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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Total revenues $ 151,819 $ 62,129 $ 214,643 $ 117,725
Operating expenses        
General and administrative 10,373 6,579 19,573 12,355
Depreciation and amortization 73,592 17,944 90,750 34,612
Total operating expenses 135,725 48,934 185,223 93,310
Income from operations 16,094 13,195 29,420 24,415
Other (income) expense        
Interest expense 14,113 6,445 19,606 12,969
Interest income (48) (11) (101) (20)
Acquisition-related expenses 37,481 0 43,525 105
Other expenses 40 12 (1) 13
Total other expenses 51,586 6,446 63,029 13,067
(Loss) income from continuing operations before (loss) gain on sale of real estate (35,492) 6,749 (33,609) 11,348
(Loss) gain on sale of real estate (591) 0 22,100 0
(Loss) income from continuing operations (36,083) 6,749 (11,509) 11,348
Loss from discontinued operations 0 (60) 0 (126)
Net loss from discontinued operations 0 (60) 0 (126)
Net (loss) income (36,083) 6,689 (11,509) 11,222
Comprehensive income attributable to common units in the Operating Partnership 12,263 (93) 11,686 (120)
Net income attributable to preferred stock and units (3,195) (3,195) (6,390) (6,395)
Net income attributable to restricted shares (80) (69) (150) (138)
Comprehensive (income) loss attributable to non-controlling interest in consolidated real estate entities (1,893) 61 (3,395) 104
Net loss (income) attributable to common units in the Operating Partnership 16,008 (121) 15,412 (168)
Net (loss) income attributable to Hudson Pacific Properties, Inc. common stockholders $ (25,243) $ 3,365 $ (6,032) $ 4,625
Net income (loss) from continuing operations attributable to common stockholders (in usd per share) $ (0.28) $ 0.05 $ (0.07) $ 0.07
Net (loss) income attributable to common stockholders’ per share—basic and diluted (in usd per share) $ (0.28) $ 0.05 $ (0.07) $ 0.07
Weighted average shares of common stock outstanding - basic (shares) 88,894,258 66,485,639 82,906,087 65,063,596
Weighted average shares of common stock outstanding - diluted (shares) 88,894,258 69,421,621 82,906,087 67,997,167
Dividends declared per share of common stock (in usd per share) $ 0.125 $ 0.125 $ 0.25 $ 0.250
Office        
Revenues        
Rental $ 120,052 $ 39,905 $ 161,628 $ 75,915
Tenant recoveries 17,790 5,988 23,854 11,559
Parking and other 5,716 7,013 11,011 11,492
Total revenues 143,558 52,906 196,493 98,966
Operating expenses        
Operating expenses 46,691 18,573 63,826 34,500
Media & Entertainment        
Revenues        
Rental 5,394 5,958 10,861 11,407
Tenant recoveries 253 384 493 704
Parking and other 58 70 131 203
Other property-related revenue 2,556 2,811 6,665 6,445
Total revenues 8,261 9,223 18,150 18,759
Operating expenses        
Operating expenses 5,069 5,838 11,074 11,843
Hudson Pacific Partners L.P.        
Revenues        
Total revenues 151,819 62,129 214,643 117,725
Operating expenses        
General and administrative 10,373 6,579 19,573 12,355
Depreciation and amortization 73,592 17,944 90,750 34,612
Total operating expenses 135,725 48,934 185,223 93,310
Income from operations 16,094 13,195 29,420 24,415
Other (income) expense        
Interest expense 14,113 6,445 19,606 12,969
Interest income (48) (11) (101) (20)
Acquisition-related expenses 37,481 0 43,525 105
Other income 40 12 (1) 13
Total other expenses 51,586 6,446 63,029 13,067
(Loss) income from continuing operations before (loss) gain on sale of real estate (35,492) 6,749 (33,609) 11,348
(Loss) gain on sale of real estate (591) 0 22,100 0
(Loss) income from continuing operations (36,083) 6,749 (11,509) 11,348
Loss from discontinued operations 0 (60) 0 (126)
Net (loss) income (36,083) 6,689 (11,509) 11,222
Comprehensive income attributable to common units in the Operating Partnership (1,893) 61 (3,395) 104
Net (loss) income attributable to Hudson Pacific Properties, Inc. common stockholders (37,976) 6,750 (14,904) 11,326
Preferred Distributions Made to Partners (3,195) (3,195) (6,390) (6,395)
Net income attributable to restricted shares (80) (69) (150) (138)
Net (loss) income available to common unitholders $ (41,251) $ 3,486 $ (21,444) $ 4,793
Net (loss) income from continuing operations attributable to common unitholders (in dollars per share) $ (0.28) $ 0.05 $ (0.19) $ 0.07
Net (loss) income attributable to common unitholders per unit—basic (in dollars per share) (0.28) 0.05 (0.19) 0.07
Net (loss) income attributable to common unitholders per unit—diluted (in dollars per share) $ (0.28) $ 0.05 $ (0.19) $ 0.07
Weighted average shares of common units outstanding—basic (in shares) 145,264,166 68,868,202 112,582,252 67,446,159
Weighted average shares of common units outstanding—diluted (in shares) 145,264,166 71,804,184 112,582,252 70,379,730
Hudson Pacific Partners L.P. | Office        
Revenues        
Rental $ 120,052 $ 39,905 $ 161,628 $ 75,915
Tenant recoveries 17,790 5,988 23,854 11,559
Parking and other 5,716 7,013 11,011 11,492
Total revenues 143,558 52,906 196,493 98,966
Operating expenses        
Operating expenses 46,691 18,573 63,826 34,500
Hudson Pacific Partners L.P. | Media & Entertainment        
Revenues        
Rental 5,394 5,958 10,861 11,407
Tenant recoveries 253 384 493 704
Parking and other 58 70 131 203
Other property-related revenue 2,556 2,811 6,665 6,445
Total revenues 8,261 9,223 18,150 18,759
Operating expenses        
Operating expenses 5,069 5,838 11,074 11,843
Series A | Hudson Pacific Partners L.P.        
Other (income) expense        
Preferred Distributions Made to Partners (159) (159) (318) (323)
Series B Preferred Stock | Hudson Pacific Partners L.P.        
Other (income) expense        
Preferred Distributions Made to Partners $ (3,036) $ (3,036) $ (6,072) $ (6,072)