Hudson Pacific Properties, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a)

of the Securities Exchange Act of 1934

(Amendment No. )

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Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

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Check the appropriate box:

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Preliminary Proxy Statement

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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

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Definitive Proxy Statement

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Definitive Additional Materials

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Soliciting Material Under § 240.14a-12

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Hudson Pacific Properties, Inc.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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No fee required

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Fee paid previously with preliminary materials.

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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a- 6(i)(1) and 0-11

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DEAR FELLOW STOCKHOLDER:

On behalf of the Board of Directors of Hudson Pacific Properties, Inc., I invite you to attend our Annual Meeting of Stockholders on Wednesday, May 14, 2025 at 9:00 a.m. (PDT). The meeting will be held at our headquarters, located at 11601 Wilshire Boulevard, Ninth Floor, Los Angeles, California 90025.

Throughout 2024 our team remained focused on our strategic priorities: driving office and studio leasing, executing on property sales, continued cost containment and strengthening our balance sheet. We have had many successes on all fronts, and we remain committed to additional progress in 2025 on our multifaceted plan to reinvigorate earnings growth.

We ended 2024 with office leasing nearly 20% higher year-over-year, as we delivered over 2 million square feet of signed leases. We successfully completed two of our three under-construction development projects, Washington 1000 in Seattle and Sunset Glenoaks Studios in Los Angeles, and are progressing on our Sunset Pier 94 Studios development in Manhattan.

Even in a challenging transaction environment, since December of last year, we have sold three non-core office assets for a total of $94 million. All net proceeds from these sales went toward reducing leverage, and we are pursuing an additional approximately $125 million of dispositions in 2025.

We are encouraged by several favorable trends in our core industries and markets. Across all our markets, gross leasing is reaching post-pandemic highs, sublease availability is improving, and, with virtually no new construction, supply for quality office space is constrained. AI acceleration continues to be a driver of growth, and, especially with most AI companies being office-first, we expect this to further propel leasing for the Bay Area. More broadly, we continue to see later stage tech startups turn their attention back to growth and fundraising after years of cost cutting.

On the studio front, production picked up modestly throughout 2024, following the resolution of the unprecedented dual studio union strike in late 2023. This year will be pivotal for the film and television industry in Los Angeles, bolstered by a groundswell of support to increase filming locally, including the governor’s proposal to more than double the current tax credit incentive. Following the tragic wildfires in Los Angeles, we have seen new interest from high-quality scripted productions, another indication of potential further recovery in the back half of this year.

I am confident as I look forward that our platform and portfolio will be well positioned to create stockholder value over the long term. We thank you for your continued support of Hudson Pacific.

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NOTICE OF 2025 ANNUAL MEETING OF STOCKHOLDERS

Please join us for the 2025 Annual Meeting of Stockholders of Hudson Pacific Properties, Inc., a Maryland corporation. The meeting will be held at 9:00 a.m. (PDT), on Wednesday, May 14, 2025 at 11601 Wilshire Boulevard, Ninth Floor, Los Angeles, California 90025.

At the 2025 Annual Meeting of Stockholders, our stockholders will consider and vote on the following matters:

The election of 10 directors, each to serve until the next annual meeting of our stockholders and until his or her successor is duly elected and qualifies;

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The approval of the Amended and Restated Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan;

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The ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025;

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The advisory approval of the Company’s executive compensation for the fiscal year ended December 31, 2024, as more fully disclosed in the accompanying Proxy Statement; and

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Any other business properly introduced at the Annual Meeting or any adjournment or postponement of the Annual Meeting.

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You must own shares of Hudson Pacific Properties, Inc. common stock at the close of business on March 21, 2025, the record date for the 2025 Annual Meeting of Stockholders, or hold a proxy from such a record holder, to attend and vote at the Annual Meeting or at any adjournments or postponements of the Annual Meeting. If you plan to attend, please bring a picture I.D. and, if your shares are held in “street name” ​(i.e., through a broker, bank or other nominee), a copy of a brokerage statement reflecting your stock ownership as of the close of business on March 21, 2025. If your shares are held in “street name,” you will also need a duly authorized proxy from your broker, bank or other nominee to vote your shares at the Annual Meeting. Regardless of whether you will attend, please authorize your proxy electronically through the Internet or by telephone, or by completing and mailing your proxy card so that your votes can be cast at the Annual Meeting in accordance with your instructions. For specific instructions on authorizing a proxy, please refer to your proxy card. Authorizing a proxy in any of these ways will not prevent you from voting at the 2025 Annual Meeting of Stockholders if you are a stockholder of record as of the record date for the Annual Meeting or if you hold a proxy from a record holder.

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