Company: HPP
Filing Date: 2025-07-15
Form Type: S-3
Source: 0001193125-25-159399
Chunk: 74

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-07-15
Form: S-3
Chunk 74
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 the REIT distribution requirements. See
“—Taxation of Our Company—General—Requirements for Qualification as a REIT” and “—Annual Distribution Requirements.”

Any property acquired by our operating partnership in a taxable transaction will initially have a tax basis equal to its fair market value,
and Section 704(c) of the Code generally will not apply.

Partnership Audit Rules. Under current U.S. federal income tax law, subject to
certain exceptions, any audit adjustment to items of income, gain, loss, deduction, or credit of a partnership (and any partner’s distributive share thereof) is determined, and taxes, interest, or penalties attributable thereto are assessed and
collected, at the partnership level. It is possible that these rules could result in partnerships in which we directly or indirectly invest, including our operating partnership, being required to pay additional taxes, interest and penalties as a
result of an audit adjustment, and we, as a direct or indirect partner of these partnerships, could be required to

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bear the economic burden of those taxes, interest, and penalties even though we, as a REIT, may not otherwise have been required to pay additional corporate-level taxes as a result of the related audit adjustment. Investors are urged to consult their tax advisors with respect to these rules and their potential impact on their investment in our common stock. Material U.S. Federal Income Tax Consequences to Holders of Our Common Stock The following discussion is a summary of certain material U.S. federal income tax consequences to you of purchasing, owning and disposing of our common stock. This discussion is limited to holders who hold our common stock as a “capital asset” within the meaning of Section 1221 of the Code (generally, property held for investment). This discussion does not address all U.S. federal income tax consequences relevant to a holder’s particular circumstances, including the alternative minimum tax. In addition, except where specifically noted, it does not address consequences relevant to holders subject to special rules, including, without limitation:

| • |     | U.S. expatriates and former citizens or long-term residents of the United States; |

| • |     | U.S. holders (as defined below) whose functional currency is not the U.S. dollar; |

| • |     | persons holding our common stock as part of a hedge, straddle or other risk reduction strategy or as part of a 
 conversion transaction or other integrated investment;                                                         |

| • |     | banks, insurance companies, and