Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 16

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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 27,520 Total studio revenues15,627 18,542 34,169 20,286 21,675 41,961 Total revenues171,248 18,754 190,002 188,465 29,535 218,000 Operating expensesOffice operating expenses71,127 374 71,501 71,315 3,989 75,304 Studio operating expenses10,587 25,965 36,552 12,580 25,372 37,952 Total operating expenses81,714 26,339 108,053 83,895 29,361 113,256 Office NOI84,494 (162)84,332 96,864 3,871 100,735 Studio NOI5,040 (7,423)(2,383)7,706 (3,697)4,009 NOI$89,534 $(7,585)$81,949 $104,570 $174 $104,744 

50

The following table gives further detail on our change in NOI: 

Three Months Ended June 30, 2025 as compared to Three Months Ended June 30, 2024Same-StoreNon-Same-StoreTotalDollar ChangePercent ChangeDollar ChangePercent ChangeDollar ChangePercent ChangeRevenuesOfficeRental revenues$(14,546)(8.8)%$(7,517)(98.0)%$(22,063)(12.8)%Service and other revenues1,988 61.2 (131)(67.9)1,857 53.9 Total office revenues(12,558)(7.5)(7,648)(97.3)(20,206)(11.5)StudioRental revenues(408)(3.8)(144)(3.8)(552)(3.8)Service and other revenues(4,251)(44.1)(2,989)(16.7)(7,240)(26.3)Total studio revenues(4,659)(23.0)(3,133)(14.5)(7,792)(18.6)Total revenues(17,217)(9.1)(10,781)(36.5)(27,998)(12.8)Operating expensesOffice operating expenses(188)(0.3)(3,615)(90.6)(3,803)(5.1)Studio operating expenses(1