v2.3.0.11
Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Total revenues $ 33,407 $ 11,087 $ 68,211 $ 22,068
Operating expenses        
General and administrative 3,062 0 6,208 0
Depreciation and amortization 10,626 2,955 21,987 5,668
Total operating expenses 28,992 9,313 58,952 17,754
Income from operations 4,415 1,774 9,259 4,314
Other expense (income)        
Interest expense 4,530 2,331 9,172 4,413
Interest income (23) (3) (31) (6)
Unrealized (gain) of interest rate contracts 0 (140) 0 (347)
Acquisition-related expenses 0 2,433 0 2,433
Other expenses 118 0 235 0
Total other income (expense) 4,625 4,621 9,376 6,493
Net loss (210) (2,847) (117) (2,179)
Less: Net income attributable to preferred stock and units (2,027) (4) (4,054) (4)
Less: Net income attributable to restricted shares (62) 0 (124) 0
Less: Net (income) loss attributable to non-controlling members in consolidated real estate entities 10 32 (803) 29
Add: Net loss attributable to unitholders in the Operating Partnership 188 256 487 256
Net loss attributable to Hudson Pacific Properties, Inc. shareholders’ / controlling member’s equity (2,101) (2,563) (4,611) (1,898)
Net loss attributable to shareholders’ per share - basic and diluted $ (0.07) $ 0.00 $ (0.18) $ 0.00
Weighted average shares of common stock outstanding - basic and diluted 29,161,139 0 25,575,051 0
Dividends declared per common share $ 0.125 $ 0.000 $ 0.25 $ 0.000
Office
       
Revenues        
Rental 17,821 3,285 35,335 6,265
Tenant recoveries 6,116 374 12,147 785
Other 99 79 2,186 160
Total revenues 24,036 3,738 49,668 7,210
Operating expenses        
Operating expenses 9,533 1,639 19,807 2,837
Media & Entertainment
       
Revenues        
Rental 5,592 4,944 11,072 10,229
Tenant recoveries 516 449 859 816
Other property-related revenue 3,242 1,949 6,513 3,800
Other 21 7 99 13
Total revenues 9,371 7,349 18,543 14,858
Operating expenses        
Operating expenses $ 5,771 $ 4,719 $ 10,950 $ 9,249