Last $31.96 USD
Change Today +0.92 / 2.96%
Volume 926.4K
HPP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

hudson pacific properties in (HPP) Snapshot

Open
$31.19
Previous Close
$31.04
Day High
$32.01
Day Low
$31.09
52 Week High
01/28/15 - $33.22
52 Week Low
04/14/14 - $22.13
Market Cap
2.6B
Average Volume 10 Days
555.8K
EPS TTM
$0.15
Shares Outstanding
79.8M
EX-Date
12/17/14
P/E TM
213.1x
Dividend
$0.50
Dividend Yield
1.56%
Current Stock Chart for HUDSON PACIFIC PROPERTIES IN (HPP)

hudson pacific properties in (HPP) Related Businessweek News

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hudson pacific properties in (HPP) Details

Hudson Pacific Properties, Inc. operates as a vertically integrated real estate trust (REIT) in the United States. It engages in owning, operating, and acquiring office, and media and entertainment properties primarily in Northern and Southern California in Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley, and the East Bay. As of March 31, 2011, it owned a portfolio of 15 office properties; and 2 media and entertainment properties in California comprising approximately 4.4 million square feet. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. The company is based in Los Angeles, California.

hudson pacific properties in (HPP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.8M
Co-Founder and Consultant
Total Annual Compensation: $900.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $900.0K
Executive Vice President of Operations & Deve...
Total Annual Compensation: $775.0K
Chief Investment Officer
Total Annual Compensation: $685.0K
Compensation as of Fiscal Year 2013.

hudson pacific properties in (HPP) Key Developments

Hudson Pacific Properties, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Hudson Pacific Properties, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, funds from operations (excluding specified items totaled $22.2 million, or $0.32 per diluted share, compared to FFO (excluding specified items) of $15.6 million, or $0.26 per share, a year ago. FFO, including the specified items, totaled $16.6 million, or $0.24 per diluted share, for the three months ended December 31, 2014, compared to $15.9 million, or $0.27 per share, a year ago. The company reported a net loss attributable to common stockholders of $2.3 million, or $(0.03) per diluted share compared to a net loss attributable to common stockholders of $0.1 million, or $0.00 per diluted share, for the three months ended December 31, 2013. Total revenue from continuing operations during the quarter increased 19.8% to $68.8 million from $57.4 million for the same quarter a year ago. As a result, income from operations increased 11.8% to $11.6 million for the fourth quarter of 2014, compared to income from operations of $10.4 million for the same quarter a year ago. The primary reasons for the increases in total revenue and total operating expenses are discussed below in connection with the Company’s segment operating results. Net income was $0.885 million against net loss of $3.269 million a year ago. Net loss income attributable to Hudson Pacific Properties, Inc. common stockholders was $2.290 million or $0.03 per share against $0.083 million a year ago. For the year, the company reported total revenue from continuing operations was $253.4 million, an increase of 23.3% from $205.6 million in the same period the prior year. Total operating expenses from continuing operations were $204.7 million, compared to $177.6 million in the same period a year ago. As a result, income from operations increased 74.1% to $48.7 million for the year ended December 31, 2014, compared to income from operations of $28.0 million for the prior year. Net income attributable to Hudson Pacific Properties, Inc. common stockholders was $9.955 million or $0.15 per basic and diluted share compared to net loss of $14.833 million or $0.27 per basic and diluted share a year ago. FFO to common shareholders and unit holders was $71.942 million or $1.04 per diluted share compared to $58.702 million or $1.04 per diluted share a year ago. FFO (excluding specified items) to common shareholders and unit holders was $79.891 million or $1.16 per diluted share compared to $57.760 million or $0.99 per diluted share a year ago. Net income was $23.522 million against net loss of $2.594 million a year ago. The company is providing full-year 2015 FFO guidance in the range of $1.42 to $1.48 per diluted share (excluding specified items). This guidance reflects the acquisitions, dispositions, financings and leasing activity referenced in this press release and all previously announced acquisitions, dispositions, financings and leasing activity, including the Company’s pending EOP Northern California Portfolio acquisition and the on-going, temporary impact on tenancy of construction and leasing activities at the Sunset Bronson property. The full-year 2015 FFO estimate reflects management’s view of current and future market conditions, including assumptions with respect to rental rates, occupancy levels and the earnings impact of events referenced in this release, but otherwise excludes any impact from future unannounced or speculative acquisitions, dispositions, debt financings or repayments, recapitalizations, capital market activity or similar matters.

Hudson Pacific Properties, Inc. to Report Q4, 2014 Results on Feb 26, 2015

Hudson Pacific Properties, Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 26, 2015

Hudson Pacific Properties, Inc., Q4 2014 Earnings Call, Feb 26, 2015

Hudson Pacific Properties, Inc., Q4 2014 Earnings Call, Feb 26, 2015

 

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Industry Average

Valuation HPP Industry Range
Price/Earnings 100.0x
Price/Sales 8.1x
Price/Book 2.0x
Price/Cash Flow 25.5x
TEV/Sales 4.9x
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