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Hudson Pacific Properties (HPP) guidance and outlook
Hudson Pacific Properties (HPP) raised its guidance on Nov 5, 2026: FFO $2.5M for FY2026. Hudson Pacific Properties' 10-Q filed Aug 10, 2026 makes 11 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| FFO | FY2026 | $2.5M | raised |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Aug 10, 2026
- • adverse economic or real estate developments in our target markets;
- • an increase in office NOI of $5.3 million primarily driven by the following 2026 activity: an extension of the City of San Francisco lease at our 1455 Market property, prior period tax refunds received at our Skyport Plaza property and a reduction in operating expenses at our 901 Market property in connection with its repositioning project.
- • a decrease in office NOI of $6.0 million primarily resulting from the sale of our Element LA property in the fourth quarter of 2025, the commencement of a repositioning project at 6040 Sunset in the first quarter of 2026 and increased operating expenses at our Washington 1000 property after it was placed in service during the first quarter of 2026; partially offset by
- The change was primarily due to a reduction in development fees associated with our Sunset Pier 94 Studios development project, which was substantially completed during the first quarter of 2026.
- Capitalized interest decreased by $4.8 million, or 46.9%, to $5.5 million for the three months ended June 30, 2026 compared to $10.3 million for the three months ended June 30, 2025 primarily due to the completion of our Washington 1000 and Sunset Pier 94 Studios development projects and the cessation of interest capitalization at our Sunset Glenoaks Studios property in the second quarter of 2025.
- • a decrease in office NOI of $14.0 million primarily resulting from the sales of our Element LA, Foothill Research Center and 625 Second properties in 2025, increased operating expenses at our Washington 1000 property after it was placed in service during the first quarter of 2026 and the commencement of a repositioning project at our 6040 Sunset property in the first quarter of 2026; partially offset by
- • a decrease in office NOI of $0.8 million primarily due to higher operating expenses at our 1455 Market property in 2026 due to the lease-up of the building and lower ground rent expense at our Palo Alto Square property in 2025, offset by prior period tax refunds at our Skyport Plaza property in 2026 and lower operating expenses at our 901 Market property in 2026 in connection with its repositioning project.
- Capitalized interest decreased by $9.2 million, or 45.3%, to $11.1 million for the six months ended June 30, 2026 compared to $20.4 million for the six months ended June 30, 2025 primarily due to the completion of our Washington 1000 and Sunset Pier 94 Studios development projects and the cessation of interest capitalization at our Sunset Glenoaks Studios property in the second quarter of 2025.
- We currently expect that our principal sources of funds to meet our short-term and long-term liquidity requirements for working capital, strategic acquisitions, capital expenditures, tenant improvements, leasing costs, dividends and distributions, share repurchases and repayments of outstanding debt financing will include:
- Our ability to access the equity capital markets will be dependent on a number of factors as well, including general market conditions for REITs and market perceptions about us.
- Our ability to incur additional debt will be dependent on a number of factors, including our degree of leverage, the value of our unencumbered assets and borrowing restrictions that may be imposed by lenders.
Hudson Pacific Properties' latest quarter
Hudson Pacific Properties, Q2 2026: revenue $188M (-0.9% year over year), operating margin -55.4%, net loss $105M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
Questions
Did Hudson Pacific Properties raise or lower its guidance?
Hudson Pacific Properties (HPP) raised its guidance on Nov 5, 2026: FFO $2.5M for FY2026.
What does Hudson Pacific Properties expect?
• adverse economic or real estate developments in our target markets; • an increase in office NOI of $5.3 million primarily driven by the following 2026 activity: an extension of the City of San Francisco lease at our 1455 Market property, prior period tax refunds received at our Skyport Plaza property and a reduction in operating expenses at our 901 Market property in connection with its repositioning project. • a decrease in office NOI of $6.0 million primarily resulting from the sale of our Element LA property in the fourth quarter of 2025, the commencement of a repositioning project at 604
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.