Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 117

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 117
---
ation of real estate entity77,907 — 77,907 — Loss on extinguishment of debt207 — 207 — Other (income) expense(601)28 (629)(2,246.4)Income tax provision24 2,183 (2,159)(98.9)General and administrative13,709 19,544 (5,835)(29.9)Depreciation and amortization94,085 86,672 7,413 8.6 NOI$82,658 $85,552 $(2,894)(3.4)%Same-store NOI$88,199 $89,007 $(808)(0.9)%Non-same-store NOI(5,541)(3,455)(2,086)60.4 NOI$82,658 $85,552 $(2,894)(3.4)%

The following table summarizes certain statistics of our consolidated same-store office and studio properties:

Three Months Ended September 30,20252024Same-store officeNumber of properties3939Rentable square feet11,929,97211,862,465Ending % leased74.7 %79.2 %Ending % occupied74.0 %78.4 %Average % occupied for the period72.8 %77.4 %Average annual rental rate per square foot$57.11 $58.54 Same-store studioNumber of properties33Rentable square feet1,204,6661,204,666Average % leased for the period(1)75.9 %73.8 %

__________________ 

1.Percent leased for same-store studio is the average percent leased for the 12 months ended.

50

The following table gives further detail on our NOI:

Three Months Ended September 30,20252024Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreTotalRevenuesOfficeRental revenues$148,232 $58 $148,290 $155,195 $7,713 $162,908 Service and other revenues6,272 17 6,289 3,792 242 4,034 Total office revenues154,504 75 154,579 158,987 7,955 166,942 StudioRental revenues10,604 2,963 13,567 10,268 3,452