Hudson Pacific sees Q4 FFO at 15c-25c per share, consensus 21c

Hudson Pacific (HPP) Properties “updated its FFO outlook for Q4 to a range of $0.15 to $0.25 per diluted share, excluding the specified items described below, along with updated full-year assumptions. Fourth quarter FFO outlook assumes fully diluted weighted average common stock/units of 65.3 million. The revised estimates reflect the 1-for-7 reverse stock split of the Company’s common stock, par value of $0.01 per share, effective December 1, 2025, as well as the sale of its Element LA office campus, which closed on December 4, 2025, with net proceeds used to repay $206.3 million of the CMBS loan secured by that property. Specified items include $81.0 million of early lease termination revenue, partially offset by $11.7 million write-off of straight-line rent receivable and $3.3 million of loss on early extinguishment of debt, all associated with the Element LA office campus transaction.”