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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES    
TOTAL REVENUES $ 174,118 $ 168,285
OPERATING EXPENSES    
General and administrative 15,564 13,810
Depreciation and amortization 60,553 70,767
TOTAL OPERATING EXPENSES 139,021 139,782
INCOME FROM OPERATIONS 35,097 28,503
OTHER EXPENSE (INCOME)    
Interest expense 20,503 21,930
Interest income (9) (30)
Unrealized gain on ineffective portion of derivatives 0 (6)
Transaction-related expenses 118 0
Other income (404) (678)
TOTAL OTHER EXPENSES 20,208 21,216
INCOME BEFORE GAINS ON SALE OF REAL ESTATE 14,889 7,287
Gains on sale of real estate 37,674 16,866
NET INCOME 52,563 24,153
Net income attributable to preferred stock and units (159) (159)
Comprehensive income attributable to participating securities (327) (240)
Net income attributable to non-controlling interest in consolidated entities (3,323) (3,037)
Net income attributable to non-controlling interest in the operating partnership (177) (202)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders $ 48,577 $ 20,515
Basic and diluted per share/unit amounts:    
Net income attributable to common stockholders - basic (in dollars per share) $ 0.31 $ 0.14
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.31 $ 0.14
Weighted average shares of common stock outstanding—basic (in shares) 155,626,055 147,950,594
Weighted average shares of common stock outstanding - diluted (in shares) 156,714,822 149,950,346
Dividends declared per share/unit (in dollars per share) $ 0.25 $ 0.25
Hudson Pacific Partners L.P.    
REVENUES    
TOTAL REVENUES $ 174,118 $ 168,285
OPERATING EXPENSES    
General and administrative 15,564 13,810
Depreciation and amortization 60,553 70,767
TOTAL OPERATING EXPENSES 139,021 139,782
INCOME FROM OPERATIONS 35,097 28,503
OTHER EXPENSE (INCOME)    
Interest expense 20,503 21,930
Interest income (9) (30)
Unrealized gain on ineffective portion of derivatives 0 (6)
Transaction-related expenses 118 0
Other income (404) (678)
TOTAL OTHER EXPENSES 20,208 21,216
INCOME BEFORE GAINS ON SALE OF REAL ESTATE 14,889 7,287
Gains on sale of real estate 37,674 16,866
NET INCOME 52,563 24,153
Comprehensive income attributable to participating securities (327) (240)
Net income attributable to non-controlling interest in consolidated entities (3,323) (3,037)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders 48,754 20,717
Comprehensive income attributable to preferred units (159) (159)
Net income attributable to Hudson Pacific Properties, L.P. $ 49,240 $ 21,116
Basic and diluted per share/unit amounts:    
Net income attributable to common unitholders —basic (in dollars per share) $ 0.31 $ 0.14
Net income attributable to common unitholders —diluted (in dollars per share) $ 0.31 $ 0.14
Weighted average shares of common units outstanding—basic (in shares) 156,195,100 149,407,796
Weighted average shares of common units outstanding—diluted (in shares) 157,283,867 150,334,796
Dividends declared per share/unit (in dollars per share) $ 0.250 $ 0.25
Office    
REVENUES    
Rental $ 130,082 $ 133,516
Tenant recoveries 20,904 17,401
Parking and other 5,546 5,899
TOTAL REVENUES 156,532 156,816
OPERATING EXPENSES    
Operating expenses 53,240 47,954
Office | Hudson Pacific Partners L.P.    
REVENUES    
Rental 130,082 133,516
Tenant recoveries 20,904 17,401
Parking and other 5,546 5,899
TOTAL REVENUES 156,532 156,816
OPERATING EXPENSES    
Operating expenses 53,240 47,954
Studio    
REVENUES    
Rental 10,383 6,685
Tenant recoveries 354 665
Other property-related revenue 6,435 4,042
Parking and other 414 77
TOTAL REVENUES 17,586 11,469
OPERATING EXPENSES    
Operating expenses 9,664 7,251
Studio | Hudson Pacific Partners L.P.    
REVENUES    
Rental 10,383 6,685
Tenant recoveries 354 665
Other property-related revenue 6,435 4,042
Parking and other 414 77
TOTAL REVENUES 17,586 11,469
OPERATING EXPENSES    
Operating expenses $ 9,664 $ 7,251