Hudson Pacific Properties, Inc(NYSE:HPP) 
Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading g...
Founded: 2009
Full Time Employees: 347
Sector: Real Estate
Industry: REIT-Office
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2018-02-15 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 |
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revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
office | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenues | 145,228,000 | 224,577,000 | 148,290,000 | 150,533,000 | 158,393,000 | 170,689,000 | 162,908,000 | 172,596,000 | 171,427,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
service and other revenues | 3,446,000 | -4,140,000 | 6,289,000 | 5,300,000 | 6,818,000 | 3,531,000 | 4,034,000 | 3,443,000 | 3,648,000 | 3,545,000 | 3,954,000 | 3,805,000 | 3,976,000 | 3,964,000 | 4,712,000 | 4,408,000 | 5,208,000 | 3,276,000 | 3,925,000 | 3,151,000 | 2,282,000 | 3,205,000 | 2,460,000 | 3,654,000 | 5,314,000 | ||||||||||||||||||||||||||||||||||||||
total office revenues | 148,674,000 | 220,437,000 | 154,579,000 | 155,833,000 | 165,211,000 | 174,220,000 | 166,942,000 | 176,039,000 | 175,075,000 | 194,864,000 | 203,587,000 | 207,291,000 | 206,633,000 | 211,565,000 | 213,491,000 | 216,244,000 | 211,400,000 | 205,658,000 | 201,866,000 | 195,703,000 | 192,143,000 | 184,468,000 | 180,716,000 | 184,308,000 | 186,427,000 | 192,815,000 | 186,015,000 | 179,047,000 | 175,858,000 | 175,989,000 | 161,446,000 | 158,550,000 | 156,532,000 | 171,268,000 | 172,174,000 | 166,852,000 | 156,816,000 | 154,447,000 | 152,097,000 | 144,400,000 | 142,292,000 | 143,895,000 | 141,330,000 | 143,558,000 | 52,935,000 | 58,093,000 | 56,727,000 | 52,906,000 | 46,060,000 | 47,687,000 | 43,521,000 | 37,742,000 | 38,468,000 | 34,456,000 | 31,065,000 | 30,634,000 | 29,868,000 | 26,736,000 | 24,036,000 | 25,632,000 | 11,677,000 | 7,619,000 | 3,738,000 |
studio | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total studio revenues | 33,178,000 | 35,590,000 | 32,038,000 | 34,169,000 | 33,248,000 | 35,446,000 | 33,451,000 | 41,961,000 | 38,948,000 | 28,559,000 | 27,856,000 | 37,877,000 | 45,630,000 | 58,362,000 | 46,863,000 | 35,186,000 | 33,113,000 | 34,824,000 | 25,766,000 | 19,899,000 | 20,976,000 | 19,375,000 | 15,569,000 | 14,302,000 | 19,800,000 | 23,104,000 | 22,203,000 | 17,609,000 | 21,531,000 | 22,444,000 | 19,252,000 | 16,619,000 | 17,586,000 | ||||||||||||||||||||||||||||||
total revenues | 181,852,000 | 256,027,000 | 186,617,000 | 190,002,000 | 198,459,000 | 209,666,000 | 200,393,000 | 218,000,000 | 214,023,000 | 223,423,000 | 231,443,000 | 245,168,000 | 252,263,000 | 269,927,000 | 260,354,000 | 251,430,000 | 244,513,000 | 240,482,000 | 227,632,000 | 215,602,000 | 213,119,000 | 203,843,000 | 196,285,000 | 198,610,000 | 206,227,000 | 215,919,000 | 208,218,000 | 196,656,000 | 197,389,000 | 198,433,000 | 180,698,000 | 175,169,000 | 174,118,000 | 189,333,000 | 190,021,000 | 180,500,000 | 168,285,000 | 167,198,000 | 164,583,000 | 154,321,000 | 153,537,000 | 154,651,000 | 151,556,000 | 151,819,000 | 62,824,000 | 67,535,000 | 68,155,000 | 62,129,000 | 55,596,000 | 57,417,000 | 53,348,000 | 47,390,000 | 49,380,000 | 45,244,000 | 42,066,000 | 40,615,000 | 38,231,000 | 36,917,000 | 33,407,000 | 34,804,000 | 21,090,000 | 17,505,000 | 11,087,000 |
yoy | -8.37% | 22.11% | -6.87% | -12.84% | -7.27% | -6.16% | -13.42% | -11.08% | -15.16% | -17.23% | -11.10% | -2.49% | 3.17% | 12.24% | 14.37% | 16.62% | 14.73% | 17.97% | 15.97% | 8.56% | 3.34% | -5.59% | -5.73% | 0.99% | 4.48% | 8.81% | 15.23% | 12.27% | 13.37% | 4.81% | -4.91% | -2.95% | 3.47% | 13.24% | 15.46% | 16.96% | 9.61% | 8.11% | 8.60% | 1.65% | 144.39% | 128.99% | 122.37% | 144.36% | 13.00% | 17.62% | 27.76% | 31.10% | 12.59% | 26.91% | 26.82% | 16.68% | 29.16% | 22.56% | 25.92% | 16.70% | 81.28% | 110.89% | 201.32% | ||||
qoq | -28.97% | 37.19% | -1.78% | -4.26% | -5.35% | 4.63% | -8.08% | 1.86% | -4.21% | -3.47% | -5.60% | -2.81% | -6.54% | 3.68% | 3.55% | 2.83% | 1.68% | 5.65% | 5.58% | 1.17% | 4.55% | 3.85% | -1.17% | -3.69% | -4.49% | 3.70% | 5.88% | -0.37% | -0.53% | 9.81% | 3.16% | 0.60% | -8.04% | -0.36% | 5.27% | 7.26% | 0.65% | 1.59% | 6.65% | 0.51% | -0.72% | 2.04% | -0.17% | 141.66% | -6.98% | -0.91% | 9.70% | 11.75% | -3.17% | 7.63% | 12.57% | -4.03% | 9.14% | 7.55% | 3.57% | 6.24% | 3.56% | 10.51% | -4.01% | 65.03% | 20.48% | 57.89% | |
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
office operating expenses | 69,822,000 | 68,661,000 | 71,577,000 | 71,501,000 | 72,277,000 | 77,896,000 | 79,502,000 | 75,304,000 | 72,947,000 | 80,676,000 | 80,521,000 | 76,767,000 | 74,054,000 | 78,139,000 | 78,340,000 | 78,558,000 | 73,631,000 | 72,796,000 | 71,865,000 | 69,111,000 | 66,562,000 | 67,653,000 | 66,075,000 | 64,611,000 | 63,860,000 | 67,529,000 | 66,969,000 | 60,896,000 | 60,815,000 | 62,345,000 | 57,295,000 | 53,940,000 | 53,240,000 | 56,349,000 | 59,102,000 | 55,468,000 | 47,954,000 | 52,166,000 | 53,975,000 | 49,091,000 | 47,703,000 | 50,767,000 | 51,538,000 | 46,691,000 | 17,135,000 | 19,903,000 | 23,969,000 | 18,573,000 | 15,927,000 | 19,243,000 | 16,766,000 | 14,079,000 | 14,114,000 | 15,401,000 | 13,042,000 | 13,778,000 | 11,356,000 | 12,785,000 | 9,533,000 | 10,274,000 | 4,562,000 | 2,822,000 | 1,639,000 |
studio operating expenses | 31,709,000 | 33,811,000 | 32,382,000 | 36,552,000 | 40,981,000 | 38,030,000 | 35,339,000 | 37,952,000 | 37,109,000 | 34,869,000 | 31,655,000 | 34,679,000 | 37,244,000 | 38,793,000 | 26,688,000 | 20,686,000 | 18,983,000 | 19,550,000 | 12,044,000 | 12,466,000 | 11,453,000 | 9,945,000 | 9,034,000 | 7,951,000 | 10,650,000 | 13,225,000 | 11,440,000 | 9,539,000 | 11,109,000 | 12,176,000 | 10,511,000 | 8,539,000 | 9,664,000 | ||||||||||||||||||||||||||||||
general and administrative | 12,575,000 | 12,985,000 | 13,709,000 | 27,776,000 | 18,483,000 | 19,492,000 | 19,544,000 | 20,705,000 | 19,710,000 | 19,781,000 | 17,512,000 | 18,941,000 | 18,724,000 | 17,323,000 | 19,795,000 | 21,871,000 | 20,512,000 | 17,500,000 | 18,288,000 | 17,109,000 | 18,449,000 | 23,939,000 | 17,428,000 | 17,897,000 | 18,618,000 | 17,848,000 | 17,661,000 | 18,344,000 | 18,094,000 | 14,980,000 | 14,280,000 | 16,203,000 | 15,564,000 | 13,130,000 | 13,013,000 | 14,506,000 | 13,810,000 | 13,926,000 | 12,955,000 | 13,016,000 | 12,503,000 | 9,583,000 | 9,378,000 | 10,373,000 | 9,200,000 | 9,096,000 | 6,802,000 | 6,579,000 | 5,776,000 | 4,757,000 | 5,020,000 | 5,186,000 | 4,989,000 | 3,675,000 | 4,157,000 | 4,151,000 | 4,514,000 | 2,844,000 | 3,062,000 | 3,146,000 | 2,114,000 | 2,379,000 | |
depreciation and amortization | 80,722,000 | 93,046,000 | 94,085,000 | 94,751,000 | 93,085,000 | 89,101,000 | 86,672,000 | 86,798,000 | 91,854,000 | 103,192,000 | 98,580,000 | 98,935,000 | 97,139,000 | 96,518,000 | 93,070,000 | 91,438,000 | 92,193,000 | 88,107,000 | 88,568,000 | 84,178,000 | 82,761,000 | 77,351,000 | 75,052,000 | 73,516,000 | 73,763,000 | 74,196,000 | 69,781,000 | 69,606,000 | 68,505,000 | 67,520,000 | 62,224,000 | 60,706,000 | 60,553,000 | 66,230,000 | 71,158,000 | 75,415,000 | 70,767,000 | 67,197,000 | 67,414,000 | 66,108,000 | 68,368,000 | 74,126,000 | 80,195,000 | 73,592,000 | 17,158,000 | 20,243,000 | 17,361,000 | 17,944,000 | 16,668,000 | 16,994,000 | 20,256,000 | 14,382,000 | 18,905,000 | 17,602,000 | 13,582,000 | 13,708,000 | 12,132,000 | 11,036,000 | 10,626,000 | 11,361,000 | 5,927,000 | 4,317,000 | 2,955,000 |
total operating expenses | 194,828,000 | 208,503,000 | 211,753,000 | 230,580,000 | 224,826,000 | 224,519,000 | 221,057,000 | 220,759,000 | 221,620,000 | 238,518,000 | 228,268,000 | 229,322,000 | 227,161,000 | 230,773,000 | 217,893,000 | 212,553,000 | 205,319,000 | 197,953,000 | 190,765,000 | 182,864,000 | 179,225,000 | 178,888,000 | 167,589,000 | 163,975,000 | 166,891,000 | 172,798,000 | 165,851,000 | 158,385,000 | 158,523,000 | 157,021,000 | 144,310,000 | 139,388,000 | 139,021,000 | 145,501,000 | 153,861,000 | 152,392,000 | 139,782,000 | 140,353,000 | 140,843,000 | 134,510,000 | 134,526,000 | 140,848,000 | 147,391,000 | 135,725,000 | 49,498,000 | 55,895,000 | 55,533,000 | 48,934,000 | 44,376,000 | 47,010,000 | 48,178,000 | 40,076,000 | 43,576,000 | 43,025,000 | 37,715,000 | 37,926,000 | 32,772,000 | 32,788,000 | 28,992,000 | 29,960,000 | 17,224,000 | 15,477,000 | 9,313,000 |
other (expenses) income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated real estate entities | -437,000 | 2,136,000 | -744,000 | -205,000 | -1,254,000 | -1,610,750 | -3,219,000 | -2,481,000 | -743,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fee income | 1,107,000 | 1,482,000 | 1,082,000 | 1,476,000 | 1,359,000 | 1,336,000 | 1,437,000 | 1,371,000 | 1,125,000 | 1,155,000 | 340,000 | 2,284,000 | 2,402,000 | 4,850,000 | 911,000 | 1,140,000 | 1,071,000 | 898,000 | 678,000 | 797,000 | 848,000 | 1,074,000 | 575,000 | 556,000 | 610,000 | ||||||||||||||||||||||||||||||||||||||
interest expense | -37,994,000 | -38,850,000 | -41,726,000 | -48,137,000 | -43,505,000 | -44,140,000 | -45,005,000 | -44,159,000 | -44,089,000 | -52,379,000 | -53,581,000 | -54,648,000 | -53,807,000 | -48,085,000 | -37,261,000 | -33,719,000 | -30,836,000 | -30,139,000 | -30,825,000 | -30,689,000 | -30,286,000 | -29,638,000 | -32,492,000 | -27,930,000 | -26,417,000 | -28,353,000 | -26,590,000 | -26,552,000 | 24,350,000 | 23,202,000 | 20,131,000 | 19,331,000 | 20,503,000 | 23,951,000 | 22,461,000 | 21,695,000 | 21,930,000 | 21,269,000 | 19,910,000 | 17,614,000 | 17,251,000 | 16,600,000 | 14,461,000 | 14,113,000 | 5,493,000 | 6,413,000 | 6,550,000 | 6,445,000 | 6,524,000 | 6,797,000 | 7,319,000 | 5,762,000 | 5,592,000 | 5,094,000 | 4,511,000 | 4,575,000 | 4,891,000 | 4,073,000 | 4,530,000 | 4,642,000 | 2,635,000 | 1,784,000 | 2,331,000 |
interest income | 1,649,000 | 1,468,000 | 2,212,000 | 2,123,000 | 435,000 | 492,000 | 542,000 | 579,000 | 854,000 | 775,000 | 800,000 | 236,000 | 371,000 | 314,000 | 196,000 | 920,000 | 910,000 | 926,000 | 934,000 | 937,000 | 997,000 | 960,000 | 1,056,000 | 1,048,000 | 1,025,000 | 1,010,000 | 1,002,000 | 1,008,000 | -1,024,000 | -1,225,000 | -418,000 | -66,000 | -9,000 | -7,000 | -44,000 | -16,000 | -30,000 | -44,000 | -130,000 | -73,000 | -13,000 | -6,000 | -17,000 | -48,000 | -53,000 | -9,000 | -1,000 | -11,000 | -9,000 | -10,000 | -22,000 | -90,000 | -150,000 | -157,000 | -142,000 | -2,000 | -5,000 | -36,000 | -23,000 | -8,000 | -22,000 | -31,000 | |
management services reimbursement income—unconsolidated real estate entities | 1,124,000 | 1,024,000 | 1,084,000 | 1,123,000 | 975,000 | 932,000 | 989,000 | 1,042,000 | 1,156,000 | 987,000 | 1,015,000 | 1,059,000 | 1,064,000 | 1,004,000 | 983,000 | 1,068,000 | 1,108,000 | 253,000 | 253,000 | 626,000 | |||||||||||||||||||||||||||||||||||||||||||
management services expense—unconsolidated real estate entities | -1,124,000 | -1,024,000 | -1,084,000 | -1,123,000 | -975,000 | -932,000 | -989,000 | -1,042,000 | -1,156,000 | -987,000 | -1,015,000 | -1,059,000 | -1,064,000 | -1,004,000 | -983,000 | -1,068,000 | -1,108,000 | -253,000 | -253,000 | -626,000 | |||||||||||||||||||||||||||||||||||||||||||
transaction-related expenses | -101,000 | -139,000 | -451,000 | -193,000 | -269,000 | 113,000 | -2,150,000 | -194,000 | 2,530,000 | -1,186,000 | -3,643,000 | -9,331,000 | -1,126,000 | -256,000 | -1,547,000 | -6,300,000 | -1,064,000 | -181,000 | -157,000 | -102,000 | -208,000 | -331,000 | 128,000 | 252,000 | 165,000 | 118,000 | 598,000 | ||||||||||||||||||||||||||||||||||||
unrealized loss on non-real estate investments | -1,962,000 | -663,000 | -2,098,000 | -449,000 | -934,000 | -1,081,000 | -1,045,000 | -567,250 | -2,265,000 | -843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | -4,293,000 | -16,000 | 10,023,000 | 80,048,000 | 16,108,000 | 7,046,000 | 11,775,000 | 47,100,000 | 6,352,000 | 8,371,000 | -591,000 | 22,691,000 | 5,538,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | -280,844,000 | -18,476,000 | -113,121,000 | -36,543,000 | -4,795,000 | -3,250,000 | -20,503,000 | -2,762,000 | 52,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -925,500 | -207,000 | -1,637,000 | -1,858,000 | -10,000 | -6,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 158,000 | -2,328,000 | 601,000 | -93,000 | 8,000 | 198,000 | -28,000 | 1,334,000 | 143,000 | -145,000 | 5,000 | 138,000 | 5,161,000 | 4,904,000 | 2,453,000 | 742,000 | 852,000 | -1,006,000 | 82,000 | -1,177,000 | -452,000 | -1,058,000 | 576,000 | 716,000 | 314,000 | 336,000 | -333,000 | 181,000 | -74,000 | -25,000 | -319,000 | -404,000 | -664,000 | -1,402,000 | -576,000 | -678,000 | -842,000 | -693,000 | 117,000 | 200,000 | -8,000 | ||||||||||||||||||||||
total other expenses | -37,580,000 | -328,643,000 | -118,926,000 | -46,728,000 | -53,717,000 | -159,680,000 | -84,166,000 | -44,288,000 | -45,758,000 | -67,478,000 | -39,352,000 | -41,018,000 | -39,919,000 | -44,810,000 | -49,253,000 | -35,331,000 | 14,519,750 | 19,853,000 | 18,018,000 | 20,208,000 | 17,939,000 | 19,387,000 | 16,548,000 | 14,364,000 | 51,586,000 | ||||||||||||||||||||||||||||||||||||||
loss before income tax provision | -50,556,000 | -77,863,000 | -144,062,000 | -87,306,000 | -80,084,000 | -47,047,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax provision | -348,000 | -168,000 | -24,000 | -454,000 | -194,000 | -510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -50,904,000 | -280,174,000 | -144,086,000 | -87,760,000 | -80,278,000 | -173,481,000 | -107,013,000 | -47,557,000 | -53,355,000 | -88,654,000 | -35,752,000 | -31,474,000 | -14,817,000 | -5,656,000 | -6,792,000 | 3,546,000 | -7,615,000 | 16,753,000 | -6,182,000 | 7,030,000 | 11,411,000 | -3,168,000 | -1,362,000 | 7,011,000 | 13,949,000 | 16,963,000 | 62,955,000 | 12,823,000 | -36,895,000 | 19,257,000 | 20,270,000 | 19,691,000 | 52,563,000 | 48,944,000 | 14,510,000 | 6,954,000 | 24,153,000 | 28,530,000 | 5,217,000 | 4,035,000 | 5,976,000 | -2,745,000 | -1,828,000 | -36,083,000 | 24,574,000 | 885,000 | 11,415,000 | 6,689,000 | 4,533,000 | -1,465,750 | -2,752,000 | -3,428,000 | 317,000 | -2,971,000 | -274,000 | -2,229,000 | 468,000 | -803,000 | -210,000 | 93,000 | -531,000 | 27,000 | |
yoy | -36.59% | 61.50% | 34.64% | 84.54% | 50.46% | 95.68% | 199.32% | 51.10% | 260.09% | 1467.43% | 426.38% | -987.59% | 94.58% | -133.76% | 9.87% | -49.56% | -166.73% | -628.82% | 353.89% | 0.27% | -18.19% | -118.68% | -102.16% | -45.32% | -137.81% | -11.91% | 210.58% | -34.88% | -170.19% | -60.66% | 39.70% | 183.16% | 117.63% | 71.55% | 178.13% | 72.34% | 304.17% | -1139.34% | -385.39% | -111.18% | -75.68% | -410.17% | -116.01% | -639.44% | 442.11% | -160.38% | -514.79% | -295.13% | 1329.97% | -50.66% | 904.38% | 53.79% | -32.26% | 269.99% | 30.48% | -2496.77% | -188.14% | -3074.07% | |||||
qoq | -81.83% | 94.45% | 64.18% | 9.32% | -53.73% | 62.11% | 125.02% | -10.87% | -39.82% | 147.97% | 13.59% | 112.42% | 161.97% | -16.73% | -291.54% | -146.57% | -145.45% | -371.00% | -187.94% | -38.39% | -460.20% | 132.60% | -119.43% | -49.74% | -17.77% | -73.06% | 390.95% | -134.76% | -291.59% | -5.00% | 2.94% | -62.54% | 7.39% | 237.31% | 108.66% | -71.21% | -15.34% | 446.87% | 29.29% | -32.48% | -317.70% | 50.16% | -94.93% | -246.83% | 2676.72% | -92.25% | 70.65% | 47.56% | -409.26% | -46.74% | -19.72% | -1181.39% | -110.67% | 984.31% | -87.71% | -576.28% | -158.28% | 282.38% | -325.81% | -117.51% | -2066.67% | ||
net income margin % | -27.99% | -109.43% | -77.21% | -46.19% | -40.45% | -82.74% | -53.40% | -21.82% | -24.93% | -39.68% | -15.45% | -12.84% | -5.87% | -2.10% | -2.61% | 1.41% | -3.11% | 6.97% | -2.72% | 3.26% | 5.35% | -1.55% | -0.69% | 3.53% | 6.76% | 7.86% | 30.24% | 6.52% | -18.69% | 9.70% | 11.22% | 11.24% | 30.19% | 25.85% | 7.64% | 3.85% | 14.35% | 17.06% | 3.17% | 2.61% | 3.89% | -1.77% | -1.21% | -23.77% | 39.12% | 1.31% | 16.75% | 10.77% | 8.15% | -2.55% | -5.16% | -7.23% | 0.64% | -6.57% | -0.65% | -5.49% | 1.22% | -2.18% | -0.63% | 0.27% | -2.52% | 0.15% | 0% |
net income attributable to series a preferred units | -44,000 | -44,000 | -53,000 | -121,000 | -146,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to series c preferred shares | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,047,000 | -5,290,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interest in consolidated real estate entities | 1,610,000 | 3,249,000 | 9,966,000 | 6,675,000 | 7,467,000 | 6,359,000 | 10,777,000 | 3,751,000 | 4,169,000 | 8,956,000 | 1,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to redeemable non-controlling interest in consolidated real estate entities | 701,000 | 477,000 | 974,000 | 895,000 | 902,000 | 973,000 | 968,000 | 961,000 | 1,157,000 | -14,853,000 | 931,000 | 508,000 | 894,000 | 531,000 | 1,037,000 | 1,506,000 | 1,890,000 | 122,000 | 816,000 | 1,282,000 | 682,000 | 1,864,000 | 1,304,000 | 770,000 | 633,000 | 489,000 | 347,000 | 558,000 | 600,000 | ||||||||||||||||||||||||||||||||||
net loss attributable to common units in the operating partnership | 553,000 | 3,618,000 | 1,779,000 | 2,209,000 | 2,394,000 | 4,353,000 | 2,550,000 | 1,225,000 | 1,229,000 | 1,758,000 | 672,000 | 646,000 | 282,000 | 137,000 | 225,000 | 93,000 | -445,000 | 4,097,000 | 2,470,000 | 16,008,000 | -121,000 | ||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -53,131,000 | -277,921,000 | -136,467,000 | -83,149,000 | -74,708,000 | -166,996,000 | -97,918,000 | -47,027,000 | -52,202,000 | -23,547,000 | -37,597,000 | -36,163,000 | -20,425,000 | -11,128,750 | -17,286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted per share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders—basic | -0.82 | -11.7 | -0.3 | -0.41 | -0.53 | -1.18 | -0.69 | -0.33 | -0.37 | -0.168 | -0.27 | -0.26 | -0.14 | -0.078 | -0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders—diluted | -0.82 | -11.7 | -0.3 | -0.41 | -0.53 | -1.18 | -0.69 | -0.33 | -0.37 | -0.168 | -0.27 | -0.26 | -0.14 | -0.078 | -0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding—basic | 64,462,033 | 44,682,601 | 451,031,299 | 202,666,003 | 141,386,505 | 141,192,730 | 141,232,361 | 141,181,450 | 141,122,337 | 140,953,088 | 140,937,702 | 140,909,747 | 141,025,021 | 143,732,433 | 141,117,194 | 143,816,698 | 149,187,994 | 151,618,282 | 152,320,252 | 151,169,612 | 150,823,605 | 153,126,027 | 153,196,007 | 153,306,976 | 154,432,602 | 154,404,427 | 154,414,452 | 154,384,586 | 154,396,159 | 155,445,247 | 155,649,110 | 155,636,636 | 155,626,055 | 153,488,730 | 155,302,800 | 155,290,559 | 147,950,594 | 106,188,902 | 115,083,622 | 95,145,496 | 89,190,803 | 85,927,216 | 88,894,258 | 76,783,351 | 65,792,447 | ||||||||||||||||||
weighted-average shares of common stock outstanding—diluted | 64,462,033 | 44,682,601 | 451,031,299 | 202,666,003 | 141,386,505 | 141,192,730 | 141,232,361 | 141,181,450 | 141,122,337 | 140,953,088 | 140,937,702 | 140,909,747 | 141,025,021 | 143,732,433 | 141,117,194 | 143,816,698 | 149,187,994 | 151,943,360 | 152,320,252 | 152,683,463 | 151,141,079 | 153,169,025 | 153,196,007 | 155,621,513 | 158,109,912 | 156,602,408 | 156,498,919 | 154,687,261 | 154,396,159 | 155,696,486 | 156,669,247 | 156,590,227 | 156,714,822 | 153,882,814 | 156,093,736 | 156,095,603 | 149,950,346 | 110,369,055 | 116,262,622 | 95,995,496 | 89,597,803 | 85,927,216 | 88,894,258 | 77,330,351 | 66,509,447 | ||||||||||||||||||
loss on deconsolidation of real estate entity | -77,907,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to participating securities | -207,000 | -202,000 | -297,000 | -553,000 | -300,000 | -300,000 | -300,000 | -294,000 | -260,000 | -276,000 | -276,000 | -278,000 | -720,000 | -109,000 | -10,000 | -29,000 | -554,000 | -274,000 | -48,000 | -308,000 | -108,000 | -118,000 | -110,000 | -327,000 | -253,000 | -255,000 | -255,000 | -240,000 | -177,000 | -196,000 | -196,000 | ||||||||||||||||||||||||||||||||
unrealized gain on non-real estate investments | 212,000 | -898,000 | 839,000 | -378,000 | -894,000 | -1,818,000 | 1,650,000 | 4,951,000 | 827,000 | 5,018,000 | 5,775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | 40,000 | -41,000 | 12,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income tax benefit | -51,308,000 | -104,830,000 | -53,355,000 | -20,332,750 | -36,177,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -673,250 | -2,183,000 | -178,750 | 425,000 | -6,302,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental | 191,319,000 | 199,633,000 | 203,486,000 | 202,657,000 | 207,601,000 | 208,779,000 | 211,836,000 | 206,192,000 | 202,382,000 | 197,941,000 | 192,552,000 | 189,861,000 | 181,263,000 | 178,256,000 | 180,654,000 | 181,113,000 | 186,914,000 | 179,197,000 | 172,256,000 | 170,197,000 | 143,407,000 | 129,963,000 | 129,732,000 | 130,082,000 | 139,178,000 | 139,157,000 | 133,602,000 | 133,516,000 | 128,763,000 | 123,919,000 | 118,047,000 | 116,227,000 | 118,222,000 | 114,693,000 | 120,052,000 | 41,576,000 | 41,388,000 | 39,503,000 | 39,905,000 | 36,010,000 | 35,174,000 | 33,575,000 | 29,286,000 | 28,648,000 | 25,423,000 | 23,551,000 | 22,591,000 | 22,380,000 | 18,950,000 | 17,821,000 | 17,514,000 | 9,461,000 | 6,521,000 | 3,285,000 | |||||||||
income from unconsolidated real estate entities | -1,683,000 | -759,000 | -715,000 | -745,000 | -788,000 | -352,000 | 1,780,000 | 303,000 | 151,000 | 566,000 | 470,000 | 635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax benefit | -25,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest in consolidated real estate entities | -346,000 | -1,031,000 | -1,520,000 | -6,256,000 | -7,081,000 | -8,561,000 | -6,042,000 | -3,585,000 | -5,549,000 | -6,630,000 | -6,378,000 | -5,170,000 | -3,890,000 | -3,517,000 | -3,554,000 | -3,660,000 | -3,317,000 | -2,821,000 | -1,716,500 | -2,525,000 | -2,396,000 | -1,945,000 | |||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate | -1,984,000 | -180,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -7,436,000 | -19,793,000 | 8,062,000 | -9,295,000 | 2,315,000 | 4,982,000 | -8,476,000 | -5,436,000 | 3,691,000 | 10,777,000 | 12,957,000 | 58,755,000 | 9,786,000 | -39,392,000 | 15,944,000 | 17,367,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders—basic | -0.05 | -0.13 | 0.05 | -0.06 | 0.02 | 0.03 | 0.015 | -0.04 | 0.02 | 0.07 | 0.09 | 0.38 | 0.06 | -0.26 | 0.1 | 0.11 | 0.1 | 0.31 | 0.21 | 0.07 | 0.02 | 0.14 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders—diluted | -0.05 | -0.13 | 0.05 | -0.06 | 0.02 | 0.03 | 0.015 | -0.04 | 0.02 | 0.07 | 0.09 | 0.38 | 0.06 | -0.26 | 0.11 | 0.11 | 0.1 | 0.31 | 0.21 | 0.07 | 0.02 | 0.14 | |||||||||||||||||||||||||||||||||||||||||
total other expense | -46,809,000 | -25,776,000 | -43,049,000 | -25,708,000 | -22,483,000 | -27,624,000 | 75,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interest in the operating partnership | 230,000 | 4,000 | 85,000 | -22,250 | 54,000 | -37,000 | -106,000 | -77,000 | 185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to preferred units | -114,750 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -119,250 | -159,000 | -159,000 | -159,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest in the operating partnership | -19,000 | -50,000 | -234,000 | -460,000 | -59,000 | -63,000 | -59,000 | -177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated real estate entity | 17,250 | -105,000 | 410,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on non-real estate investment | -583,750 | 513,000 | -928,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -20,767,250 | -30,058,000 | -25,387,000 | -20,155,250 | 20,588,000 | -25,448,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on non-real estate investment | -2,267,000 | -581,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated real estate entity | -236,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant recoveries | 25,281,000 | 24,615,000 | 21,960,000 | 20,904,000 | 24,823,000 | 24,982,000 | 25,038,000 | 17,401,000 | 19,893,000 | 22,657,000 | 21,303,000 | 20,533,000 | 22,345,000 | 20,036,000 | 17,790,000 | 6,064,000 | 10,866,000 | 12,084,000 | 5,988,000 | 5,571,000 | 8,253,000 | 6,520,000 | 5,348,000 | 5,882,000 | 6,215,000 | 4,969,000 | 5,593,000 | 5,374,000 | 7,437,000 | 6,116,000 | 6,031,000 | 2,108,000 | 1,001,000 | 374,000 | |||||||||||||||||||||||||||||
service revenues and other | 4,817,500 | 6,818,000 | 3,088,000 | 9,137,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated joint venture | -86,250 | -260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service revenues | 6,791,000 | 5,661,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated real estate investments | -85,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of real estate | -86,674,000 | 3,735,000 | 1,928,000 | 37,674,000 | 28,708,000 | 16,866,000 | 2,128,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | 106,000 | -47,000 | 24,000 | 60,000 | 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
parking and other | 7,301,000 | 6,868,000 | 6,858,000 | 5,546,000 | 7,267,000 | 8,035,000 | 8,212,000 | 5,899,000 | 5,791,000 | 5,521,000 | 5,050,000 | 5,532,000 | 3,328,000 | 6,601,000 | 5,716,000 | 5,295,000 | 5,839,000 | 5,140,000 | 7,013,000 | 4,479,000 | 4,260,000 | 3,426,000 | 3,108,000 | 3,938,000 | 2,818,000 | 2,545,000 | 2,450,000 | 2,114,000 | |||||||||||||||||||||||||||||||||||
other property-related revenue | 9,467,000 | 6,988,000 | 5,301,000 | 6,435,000 | 7,841,000 | 6,561,000 | 4,361,000 | 4,042,000 | 4,596,000 | 5,005,000 | 2,810,000 | 4,969,000 | 4,324,000 | 3,860,000 | 2,556,000 | 4,109,000 | 4,723,000 | 4,583,000 | 2,811,000 | 3,634,000 | 3,704,000 | 3,170,000 | 3,708,000 | 4,490,000 | 3,936,000 | 4,476,000 | 3,697,000 | 2,624,000 | 4,579,000 | 3,242,000 | 3,271,000 | 3,401,000 | 4,194,000 | 1,949,000 | |||||||||||||||||||||||||||||
other | 205,000 | 234,000 | 110,000 | 414,000 | 88,000 | 141,000 | 53,000 | 77,000 | 76,000 | 136,000 | 41,000 | 49,000 | 69,000 | 113,000 | 58,000 | 73,000 | 70,000 | 339,000 | 70,000 | 133,000 | -381,000 | 180,000 | 200,000 | 236,000 | 58,000 | 44,000 | 62,000 | 40,000 | 349,000 | 99,000 | 2,087,000 | 108,000 | 97,000 | 79,000 | |||||||||||||||||||||||||||||
operating income | 26,816,500 | 36,388,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -26.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13.51% | 20.14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
unrealized loss on ineffective portion of derivative instrument | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gains on sale of real estate | 12,296,750 | 16,535,000 | 17,763,000 | 14,889,000 | 20,236,000 | 14,510,000 | 6,954,000 | 7,287,000 | 1,678,250 | 5,217,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest in consolidated entities | -2,264,750 | -2,569,000 | -3,167,000 | -3,323,000 | -15,958,000 | -2,991,000 | -2,974,000 | -3,037,000 | -1,167,000 | -1,273,000 | 99,750 | 118,000 | 291,000 | -10,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 35,781,000 | 35,097,000 | 43,832,000 | 36,160,000 | 28,108,000 | 28,503,000 | 26,845,000 | 23,740,000 | 19,811,000 | 19,011,000 | 13,803,000 | 4,165,000 | 16,094,000 | 13,326,000 | 11,640,000 | 12,622,000 | 13,195,000 | 11,220,000 | 10,407,000 | 5,170,000 | 7,314,000 | 5,804,000 | 2,219,000 | 4,351,000 | 2,689,000 | 5,459,000 | 4,129,000 | 4,415,000 | 4,844,000 | 3,866,000 | 2,028,000 | 1,774,000 | |||||||||||||||||||||||||||||||
unrealized loss on ineffective portion of derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to hudson pacific properties, inc. common stockholders | 16,202,000 | 48,577,000 | 32,455,000 | 11,064,000 | 3,553,000 | 20,515,000 | 22,279,000 | 1,847,000 | 839,000 | 2,253,000 | -2,486,750 | -3,905,000 | -25,243,000 | 19,211,000 | -2,290,000 | 7,620,000 | 3,365,000 | 1,260,000 | -83,000 | -5,694,000 | -6,184,000 | -2,872,000 | |||||||||||||||||||||||||||||||||||||||||
basic and diluted per share amounts: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per share | 0.25 | 0.25 | 0.188 | 0.25 | 0.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on ineffective portion of derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to preferred stock and units | -159,000 | -119,250 | -159,000 | -159,000 | -159,000 | -2,520,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,200,000 | -3,200,000 | -3,231,000 | -3,231,000 | -3,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||
media & entertainment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total media & entertainment revenues | 18,065,000 | 17,847,000 | 13,648,000 | 11,469,000 | 12,751,000 | 12,486,000 | 9,921,000 | 11,245,000 | 10,756,000 | 10,226,000 | 8,261,000 | 9,889,000 | 9,442,000 | 11,428,000 | 9,223,000 | 9,536,000 | 9,730,000 | 9,827,000 | 9,648,000 | 10,912,000 | 10,788,000 | 11,001,000 | 9,981,000 | 8,363,000 | 10,181,000 | 9,371,000 | 9,172,000 | 9,413,000 | 9,886,000 | 7,349,000 | |||||||||||||||||||||||||||||||||
media & entertainment operating expenses | 9,792,000 | 10,588,000 | 7,003,000 | 7,251,000 | 7,064,000 | 6,499,000 | 6,295,000 | 5,952,000 | 6,372,000 | 6,280,000 | 5,069,000 | 6,005,000 | 6,653,000 | 7,401,000 | 5,838,000 | 6,005,000 | 6,016,000 | 6,136,000 | 6,429,000 | 5,568,000 | 6,347,000 | 6,934,000 | 6,289,000 | 4,770,000 | 6,123,000 | 5,771,000 | 5,179,000 | 4,621,000 | 5,959,000 | 4,719,000 | |||||||||||||||||||||||||||||||||
unrealized gain on ineffective portion of derivative instruments | 20,500 | 37,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other incomes | 16,005,000 | 21,650,000 | 21,154,000 | 21,216,000 | 20,189,000 | 18,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest in units in the operating partnership | -64,000 | -41,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on ineffective portion of derivative instruments | 51,000 | 384,000 | 2,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related expenses | 315,000 | 61,000 | 37,481,000 | 6,044,000 | 4,322,000 | 214,000 | 105,000 | 454,000 | 483,000 | 509,000 | 236,000 | 455,000 | 299,000 | 61,000 | 762,000 | 1,584,000 | 256,000 | 2,433,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to units in the operating partnership | -13,000 | -202,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on ineffective portion of derivative instruments | -6,000 | 407,500 | -879,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per share of common stock | 0.25 | 0.15 | 0.2 | 0.2 | 0.2 | 0.094 | 0.125 | 0.125 | 0.125 | 0.094 | 0.125 | 0.125 | 0.125 | 0.094 | 0.125 | 0.125 | 0.125 | ||||||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to common units in the operating partnership | -3,491,000 | -490,000 | -110,250 | -273,000 | -47,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders’ per share—basic | 0.013 | 0.02 | 0.01 | 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders’ per share—diluted | 0.013 | 0.02 | 0.01 | 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gains (loss) on sale of real estate | 1,872,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains (loss) on sale of real estate | 2,163,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before gain on sale of real estate | -376,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to restricted shares | -197,000 | -127,000 | -79,000 | -80,000 | -70,000 | -68,000 | -68,000 | -69,000 | -69,000 | -71,000 | -71,000 | -79,000 | -79,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common units in the operating partnership | -1,422,000 | -596,000 | -3,000 | 242,000 | 263,000 | 131,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related (expense reimbursements) expenses | 10,860,500 | -83,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before gain on sale of real estate | -2,745,000 | -10,199,000 | -35,492,000 | 1,883,000 | 885,000 | 5,915,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | -2,745,000 | -1,828,000 | -36,083,000 | 24,574,000 | 885,000 | 11,453,000 | 6,749,000 | 4,599,000 | 3,306,000 | -2,597,000 | 1,124,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from discontinued operations | -60,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations attributable to common stockholders | -0.07 | -0.04 | -0.28 | 0.25 | -0.04 | 0.11 | 0.05 | 0.02 | -0.1 | -0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | -38,000 | -66,000 | -37,000 | -155,000 | -4,552,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders’ per share—basic and diluted | -0.03 | -0.04 | -0.28 | 0.25 | 0.048 | 0.11 | 0.05 | 0.02 | -0.1 | -0.11 | -0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding—basic and diluted | 88,984,236 | 66,506,179 | 66,485,639 | 63,625,751 | 55,182,647 | 56,144,099 | 56,075,747 | 52,184,280 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interest in consolidated entities | -1,893,000 | -1,502,000 | 61,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense - sum | 11,443,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -38,000 | -60,000 | -37,000 | -10,000 | 883,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other incomes | -10,750 | -56,000 | 1,000 | 10,250 | -13,000 | 9,000 | 45,000 | 17,000 | -199,000 | 46,000 | 44,000 | 133,000 | 118,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
impairment income from discontinued operations | -145,000 | -5,435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to non-controlling interest in consolidated entities | -38,750 | -259,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (income) attributable to non-controlling interest in consolidated entities | 43,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to preferred stock and units | -2,423,250 | -3,231,000 | -3,231,000 | -3,231,000 | -2,027,000 | -2,027,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to restricted shares | -56,500 | -69,000 | -79,000 | -78,000 | -53,000 | -62,000 | -25,000 | -25,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interest in consolidated real estate entities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: net income attributable to common units in the operating partnership | 176,000 | 179,000 | 322,000 | 203,000 | 211,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to hudson pacific properties, inc. common shareholders | -5,940,000 | -3,395,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders’ per share - basic and diluted | -0.07 | -0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding - basic and diluted | 46,668,862 | 39,772,030 | 33,320,450 | 33,146,334 | 29,161,139 | 21,949,118 | 21,946,508 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 0.125 | 0.125 | 0.125 | 0.125 | 0.125 | 0.125 | 0.125 | 0.024 | 0.097 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net (income) loss attributable to non-controlling interest in consolidated real estate entities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to hudson pacific properties, inc. shareholders | -5,217,000 | -2,638,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to shareholders’ per share - basic and diluted | -0.13 | -0.08 | -0.08 | -0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) on interest rate contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income (income) attributable to non-controlling interest in consolidated real estate entities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to hudson pacific properties, inc. shareholders’ / controlling members’ equity | -2,672,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income (income) attributable to non-controlling members in consolidated real estate entities | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: net income attributable to unitholders in the operating partnership | 188,000 | 299,000 | 141,000 | 21,000 | 256,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to hudson pacific properties, inc. shareholders’ / controlling members' equity | -2,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) of interest rate contracts | -86,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net (income) attributable to preferred stock and units | -2,027,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net (income) attributable to restricted shares | -62,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net (income) loss attributable to non-controlling members in consolidated real estate entities | -813,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to hudson pacific properties, inc. shareholders’ / controlling member’ s equity | -2,510,000 | -516,500 | -172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss) attributable to shareholders’ per share - basic and diluted | -0.11 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to preferred non-controlling partnership interest | -618,000 | -195,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: net income (income) attributable to non-controlling members in consolidated real estate entities | 8,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain of interest rate contracts | -140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before non-controlling interests | -2,847,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net dividends attributable to preferred non-controlling partnership interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: net (income) loss attributable to non-controlling members in consolidated real estate entities | 32,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to hudson pacific properties, inc. shareholders’ / controlling member’s equity | -2,563,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate, at cost | 7,793,299,000 | 7,793,299,000 | 8,233,286,000 | 8,233,286,000 | 8,233,286,000 | 8,233,286,000 | 8,212,896,000 | 8,212,896,000 | 8,212,896,000 | 8,212,896,000 | 8,716,572,000 | 8,716,572,000 | 8,716,572,000 | 8,716,572,000 | 8,361,477,000 | 8,361,477,000 | 8,361,477,000 | 8,361,477,000 | 8,215,017,000 | 8,215,017,000 | 8,215,017,000 | 8,215,017,000 | 7,269,128,000 | 7,269,128,000 | 8,215,017,000 | 7,269,128,000 | 7,059,537,000 | 7,269,128,000 | 7,059,537,000 | 7,059,537,000 | 6,219,361,000 | 7,059,537,000 | 7,059,537,000 | 6,423,441,000 | 6,558,898,000 | 6,423,441,000 | |||||||||||||||||||||||||||
accumulated depreciation and amortization | -1,953,048,000 | -1,953,048,000 | -1,791,108,000 | -1,791,108,000 | -1,791,108,000 | -1,791,108,000 | -1,728,437,000 | -1,728,437,000 | -1,728,437,000 | -1,728,437,000 | -1,541,271,000 | -1,541,271,000 | -1,541,271,000 | -1,541,271,000 | -1,283,774,000 | -1,283,774,000 | -1,283,774,000 | -1,283,774,000 | -1,102,748,000 | -1,102,748,000 | -1,102,748,000 | -1,102,748,000 | -898,279,000 | -898,279,000 | -1,102,748,000 | -898,279,000 | -695,631,000 | -898,279,000 | -695,631,000 | -695,631,000 | -521,370,000 | -695,631,000 | -695,631,000 | -533,498,000 | -504,141,000 | -506,118,000 | -533,498,000 | -419,368,000 | -380,662,000 | -340,262,000 | -302,835,000 | -269,074,000 | -228,828,000 | -181,163,000 | -143,502,000 | -134,657,000 | -133,463,000 | -122,030,000 | -126,483,000 | -116,342,000 | -104,609,000 | -94,775,000 | -90,782,000 | -85,184,000 | -75,892,000 | -68,539,000 | -60,420,000 | -46,235,000 | -39,598,000 | -33,388,000 | -24,222,000 | -21,442,000 | |
investment in real estate | 5,840,251,000 | 5,840,251,000 | 6,442,178,000 | 6,442,178,000 | 6,442,178,000 | 6,442,178,000 | 6,484,459,000 | 6,484,459,000 | 6,484,459,000 | 6,484,459,000 | 7,175,301,000 | 7,175,301,000 | 7,175,301,000 | 7,175,301,000 | 7,077,703,000 | 7,077,703,000 | 7,077,703,000 | 7,077,703,000 | 7,112,269,000 | 7,112,269,000 | 7,112,269,000 | 7,112,269,000 | 6,370,849,000 | 6,370,849,000 | 7,112,269,000 | 6,370,849,000 | 6,363,906,000 | 6,370,849,000 | 6,363,906,000 | 6,363,906,000 | 5,697,991,000 | 6,363,906,000 | 6,363,906,000 | 5,889,943,000 | 6,054,757,000 | 6,331,289,000 | 5,889,943,000 | 6,050,933,000 | 5,734,304,000 | 5,407,455,000 | 5,485,623,000 | 5,500,462,000 | 5,680,971,000 | 5,728,509,000 | 2,062,317,000 | 2,036,638,000 | 2,015,857,000 | 2,005,321,000 | 1,993,945,000 | 1,918,988,000 | 1,893,384,000 | 1,510,822,000 | 1,396,479,000 | 1,390,771,000 | 1,183,757,000 | 1,098,022,000 | 1,001,034,000 | 912,273,000 | 829,284,000 | 832,443,000 | 838,777,000 | 515,812,000 | |
non-real estate property, plant and equipment | 72,397,000 | 72,397,000 | 127,067,000 | 127,067,000 | 127,067,000 | 127,067,000 | 118,783,000 | 118,783,000 | 118,783,000 | 118,783,000 | 130,289,000 | 130,289,000 | 130,289,000 | 130,289,000 | 58,469,000 | 58,469,000 | 58,469,000 | 58,469,000 | 8,444,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 138,358,000 | 138,358,000 | 63,256,000 | 63,256,000 | 63,256,000 | 63,256,000 | 100,391,000 | 100,391,000 | 100,391,000 | 100,391,000 | 255,761,000 | 255,761,000 | 255,761,000 | 255,761,000 | 96,555,000 | 96,555,000 | 96,555,000 | 96,555,000 | 113,686,000 | 113,686,000 | 113,686,000 | 113,686,000 | 46,224,000 | 46,224,000 | 113,686,000 | 46,224,000 | 53,740,000 | 46,224,000 | 53,740,000 | 53,740,000 | 78,922,000 | 53,740,000 | 53,740,000 | 78,922,000 | 87,723,000 | 73,242,000 | 78,922,000 | 83,015,000 | 89,354,000 | 337,400,000 | 57,367,000 | 53,551,000 | 46,668,000 | 40,327,000 | 247,890,000 | 17,753,000 | 69,397,000 | 32,797,000 | 29,063,000 | 30,356,000 | 29,341,000 | 96,330,000 | 141,562,000 | 18,904,000 | 27,288,000 | 102,525,000 | 21,858,000 | 20,715,000 | 86,893,000 | 38,273,000 | 48,875,000 | 40,741,000 | 84,509,000 |
restricted cash | 23,770,000 | 23,770,000 | 35,921,000 | 35,921,000 | 35,921,000 | 35,921,000 | 18,765,000 | 18,765,000 | 18,765,000 | 18,765,000 | 29,970,000 | 29,970,000 | 29,970,000 | 29,970,000 | 100,321,000 | 100,321,000 | 100,321,000 | 100,321,000 | 35,854,000 | 35,854,000 | 35,854,000 | 35,854,000 | 12,034,000 | 12,034,000 | 35,854,000 | 12,034,000 | 14,451,000 | 12,034,000 | 14,451,000 | 14,451,000 | 22,358,000 | 14,451,000 | 14,451,000 | 22,358,000 | 25,784,000 | 17,284,000 | 22,358,000 | 25,177,000 | 22,103,000 | 19,166,000 | 20,011,000 | 18,010,000 | 18,606,000 | 17,319,000 | 16,906,000 | 14,244,000 | 19,650,000 | 17,682,000 | 17,714,000 | 16,750,000 | 17,679,000 | 14,518,000 | 14,321,000 | 14,322,000 | 10,697,000 | 10,241,000 | 10,175,000 | 9,624,000 | 8,184,000 | 9,588,000 | 4,121,000 | 2,217,000 | 2,320,000 |
accounts receivable | 14,923,000 | 14,923,000 | 14,505,000 | 14,505,000 | 14,505,000 | 14,505,000 | 24,609,000 | 24,609,000 | 24,609,000 | 24,609,000 | 16,820,000 | 16,820,000 | 16,820,000 | 16,820,000 | 25,339,000 | 25,339,000 | 25,339,000 | 25,339,000 | 22,105,000 | 22,105,000 | 22,105,000 | 22,105,000 | 13,007,000 | 13,007,000 | 22,105,000 | 13,007,000 | 14,004,000 | 13,007,000 | 14,004,000 | 14,004,000 | 4,234,000 | 14,004,000 | 14,004,000 | 4,363,000 | 5,014,000 | 4,088,000 | 4,363,000 | 6,852,000 | 9,621,000 | 10,550,000 | 16,600,000 | 21,159,000 | 17,309,000 | 12,312,000 | 13,313,000 | 16,247,000 | 14,178,000 | 8,986,000 | 6,673,000 | 8,253,000 | 11,922,000 | 10,188,000 | 13,925,000 | 12,442,000 | 8,833,000 | 10,371,000 | 8,069,000 | 10,758,000 | 11,386,000 | 5,973,000 | 4,478,000 | 3,346,000 | 1,724,000 |
straight-line rent receivables | 195,425,000 | 195,425,000 | 199,748,000 | 199,748,000 | 199,748,000 | 199,748,000 | 220,787,000 | 220,787,000 | 220,787,000 | 220,787,000 | 279,910,000 | 279,910,000 | 279,910,000 | 279,910,000 | 240,306,000 | 240,306,000 | 240,306,000 | 240,306,000 | 225,685,000 | 225,685,000 | 225,685,000 | 225,685,000 | 195,328,000 | 195,328,000 | 225,685,000 | 195,328,000 | 142,369,000 | 195,328,000 | 142,369,000 | 142,369,000 | 106,466,000 | 142,369,000 | 142,369,000 | 109,457,000 | 97,184,000 | 93,093,000 | 109,457,000 | 87,281,000 | 78,282,000 | 70,529,000 | 65,294,000 | 59,636,000 | 56,069,000 | 47,137,000 | 35,812,000 | 33,006,000 | 31,550,000 | 28,585,000 | 24,026,000 | 22,030,000 | 19,601,000 | 16,673,000 | 15,612,000 | 14,165,000 | 14,047,000 | 13,274,000 | 12,364,000 | 8,950,000 | 8,732,000 | 7,579,000 | 6,703,000 | 5,745,000 | 4,279,000 |
deferred leasing costs and intangible assets | 307,390,000 | 307,390,000 | 327,514,000 | 327,514,000 | 327,514,000 | 327,514,000 | 326,950,000 | 326,950,000 | 326,950,000 | 326,950,000 | 393,842,000 | 393,842,000 | 393,842,000 | 393,842,000 | 341,444,000 | 341,444,000 | 341,444,000 | 341,444,000 | 285,836,000 | ||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 333,258,000 | 333,258,000 | 370,826,000 | 370,826,000 | 370,826,000 | 370,826,000 | 376,306,000 | 376,306,000 | 376,306,000 | 376,306,000 | 401,051,000 | 401,051,000 | 401,051,000 | 401,051,000 | 287,041,000 | 287,041,000 | 287,041,000 | 264,880,000 | 264,880,000 | ||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 86,607,000 | 86,607,000 | 90,114,000 | 90,114,000 | 90,114,000 | 90,114,000 | 94,145,000 | 94,145,000 | 94,145,000 | 94,145,000 | 98,837,000 | 98,837,000 | 98,837,000 | 98,837,000 | 119,000,000 | 119,000,000 | 119,000,000 | 119,000,000 | 55,469,000 | 72,667,000 | 72,667,000 | 72,667,000 | 68,974,000 | 68,974,000 | 72,667,000 | 68,974,000 | 55,633,000 | 68,974,000 | 55,633,000 | 55,633,000 | 61,139,000 | 55,633,000 | 55,633,000 | 61,138,000 | 57,360,000 | 32,777,000 | 61,138,000 | 27,153,000 | 40,227,000 | 49,209,000 | 27,401,000 | 27,292,000 | 21,611,000 | 21,853,000 | 273,986,000 | 6,692,000 | 11,576,000 | 5,016,000 | 5,143,000 | 5,170,000 | 6,209,000 | 22,615,000 | 3,330,000 | 4,588,000 | 6,630,000 | 14,234,000 | 13,576,000 | 9,239,000 | 5,641,000 | 4,148,000 | 4,416,000 | 4,451,000 | 9,970,000 |
investment in unconsolidated real estate entities | 246,835,000 | 246,835,000 | 221,468,000 | 221,468,000 | 221,468,000 | 221,468,000 | 252,711,000 | 252,711,000 | 252,711,000 | 252,711,000 | 180,572,000 | 180,572,000 | 180,572,000 | 180,572,000 | 154,731,000 | 154,731,000 | 154,731,000 | 154,731,000 | 82,105,000 | 82,105,000 | 82,105,000 | 82,105,000 | 82,105,000 | ||||||||||||||||||||||||||||||||||||||||
goodwill | 8,754,000 | 8,754,000 | 156,529,000 | 156,529,000 | 156,529,000 | 156,529,000 | 264,144,000 | 264,144,000 | 264,144,000 | 264,144,000 | 263,549,000 | 263,549,000 | 263,549,000 | 263,549,000 | 109,439,000 | 109,439,000 | 109,439,000 | 109,439,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | 8,754,000 | |||||||||||||||||
total assets | 7,267,968,000 | 7,267,968,000 | 8,132,239,000 | 8,132,239,000 | 8,132,239,000 | 8,132,239,000 | 8,282,050,000 | 8,282,050,000 | 8,282,050,000 | 8,282,050,000 | 9,319,140,000 | 9,319,140,000 | 9,319,140,000 | 9,319,140,000 | 8,990,189,000 | 8,990,189,000 | 8,990,189,000 | 8,990,189,000 | 8,350,202,000 | 8,350,202,000 | 8,350,202,000 | 8,350,202,000 | 7,466,568,000 | 7,466,568,000 | 8,350,202,000 | 7,466,568,000 | 7,070,879,000 | 7,466,568,000 | 7,070,879,000 | 7,070,879,000 | 6,622,070,000 | 7,070,879,000 | 7,070,879,000 | 6,622,070,000 | 6,907,090,000 | 6,864,034,000 | 6,622,070,000 | 6,678,998,000 | 6,363,355,000 | 6,276,923,000 | 6,039,119,000 | 6,254,035,000 | 6,254,509,000 | 6,313,130,000 | 2,801,643,000 | 2,340,885,000 | 2,317,449,000 | 2,234,983,000 | 2,216,189,000 | 2,131,274,000 | 2,102,296,000 | 1,829,160,000 | 1,687,329,000 | 1,559,690,000 | 1,344,818,000 | 1,340,177,000 | 1,160,500,000 | 1,064,350,000 | 1,041,798,000 | 993,825,000 | 1,004,576,000 | 623,915,000 | 621,780,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured and secured debt | 3,351,458,000 | 3,351,458,000 | 4,176,844,000 | 4,176,844,000 | 4,176,844,000 | 4,176,844,000 | 3,945,314,000 | 3,945,314,000 | 3,945,314,000 | 3,945,314,000 | 4,585,862,000 | 4,585,862,000 | 4,585,862,000 | 4,585,862,000 | 3,733,903,000 | 3,733,903,000 | 3,733,903,000 | 3,733,903,000 | 3,399,492,000 | 3,399,492,000 | 3,399,492,000 | 3,399,492,000 | 2,817,910,000 | 2,817,910,000 | 3,399,492,000 | 2,817,910,000 | 2,623,835,000 | 2,817,910,000 | 2,623,835,000 | 2,623,835,000 | 2,421,380,000 | 2,623,835,000 | 2,623,835,000 | ||||||||||||||||||||||||||||||
joint venture partner debt | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | 66,136,000 | |||||||||||||||||||||||||||||||
accounts payable, accrued liabilities and other | 209,382,000 | 209,382,000 | 193,861,000 | 193,861,000 | 193,861,000 | 193,861,000 | 203,736,000 | 203,736,000 | 203,736,000 | 203,736,000 | 264,098,000 | 264,098,000 | 264,098,000 | 264,098,000 | 300,959,000 | 300,959,000 | 300,959,000 | 300,959,000 | 235,860,000 | 235,860,000 | 235,860,000 | 235,860,000 | 212,673,000 | 212,673,000 | 235,860,000 | 212,673,000 | 175,300,000 | 212,673,000 | 175,300,000 | 175,300,000 | 162,346,000 | 175,300,000 | 175,300,000 | ||||||||||||||||||||||||||||||
operating lease liabilities | 343,886,000 | 343,886,000 | 380,004,000 | 380,004,000 | 380,004,000 | 380,004,000 | 389,210,000 | 389,210,000 | 389,210,000 | 389,210,000 | 399,801,000 | 399,801,000 | 399,801,000 | 399,801,000 | 293,596,000 | 293,596,000 | 293,596,000 | 270,014,000 | 270,014,000 | ||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities | 17,772,000 | 17,772,000 | 21,838,000 | 21,838,000 | 21,838,000 | 21,838,000 | 27,751,000 | 27,751,000 | 27,751,000 | 27,751,000 | 34,091,000 | 34,091,000 | 34,091,000 | 34,091,000 | 42,290,000 | 42,290,000 | 42,290,000 | 42,290,000 | 49,144,000 | ||||||||||||||||||||||||||||||||||||||||||||
security deposits, prepaid rent and other | 74,369,000 | 74,369,000 | 84,708,000 | 84,708,000 | 84,708,000 | 84,708,000 | 88,734,000 | 88,734,000 | 88,734,000 | 88,734,000 | 83,797,000 | 83,797,000 | 83,797,000 | 83,797,000 | 84,939,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 4,063,003,000 | 4,063,003,000 | 4,954,508,000 | 4,954,508,000 | 4,954,508,000 | 4,954,508,000 | 4,720,881,000 | 4,720,881,000 | 4,720,881,000 | 4,720,881,000 | 5,434,450,000 | 5,434,450,000 | 5,434,450,000 | 5,434,450,000 | 4,653,933,000 | 4,653,933,000 | 4,653,933,000 | 4,653,933,000 | 4,244,533,000 | 4,244,533,000 | 4,244,533,000 | 4,244,533,000 | 3,622,131,000 | 3,622,131,000 | 4,244,533,000 | 3,622,131,000 | 3,117,793,000 | 3,622,131,000 | 3,117,793,000 | 3,117,793,000 | 2,700,929,000 | 3,117,793,000 | 3,117,793,000 | 2,700,929,000 | 2,933,981,000 | 2,869,441,000 | 2,700,929,000 | 2,966,071,000 | 2,706,806,000 | 2,607,124,000 | 2,337,845,000 | 2,514,821,000 | 2,343,376,000 | 2,365,207,000 | 906,743,000 | 1,055,693,000 | 1,018,444,000 | 937,097,000 | 914,193,000 | 1,017,933,000 | 991,763,000 | 705,521,000 | 596,548,000 | 649,993,000 | 424,167,000 | 410,553,000 | 409,967,000 | 354,891,000 | 324,677,000 | 425,719,000 | 390,243,000 | 130,055,000 | 125,899,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable preferred units of the operating partnership | 2,795,000 | 2,795,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 9,815,000 | 10,177,000 | 9,815,000 | 9,815,000 | ||||||||||||||||||||||||||||||
redeemable non-controlling interest in consolidated real estate entities | 50,581,000 | 50,581,000 | 49,279,000 | 49,279,000 | 49,279,000 | 49,279,000 | 57,182,000 | 57,182,000 | 57,182,000 | 57,182,000 | 125,044,000 | 125,044,000 | 125,044,000 | 125,044,000 | 129,449,000 | 129,449,000 | 129,449,000 | 129,449,000 | 127,874,000 | 127,874,000 | 127,874,000 | 127,874,000 | 125,260,000 | 125,260,000 | 127,874,000 | 125,260,000 | 113,141,000 | 125,260,000 | 113,141,000 | 113,141,000 | 113,141,000 | 113,141,000 | |||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hudson pacific properties, inc. stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.750% series c cumulative redeemable preferred stock, 0.01 par value... | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 529,000 | 529,000 | 1,403,000 | 1,403,000 | 1,403,000 | 1,403,000 | 1,403,000 | 1,403,000 | 1,403,000 | 1,403,000 | 1,409,000 | 1,409,000 | 1,409,000 | 1,409,000 | 1,511,000 | 1,511,000 | 1,511,000 | 1,511,000 | 1,514,000 | 1,514,000 | 1,514,000 | 1,514,000 | 1,546,000 | 1,546,000 | 1,514,000 | 1,546,000 | 1,543,000 | 1,546,000 | 1,543,000 | 1,543,000 | 1,556,000 | 1,543,000 | 1,543,000 | 1,556,000 | 1,553,000 | 1,553,000 | 1,556,000 | 1,364,000 | 1,187,000 | 993,000 | 892,000 | 891,000 | 891,000 | 890,000 | 795,000 | 668,000 | 668,000 | 668,000 | 668,000 | 572,000 | 567,000 | 567,000 | 567,000 | 475,000 | |||||||||
additional paid-in capital | 2,548,488,000 | 2,548,488,000 | 2,437,484,000 | 2,437,484,000 | 2,437,484,000 | 2,437,484,000 | 2,651,798,000 | 2,651,798,000 | 2,651,798,000 | 2,651,798,000 | 2,889,967,000 | 2,889,967,000 | 2,889,967,000 | 2,889,967,000 | 3,317,072,000 | 3,317,072,000 | 3,317,072,000 | 3,317,072,000 | 3,469,758,000 | 3,469,758,000 | 3,469,758,000 | 3,469,758,000 | 3,415,808,000 | 3,415,808,000 | 3,469,758,000 | 3,415,808,000 | 3,524,502,000 | 3,415,808,000 | 3,524,502,000 | 3,524,502,000 | 3,622,988,000 | 3,524,502,000 | 3,524,502,000 | 3,622,988,000 | 3,619,940,000 | 3,656,009,000 | 3,622,988,000 | 3,109,394,000 | 2,589,424,000 | 1,998,361,000 | 1,693,930,000 | 1,710,979,000 | 1,730,004,000 | 1,739,088,000 | 1,441,741,000 | 1,070,833,000 | 1,080,862,000 | 1,087,395,000 | 1,093,774,000 | 903,984,000 | 899,251,000 | 904,805,000 | 910,792,000 | 726,605,000 | 730,783,000 | 735,872,000 | 550,873,000 | 556,650,000 | 560,727,000 | 408,911,000 | 411,598,000 | 416,624,000 | 419,014,000 |
accumulated other comprehensive loss | -1,860,000 | -1,860,000 | -8,417,000 | -8,417,000 | -8,417,000 | -187,000 | -187,000 | -11,272,000 | -11,272,000 | -1,761,000 | -1,761,000 | -1,761,000 | -1,761,000 | -8,133,000 | -8,133,000 | -8,133,000 | -8,133,000 | -561,000 | -561,000 | -8,133,000 | -561,000 | -13,639,000 | -16,079,000 | -10,568,000 | -6,531,000 | -3,049,000 | -1,749,000 | -2,313,000 | -1,529,000 | -1,989,000 | -1,177,000 | -1,271,000 | -1,287,000 | -119,000 | -30,000 | ||||||||||||||||||||||||||||
total hudson pacific properties, inc. stockholders’ equity | 2,972,157,000 | 2,972,157,000 | 2,855,470,000 | 2,855,470,000 | 2,855,470,000 | 2,855,470,000 | 3,078,014,000 | 3,078,014,000 | 3,078,014,000 | 3,078,014,000 | 3,305,104,000 | 3,305,104,000 | 3,305,104,000 | 3,305,104,000 | 3,741,822,000 | 3,741,822,000 | 3,741,822,000 | 3,741,822,000 | 3,463,139,000 | 3,463,139,000 | 3,463,139,000 | 3,463,139,000 | 3,416,793,000 | 3,416,793,000 | 3,463,139,000 | 3,416,793,000 | 3,543,546,000 | 3,416,793,000 | 3,543,546,000 | 3,543,546,000 | 3,637,771,000 | 3,543,546,000 | 3,543,546,000 | 3,637,771,000 | 3,646,869,000 | 3,671,114,000 | 3,637,771,000 | 3,103,283,000 | 2,537,545,000 | 1,941,805,000 | 1,641,749,000 | 1,665,834,000 | 1,824,772,000 | 1,847,068,000 | 1,568,884,000 | 1,179,174,000 | 1,192,119,000 | 1,190,400,000 | 1,194,129,000 | 1,003,446,000 | 997,728,000 | 1,009,717,000 | 1,021,715,000 | 840,213,000 | 850,263,000 | 858,746,000 | 679,000,000 | 633,051,000 | 640,145,000 | 490,587,000 | 414,868,000 | 417,059,000 | |
non-controlling interest—members in consolidated real estate entities | 67,869,000 | 67,869,000 | 169,452,000 | 169,452,000 | 169,452,000 | 169,452,000 | 335,439,000 | 335,439,000 | 335,439,000 | 335,439,000 | 377,756,000 | 377,756,000 | 377,756,000 | 377,756,000 | 402,971,000 | 402,971,000 | 402,971,000 | 402,971,000 | 467,009,000 | 467,009,000 | 467,009,000 | 467,009,000 | 467,009,000 | 269,487,000 | 268,246,000 | ||||||||||||||||||||||||||||||||||||||
non-controlling interest—units in the operating partnership | 111,563,000 | 111,563,000 | 93,715,000 | 93,715,000 | 93,715,000 | 93,715,000 | 80,719,000 | 80,719,000 | 80,719,000 | 80,719,000 | 66,971,000 | 66,971,000 | 66,971,000 | 66,971,000 | 52,199,000 | 52,199,000 | 52,199,000 | 52,199,000 | 37,832,000 | 37,832,000 | 37,832,000 | 37,832,000 | 23,082,000 | 23,082,000 | 37,832,000 | 23,082,000 | 18,338,000 | 23,082,000 | 18,338,000 | 18,338,000 | 14,591,000 | 18,338,000 | 18,338,000 | 14,591,000 | 13,952,000 | 13,404,000 | 14,591,000 | 294,859,000 | 840,223,000 | 1,451,411,000 | |||||||||||||||||||||||
total equity | 3,151,589,000 | 3,151,589,000 | 3,118,637,000 | 3,118,637,000 | 3,118,637,000 | 3,118,637,000 | 3,494,172,000 | 3,494,172,000 | 3,494,172,000 | 3,494,172,000 | 3,749,831,000 | 3,749,831,000 | 3,749,831,000 | 3,749,831,000 | 4,196,992,000 | 4,196,992,000 | 4,196,992,000 | 4,196,992,000 | 3,967,980,000 | 3,967,980,000 | 3,967,980,000 | 3,967,980,000 | 3,709,362,000 | 3,709,362,000 | 3,967,980,000 | 3,709,362,000 | 3,830,130,000 | 3,709,362,000 | 3,830,130,000 | 3,830,130,000 | 3,910,964,000 | 3,830,130,000 | 3,830,130,000 | 3,910,964,000 | 3,962,932,000 | 3,984,416,000 | 3,910,964,000 | 3,702,750,000 | 3,646,372,000 | 3,659,622,000 | 3,691,097,000 | 3,729,037,000 | 3,900,956,000 | 3,937,746,000 | 1,884,723,000 | 1,275,015,000 | 1,288,828,000 | 1,287,709,000 | 1,291,819,000 | 1,102,866,000 | 1,098,058,000 | 1,111,164,000 | 1,078,306,000 | 897,222,000 | 908,176,000 | 917,149,000 | 738,058,000 | 696,984,000 | 704,646,000 | 555,631,000 | 561,530,000 | 481,190,000 | 483,406,000 |
total liabilities and equity | 7,267,968,000 | 7,267,968,000 | 8,132,239,000 | 8,132,239,000 | 8,132,239,000 | 8,132,239,000 | 8,282,050,000 | 8,282,050,000 | 8,282,050,000 | 8,282,050,000 | 9,319,140,000 | 9,319,140,000 | 9,319,140,000 | 9,319,140,000 | 8,990,189,000 | 8,990,189,000 | 8,990,189,000 | 8,990,189,000 | 8,350,202,000 | 8,350,202,000 | 8,350,202,000 | 8,350,202,000 | 7,466,568,000 | 7,466,568,000 | 8,350,202,000 | 7,466,568,000 | 7,070,879,000 | 7,466,568,000 | 7,070,879,000 | 7,070,879,000 | 6,622,070,000 | 7,070,879,000 | 7,070,879,000 | 6,622,070,000 | 6,907,090,000 | 6,864,034,000 | 6,622,070,000 | 6,678,998,000 | 6,363,355,000 | 6,276,923,000 | 6,039,119,000 | 6,254,035,000 | 6,254,509,000 | 6,313,130,000 | 2,801,643,000 | 2,340,885,000 | 2,317,449,000 | 2,234,983,000 | 2,216,189,000 | 2,131,274,000 | 2,102,296,000 | 1,829,160,000 | 1,687,329,000 | 1,559,690,000 | 1,344,818,000 | 1,340,177,000 | 1,160,500,000 | 1,064,350,000 | 1,041,798,000 | 993,825,000 | 1,004,576,000 | 623,915,000 | 621,780,000 |
assets associated with real estate held for sale | 83,113,000 | 83,113,000 | 83,113,000 | 83,113,000 | 93,238,000 | 93,238,000 | 93,238,000 | 93,238,000 | 250,520,000 | 250,520,000 | 250,520,000 | 250,520,000 | 411,931,000 | 211,335,000 | 321,437,000 | 211,335,000 | 36,608,000 | 62,323,000 | 52,432,000 | 17,435,000 | 216,395,000 | 68,534,000 | 12,503,000 | 12,768,000 | 53,152,000 | ||||||||||||||||||||||||||||||||||||||
liabilities associated with real estate held for sale | 31,117,000 | 31,117,000 | 31,117,000 | 31,117,000 | 665,000 | 665,000 | 665,000 | 665,000 | 3,898,000 | 3,898,000 | 3,898,000 | 3,898,000 | 4,903,000 | 2,216,000 | 224,032,000 | 2,216,000 | 3,806,000 | 14,542,000 | 5,267,000 | 262,000 | 13,292,000 | 357,000 | 275,000 | 326,000 | 43,214,000 | ||||||||||||||||||||||||||||||||||||||
hudson pacific properties, inc. stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -8,417,000 | -187,000 | -187,000 | -11,272,000 | -11,272,000 | -561,000 | 17,501,000 | 17,501,000 | 17,501,000 | 13,227,000 | 17,501,000 | 17,501,000 | 13,227,000 | 6,465,000 | 5,960,000 | 13,227,000 | 9,496,000 | 2,856,000 | -1,283,000 | 6,000 | |||||||||||||||||||||||||||||||||||||||||||
u.s. government securities | 129,321,000 | 129,321,000 | 129,321,000 | 129,321,000 | 135,115,000 | 135,115,000 | 135,115,000 | 135,115,000 | 140,749,000 | 140,749,000 | 135,115,000 | 140,749,000 | 146,880,000 | 140,749,000 | 146,880,000 | 146,880,000 | 146,880,000 | 146,880,000 | |||||||||||||||||||||||||||||||||||||||||||||
in-substance defeased debt | 128,212,000 | 128,212,000 | 128,212,000 | 128,212,000 | 131,707,000 | 131,707,000 | 131,707,000 | 131,707,000 | 135,030,000 | 135,030,000 | 131,707,000 | 135,030,000 | 138,223,000 | 135,030,000 | 138,223,000 | 138,223,000 | 138,223,000 | 138,223,000 | |||||||||||||||||||||||||||||||||||||||||||||
hudson pacific properties, inc. stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | 425,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 145,000,000 | 87,500,000 | 87,500,000 | ||||||||||||||||||||||||||||||||||||||||||
security deposits and prepaid rent | 84,939,000 | 84,939,000 | 84,939,000 | 92,180,000 | 92,180,000 | 92,180,000 | 92,180,000 | 86,188,000 | 86,188,000 | 92,180,000 | 86,188,000 | 68,687,000 | 86,188,000 | 68,687,000 | 68,687,000 | 62,760,000 | 68,687,000 | 68,687,000 | 64,031,000 | 66,499,000 | 64,031,000 | ||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use asset | 287,041,000 | 264,880,000 | 264,880,000 | 269,029,000 | 269,029,000 | 264,880,000 | 269,029,000 | 269,029,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liability | 293,596,000 | 270,014,000 | 270,014,000 | 272,701,000 | 272,701,000 | 270,014,000 | 272,701,000 | 272,701,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing costs and lease intangible assets | 285,836,000 | 285,836,000 | 285,836,000 | 285,448,000 | 285,448,000 | 285,836,000 | 285,448,000 | 279,896,000 | 285,448,000 | 279,896,000 | 279,896,000 | 239,029,000 | 279,896,000 | 279,896,000 | 244,554,000 | 257,831,000 | 282,272,000 | 244,554,000 | 310,062,000 | 289,682,000 | 293,191,000 | 311,846,000 | 318,031,000 | ||||||||||||||||||||||||||||||||||||||||
lease intangible liabilities | 49,144,000 | 49,144,000 | 49,144,000 | 31,493,000 | 31,493,000 | 49,144,000 | 31,493,000 | 45,612,000 | 31,493,000 | 45,612,000 | 45,612,000 | 49,540,000 | 45,612,000 | 45,612,000 | 49,930,000 | 55,335,000 | 66,438,000 | 49,930,000 | 80,130,000 | 77,081,000 | 77,841,000 | 86,614,000 | 95,208,000 | 114,485,000 | 125,795,000 | ||||||||||||||||||||||||||||||||||||||
investment in unconsolidated real estate entity | 64,926,000 | 64,926,000 | 64,926,000 | 64,926,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest—members in consolidated entities | 269,487,000 | 269,487,000 | 268,246,000 | 269,487,000 | 268,246,000 | 258,602,000 | 268,246,000 | 268,246,000 | 258,602,000 | 302,111,000 | 299,898,000 | 258,602,000 | 304,608,000 | 268,604,000 | 266,406,000 | 264,347,000 | 262,625,000 | 263,707,000 | 262,756,000 | 262,709,000 | 42,990,000 | 43,453,000 | 44,048,000 | 44,224,000 | 45,683,000 | 46,340,000 | 46,883,000 | 1,470,000 | |||||||||||||||||||||||||||||||||||
accumulated deficit | -16,971,000 | -39,427,000 | -41,470,000 | -42,505,000 | -44,955,000 | -44,592,000 | -40,766,000 | -15,603,000 | -34,884,000 | -32,662,000 | -40,350,000 | -43,784,000 | -45,113,000 | -45,101,000 | -39,478,000 | -33,373,000 | -30,580,000 | -24,709,000 | -21,383,000 | -16,245,000 | -10,588,000 | -7,969,000 | -5,930,000 | -3,482,000 | -1,948,000 | -2,177,000 | |||||||||||||||||||||||||||||||||||||
redeemable non-controlling interest in consolidated real estate entity | 41,117,000 | 40,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 2,421,380,000 | 2,424,358,000 | 2,598,780,000 | 2,421,380,000 | 2,688,010,000 | 2,407,943,000 | 2,338,882,000 | 2,080,005,000 | 2,260,716,000 | 2,088,335,000 | 2,119,157,000 | 787,190,000 | 918,059,000 | 920,860,000 | 852,524,000 | 827,438,000 | 931,308,000 | 891,175,000 | 637,118,000 | 530,023,000 | 582,085,000 | 359,454,000 | 350,332,000 | 361,051,000 | 298,672,000 | 275,002,000 | 332,153,000 | 342,060,000 | 94,069,000 | 94,020,000 | |||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 163,107,000 | 162,938,000 | 134,237,000 | 163,107,000 | 120,572,000 | 132,140,000 | 104,156,000 | 97,964,000 | 84,048,000 | 90,096,000 | 75,205,000 | 61,735,000 | 36,844,000 | 35,642,000 | 20,294,000 | 22,545,000 | 27,511,000 | 39,270,000 | 17,528,000 | 21,696,000 | 18,833,000 | 22,882,000 | 13,924,000 | 14,448,000 | 18,753,000 | 12,484,000 | 15,492,000 | 11,507,000 | 10,746,000 | 5,860,000 | |||||||||||||||||||||||||||||||||
derivative liabilities | 265,000 | 819,000 | 987,000 | 265,000 | 1,303,000 | 22,413,000 | 26,478,000 | 17,664,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.25% series a cumulative redeemable preferred units of the operating partnership | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,177,000 | 10,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,475,000 | 12,670,000 | 12,475,000 | |||||||||||||||||||||||||||||||||
accumulated income | 18,911,000 | 7,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 1,413,269,000 | 1,281,809,000 | 1,252,484,000 | 1,252,484,000 | 1,274,600,000 | 1,283,751,000 | 1,373,794,000 | 1,399,207,000 | 620,805,000 | 620,805,000 | 622,880,000 | 622,880,000 | 622,880,000 | 581,842,000 | 581,842,000 | 507,823,000 | 493,211,000 | 493,211,000 | 464,693,000 | 387,890,000 | 368,608,000 | 349,783,000 | 329,231,000 | 329,231,000 | 329,630,000 | 204,213,000 | 204,213,000 | ||||||||||||||||||||||||||||||||||||
building and improvements | 4,765,915,000 | 4,502,235,000 | 4,256,406,000 | 3,937,522,000 | 4,008,819,000 | 3,964,630,000 | 4,071,345,000 | 4,103,152,000 | 1,302,802,000 | 1,284,602,000 | 1,322,314,000 | 1,299,038,000 | 1,292,169,000 | 1,260,161,000 | 1,257,236,000 | 965,946,000 | 869,409,000 | 867,268,000 | 696,003,000 | 688,735,000 | 601,645,000 | 529,375,000 | 473,228,000 | 472,087,000 | 469,407,000 | 296,713,000 | 259,294,000 | ||||||||||||||||||||||||||||||||||||
tenant improvements | 403,359,000 | 373,778,000 | 335,205,000 | 305,947,000 | 297,255,000 | 293,131,000 | 280,079,000 | 272,779,000 | 120,273,000 | 116,317,000 | 109,656,000 | 103,623,000 | 112,848,000 | 108,802,000 | 93,932,000 | 84,721,000 | 80,272,000 | 79,966,000 | 68,213,000 | 67,684,000 | 69,716,000 | 59,657,000 | 51,398,000 | 49,739,000 | 47,538,000 | 21,118,000 | 19,113,000 | ||||||||||||||||||||||||||||||||||||
furniture and fixtures | 7,230,000 | 4,276,000 | 4,277,000 | 4,082,000 | 4,397,000 | 9,586,000 | 9,653,000 | 9,952,000 | 9,957,000 | 13,721,000 | 13,818,000 | 14,694,000 | 14,491,000 | 14,396,000 | 14,386,000 | 14,408,000 | 14,354,000 | 11,548,000 | 11,660,000 | 11,624,000 | 11,546,000 | 11,475,000 | 11,496,000 | 11,431,000 | 11,411,000 | 11,919,000 | 11,248,000 | ||||||||||||||||||||||||||||||||||||
property under development | 247,634,000 | 308,203,000 | 266,594,000 | 247,682,000 | 203,387,000 | 218,438,000 | 174,928,000 | 124,582,000 | 151,982,000 | 135,850,000 | 80,652,000 | 87,116,000 | 78,040,000 | 70,129,000 | 50,597,000 | 32,699,000 | 30,015,000 | 23,962,000 | 19,080,000 | 10,628,000 | 9,939,000 | 8,218,000 | 3,529,000 | 3,343,000 | 7,904,000 | 6,071,000 | 4,973,000 | ||||||||||||||||||||||||||||||||||||
total real estate held for investment | 6,837,407,000 | 6,470,301,000 | 6,114,966,000 | 5,747,717,000 | 5,788,458,000 | 5,769,536,000 | 5,909,799,000 | 5,909,672,000 | 2,205,819,000 | 2,171,295,000 | 2,149,320,000 | 2,127,351,000 | 2,120,428,000 | 2,035,330,000 | 1,997,993,000 | 1,605,597,000 | 1,487,261,000 | 1,475,955,000 | 1,259,649,000 | 1,166,561,000 | 1,061,454,000 | 958,508,000 | 868,882,000 | 865,831,000 | 865,890,000 | 540,034,000 | 509,378,000 | ||||||||||||||||||||||||||||||||||||
derivative assets | 5,858,000 | 5,935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entities | 15,377,000 | 37,228,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
security deposits | 35,655,000 | 31,495,000 | 25,537,000 | 24,148,000 | 22,364,000 | 21,302,000 | 21,839,000 | 21,100,000 | 6,179,000 | 6,257,000 | 6,411,000 | 5,803,000 | 6,147,000 | 6,022,000 | 6,083,000 | 5,671,000 | 6,262,000 | 5,997,000 | 5,974,000 | 6,215,000 | 6,136,000 | 5,703,000 | 5,443,000 | 5,221,000 | 5,052,000 | 4,275,000 | 3,976,000 | ||||||||||||||||||||||||||||||||||||
prepaid rent | 33,344,000 | 40,755,000 | 27,150,000 | 30,352,000 | 32,972,000 | 38,245,000 | 19,650,000 | 21,909,000 | 9,606,000 | 8,600,000 | 11,328,000 | 12,187,000 | 10,565,000 | 7,651,000 | 6,705,000 | 8,719,000 | 9,216,000 | 11,518,000 | 7,143,000 | 9,982,000 | 6,829,000 | 12,470,000 | 12,666,000 | 11,656,000 | 10,559,000 | 8,839,000 | 9,706,000 | ||||||||||||||||||||||||||||||||||||
retained earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | 28,788,000 | 28,684,000 | 28,580,000 | 28,476,000 | 28,372,000 | 28,268,000 | 28,112,000 | 4,000,000 | 4,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entity | 28,705,000 | 28,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling common units in the operating partnership | 1,785,001,000 | 1,800,578,000 | 1,812,477,000 | 1,827,922,000 | 53,130,000 | 52,851,000 | 53,256,000 | 53,261,000 | 53,466,000 | 53,737,000 | 53,990,000 | 54,564,000 | 55,121,000 | 55,549,000 | 57,913,000 | 58,403,000 | 59,058,000 | 63,933,000 | |||||||||||||||||||||||||||||||||||||||||||||
interest rate contracts | 2,061,000 | 8,689,000 | 3,000 | 15,000 | 14,000 | 33,000 | 192,000 | 87,000 | 123,000 | 64,000 | 71,000 | 92,000 | 172,000 | 437,000 | 202,000 | 631,000 | 1,020,000 | 71,000 | 112,000 | 78,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive deficit | -1,081,000 | -2,443,000 | -997,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing costs and lease intangibles | 353,080,000 | 381,370,000 | 103,022,000 | 102,023,000 | 109,476,000 | 107,919,000 | 110,042,000 | 112,204,000 | 107,041,000 | 88,893,000 | 81,729,000 | 83,498,000 | 74,389,000 | 77,784,000 | 78,940,000 | 78,943,000 | 77,031,000 | 81,295,000 | 85,241,000 | 39,317,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred finance costs | 22,861,000 | 18,384,000 | 11,271,000 | 8,723,000 | 8,884,000 | 7,406,000 | 8,028,000 | 8,577,000 | 8,278,000 | 7,092,000 | 7,553,000 | 8,175,000 | 6,331,000 | 4,800,000 | 5,293,000 | 4,892,000 | 5,262,000 | 4,752,000 | 3,532,000 | ||||||||||||||||||||||||||||||||||||||||||||
below-market leases | 39,169,000 | 40,969,000 | 42,935,000 | 44,806,000 | 46,853,000 | 45,441,000 | 47,667,000 | 35,216,000 | 29,351,000 | 31,560,000 | 28,714,000 | 30,100,000 | 21,503,000 | 19,293,000 | 19,082,000 | 20,049,000 | 20,994,000 | 12,014,000 | 12,259,000 | ||||||||||||||||||||||||||||||||||||||||||||
liabilities associated with real estate sold | 361,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
obligations associated with real estate held for sale | 113,000 | 170,000 | 1,269,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest - members in consolidated entities | 1,460,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 472,000 | 472,000 | 340,000 | 336,000 | 336,000 | 225,000 | 224,000 | 222,000 | 222,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive (deficit) income | -1,215,000 | -968,000 | -847,000 | -449,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling unitholders in the operating partnership | 64,501,000 | 65,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b cumulative redeemable preferred stock | 87,500,000 | 87,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation | -27,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 3,211,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
members’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total hudson pacific properties, inc. stockholders’ and members' equity | 495,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
members in consolidated real estate entities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unitholders in the operating partnership | 65,684,000 | 66,322,000 | 66,347,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land improvements | 10,537,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investment in real estate | 487,936,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease intangibles | 22,288,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -50,904,000 | -280,174,000 | -144,086,000 | -87,760,000 | -80,278,000 | -173,481,000 | -107,013,000 | -47,557,000 | -53,355,000 | -35,753,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 80,722,000 | 93,046,000 | 94,085,000 | 94,751,000 | 93,085,000 | 89,101,000 | 86,672,000 | 86,798,000 | 91,854,000 | 103,192,000 | 98,580,000 | 96,518,000 | 93,070,000 | 91,438,000 | 92,193,000 | 88,107,000 | 88,568,000 | 84,178,000 | 82,761,000 | 77,351,000 | 75,052,000 | 73,516,000 | 73,763,000 | 74,196,000 | 69,781,000 | 69,606,000 | 68,505,000 | 67,520,000 | 62,224,000 | 60,706,000 | 60,553,000 | 66,230,000 | 71,158,000 | 75,415,000 | 70,767,000 | 67,197,000 | 67,414,000 | 66,108,000 | 68,368,000 | 74,126,000 | 80,195,000 | 73,592,000 | 17,158,000 | 20,243,000 | 17,361,000 | 17,944,000 | 16,668,000 | 16,994,000 | 20,256,000 | 14,697,000 | 18,905,000 | 17,602,000 | 13,582,000 | 13,708,000 | 12,132,000 | 11,036,000 | 10,626,000 | 11,361,000 | 5,927,000 | 4,317,000 |
non-cash interest expense | 1,492,000 | 1,934,000 | 2,572,000 | 5,272,000 | 4,458,000 | 1,842,000 | 1,987,000 | 1,994,000 | 1,915,000 | 2,477,000 | 4,485,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of share/unit-based compensation | 1,941,000 | 3,792,000 | 3,578,000 | 17,889,000 | 5,140,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
straight-line rents | -4,963,000 | 9,455,000 | -849,000 | -3,945,000 | -92,000 | 1,059,000 | 10,801,000 | 142,000 | 3,102,000 | 10,547,000 | 2,863,000 | -4,557,000 | -6,330,000 | -12,722,000 | -14,899,000 | -6,299,000 | -2,482,000 | -5,982,000 | -7,132,000 | 825,000 | -5,046,000 | -12,427,000 | -13,709,000 | -13,357,000 | -11,133,000 | -11,834,000 | -16,635,000 | -10,656,000 | -7,667,000 | -7,937,000 | -9,942,000 | -14,464,000 | -9,393,000 | -8,147,000 | 2,366,000 | -9,681,000 | -8,117,000 | -5,623,000 | -5,658,000 | |||||||||||||||||||||
straight-line rent expense | 1,266,000 | 1,078,000 | 1,063,000 | 1,343,000 | 731,000 | 2,046,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of above- and below-market leases | -1,004,000 | -1,005,000 | -1,012,000 | -1,016,000 | -866,000 | -1,026,000 | -1,196,000 | -1,282,000 | -1,421,000 | -1,471,000 | -1,525,000 | -1,639,000 | -1,701,000 | -1,953,000 | -2,739,000 | -3,134,000 | -3,023,000 | -2,740,000 | -2,518,000 | -2,178,000 | -2,450,000 | -2,463,000 | -2,544,000 | -2,917,000 | -2,810,000 | -2,930,000 | -4,179,000 | -7,322,000 | -3,229,000 | -3,231,000 | -3,811,000 | -3,736,000 | -3,921,000 | -4,673,000 | -5,732,000 | -5,930,000 | -4,502,000 | -4,451,000 | -4,851,000 | |||||||||||||||||||||
amortization of above- and below-market ground leases | 641,000 | 651,000 | 651,000 | 651,000 | 662,000 | 662,000 | 662,000 | 687,000 | 687,000 | 687,000 | 668,000 | 589,000 | 587,000 | 588,000 | 587,000 | 588,000 | 588,000 | 615,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of lease incentive costs | 2,813,000 | 2,689,000 | 1,838,000 | 1,393,000 | 667,000 | 641,000 | 518,000 | 361,000 | 139,000 | 223,000 | 289,000 | 323,000 | 359,000 | 431,000 | 432,000 | 458,000 | 475,000 | 477,000 | 475,000 | 478,000 | 466,000 | 499,000 | 472,000 | 504,000 | 498,000 | 443,000 | 326,000 | 429,000 | 348,000 | 384,000 | 303,000 | 406,000 | 382,000 | 379,000 | 379,000 | 371,000 | 362,000 | 327,000 | 328,000 | 154,000 | 145,000 | 144,000 | 138,000 | 179,000 | 113,000 | 80,000 | 53,000 | -1,000 | 0 | 15,000 | 22,000 | 23,000 | 23,000 | 22,000 | 23,000 | 23,000 | 22,000 | 339,000 | ||
loss from unconsolidated real estate entities | 437,000 | -2,136,000 | 744,000 | 205,000 | 1,254,000 | 3,219,000 | 2,481,000 | 743,000 | 759,000 | -635,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on non-real estate investments | 1,962,000 | 663,000 | 2,098,000 | -212,000 | 449,000 | 934,000 | 1,081,000 | 1,045,000 | 898,000 | 851,000 | 2,265,000 | 378,000 | 894,000 | -827,000 | -5,018,000 | -5,775,000 | ||||||||||||||||||||||||||||||||||||||||||||
loss on sale of non-real estate property, plant and equipment | 264,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 6,751,000 | 207,000 | 1,637,000 | 1,858,000 | 10,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | 0 | 16,000 | -10,023,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 280,844,000 | 0 | 0 | 18,476,000 | 113,121,000 | 0 | 4,795,000 | 3,250,000 | 20,503,000 | 0 | 0 | 0 | 0 | 52,201,000 | 0 | 145,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred tax benefit | -7,000 | -8,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 802,000 | -843,000 | -839,000 | -1,137,000 | 2,989,000 | 772,000 | 3,304,000 | 5,768,000 | 596,000 | -3,280,000 | -409,000 | 3,147,000 | 3,259,000 | 13,877,000 | -4,133,000 | -1,003,000 | -1,098,000 | 3,243,000 | 2,381,000 | -7,969,000 | 115,000 | -1,311,000 | 67,000 | 2,425,000 | -1,627,000 | 4,164,000 | -4,263,000 | -2,199,000 | -5,598,000 | -1,275,000 | -1,782,000 | 280,000 | -1,528,000 | -1,473,000 | 4,650,000 | 2,567,000 | 2,520,000 | 5,589,000 | 4,412,000 | -4,338,000 | -5,006,000 | 650,000 | 2,960,000 | -2,450,000 | -4,951,000 | -2,291,000 | 2,317,000 | 3,213,000 | -1,872,000 | 3,730,000 | -1,514,000 | -3,844,000 | 1,557,000 | -2,374,000 | 458,000 | 413,000 | -5,975,000 | -1,583,000 | -1,964,000 | -1,931,000 |
deferred leasing costs and lease intangibles | -22,652,000 | -29,559,000 | -8,165,000 | -13,658,000 | -12,307,000 | -13,524,000 | -6,730,000 | -7,271,000 | -3,925,000 | -3,574,000 | -2,952,000 | -14,387,000 | -9,746,000 | -6,008,000 | -3,799,000 | -8,135,000 | -2,829,000 | -2,768,000 | -6,099,000 | -3,509,000 | -1,674,000 | -3,954,000 | -4,139,000 | -10,576,000 | -19,292,000 | -3,102,000 | -13,675,000 | -22,646,000 | -10,805,000 | -15,221,000 | -6,614,000 | -8,974,000 | -8,054,000 | -8,581,000 | -6,635,000 | -8,866,000 | -8,885,000 | -20,305,000 | -5,420,000 | -8,208,000 | -11,866,000 | -1,900,000 | -757,000 | -6,968,000 | -3,722,000 | -819,000 | -10,773,000 | -4,164,000 | -3,203,000 | -6,073,000 | -1,817,000 | -1,716,000 | -1,332,000 | -631,000 | -1,200,000 | -841,000 | -826,000 | |||
prepaid expenses and other assets | 8,459,000 | 8,112,000 | -545,000 | -17,092,000 | 895,000 | 5,984,000 | -409,000 | -19,901,000 | 7,675,000 | 8,053,000 | 5,100,000 | 8,688,000 | 2,292,000 | -3,152,000 | -10,068,000 | -14,004,000 | -3,766,000 | -15,861,000 | 962,000 | 8,469,000 | -3,496,000 | -13,036,000 | -1,054,000 | -948,000 | -5,136,000 | -7,852,000 | 2,771,000 | -2,348,000 | 2,620,000 | -6,563,000 | 3,313,000 | 3,233,000 | 2,873,000 | -4,801,000 | -1,072,000 | -2,304,000 | 874,000 | -4,947,000 | -935,000 | -2,327,000 | -846,000 | -8,324,000 | -5,535,000 | 1,930,000 | -3,493,000 | -26,000 | -13,000 | 961,000 | -3,447,000 | 475,000 | 1,208,000 | 2,410,000 | -1,153,000 | -677,000 | -257,000 | -2,213,000 | 35,000 | 224,000 | 148,000 | -893,000 |
accounts payable, accrued liabilities and other | 16,307,000 | -38,706,000 | 12,077,000 | -8,695,000 | 14,700,000 | -41,152,000 | 28,076,000 | 7,087,000 | 10,340,000 | -40,252,000 | 14,144,000 | -51,616,000 | 45,084,000 | -3,714,000 | 21,964,000 | -55,773,000 | 30,434,000 | -8,129,000 | 33,430,000 | -43,362,000 | 38,144,000 | -11,251,000 | 28,162,000 | -40,899,000 | 31,168,000 | -5,071,000 | 33,004,000 | |||||||||||||||||||||||||||||||||
security deposits, prepaid rent and other | 6,709,000 | -1,444,000 | -7,547,000 | 8,330,000 | -11,244,000 | 5,433,000 | -2,999,000 | -3,107,000 | -1,687,000 | 1,754,000 | -7,580,000 | -3,822,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 44,292,000 | 59,304,000 | 33,177,000 | -2,040,000 | 30,536,000 | 162,000 | 63,745,000 | 35,622,000 | 65,128,000 | 9,218,000 | 71,355,000 | 40,952,000 | 138,407,000 | 94,688,000 | 95,454,000 | 29,351,000 | 112,581,000 | 58,236,000 | 114,695,000 | 54,142,000 | 110,406,000 | 47,386,000 | 90,098,000 | 54,411,000 | 87,884,000 | 56,270,000 | 89,446,000 | 16,746,000 | 95,361,000 | 38,072,000 | 64,447,000 | 53,355,000 | 98,568,000 | 48,139,000 | 92,897,000 | 22,848,000 | 89,048,000 | 48,814,000 | 58,897,000 | 53,711,000 | 57,594,000 | 36,426,000 | 27,125,000 | 4,822,000 | 22,455,000 | 16,490,000 | 19,401,000 | -2,385,000 | 12,941,000 | 15,886,000 | 15,105,000 | 3,131,000 | 17,289,000 | 10,415,000 | 11,986,000 | 13,607,000 | 2,913,000 | 11,567,000 | 4,198,000 | 1,738,000 |
capital expenditures | -3,952,000 | -6,195,000 | -5,322,000 | -5,818,000 | -4,736,000 | -4,748,000 | -7,951,000 | -5,289,000 | -5,075,000 | -1,291,000 | -2,799,000 | -7,138,000 | -6,746,000 | -2,667,000 | -3,658,000 | -4,042,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 40,340,000 | 53,109,000 | 27,855,000 | -7,858,000 | 25,800,000 | -4,586,000 | 55,794,000 | 30,333,000 | 60,053,000 | 7,927,000 | 68,556,000 | 33,814,000 | 131,661,000 | 92,021,000 | 91,796,000 | 25,309,000 | 112,581,000 | 58,236,000 | 114,695,000 | 54,142,000 | 110,406,000 | 47,386,000 | 90,098,000 | 54,411,000 | 87,884,000 | 56,270,000 | 89,446,000 | 16,746,000 | 95,361,000 | 38,072,000 | 64,447,000 | 53,355,000 | 98,568,000 | 48,139,000 | 92,897,000 | 22,848,000 | 89,048,000 | 48,814,000 | 58,897,000 | 53,711,000 | 57,594,000 | 36,426,000 | 27,125,000 | 4,822,000 | 22,455,000 | 16,490,000 | 19,401,000 | -2,385,000 | 12,941,000 | 15,886,000 | 15,105,000 | 3,131,000 | 17,289,000 | 10,415,000 | 11,986,000 | 13,607,000 | 2,913,000 | 11,567,000 | 4,198,000 | 1,738,000 |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate | 148,022,000 | 0 | 25,018,000 | 63,233,000 | 675,976,000 | 66,604,000 | 93,172,000 | 130,543,000 | 0 | 0 | 81,707,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
additions to investment in real estate | -24,405,000 | -33,622,000 | -38,375,000 | -37,140,000 | -48,634,000 | -43,264,000 | -44,805,000 | -73,350,000 | -57,406,000 | -60,872,000 | -52,733,000 | -80,097,000 | -95,121,000 | -95,884,000 | -139,614,000 | -90,237,000 | -79,058,000 | -85,778,000 | -94,658,000 | -94,615,000 | ||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated real estate entities | -5,775,000 | -3,530,000 | -5,496,000 | -4,827,000 | -4,487,000 | -6,085,000 | -11,176,000 | -9,559,000 | -20,933,000 | -12,715,000 | -20,704,000 | -21,315,000 | -3,874,000 | -6,970,000 | -7,922,000 | -2,487,000 | -64,773,000 | -7,886,000 | -439,000 | |||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated real estate entities | 407,000 | 3,333,000 | 459,000 | 0 | 378,000 | 156,000 | 633,000 | 0 | 808,000 | 184,000 | 461,000 | 422,000 | 408,000 | 338,000 | ||||||||||||||||||||||||||||||||||||||||||||||
additions to non-real estate property, plant and equipment | -3,952,000 | -6,195,000 | -5,322,000 | -5,818,000 | -4,736,000 | -4,748,000 | -7,951,000 | -5,289,000 | -5,075,000 | -1,291,000 | -2,799,000 | -7,138,000 | -6,746,000 | -2,667,000 | -3,658,000 | -4,042,000 | ||||||||||||||||||||||||||||||||||||||||||||
contributions to non-real estate investments | -589,000 | -1,279,000 | -781,000 | -945,000 | -1,303,000 | -3,000,000 | -2,020,000 | -372,000 | -547,000 | -732,000 | -845,000 | -2,318,000 | -2,817,000 | -1,440,000 | -10,534,000 | -1,867,000 | -2,016,000 | -6,299,000 | -2,215,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -34,314,000 | 106,941,000 | -56,018,000 | -24,023,000 | 15,945,000 | -54,783,000 | -74,726,000 | -49,670,000 | -71,360,000 | 592,346,000 | -31,094,000 | -42,667,000 | -231,173,000 | -31,985,000 | -72,269,000 | -193,606,000 | -356,555,000 | -106,833,000 | -97,214,000 | -701,640,000 | -138,346,000 | -88,757,000 | -78,101,000 | -109,163,000 | 62,790,000 | -141,769,000 | -128,267,000 | -335,079,000 | -64,756,000 | -125,990,000 | 133,492,000 | 51,441,000 | -74,798,000 | -257,769,000 | -51,912,000 | -304,916,000 | -380,223,000 | 2,028,000 | 158,214,000 | -55,880,000 | 6,218,000 | -1,544,070,000 | -203,967,000 | -79,644,000 | -39,631,000 | -26,407,000 | -100,679,000 | -33,577,000 | -321,848,000 | -49,075,000 | -19,542,000 | -221,506,000 | -89,569,000 | -100,421,000 | -11,974,000 | -62,158,000 | -4,584,000 | -3,652,000 | -185,489,000 | -43,753,000 |
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured and secured debt | 0 | 285,000,000 | 512,000,000 | 494,000,000 | 44,017,000 | 24,383,000 | 14,341,000 | 98,000,000 | 44,000,000 | 75,000,000 | 219,305,000 | 588,924,000 | 153,481,000 | 235,846,000 | 146,148,000 | 1,217,502,000 | 33,875,000 | 52,975,000 | 345,263,000 | 938,467,000 | 38,144,000 | 415,040,000 | 480,646,000 | 40,000,000 | 265,000,000 | 430,001,000 | ||||||||||||||||||||||||||||||||||
payments of unsecured and secured debt | -2,500,000 | -208,750,000 | -316,800,000 | -999,962,000 | -484,705,000 | -8,000,000 | 0 | -20,000,000 | -10,000,000 | -686,632,000 | -133,000,000 | -85,000,000 | -325,247,000 | -792,343,000 | -154,000 | -159,000 | -154,000 | -849,649,000 | -300,146,000 | -148,000 | -380,145,000 | -145,141,000 | -150,138,000 | -335,145,000 | ||||||||||||||||||||||||||||||||||||
payments of loan costs | -1,966,000 | -6,700,000 | -12,000 | -12,065,000 | 13,000 | -13,000 | -6,965,000 | -1,331,000 | -1,327,000 | -812,000 | -522,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
transaction costs | -82,000 | -26,000 | -609,000 | 0 | 0 | 0 | -359,000 | -138,000 | -76,000 | -11,000 | 26,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
redemption of series a preferred units | 0 | -3,099,000 | -2,500,000 | -1,421,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to common stock and unitholders | -557,000 | 2,000 | 0 | 0 | -353,000 | 0 | 0 | -7,508,000 | -7,869,000 | 0 | 0 | -36,039,000 | -36,040,000 | -36,406,000 | -36,942,000 | -38,647,000 | -38,745,000 | -38,742,000 | -38,426,000 | -38,370,000 | -38,853,000 | -38,890,000 | -38,883,000 | -39,129,000 | -39,132,000 | -39,919,000 | -29,350,000 | -29,350,000 | -29,317,000 | -29,802,000 | ||||||||||||||||||||||||||||||
dividends paid to preferred stock and unitholders | -5,091,000 | -5,091,000 | -5,100,000 | -5,168,000 | -5,193,000 | -5,353,000 | -5,047,000 | -5,200,000 | -5,200,000 | -5,200,000 | -5,200,000 | -5,200,000 | -5,200,000 | -5,200,000 | -7,724,000 | -159,000 | -159,000 | -159,000 | -159,000 | |||||||||||||||||||||||||||||||||||||||||
contributions from non-controlling members in consolidated real estate entities | 2,597,000 | 4,360,000 | 19,683,000 | 6,936,000 | 2,989,000 | 14,468,000 | 6,403,000 | 8,481,000 | 4,704,000 | 4,949,000 | 7,326,000 | 7,448,000 | 784,000 | 12,833,000 | 2,624,000 | 0 | 9,702,000 | 0 | 15,016,000 | |||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling members in consolidated real estate entities | -3,955,000 | -6,941,000 | -3,521,000 | -6,959,000 | -4,789,000 | -5,191,000 | -5,316,000 | -4,612,000 | -14,085,000 | -5,063,000 | -15,471,000 | -15,960,000 | -7,023,000 | -34,148,000 | -15,215,000 | -20,326,000 | -63,508,000 | -14,646,000 | -12,082,000 | |||||||||||||||||||||||||||||||||||||||||
payments to satisfy tax withholding obligations | -78,000 | 0 | -42,000 | 0 | -195,000 | -76,000 | -447,000 | 0 | -48,000 | -1,000 | 0 | -1,513,000 | 0 | 0 | -693,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -9,666,000 | -218,564,000 | -29,839,000 | 159,264,000 | -11,732,000 | 39,863,000 | 24,976,000 | -19,584,000 | 20,648,000 | -576,502,000 | -73,970,000 | 83,378,000 | -18,729,000 | 55,079,000 | -22,280,000 | 140,894,000 | 319,266,000 | 24,209,000 | 2,312,000 | 392,765,000 | 375,342,000 | -305,876,000 | 333,863,000 | 43,671,000 | -142,882,000 | 80,975,000 | 36,701,000 | 323,286,000 | -33,354,000 | 78,925,000 | -224,239,000 | -117,023,000 | -789,000 | 159,289,000 | -8,310,000 | 275,729,000 | 43,129,000 | 229,191,000 | -213,295,000 | 9,052,000 | -57,471,000 | 1,300,081,000 | 406,979,000 | 23,178,000 | 53,776,000 | 13,651,000 | 79,985,000 | 36,977,000 | 241,918,000 | -12,043,000 | 127,095,000 | 209,991,000 | -2,957,000 | 170,673,000 | 8,141,000 | -17,627,000 | 50,291,000 | -18,517,000 | 189,425,000 | -1,230,000 |
net increase in cash and cash equivalents and restricted cash | 312,000 | -52,319,000 | -52,680,000 | 133,201,000 | 34,749,000 | 14,416,000 | 25,062,000 | -33,709,000 | 81,663,000 | -111,495,000 | 117,782,000 | 905,000 | -23,361,000 | 19,793,000 | -254,733,000 | 345,860,000 | 4,953,000 | -26,300,000 | -12,227,000 | 22,981,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash—beginning of period | 162,128,000 | 0 | 0 | 0 | 99,177,000 | 0 | 0 | 0 | 119,156,000 | 0 | 0 | 0 | 0 | 0 | 196,876,000 | 0 | 0 | 0 | 149,540,000 | 0 | 0 | 0 | 58,258,000 | 0 | 0 | 0 | 68,191,000 | 0 | 0 | 0 | 101,280,000 | 0 | 0 | |||||||||||||||||||||||||||
cash and cash equivalents and restricted cash—end of period | 162,440,000 | -52,319,000 | -52,680,000 | 133,201,000 | 133,926,000 | -14,758,000 | 13,995,000 | -33,632,000 | 133,572,000 | 25,062,000 | -33,709,000 | 81,663,000 | -111,495,000 | 117,782,000 | 197,781,000 | -23,361,000 | 75,292,000 | -24,388,000 | 169,333,000 | -254,733,000 | 347,402,000 | -347,247,000 | 404,118,000 | 7,792,000 | -4,524,000 | 66,071,000 | -2,749,000 | -8,993,000 | 74,980,000 | -12,227,000 | 22,981,000 | |||||||||||||||||||||||||||||
amortization of above- and below-market ground lease | 615,000 | 615,000 | 591,000 | 592,000 | 624,000 | 417,000 | 618,000 | 833,000 | 637,000 | 556,000 | 534,000 | 535,000 | 535,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate | -80,048,000 | 1,984,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on deconsolidation of real estate entity | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from insurance proceeds | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax provision | -1,709,000 | 9,000 | -2,109,000 | 2,231,000 | 6,060,000 | -367,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnout liability fair value adjustment | -1,283,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to investment property | -73,273,000 | -92,973,000 | -81,519,000 | -103,512,000 | -77,650,000 | -77,321,000 | -71,251,000 | -76,225,000 | -75,432,000 | -79,174,000 | -49,697,000 | -54,415,000 | -55,879,000 | -45,090,000 | -38,986,000 | -30,635,000 | -44,144,000 | -27,648,000 | -26,407,000 | -25,099,000 | -33,577,000 | -14,953,000 | -19,081,000 | -19,542,000 | -13,483,000 | -3,648,000 | -6,945,000 | -3,074,000 | -3,486,000 | -3,009,000 | -3,652,000 | -4,150,000 | -1,742,000 | |||||||||||||||||||||||||||
insurance proceeds for damaged property, plant and equipment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash disposed on deconsolidation of real estate entity | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired from consolidation of previously unconsolidated real estate entity | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received for investment tax credits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from non-real estate investments | 0 | 0 | 1,163,000 | 0 | 40,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of non-real estate investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of earnout liability | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fees for prepayments of notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of pre-funded warrants | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | 0 | 0 | 0 | -2,518,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of common units in the operating partnership | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from redeemable non-controlling members in consolidated real estate entities | 1,800,000 | 1,350,000 | 900,000 | 0 | 200,000 | 250,000 | 125,000 | 231,000 | 2,719,000 | 74,000 | 1,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions to redeemable non-controlling members in consolidated real estate entities | -8,000 | 0 | -8,000 | 0 | -7,000 | -3,917,000 | -74,151,000 | -3,750,000 | -8,000 | 0 | -8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
purchase of non-controlling interest | -82,000 | 0 | 0 | -40,937,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fee for prepayment of notes payable | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of stock-based compensation | 6,563,000 | 5,961,000 | 6,918,000 | 6,567,000 | 6,776,000 | 5,540,000 | 6,480,000 | 6,494,000 | 5,993,000 | 5,329,000 | 5,445,000 | 5,840,000 | 6,340,000 | 3,538,000 | 8,314,000 | 4,791,000 | 4,723,000 | 4,895,000 | 4,088,000 | 5,176,000 | 5,067,000 | 5,150,000 | 4,109,000 | 4,292,000 | 4,289,000 | 4,338,000 | 3,842,000 | 3,449,000 | 3,886,000 | 3,902,000 | 4,213,000 | 3,288,000 | 3,301,000 | 3,342,000 | 2,034,000 | 2,003,000 | 2,149,000 | 2,512,000 | 1,792,000 | 1,978,000 | 1,277,000 | 1,480,000 | ||||||||||||||||||
income from unconsolidated real estate entities | 788,000 | 352,000 | -1,780,000 | -303,000 | -566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of income from unconsolidated real estate entities | -718,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisitions | -16,000 | -8,473,000 | -291,535,000 | -40,986,000 | 0 | 0 | -322,226,000 | -1,000 | -40,000,000 | -38,000,000 | 0 | 0 | -75,580,000 | 0 | -379,889,000 | -208,023,000 | -90,821,000 | |||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses | -1,236,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of u.s. government securities | 0 | 0 | 127,144,000 | 2,156,000 | 776,000 | 2,113,000 | 1,565,000 | 1,324,000 | 1,535,000 | 1,296,000 | 1,541,000 | 1,284,000 | 1,531,000 | 510,000 | 2,253,000 | 1,932,000 | ||||||||||||||||||||||||||||||||||||||||||||
payments of in-substance defeased debt | 0 | -126,397,000 | -897,000 | -918,000 | -892,000 | -866,000 | -857,000 | -879,000 | -853,000 | -827,000 | -818,000 | -825,000 | -816,000 | -790,000 | -781,000 | -806,000 | ||||||||||||||||||||||||||||||||||||||||||||
payment of loan costs | -10,623,000 | -5,312,000 | -9,286,000 | -3,647,000 | -398,000 | -2,377,000 | 61,000 | -9,000 | -704,000 | -2,268,000 | -1,945,000 | -34,000 | -1,075,000 | -15,000 | -1,029,000 | -3,117,000 | 0 | -924,000 | ||||||||||||||||||||||||||||||||||||||||||
accelerated share repurchase | 0 | 0 | 0 | -200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of non-real estate investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | 13,995,000 | -4,524,000 | -2,120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
straight-line rent expenses | 1,005,000 | 1,033,000 | 1,337,000 | 952,000 | 422,000 | 422,000 | 342,000 | 342,000 | 371,000 | 366,000 | 366,000 | 365,000 | 366,000 | 365,000 | 366,000 | 366,000 | 365,000 | 366,000 | 343,000 | 106,000 | 126,000 | 136,000 | 137,000 | 136,000 | -221,000 | 381,000 | 137,000 | 136,000 | ||||||||||||||||||||||||||||||||
net income | -5,656,000 | -6,792,000 | 3,546,000 | -7,615,000 | 16,753,000 | -6,182,000 | 7,030,000 | 11,411,000 | -3,168,000 | -1,362,000 | 7,011,000 | 13,949,000 | 16,963,000 | 62,955,000 | 12,823,000 | -36,895,000 | 19,257,000 | 20,270,000 | 19,691,000 | 52,563,000 | 48,944,000 | 14,510,000 | 6,954,000 | 24,153,000 | 28,530,000 | 5,217,000 | 4,035,000 | 5,976,000 | -2,745,000 | -1,828,000 | -36,083,000 | 24,574,000 | 885,000 | 11,415,000 | 6,689,000 | 4,533,000 | 3,269,000 | -2,752,000 | -3,428,000 | 317,000 | -2,971,000 | -274,000 | -2,229,000 | 468,000 | -803,000 | -210,000 | 93,000 | -531,000 | 28,000 | |||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series c cumulative redeemable preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash portion of interest expense | 3,646,000 | 3,463,000 | 3,395,000 | 3,390,000 | 2,955,000 | 2,673,000 | 2,418,000 | 2,417,000 | 2,282,000 | 4,768,000 | 1,244,000 | 1,245,000 | 1,836,000 | 1,388,000 | 1,443,000 | 1,591,000 | 1,438,000 | 1,434,000 | 1,435,000 | 1,658,000 | ||||||||||||||||||||||||||||||||||||||||
unrealized gain on non-real estate investments | -1,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of non-controlling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on derivatives | -4,531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of income from unconsolidated entities | 295,000 | 393,000 | 479,000 | 565,000 | 700,000 | 172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
security deposits and prepaid rent | 2,378,000 | -4,634,000 | 7,649,000 | -5,143,000 | -6,140,000 | -1,647,000 | 16,193,000 | 554,000 | 2,024,000 | -12,779,000 | 21,713,000 | 2,686,000 | -7,463,000 | 564,000 | 4,518,000 | -1,767,000 | 7,000 | 559,000 | -1,798,000 | |||||||||||||||||||||||||||||||||||||||||
unrealized loss on non-real estate investment | 128,000 | -513,000 | 2,267,000 | 581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of real estate | 0 | 0 | -3,735,000 | -1,928,000 | -37,674,000 | -28,708,000 | 0 | 0 | -16,866,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deposits for property acquisitions | 0 | 0 | 15,084,000 | -35,584,000 | 0 | -56,323,000 | 6,870,000 | 260,148,000 | -261,648,000 | 0 | -8,900,000 | -1,510,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | -14,756,000 | -26,738,000 | -18,124,000 | 0 | -35,351,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of operating partnership units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to series a preferred unitholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to preferred unitholders | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -153,000 | -159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock, net of transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of redeemable non-controlling members in consolidated real estate entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash adjustments | 320,000 | 163,000 | -370,000 | 256,000 | 285,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of u.s. government securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from joint venture partner debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated real estate entity | 105,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate | 204,343,000 | 13,195,000 | 237,004,000 | 0 | 71,226,000 | 212,629,000 | 0 | 89,808,000 | -636,000 | 88,316,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated entities | 500,000 | 49,000 | 24,000 | -1,452,000 | 2,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated entities | -528,000 | -110,000 | -351,000 | -55,000 | 0 | 0 | 0 | -1,071,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of redeemable non-controlling member in consolidated real estate entities | 1,800,000 | 95,000 | 2,456,000 | 7,646,000 | 866,000 | 2,075,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of redeemable non-controlling member in consolidated real estate entities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of non-controlling member in consolidated real estate entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to non-controlling member in consolidated real estate entities | -2,723,000 | -4,100,000 | -2,768,000 | -2,156,000 | -2,198,000 | -4,028,000 | -326,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to satisfy tax withholding | 0 | 0 | -5,501,000 | -4,016,000 | 0 | 0 | -3,668,000 | -4,076,000 | 0 | 0 | -693,000 | -11,838,000 | 0 | 0 | -4,203,000 | |||||||||||||||||||||||||||||||||||||||||||||
payment of loan costs, net loan premium paid | -10,974,000 | 0 | -4,000 | -3,156,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated real estate entity | 236,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated entity | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated entity | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | -34,000 | -173,000 | -142,000 | 15,000 | -166,000 | 647,675,000 | 569,067,000 | 586,305,000 | 0 | 0 | 17,000 | 385,572,000 | 0 | 0 | 0 | 197,468,000 | 12,654,000 | 0 | 0 | 189,888,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||
contribution of redeemable non-controlling member in consolidated real estate entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of redeemable non-controlling member in consolidated real estate entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of non-controlling member in consolidated real estate entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to non-controlling member in consolidated real estate entity | -267,000 | -322,000 | -491,000 | -933,000 | -457,000 | -854,000 | -115,000 | -1,416,000 | -735,000 | -24,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash— end of the period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated real estate investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common units in the operating partnership | 0 | 0 | -525,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated real estate investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to common stock and unit-holders | -40,427,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to preferred unit-holders | -153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -36,632,000 | 36,114,000 | -12,633,000 | -33,000 | -15,213,000 | 28,356,000 | -6,074,000 | 12,378,000 | -37,212,000 | 27,167,000 | 2,535,000 | 3,084,000 | -17,469,000 | 13,973,000 | 8,393,000 | 13,445,000 | -13,280,000 | 18,944,000 | 536,000 | -3,086,000 | -15,817,000 | 13,681,000 | -2,033,000 | 5,126,000 | -9,278,000 | 9,387,000 | 541,000 | 3,904,000 | 6,749,000 | -3,605,000 | 6,155,000 | -231,000 | 2,395,000 | |||||||||||||||||||||||||||
proceeds from repayment of notes receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for u.s. government securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for redemption of common units in the operating partnership | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to common stock and unitholders | -39,354,000 | -39,354,000 | -39,351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to preferred unitholders | -153,000 | -153,000 | -159,000 | -159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from redeemable non-controlling member in consolidated entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution from non-controlling member in consolidated real estate entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling member in consolidated entities | -1,024,000 | -1,028,000 | -1,060,000 | -59,467,000 | -778,000 | -14,281,000 | -310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable | 120,000,000 | 130,000,000 | 496,660,000 | 40,000,000 | 361,000,000 | 280,000,000 | 806,071,000 | 60,461,000 | 1,367,836,000 | 319,000 | 116,086,000 | 240,099,000 | 39,944,000 | 52,843,000 | 75,566,000 | 360,641,000 | 28,000 | 8,692,000 | 233,738,000 | 10,000,000 | 0 | 83,000,000 | 33,000,000 | 144,500,000 | 100,000,000 | 111,117,000 | -403,000 | |||||||||||||||||||||||||||||||||
payments of notes payable | -131,000 | -308,529,000 | -500,634,000 | -622,000 | -20,628,000 | -300,642,000 | -80,601,000 | -210,590,000 | -386,510,000 | -210,906,000 | -614,215,000 | -90,846,000 | -35,433,000 | -173,200,000 | -75,872,000 | -171,197,000 | -14,292,000 | -156,147,000 | -34,867,000 | -105,976,000 | -715,000 | -60,564,000 | -10,917,000 | -686,000 | -10,529,000 | -121,629,000 | -43,491,000 | -201,413,000 | -109,617,000 | 0 | 403,000 | |||||||||||||||||||||||||||||
contributions from non-controlling member in consolidated entities | 0 | 2,691,000 | 0 | 0 | 3,767,000 | 103,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of capitalized interest | 26,127,000 | 12,915,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities for real estate investments | -22,922,000 | 20,462,000 | -3,313,000 | -6,928,000 | 3,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of investment in unconsolidated entities for real estate investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for redemption of common units in the operating partnership | -310,855,000 | -569,826,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of series b preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to preferred stock and unitholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs and loan premium | 1,185,000 | 1,187,000 | 1,186,000 | 1,186,000 | 1,144,000 | 1,263,000 | 871,000 | 1,821,000 | 1,010,000 | 1,407,000 | 508,000 | 314,000 | 457,000 | 99,000 | 79,000 | 65,000 | -41,000 | 164,000 | 298,000 | 250,000 | 232,000 | 340,000 | 304,000 | 379,000 | 282,000 | 86,000 | ||||||||||||||||||||||||||||||||||
deposit for property acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceed from repayment of notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to common stockholders and unitholders | -39,245,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest including amounts capitalized | 5,390,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt (recovery) expense | 219,000 | -44,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of discount and net origination fees on purchased and originated loans | 0 | 0 | -104,000 | -104,000 | -104,000 | -104,000 | -104,000 | -104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on ineffective portion of derivative instruments | -194,000 | -879,000 | 384,000 | 2,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
security deposits | 2,636,000 | 1,031,000 | -4,048,000 | 9,888,000 | 3,784,000 | 430,000 | 95,000 | 739,000 | 14,921,000 | -404,000 | 96,000 | 527,000 | -344,000 | 206,000 | -61,000 | -899,000 | 195,000 | 265,000 | 23,000 | -355,000 | 79,000 | 485,000 | 260,000 | 222,000 | 169,000 | 154,000 | 43,000 | |||||||||||||||||||||||||||||||||
prepaid rent | -1,435,000 | -6,344,000 | 11,055,000 | -2,924,000 | -2,495,000 | -6,319,000 | 19,647,000 | -2,259,000 | 12,303,000 | 1,540,000 | -2,663,000 | -877,000 | 1,620,000 | 2,934,000 | 946,000 | -2,024,000 | -487,000 | -2,302,000 | 4,375,000 | -2,839,000 | 3,153,000 | -3,966,000 | -196,000 | 1,010,000 | 1,097,000 | 994,000 | -867,000 | |||||||||||||||||||||||||||||||||
bad debt expense | 545,000 | -25,000 | 537,000 | -265,000 | 44,000 | 229,000 | -447,000 | 38,000 | 83,000 | 783,000 | 208,000 | -63,000 | 31,000 | 235,000 | 83,000 | -30,000 | 436,000 | 215,000 | 562,000 | 88,000 | ||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on ineffective portion of derivative instruments | -6,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 7,177,000 | -3,074,000 | -2,937,000 | 845,000 | -2,001,000 | 596,000 | -1,287,000 | -413,000 | 177,000 | 2,567,000 | -1,968,000 | 32,000 | -964,000 | 929,000 | -3,161,000 | 3,038,000 | 1,000 | -3,625,000 | -456,000 | -66,000 | -654,000 | -1,440,000 | 1,404,000 | -5,467,000 | -443,000 | 625,000 | ||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 32,675,000 | -6,339,000 | -248,046,000 | 280,033,000 | 3,816,000 | 6,883,000 | 6,341,000 | -207,563,000 | 230,137,000 | -51,644,000 | 36,600,000 | 3,734,000 | -1,293,000 | 1,015,000 | -66,989,000 | -45,232,000 | 122,658,000 | -8,384,000 | -75,237,000 | 80,667,000 | 8,153,000 | -66,178,000 | 48,620,000 | -10,602,000 | 8,134,000 | -43,245,000 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 83,015,000 | 0 | 0 | 53,551,000 | 0 | 0 | 17,753,000 | 0 | 0 | 0 | 30,356,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 115,690,000 | -248,046,000 | 280,033,000 | 57,367,000 | 6,341,000 | -207,563,000 | 247,890,000 | -51,644,000 | 36,600,000 | 3,734,000 | 29,063,000 | 1,015,000 | -66,989,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized | 16,172,000 | 5,623,000 | 5,331,000 | 5,410,000 | 4,122,000 | 4,354,000 | 4,700,000 | 4,424,000 | 4,098,000 | 4,005,000 | 1,365,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gains from sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of notes receivable | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of 6.25% series a cumulative redeemable preferred units | 0 | 0 | 0 | -298,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from non-controlling member in consolidated real estate entities | 33,893,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling member in consolidated real estate entities | -313,000 | -327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains from sale of real estate | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to satisfy minimum tax withholding | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issuance transaction costs | -183,000 | -32,000 | 296,000 | -5,050,000 | -925,000 | -21,000 | -73,000 | -580,000 | -185,000 | 0 | -87,000 | -305,000 | -242,000 | -378,000 | -571,000 | |||||||||||||||||||||||||||||||||||||||||||||
straight-line expenses | 529,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of real estate | -6,352,000 | -8,371,000 | 591,000 | -22,691,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceed from notes payable | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions by members | 103,000 | -1,355,000 | 219,150,000 | 469,000 | 8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment to satisfy minimum tax withholding | -1,683,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of stock based compensation | 1,786,000 | 1,726,000 | 1,014,000 | 1,196,000 | 849,000 | 1,153,000 | 691,000 | 593,000 | 720,000 | 390,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
straight-line rent receivables | -5,355,000 | -9,248,000 | -11,325,000 | -3,464,000 | -3,532,000 | -2,536,000 | -4,609,000 | -2,685,000 | -2,751,000 | -2,930,000 | -3,254,000 | -1,448,000 | -119,000 | -773,000 | -910,000 | -1,563,000 | -218,000 | -1,153,000 | -876,000 | -958,000 | -1,466,000 | |||||||||||||||||||||||||||||||||||||||
amortization of above-market leases | 3,783,000 | 4,489,000 | 3,892,000 | 370,000 | 483,000 | 433,000 | 452,000 | 658,000 | 543,000 | 634,000 | 675,000 | 690,000 | 1,021,000 | 815,000 | 931,000 | 990,000 | 795,000 | 846,000 | 841,000 | 522,000 | 355,000 | |||||||||||||||||||||||||||||||||||||||
amortization of below-market leases | -10,095,000 | -8,393,000 | -14,305,000 | -1,814,000 | -1,840,000 | -1,871,000 | -2,048,000 | -1,902,000 | -2,227,000 | -2,216,000 | -1,918,000 | -2,209,000 | -2,230,000 | -2,081,000 | -1,652,000 | -1,358,000 | -946,000 | -967,000 | -934,000 | -398,000 | -348,000 | |||||||||||||||||||||||||||||||||||||||
amortization of ground lease intangible | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease intangibles | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to common stock and unit holders | -29,138,000 | -18,226,000 | -18,224,000 | -10,287,000 | -8,932,000 | -8,679,000 | -8,679,000 | -8,676,000 | -7,446,000 | -7,388,000 | -7,388,000 | -7,385,000 | -6,207,000 | -6,209,000 | -6,224,000 | -4,559,000 | -4,523,000 | -4,524,000 | -3,132,000 | |||||||||||||||||||||||||||||||||||||||||
dividends paid to preferred stock and unit holders | -2,486,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,195,000 | -3,200,000 | -3,200,000 | -3,231,000 | -3,231,000 | -3,231,000 | -3,231,000 | -3,231,000 | -3,231,000 | -3,231,000 | -2,027,000 | -2,027,000 | -2,027,000 | |||||||||||||||||||||||||||||||||||||||||
repurchase of vested restricted stock | -3,295,000 | 1,000 | -84,000 | -1,750,000 | -2,106,000 | 0 | -882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents-end of period | 80,667,000 | 21,858,000 | -66,178,000 | 48,620,000 | 38,273,000 | 8,134,000 | -43,768,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of ground lease | 515,000 | 515,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 61,000 | 62,000 | 62,000 | 62,000 | 61,000 | 62,000 | 62,000 | 62,000 | 62,000 | 80,000 | 48,000 | ||||||||||||||||||||||||||||||||||||||||||
series b stock issuance transaction costs | 0 | -5,000 | 0 | -1,865,000 | 0 | 0 | -600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of discount and net origination fees on notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain / loss on real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series b cumulative redeemable preferred stock | 0 | 0 | 0 | 57,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) / income from sale of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from private placement of common stock | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of non-controlling member in consolidated real estate entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of noncash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities for investment in property | 790,000 | 2,489,000 | -4,162,000 | 380,000 | 2,759,000 | 272,000 | -265,000 | -230,000 | 2,196,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - beginning of period | 18,904,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - end of period | 141,562,000 | -8,384,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on interest rate contract | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to members | 0 | 0 | -79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of non-controlling interest in consolidated real estate entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities for distributions to members | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acqusition of non-controlling member in consolidated real estate entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents-beginning of period | 0 | 13,705,000 | 0 | 0 | 48,875,000 | 0 | -523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of asset | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of lot | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of properties | -181,339,000 | -42,011,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of lot | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock and series b issuance transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of non-controlling members interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 352,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of certain transaction costs, of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of certain transaction costs, of 6,935 |