Company: HPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001482512-25-000043
Chunk: 105

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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,359)(1,125)(234)20.8 Interest expense43,505 44,089 (584)(1.3)Interest income(435)(854)419 (49.1)Management services reimbursement income—unconsolidated real estate entities(975)(1,156)181 (15.7)Management services expense—unconsolidated real estate entities975 1,156 (181)(15.7)Transaction-related expenses— 2,150 (2,150)(100.0)Unrealized loss on non-real estate investments449 898 (449)(50.0)Gain on sale of real estate, net(10,023)— (10,023)— Impairment loss18,476 — 18,476 — Loss on extinguishment of debt1,858 — 1,858 — Other income(8)(143)135 (94.4)Income tax provision194 — 194 — General and administrative18,483 19,710 (1,227)(6.2)Depreciation and amortization93,085 91,854 1,231 1.3 NOI$85,201 $103,967 $(18,766)(18.0)%Same-store NOI$92,543 $100,484 $(7,941)(7.9)%Non-same-store NOI(7,342)3,483 (10,825)(310.8)NOI$85,201 $103,967 $(18,766)(18.0)%

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

Three Months Ended March 31,20252024Same-store officeNumber of properties3838Rentable square feet11,159,74711,159,747Ending % leased74.4 %78.4 %Ending % occupied73.3 %77.1 %Average % occupied for the period73.0 %77.5 %Average annual rental rate per square foot$58.50 $58.79 Same-store studioNumber of properties33Rentable square feet1,205,0241,205,024Average % leased for the period(1)73.8 %76.9 %

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

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