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Hudson Pacific Properties Q2 Earnings Call Highlights
['Shane Hupp']
Ticker Report
President Mark Lammas said 61% of the quarter’s 1.3 million square feet of office leasing was new leasing and 39% was renewals.
Excluding the large San Francisco government lease, Hudson Pacific completed another 402,000 square feet of leasing, of which 71% was new.
Hudson Pacific is restructuring Quixote, its production-services business, and plans to exit Quixote’s leased soundstage facilities, Atlanta-area operations, pro-supplies business and stage ancillary operations such as lighting and grip.
Hudson Pacific raised its full-year 2026 Core FFO guidance to $1.12 to $1.20 per diluted share, from a prior range of $1.10 to $1.18.
About Hudson Pacific Properties (NYSE:HPP)Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties.