our debt instruments depends on our ability to generate significant cash flows or obtain external financing in the future. In each case, our ability to meet these obligations is subject to market, economic, financial and competitive factors, as well as other factors that are beyond our control. There can be no assurance that our business will generate cash flow from operations, or that additional capital will be available to us, in amounts sufficient to enable us to meet our debt payment obligations and to fund other liquidity needs. If we are unable to generate sufficient cash flow or obtain capital when needed, we may be required to refinance or restructure our existing indebtedness, sell assets, reduce or delay capital investments, or seek to raise additional capital on unfavorable terms, if at all. If we are unable to implement one or more of these alternatives, we may be unable to meet our debt payment obligations, which could have a material adverse effect on our business, results of operations, or financial condition. S-15

The continued weakness in west coast office and studio real estate markets may persist for an extended period and any anticipated recovery may fail to materialize, which could materially adversely affect our financial condition, results of operations, cash flow and the per share trading price of our common stock, and therefore the value of the shares underlying the Pre-FundedWarrants. We derive a substantial portion of our revenue from office and studio properties located in markets that have experienced significant weakness and may continue to face prolonged challenging conditions. The west coast office and studio real estate markets have been adversely impacted by various factors, including changes in workplace patterns, reduced demand for office space, production delays and cancellations in the entertainment industry, and broader economic uncertainties affecting our key markets. While we anticipate that market conditions may eventually improve, any recovery in these markets may be delayed, incomplete or may fail to materialize entirely. The persistence of current adverse market conditions or the failure of anticipated recovery in our west coast office and studio businesses could be caused by a variety of factors, including:

| • |     | continued adoption of remote and hybrid work arrangements by office tenants, resulting in permanently reduced 
 demand for office space;