Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 117

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 includes:

•Stabilized non-same-store properties

•Lease-up properties

•Repositioning properties 

•Development properties

•Redevelopment properties

•Held for sale properties

•Operating results from studio service-related businesses

48

The following table reconciles net loss to NOI:

Three Months Ended June 30,Dollar ChangePercent Change20252024Net loss$(87,760)$(47,557)$(40,203)84.5 %Adjustments:Loss from unconsolidated real estate entities205 2,481 (2,276)(91.7)Fee income(1,476)(1,371)(105)7.7 Interest expense48,137 44,159 3,978 9.0 Interest income(2,123)(579)(1,544)266.7 Management services reimbursement income—unconsolidated real estate entities(1,123)(1,042)(81)7.8 Management services expense—unconsolidated real estate entities1,123 1,042 81 7.8 Transaction-related expenses451 (113)564 (499.1)Unrealized (gain) loss on non-real estate investments(212)1,045 (1,257)(120.3)Loss on sale of real estate, net16 — 16 — Loss on extinguishment of debt1,637 — 1,637 — Other expense (income)93 (1,334)1,427 (107.0)Income tax provision454 510 (56)(11.0)General and administrative27,776 20,705 7,071 34.2 Depreciation and amortization94,751 86,798 7,953 9.2 NOI$81,949 $104,744 $(22,795)(21.8)%Same-store NOI$89,534 $104,570 $(15,036)(14.4)%Non-same-store NOI(7,585)174 (7,759)(4,459.2)NOI$81,949 $104,744 $(22,795)(21.8)%

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

Three Months Ended June 30,20252024Same-store officeNumber of properties3939Rentable square feet11,895,