Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 23

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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786 109,915 33,985 76,415 110,400 Total operating expenses244,352 80,918 325,270 249,477 88,676 338,153 Office NOI258,723 1,545 260,268 277,731 12,572 290,303 Studio NOI16,432 (26,892)(10,460)20,397 (16,437)3,960 NOI$275,155 $(25,347)$249,808 $298,128 $(3,865)$294,263 

56

The following table gives further detail on our change in NOI:Nine Months Ended September 30, 2025 as compared to Nine Months Ended September 30, 2024Same-StoreNon-Same-StoreTotalDollar ChangePercent ChangeDollar ChangePercent ChangeDollar ChangePercent ChangeRevenuesOfficeRental revenues$(29,005)(6.0)%$(20,710)(85.5)%$(49,715)(9.8)%Service and other revenues7,728 73.4 (446)(74.5)7,282 65.5 Total office revenues(21,277)(4.3)(21,156)(85.2)(42,433)(8.2)StudioRental revenues(468)(1.5)(185)(1.8)(653)(1.6)Service and other revenues(6,353)(28.0)(7,899)(15.8)(14,252)(19.6)Total studio revenues(6,821)(12.5)(8,084)(13.5)(14,905)(13.0)Total revenues(28,098)(5.1)(29,240)(34.5)(57,338)(9.1)Operating expensesOffice operating expenses(2,269)(1.1)(10,129)(82.6)(12,398)(5.4)Studio operating expenses(2,856)(8.4)2,371 3.1 (485)(0.4)Total operating expenses(5,125)(2.1)(7,758)(8.7)(12,883)(3.8)Office NOI(19,008)(6.8)(11,027)(87.7)(30,035)(10.3)Studio NOI(3,965)(19.4)(10,