Hudson Pacific Properties, Inc. income statement
In fiscal 2025, Hudson Pacific Properties, Inc. reported revenue of $831m, down 1.3% on the year before and net income of −$572m, or −$12.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 640 | 728 | 728 | 818 | 805 | 897 | 1,026 | 952 | 842 | 831 | 813 |
| Gross profit | 86 | 118 | 149 | — | — | 461 | 517 | 505 | 561 | 612 | 502 | 388 | 403 | 401 |
| General and administrative | 16 | 20 | 28 | 52 | 54 | 61 | 72 | 78 | 71 | 80 | 75 | 79 | 73 | 51 |
| Operating income | 14 | 28 | 49 | 89 | 137 | — | — | — | — | — | — | — | — | — |
| Interest expense | 19 | 25 | 26 | 76 | 90 | 83 | 105 | 114 | 122 | 150 | 214 | 177 | 172 | 157 |
| Income before tax | — | — | — | — | — | — | — | — | 29 | −17 | −164 | −380 | −593 | −580 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1 | 0 | 0 | 7 | 2 | −0 | −0 |
| Net income | −17 | −15 | 10 | 27 | 68 | 98 | 43 | 0 | 6 | −56 | −192 | −364 | −572 | −572 |
| Diluted EPS | −$2.87 | −$1.89 | $0.15 | $0.25 | $0.44 | $0.63 | $0.28 | $0.00 | $0.04 | −$0.39 | −$9.54 | −$18.05 | −$12.81 | — |
| Diluted shares (average) | 6m | 8m | 10m | 16m | 22m | 22m | 22m | 22m | 22m | 21m | 20m | 20m | 45m | — |
| EBITDA | 69 | 98 | 121 | 358 | 420 | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 200 | 210 | 198 | 190 | 187 | 256 | 182 | 188 |
| Gross profit | 86 | 94 | 85 | 82 | 83 | 154 | 80 | 85 |
| General and administrative | 20 | 19 | 18 | 28 | 14 | 13 | 13 | 12 |
| Interest expense | 45 | 44 | 44 | 48 | 42 | 39 | 38 | 38 |
| Income before tax | −105 | −175 | −80 | −87 | −144 | −281 | −51 | −104 |
| Income tax | 2 | −1 | 0 | 0 | 0 | −1 | 0 | 0 |
| Net income | −98 | −167 | −75 | −83 | −136 | −278 | −53 | −105 |
| Diluted EPS | −$4.83 | −$16.65 | −$3.70 | −$2.87 | −$2.10 | −$11.70 | −$0.82 | −$1.62 |
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