Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 125

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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1.Percent occupied for same-store studio is the average percent occupied for the 12 months ended.

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The following table gives further detail on our NOI:

Six Months Ended June 30,20252024Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreTotalRevenuesOfficeRental revenues$305,460 $3,466 $308,926 $327,502 $16,521 $344,023 Service and other revenues11,981 137 12,118 6,734 357 7,091 Total office revenues317,441 3,603 321,044 334,236 16,878 351,114 StudioRental revenues20,606 6,935 27,541 21,408 6,633 28,041 Service and other revenues12,019 27,857 39,876 18,204 34,664 52,868 Total studio revenues32,625 34,792 67,417 39,612 41,297 80,909 Total revenues350,066 38,395 388,461 373,848 58,175 432,023 Operating expensesOffice operating expenses141,529 2,249 143,778 140,556 7,695 148,251 Studio operating expenses21,582 55,951 77,533 24,172 50,889 75,061 Total operating expenses163,111 58,200 221,311 164,728 58,584 223,312 Office NOI175,912 1,354 177,266 193,680 9,183 202,863 Studio NOI11,043 (21,159)(10,116)15,440 (9,592)5,848 NOI$186,955 $(19,805)$167,150 $209,120 $(409)$208,711 

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The following table gives further detail on our change in NOI:Six Months Ended June 30, 2025 as compared to Six Months Ended June 30, 2024Same-StoreNon-Same-StoreTotalDollar ChangePercent ChangeDollar ChangePercent ChangeDollar ChangePercent ChangeRevenuesOfficeRental revenues$(22,042)(6.7)%$(13,055)(79.0)%$(35,097