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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
TOTAL REVENUES $ 180,500,000 $ 154,321,000 $ 348,785,000 $ 307,858,000
OPERATING EXPENSES        
General and administrative 14,506,000 13,016,000 28,316,000 25,519,000
Depreciation and amortization 75,415,000 66,108,000 146,182,000 134,476,000
TOTAL OPERATING EXPENSES 152,392,000 134,510,000 292,174,000 269,036,000
INCOME FROM OPERATIONS 28,108,000 19,811,000 56,611,000 38,822,000
OTHER EXPENSE (INCOME)        
Interest expense 21,695,000 17,614,000 43,625,000 34,865,000
Interest income (16,000) (73,000) (46,000) (86,000)
Unrealized loss on ineffective portion of derivative instruments 51,000 384,000 45,000 2,509,000
Acquisition-related expenses 0 61,000 0 61,000
Other income (576,000) (47,000) (1,254,000) (23,000)
TOTAL OTHER EXPENSES 21,154,000 17,939,000 42,370,000 37,326,000
INCOME BEFORE GAINS ON SALE OF REAL ESTATE 6,954,000 1,872,000 14,241,000 1,496,000
Gains on sale of real estate 0 2,163,000 16,866,000 8,515,000
NET INCOME 6,954,000 4,035,000 31,107,000 10,011,000
Net income attributable to preferred units (159,000) (159,000) (318,000) (318,000)
Net income attributable to participating securities (255,000) (196,000) (495,000) (393,000)
Net income attributable to non-controlling interest in consolidated entities (2,974,000) (2,396,000) (6,011,000) (4,341,000)
Net income attributable to units in the operating partnership (13,000) (445,000) (215,000) (1,867,000)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P. $ 3,553,000 $ 839,000 $ 24,068,000 $ 3,092,000
Basic and diluted per share/unit amounts:        
Net income attributable to common stockholders - basic (in dollars per share) $ 0.02 $ 0.01 $ 0.16 $ 0.03
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.02 $ 0.01 $ 0.16 $ 0.03
Weighted average shares of common stock outstanding—basic (in shares) 155,290,559 95,145,496 151,640,853 92,168,432
Weighted average shares of common stock outstanding - diluted (in shares) 156,095,603 95,995,496 152,431,897 93,000,432
Dividends declared per share/unit (in dollars per share) $ 0.250 $ 0.2 $ 0.500 $ 0.4
Hudson Pacific Partners L.P.        
REVENUES        
TOTAL REVENUES $ 180,500,000 $ 154,321,000 $ 348,785,000 $ 307,858,000
OPERATING EXPENSES        
General and administrative 14,506,000 13,016,000 28,316,000 25,519,000
Depreciation and amortization 75,415,000 66,108,000 146,182,000 134,476,000
TOTAL OPERATING EXPENSES 152,392,000 134,510,000 292,174,000 269,036,000
INCOME FROM OPERATIONS 28,108,000 19,811,000 56,611,000 38,822,000
OTHER EXPENSE (INCOME)        
Interest expense 21,695,000 17,614,000 43,625,000 34,865,000
Interest income (16,000) (73,000) (46,000) (86,000)
Unrealized loss on ineffective portion of derivative instruments 51,000 384,000 45,000 2,509,000
Acquisition-related expenses 0 61,000 0 61,000
Other income (576,000) (47,000) (1,254,000) (23,000)
TOTAL OTHER EXPENSES 21,154,000 17,939,000 42,370,000 37,326,000
INCOME BEFORE GAINS ON SALE OF REAL ESTATE 6,954,000 1,872,000 14,241,000 1,496,000
Gains on sale of real estate 0 2,163,000 16,866,000 8,515,000
NET INCOME 6,954,000 4,035,000 31,107,000 10,011,000
Net income attributable to preferred units (159,000) (159,000) (318,000) (318,000)
Net income attributable to participating securities (255,000) (196,000) (495,000) (393,000)
Net income attributable to non-controlling interest in consolidated entities (2,974,000) (2,396,000) (6,011,000) (4,341,000)
Net income attributable to Hudson Pacific Properties, L.P. 3,980,000 1,639,000 25,096,000 5,670,000
Net income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P. $ 3,566,000 $ 1,284,000 $ 24,283,000 $ 4,959,000
Basic and diluted per share/unit amounts:        
Net income attributable to common stockholders - basic (in dollars per share) $ 0.02 $ 0.01 $ 0.16 $ 0.03
Net income attributable to common stockholders - diluted (in dollars per share) 0.02 0.01 0.16 0.03
Net income attributable to common unitholders —basic (in dollars per share) 0.02 0.01 0.16 0.03
Net income attributable to common unitholders —diluted (in dollars per share) $ 0.02 $ 0.01 $ 0.16 $ 0.03
Weighted average shares of common units outstanding—basic (in shares) 155,859,604 145,549,363 152,647,055 145,518,523
Weighted average shares of common units outstanding—diluted (in shares) 156,664,648 146,399,363 153,438,100 146,350,523
Dividends declared per share/unit (in dollars per share) $ 0.250 $ 0.2 $ 0.500 $ 0.4
Office        
REVENUES        
Rental $ 133,602,000 $ 118,047,000 $ 267,118,000 $ 234,274,000
Tenant recoveries 25,038,000 21,303,000 42,439,000 41,836,000
Parking and other 8,212,000 5,050,000 14,111,000 10,582,000
TOTAL REVENUES 166,852,000 144,400,000 323,668,000 286,692,000
OPERATING EXPENSES        
Operating expenses 55,468,000 49,091,000 103,422,000 96,794,000
Office | Hudson Pacific Partners L.P.        
REVENUES        
Rental 133,602,000 118,047,000 267,118,000 234,274,000
Tenant recoveries 25,038,000 21,303,000 42,439,000 41,836,000
Parking and other 8,212,000 5,050,000 14,111,000 10,582,000
TOTAL REVENUES 166,852,000 144,400,000 323,668,000 286,692,000
OPERATING EXPENSES        
Operating expenses 55,468,000 49,091,000 103,422,000 96,794,000
Media & Entertainment        
REVENUES        
Rental 9,105,000 6,857,000 15,790,000 12,885,000
Tenant recoveries 129,000 213,000 794,000 412,000
Other property-related revenue 4,361,000 2,810,000 8,403,000 7,779,000
Parking and other 53,000 41,000 130,000 90,000
TOTAL REVENUES 13,648,000 9,921,000 25,117,000 21,166,000
OPERATING EXPENSES        
Operating expenses 7,003,000 6,295,000 14,254,000 12,247,000
Media & Entertainment | Hudson Pacific Partners L.P.        
REVENUES        
Rental 9,105,000 6,857,000 15,790,000 12,885,000
Tenant recoveries 129,000 213,000 794,000 412,000
Other property-related revenue 4,361,000 2,810,000 8,403,000 7,779,000
Parking and other 53,000 41,000 130,000 90,000
TOTAL REVENUES 13,648,000 9,921,000 25,117,000 21,166,000
OPERATING EXPENSES        
Operating expenses $ 7,003,000 $ 6,295,000 $ 14,254,000 $ 12,247,000