Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 112

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 112
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 and a reconciliation of net loss to FFO, excluding specified items (in thousands, except per share amounts):

| ​ 
 ​ | ​                                                                                   
 ​                                                                                   | ​ 
 ​ | ​ 
 ​ | YEAR ENDED DECEMBER 31, 
 2024                    |   |          |   | ​ | ​ | 2023 |   |          |   | ​ 
 ​ |
|:--|:------------------------------------------------------------------------------------|:--|:--|:------------------------|:--|---------:|:--|:--|:--|:-----|:--|---------:|:--|:--|
| ​ | Net loss                                                                            | ​ | ​ | ​                       | $ | -381,406 | ​ | ​ | ​ | ​    | $ | -170,700 | ​ | ​ |
| ​ | Adjustments:                                                                        | ​ | ​ | ​                       | ​ |        ​ | ​ | ​ | ​ | ​    | ​ |        ​ | ​ | ​ |
| ​ | Depreciation and amortization—consolidated                                          | ​ | ​ | ​                       | ​ |  354,425 | ​ | ​ | ​ | ​    | ​ |  397,846 | ​ | ​ |
| ​ | Depreciation and amortization—non-real estate assets                                | ​ | ​ | ​                       | ​ |  -34,716 | ​ | ​ | ​ | ​    | ​ |  -33,389 | ​ | ​ |
| ​ | Depreciation and amortization—HPP’s share from unconsolidated real estate entities  | ​ | ​ | ​                       | ​ |    5,630 | ​ | ​ | ​ | ​    | ​ |    4,779 | ​ | ​ |
| ​ | Loss (gain) on sale of real estate                                                  | ​ | ​ | ​                       | ​ |    2,453 | ​ | ​ | ​ | ​    | ​ | -103,202 | ​ | ​ |
| ​ | Loss on sale of bonds                                                               | ​ | ​ | ​                       | ​ |        — | ​ | ​ | ​ | ​    | ​ |   34,046 | ​ | ​ |
| ​ | Impairment loss—real estate assets                                                  | ​ | ​ | ​                       | ​ |   42,049 | ​ | ​ | ​ | ​    | ​ |   60,158 | ​ | ​ |