Company: HPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001482512-25-000043
Chunk: 65

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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ables are discussed in the Company’s 2024 Annual Report on Form 10-K. Accounts Receivable As of March 31, 2025, accounts receivable was $11.8 million and there was a $0.3 million allowance for doubtful accounts. As of December 31, 2024, accounts receivable was $15.0 million and there was a $0.5 million allowance for doubtful accounts.Straight-Line Rent ReceivablesAs of March 31, 2025, straight-line rent receivables was $200.1 million and there was no allowance for doubtful accounts. As of December 31, 2024, straight-line rent receivables was $199.7 million and there was no allowance for doubtful accounts.

8. Prepaid Expenses and Other Assets, net    

The following table summarizes the Company’s prepaid expenses and other assets, net as of:March 31, 2025December 31, 2024Non-real estate investments$48,227 $50,373 Deferred tax assets15 8 Interest rate derivative assets3,093 4,325 Prepaid insurance2,030 10,074 Deferred financing costs, net2,567 2,165 Prepaid property tax1,064 2,129 Other28,861 21,040 PREPAID EXPENSES AND OTHER ASSETS, NET$85,857 $90,114 Non-Real Estate InvestmentsThe Company measures its investments in funds that do not have a readily determinable fair value using the Net Asset Value (“NAV”) practical expedient and uses NAV reported without adjustment unless it is aware of information indicating the NAV reported does not accurately reflect the fair value of the investment. Changes in the fair value of these non-real estate investments are included in unrealized loss on non-real estate investments on the Consolidated Statements of Operations. During the three 

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Table of ContentsHudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P.Notes to Unaudited Consolidated Financial Statements(Unaudited, tabular amounts in thousands, except square footage, share and unit data)

months ended March 31, 2025 and 2024, the Company recognized unrealized losses of $0.4 million and $0.9 million, respectively, on its non-real estate investments due to the changes in fair value.

9. Debt

The following table sets forth information with respect to the Company’s outstanding indebtedness