Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 15

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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$85,552 $(2,894)(3.4)%

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

Three Months Ended September 30,20252024Same-store officeNumber of properties3939Rentable square feet11,929,97211,862,465Ending % leased74.7 %79.2 %Ending % occupied74.0 %78.4 %Average % occupied for the period72.8 %77.4 %Average annual rental rate per square foot$57.11 $58.54 Same-store studioNumber of properties33Rentable square feet1,204,6661,204,666Average % leased for the period(1)75.9 %73.8 %

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

50

The following table gives further detail on our NOI:

Three Months Ended September 30,20252024Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreTotalRevenuesOfficeRental revenues$148,232 $58 $148,290 $155,195 $7,713 $162,908 Service and other revenues6,272 17 6,289 3,792 242 4,034 Total office revenues154,504 75 154,579 158,987 7,955 166,942 StudioRental revenues10,604 2,963 13,567 10,268 3,452 13,720 Service and other revenues4,333 14,138 18,471 4,501 15,230 19,731 Total studio revenues14,937 17,101 32,038 14,769 18,682 33,451 Total revenues169,441 17,176 186,617 173,756 26,637 200,393 Operating expensesOffice operating expenses71,694 (117)71,577 74,936 4,566 79,502 Studio operating expenses9,548 22,834 32,382 9,813 25,526 35,339 Total operating expenses81,242 22,717 103,959 84,749 30,092 114,841 Office NOI82,810 192 83,002 84