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Equity (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The table below presents the effect of the Company’s derivatives on accumulated other comprehensive income (“OCI”):
 
Hudson Pacific Properties, Inc. Stockholder’s Equity
 
Non-controlling interests
 
Total Equity
Balance at January 1, 2015
$
(2,443
)
 
$
(218
)
 
$
(2,661
)
Unrealized loss recognized in OCI due to change in fair value
(4,976
)
 
(2,687
)
 
(7,663
)
Loss reclassified from OCI into income (as interest expense)
6,338

 
3,922

 
10,260

Net change in OCI
1,362

 
1,235

 
2,597

Balance at December 31, 2015
(1,081
)
 
1,017

 
(64
)
 
 
 
 
 
 
Unrealized loss recognized in OCI due to change in fair value
4,122

 
(6,989
)
 
(2,867
)
Loss reclassified from OCI into income (as interest expense)
6,455

 
2,354

 
8,809

Net change in OCI
10,577

 
(4,635
)
 
5,942

Balance at December 31, 2016
9,496

 
(3,618
)
 
5,878

 
 
 
 
 
 
Unrealized loss recognized in OCI due to change in fair value
3,011

 
18

 
3,029

Loss reclassified from OCI into income (as interest expense)
4,342

 
27

 
4,369

Net change in OCI
7,353

 
45

 
7,398

Reclassification related to redemption of common units in the operating partnership
(3,622
)
 
3,622

 
—

Balance at December 31, 2017
$
13,227

 
$
49

 
$
13,276
Schedule of Other Ownership Interests
The following table summarizes the ownership of common units, excluding unvested restricted units as of:
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
Company-owned common units in the operating partnership
 
155,602,508

 
136,492,235

 
89,153,780

Company’s ownership interest percentage
 
99.6
%
 
93.5
%
 
61.3
%
Non-controlling common units in the operating partnership(1)
 
569,045

 
9,450,620

 
56,296,315

Non-controlling ownership interest percentage(1)
 
0.4
%
 
6.5
%
 
38.7
%
_____________
(1)
Represents common units held by certain of the Company’s executive officers and directors, certain of their affiliates and other outside investors.
Non-controlling Interests
The following table summarizes the activity related to common units from January 1, 2016 to December 31, 2017:
 
 
Non-controlling interest in common units
Balance at January 1, 2016
 
56,296,315

May redemption (1)
 
(10,117,223
)
July redemption (1)
 
(19,195,373
)
November redemption (1)
 
(17,533,099
)
Balance at December 31, 2016
 
9,450,620

January redemption (1)
 
(8,881,575
)
Balance at December 31, 2017
 
569,045

_____________
(1)
The common unitholders requested the operating partnership repurchase common units and the Company elected, in accordance with the limited partnership agreement of the operating partnership, to settle in cash to satisfy the redemption. The Company funded the redemptions using the proceeds from registered underwritten public offering of common stock.

Reconciliation Of Equity From Statement Of Equity To Statement Of Operations
The following table reconciles the net income (loss) allocated to common stock and operating partnership units on the Consolidated Statements of Equity to the common stock and the common unit net income (loss) allocation on the Consolidated Statements of Operations for the years ended:
 
 
Hudson Pacific Properties, Inc.
 
Hudson Pacific Properties, L.P.
 
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Net income (loss) allocation for common stock/units on the Consolidated Statements of Equity/Capital
 
$
68,590

 
$
27,984

 
$
(10,071
)
 
$
68,965

 
$
33,832

 
$
(32,040
)
Net income attributable to participating securities
 
(1,003
)
 
(766
)
 
(356
)
 
(1,003
)
 
(766
)
 
(356
)
Series B transaction costs allocation
 
—

 
—

 
(5,970
)
 
—

 
—

 
(5,970
)
Net income (loss) allocation for common stock/units on the Consolidated Statements of Operations
 
$
67,587

 
$
27,218

 
$
(16,397
)
 
$
67,962

 
$
33,066

 
$
(38,366
)
Schedule of Common Stock Offering
The following table summarizes the common stock offering in 2015, 2016 and 2017:
 
 
Number of Common Shares
January 20, 2015 (1)
 
12,650,000
April 1, 2015 (2)
 
8,626,311
May 16, 2016 (3)
 
10,117,223
July 21, 2016 (3)
 
19,195,373
November 28, 2016 (3)
 
17,533,099
January 10, 2017 (3)
 
8,881,575
March 3, 2017 (4)
 
9,775,000
_____________
(1)
Represents a common stock offering of 11,000,000 shares of common stock and the exercise of the underwriters’ option to purchase an additional 1,650,000 shares of our common stock at the public offering price of $31.75 per share. Total proceeds from the public offering, after underwriters’ discount, were approximately $385.6 million (before transaction costs).
(2)
Represents a common stock issuance in connection with the EOP Acquisition. The issuance of common stock is part of the consideration paid.
(3)
Proceeds from the offering were used to repurchase common units in the operating partnership.
(4)
Represents a common stock offering of 9,775,000 shares of common stock. Proceeds from the offering were used to fully repay a $255.0 million balance outstanding under its unsecured revolving credit facility.
The following table summarizes the ATM activity:
 
 
2017
 
2016
 
2015
Shares of common stock sold during the period
 
—
 
165,000
 
—
Common stock price ranges
 
N/A
 
$33.54 to $33.95
 
N/A
Schedule of Dividends
The Company’s dividends related to its common stock will be classified for U.S. federal income tax purposes as follows (unaudited):
 
 
 
 
 
 
Ordinary Dividends
 
 
 
 
Record Date
 
Payment Date
 
Distributions Per Share
 
Total
 
Non-qualified
 
Qualified
 
Capital Gain Distributions(1)
 
Return of Capital
3/20/2017
 
3/30/2017
 
$
0.25000

 
$
0.14633

 
$
0.14633

 
$
—

 
$
0.04023

 
$
0.06345

6/20/2017
 
6/30/2017
 
0.25000

 
0.14633

 
0.14633

 
—

 
0.04023

 
0.06345

9/19/2017
 
9/29/2017
 
0.25000

 
0.14633

 
0.14633

 
—

 
0.04023

 
0.06345

12/18/2017
 
12/28/2017
 
0.25000

 
0.14633

 
0.14633

 
—

 
0.04023

 
0.06345

 
 
Totals
 
$
1.00000

 
$
0.58532

 
$
0.58532

 
$
—

 
$
0.16092

 
$
0.25380

 
 
 
 
100
%
 
58.532
%
 
 
 
 
 
16.09
%
 
25.38
%

_____________
(1)
$0.03000 of the $0.04023 capital gain distributions should be characterized as unrecaptured Section 1250 gain.