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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
TOTAL REVENUES $ 168,285 $ 153,537
OPERATING EXPENSES    
General and administrative 13,810 12,503
Depreciation and amortization 70,767 68,368
TOTAL OPERATING EXPENSES 139,782 134,526
INCOME FROM OPERATIONS 28,503 19,011
OTHER EXPENSE (INCOME)    
Interest expense 21,930 17,251
Interest income (30) (13)
Unrealized (gain) loss on ineffective portion of derivative instruments (6) 2,125
Other (income) expense (678) 24
TOTAL OTHER EXPENSES 21,216 19,387
INCOME (LOSS) BEFORE GAINS ON SALE OF REAL ESTATE 7,287 (376)
Gains on sale of real estate 16,866 6,352
NET INCOME 24,153 5,976
Net income attributable to preferred units (159) (159)
Net income attributable to participating securities (240) (197)
Net income attributable to non-controlling interest in consolidated entities (3,037) (1,945)
Net income attributable to units in the operating partnership (202) (1,422)
Net income (loss) attributable to common stockholders $ 20,515 $ 2,253
Net income attributable to common stockholders - basic (in dollars per share) $ 0.14 $ 0.03
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.14 $ 0.03
Weighted average shares of common stock outstanding—basic (in shares) 147,950,594 89,190,803
Weighted average shares of common stock outstanding - diluted (in shares) 149,950,346 89,597,803
Dividends declared per common stock/unit (in dollars per share) $ 0.25 $ 0.200
Hudson Pacific Partners L.P.    
REVENUES    
TOTAL REVENUES $ 168,285 $ 153,537
OPERATING EXPENSES    
General and administrative 13,810 12,503
Depreciation and amortization 70,767 68,368
TOTAL OPERATING EXPENSES 139,782 134,526
INCOME FROM OPERATIONS 28,503 19,011
OTHER EXPENSE (INCOME)    
Interest expense 21,930 17,251
Interest income (30) (13)
Unrealized (gain) loss on ineffective portion of derivative instruments (6) 2,125
Other (income) expense (678) 24
TOTAL OTHER EXPENSES 21,216 19,387
INCOME (LOSS) BEFORE GAINS ON SALE OF REAL ESTATE 7,287 (376)
Gains on sale of real estate 16,866 6,352
NET INCOME 24,153 5,976
Net income attributable to non-controlling interest in consolidated entities (3,037) (1,945)
Net income (loss) attributable to common stockholders $ 21,116 $ 4,031
Dividends declared per common stock/unit (in dollars per share) $ 0.250 $ 0.2000
Series A preferred units distributions $ (159) $ (159)
Net income attributable to participating securities (240) (197)
Net income available to common unitholders $ 20,717 $ 3,675
Net income attributable to common unitholders —basic (in dollars per share) $ 0.14 $ 0.03
Net income attributable to common unitholders —diluted (in dollars per share) $ 0.14 $ 0.03
Weighted average shares of common units outstanding—basic (in shares) 149,407,796 145,487,118
Weighted average shares of common units outstanding—diluted (in shares) 150,334,796 145,894,118
Office    
REVENUES    
Rental $ 133,516 $ 116,227
Tenant recoveries 17,401 20,533
Parking and other 5,899 5,532
TOTAL REVENUES 156,816 142,292
OPERATING EXPENSES    
Operating expenses 47,954 47,703
Office | Hudson Pacific Partners L.P.    
REVENUES    
Rental 133,516 116,227
Tenant recoveries 17,401 20,533
Parking and other 5,899 5,532
TOTAL REVENUES 156,816 142,292
OPERATING EXPENSES    
Operating expenses 47,954 47,703
Media & Entertainment    
REVENUES    
Rental 6,685 6,028
Tenant recoveries 665 199
Parking and other 77 49
Other property-related revenue 4,042 4,969
TOTAL REVENUES 11,469 11,245
OPERATING EXPENSES    
Operating expenses 7,251 5,952
Media & Entertainment | Hudson Pacific Partners L.P.    
REVENUES    
Rental 6,685 6,028
Tenant recoveries 665 199
Parking and other 77 49
Other property-related revenue 4,042 4,969
TOTAL REVENUES 11,469 11,245
OPERATING EXPENSES    
Operating expenses $ 7,251 $ 5,952