Hudson Pacific Properties Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
HPP$8.96-4.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, and
CONSOLIDATED BALANCE SHEETS
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Investment in real estate, at cost | $8,233,286 | $8,212,896 |
| Accumulated depreciation and amortization | (1,791,108) | (1,728,437) |
| Investment in real estate, net | 6,442,178 | 6,484,459 |
| Non-real estate property, plant and equipment, net | 127,067 | 118,783 |
| Cash and cash equivalents | 63,256 | 100,391 |
| Restricted cash | 35,921 | 18,765 |
| Accounts receivable, net | 14,505 | 24,609 |
| Straight-line rent receivables, net | 199,748 | 220,787 |
| Deferred leasing costs and intangible assets, net | 327,514 | 326,950 |
| Operating lease right-of-use assets | 370,826 | 376,306 |
| Prepaid expenses and other assets, net | 90,114 | 94,145 |
| Investment in unconsolidated real estate entities | 221,468 | 252,711 |
| Goodwill | 156,529 | 264,144 |
| Assets associated with real estate held for sale | 83,113 | — |
| TOTAL ASSETS | $8,132,239 | $8,282,050 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Unsecured and secured debt, net | $4,176,844 | $3,945,314 |
| Joint venture partner debt | 66,136 | 66,136 |
| Accounts payable, accrued liabilities and other | 193,861 | 203,736 |
| Operating lease liabilities | 380,004 | 389,210 |
| Intangible liabilities, net | 21,838 | 27,751 |
| Security deposits, prepaid rent and other | 84,708 | 88,734 |
| Liabilities associated with real estate held for sale | 31,117 | — |
| Total liabilities | 4,954,508 | 4,720,881 |
| Commitments and contingencies (Note 21) | ||
| Redeemable preferred units of the operating partnership | 9,815 | 9,815 |
| Redeemable non-controlling interest in consolidated real estate entities | 49,279 | 57,182 |
| Equity | ||
| Hudson Pacific Properties, Inc. stockholders’ equity: | ||
| 4.750% Series C cumulative redeemable preferred stock, $0.01 par value, $25.00 per share liquidation preference, 18,400,000 authorized, 17,000,000 shares outstanding at December 31, 2024 and 2023 | 425,000 | 425,000 |
| Common stock, $0.01 par value, 481,600,000 authorized, 141,279,102 and 141,034,806 shares outstanding at December 31, 2024 and 2023, respectively | 1,403 | 1,403 |
| Additional paid-in capital | 2,437,484 | 2,651,798 |
| Accumulated other comprehensive loss | (8,417) | (187) |
| Total Hudson Pacific Properties, Inc. stockholders’ equity | 2,855,470 | 3,078,014 |
| Non-controlling interest—members in consolidated real estate entities | 169,452 | 335,439 |
| Non-controlling interest—units in the operating partnership | 93,715 | 80,719 |
| Total equity | 3,118,637 | 3,494,172 |
| TOTAL LIABILITIES AND EQUITY | $8,132,239 | $8,282,050 |
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