Hudson Pacific Properties — Third Quarter 2026 Earnings Summary

Hudson Pacific Properties reported third-quarter 2026 in-service office occupancy growth for the fifth consecutive quarter, reaching 85.6% after executing 534,000 square feet of new and renewal leases. The company achieved a Core FFO of $0.28 per diluted share, an 8% increase year-over-year, driven by improved same-store cash NOI and lower non-real estate depreciation. Despite a reported net loss of $218.1 million due to non-cash impairments and losses on property sales, the firm reduced its share of debt by 14% year-over-year and maintained $840 million in pro forma liquidity. Management raised its full-year 2026 Core FFO guidance to a range of $1.15 to $1.21 per diluted share, reflecting strong leasing momentum and portfolio optimization.