Company: HPP
Filing Date: 2025-07-15
Form Type: S-3
Source: 0001193125-25-159399
Chunk: 85

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-07-15
Form: S-3
Chunk 85
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 or USRPHC, will constitute a USRPI. We believe that we are a USRPHC. Our common stock will not, however, constitute a USRPI so long as we are a “domestically controlled qualified investment entity.” A “domestically controlled qualified investment entity” includes a REIT in which at all times during a five-year testing period less than 50% in value of its stock is held directly or indirectly by non-UnitedStates persons, subject to certain ownership rules. For purposes of determining whether a REIT is a “domestically controlled qualified investment entity,” ownership by non-UnitedStates persons generally will be determined by looking through certain pass-through entities and U.S. corporations, including non-publicREITs and certain non-publicforeign-controlled domestic C corporations, and treating a public qualified investment entity as a non-UnitedStates person unless such entity is a “domestically controlled qualified investment entity.” Notwithstanding the foregoing ownership rules, a person who at all applicable times holds less than 5% of a class 53

of a REIT’s stock that is “regularly traded” on an established securities market in the United States is treated as a United States person unless the REIT has actual knowledge that such person is not a United States person or is a foreign-controlled person. We believe, but cannot guarantee, that we are a “domestically controlled qualified investment entity.” Because our common stock is (and, we anticipate, will continue to be) publicly traded, no assurance can be given that we will continue to be a “domestically controlled qualified investment entity.” Even if we do not qualify as a “domestically controlled qualified investment entity” at the time a non-U.S.holder sells our common stock, gain realized from the sale or other taxable disposition by a non-U.S.holder of such stock would not be subject to U.S. federal income tax under FIRPTA as a sale of a USRPI if:

| (1) | our common stock is “regularly traded,” as defined by applicable Treasury Regulations, on an 
 established securities market such as the NYSE; and                                          |

| (2) | such non-U.S. holder owned, actually and constructively, 10% or less of                                                                                              
 our common stock throughout the shorter of the five-year period ending on the date of the sale or other taxable disposition or the non-U.S. holder’s holding period. |

In addition, dispositions of our common stock by qualified