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Hudson Pacific Properties (HPP)
NYSE:HPP
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.42Last Year’s EPS
-0.33Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -0.44%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant achievements in leasing activity and venture investment, particularly in the AI sector, along with successful asset sales. However, these positives were offset by declines in revenue and FFO, challenges in the Los Angeles market, and increased interest expenses. Despite notable achievements, the financial pressures and market challenges indicate a balanced outlook.Company Guidance
During Hudson Pacific Properties' First Quarter 2025 Earnings Conference Call, the company provided detailed guidance reflecting both challenges and opportunities in their portfolio. The firm observed a notable increase in venture investing, with deal value reaching $92 billion in Q1, marking a 92% rise above the 10-year average, particularly benefiting the Bay Area with $59 billion in funding. The AI sector was a significant focus, receiving 70% of this funding and facilitating over 0.5 million square feet of AI office leasing in San Francisco. Despite challenges in Los Angeles, the local portfolio remains 97% leased. The studio side saw average shows in production in the mid-80s, with a strong leasing pipeline. Hudson Pacific's financial outlook includes anticipated second-quarter FFO ranging from $0.03 to $0.07 per diluted share, with adjustments accounting for interest expenses and G&A savings. The company also highlighted ongoing efforts to enhance liquidity, having generated $97 million from asset sales in Q1 and planning an additional $125 million to $150 million in dispositions.Strong Venture Investment
Venture investing in the first quarter set a new high watermark with deal value more than doubling year-over-year to $92 billion, 92% above the 10-year average. The Bay Area received nearly 70% of the funding, totaling $59 billion.
Leasing Activity Increase
Signed 630,000 square feet of new and renewal leases in the first quarter, the highest quarterly leasing activity since Q2 2022. New leasing accounted for 66% of activity.
AI Leasing Surge
AI office leasing totaled over 0.5 million square feet in San Francisco alone in the first quarter, up significantly year-over-year.
Positive Net Absorption in San Francisco
San Francisco marked the second straight quarter of positive net absorption with gross leasing just under 3 million square feet.
Record Visitors at Ferry Building
Welcomed 2.5 million visitors to the Ferry Building in the first quarter, a 23% year-over-year increase.
High Leasing Occupancy in Los Angeles Portfolio
Los Angeles portfolio is currently 97% leased, largely under long-term leases.
Successful Asset Sales
Closed on Foothill Research Center and Maxwell dispositions for a combined total of $69 million, with net proceeds used to pay down the revolver.
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HPP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HPP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 07, 2025 | $2.28 | $2.27 | -0.44% |
| Feb 20, 2025 | $3.11 | $3.00 | -3.54% |
| Nov 12, 2024 | $4.04 | $4.21 | +4.21% |
| Aug 07, 2024 | $5.37 | $4.71 | -12.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hudson Pacific Properties (HPP) report earnings?
Hudson Pacific Properties (HPP) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Hudson Pacific Properties (HPP) earnings time?
Hudson Pacific Properties (HPP) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HPP EPS forecast?
HPP EPS forecast for the fiscal quarter 2025 (Q2) is -0.42.
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