Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 162

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 162
---
 December 31, 2024, divided by (ii) total square feet, expressed as a percentage.

31

3.Calculated as (i) square footage under commenced and uncommenced leases as of December 31, 2024, divided by (ii) total square feet, expressed as a percentage.

4.Presented on an annualized basis and is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements or deferments)) under commenced leases as of December 31, 2024, by (ii) 12. Annualized base rent does not reflect tenant reimbursements. 

5.Calculated as (i) annualized base rent divided by (ii) square footage under commenced leases as of December 31, 2024. Annualized base rent does not reflect tenant reimbursements.

6.We own 51% of the ownership interest in the consolidated joint venture that owns ICON, EPIC, Harlow, 6040 Sunset and CUE. 

7.We own 55% of the ownership interest in the consolidated joint ventures that own Ferry Building, 1918 Eighth and Hill7.

8.We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. Annualized base rent and rental rates have been converted from CAD to USD using the foreign currency exchange rate as of December 31, 2024.

Office Tenant Diversification

The following table provides information regarding the 15 largest tenants in our office portfolio based on HPP’s share of annualized base rent as of December 31, 2024:Tenant# of PropertiesLease ExpirationTotal Occupied Square FeetHPP’s ShareAnnualized Base Rent(1)Percent of Annualized Base Rent1Google, Inc.42025-2029640,726 (2)$53,520,411 10.6 %2Netflix, Inc.32031722,305 (3)26,275,874 5.2 3Amazon22030-2031850,964 (4)24,114,735 4.8 4Riot Games, Inc.12030284,037 19,520,478 3.9 5Uber Technologies, Inc.12025325,445 19,169,077 3.8 6Salesforce.com12025-2028265,394 (5)15,339,075 3.0 7