Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 209

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 209
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(10,000)10,000 (100.0)Loss on sale of bonds— 34,046 (34,046)(100.0)Loss (gain) on sale of real estate2,453 (103,202)105,655 (102.4)Impairment loss149,664 60,158 89,506 148.8 Other (income) expense(1,647)6 (1,653)(27,550.0)Income tax provision1,641 6,796 (5,155)(75.9)General and administrative79,451 74,958 4,493 6.0 Depreciation and amortization354,425 397,846 (43,421)(10.9)NOI$388,003 $501,832 $(113,829)(22.7)%Same-store NOI$377,682 $438,947 $(61,265)(14.0)%Non-same-store NOI10,321 62,885 (52,564)(83.6)NOI$388,003 $501,832 $(113,829)(22.7)%

The following table summarizes certain statistics of our consolidated same-store office and studio properties:Year Ended December 31,20242023Same-store officeNumber of properties38 38 Rentable square feet11,257,19511,257,195Ending % leased77.0 %79.9 %Ending % occupied76.5 %78.9 %Average % occupied for the period76.9 %82.9 %Average annual rental rate per square foot$58.31 $58.51 Same-store studioNumber of properties3 3 Rentable square feet1,211,1681,211,168Average % leased over period(1)73.8 %80.4 %

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1.Percent leased for same-store studio is the average percent leased for the 12 months ended December 31, 2024.

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The following table gives further detail on our consolidated NOI (in thousands):Year Ended December 31,20242023Same-storeNon-same-storeTotalSame-storeNon-same-storeTotalREVENUESOfficeRental revenues$608,289 $69,331 $677,620 $660,606 $136,489 $797,095 Service and other