Hudson Pacific Properties

Symbol: HPP
Exchange: NYSE
Founded: 2009 (11 years)
HQ: Los Angeles, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office, Diversified

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Overall Score: 7.3

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 17, 2020


Open Price: $36.7
Closing Price: $37.08
Price Change: 0.42 (1.146%)
Lowest Price: $36.6
Highest Price: $37.13

52-Week Low: $30.02
52-Week High: $37.90
52-Week Change: 22.30%

5 Day Price Change: 2.57%
1 Month Price Change: 2.00%
3 Month Price Change: 8.95%
6 Month Price Change: 6.32%
YTD Price Change: -0.89%
1 Year Price Change: 20.91%
2 Year Price Change: 12.14%
5 Year Price Change: 13.92%

Dividend of Trading Day January 17, 2020


Dividend Yield: 2.697%*
Annualized Dividend: $1*
Dividend Yield (TTM): 2.697%
Annualized Dividend (TTM): $1
Ex Dividend Date: 2019-09-19
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day January 17, 2020


Total Cash: $74,366,000
Current Debt: $8,762,000
Revenue: $733,255,000
Gross Profit: $212,992,000
Total Revenue: $733,255,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $407,376,000
Revenue Per Share: $5
Revenue Per Employee: $2,357,733
Employee: 311
Debt to Equity Ratio (D/E): 0.80
Profit Margin: 0.13%
Enterprise Value (EV): $8,434,661,600
Enterprise Value to Revenue (EV/R): 11.50
Price to Sales (P/S): 7.75
Price to Book (P/B): 1.62
Peg Ratio: 0.52
P/E Ratio: 127.12
P/E High: 135.36
P/E Low: 107.07
Forward P/E Ratio: 112.36
Market Capitalization: $5,745,916,800
Beta: 0.60
Latest Volume: 1,659,825.00
Avg. Total Volume: 976,042
Avg. 10 Volume: 1,140,715.80
Avg. 30 Volume: 976,042.07
TTM EPS: 0.29
TTM Dividend Rate: 1.00
Shares Outstanding: 154,960,000
Float: 152,298,562.00
50-Day Moving Avg.: 36.02
200-Day Moving Avg.: 34.63

Latest REIT Community Comments on #HPP


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Properties Owned by HPP


Properties Based on REIT's Official Presentation

Properties Types States Countries
56 3 3 2

Please visit REIT’s official webpage for the most up-to-date property list.

HPP Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by HPP. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 69,339,000 61,547,000 66,071,000 68,191,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 4,894,000 4,842,000 4,274,000 6,175,000
Long-term Investments 207,757,000 210,074,000 154,405,000 160,191,000
Property, Plant & Equipment Net 270,318,000 270,943,000 0 0
Goodwill 8,754,000 8,754,000 8,754,000 8,754,000
Intangible Assets 294,959,000 299,250,000 280,193,000 279,896,000
Other Assets 54,198,000 150,500,000 431,872,000 27,393,000
Net Tangible Assets 2,744,610,000 2,968,255,000 3,025,722,000 3,117,977,000
Total Assets 7,428,294,000 7,486,666,000 7,373,628,000 7,070,879,000
Accounts Payable 0 0 0 0
Liabilities (Other) 360,463,000 341,715,000 593,768,000 289,599,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 962,000 1,892,000 2,811,000 8,762,000
Long-term Debt 3,203,031,000 3,309,548,000 2,912,374,000 2,819,432,000
Total Liabilities 3,564,456,000 3,653,155,000 3,508,953,000 3,117,793,000
Minority Interest 3,773,000 2,836,000 2,036,000 3,052,000
Common Stock 154,414,452 1,543,000 1,543,000 1,543,000
Retained Earnings 0 -31,355,000 -41,189,000 0
Treasury Stock 0 0 0 0
Capital Surplus 3,442,136,000 3,450,155,000 3,485,307,000 3,524,502,000
Shareholder Equity 3,450,767,000 3,431,437,000 3,465,150,000 3,553,361,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 206,904,000 191,283,000 199,600,000 200,250,000
Cost of Revenue 148,486,000 140,379,000 140,739,000 142,353,000
Gross Profit 58,418,000 50,904,000 58,861,000 57,897,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 166,147,000 158,723,000 158,833,000 157,333,000
Operating Income 40,426,000 32,560,000 40,639,000 42,665,000
Income Expense Net (Other) 22,529,000 -19,737,000 -77,534,000 -23,408,000
EBIT 40,426,000 32,560,000 40,639,000 42,665,000
Interest Income 25,240,000 20,926,000 26,251,000 24,707,000
Pretax Income 62,955,000 12,823,000 -36,895,000 19,257,000
Income Tax 0 0 0 0
Minority Interest 3,773,000 2,836,000 2,036,000 3,052,000
Net Income 58,908,000 9,939,000 -39,239,000 16,097,000
Net Income Basic 58,755,000 9,786,000 -39,392,000 15,944,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 58,908,000 9,939,000 -39,239,000 16,097,000
Depreciation 70,703,000 70,570,000 69,441,000 68,457,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 7,792,000 -4,524,000 -2,120,000 4,953,000
Cash Flow 88,174,000 56,270,000 89,446,000 16,746,000
Capital Expenditures 0 0 0 0
Investments 70,146,000 -155,987,000 -90,608,000 -272,150,000
Investing Activity (Other) 0 15,084,000 -35,584,000 0
Total Investing Cash Flows 70,146,000 -140,903,000 -126,192,000 -272,150,000
Dividends Paid -39,285,000 -39,290,000 -40,580,000 -39,097,000
Net Borrowings -109,087,000 121,604,000 83,427,000 355,143,000
Cash Flow Financing -150,528,000 80,109,000 34,626,000 260,357,000
Financing Cash Flows (Other) -2,156,000 -2,205,000 -7,696,000 -5,689,000
Exchange Rate Effect 0 0 0 0

About Hudson Pacific Properties


Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high quality office and state-of-the-art media and entertainment properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value. Founded in 2006 as Hudson Capital, the Company went public in 2010, electing to be taxed as a real estate investment trust. Through the years, Hudson Pacific has strategically assembled a portfolio totaling over 18 million square feet, including land for development, in high growth, high-barrier-to-entry submarkets throughout Northern and Southern California and the Pacific Northwest. The Company is a leading provider of design-forward, next-generation workspaces for a variety of tenants, with a focus on Fortune 500 and leading growth companies, many in the technology, media and entertainment sectors. As a long-term owner, Hudson Pacific prioritizes tenant satisfaction and retention, providing highly customized build-outs and working proactively to accommodate tenants’ growth. Hudson Pacific trades as a component of the Russell 2000® and the Russell 3000® indices.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
9 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
7 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.2
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
10 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
7.3 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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