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Hudson Pacific Properties vs Terreno Realty: HPP and TRNO compared
Hudson Pacific Properties is the larger company: $188M of revenue in its latest quarter (Q2 2026) against $132M for Terreno Realty (Q3 2026). Terreno Realty is growing faster (+14% against -0.9% a year earlier). Terreno Realty is more profitable, with an operating margin of 42.2% against -55.4%.
Where the money goes: HPP and TRNO
Hudson Pacific Properties (HPP) · Q2 2026
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.
Terreno Realty (TRNO) · Q3 2026
Terreno Realty, Q3 2026: revenue $132M (+14% year over year), operating margin 42.2%, net earnings $68.1M, operating cash flow $81.2M. The chart follows the revenue to costs, profit and cash.
| Hudson Pacific Properties (HPP) | Terreno Realty (TRNO) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $188M | $132M |
| Revenue growth, Y/Y | -0.9% | +14% |
| Operating margin | -55.4% | 42.2% |
| Net earnings | −$105M | $68.1M |
| Net margin | -55.6% | 51.5% |
| Operating cash flow | −$8.0M | $81.2M |
| Free cash flow | — | $54.1M |
| Market value | — | $7.0B |
| P/E | — | 19.1× |
| Analysts’ mean target | — | $73.59 |
Where the revenue comes from
Hudson Pacific Properties
- Office: $153M (81%)
- Studio: $35.2M (19%)
Questions
Which is bigger, Hudson Pacific Properties or Terreno Realty?
Hudson Pacific Properties is the larger company: $188M of revenue in its latest quarter (Q2 2026) against $132M for Terreno Realty (Q3 2026).
Is Hudson Pacific Properties or Terreno Realty growing faster?
Terreno Realty is growing faster (+14% against -0.9% a year earlier).
Which is more profitable, Hudson Pacific Properties or Terreno Realty?
Terreno Realty is more profitable, with an operating margin of 42.2% against -55.4%.
More: Hudson Pacific Properties earnings · how Hudson Pacific Properties makes money · Terreno Realty earnings · how Terreno Realty makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.