Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 124

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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,496)(339)13.6 Interest expense91,642 88,248 3,394 3.8 Interest income(2,558)(1,433)(1,125)78.5 Management services reimbursement income—unconsolidated real estate entities(2,098)(2,198)100 (4.5)Management services expense—unconsolidated real estate entities2,098 2,198 (100)(4.5)Transaction-related expenses451 2,037 (1,586)(77.9)Unrealized loss on non-real estate investments237 1,943 (1,706)(87.8)Gain on sale of real estate, net(10,007)— (10,007)— Impairment loss18,476 — 18,476 — Loss on extinguishment of debt3,495 — 3,495 — Other expense (income)85 (1,477)1,562 (105.8)Income tax provision648 510 138 27.1 General and administrative46,259 40,415 5,844 14.5 Depreciation and amortization187,836 178,652 9,184 5.1 NOI$167,150 $208,711 $(41,561)(19.9)%Same-store NOI186,955 209,120 (22,165)(10.6)%Non-same-store NOI(19,805)(409)(19,396)4,742.3 NOI$167,150 $208,711 $(41,561)(19.9)%

The following table summarizes certain statistics of our same-store office and studio properties:Six Months Ended June 30,20252024Same-store officeNumber of properties39 39 Rentable square feet11,895,989 11,895,989 Ending % leased74.1 %78.9 %Ending % occupied73.4 %77.5 %Average % occupied for the period74.2 %77.7 %Average annual rental rate per square foot$58.08 $58.94 Same-store studioNumber of properties3 3 Rentable square feet1,205,024 1,205,024 Average % occupied for the period(1)74.3 %76.1 %

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