Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 134

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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30, 2025 to the six months ended June 30, 2024 is as follows (in thousands, except percentage change):

Six Months Ended June 30,20252024Dollar ChangePercent ChangeNet cash provided by operating activities$28,496 $100,750 $(72,254)(71.7)%Net cash used in investing activities$(8,078)$(121,030)$112,952 (93.3)%Net cash provided by financing activities$147,532 $1,064 $146,468 13,765.8 %

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Cash and cash equivalents and restricted cash were $267.1 million and $99.2 million at June 30, 2025 and December 31, 2024, respectively.

Operating Activities 

Net cash provided by operating activities decreased by $72.3 million, or 71.7%, to $28.5 million for the six months ended June 30, 2025 compared to $100.8 million for the six months ended June 30, 2024. The decrease primarily resulted from the dispositions of our Foothill Research, Maxwell and 625 Second properties in 2025 and our 3176 Porter property in the fourth quarter of 2024, lease terminations at our 1455 Market, Concourse and 901 Market properties, lower production activity at Quixote and one-time lease termination fees paid to exit several operating leases at Quixote.

Investing Activities  

Net cash used in investing activities decreased by $113.0 million, or 93.3%, to $8.1 million for the six months ended June 30, 2025 compared to $121.0 million for the six months ended June 30, 2024. The decrease primarily resulted from $88.3 million of proceeds from sales of real estate, a $21.2 million decrease in contributions to unconsolidated entities and a $12.6 million decrease in additions to investment in real estate during the six months ended June 30, 2025. The decrease was partially offset by the $8.8 million effect of consolidating a previously unconsolidated entity during the six months ended June 30, 2024.

Financing Activities

Net cash provided by financing activities increased by $146.5 million, or 13,765.8%, to $147.5 million for the six months ended June 30, 2025 compared to $