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Hudson Pacific Properties, Inc.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

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Contents

ITEM 15. Exhibits, Financial Statement Schedules

(a)(1) and (2)Financial Statements and Schedules

The following consolidated financial information is included as a separate section of this Annual Report on Form 10-K:

FINANCIAL STATEMENTS OF HUDSON PACIFIC PROPERTIES, INC.
Report of Management on Internal Control Over Financial Reporting1
Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting2
Report of Independent Registered Public Accounting Firm (PCAOB ID: Ernst & Young LLP (42))3
Consolidated Balance Sheets as of December 31, 2025 and 20245
Consolidated Statements of Operations for the Years Ended December 31, 2025, 2024 and 20236
Consolidated Statements of Comprehensive Loss for the Years Ended December 31, 2025, 2024 and 20237
Consolidated Statements of Equity for the Years Ended December 31, 2025, 2024 and 20238
Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024 and 202310
FINANCIAL STATEMENTS OF HUDSON PACIFIC PROPERTIES, L.P.
Report of Independent Registered Public Accounting Firm (PCAOB ID: Ernst & Young LLP (42))11
Consolidated Balance Sheets as of December 31, 2025 and 202413
Consolidated Statements of Operations for the Years Ended December 31, 2025, 2024 and 202314
Consolidated Statements of Comprehensive Loss for the Years Ended December 31, 2025, 2024 and 202315
Consolidated Statements of Capital for the Years Ended December 31, 2025, 2024 and 202316
Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024 and 202317
Notes to Consolidated Financial Statements18
Schedule III - Real Estate and Accumulated Depreciation55

All other schedules are omitted since the required information is not present in amounts sufficient to require submission of the schedule or because the information required is included in the financial statements and notes thereto.

(3)Exhibits

Incorporated by Reference
Exhibit No.DescriptionFormFile No.Exhibit No.Filing Date
3.1Articles of Amendment and Restatement of Hudson Pacific Properties, Inc.S-11/A333-1649163.1May 12, 2010
3.2Form of Articles Supplementary of Hudson Pacific Properties, Inc.S-11/A333-1707513.3December 6, 2010
3.3Articles of Amendment.8-K001-347893.1June 13, 2025
3.4Certificate of Amendment to Certificate of Incorporation (Reverse Stock Split)8-K001-347893.1December 1, 2025
3.5Certificate of Amendment to Certificate of Incorporation (Par Value Adjustment)8-K001-347893.2December 1, 2025
3.6Certificate of Amendment to Certificate of Incorporation (Reduction in Authorized Shares)8-K001-347893.3December 1, 2025
3.7Second Amended and Restated Bylaws of Hudson Pacific Properties, Inc.8-K001-347893.1January 12, 2015
3.8First Amendment to the Second Amended and Restated Bylaws of Hudson Pacific Properties, Inc.8-K001-347893.1March 22, 2022
3.9Sixth Amended and Restated Agreement of Limited Partnership of Hudson Pacific Properties, L.P.8-K001-347893.4December 1, 2025
3.10Certificate of Limited Partnership of Hudson Pacific Properties, L.P.10-Q001-347893.4November 4, 2016
3.11Articles Supplementary designating the Series C Preferred Stock of Hudson Pacific Properties, Inc.8-K001-347893.1November 16, 2021
4.1Form of Certificate of Common Stock of Hudson Pacific Properties, Inc.S-11/A333-1649164.1June 14, 2010
4.2Indenture, dated October 2, 2017, among Hudson Pacific Properties, L.P., and U.S. Bank National Association.8-K001-347894.1October 2, 2017
4.3Supplemental Indenture No. 1, dated October 2, 2017, among Hudson Pacific Properties, L.P., Hudson Pacific Properties, Inc. and U.S. Bank National Association.8-K001-347894.2October 2, 2017
4.4Supplemental Indenture No. 2, dated as of February 27, 2019, among Hudson Pacific Properties, L.P., as issuer, Hudson Pacific Properties, Inc., as guarantor, and U.S. Bank National Association, as trustee, including the form of 4.650% Senior Notes due 2029 and the guarantee.10-Q001-3478910.1May 7, 2019
4.5Supplemental Indenture No. 3, dated as of October 3, 2019, among Hudson Pacific Properties, L.P., as issuer, Hudson Pacific Properties, Inc., as guarantor, and U.S. Bank National Association, as trustee, including the form of 3.250% Senior Notes due 2030 and the guarantee.8-K001-347894.2October 3, 2019
4.6Description of Registrant's Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934.10-K001-347894.6February 18, 2022
4.7Supplemental Indenture No. 4, dated as of September 15, 2022, among Hudson Pacific Properties, L.P., as issuer, Hudson Pacific Properties, Inc., as guarantor, and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee, including the form of 5.950% Senior Notes due 2028 and the guarantee.8-K001-347894.2September 15, 2022
10.1Registration Rights Agreement among Hudson Pacific Properties, Inc. and the persons named therein.S-11333-17075110.2November 22, 2010
10.2Indemnification Agreement, dated June 29, 2010, by and between Hudson Pacific Properties, Inc. and Victor J. Coleman.S-11333-17075110.3November 22, 2010
10.3Indemnification Agreement, dated June 29, 2010, by and between Hudson Pacific Properties, Inc. and Mark T. Lammas.S-11333-17075110.5November 22, 2010
10.4Indemnification Agreement, dated June 29, 2010, by and between Hudson Pacific Properties, Inc. and Christopher Barton.S-11333-17075110.6November 22, 2010
10.5Indemnification Agreement, dated June 29, 2010, by and between Hudson Pacific Properties, Inc. and Dale Shimoda.S-11333-17075110.7November 22, 2010
10.6Indemnification Agreement, dated June 29, 2010, by and between Hudson Pacific Properties, Inc. and Theodore R. Antenucci.S-11333-17075110.8November 22, 2010
10.7Restricted Stock Award Grant Notice and Restricted Stock Award Agreement.*S-11/A333-16491610.5June 14, 2010
10.8Hudson Pacific Properties, Inc. Director Stock Plan.*S-11/A333-17075110.17December 6, 2010
10.9Contribution Agreement by and among Victor J. Coleman, Howard S. Stern, Hudson Pacific Properties, L.P. and Hudson Pacific Properties, Inc., dated as of February 15, 2010.S-11/A333-16491610.11April 9, 2010
10.10Contribution Agreement by and among SGS investors, LLC, HFOP Investors, LLC, Soma Square Investors, LLC, Hudson Pacific Properties, L.P. and Hudson Pacific Properties, Inc., dated as of February 15, 2010.S-11/A333-16491610.12April 9, 2010
10.11Contribution Agreement by and among TMG-Flynn SOMA, LLC, Hudson Pacific Properties, L.P. and Hudson Pacific Properties, Inc., dated as of February 15, 2010.S-11/A333-16491610.13April 9, 2010
10.12Contribution Agreement by and among Glenborough Fund XIV, L.P., Glenborough Acquisition, LLC, Hudson Pacific Properties, L.P. and Hudson Pacific Properties, Inc. dated as of February 15, 2010.S-11/A333-16491610.14April 9, 2010
10.13Representation, Warranty and Indemnity Agreement by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, L.P. and the persons named therein as nominees of TMG-Flynn SOMA, LLC, dated as of February 15, 2010.S-11/A333-16491610.16April 9, 2010
10.14Representation, Warranty and Indemnity Agreement by and among Hudson Pacific Properties, Inc. Hudson Pacific Properties, L.P., and the persons named therein as nominees of Glenborough Fund XIV, L.P. dated as of February 15, 2010.S-11/A333-16491610.17April 9, 2010
10.15Tax Protection Agreement between Hudson Pacific Properties, L.P. and the persons named therein, dated June 29, 2010.8-K001-3478910.3July 1, 2010
10.16Amended and Restated Deed of Trust, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents between GLB Encino, LLC, as Trustor, SunAmerica Life Insurance Company, as Beneficiary, and First American Title Insurance Company, as Trustee, dated as of January 26, 2007.S-11/A333-16491610.25June 22, 2010
10.17Amended and Restated Promissory Note by GLB Encino, as Maker, to SunAmerica Life Insurance Company, as Holder, dated as of January 26, 2007.S-11/A333-16491610.26June 22, 2010
10.18Approval Letter from Wells Fargo, as Master Servicer, and CWCapital Asset Management, LLC, as Special Servicer to Hudson Capital LLC, dated as of June 8, 2010.S-11/A333-16491610.27June 22, 2010
10.19Loan and Security Agreement between Glenborough Tierrasanta, LLC, as Borrower, and German American Capital Corporation, as Lender, dated as of November 28, 2006.S-11/A333-16491610.28June 22, 2010
10.20Note by Glenborough Tierrasanta, LLC, as Borrower, in favor of German American Capital Corporation, as Lender, dated as of November 28, 2006.S-11/A333-16491610.29June 22, 2010
10.21Reaffirmation, Consent to Transfer and Substitution of Indemnitor, by and among Glenborough Tierrasanta, LLC, Morgan Stanley Real Estate Fund V U.S., L.P., MSP Real Estate Fund V, L.P. Morgan Stanley Real Estate Investors, V U.S., L.P., Morgan Stanley Real Estate Fund V Special U.S., L.P., MSP Co-Investment Partnership V, L.P., MSP Co-Investment Partnership V, L.P., Glenborough Fund XIV, L.P., Hudson Pacific Properties, L.P., and US Bank National Association, dated June 29, 2010.8-K001-3478910.5July 1, 2010
10.22Contribution Agreement by and between BCSP IV U.S. Investments, L.P. and Hudson Pacific Properties, L.P., dated as of December 15, 2010.S-11333-17348710.48April 14, 2011
10.23Limited Liability Company Agreement of Rincon Center JV LLC by and between Rincon Center Equity LLC and Hudson Rincon, LLC, dated as of December 16, 2010.S-11333-17348710.49April 14, 2011
10.24First Amendment to Registration Rights Agreement by and among Hudson Pacific Properties, Inc., Farallon Capital Partners, L.P., Farallon Capital Institutional Partners, L.P. and Farallon Capital Institutional Partners III, L.P., dated May 3, 2011.8-K001-347894.1May 4, 2011
10.25Loan Agreement by and between Hudson Rincon Center, LLC, as Borrower, and JPMorgan Chase Bank, National Association, as Lender, dated April 29, 2011.8-K001-3478910.1May 4, 2011
10.26Equity Distribution Agreement, dated November 16, 2012, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and Barclays Capital Inc.8-K001-347891.1November 16, 2012
10.27Equity Distribution Agreement, dated November 16, 2012, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and Merrill Lynch, Pierce, Fenner & Smith Incorporated.8-K001-347891.2November 16, 2012
10.28Equity Distribution Agreement, dated November 16, 2012, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and Keybanc Capital Markets Inc.8-K001-347891.3November 16, 2012
10.29Equity Distribution Agreement, dated November 16, 2012, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and Wells Fargo Securities, LLC.8-K001-347891.4November 16, 2012
10.30First Modification and Additional Advance Agreement by and among Wells Fargo Bank, N.A., as Lender, and Sunset Bronson Entertainment Properties, LLC, and Sunset Gower Entertainment Properties, LLC as Borrower.10-Q001-3478910.66November 7, 2013
10.31Supplemental Federal Income Tax Considerations.8-K001-3478999.1November 22, 2013
10.32Amendment to Equity Distribution Agreement, dated June 1, 2021, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and Barclays Capital Inc.8-K001-347891.5June 1, 2021
10.33Amendment to Equity Distribution Agreement, dated June 1, 2021, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and BofA Securities, Inc.8-K001-347891.6June 1, 2021
10.34Amendment to Equity Distribution Agreement, dated June 1, 2021, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and Keybanc Capital Markets Inc.8-K001-347891.7June 1, 2021
10.35Amendment to Equity Distribution Agreement, dated June 1, 2021, by and among Hudson Pacific Properties, Inc., Hudson Pacific Properties, LP, and Wells Fargo Securities, LLC.8-K001-347891.8June 1, 2021
10.36Bridge Commitment Letter, dated as of December 6, 2014, by and among the operating partnership, Wells Fargo Bank, National Association, Wells Fargo Securities, LLC, Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs Bank USA.8-K001-3478910.1December 11, 2014
10.37Backstop Commitment Letter, dated as of December 6, 2014, by and among the operating partnership, Wells Fargo Bank, National Association and Wells Fargo Securities, LLC.8-K001-3478910.2December 11, 2014
10.38First Amended and Restated Limited Partnership Agreement of Hudson 1455 Market, L.P.8-K001-3478910.1January 12, 2015
10.39Note Purchase Agreement, dated as of November 16, 2015, by and among Hudson Pacific Properties, L.P. and the purchasers named therein.8-K001-3478910.2November 20, 2015
10.40Form of Restricted Stock Unit Award Grant Notice and Restricted Stock Unit Award Agreement.*8-K001-3478910.6December 21, 2015
10.41Note Purchase Agreement, dated as of July 6, 2016, by and among Hudson Pacific Properties, L.P. and the purchasers named therein.10-Q001-3478910.8August 4, 2016
10.42Indemnification Agreement, dated August 16, 2017, by and between Hudson Pacific Properties, Inc. and Andrea Wong.10-Q001-3478910.2November 6, 2017
10.43Form of Time-Based LTIP Unit Agreement.*8-K001-3478910.1December 14, 2018
10.44Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Victor J. Coleman, dated January 1, 2020.*10-K001-3478910.79February 24, 2020
10.45Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Mark T. Lammas, dated January 1, 2020.*10-K001-3478910.80February 24, 2020
10.46Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Christopher J. Barton, dated January 1, 2020.*10-K001-3478910.82February 24, 2020
10.47Employment Agreement between Hudson Pacific Properties, Inc. and Harout Diramerian, dated January 1, 2020.*10-K001-3478910.84February 24, 2020
10.48Indemnification Agreement, dated January 1, 2020, by and between Hudson Pacific Properties, Inc. and Harout Diramerian.10-K001-3478910.85February 24, 2020
10.49Note Purchase Agreement, dated as of November 16, 2015, by and among Hudson Pacific Properties, L.P. and the purchasers named therein, as amended by that certain First Amendment, dated as of November 7, 2019.10-K001-3478910.88February 24, 2020
10.50Note Purchase Agreement, dated as of July 6, 2016, by and among Hudson Pacific Properties, L.P. and the purchasers named therein, as amended by that certain First Amendment, dated as of November 7, 2019.10-K001-3478910.89February 24, 2020
10.51Fourth Amended and Restated Credit Agreement, dated as of December 21, 2021, by and among Hudson Pacific Properties, L.P., as borrower, each of the lenders party thereto, Wells Fargo Bank, National Association, as administrative agent.8-K001-3478910.1December 21, 2021
10.52First Modification Agreement to the Fourth Amended and Restated Credit Agreement, dated as of September 15, 2022, by and among Hudson Pacific Properties, L.P., as borrower, each of the lenders party thereto, Wells Fargo Bank, National Association, as administrative agent.8-K001-3478910.1September 16, 2022
10.53Second Modification Agreement to the Fourth Amended and Restated Credit Agreement, dated as of December 22, 2023, by and among Hudson Pacific Properties, L.P., as borrower, each of the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.8-K001-3478910.1December 27, 2023
10.54Third Modification Agreement to the Fourth Amended and Restated Credit Agreement, dated as of May 3, 2024, by and among Hudson Pacific Properties, L.P., as borrower, each of the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.10-Q001-3478910.1August 9, 2024
10.55Fourth Modification Agreement to the Fourth Amended and Restated Credit Agreement, dated as of January 29, 2025, by and among Hudson Pacific Properties, L.P., as borrower, each of the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.8-K333-20279910.1February 3, 2025
10.56Fifth Modification Agreement to the Fourth Amended and Restated Credit Agreement, dated as of September 10, 2025, by and among Hudson Pacific Properties, L. P., as borrower, each of the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.8-K001-3478910.1September 16, 2025
10.57Loan Agreement, dated March 28, 2025, by and between the borrowers party thereto and Goldman Sachs Bank USA, Morgan Stanley Bank, N.A. and Wells Fargo Bank, N.A., collectively, as lender.8-K333-20279910.2March 31, 2025
10.58Guaranty, dated March 28, 2025, by Hudson Pacific Properties, L.P., for the benefit of Goldman Sachs Bank USA, Wells Fargo Bank, N.A. and Morgan Stanley Bank, N.A.8-K333-20279910.3March 31, 2025
10.59Form of Performance-Based LTIP Unit Agreement.*10-K001-3478910.93February 22, 2021
10.60Indemnification Agreement, dated January 1, 2020, by and between Hudson Pacific Properties, Inc. and Arthur Suazo.10-K001-3478910.99February 18, 2022
10.61Form of Performance-Based LTIP Unit Agreement.*8-K001-3478910.1March 10, 2022
10.62Hudson Pacific Properties - Non-Employee Director Compensation Program.10-K001-3478910.103February 10, 2023
10.63Form of Performance-Based LTIP Unit Agreement.*10-Q001-3478910.1May 9, 2023
10.64Indemnification Agreement, dated March 13, 2023, by and between Hudson Pacific Properties, Inc. and Barry Sholem.10-Q001-3478910.1August 4, 2023
10.65Indemnification Agreement, dated November 8, 2023, by and between Hudson Pacific Properties, Inc. and Robert L. Harris II.10-K001-3478910.68February 16, 2024
10.66Indemnification Agreement, dated January 1, 2024, by and between Hudson Pacific Properties, Inc. and Michael Nash.10-K001-3478910.69February 16, 2024
10.67Form of Performance-Based LTIP Unit Agreement.*10-K001-3478910.70February 16, 2024
10.68Amended and Restated Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan. **8-K001-3478910.1May 16, 2025
10.69Registration Rights Agreement, dated as of June 13, 2025, by and among Hudson Pacific Properties, Inc. and the Holders from time to time party thereto.8-K001-3478910.1June 13, 2025
10.70Third Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Victor J. Coleman, dated November 18, 2024*10-K001-3478910.70February 25, 2025
10.71Third Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Mark T. Lammas, dated November 18, 2024*10-K001-3478910.71February 25, 2025
10.72Second Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Arthur Suazo, dated November 18, 2024*10-K001-3478910.72February 25, 2025
10.73Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Harout Diramerian, dated November 18, 2024*10-K001-3478910.73February 25, 2025
10.74Amended and Restated Employment Agreement between Hudson Pacific Properties, Inc. and Drew Gordon, dated October 17, 2025.**10-Q001-3478910.2November 6, 2025
10.75Indemnification Agreement, dated January 1, 2025, by and between Hudson Pacific Properties, Inc. and Drew Gordon*10-K001-3478910.75February 25, 2025
10.76Indemnification Agreement, dated September 11, 2025, by and between Hudson Pacific Properties, Inc. and T. Ritson Ferguson*+
10.77Indemnification Agreement, dated December 2, 2025, by and between Hudson Pacific Properties, Inc. and Jon Bortz*+
10.78Amended and Restated Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan.+
19.1Hudson Pacific Properties, Inc. Insider Trading Compliance Program10-K001-3478919.1February 25, 2025
21.1Subsidiaries of Hudson Pacific Properties, Inc.+
23.1Consent of Independent Registered Public Accounting Firm.+
31.1Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Hudson Pacific Properties, Inc.+
31.2Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Hudson Pacific Properties, Inc.+
31.3Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Hudson Pacific Properties, L.P.+
31.4Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Hudson Pacific Properties, L.P.+
32.1Certifications by Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Hudson Pacific Properties, Inc.+
32.2Certifications by Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Hudson Pacific Properties, L.P.+
97.1Hudson Pacific Properties, Inc. Policy for Recovery of Erroneously Awarded Compensation10-K001-3478997.1February 16, 2024
99.1Certificate of Correction.8-K001-3478999.1January 23, 2012
101The following financial information from Hudson Pacific Properties, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2025 formatted in iXBRL (Inline eXtensible Business Reporting Language): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Loss, (iv) Consolidated Statements of Equity, (v) Consolidated Statements of Capital, (vi) Consolidated Statements of Cash Flows and (vii) Notes to Consolidated Financial Statements.**
104Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).
*Denotes a management contract or compensatory plan or arrangement.
**Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.
+Filed herewith.
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