Hudson Pacific Properties, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
HPP$8.96-4.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, and
CONSOLIDATED BALANCE SHEETS
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Investment in real estate, at cost | $7,793,299 | $8,233,286 |
| Accumulated depreciation and amortization | (1,953,048) | (1,791,108) |
| Investment in real estate, net | 5,840,251 | 6,442,178 |
| Non-real estate property, plant and equipment, net | 72,397 | 127,067 |
| Cash and cash equivalents | 138,358 | 63,256 |
| Restricted cash | 23,770 | 35,921 |
| Accounts receivable, net | 14,923 | 14,505 |
| Straight-line rent receivables, net | 195,425 | 199,748 |
| Deferred leasing costs and intangible assets, net | 307,390 | 327,514 |
| Operating lease right-of-use assets | 333,258 | 370,826 |
| Prepaid expenses and other assets, net | 86,607 | 90,114 |
| Investment in unconsolidated real estate entities | 246,835 | 221,468 |
| Goodwill | 8,754 | 156,529 |
| Assets associated with real estate held for sale | — | 83,113 |
| TOTAL ASSETS | $7,267,968 | $8,132,239 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Unsecured and secured debt, net | $3,351,458 | $4,176,844 |
| Joint venture partner debt | 66,136 | 66,136 |
| Accounts payable, accrued liabilities and other | 209,382 | 193,861 |
| Operating lease liabilities | 343,886 | 380,004 |
| Intangible liabilities, net | 17,772 | 21,838 |
| Security deposits, prepaid rent and other | 74,369 | 84,708 |
| Liabilities associated with real estate held for sale | — | 31,117 |
| Total liabilities | 4,063,003 | 4,954,508 |
| Commitments and contingencies (Note 21) | ||
| Redeemable preferred units of the operating partnership | 2,795 | 9,815 |
| Redeemable non-controlling interest in consolidated real estate entities | 50,581 | 49,279 |
| 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, 2025 and 2024 | 425,000 | 425,000 |
| Common stock, $0.01 par value, 103,200,000 authorized and 54,227,096 shares outstanding at December 31, 2025; 68,800,000 authorized and 20,182,702 shares outstanding at December 31, 2024 | 529 | 1,403 |
| Additional paid-in capital | 2,548,488 | 2,437,484 |
| Accumulated other comprehensive loss | (1,860) | (8,417) |
| Total Hudson Pacific Properties, Inc. stockholders’ equity | 2,972,157 | 2,855,470 |
| Non-controlling interest—members in consolidated real estate entities | 67,869 | 169,452 |
| Non-controlling interest—units in the operating partnership | 111,563 | 93,715 |
| Total equity | 3,151,589 | 3,118,637 |
| TOTAL LIABILITIES AND EQUITY | $7,267,968 | $8,132,239 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.