Financial Snapshot

Revenue
$855.8M
TTM
Gross Margin
46.9%
TTM
Net Earnings
-$305.9M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$3.346B
Q3 2024
Cash
Q3 2024
P/E
-1.994
Nov 13, 2024 EST
Free Cash Flow
-$60.92M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $952.3M $1.026B $896.8M $805.0M $818.2M $728.4M $728.1M $639.6M $520.9M $253.4M $0.00 $0.00 $133.7M $60.64M $44.52M $47.00M $7.000M
YoY Change -7.2% 14.43% 11.41% -1.62% 12.32% 0.04% 13.84% 22.81% 105.53% -100.0% 120.52% 36.21% -5.27% 571.43%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $952.3M $1.026B $896.8M $805.0M $818.2M $728.4M $728.1M $639.6M $520.9M $253.4M $0.00 $0.00 $133.7M $60.64M $44.52M $47.00M $7.000M
Cost Of Revenue $450.5M $413.8M $335.8M $299.8M $301.5M $267.7M $253.5M $228.7M $189.9M $104.3M $87.60M $74.90M $64.80M $30.00M $25.80M $26.90M $4.000M
Gross Profit $501.8M $612.4M $561.0M $505.2M $516.7M $460.7M $474.6M $410.9M $331.0M $149.1M $118.0M $85.52M $68.97M $30.60M $18.70M $20.10M $2.900M
Gross Profit Margin 52.7% 59.68% 62.55% 62.76% 63.15% 63.25% 65.18% 64.24% 63.55% 58.84% 51.57% 50.46% 42.0% 42.77% 41.43%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $74.96M $79.50M $71.35M $77.90M $71.90M $61.00M $54.50M $52.40M $38.50M $28.30M $20.00M $16.50M $13.00M $4.500M $0.00 $0.00 $600.0K
YoY Change -5.71% 11.43% -8.41% 8.34% 17.87% 11.93% 4.01% 36.1% 36.04% 41.5% 21.21% 26.92% 188.89% -100.0%
% of Gross Profit 14.94% 12.98% 12.72% 15.42% 13.92% 13.24% 11.48% 12.75% 11.63% 18.98% 16.95% 19.29% 18.85% 14.71% 0.0% 0.0% 20.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $397.8M $373.2M $343.6M $299.7M $282.1M $251.0M $283.6M $269.1M $245.1M $72.22M $70.06M $54.76M $41.98M $15.91M $10.91M $9.700M $700.0K
YoY Change 6.6% 8.62% 14.66% 6.24% 12.38% -11.48% 5.38% 9.8% 239.36% 3.07% 27.95% 30.43% 163.84% 45.87% 12.45% 1285.71%
% of Gross Profit 79.28% 60.94% 61.25% 59.32% 54.6% 54.48% 59.75% 65.49% 74.04% 48.43% 59.39% 64.03% 60.88% 52.0% 58.33% 48.26% 24.14%
Operating Expenses $923.3M $866.5M $750.8M $677.3M $655.6M $579.7M $591.5M $550.2M $473.5M $204.7M $90.00M $71.30M $55.00M $20.40M $10.90M $9.700M $1.400M
YoY Change 6.55% 15.41% 10.85% 3.32% 13.08% -1.99% 7.51% 16.21% 131.25% 127.49% 26.23% 29.64% 169.61% 87.16% 12.37% 592.86%
Operating Profit -$421.4M -$254.1M -$189.8M -$172.2M -$138.9M -$119.0M $136.6M $89.41M $47.39M $48.68M $27.96M $14.27M $13.94M $10.21M $7.826M $10.40M $1.500M
YoY Change 65.83% 33.88% 10.26% 23.95% 16.69% -187.14% 52.79% 88.67% -2.65% 74.1% 95.98% 2.32% 36.6% 30.44% -24.75% 593.33%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense $214.4M $149.9M $121.9M $113.8M $105.1M $83.17M $90.04M $76.04M $50.67M $25.93M $25.47M $19.07M $17.48M $8.831M $8.792M -$13.00M -$3.800M
YoY Change 43.04% 22.93% 7.13% 8.3% 26.37% -7.63% 18.4% 50.09% 95.38% 1.81% 33.55% 9.1% 97.94% 0.44% -167.63% 242.11%
% of Operating Profit 65.91% 85.05% 106.92% 53.27% 91.09% 133.67% 125.36% 86.51% 112.34% -125.0% -253.33%
Other Income/Expense, Net -$192.9M -$176.2M -$117.0M -$111.2M -$106.8M -$36.90M -$42.04M -$45.65M -$93.94M $14.00K $99.00K $100.0K -$400.0K -$200.0K -$100.0K $0.00 $0.00
YoY Change 9.49% 50.58% 5.24% 4.13% 189.4% -12.24% -7.9% -51.41% -671107.14% -85.86% -1.0% -125.0% 100.0% 100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$163.9M -$16.52M $29.01M $16.40M $55.80M $111.8M $94.60M $43.80M -$16.10M $23.70M $1.400M -$5.500M -$5.600M -$2.700M -$600.0K -$2.600M -$2.300M
YoY Change 892.34% -156.93% 76.9% -70.61% -50.09% 18.18% 115.98% -372.05% -167.93% 1592.86% -125.45% -1.79% 107.41% 350.0% -76.92% 13.04%
Income Tax $6.796M -$7.500M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Net Earnings -$170.7M -$16.52M $29.01M $16.43M $55.85M $111.8M $94.56M $27.22M -$16.40M $9.955M -$14.83M -$17.19M -$10.43M -$3.250M -$615.0K -$2.500M -$2.300M
YoY Change 933.48% -156.93% 76.58% -70.58% -50.04% 18.21% 247.42% -265.99% -264.71% -167.11% -13.71% 64.75% 221.05% 428.46% -75.4% 8.7%
Net Earnings / Revenue -17.93% -1.61% 3.23% 2.04% 6.83% 15.35% 12.99% 4.26% -3.15% 3.93% -7.8% -5.36% -1.38% -5.32% -32.86%
Basic Earnings Per Share -$1.36 -$0.39 $0.04 $0.00 $0.28 $0.63 $0.44 $0.26 -$0.19 $0.15 -$0.27
Diluted Earnings Per Share -$1.36 -$0.39 $0.04 $0.00 $0.28 $0.63 $0.44 $0.25 -$0.19 $0.15 -$0.27 -$120.2K -$102.0K -$125.0K -$26.20K -$109.2K -$100.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $100.4M $255.8M $96.56M $113.7M $46.20M $53.70M $78.90M $83.00M $53.60M $17.80M $30.40M $18.90M $13.70M $48.90M $3.700M $5.000M
YoY Change -60.75% 164.89% -15.08% 146.1% -13.97% -31.94% -4.94% 54.85% 201.12% -41.45% 60.85% 37.96% -71.98% 1221.62% -26.0%
Cash & Equivalents $100.4M $255.8M $96.56M $113.7M $46.20M $53.70M $78.90M $83.00M $53.60M $17.80M $30.40M $18.90M $13.70M $48.90M $3.700M $5.000M
Short-Term Investments
Other Short-Term Assets $12.69M $8.571M $7.634M $7.200M $8.800M $27.30M $10.00M $4.200M $3.900M $3.700M $3.500M $3.700M $1.100M
YoY Change 48.01% 12.27% 6.03% -18.18% 173.0% 138.1% 7.69% 5.41% 5.71% -5.41% 236.36%
Inventory
Prepaid Expenses
Receivables $245.4M $296.7M $265.6M $247.8M $208.3M $156.4M $110.7M $86.20M $80.50M $49.30M $28.60M $24.90M $9.000M $4.500M $1.300M $1.200M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $28.60M $28.20M $0.00 $4.000M $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $358.5M $561.1M $369.8M $368.7M $263.3M $210.1M $189.6M $169.2M $190.0M $105.3M $63.20M $51.70M $26.40M $56.90M $8.700M $7.300M
YoY Change -36.11% 51.71% 0.31% 40.03% 25.32% 10.81% 12.06% -10.95% 80.44% 66.61% 22.24% 95.83% -53.6% 554.02% 19.18%
Property, Plant & Equipment $6.980B $7.707B $7.423B $7.377B $6.640B $6.364B $5.698B $5.503B $5.391B $2.037B $1.845B $1.341B $1.007B $837.9M $412.1M $353.0M
YoY Change -9.43% 3.82% 0.63% 11.1% 4.34% 11.69% 3.54% 2.09% 164.68% 10.38% 37.64% 33.07% 20.23% 103.32% 16.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $252.7M $180.6M $284.1M $217.2M $228.1M $147.0M $14.20M $37.20M
YoY Change 39.95% -36.43% 30.78% -4.78% 55.17% 935.21% -61.83%
Other Assets $352.4M $522.9M $700.0M $322.9M $12.00M $14.50M $434.3M $640.4M $348.3M $82.40M $105.3M $77.10M $25.40M $14.00M $7.800M $7.700M
YoY Change -32.6% -25.31% 116.8% 2590.83% -17.24% -96.66% -32.18% 83.86% 322.69% -21.75% 36.58% 203.54% 81.43% 79.49% 1.3%
Total Long-Term Assets $7.924B $8.758B $8.620B $7.982B $7.203B $6.861B $6.433B $6.510B $6.064B $2.230B $2.068B $1.508B $1.126B $947.7M $439.5M $379.4M
YoY Change -9.53% 1.6% 8.0% 10.8% 4.99% 6.66% -1.19% 7.35% 171.95% 7.82% 37.14% 33.88% 18.86% 115.63% 15.84%
Total Assets $8.282B $9.319B $8.990B $8.350B $7.467B $7.071B $6.622B $6.679B $6.254B $2.335B $2.131B $1.560B $1.153B $1.005B $448.2M $386.7M
YoY Change
Accounts Payable $203.7M $264.1M $301.0M $235.9M $210.9M $175.3M $162.1M $114.7M $82.40M $36.80M $26.10M $18.60M $12.50M $11.50M $6.000M $8.700M
YoY Change -22.86% -12.25% 27.58% 11.85% 20.31% 8.14% 41.33% 39.2% 123.91% 41.0% 40.32% 48.8% 8.7% 91.67% -31.03%
Accrued Expenses $389.2M $399.8M $293.6M $270.0M $272.7M
YoY Change -2.65% 36.17% 8.74% -0.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $681.7M $747.7M $679.5M $598.1M $569.8M $244.0M $224.9M $181.6M $102.7M $43.10M $31.80M $23.90M $18.20M $16.60M $8.900M $10.50M
YoY Change -8.83% 10.04% 13.61% 4.97% 133.52% 8.49% 23.84% 76.83% 138.28% 35.53% 33.05% 31.32% 9.64% 86.52% -15.24%
Long-Term Debt $4.011B $4.652B $3.928B $3.597B $3.019B $2.828B $2.421B $2.473B $2.261B $912.7M $888.3M $582.1M $399.9M $342.1M $189.5M $152.0M
YoY Change -13.77% 18.42% 9.2% 19.15% 6.75% 16.8% -2.1% 9.4% 147.69% 2.75% 52.6% 45.56% 16.9% 80.53% 24.67%
Other Long-Term Liabilities $27.75M $34.76M $46.19M $49.10M $33.30M $45.60M $54.70M $311.2M $151.4M $94.20M $97.80M $44.00M $46.10M $84.40M $23.20M $14.80M
YoY Change -20.15% -24.75% -5.93% 47.45% -26.97% -16.64% -82.42% 105.55% 60.72% -3.68% 122.27% -4.56% -45.38% 263.79% 56.76%
Total Long-Term Liabilities $4.039B $4.687B $3.974B $3.646B $3.052B $2.874B $2.476B $2.785B $2.412B $1.007B $986.1M $626.1M $446.0M $426.5M $212.7M $166.8M
YoY Change -13.82% 17.92% 9.0% 19.46% 6.21% 16.06% -11.08% 15.44% 139.56% 2.11% 57.5% 40.38% 4.57% 100.52% 27.52%
Total Liabilities $5.204B $6.014B $5.248B $4.887B $4.050B $3.527B $2.984B $3.576B $4.588B $1.156B $1.128B $719.5M $527.5M $508.7M $225.0M $177.3M
YoY Change -13.47% 14.59% 7.39% 20.68% 14.81% 18.2% -16.54% -22.07% 296.9% 2.5% 56.75% 36.4% 3.7% 126.09% 26.9%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $610.07 Million

About Hudson Pacific Properties Inc

Hudson Pacific Properties, Inc. is a real estate company, which acquires, repositions, develops, and operates sustainable office and state of-the-art studio properties in high-barrier-to-entry submarkets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom. The company is headquartered in Los Angeles, California and currently employs 758 full-time employees. The company went IPO on 2010-06-24. The firm acquires, repositions, develops and operates sustainable office and studio properties in high-barrier-to-entry technology and media epicenters. The firm's segments include office segment and studio segment. The firm's portfolio includes office properties, studio properties, land properties and production services assets. Its studio properties comprise of approximately 48 stages, sound stages and production-supporting office, and other facilities. Its land properties comprise of undeveloped density rights for future office, studio and residential space. The firm's production services assets comprise of vehicles, lighting and grip, production supplies and other equipment and the lease rights to an additional approximately 27 sound stages. The company owns real estate in California, the Pacific Northwest, Western Canada and Greater London, United Kingdom.

Industry: Real Estate Peers: Alexandria Real Estate Equities Inc Brandywine Realty Trust Equity Commonwealth COPT Defense Properties Easterly Government Properties Inc Highwoods Properties Inc JBG SMITH Properties Paramount Group Inc Piedmont Office Realty Trust Inc SL Green Realty Corp