Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 91

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 The operating partnership calculates diluted earnings per unit using the two-class method or the treasury stock and if-converted method, whichever results in more dilution. For the three and nine months ended September 30, 2025 and 2024, both methods of calculation yielded the same diluted earnings per unit amount. Diluted earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into common units, where such exercise or conversion would result in a lower earnings per unit amount.The following table reconciles the numerator and denominator in computing the operating partnership’s basic and diluted earnings per unit to net loss available to common unitholders:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Numerator:Basic and diluted net loss available to common unitholders$(138,246)$(100,468)$(300,706)$(202,151)Denominator:Basic weighted average common units outstanding(1)455,973,263 144,910,188 271,155,132 144,753,121 Effect of dilutive instruments(2)— — — — DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING455,973,263 144,910,188 271,155,132 144,753,121 Basic earnings per common unit$(0.30)$(0.69)$(1.11)$(1.40)Diluted earnings per common unit$(0.30)$(0.69)$(1.11)$(1.40)__________________ 1.Basic weighted average common units outstanding includes common units issuable upon the exercise of pre-funded warrants in the amounts of 71,823,715 and 28,942,588 for the three and nine months ended September 30, 2025, respectively. The warrants are exercisable at any time for nominal consideration.2.The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market or performance criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.

16. Redeemable Non-controlling Interest

Redeemable Preferred Units of the Operating Partnership As of September 30, 2025 and December 31, 2024, there were 111,777 and 392,