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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
TOTAL REVENUES $ 728,139 $ 639,639 $ 520,850
OPERATING EXPENSES      
General and administrative 54,459 52,400 38,534
Depreciation and amortization 283,570 269,087 245,071
TOTAL OPERATING EXPENSES 591,536 550,232 473,462
INCOME FROM OPERATIONS 136,603 89,407 47,388
OTHER EXPENSE (INCOME)      
Interest expense 90,037 76,044 50,667
Interest income (97) (260) (124)
Unrealized loss on ineffective portion of derivatives 70 1,436 0
Transaction-related expenses 598 376 43,336
Other (income) expense (2,992) (1,558) 62
TOTAL OTHER EXPENSES 87,616 76,038 93,941
INCOME (LOSS) BEFORE GAINS ON SALE OF REAL ESTATE 48,987 13,369 (46,553)
Gains on sale of real estate 45,574 30,389 30,471
NET INCOME (LOSS) 94,561 43,758 (16,082)
Net income attributable to preferred stock and units (636) (636) (12,105)
Original issuance costs of redeemed Series B preferred stock 0 0 (5,970)
Net income attributable to participating securities (1,003) (766) (356)
Net income attributable to non-controlling interest in consolidated entities (24,960) (9,290) (3,853)
Net (income) loss attributable to non-controlling interest in the operating partnership (375) (5,848) 21,969
Net income (loss) attributable to Hudson Pacific Properties, Inc. common stockholders $ 67,587 $ 27,218 $ (16,397)
Basic and diluted per share amounts:      
Net income (loss) attributable to common stockholders - basic (in dollars per share) $ 0.44 $ 0.26 $ (0.19)
Net income (loss) attributable to common stockholders - diluted (in dollars per share) $ 0.44 $ 0.25 $ (0.19)
Weighted average shares of common stock outstanding—basic (in shares) 153,488,730 106,188,902 85,927,216
Weighted average shares of common stock outstanding—diluted (in shares) 153,882,814 110,369,055 85,927,216
Office      
REVENUES      
Rental $ 545,453 $ 486,956 $ 394,543
Tenant recoveries 92,244 84,386 66,235
Parking and other 29,413 21,894 20,940
TOTAL REVENUES 667,110 593,236 481,718
OPERATING EXPENSES      
Operating expenses 218,873 202,935 166,131
Media & Entertainment      
REVENUES      
Rental 36,529 26,837 23,027
Tenant recoveries 1,336 1,884 943
Other property-related revenue 22,805 17,380 14,849
Parking and other 359 302 313
TOTAL REVENUES 61,029 46,403 39,132
OPERATING EXPENSES      
Operating expenses 34,634 25,810 23,726
Hudson Pacific Partners, L.P.      
REVENUES      
TOTAL REVENUES 728,139 639,639 520,850
OPERATING EXPENSES      
General and administrative 54,459 52,400 38,534
Depreciation and amortization 283,570 269,087 245,071
TOTAL OPERATING EXPENSES 591,536 550,232 473,462
INCOME FROM OPERATIONS 136,603 89,407 47,388
OTHER EXPENSE (INCOME)      
Interest expense 90,037 76,044 50,667
Interest income (97) (260) (124)
Unrealized loss on ineffective portion of derivatives 70 1,436 0
Transaction-related expenses 598 376 43,336
Other (income) expense (2,992) (1,558) 62
TOTAL OTHER EXPENSES 87,616 76,038 93,941
INCOME (LOSS) BEFORE GAINS ON SALE OF REAL ESTATE 48,987 13,369 (46,553)
Gains on sale of real estate 45,574 30,389 30,471
NET INCOME (LOSS) 94,561 43,758 (16,082)
Net income attributable to preferred stock and units (636) (636) (12,105)
Original issuance costs of redeemed Series B preferred stock 0 0 (5,970)
Net income attributable to participating securities (1,003) (766) (356)
Net income attributable to non-controlling interest in consolidated entities (24,960) (9,290) (3,853)
Net income (loss) attributable to Hudson Pacific Properties, Inc. common stockholders 67,962 33,066 (38,366)
Net income (loss) attributable to Hudson Pacific Properties, L.P. 69,601 34,468 (19,935)
Total preferred distributions $ 636 $ 636 $ 18,075
Basic and diluted per share amounts:      
Weighted average shares of common stock outstanding—basic (in shares) 154,276,773 145,595,246 128,948,077
Weighted average shares of common stock outstanding—diluted (in shares) 154,670,857 146,739,246 128,948,077
Basic and diluted per unit amounts:      
Net income (loss) attributable to common unitholders - basic (in dollars per share) $ 0.44 $ 0.23 $ (0.30)
Net income (loss) attributable to common unitholders — diluted (in dollars per share) $ 0.44 $ 0.23 $ (0.30)
Weighted average shares of common units outstanding - basic (in shares) 154,276,773 145,595,246 128,948,077
Weighted average shares of common units outstanding - diluted (in shares) 154,670,857 146,739,246 128,948,077
Hudson Pacific Partners, L.P. | Office      
REVENUES      
Rental $ 545,453 $ 486,956 $ 394,543
Tenant recoveries 92,244 84,386 66,235
Parking and other 29,413 21,894 20,940
TOTAL REVENUES 667,110 593,236 481,718
OPERATING EXPENSES      
Operating expenses 218,873 202,935 166,131
Hudson Pacific Partners, L.P. | Media & Entertainment      
REVENUES      
Rental 36,529 26,837 23,027
Tenant recoveries 1,336 1,884 943
Other property-related revenue 22,805 17,380 14,849
Parking and other 359 302 313
TOTAL REVENUES 61,029 46,403 39,132
OPERATING EXPENSES      
Operating expenses $ 34,634 $ 25,810 $ 23,726