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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Total revenues $ 154,321 $ 151,819 $ 307,858 $ 214,643
Operating expenses        
General and administrative 13,016 10,373 25,519 19,573
Depreciation and amortization 66,108 73,592 134,476 90,750
Total operating expenses 134,510 135,725 269,036 185,223
Income from operations 19,811 16,094 38,822 29,420
Other expense (income)        
Interest expense 17,614 14,113 34,865 19,606
Interest income (73) (48) (86) (101)
Unrealized loss on ineffective portion of derivative instruments 384 0 2,509 0
Acquisition-related expenses 61 37,481 61 43,525
Other (income) expense (47) 40 (23) (1)
Total other expenses 17,939 51,586 37,326 63,029
Income (loss) before gains (loss) on sale of real estate 1,872 (35,492) 1,496 (33,609)
Gains (loss) on sale of real estate 2,163 (591) 8,515 22,100
Net income (loss) 4,035 (36,083) 10,011 (11,509)
Net income attributable to preferred stock and units (159) (3,195) (318) (6,390)
Net income attributable to participating securities (196) (80) (393) (150)
Comprehensive income attributable to non-controlling interest in consolidated real estate entities (2,396) (1,893) (4,341) (3,395)
Net (income) loss attributable to common units in the operating partnership (445) 16,008 (1,867) 15,412
Net income (loss) attributable to Hudson Pacific Properties, Inc. common stockholders $ 839 $ (25,243) $ 3,092 $ (6,032)
Basic earnings per common share (in dollars per share) $ 0.01 $ (0.28) $ 0.03 $ (0.07)
Diluted earnings per common share (in dollars per share) $ 0.01 $ (0.28) $ 0.03 $ (0.07)
Weighted average shares of common stock outstanding—basic (in shares) 95,145,496 88,894,258 92,168,432 82,906,087
Weighted average shares of common stock outstanding - diluted (in shares) 95,995,496 88,894,258 93,000,432 82,906,087
Dividends declared per common stock (in dollars per share) $ 0.2 $ 0.125 $ 0.4 $ 0.250
Hudson Pacific Partners L.P.        
Revenues        
Total revenues $ 154,321 $ 151,819 $ 307,858 $ 214,643
Operating expenses        
General and administrative 13,016 10,373 25,519 19,573
Depreciation and amortization 66,108 73,592 134,476 90,750
Total operating expenses 134,510 135,725 269,036 185,223
Income from operations 19,811 16,094 38,822 29,420
Other expense (income)        
Interest expense 17,614 14,113 34,865 19,606
Interest income (73) (48) (86) (101)
Unrealized loss on ineffective portion of derivative instruments 384 0 2,509 0
Acquisition-related expenses 61 37,481 61 43,525
Other (income) expense (47) 40 (23) (1)
Total other expenses 17,939 51,586 37,326 63,029
Income (loss) before gains (loss) on sale of real estate 1,872 (35,492) 1,496 (33,609)
Gains (loss) on sale of real estate 2,163 (591) 8,515 22,100
Net income (loss) 4,035 (36,083) 10,011 (11,509)
Comprehensive income attributable to non-controlling interest in consolidated real estate entities (2,396) (1,893) (4,341) (3,395)
Net income (loss) attributable to Hudson Pacific Properties, Inc. common stockholders $ 1,639 $ (37,976) $ 5,670 $ (14,904)
Dividends declared per common stock (in dollars per share) $ 0.2 $ 0.125 $ 0.4 $ 0.25
Preferred Distributions Made to Partners $ (159) $ (3,195) $ (318) $ (6,390)
Net income attributable to participating securities (196) (80) (393) (150)
Net income (loss) available to common unitholders $ 1,284 $ (41,251) $ 4,959 $ (21,444)
Net income (loss) attributable to common unitholders per unit—basic (in dollars per share) $ 0.01 $ (0.28) $ 0.03 $ (0.19)
Net income (loss) attributable to common unitholders per unit—diluted (in dollars per share) $ 0.01 $ (0.28) $ 0.03 $ (0.19)
Weighted average shares of common units outstanding—basic (in shares) 145,549,363 145,264,166 145,518,523 112,582,252
Weighted average shares of common units outstanding—diluted (in shares) 146,399,363 145,264,166 146,350,523 112,582,252
Series A Preferred Stock | Hudson Pacific Partners L.P.        
Other expense (income)        
Preferred Distributions Made to Partners $ (159) $ (159) $ (318) $ (318)
Series B Preferred Stock | Hudson Pacific Partners L.P.        
Other expense (income)        
Preferred Distributions Made to Partners 0 (3,036) 0 (6,072)
Office        
Revenues        
Rental 118,047 120,052 234,274 161,628
Tenant recoveries 21,303 17,790 41,836 23,854
Parking and other 5,050 5,716 10,582 11,011
Total revenues 144,400 143,558 286,692 196,493
Operating expenses        
Operating expenses 49,091 46,691 96,794 63,826
Office | Hudson Pacific Partners L.P.        
Revenues        
Rental 118,047 120,052 234,274 161,628
Tenant recoveries 21,303 17,790 41,836 23,854
Parking and other 5,050 5,716 10,582 11,011
Total revenues 144,400 143,558 286,692 196,493
Operating expenses        
Operating expenses 49,091 46,691 96,794 63,826
Media & Entertainment        
Revenues        
Rental 6,857 5,394 12,885 10,861
Tenant recoveries 213 253 412 493
Parking and other 41 58 90 131
Other property-related revenue 2,810 2,556 7,779 6,665
Total revenues 9,921 8,261 21,166 18,150
Operating expenses        
Operating expenses 6,295 5,069 12,247 11,074
Media & Entertainment | Hudson Pacific Partners L.P.        
Revenues        
Rental 6,857 5,394 12,885 10,861
Tenant recoveries 213 253 412 493
Parking and other 41 58 90 131
Other property-related revenue 2,810 2,556 7,779 6,665
Total revenues 9,921 8,261 21,166 18,150
Operating expenses        
Operating expenses $ 6,295 $ 5,069 $ 12,247 $ 11,074