Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 99

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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$186,617 $200,393 $575,078 $632,416 

38

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)

The table below reconciles net loss to total profit from all segments:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024NET LOSS$(144,086)$(107,013)$(312,124)$(207,925)General and administrative13,709 19,544 59,968 59,959 Depreciation and amortization94,085 86,672 281,921 265,324 Loss from unconsolidated real estate entities744 3,219 2,203 6,443 Fee income(1,082)(1,437)(3,917)(3,933)Interest expense41,726 45,005 133,368 133,253 Interest income(2,212)(542)(4,770)(1,975)Management services reimbursement income—unconsolidated real estate entities(1,084)(989)(3,182)(3,187)Management services expense—unconsolidated real estate entities1,084 989 3,182 3,187 Transaction-related expenses139 269 590 2,306 Unrealized loss on non-real estate investments2,098 1,081 2,335 3,024 Gain on sale of real estate, net— — (10,007)— Impairment loss— 36,543 18,476 36,543 Loss on deconsolidation of real estate entity77,907 — 77,907 — Loss on extinguishment of debt207 — 3,702 — Other (income) expense(601)28 (516)(1,449)Income tax provision24 2,183 672 2,693 TOTAL PROFIT FROM ALL SEGMENTS$82,658 $85,552 $249,808 $294,263 

19. Related Party Transactions

Employment AgreementsThe Company has entered into employment agreements with certain of its executive officers, effective January 1, 2025, that provide for various severance and change in control benefits and