$HPP
Hudson Pacific Properties, Inc.

2019 Q1 Form 10-Q Financial Statement

#000148251219000073 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $197.4M $174.1M
YoY Change 13.37% 3.47%
Cost Of Revenue $71.90M $62.90M
YoY Change 14.31% 13.95%
Gross Profit $125.5M $111.2M
YoY Change 12.81% -1.67%
Gross Profit Margin 63.56% 63.87%
Selling, General & Admin $18.10M $15.60M
YoY Change 16.03% 13.04%
% of Gross Profit 14.43% 14.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.51M $60.55M
YoY Change 13.13% -14.43%
% of Gross Profit 54.6% 54.45%
Operating Expenses $158.5M $139.0M
YoY Change 14.03% -199.46%
Operating Profit -$33.06M $35.10M
YoY Change -194.19% 23.13%
Interest Expense $24.35M $20.50M
YoY Change 18.76% -6.51%
% of Operating Profit 58.42%
Other Income/Expense, Net -$75.76M $17.47M
YoY Change -533.76% -182.32%
Pretax Income -$36.90M $52.60M
YoY Change -170.15% 117.36%
Income Tax
% Of Pretax Income
Net Earnings -$39.39M $48.58M
YoY Change -181.09% 136.79%
Net Earnings / Revenue -19.96% 27.9%
Basic Earnings Per Share -$0.26 $0.31
Diluted Earnings Per Share -$0.26 $0.31
COMMON SHARES
Basic Shares Outstanding 154.4M shares 155.6M shares
Diluted Shares Outstanding 154.4M shares 156.7M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.40M $64.10M
YoY Change -18.25% -44.6%
Cash & Equivalents $52.45M $64.08M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $177.0M $125.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $229.4M $189.5M
YoY Change 21.06% -34.02%
LONG-TERM ASSETS
Property, Plant & Equipment $6.523B $5.925B
YoY Change 10.1% -1.98%
Goodwill $8.754M $8.754M
YoY Change 0.0% -0.52%
Intangibles
YoY Change
Long-Term Investments $145.1M $14.10M
YoY Change 929.08% -63.42%
Other Assets $113.4M $22.60M
YoY Change 401.77% 25.56%
Total Long-Term Assets $7.144B $6.259B
YoY Change 14.15% -2.43%
TOTAL ASSETS
Total Short-Term Assets $229.4M $189.5M
Total Long-Term Assets $7.144B $6.259B
Total Assets $7.374B $6.448B
YoY Change 14.35% -3.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $208.0M $146.6M
YoY Change 41.88% 8.43%
Accrued Expenses $274.6M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $551.9M $212.3M
YoY Change 159.96% 26.22%
LONG-TERM LIABILITIES
Long-Term Debt $2.915B $2.241B
YoY Change 30.1% -6.18%
Other Long-Term Liabilities $41.80M $46.30M
YoY Change -9.72% -57.44%
Total Long-Term Liabilities $2.957B $2.287B
YoY Change 29.3% -8.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $551.9M $212.3M
Total Long-Term Liabilities $2.957B $2.287B
Total Liabilities $3.509B $2.499B
YoY Change 40.4% -6.23%
SHAREHOLDERS EQUITY
Retained Earnings -$41.19M $9.500M
YoY Change -533.57% 151.06%
Common Stock $1.543M $1.556M
YoY Change -0.84% 0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.455B $3.660B
YoY Change
Total Liabilities & Shareholders Equity $7.374B $6.448B
YoY Change 14.35% -3.78%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$39.39M $48.58M
YoY Change -181.09% 136.79%
Depreciation, Depletion And Amortization $68.51M $60.55M
YoY Change 13.13% -14.43%
Cash From Operating Activities $89.45M $64.45M
YoY Change 38.79% -24.82%
INVESTING ACTIVITIES
Capital Expenditures -$94.60M -$103.5M
YoY Change -8.6% 35.83%
Acquisitions
YoY Change
Other Investing Activities -$33.70M $237.0M
YoY Change -114.22% 875.31%
Cash From Investing Activities -$128.3M $133.5M
YoY Change -196.09% -357.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 -$173.0K
YoY Change -100.0% -100.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $36.70M -$224.2M
YoY Change -116.37% 2598.42%
NET CHANGE
Cash From Operating Activities $89.45M $64.45M
Cash From Investing Activities -$128.3M $133.5M
Cash From Financing Activities $36.70M -$224.2M
Net Change In Cash -$2.120M -$26.30M
YoY Change -91.94% -203.15%
FREE CASH FLOW
Cash From Operating Activities $89.45M $64.45M
Capital Expenditures -$94.60M -$103.5M
Free Cash Flow $184.0M $167.9M
YoY Change 9.59% 3.72%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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Hudson Pacific Properties, Inc.
CY2019Q1 dei Entity Central Index Key
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CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5150000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4338000 USD
CY2019Q1 us-gaap Straight Line Rent
StraightLineRent
16635000 USD
CY2018Q1 us-gaap Straight Line Rent
StraightLineRent
9942000 USD
CY2019Q1 hpp Straight Line Rent Expense
StraightLineRentExpense
366000 USD
CY2018Q1 hpp Straight Line Rent Expense
StraightLineRentExpense
136000 USD
CY2019Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-4179000 USD
CY2018Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-3811000 USD
CY2019Q1 hpp Amortization Of Above And Below Market Ground Leases Net
AmortizationOfAboveAndBelowMarketGroundLeasesNet
615000 USD
CY2018Q1 hpp Amortization Of Above And Below Market Ground Leases Net
AmortizationOfAboveAndBelowMarketGroundLeasesNet
624000 USD
CY2019Q1 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
326000 USD
CY2018Q1 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
303000 USD
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2018Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-256000 USD
CY2019Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-52201000 USD
CY2018Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
0 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
37674000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4263000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1782000 USD
CY2019Q1 hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
13675000 USD
CY2018Q1 hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
6614000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2771000 USD
CY2018Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3313000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
33004000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-33000 USD
CY2019Q1 hpp Increase Decrease In Security Deposits And Prepaid Rent
IncreaseDecreaseInSecurityDepositsAndPrepaidRent
564000 USD
CY2018Q1 hpp Increase Decrease In Security Deposits And Prepaid Rent
IncreaseDecreaseInSecurityDepositsAndPrepaidRent
559000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
89446000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
64447000 USD
CY2019Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
94615000 USD
CY2018Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
103512000 USD
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1932000 USD
CY2018Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2019Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
CY2018Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
237004000 USD
CY2019Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
35584000 USD
CY2018Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-128267000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
133492000 USD
CY2019Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
430001000 USD
CY2018Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
130000000 USD
CY2019Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
335145000 USD
CY2018Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
308529000 USD
CY2019Q1 hpp Proceeds From Joint Venture Debt
ProceedsFromJointVentureDebt
-806000 USD
CY2018Q1 hpp Proceeds From Joint Venture Debt
ProceedsFromJointVentureDebt
0 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-173000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
525000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40427000 USD
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39351000 USD
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
153000 USD
CY2018Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
159000 USD
CY2019Q1 hpp Proceeds From Contribution From Redeemable Noncontrolling Member In Consolidated Entity
ProceedsFromContributionFromRedeemableNoncontrollingMemberInConsolidatedEntity
2075000 USD
CY2018Q1 hpp Proceeds From Contribution From Redeemable Noncontrolling Member In Consolidated Entity
ProceedsFromContributionFromRedeemableNoncontrollingMemberInConsolidatedEntity
0 USD
CY2019Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2018Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2691000 USD
CY2019Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-4028000 USD
CY2018Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-1060000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3668000 USD
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
693000 USD
CY2019Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10623000 USD
CY2018Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6965000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36701000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-224239000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2120000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26300000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68191000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101280000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66071000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74980000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
37674000 USD
CY2019Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
55 property
CY2019Q1 us-gaap Net Rentable Area
NetRentableArea
15091196 sqft
CY2019Q1 hpp Asset Disposition Sales Price
AssetDispositionSalesPrice
150000000 USD
CY2019Q1 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
86000 USD
CY2018Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
86000 USD
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate properties, determining the incremental borrowing rate used in the present value calculations of its new or modified operating lessee agreements, its accrued liabilities and its performance-based equity compensation awards. The Company bases its estimates on historical experience, current market conditions and various other assumptions that are believed to be reasonable under the circumstances. Actual results could materially differ from these estimates.
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y
CY2019Q1 us-gaap Land
Land
1313411000 USD
CY2018Q4 us-gaap Land
Land
1372872000 USD
CY2019Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4941701000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4991770000 USD
CY2019Q1 us-gaap Tenant Improvements
TenantImprovements
547427000 USD
CY2018Q4 us-gaap Tenant Improvements
TenantImprovements
510217000 USD
CY2019Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
9451000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
9320000 USD
CY2019Q1 us-gaap Development In Process
DevelopmentInProcess
178430000 USD
CY2018Q4 us-gaap Development In Process
DevelopmentInProcess
175358000 USD
CY2019Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6990420000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7059537000 USD
CY2019Q1 hpp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1 property
CY2019Q1 hpp Disposal Group Including Discontinued Operations Investment In Real Estate
DisposalGroupIncludingDiscontinuedOperationsInvestmentInRealEstate
99703000 USD
CY2019Q1 hpp Disposal Group Including Discontinued Operation Deferred Leasing Costs And Lease Intangible Assets Net
DisposalGroupIncludingDiscontinuedOperationDeferredLeasingCostsAndLeaseIntangibleAssetsNet
14000 USD
CY2019Q1 hpp Disposal Group Including Discontinued Operation Prepaid Expenses And Other Assets Net
DisposalGroupIncludingDiscontinuedOperationPrepaidExpensesAndOtherAssetsNet
104000 USD
CY2019Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
99821000 USD
CY2019Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities
732000 USD
CY2019Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
732000 USD
CY2019Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
52200000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
280193000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
279896000 USD
CY2019Q1 hpp Finitelived Intangible Liabilities Net
FinitelivedIntangibleLiabilitiesNet
41112000 USD
CY2018Q4 hpp Finitelived Intangible Liabilities Net
FinitelivedIntangibleLiabilitiesNet
45612000 USD
CY2019Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
18300000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
362000 USD
CY2018Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
16500000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2500000 USD
CY2019Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
159000000.0 USD
CY2018Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
142400000 USD
CY2019Q1 us-gaap Derivative Assets
DerivativeAssets
10463000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
16687000 USD
CY2019Q1 us-gaap Goodwill
Goodwill
8754000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
8754000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
3138000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
2713000 USD
CY2019Q1 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
86000 USD
CY2018Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
86000 USD
CY2019Q1 us-gaap Other Assets
OtherAssets
60000000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
27393000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
82441000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
55633000 USD
CY2019Q1 hpp Deposits For Future Acquisitions
DepositsForFutureAcquisitions
35600000 USD
CY2018Q4 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
20000000.0 USD
CY2019Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
425000 USD
CY2019Q1 hpp Long Term Purchase Commitment Remaining Contribution Amount
LongTermPurchaseCommitmentRemainingContributionAmount
19600000 USD
CY2019Q1 hpp Debt Instrument Duration Used In Interest Rate Calculation
DebtInstrumentDurationUsedInInterestRateCalculation
P360D
CY2018Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
22431000 USD
CY2019Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4706000 USD
CY2019Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
27465000 USD
CY2018Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3586000 USD
CY2019Q1 hpp Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
1591000 USD
CY2018Q1 hpp Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
1658000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
24350000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
20503000 USD
CY2019Q1 us-gaap Derivative Cash Received On Hedge
DerivativeCashReceivedOnHedge
1600000 USD
CY2019Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
6500000 USD
CY2019Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
145000000.0 USD
CY2018Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
146900000 USD
CY2019Q1 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
2900000 USD
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
155626055 shares
CY2019Q1 hpp Lessee Operating Lease Contingent Rental Expense
LesseeOperatingLeaseContingentRentalExpense
2514000 USD
CY2018Q1 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
3095000 USD
CY2019Q1 hpp Lessee Operating Lease Minimum Rental Expense
LesseeOperatingLeaseMinimumRentalExpense
4603000 USD
CY2018Q1 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
3337000 USD
CY2019Q1 us-gaap Derivative Assets
DerivativeAssets
10463000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
16687000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154396159 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0257
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0300
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-39392000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48577000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
413038000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
544738000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
530578000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
492413000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
459538000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
2139055000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4579360000 USD
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1088767 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154396159 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156714822 shares
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2018Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0625
CY2019Q1 us-gaap Interest Expense
InterestExpense
24400000 USD
CY2019Q1 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.005
CY2018Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.004
CY2019Q1 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
18076 shares
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000.0 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000.0 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2019Q1 hpp Common Units Dividends Per Share Cash Paid
CommonUnitsDividendsPerShareCashPaid
0.25
CY2018Q1 hpp Common Units Dividends Per Share Cash Paid
CommonUnitsDividendsPerShareCashPaid
0.25
CY2019Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.3906
CY2018Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.3906
CY2019Q1 hpp Performance Units Dividends Per Share Cash Paid
PerformanceUnitsDividendsPerShareCashPaid
0.25
CY2018Q1 hpp Performance Units Dividends Per Share Cash Paid
PerformanceUnitsDividendsPerShareCashPaid
0.25
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2019Q1 us-gaap Gross Profit
GrossProfit
125465000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
111214000 USD
CY2019Q1 us-gaap Revenues
Revenues
197389000 USD
CY2018Q1 us-gaap Revenues
Revenues
174118000 USD
CY2019Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
71924000 USD
CY2018Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
62904000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
125465000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
111214000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
125465000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
111214000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18094000 USD
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15564000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
68505000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
60553000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
24350000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
20503000 USD
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1024000 USD
CY2018Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
9000 USD
CY2019Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
128000 USD
CY2018Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
118000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-106000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
404000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
37674000 USD
CY2019Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-52201000 USD
CY2018Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-36895000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
52563000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
13543000 USD
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
12915000 USD
CY2019Q1 hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
-813000 USD
CY2018Q1 hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
20462000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53740000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78922000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14451000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22358000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68191000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101280000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52445000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64080000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
13626000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10900000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66071000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74980000 USD

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