Saturday 17 October 2026 Export HPP’s income statement to Excel — free account

Hudson Pacific Properties, Inc.

Hudson Pacific Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $831.1 million, down 1.30% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 43.5%, free cash flow fell 100.8% and total debt fell 9.09%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

10.30 0.87 −7.79%

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Market cap: $619.7M
P/E: 0.0×
Fwd P/E: −4.7×
Dividend yield: 0.00%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.43

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	1	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 18.05%

Capital & Financial Ratios $m

Market Cap 619.69

Revenue 812.79

Net Income (579.85)

Free Cash Flow 133.77

Net Debt 3,309.51

Current Ratio 1.11

Debt/Equity 1.14

P/E ratio 0.00

Fwd P/E (4.66)

P/S ratio 0.82

P/B ratio 0.26

Past 5Y EPS Growth —

This Y EPS Growth 76.58%

Next Y EPS Growth 7.33%

Next Y revenue growth (10.78%)

Next 5Y EPS Growth 39.12%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 18.91%

10-year low 10-year high

P/B against its own 10 years 20.42%

10-year low 10-year high

EV/Sales against its own 10 years 5.05%

10-year low 10-year high

EV/FCF against its own 10 years 60.83%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	0.70	0.35 0.35
2023	2.63	1.75 0.88
2022	7.00	1.75 1.75 1.75 1.75
2021	7.00	1.75 1.75 1.75 1.75
2020	7.00	1.75 1.75 1.75 1.75
2019	7.00	1.75 1.75 1.75 1.75
2018	7.00	1.75 1.75 1.75 1.75
2017	7.00	1.75 1.75 1.75 1.75
2016	5.60	1.40 1.40 1.40 1.40

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	119	99	162	105
Receivables	245	214	210	227
Inventory	—	—	—	—
Other	—	—	—	—
	365	313	372	332

	2023	2024	2025	Q'26
Payables	204	194	209	298
ST’ Debt	—	—	—	—
Other	—	—	—	—
	204	194	209	298

Compound Annual Growth %

	10y	5y	3y
Sales	4.78%	0.64%	(6.79%)
Cash Flow	(3.67%)	(16.72%)	(31.08%)
Earnings	0.00%	0.00%	0.00%
Book Value	(1.67%)	(4.50%)	(5.63%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	182	188	—	—	—
’25	198	190	187	256	831
’24	214	218	200	210	842
’23	252	245	231	223	952
’22	245	251	260	270	1,026
’21	213	216	228	240	897
’20	206	199	196	204	805

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	44	(8)	—	—	—
’25	31	(2)	33	59	121
’24	65	36	64	0	165
’23	93	59	71	9	232
’22	95	95	138	41	370
’21	115	58	113	29	315
’20	90	47	110	54	302

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	16	(43)	—	—	—
’25	52	(21)	(6)	166	191
’24	15	(13)	7	(46)	(36)
’23	116	(21)	62	614	771
’22	39	(57)	110	21	114
’21	19	(37)	30	(161)	(149)
’20	11	(43)	(29)	(633)	(694)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.82)	(1.62)	—	—	—
’25	(3.71)	(2.87)	(2.10)	(4.31)	(12.81)
’24	(2.59)	(2.31)	(4.83)	(8.26)	(18.05)
’23	(0.98)	(1.82)	(1.89)	(4.90)	(9.52)
’22	(0.91)	(0.35)	(0.84)	(0.63)	(2.73)
’21	0.21	0.14	(0.42)	0.35	0.28
’20	0.49	0.14	(0.28)	(0.35)	0.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	159.39	220.71	189.84	191.31	112.98	159.25	65.17	28.35	16.73	9.96	Analyst estimates 2026–2028 Powerpack
	High	250.88	257.25	252.42	264.18	271.67	212.45	200.62	85.61	69.02	24.01
People
People	Employees	257	293	311	347	375	560	885	758	740	607
	Revenue/emp, $m	2.49	2.49	2.34	2.36	2.15	1.60	1.16	1.26	1.14	1.37
Income, $m
Income, $m	Revenue	640	728	728	818	805	897	1,026	952	842	831
	Gross margin, %	64.24	65.18	63.25	63.15	62.76	62.55	59.68	52.70	46.08	48.53
	EBT	44	95	112	56	16	29	(17)	(164)	(380)	(593)
	EBT margin, %	6.84	12.99	15.35	6.83	2.04	3.23	(1.61)	(17.21)	(45.10)	(71.30)
	Net income	44	95	112	56	16	29	(17)	(171)	(381)	(592)
	Depreciation	267	285	254	293	317	358	394	419	380	411
Per share, $
Per share, $	Revenue	42.15	33.03	32.79	36.92	36.79	41.39	49.96	47.29	41.75	18.60
	Earnings	1.82	3.08	4.41	1.96	0.00	0.28	(2.73)	(9.52)	(18.05)	(12.81)
	Cash flow	14.94	13.29	9.66	13.00	13.80	14.53	17.99	11.53	8.16	2.71
	Capex	(34.04)	(15.78)	(11.68)	(10.74)	(45.53)	(21.41)	(12.45)	26.74	(9.97)	1.57
	Free cash flow	(19.10)	(2.49)	(2.02)	2.26	(31.72)	(6.88)	5.54	38.28	(1.80)	4.28
	Book value	244.01	177.40	172.43	167.37	181.34	193.71	182.57	173.53	154.62	70.53
	Shares, m	15	22	22	22	22	22	21	20	20	45
Valuation, ×
Valuation, ×	P/E	145.63	77.09	46.89	139.49	1,681,400.00	617.97	0.00	0.00	0.00	0.00
	P/S	5.80	7.19	6.20	7.14	4.57	4.18	1.33	1.41	0.51	0.58
	P/B	1.00	1.34	1.18	1.57	0.93	0.99	0.41	0.44	0.16	0.18
	EV/Sales	9.50	10.37	9.99	10.76	8.85	8.34	5.58	5.49	5.43	4.50
	EV/FCF	(20.97)	(137.40)	(162.48)	175.74	(10.27)	(50.20)	50.34	6.79	(125.58)	19.57
Cash, $m
Cash, $m	Operating cash flow	227	293	215	288	302	315	370	232	165	121
	Capex	(517)	(348)	(259)	(238)	(996)	(464)	(256)	538	(201)	70
	Free cash flow	(290)	(55)	(45)	50	(694)	(149)	114	771	(36)	191
Balance, $m
Balance, $m	Working capital	80	50	49	54	161	162	318	161	120	163
	Total debt	2,473	2,421	2,828	3,019	3,597	3,928	4,652	4,011	4,243	3,418
	Net debt	2,365	2,320	2,760	2,961	3,448	3,731	4,366	3,892	4,144	3,255
	Shareholders’ equity	3,703	3,911	3,830	3,709	3,968	4,197	3,750	3,494	3,119	3,152
Returns, %
Returns, %	ROA	0.42	1.02	1.43	0.59	0.00	0.07	(0.62)	(2.18)	(4.44)	(7.43)
	ROIC	0.92	1.37	1.41	1.52	1.08	1.15	1.23	0.25	(0.39)	(0.43)
	ROE	0.73	1.79	2.53	1.14	0.01	0.16	(1.59)	(6.01)	(12.64)	(21.12)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HIW Highwoods Properties, Inc.	$3.2B	19.3×	31.1×	+7.87% (above 0%: growing)	+400.00% (above 0%: growing)	+364.51% (above 0%: growing)	67.58%	26.47%	Compare
DEI Douglas Emmett, Inc.	$1.6B	— (loss-making)	— (loss-making)	+1.63% (above 0%: growing)	n/m	+41.06% (above 0%: growing)	63.19%	19.62%	Compare
PDM Piedmont Realty Trust, Inc.	$1.1B	— (loss-making)	— (loss-making)	+2.73% (above 0%: growing)	n/m	−9.08% (below 0%: shrinking)	61.15%	14.29%	Compare
DEA Easterly Government Properties, Inc.	$1.0B	100×	133×	+9.71% (above 0%: growing)	−33.33% (below 0%: shrinking)	+106.84% (above 0%: growing)	68.54%	23.79%	Compare
PSTL Postal Realty Trust, Inc.	$776.1M	40.7×	36.4×	+22.40% (above 0%: growing)	+25.00% (above 0%: growing)	+45.98% (above 0%: growing)	79.73%	39.49%	Compare
HPP Hudson Pacific Properties, Inc.	$619.7M	— (loss-making)	— (loss-making)	−0.90% (below 0%: shrinking)	n/m	−100.77% (below 0%: shrinking)	44.94%	(5.05%)
BDN Brandywine Realty Trust	$460.5M	— (loss-making)	— (loss-making)	+6.92% (above 0%: growing)	n/m	−1.07% (below 0%: shrinking)	59.27%	15.09%	Compare
NLOP Net Lease Office Properties	$143.9M	— (loss-making)	—	−78.21% (below 0%: shrinking)	n/m	−91.52% (below 0%: shrinking)	86.13%	(101.56%)	Compare
ONL Orion Office REIT Inc.	$117.5M	— (loss-making)	— (loss-making)	−8.04% (below 0%: shrinking)	n/m	+175.48% (above 0%: growing)	63.63%	9.86%	Compare
Median of peers	$908.1M	40.7×	36.4×	+4.83%	+25.00%	+43.52%	65.61%	17.36%

All 18 Reit Office stocks →