Company: HPP
Filing Date: 2025-02-26
Form Type: POS AM
Source: 0001193125-25-035303
Chunk: 79

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-26
Form: POS AM
Chunk 79
---
 below, but 
 have otherwise maintained our qualification as a REIT because certain other requirements                      |

58

| are met, we will be required to pay a tax equal to (1) the greater of (A) the amount by which we fail to satisfy the 75% gross income test and (B) the amount by which we fail to 
 satisfy the 95% gross income test, multiplied by (2) a fraction intended to reflect our profitability.                                                                            |

| • |     | Fifth, if we fail to satisfy any of the asset tests (other than a de minimis failure of the 5% or 10%                                                                                                                                                     
 asset test), as described below, due to reasonable cause and not due to willful neglect, and we nonetheless maintain our REIT qualification because of specified cure provisions, we will be required to pay a tax equal to the greater of $50,000 or the 
 U.S. federal corporate income tax rate multiplied by the net income generated by the nonqualifying assets that caused us to fail such test.                                                                                                               |

| • |     | Sixth, if we fail to satisfy any provision of the Code that would result in our failure to qualify as a REIT                                                                                                                                              
 (other than a violation of the gross income tests or certain violations of the asset tests, as described below) and the violation is due to reasonable cause and not due to willful neglect, we may retain our REIT qualification but we will be required 
 to pay a penalty of $50,000 for each such failure.                                                                                                                                                                                                        |

| • |     | Seventh, we will be required to pay a 4% excise tax to the extent we fail to distribute during each calendar year                                                                  
 at least the sum of (1) 85% of our ordinary income for the year, (2) 95% of our capital gain net income for the year, and (3) any undistributed taxable income from prior periods. |

| • |     | Eighth, if we acquire any asset from a corporation that is or has been a C corporation in a transaction in which                                                                                                                                         
 our tax basis in the asset is less than the fair market value of the asset, in each case determined as of the date on which we acquired the asset, and we subsequently recognize gain on the disposition of the asset during the five-year period        
 beginning on the date on which we acquired the asset, then we generally will be required to pay regular U.S. federal corporate income tax on this gain to the extent of the excess of