Hudson Pacific Properties, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst John Kim from BMO Capital maintained a Buy rating on the stock and has a $3.50 price target.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
John Kim’s rating is based on a combination of factors that highlight both the strengths and challenges faced by Hudson Pacific Properties. On the positive side, the company reported a core FFO per share for the third quarter of 2025 that exceeded expectations, indicating a stronger financial performance than anticipated. Additionally, there was an improvement in office occupancy rates, and the leasing pipeline expanded, with significant leasing activity including a major lease with an AI company, which brought one of their properties to full occupancy.
However, there are areas of concern that John Kim acknowledges. The company’s cash same-store net operating income (SSNOI) faced challenges, and cash leasing spreads saw a notable decline. Furthermore, there was no leasing progress in some of their development projects, and studio revenue remained lower than expected. Despite these challenges, the positive developments and potential for future growth led John Kim to maintain a Buy rating for Hudson Pacific Properties.