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Hudson Pacific Properties ( (HPP) ) has shared an update.
On May 7, 2026, Hudson Pacific Properties reported first-quarter 2026 results showing continued operational gains despite lower revenue of $181.9 million versus a year earlier, as office asset sales and tenant move-outs weighed on top line. The company executed 554,021 square feet of office leases, lifted in-service office occupancy to 77.8%, pushed Hollywood studio stages to 97% leased, and achieved 100% leasing at the newly opened Sunset Pier 94, underscoring solid demand in its key markets.
Profitability metrics improved, with G&A expenses down 32% year over year to $12.6 million, net loss narrowing to $53.1 million, and FFO rising to $18.0 million, although AFFO turned negative due to higher recurring capital expenditures and lower non-cash adjustments. Backed by $933.3 million of liquidity and a fully fixed or capped debt stack with no maturities until the third quarter of 2026, Hudson Pacific raised its full-year 2026 Core FFO outlook to $1.10–$1.18 per diluted share, reflecting first-quarter outperformance and the reclassification of certain Quixote operations as discontinued, signaling increased confidence in its earnings trajectory.
The most recent analyst rating on (HPP) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Hudson Pacific Properties stock, see the HPP Stock Forecast page.
Spark’s Take on HPP Stock
According to Spark, TipRanks’ AI Analyst, HPP is a Neutral.
The score is held back primarily by weak recent profitability despite improved leverage and steady cash generation. Support comes from constructive 2026 guidance and liquidity/cost actions, plus improving technical momentum, while valuation is less supportive due to negative earnings and no dividend yield data.
To see Spark’s full report on HPP stock, click here.
More about Hudson Pacific Properties
Hudson Pacific Properties, Inc. is a real estate investment trust focused on West Coast office and studio properties, including Hollywood production stages and assets such as Sunset Pier 94 in Manhattan. The company targets technology, media and entertainment tenants, positioning its portfolio to benefit from AI-driven demand and improving West Coast office fundamentals.
Average Trading Volume: 1,391,439
Technical Sentiment Signal: Sell
Current Market Cap: $584.1M
See more insights into HPP stock on TipRanks’ Stock Analysis page.