Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 22

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 22
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 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 10,526 599 11,125 Total office revenues471,946 3,677 475,623 493,223 24,833 518,056 StudioRental revenues31,209 9,899 41,108 31,677 10,084 41,761 Service and other revenues16,352 41,995 58,347 22,705 49,894 72,599 Total studio revenues47,561 51,894 99,455 54,382 59,978 114,360 Total revenues519,507 55,571 575,078 547,605 84,811 632,416 Operating expensesOffice operating expenses213,223 2,132 215,355 215,492 12,261 227,753 Studio operating expenses31,129 78,