HUDSON PACIFIC PROPERTIES REIT INC (HPP)
Real Estate · Tech and media office REIT with studio and production services assets · NYSE
A vertically integrated REIT combining premium office properties in tech epicenters with a diversified studio and production services portfolio across media-driven markets.
What HUDSON PACIFIC PROPERTIES REIT INC does
Hudson Pacific Properties is a vertically integrated REIT that acquires, repositions, develops, and operates premium office and state-of-the-art studio properties in tech and media epicenters. The company focuses on Class-A office assets in tech hubs (Los Angeles, San Francisco Bay Area, Seattle, New York, and Vancouver) alongside a substantial studio portfolio with production services operations. As of December 31, 2025, HPP operated approximately 13.9 million square feet of office space, 1.7 million square feet of studios including 45 sound stages, plus undeveloped land and production services assets.
Themes: ["Tech and media real estate","Office REIT","Studio and production assets","West Coast markets (California, Seattle, Vancouver)","Value-add repositioning","Ground-up development"]
Fundamentals
- Price$15.41 as of 2026-07-09 close
- Market cap$858M as of 2026-07-10
- 1-year return-20.2% as of 2026-07-09 close
- Net margin-66.1% as of 2026-07-10
- Gross margin+48.9% as of 2026-07-10
- ROE-17.2% as of 2026-07-10
- Debt / equity1.17 as of 2026-07-10
- Revenue growth (YoY)-1.4% as of 2026-07-10
- Revenue CAGR (3y)-6.8% SEC XBRL
- Beta1.92 as of 2026-07-10
Dividend: yield +2.4%; pays a dividend.
Key risks (from latest filing)
["Significant occupancy and rental rate pressure in office markets, with office rental revenues declining from $158.4M to $145.2M YoY in Q1 2026, reflecting the challenging post-pandemic office real estate environment","High leverage with $3.35 billion in debt against a market cap of $858 million, creating refinancing risk and limited financial flexibility in a rising interest rate environment","Unprofitable operations with a -66.1% net margin and cumulative net losses, dependent on asset appreciation and refinancing to generate returns for equity holders"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.