Hudson Pacific reports Q3 AFFO 3c, consensus 2c

Reports Q3 revenue $186.6M, consensus $187.08M. Victor Coleman, Hudson Pacific’s (HPP) CEO and chairman, commented, “We delivered another quarter of strong operational execution, highlighted by over 500,000 square feet of office leasing and our best year-to-date leasing performance since 2019. We also achieved positive absorption within our office portfolio during the quarter, marking a clear inflection point. The momentum is building across our West Coast markets, driven by AI and technology companies and 80% of our leasing activity was in the San Francisco Bay Area.”