Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Hudson Pacific Properties (HPP)
NYSE:HPP
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.48Last Year’s EPS
-0.37Same Quarter Last Year
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted improved leasing activity and cost savings, with strong venture funding in the Bay Area and potential studio leasing improvements. However, these positives were offset by revenue and FFO declines, a significant goodwill impairment at Quixote, lower same-store cash NOI, and challenging lease spreads.Company Guidance
During Hudson Pacific Properties' Fourth Quarter 2024 Earnings Conference Call, the company reported several key metrics and insights into its performance and future outlook. In 2024, Hudson Pacific achieved a 20% increase in office leasing, delivering over 2 million square feet of signed leases, with 1.2 million square feet being new leases. The company completed two of its three development projects and achieved approximately $4 million in G&A savings. They also placed three non-core assets under contract for $94 million. Looking forward, the company expects further G&A savings and anticipates office portfolio occupancy to stabilize and grow in the second half of 2025. The studio segment saw a slight improvement in production levels, with trailing 12-month lease percentages increasing to 77% for in-service stages. Hudson Pacific plans to right-size its Quixote business by reducing fixed expenses by $7.5 million annually. The company's financial results showed a fourth-quarter revenue of $209.7 million, a year-over-year decrease, and an FFO of $0.11 per diluted share, excluding specified items. For 2025, the company expects a same-store property cash NOI growth decline of 12.5% to 13.5% and aims to remain compliant with its private placement unsecured notes covenants.Increase in Office Leasing Activity
Office leasing ended the year nearly 20% higher than the previous year with over 2 million square feet of signed leases, including 1.2 million square feet of new leasing.
Successful Project Completions
Completion of two under-construction development projects: Washing 1000 in Seattle and Sunset Glenhos in Los Angeles.
Cost Savings Achieved
Achieved approximately $4 million in G&A savings compared to the initial outlook, with expectations for further savings.
Strong Venture Funding in the Bay Area
The Bay Area received 82% of venture funding for global AI in 2024, with a total of $75 billion in funding in the fourth quarter.
Studio Leasing Improvements
An uptick in stage leasing inquiries for Los Angeles studios, with expectations for improved occupancy in the second half of the year.
---
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
---
HPP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 01, 2024 | $5.63 | $5.38 | -4.44% |
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.
---
FAQ
When does Hudson Pacific Properties (HPP) report earnings?
Hudson Pacific Properties (HPP) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Hudson Pacific Properties (HPP) earnings time?
Hudson Pacific Properties (HPP) earnings time is at May 13, 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 (Q1) is -0.48.
---