2024 Q3 Form 10-Q Financial Statement

#000148251224000085 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $200.4M $218.0M
YoY Change -13.42% -11.08%
Cost Of Revenue $114.8M $113.3M
YoY Change 2.35% 1.62%
Gross Profit $85.55M $104.7M
YoY Change -28.27% -21.67%
Gross Profit Margin 42.69% 48.05%
Selling, General & Admin $19.54M $20.71M
YoY Change 11.68% 9.31%
% of Gross Profit 22.84% 19.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $86.67M $86.80M
YoY Change -12.08% -12.27%
% of Gross Profit 101.31% 82.87%
Operating Expenses $221.1M $220.8M
YoY Change -3.16% -3.73%
Operating Profit -$135.5M -$116.0M
YoY Change 24.32% 21.35%
Interest Expense -$48.76M -$47.11M
YoY Change -191.01% -186.2%
% of Operating Profit
Other Income/Expense, Net -$84.17M -$44.29M
YoY Change 113.88% 7.97%
Pretax Income -$104.8M -$47.05M
YoY Change 189.77% 86.9%
Income Tax $2.183M $510.0K
% Of Pretax Income
Net Earnings -$107.0M -$47.56M
YoY Change 199.32% 51.1%
Net Earnings / Revenue -53.4% -21.82%
Basic Earnings Per Share -$0.69 -$0.33
Diluted Earnings Per Share -$0.69 -$0.33
COMMON SHARES
Basic Shares Outstanding 141.2M shares 141.1M shares
Diluted Shares Outstanding 141.2M shares 141.2M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.69M $78.46M
YoY Change 20.92% -28.17%
Cash & Equivalents $90.69M $78.46M
Short-Term Investments
Other Short-Term Assets $19.50M $20.39M
YoY Change -6.7% -6.18%
Inventory
Prepaid Expenses
Receivables $220.8M $235.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $331.0M $334.6M
YoY Change -18.52% -24.62%
LONG-TERM ASSETS
Property, Plant & Equipment $123.0M $120.8M
YoY Change 6.09% 1.03%
Goodwill $264.1M $264.1M
YoY Change 0.23% 0.23%
Intangibles
YoY Change
Long-Term Investments $227.4M $212.1M
YoY Change -3.74% -2.88%
Other Assets $390.6M $356.0M
YoY Change 1.9% -10.84%
Total Long-Term Assets $7.986B $8.018B
YoY Change -6.92% -7.43%
TOTAL ASSETS
Total Short-Term Assets $331.0M $334.6M
Total Long-Term Assets $7.986B $8.018B
Total Assets $8.317B $8.353B
YoY Change -7.45% -8.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $264.6M $228.0M
YoY Change -1.03% -16.86%
Accrued Expenses $366.6M $378.8M
YoY Change -6.91% -4.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $710.6M $690.8M
YoY Change -5.02% -9.29%
LONG-TERM LIABILITIES
Long-Term Debt $4.206B $4.180B
YoY Change -6.19% -7.91%
Other Long-Term Liabilities $54.61M $25.00M
YoY Change 87.03% -18.84%
Total Long-Term Liabilities $4.260B $4.205B
YoY Change -5.58% -7.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $710.6M $690.8M
Total Long-Term Liabilities $4.260B $4.205B
Total Liabilities $4.971B $4.896B
YoY Change -5.5% -8.17%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.403M $1.403M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.027B $3.130B
YoY Change
Total Liabilities & Shareholders Equity $8.317B $8.353B
YoY Change -7.45% -8.27%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$107.0M -$47.56M
YoY Change 199.32% 51.1%
Depreciation, Depletion And Amortization $86.67M $86.80M
YoY Change -12.08% -12.27%
Cash From Operating Activities $63.75M $35.62M
YoY Change -10.6% -39.79%
INVESTING ACTIVITIES
Capital Expenditures $58.60M $48.93M
YoY Change -23.89% -40.92%
Acquisitions
YoY Change
Other Investing Activities -$16.12M -$745.0K
YoY Change -135.12% -96.47%
Cash From Investing Activities -$74.73M -$49.67M
YoY Change 140.28% -52.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.98M -19.58M
YoY Change -133.75% 89.18%
NET CHANGE
Cash From Operating Activities 63.75M 35.62M
Cash From Investing Activities -74.73M -49.67M
Cash From Financing Activities 24.98M -19.58M
Net Change In Cash 14.00M -33.63M
YoY Change -141.41% -38.96%
FREE CASH FLOW
Cash From Operating Activities $63.75M $35.62M
Capital Expenditures $58.60M $48.93M
Free Cash Flow $5.140M -$13.30M
YoY Change -190.18% -43.73%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Period End Date
DocumentPeriodEndDate
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CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4612000 usd
CY2024Q2 hpp Noncontrolling Interest Increase From Previously Unconsolidated Real Estate Entity
NoncontrollingInterestIncreaseFromPreviouslyUnconsolidatedRealEstateEntity
55593000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
79000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
0 usd
CY2024Q2 us-gaap Dividends
Dividends
12555000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7286000 usd
CY2024Q2 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-46749000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-121000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3395808000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3494172000 usd
hpp Noncontrolling Interest Increase From Members Equity Contributions
NoncontrollingInterestIncreaseFromMembersEquityContributions
13185000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
18697000 usd
hpp Noncontrolling Interest Increase From Previously Unconsolidated Real Estate Entity
NoncontrollingInterestIncreaseFromPreviouslyUnconsolidatedRealEstateEntity
55593000 usd
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
40937000 usd
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
79000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
495000 usd
us-gaap Dividends
Dividends
25471000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14220000 usd
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-99100000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3417000 usd
hpp Noncontrolling Interest Decrease From Redemptions Or Purchase Of Partnership Units
NoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfPartnershipUnits
0 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3698882000 usd
CY2023Q2 hpp Noncontrolling Interest Increase From Members Equity Contributions
NoncontrollingInterestIncreaseFromMembersEquityContributions
7708000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
28880000 usd
CY2023Q2 us-gaap Dividends
Dividends
23342000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6993000 usd
CY2023Q2 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-31119000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15110000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3645352000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3749831000 usd
hpp Noncontrolling Interest Increase From Members Equity Contributions
NoncontrollingInterestIncreaseFromMembersEquityContributions
14205000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
38439000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
87000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1369000 usd
us-gaap Dividends
Dividends
65054000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12901000 usd
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-45195000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
18559000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3645352000 usd
us-gaap Profit Loss
ProfitLoss
-100912000 usd
hpp Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
178652000 usd
hpp Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
3909000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
13485000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3224000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1943000 usd
us-gaap Straight Line Rent
StraightLineRent
-3244000 usd
hpp Straight Line Rent Expense
StraightLineRentExpense
2038000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2703000 usd
hpp Amortization Of Above And Below Market Ground Leases Net
AmortizationOfAboveAndBelowMarketGroundLeasesNet
1324000 usd
hpp Finance Lease Right Of Use Asset Amortization Of Lease Incentive Costs
FinanceLeaseRightOfUseAssetAmortizationOfLeaseIncentiveCosts
500000 usd
hpp Contingent Liability Fair Value Adjustments
ContingentLiabilityFairValueAdjustments
0 usd
hpp Contingent Liability Fair Value Adjustments
ContingentLiabilityFairValueAdjustments
-3017000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
471000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
916000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6364000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1989000 usd
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
11196000 usd
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
9619000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12226000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
23474000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
17427000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
22993000 usd
hpp Increase Decrease In Security Deposits And Prepaid Rent
IncreaseDecreaseInSecurityDepositsAndPrepaidRent
-4794000 usd
hpp Increase Decrease In Security Deposits And Prepaid Rent
IncreaseDecreaseInSecurityDepositsAndPrepaidRent
8083000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100750000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
151683000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
100441000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
88069000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
155948000 usd
hpp Cash Acquired In Consolidation Of Previously Unconsolidated Real Estate Entity
CashAcquiredInConsolidationOfPreviouslyUnconsolidatedRealEstateEntity
8814000 usd
hpp Cash Acquired In Consolidation Of Previously Unconsolidated Real Estate Entity
CashAcquiredInConsolidationOfPreviouslyUnconsolidatedRealEstateEntity
0 usd
hpp Payments For Non Real Estate Investments
PaymentsForNonRealEstateInvestments
919000 usd
hpp Payments For Non Real Estate Investments
PaymentsForNonRealEstateInvestments
3339000 usd
hpp Proceeds From Sale Of Non Real Estate Investment
ProceedsFromSaleOfNonRealEstateInvestment
0 usd
hpp Proceeds From Sale Of Non Real Estate Investment
ProceedsFromSaleOfNonRealEstateInvestment
503000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1895000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
30492000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
35313000 usd
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
10364000 usd
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
1650000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121030000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-93411000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
112341000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
263356000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
30000000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
384000000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5000000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
79000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1369000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15377000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
54960000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
10400000 usd
hpp Payments For Redeemable Noncontrolling Member In Consolidated Entity
PaymentsForRedeemableNoncontrollingMemberInConsolidatedEntity
3924000 usd
hpp Payments For Redeemable Noncontrolling Member In Consolidated Entity
PaymentsForRedeemableNoncontrollingMemberInConsolidatedEntity
4506000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
13185000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
14205000 usd
hpp Payments To Acquire Noncontrolling Interests
PaymentsToAcquireNoncontrollingInterests
40937000 usd
hpp Payments To Acquire Noncontrolling Interests
PaymentsToAcquireNoncontrollingInterests
0 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
18697000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
38439000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
48000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
87000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1064000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-216200000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19216000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-157928000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119156000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
285731000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99940000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127803000 usd
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
40937000 usd
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
58 property
CY2024Q2 us-gaap Net Rentable Area
NetRentableArea
19616003 sqft
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">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 and assessing the carrying values of its real estate properties, the fair value measurement of contingent consideration, assets acquired and liabilities assumed in business combination transactions, determining the incremental borrowing rate used in the present value calculations of its new or modified operating lessee agreements, its accrued liabilities, and the valuation of 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.</span></div>
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P22Y
CY2024Q2 hpp Fee Income Non Operating
FeeIncomeNonOperating
1371000 usd
CY2023Q2 hpp Fee Income Non Operating
FeeIncomeNonOperating
2284000 usd
hpp Fee Income Non Operating
FeeIncomeNonOperating
2496000 usd
hpp Fee Income Non Operating
FeeIncomeNonOperating
4686000 usd
CY2024Q2 hpp Management Income
ManagementIncome
1042000 usd
CY2023Q2 hpp Management Income
ManagementIncome
1059000 usd
hpp Management Income
ManagementIncome
2198000 usd
hpp Management Income
ManagementIncome
2123000 usd
us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q2 us-gaap Goodwill
Goodwill
264100000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
264100000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Land
Land
1249014000 usd
CY2023Q4 us-gaap Land
Land
1220339000 usd
CY2024Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
6189247000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5969364000 usd
CY2024Q2 us-gaap Tenant Improvements
TenantImprovements
747809000 usd
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
818653000 usd
CY2024Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
6012000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
8609000 usd
CY2024Q2 us-gaap Development In Process
DevelopmentInProcess
202422000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
195931000 usd
CY2024Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8394504000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8212896000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
168111000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
156565000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47350000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
37782000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
120761000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
118783000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
329310000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
326950000 usd
CY2024Q2 hpp Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
24997000 usd
CY2023Q4 hpp Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
27751000 usd
CY2024Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
18700000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
500000 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
25000000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 usd
CY2024Q2 hpp Deferred Rent Receivables Gross
DeferredRentReceivablesGross
217500000 usd
CY2024Q2 hpp Allowance For Doubtful Deferred Rent Receivables
AllowanceForDoubtfulDeferredRentReceivables
0 usd
CY2023Q4 hpp Deferred Rent Receivables Gross
DeferredRentReceivablesGross
220800000 usd
CY2023Q4 hpp Allowance For Doubtful Deferred Rent Receivables
AllowanceForDoubtfulDeferredRentReceivables
0 usd
CY2024Q2 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
47557000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
48581000 usd
CY2024Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1999000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2412000 usd
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
12564000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
6441000 usd
CY2024Q2 hpp Deferred Financing Costs Net
DeferredFinancingCostsNet
3240000 usd
CY2023Q4 hpp Deferred Financing Costs Net
DeferredFinancingCostsNet
4316000 usd
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
0 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
2075000 usd
CY2024Q2 us-gaap Prepaid Insurance
PrepaidInsurance
20394000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
10611000 usd
CY2024Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
23295000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
19709000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
109049000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
94145000 usd
CY2024Q2 hpp Non Real Estate Investments Unrealized Gain Loss On Change In Fair Value
NonRealEstateInvestmentsUnrealizedGainLossOnChangeInFairValue
-1000000 usd
hpp Non Real Estate Investments Unrealized Gain Loss On Change In Fair Value
NonRealEstateInvestmentsUnrealizedGainLossOnChangeInFairValue
-1900000 usd
CY2023Q2 hpp Non Real Estate Investments Unrealized Gain Loss On Change In Fair Value
NonRealEstateInvestmentsUnrealizedGainLossOnChangeInFairValue
-800000 usd
hpp Non Real Estate Investments Unrealized Gain Loss On Change In Fair Value
NonRealEstateInvestmentsUnrealizedGainLossOnChangeInFairValue
16800 usd
hpp Debt Instrument Duration Used In Interest Rate Calculation
DebtInstrumentDurationUsedInInterestRateCalculation
P360D
hpp Debt Instrument Covenant Compliance Maximum Leverage Ratio
DebtInstrumentCovenantComplianceMaximumLeverageRatio
0.65
CY2024Q2 hpp Debt Instrument Covenant Compliance Actual Leverage Ratio
DebtInstrumentCovenantComplianceActualLeverageRatio
0.481
hpp Debt Instrument Covenant Compliance Maximum Unencumbered Leverage Ratio
DebtInstrumentCovenantComplianceMaximumUnencumberedLeverageRatio
0.65
CY2024Q2 hpp Debt Instrument Covenant Compliance Unencumbered Leverage Ratio Actual
DebtInstrumentCovenantComplianceUnencumberedLeverageRatioActual
0.426
hpp Debt Instrument Covenant Compliance Minimum Fixed Charge Coverage Ratio
DebtInstrumentCovenantComplianceMinimumFixedChargeCoverageRatio
1.5
hpp Debt Instrument Covenant Compliance Fixed Charge Coverage Ratio Actual
DebtInstrumentCovenantComplianceFixedChargeCoverageRatioActual
1.7
hpp Debt Instrument Covenant Compliance Maximum Secured Indebtedness Leverage Ratio
DebtInstrumentCovenantComplianceMaximumSecuredIndebtednessLeverageRatio
0.45
hpp Debt Instrument Covenant Compliance Maximum Secured Indebtedness Leverage Ratio Actual
DebtInstrumentCovenantComplianceMaximumSecuredIndebtednessLeverageRatioActual
0.210
hpp Debt Instrument Covenant Compliance Minimum Unsecured Interest Coverage Ratio
DebtInstrumentCovenantComplianceMinimumUnsecuredInterestCoverageRatio
2.0
hpp Debt Instrument Covenant Compliance Minimum Unsecured Interest Coverage Ratio Actual
DebtInstrumentCovenantComplianceMinimumUnsecuredInterestCoverageRatioActual
2.4
hpp Debt Instrument Covenant Compliance Maximum Total Leverage And Unsecured Leverage Threshold
DebtInstrumentCovenantComplianceMaximumTotalLeverageAndUnsecuredLeverageThreshold
0.60
CY2023Q4 hpp Debt Instrument Covenant Compliance Maximum Total Leverage And Unsecured Leverage Threshold
DebtInstrumentCovenantComplianceMaximumTotalLeverageAndUnsecuredLeverageThreshold
0.65
hpp Debt Instrument Covenant Compliance Debt To Total Asset
DebtInstrumentCovenantComplianceDebtToTotalAsset
0.60
hpp Debt Instrument Covenant Compliance Debt To Total Asset Actual
DebtInstrumentCovenantComplianceDebtToTotalAssetActual
0.442
hpp Debt Instrument Covenant Compliance Unencumbered Assets To Unsecured Debt
DebtInstrumentCovenantComplianceUnencumberedAssetsToUnsecuredDebt
1.50
hpp Debt Instrument Covenant Compliance Unencumbered Assets To Unsecured Debt Actual
DebtInstrumentCovenantComplianceUnencumberedAssetsToUnsecuredDebtActual
2.409
hpp Debt Instrument Covenant Compliance Consolidated Income Available For Debt Service To Annual Debt Service Charge
DebtInstrumentCovenantComplianceConsolidatedIncomeAvailableForDebtServiceToAnnualDebtServiceCharge
1.5
hpp Debt Instrument Covenant Compliance Consolidated Income Available For Debt Service To Annual Debt Service Charge Actual
DebtInstrumentCovenantComplianceConsolidatedIncomeAvailableForDebtServiceToAnnualDebtServiceChargeActual
1.7
hpp Debt Instrument Covenant Compliance Secured Debt To Total Assets
DebtInstrumentCovenantComplianceSecuredDebtToTotalAssets
0.45
hpp Debt Instrument Covenant Compliance Secured Debt To Total Assets Actual
DebtInstrumentCovenantComplianceSecuredDebtToTotalAssetsActual
0.192
CY2024Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
53077000 usd
CY2023Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
54425000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
103733000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
107723000 usd
CY2024Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
10912000 usd
CY2023Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
7311000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
19394000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
14173000 usd
CY2024Q2 hpp Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
1994000 usd
CY2023Q2 hpp Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
7534000 usd
hpp Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
3909000 usd
hpp Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
14905000 usd
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
44159000 usd
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
54648000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
88248000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
108455000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
8400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 usd
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1999000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2412000 usd
CY2024Q2 hpp Deferred Tax Liabilities Net Of Valuation Allowance
DeferredTaxLiabilitiesNetOfValuationAllowance
3763000 usd
CY2023Q4 hpp Deferred Tax Liabilities Net Of Valuation Allowance
DeferredTaxLiabilitiesNetOfValuationAllowance
3705000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1764000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1293000 usd
CY2024Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
66619000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
54163000 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
39984000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
29477000 usd
CY2024Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
28399000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
25979000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1764000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1293000 usd
CY2024Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
0 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
288174000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
502770000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
452398000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
397368000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
331781000 usd
CY2024Q2 hpp Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
833471000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2805962000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
694500000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
378800000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
363800000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
20690000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
40513000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
38937000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
36265000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
34364000 usd
CY2024Q2 hpp Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
523743000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
694512000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
315727000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
378785000 usd
CY2024Q2 hpp Lessee Operating Lease Contingent Rental Expense
LesseeOperatingLeaseContingentRentalExpense
2754000 usd
CY2023Q2 hpp Lessee Operating Lease Contingent Rental Expense
LesseeOperatingLeaseContingentRentalExpense
3384000 usd
hpp Lessee Operating Lease Contingent Rental Expense
LesseeOperatingLeaseContingentRentalExpense
4857000 usd
hpp Lessee Operating Lease Contingent Rental Expense
LesseeOperatingLeaseContingentRentalExpense
6387000 usd
CY2024Q2 hpp Lessee Operating Lease Minimum Rental Expense
LesseeOperatingLeaseMinimumRentalExpense
11313000 usd
CY2023Q2 hpp Lessee Operating Lease Minimum Rental Expense
LesseeOperatingLeaseMinimumRentalExpense
11093000 usd
hpp Lessee Operating Lease Minimum Rental Expense
LesseeOperatingLeaseMinimumRentalExpense
22632000 usd
hpp Lessee Operating Lease Minimum Rental Expense
LesseeOperatingLeaseMinimumRentalExpense
22180000 usd
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
12564000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
6441000 usd
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
472000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
549000 usd
CY2024Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
5000000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
5000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
5000000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6918000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6311000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13485000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11547000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
484000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
682000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1089000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1354000 usd
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
7402000 usd
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
6993000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
14574000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
12901000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-47027000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-47027000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36163000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-36163000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-99229000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-99229000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-56590000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-56590000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141181450 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140909747 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141151893 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140967066 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141181450 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140909747 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141151893 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140967066 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.40
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.40
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
8299000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
5288000 usd
CY2024Q2 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Common Shares
NoncontrollingInterestOwnershipByNoncontrollingOwnersCommonShares
550969 shares
CY2024Q2 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Preferred Shares
NoncontrollingInterestOwnershipByNoncontrollingOwnersPreferredShares
3126858 shares
CY2023Q4 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Common Shares
NoncontrollingInterestOwnershipByNoncontrollingOwnersCommonShares
550969 shares
CY2023Q4 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Preferred Shares
NoncontrollingInterestOwnershipByNoncontrollingOwnersPreferredShares
2259464 shares
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.375
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.375
CY2024Q2 hpp Common Units Dividends Per Share Cash Paid
CommonUnitsDividendsPerShareCashPaid
0.05
CY2024Q2 hpp Common Units Dividends Per Share Declared
CommonUnitsDividendsPerShareDeclared
0.05
CY2023Q2 hpp Common Units Dividends Per Share Declared
CommonUnitsDividendsPerShareDeclared
0.125
CY2023Q2 hpp Common Units Dividends Per Share Cash Paid
CommonUnitsDividendsPerShareCashPaid
0.125
hpp Common Units Dividends Per Share Cash Paid
CommonUnitsDividendsPerShareCashPaid
0.10
hpp Common Units Dividends Per Share Declared
CommonUnitsDividendsPerShareDeclared
0.10
hpp Common Units Dividends Per Share Cash Paid
CommonUnitsDividendsPerShareCashPaid
0.375
hpp Common Units Dividends Per Share Declared
CommonUnitsDividendsPerShareDeclared
0.375
CY2024Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.3906
CY2023Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.3906
CY2024Q2 hpp Performance Units Dividends Per Share Cash Paid
PerformanceUnitsDividendsPerShareCashPaid
0.05
CY2024Q2 hpp Performance Units Dividends Per Share Declared
PerformanceUnitsDividendsPerShareDeclared
0.05
CY2023Q2 hpp Performance Units Dividends Per Share Cash Paid
PerformanceUnitsDividendsPerShareCashPaid
0.125
CY2023Q2 hpp Performance Units Dividends Per Share Declared
PerformanceUnitsDividendsPerShareDeclared
0.125
hpp Performance Units Dividends Per Share Cash Paid
PerformanceUnitsDividendsPerShareCashPaid
0.10
hpp Performance Units Dividends Per Share Declared
PerformanceUnitsDividendsPerShareDeclared
0.10
hpp Performance Units Dividends Per Share Cash Paid
PerformanceUnitsDividendsPerShareCashPaid
0.375
hpp Performance Units Dividends Per Share Declared
PerformanceUnitsDividendsPerShareDeclared
0.375
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Gross Profit
GrossProfit
104744000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
133722000 usd
us-gaap Gross Profit
GrossProfit
208711000 usd
us-gaap Gross Profit
GrossProfit
274687000 usd
CY2024Q2 us-gaap Revenues
Revenues
218000000 usd
CY2023Q2 us-gaap Revenues
Revenues
245168000 usd
us-gaap Revenues
Revenues
432023000 usd
us-gaap Revenues
Revenues
497431000 usd
CY2024Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
113256000 usd
CY2023Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
111446000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
223312000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
222744000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
104744000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
133722000 usd
us-gaap Gross Profit
GrossProfit
208711000 usd
us-gaap Gross Profit
GrossProfit
274687000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-47557000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-31474000 usd
us-gaap Profit Loss
ProfitLoss
-100912000 usd
us-gaap Profit Loss
ProfitLoss
-46293000 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20705000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18941000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40415000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
37665000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86798000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
98935000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
178652000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
196074000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2481000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-715000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3224000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1460000 usd
CY2024Q2 hpp Fee Income Non Operating
FeeIncomeNonOperating
1371000 usd
CY2023Q2 hpp Fee Income Non Operating
FeeIncomeNonOperating
2284000 usd
hpp Fee Income Non Operating
FeeIncomeNonOperating
2496000 usd
hpp Fee Income Non Operating
FeeIncomeNonOperating
4686000 usd
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
44159000 usd
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
54648000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
88248000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
108455000 usd
CY2024Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
579000 usd
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
236000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1433000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
607000 usd
CY2024Q2 hpp Management Income
ManagementIncome
1042000 usd
CY2023Q2 hpp Management Income
ManagementIncome
1059000 usd
hpp Management Income
ManagementIncome
2198000 usd
hpp Management Income
ManagementIncome
2123000 usd
CY2024Q2 us-gaap Management Fee Expense
ManagementFeeExpense
1042000 usd
CY2023Q2 us-gaap Management Fee Expense
ManagementFeeExpense
1059000 usd
us-gaap Management Fee Expense
ManagementFeeExpense
2198000 usd
us-gaap Management Fee Expense
ManagementFeeExpense
2123000 usd
CY2024Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-113000 usd
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-2530000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2037000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-1344000 usd
CY2024Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1045000 usd
CY2023Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-843000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-1943000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-4000 usd
CY2024Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
CY2023Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
7046000 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1334000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
138000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1477000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
135000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
510000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6302000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
510000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1140000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
104744000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
133722000 usd
us-gaap Gross Profit
GrossProfit
208711000 usd
us-gaap Gross Profit
GrossProfit
274687000 usd
CY2024Q2 hpp Management Income
ManagementIncome
1000000 usd
hpp Management Income
ManagementIncome
2200000 usd
CY2023Q2 hpp Management Income
ManagementIncome
1100000 usd
hpp Management Income
ManagementIncome
2100000 usd
us-gaap Interest Paid Net
InterestPaidNet
78981000 usd
us-gaap Interest Paid Net
InterestPaidNet
89393000 usd
hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
95782000 usd
hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
143881000 usd
hpp Ground Lease Re Measurement
GroundLeaseReMeasurement
0 usd
hpp Ground Lease Re Measurement
GroundLeaseReMeasurement
4111000 usd
hpp Redemption Of Common Units In The Operating Partnership
RedemptionOfCommonUnitsInTheOperatingPartnership
133000 usd
hpp Redemption Of Common Units In The Operating Partnership
RedemptionOfCommonUnitsInTheOperatingPartnership
0 usd
hpp Noncash Investing And Financing Activities Consolidation Of Previously Unconsolidated Real Estate Entity Assets
NoncashInvestingAndFinancingActivitiesConsolidationOfPreviouslyUnconsolidatedRealEstateEntityAssets
197968000 usd
hpp Noncash Investing And Financing Activities Consolidation Of Previously Unconsolidated Real Estate Entity Assets
NoncashInvestingAndFinancingActivitiesConsolidationOfPreviouslyUnconsolidatedRealEstateEntityAssets
0 usd
hpp Noncash Investing And Financing Activities Consolidation Of Previously Unconsolidated Real Estate Entity Liabilities
NoncashInvestingAndFinancingActivitiesConsolidationOfPreviouslyUnconsolidatedRealEstateEntityLiabilities
86565000 usd
hpp Noncash Investing And Financing Activities Consolidation Of Previously Unconsolidated Real Estate Entity Liabilities
NoncashInvestingAndFinancingActivitiesConsolidationOfPreviouslyUnconsolidatedRealEstateEntityLiabilities
0 usd
hpp Noncash Investing And Financing Activities Consolidation Of Previously Unconsolidated Real Estate Entity Derecognition Of Equity Method Investment
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55593000 usd
hpp Noncash Investing And Financing Activities Consolidation Of Previously Unconsolidated Real Estate Entity Derecognition Of Equity Method Investment
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0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100391000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
255761000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18765000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
29970000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119156000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
285731000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78458000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
109220000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
21482000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18583000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99940000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127803000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001482512-24-000085-index.html Edgar Link pending
0001482512-24-000085.txt Edgar Link pending
0001482512-24-000085-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hpp-20240630.htm Edgar Link pending
hpp-20240630.xsd Edgar Link pending
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