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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Total revenues $ 153,537 $ 62,824
Operating expenses    
General and administrative 12,503 9,200
Depreciation and amortization 68,368 17,158
Total operating expenses 134,526 49,498
Income from operations 19,011 13,326
Other expense (income)    
Interest expense 17,251 5,493
Interest income (13) (53)
Unrealized loss on ineffective portion of derivative instruments (2,125) 0
Acquisition-related expenses 0 6,044
Other expense (income) 24 (41)
Total other expenses 19,387 11,443
(Loss) income before gain on sale of real estate (376) 1,883
Gain on sale of real estate 6,352 22,691
Net income 5,976 24,574
Net income attributable to preferred stock and units (159) (3,195)
Net income attributable to restricted shares (197) (70)
Comprehensive income attributable to non-controlling interest in consolidated real estate entities (1,945) (1,502)
Net income attributable to common units in the operating partnership (1,422) (596)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders $ 2,253 $ 19,211
Net income attributable to common stockholders’ per share— basic (in dollars per share) $ 0.03 $ 0.25
Net income attributable to common stockholders’ per share— diluted (in dollars per share) $ 0.03 $ 0.25
Weighted average shares of common stock outstanding—basic (in shares) 89,190,803 76,783,351
Weighted average shares of common stock outstanding - diluted (in shares 89,597,803 77,330,351
Hudson Pacific Partners L.P.    
Revenues    
Total revenues $ 153,537 $ 62,824
Operating expenses    
General and administrative 12,503 9,200
Depreciation and amortization 68,368 17,158
Total operating expenses 134,526 49,498
Income from operations 19,011 13,326
Other expense (income)    
Interest expense 17,251 5,493
Interest income (13) (53)
Unrealized loss on ineffective portion of derivative instruments (2,125) 0
Acquisition-related expenses 0 6,044
Other expense (income) 24 (41)
Total other expenses 19,387 11,443
(Loss) income before gain on sale of real estate (376) 1,883
Gain on sale of real estate 6,352 22,691
Net income 5,976 24,574
Comprehensive income attributable to non-controlling interest in consolidated real estate entities (1,945) (1,502)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders 4,031 23,072
Preferred Distributions Made to Partners (159) (3,195)
Net income attributable to restricted shares (197) (70)
Net income available to common unitholders $ 3,675 $ 19,807
Net income attributable to common unitholders per unit—basic (in dollars per share) $ 0.03 $ 0.25
Net income attributable to common unitholders per unit—diluted (in dollars per share) $ 0.03 $ 0.25
Weighted average shares of common units outstanding—basic (in shares) 145,487,118 79,165,914
Weighted average shares of common units outstanding—diluted (in shares) 145,894,118 79,712,914
Series A Preferred Stock | Hudson Pacific Partners L.P.    
Other expense (income)    
Preferred Distributions Made to Partners $ (159) $ (159)
Series B Preferred Stock | Hudson Pacific Partners L.P.    
Other expense (income)    
Preferred Distributions Made to Partners 0 (3,036)
Office    
Revenues    
Rental 116,227 41,576
Tenant recoveries 20,533 6,064
Parking and other 5,532 5,295
Total revenues 142,292 52,935
Operating expenses    
Operating expenses 47,703 17,135
Office | Hudson Pacific Partners L.P.    
Revenues    
Rental 116,227 41,576
Tenant recoveries 20,533 6,064
Parking and other 5,532 5,295
Total revenues 142,292 52,935
Operating expenses    
Operating expenses 47,703 17,135
Media & Entertainment    
Revenues    
Rental 6,028 5,467
Tenant recoveries 199 240
Parking and other 49 73
Other property-related revenue 4,969 4,109
Total revenues 11,245 9,889
Operating expenses    
Operating expenses 5,952 6,005
Media & Entertainment | Hudson Pacific Partners L.P.    
Revenues    
Rental 6,028 5,467
Tenant recoveries 199 240
Parking and other 49 73
Other property-related revenue 4,969 4,109
Total revenues 11,245 9,889
Operating expenses    
Operating expenses $ 5,952 $ 6,005