Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 118

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 118
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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 %

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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 27,520 Total studio revenues15,627 18,542 34,169 20,286 21,675 41,961 Total revenues171,248 18,754 190,002 188,465 29,535 218,000 Operating expensesOffice operating expenses71,127 374 71,501 71,315 3,989 75,304 Studio operating expenses10,587 25,965 36,552 12,580 25,372 37,952 Total operating expenses81,714 26,339 108,053 83,895 29,361 113,256 Office NOI84,494 (162)84,332 96,864 3,871 100,735 Studio NOI5,040 (7,423)(2,383)7,706 (3,697)4,009 NOI$89,534 $(7,585)$81,949 $104