Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 90

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 in the operating partnership on the Consolidated Balance Sheets. 

15. Earnings Per Share

Hudson Pacific Properties, Inc.The Company calculates basic earnings per share using the two-class method by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. Unvested time-based restricted stock awards, unvested time-based performance unit awards and unvested restricted stock units (“RSUs”) that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Company calculates diluted earnings per share using the two-class method or the treasury stock and if-converted method, whichever results in more dilution. For the three and six months ended June 30, 2025 and 2024, both methods of calculation yielded the same diluted earnings per share amount. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower earnings per share amount.The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share to net loss available to common stockholders:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Numerator:Basic and diluted net loss available to common stockholders$(83,149)$(47,027)$(157,857)$(99,229)Denominator:Basic weighted average common shares outstanding(1)202,666,003 141,181,450 172,195,534 141,151,893 Effect of dilutive instruments(2)— — — — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING202,666,003 141,181,450 172,195,534 141,151,893 Basic earnings per common share$(0.41)$(0.33)$(0.92)$(0.70)Diluted earnings per common share$(0.41)$(0.33)$(0.92)$(0.70)    __________________ 1.Basic weighted average common shares outstanding includes common shares issuable upon the exercise of pre-funded warrants in the amounts of 14,214,777 and 7,146,656 for the three and six months ended June 30, 2025, respectively. The warrants are exercisable at any