Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 16

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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,051 3,389 87,440 Studio NOI5,389 (5,733)(344)4,956 (6,844)(1,888)NOI$88,199 $(5,541)$82,658 $89,007 $(3,455)$85,552 

51

The following table gives further detail on our change in NOI: 

Three Months Ended September 30, 2025 as compared to Three Months Ended September 30, 2024Same-StoreNon-Same-StoreTotalDollar ChangePercent ChangeDollar ChangePercent ChangeDollar ChangePercent ChangeRevenuesOfficeRental revenues$(6,963)(4.5)%$(7,655)(99.2)%$(14,618)(9.0)%Service and other revenues2,480 65.4 (225)(93.0)2,255 55.9 Total office revenues(4,483)(2.8)(7,880)(99.1)(12,363)(7.4)StudioRental revenues336 3.3 (489)(14.2)(153)(1.1)Service and other revenues(168)(3.7)(1,092)(7.2)(1,260)(6.4)Total studio revenues168 1.1 (1,581)(8.5)(1,413)(4.2)Total revenues(4,315)(2.5)(9,461)(35.5)(13,776)(6.9)Operating expensesOffice operating expenses(3,242)(4.3)(4,683)(102.6)(7,925)(10.0)Studio operating expenses(265)(2.7)(2,692)(10.5)(2,957)(8.4)Total operating expenses(3,507)(4.1)(7,375)(24.5)(10,882)(9.5)Office NOI(1,241)(1.5)(3,197)(94.3)(4,438)(5.1)Studio NOI433 8.7 1,111 (16.2)1,544 (81.8)NOI$(808)(0.9)%$(2,086)60.4 %$(2,894)(3.4)%

NOI decreased $2.9 million, or 3.4%, for the three months ended September 30,