Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 124

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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)(22.8)Gain on sale of real estate, net(10,007)— (10,007)— Impairment loss18,476 36,543 (18,067)(49.4)Loss on deconsolidation of real estate entity77,907 — 77,907 — Loss on extinguishment of debt3,702 — 3,702 — Other income(516)(1,449)933 (64.4)Income tax provision672 2,693 (2,021)(75.0)General and administrative59,968 59,959 9 — Depreciation and amortization281,921 265,324 16,597 6.3 NOI$249,808 $294,263 $(44,455)(15.1)%Same-store NOI275,155 298,128 (22,973)(7.7)%Non-same-store NOI(25,347)(3,865)(21,482)555.8 NOI$249,808 $294,263 $(44,455)(15.1)%

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The following table summarizes certain statistics of our same-store office and studio properties:Nine Months Ended September 30,20252024Same-store officeNumber of properties39 39 Rentable square feet11,929,972 11,862,465 Ending % leased74.7 %79.2 %Ending % occupied74.0 %78.4 %Average % occupied for the period73.3 %77.6 %Average annual rental rate per square foot$57.11 $58.54 Same-store studioNumber of properties3 3 Rentable square feet1,204,666 1,204,666 Average % occupied for the period(1)75.9 %73.8 %

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1.Percent occupied for same-store studio is the average percent occupied for the 12 months ended.

The following table gives further detail on our NOI:

Nine Months Ended September 30,20252024Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreTotalRevenuesOfficeRental revenues$453,692 $3,524 $457,216 $482,697 $24,234 $506,931 Service and other revenues18,254 153 18,407 10,526