Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 210

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 210
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 revenues14,023 633 14,656 14,704 576 15,280 Total office revenues622,312 69,964 692,276 675,310 137,065 812,375 StudioRental revenues41,733 12,164 53,897 48,422 10,854 59,276 Service and other revenues28,440 67,469 95,909 21,981 58,665 80,646 Total studio revenues70,173 79,633 149,806 70,403 69,519 139,922 Total revenues692,485 149,597 842,082 745,713 206,584 952,297 OPERATING EXPENSESOffice operating expenses269,366 36,283 305,649 265,606 46,412 312,018 Studio operating expenses45,437 102,993 148,430 41,160 97,287 138,447 Total operating expenses314,803 139,276 454,079 306,766 143,699 450,465 Office NOI352,946 33,681 386,627 409,704 90,653 500,357 Studio NOI24,736 (23,360)1,376 29,243 (27,768)1,475 NOI$377,682 $10,321 $388,003 $438,947 $62,885 $501,832 

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The following table gives further detail on our change in consolidated NOI (in thousands, except percentage change):Year Ended December 31, 2024 as compared to the Year Ended December 31, 2023Same-storeNon-same-storeTotalDollar changePercentage changeDollar changePercentage changeDollar changePercentage changeREVENUESOfficeRental revenues$(52,317)(7.9)%$(67,158)(49.2)%$(119,475)(15.0)%Service and other revenues(681)(4.6)57 9.9 (624)(4.1)Total office revenues(52,998)(7.8)(67,101)(49.0)(120,099)(14.8)StudioRental revenues(6,689)(13.8)1,310 12.1 (5,379)(9.1)