Company: HPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001482512-25-000043
Chunk: 82

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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2024$2,785 $(11,202)$(8,417)Unrealized (loss) gain recognized in AOCI(907)3,306 2,399 Reclassification from AOCI into income(1)(1,056)— (1,056)Net change in AOCI(1,963)3,306 1,343 BALANCE AT MARCH 31, 2025$822 $(7,896)$(7,074)__________________ 1.The gains and losses on the Company’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statement of Operations.The table below presents the activity related to Hudson Pacific Properties, L.P.’s AOCI:Derivative InstrumentsCurrency Translation AdjustmentsTotal Accumulated Other Comprehensive LossBALANCE AT DECEMBER 31, 2024$2,889 $(11,602)$(8,713)Unrealized (loss) gain recognized in AOCI(972)3,539 2,567 Reclassification from AOCI into income(1)(1,130)— (1,130)Net change in AOCI(2,102)3,539 1,437 BALANCE AT MARCH 31, 2025$787 $(8,063)$(7,276)__________________ 1.The gains and losses on the operating partnership’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statement of Operations.Non-controlling InterestsCommon Units in the Operating PartnershipCommon units of the operating partnership and shares of common stock of the Company have essentially the same economic characteristics, as they share equally in the total net income or loss distributions of the operating partnership. Investors who own common units have the right to cause the operating partnership to repurchase any or all of their common units for cash at a value equal to the then-current market value of one share of common stock. However, in lieu of such payment of cash, the Company may, at its election, issue shares of its common stock in exchange for such common units on a one-for-one basis.Performance Units in the Operating PartnershipPerformance units are partnership interests in the operating partnership. Each performance unit awarded will be deemed equivalent to an award of one share of common stock under the 2010 Plan, reducing the availability for other equity awards on a one-for-one basis. Under the terms of the performance units, the operating partnership will revalue its assets for tax purposes upon the occurrence of certain specified