EX-99.2 3 q3-2018ex992.htm EXHIBIT 99.2

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Ferry Building | San Francisco Ferry Building | San Francisco Ferry Building | San Francisco Forward Looking Statements This Supplemental Information contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements involve numerous risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement made by us. These risks and uncertainties include, but are not limited to: adverse economic and real estate developments in Northern and Southern California and the Pacific Northwest; decreased rental rates or increased tenant incentives and vacancy rates; defaults on, early terminations of, or non-renewal of leases by tenants; increased interest rates and operating costs; failure to generate sufficient cash flows to service our outstanding indebtedness; difficulties in identifying properties to acquire and completing acquisitions; failure to successfully integrate pending and recent acquisitions; failure to successfully operate acquired properties and operations; failure to maintain our status as a REIT under the Internal Revenue Code of 1986, as amended; possible adverse changes in laws and regulations; environmental uncertainties; risks related to natural disasters; lack or insufficient amount of insurance; inability to successfully expand into new markets or submarkets; risks associated with property development; conflicts of interest with our officers; changes in real estate and zoning laws and increases in real property tax rates; and the consequences of any possible future terrorist attacks. These factors are not exhaustive. For a discussion of important risks related to Hudson Pacific Properties, Inc.’s business, and an investment in its securities, including risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information see the discussion under the caption “Risk Factors” in Hudson Pacific Properties, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission on February 16, 2018 and other risks described in documents subsequently filed by Hudson Pacific Properties, Inc. from time to time with the Securities and Exchange Commission. You are cautioned that the information contained herein speaks only as of the date hereof and Hudson Pacific Properties, Inc. assumes no obligation to update any forward-looking information, whether as a result of new information, future events or otherwise. Hudson Pacific Properties, Inc. is referred to herein as the “Company,” “Hudson Pacific,” “we,” “us,” or “our.” Page 2 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Table of Contents Page Executive Summary, Corporate Data, Executive Management, Board of 4 Directors, Equity Research Coverage and Rating Agencies Financial Information 9 Consolidated Balance Sheets 10 Consolidated Statements of Operations 11 Funds from Operations 12 Adjusted Funds from Operations 13 Same-Store Property Performance 14 Net Operating Income Detail 16 Debt Summary 17 Unsecured and Secured Debt Maturities, Composition and Covenant 19 Compliance Operational and Portfolio Information 21 In-Service Office Properties 22 In-Service Office Properties by Location 25 Corporate Headquarters: Studio and Land Properties 27 th Redevelopment, Development and Held For Sale Properties 28 11601 Wilshire Boulevard, 9 Floor, Los Angeles, CA 90025 (310) 445-5700 Under Construction and Future Value Creation Projects 29 Value Creation Project Images—Completed Last 24 Months, Under 31 Construction and Planned Website: Office Tenant Industry Diversification 32 HudsonPacificProperties.com Fifteen Largest Office Tenants 33 Office Property Leasing Activity 35 NYSE Trading Symbol: Commenced Office Leases with Non-Recurring Upfront Abatements 36 Uncommenced Office Leases—Next Eight Quarters 37 HPP Backfilled Office Leases—Next Eight Quarters 38 Investor Relations: Expiring Office Leases—Next Eight Quarters 39 Expiring Office Leases—Annual 41 Laura Campbell Senor Vice President, Investor Relations and Marketing Definitions and Reconciliations 42 (310) 622-1702 Definitions 43 Reconciliation of Net Income to Net Operating Income 45 Page 3 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Executive Summary Hudson Pacific Properties acquires, redevelops and develops creative office Studio Highlights and studio properties in the West Coast tech and media epicenters of Los • Trailing 12-month occupancy for the three same-store studio properties, Angeles, Silicon Valley, San Francisco and Seattle. We are the leading inclusive of Sunset Las Palmas Studios, was 88.9% institutional owner of office space in Silicon Valley, the largest independent owner/operator of studios in Los Angeles, and currently own over 17 million • Net operating income and cash net operating income for the same-store square feet, including land for development, in our core markets. Our top-tier studio properties increased by 12.6% and decreased by 3.0%, respectively assets combined with our leasing and management expertise have enabled Acquisitions and Dispositions us to cultivate a tenant base of premier blue-chip and growth companies, like • Macerich contributed Westside Pavilion into the 75/25% Hudson Pacific/ Google and Netflix. Our strategic focus is value creation through less capital- Macerich joint venture, and planning and entitlements are underway to and time-intensive repositionings and redevelopments, although our deep in- convert the mall into an approximately 500,000-square-foot creative campus house expertise allows us to execute on a full range of opportunities—from called One Westside, while maintaining 95,987 square feet of adjacent incremental lease-up to cutting-edge new construction. entertainment and retail space at 10850 Pico Financials (Compared to Third Quarter 2017) ◦ The asset's contribution value was $190.0 million (before credits, prorations and closing costs), and the venture defeased an existing • Net income attributable to common stockholders of $17.4 million ($0.11 loan in the amount of $139.0 million per diluted share) compared to $11.1 million ($0.07 per diluted share) • Sold Peninsula Office Park's remaining six buildings totaling 447,739 square • FFO, excluding specified items, of $73.3 million ($0.47 per diluted share) feet in San Mateo for $210.0 million (before credits, prorations and closing compared to $78.9 million ($0.50 per diluted share) costs) • Total revenue decreased 4.9% to $180.7 million Dividends Office Highlights • Declared and paid a quarterly dividend of $0.25 per share on common stock • Executed 55 new and renewal leases totaling 1,199,578 square feet, with Post-Quarter Highlights GAAP and cash rent growth of 28.4% and 12.0%, respectively, including: • Signed an 80,489-square-foot lease with Nutanix at Metro Plaza through May ◦ 302,102-square-foot lease for all of EPIC development, and 2024 417,710-square-foot early renewal for all of ICON and CUE with Netflix through mid-2031 • Purchased Ferry Building in San Francisco through joint venture owned 55/45% by Hudson Pacific/Allianz Real Estate for $291.0 million (before ◦ 131,701-square-foot lease for all of Fourth & Traction credits, prorations and closing costs) redevelopment with Honey Science Corporation through May 2030 Guidance ◦ 72,637-square-foot lease at Concourse with Nutanix through • Narrowed full-year 2018 FFO guidance to $1.84 to $1.88 per diluted share, May 2024 excluding specified items • Stabilized and in-service office portfolio was 94.6% and 91.4% leased, Conference Call Information: respectively (3)% Thursday, November 1, 2018 at 11:00 AM PST / 2:00 PM EST • Net operating income and cash net operating income for the 31 same- store properties increased 3.2% and 2.5%, respectively (877) 407-0784 (U.S.) | (201) 689-8560 (International) Page 4 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Corporate Data Unaudited, in thousands, except share data September 30, June 30, March 31, December 31, September 30, 2018 2018 2018 2017 2017 Number of office properties owned 51 50 51 51 53 Office square feet(1) 13,498,837 13,336,940 13,398,362 13,291,531 13,914,418 Stabilized office leased rate as of end of period(2) 94.6% 93.6% 94.4% 96.7% 95.9% In-service office leased rate as of end of period(3) 91.4% 89.7% 89.7% 92.1% 91.5% Number of studio properties owned 3 3 3 3 3 Same-store studio square feet(1)(4) 1,204,927 873,002 873,002 873,002 873,002 Same-store studio leased rate as of end of period(5) 88.9% 89.6% 90.2% 90.7% 90.6% Non-same-store studio square feet(1) 41,496 373,421 331,925 376,925 376,925 Non-same-store studio leased rate as of end of period(6) 100.0% 80.6% 77.6% 76.1% 75.7% Number of land properties owned 6 6 6 8 8 Land properties estimated square feet(7) 2,639,562 2,639,562 2,639,562 3,045,687 3,045,687 Total portfolio square feet 17,384,822 17,222,925 17,242,851 17,587,145 18,210,032 Series A preferred units and debt(9) $ 2,360,334 $ 2,390,467 $ 2,270,959 $ 2,449,488 $ 2,666,123 Total market capitalization(8) $ 7,397,180 $ 7,996,427 $ 7,421,657 $ 7,849,782 $ 7,952,819 Series A preferred units and debt/total market capitalization(8) 31.9% 29.9% 30.6% 31.2% 33.5% Share data: FFO, excluding specific items, per common stock/unit—diluted(8)(10) $ 0.47 $ 0.46 $ 0.45 $ 0.52 $ 0.50 Range of closing prices(10) $ 31.20 - 35.52 $ 31.13 - 36.00 $ 28.63 - 34.17 $ 33.10 - 35.68 $ 31.73 - 34.42 Closing price at quarter end $ 31.82 $ 35.43 $ 32.53 $ 34.25 $ 33.53 Weighted average fully diluted common stock/units outstanding(8) 157,238 157,159 157,284 156,290 156,663 Shares of common stock/units outstanding at end of period(8) 158,292 158,226 158,337 157,673 157,671 (1) Property square footage has been determined by management based upon estimated leasable square feet, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. (2) Stabilized office leased rate excludes the lease-up, land, redevelopment, development and held for sale properties described on pages 23, 27 and 28. (3) In-service office leased rate includes the stabilized office and lease-up properties described on pages 22 and 23. (4) Same-store studio defined as all properties owned and included in our studio portfolio as of July 1, 2017 and still owned and included in our studio portfolio as of September 30, 2018. Same- store studio square feet excludes 6,650 square feet of restaurant space taken off-line for redevelopment during third quarter 2017. (5) Percent leased for same-store studio is the average percent leased for the 12 months ended as of the quarter indicated. (6) Non-same-store studio for the three months ended September 30, 2018 consists of 6605 Eleanor Avenue and 1034 Seward Street in Hollywood, now part of Sunset Las Palmas Studios. Percent leased as of September 30, 2018 is the average percent leased for the four months ended September 30, 2018. (7) Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to receipt of entitlement approvals not yet obtained. (8) See definitions on pages 43 and 44. (9) Series A preferred units and debt does not include in-substance defeased debt and unamortized deferred financing costs and loan discount. (10) For the quarter indicated. Page 5 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Executive Management Our Executive Management is comprised of highly seasoned, approachable experts who embrace innovation and always think outside the box. Together, they have decades of experience leading successful publicly traded companies. They have bought, sold, operated, built and re-built real estate properties across cycles and in every major West Coast market, and in the process cultivated unparalleled industry relationships. Our culture starts at the top—a collaborative, entrepreneurial spirit, combined with integrity and a deep sense of fiduciary responsibility. Victor J. Coleman Kay L. Tidwell Chief Executive Officer and President Executive Vice President, General Counsel and Secretary Mark T. Lammas Chief Operating Officer, Chief Financial Laura Campbell Officer and Treasurer Senior Vice President, Investor Relations and Marketing Alexander Vouvalides Chief Investment Officer Derric Dubourdieu Senior Vice President, Leasing Christopher J. Barton Executive Vice President, Development and Drew B. Gordon Capital Improvements Senior Vice President, Northern California Joshua Hatfield Executive Vice President, Operations Gary Hansel Senior Vice President, Southern Harout Diramerian California Chief Accounting Officer Bill Humphrey Steven Jaffe Senior Vice President, Sunset Studios Chief Risk Officer Andy Wattula Dale Shimoda Senior Vice President, Pacific Northwest Executive Vice President, Finance Elva Hernandez Arthur X. Suazo Vice President, Controller Executive Vice President, Leasing Andrea Rupp Vice President, Human Resources Page 6 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Board of Directors Our accomplished Directors are committed to sound corporate governance, and ensuring full compliance and accountability to shareholders in accordance with all laws and regulations. We believe that dedication to these principles and the highest ethical standards is essential to both short- and long-term value creation and preservation. We also recognize and embrace Board diversity in all its facets—skills, experience, gender, ethnicity, race—as essential to maintaining our competitive advantage and attaining our strategic objectives. Victor J. Coleman Mark D. Linehan Chairman of the Board, Chief Executive Officer and President and Chief Executive Officer, Wynmark President, Hudson Pacific Properties, Inc. Company Theodore R. Antenucci Robert M. Moran, Jr. President and Chief Executive Officer, Co-Founder and Co-Owner, FJM Investments LLC Catellus Development Corporation Michael Nash Richard B. Fried Senior Managing Director, Blackstone Group, L.P., Managing Member, Farallon Capital Chief Investment Officer, Blackstone Real Estate Management, L.L.C. Debt Strategies Jonathan M. Glaser Barry A. Porter Managing Member, JMG Capital Management LLC Managing General Partner, Clarify Partners L.P. Robert L. Harris II Andrea Wong Executive Chairman (retired), Acacia Research President (retired), International Production, Sony Corporation Pictures Television Page 7 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Equity Research Coverage Bank of America Merrill Lynch Mizuho James Feldman Richard Anderson (646) 855-5808 (212) 205-8445 Barclays Capital Morgan Stanley Ross Smotrich | Trevor Young Vikram Malhotra (212) 526-2306 | (212) 526-3098 (212) 761-7567 BTIG Robert W. Baird & Company Tom Catherwood David Rodgers (212) 738-6140 (216) 737-7341 Citigroup Sandler O’Neill + Partners Michael Bilerman | Emmanuel Korchman Alexander Goldfarb (212) 816-1383 | (212) 816-1382 (212) 466-7937 D.A. Davidson Scotiabank Barry Oxford Nicholas Yulico (212) 240-9871 (212) 225-6904 Goldman Sachs UBS Investment Bank Andrew Rosivach Frank Lee (212) 902-2796 (646) 855-5808 KeyBanc Capital Markets Wells Fargo Securities Craig Mailman Blaine Heck (917) 368-2316 (443) 263-2949 Rating Agencies Fitch Ratings Moody’s Investor Service Standard & Poor’s Stephen Boyd Alice Chung Fernanda Hernandez (212) 908-9153 (212) 553-2949 (212) 438-1347 Page 8 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Financial Information

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Consolidated Balance Sheets In thousands, except share data September 30, 2018 December 31, 2017 (Unaudited) ASSETS Investment in real estate, net $ 6,040,750 $ 5,697,991 Cash and cash equivalents 52,456 78,922 Restricted cash 10,782 22,358 Accounts receivable, net 12,125 4,234 Straight-line rent receivables, net 131,713 106,466 Deferred leasing costs and lease intangible assets, net 256,100 239,029 U.S. Government securities 148,315 — Prepaid expenses and other assets, net 92,609 61,139 Assets associated with real estate held for sale — 411,931 TOTAL ASSETS $ 6,744,850 $ 6,622,070 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 2,332,795 $ 2,421,380 In-substance defeased debt 139,003 — Accounts payable, accrued liabilities and other 193,941 162,346 Lease intangible liabilities, net 43,289 49,540 Security deposits and prepaid rent 64,169 62,760 Liabilities associated with real estate held for sale — 4,903 Total liabilities 2,773,197 2,700,929 Redeemable preferred units of the operating partnership 9,815 10,177 Redeemable non-controlling interest in consolidated real estate entity 50,092 — Equity Hudson Pacific Properties, Inc. stockholders’ equity Common stock, $0.01 par value, 490,000,000 authorized, 155,649,125 shares and 155,602,508 shares outstanding at September 1,556 1,556 30, 2018 and December 31, 2017, respectively Additional paid-in capital 3,597,904 3,622,988 Accumulated other comprehensive income 27,834 13,227 Total Hudson Pacific Properties, Inc. stockholders’ equity 3,627,294 3,637,771 Non-controlling interest—members in consolidated entities 266,986 258,602 Non-controlling interest—units in the operating partnership 17,466 14,591 Total equity 3,911,746 3,910,964 TOTAL LIABILITIES AND EQUITY $ 6,744,850 $ 6,622,070 Page 10 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Consolidated Statements of Operations Unaudited, in thousands, except share data Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 REVENUES Office Rental $ 129,963 $ 139,157 $ 389,777 $ 406,275 Tenant recoveries 24,615 24,982 67,479 67,421 Parking and other 6,868 8,035 19,272 22,146 Total office revenues 161,446 172,174 476,528 495,842 Studio Rental 11,731 11,012 32,822 26,802 Tenant recoveries 299 133 1,153 927 Other property-related revenue 6,988 6,561 18,724 14,964 Other 234 141 758 271 Total studio revenues 19,252 17,847 53,457 42,964 Total revenues 180,698 190,021 529,985 538,806 OPERATING EXPENSES Office operating expenses 57,295 59,102 164,475 162,524 Studio operating expenses 10,511 10,588 28,714 24,842 General and administrative 14,280 13,013 46,047 41,329 Depreciation and amortization 62,224 71,158 183,483 217,340 Total operating expenses 144,310 153,861 422,719 446,035 Operating income 36,388 36,160 107,266 92,771 OTHER EXPENSE (INCOME) Interest expense 20,131 22,461 59,965 66,086 Interest income (418) (44) (493) (90) Unrealized gain on non-real estate investment — — (928) — Unrealized loss on ineffective portion of derivative instrument — 37 — 82 Transaction-related expenses 165 598 283 598 Other income (25) (1,402) (748) (2,656) Total other expenses 19,853 21,650 58,079 64,020 Income before gains on sale of real estate 16,535 14,510 49,187 28,751 Gains on sale of real estate 3,735 — 43,337 16,866 Net income 20,270 14,510 92,524 45,617 Net income attributable to preferred units (153) (159) (465) (477) Net income attributable to participating securities (118) (255) (555) (750) Net income attributable to non-controlling interest in consolidated entities (2,569) (2,991) (9,059) (9,002) Net income attributable to non-controlling interest in the operating partnership (63) (41) (299) (256) NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 17,367 $ 11,064 $ 82,146 $ 35,132 BASIC AND DILUTED PER SHARE AMOUNTS Net income attributable to common stockholders—basic $ 0.11 $ 0.07 $ 0.53 $ 0.23 Net income attributable to common stockholders—diluted $ 0.11 $ 0.07 $ 0.52 $ 0.23 Weighted average shares of common stock outstanding—basic 155,649,110 155,302,800 155,637,351 152,874,952 Weighted average shares of common stock outstanding—diluted 156,669,247 156,093,736 156,628,488 153,648,888 Page 11 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Funds from Operations(1) Unaudited, in thousands, except per share data Three Months Ended Quarter To Date September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 NET INCOME $ 20,270 $ 19,691 $ 52,563 $ 48,944 $ 14,510 Adjustments: Depreciation and amortization of real estate assets 61,727 60,217 60,069 65,985 70,555 Gains on sale of real estate (3,735) (1,928) (37,674) (28,708) — FFO attributable to non-controlling interests (5,019) (5,316) (5,331) (5,507) (6,609) Net income attributable to preferred units (153) (153) (159) (159) (159) FFO to common stockholders and unitholders 73,090 72,511 69,468 80,555 78,297 Specified items impacting FFO: Transaction-related expenses 165 — 118 — 598 One-time debt extinguishment costs — — 421 1,114 — Unrealized gain on non-real estate investment(2) — (928) — — — FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ 73,255 $ 71,583 $ 70,007 $ 81,669 $ 78,895 STOCKHOLERS AND UNITHOLDERS Weighted average common stock/units outstanding—diluted 157,238 157,159 157,284 156,293 156,663 FFO per common stock/unit—diluted $ 0.46 $ 0.46 $ 0.44 $ 0.52 $ 0.50 FFO (excluding specified items) per common stock/unit—diluted $ 0.47 $ 0.46 $ 0.45 $ 0.52 $ 0.50 Nine Months Six Months Three Months Twelve Months Nine Months Ended Ended Ended Ended Ended Year To Date September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 NET INCOME $ 92,524 $ 72,254 $ 52,563 $ 94,561 $ 45,617 Adjustments: Depreciation and amortization of real estate assets 182,013 120,286 60,069 281,773 215,788 Gains on sale of real estate (43,337) (39,602) (37,674) (45,574) (16,866) FFO attributable to non-controlling interests (15,666) (10,647) (5,331) (24,068) (18,561) Net income attributable to preferred units (465) (312) (159) (636) (477) FFO to common stockholders and unitholders 215,069 141,979 69,468 306,056 225,501 Specified items impacting FFO: Transaction-related expenses 283 118 118 598 598 One-time debt extinguishment costs 421 421 421 1,114 — Unrealized gain on non-real estate investment(2) (928) (928) — — — FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ 214,845 $ 141,590 $ 70,007 $ 307,768 $ 226,099 STOCKHOLDERS AND UNITHOLDERS Weighted average common stock/units outstanding—diluted 157,198 157,133 157,284 154,671 154,511 FFO per common stock/unit—diluted $ 1.37 $ 0.90 $ 0.44 $ 1.98 $ 1.46 FFO (excluding specified items) per common stock/unit—diluted $ 1.37 $ 0.90 $ 0.45 $ 1.99 $ 1.46 (1) See definition on page 43. (2) We adopted ASU 2016-01 on January 1, 2018 and elected the measurement alternative. This standard requires us to mark the investment in shares to fair value whenever fair value is readily available or observable. During the second quarter of 2018, we recognized a $928 thousand unrealized gain on a non-real estate investment. Page 12 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Adjusted Funds from Operations(1) Unaudited, in thousands Three Months Ended Quarter To Date September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 FFO $ 73,090 $ 72,511 $ 69,468 $ 80,555 $ 78,297 Adjustments: Straight-line rent, net (7,455) (7,751) (9,772) (13,632) (8,539) Amortization of above-market and below-market leases, net (3,189) (3,216) (3,796) (3,613) (3,741) Amortization of above-market and below-market ground leases, 591 592 624 417 618 net Amortization of lease incentive costs 323 359 278 381 323 Amortization of deferred financing costs and loan discount, net 1,418 1,420 1,643 2,448 1,155 Unrealized (gain) loss on ineffective portion of derivative — — — (12) 37 Unrealized gain on non-real estate investment(2) — (928) — — — Recurring capital expenditures, tenant improvements and lease (17,378) (37,354) (25,587) (31,141) (22,410) commissions Non-cash compensation expense 4,292 4,289 4,338 3,842 3,449 AFFO $ 51,692 $ 29,922 $ 37,196 $ 39,245 $ 49,189 Dividends paid to common stock and unitholders $ 39,351 $ 39,351 $ 39,351 $ 39,245 $ 39,245 AFFO payout ratio 76.1% 131.5% 105.8% 100.0% 79.8% Nine Months Six Months Three Months Twelve Months Nine Months Ended Ended Ended Ended Ended Year To Date September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 FFO $ 215,069 $ 141,979 $ 69,468 $ 306,056 $ 225,501 Adjustments: Straight-line rent, net (24,978) (17,523) (9,772) (26,739) (13,107) Amortization of above-market and below-market leases, net (10,201) (7,012) (3,796) (17,411) (13,798) Amortization of above-market and below-market ground leases, 1,807 1,216 624 2,505 2,088 net Amortization of lease incentive costs 960 637 278 1,344 963 Amortization of deferred financing costs and loan discount, net 4,481 3,063 1,643 5,914 3,466 Unrealized loss on ineffective portion of derivative instrument — — — 70 82 Unrealized gain on non-real estate investment(2) (928) (928) — — — Recurring capital expenditures, tenant improvements and lease (80,319) (62,941) (25,587) (114,814) (83,673) commissions Non-cash compensation expense 12,919 8,627 4,338 15,079 11,237 AFFO $ 118,810 $ 67,118 $ 37,196 $ 172,004 $ 132,759 Dividends paid to common stock and unitholders $ 118,059 $ 78,705 $ 39,351 $ 158,544 $ 118,408 AFFO payout ratio 99.4% 117.3% 105.8% 92.2% 89.2% (1) See definition on page 43. (2) We adopted ASU 2016-01 on January 1, 2018 and elected the measurement alternative. This standard requires us to mark the investment in shares to fair value whenever fair value is readily available or observable. During the second quarter of 2018, we recognized a $928 thousand unrealized gain on a non-real estate investment. Page 13 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Same-Store Property Performance Unaudited, in thousands, except number of properties and square feet SAME-STORE STATISTICS Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 % change 2018 2017 % change SAME-STORE OFFICE STATISTICS(1)(2) Number of properties 31 31 29 29 Rentable square feet 7,833,206 7,833,206 7,308,513 7,308,513 Ending % leased 94.4% 96.2% (1.8)% 94.3% 96.0% (1.7)% Ending % occupied 93.1% 93.0% 0.1 % 92.8% 92.6% 0.2 % Average % occupied for the period 92.8% 93.6% (0.8)% 92.5% 94.1% (1.6)% SAME-STORE STUDIO STATISTICS(3) Number of properties 3 3 2 2 Rentable square feet 1,204,927 1,204,927 (4) 873,002 873,002 Average % occupied for the period(5) 88.9% N/A N/A 90.9% 90.6% 0.3 % SAME-STORE ANALYSIS—NET OPERATING INCOME Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 % change 2018 2017 % change SAME-STORE NET OPERATING INCOME(6) Total office revenues $ 110,365 $ 106,642 3.5% $ 299,270 $ 286,424 4.5% Total studio revenues 18,549 17,847 3.9 36,684 35,213 4.2 Same-store revenues 128,914 124,489 3.6 335,954 321,637 4.5 Total office expenses 36,080 34,690 4.0 97,630 88,196 10.7 Total studio expenses 10,377 10,588 (2.0) 18,549 19,520 (5.0) Same-store expenses 46,457 45,278 2.6 116,179 107,716 7.9 Same-store office net operating income 74,285 71,952 3.2 201,640 198,228 1.7 NOI margin 67.3% 67.5% (0.2) 67.4% 69.2% (1.8) Same-store studio net operating income 8,172 7,259 12.6 18,135 15,693 15.6 NOI margin 44.1% 40.7% 3.4 49.4% 44.6% 4.8 TOTAL SAME-STORE NET OPERATING INCOME $ 82,457 $ 79,211 4.1% $ 219,775 $ 213,921 2.7% NOI margin 64.0% 63.6% 0.4 65.4% 66.5% (1.1) Page 14 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Same-Store Property Performance (continued) Unaudited, in thousands, except number of properties and square feet SAME-STORE ANALYSIS—NET OPERATING INCOME (CASH BASIS) Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 % change 2018 2017 % change SAME STORE NET OPERATING INCOME (CASH BASIS) Total office cash revenues $ 106,493 $ 103,350 (7) 3.0% $ 286,217 $ 272,133 (7) 5.2% Total studio cash revenues 17,955 18,403 (8) (2.4) 35,829 35,652 (8) 0.5 Same-store cash revenues 124,448 121,753 2.2 322,046 307,785 4.6 Total office cash expenses 35,505 34,115 4.1 95,905 86,460 10.9 Total studio cash expenses 10,377 10,588 (2.0) 18,549 19,520 (5.0) Same-store cash expenses 45,882 44,703 2.6 114,454 105,980 8.0 Same-store office net operating income (cash basis) 70,988 69,235 2.5 190,312 185,673 2.5 NOI margin 66.7% 67.0% (0.3) 66.5% 68.2% (1.7) Same-store studio net operating income (cash basis) 7,578 7,815 (3.0) 17,280 16,132 7.1 NOI margin 42.2% 42.5% (0.3) 48.2% 45.2% 3.0 SAME-STORE NET OPERATING INCOME (CASH BASIS) $ 78,566 $ 77,050 2.0% $ 207,592 $ 201,805 2.9% NOI margin 63.1% 63.3% (0.2) 64.5% 65.6% (1.1) (1) Same-store office for the three months ended September 30, 2018 defined as all properties owned and included in our stabilized office portfolio as of July 1, 2017 and still owned and included in the stabilized office portfolio as of September 30, 2018. Same-store office for the nine months ended September 30, 2018 defined as all properties owned and included in our stabilized office portfolio as of January 1, 2017 and still owned and included in the stabilized office portfolio as of September 30, 2018. (2) See page 22 for same-store office properties. (3) Same-store studio for the three months ended September 30, 2018 defined as all properties owned and included in our studio portfolio as of July 1, 2017 and still owned and included in our studio portfolio as of September 30, 2018. Same-store studio for the nine months ended September 30, 2018 defined as all properties owned and included in our studio portfolio as of January 1, 2017 and still owned and included in our studio portfolio as of September 30, 2018. Same-store studio square feet excludes 6,650 square feet of restaurant space taken off-line for redevelopment during third quarter 2017. Also excluded from same-store studio are 6605 Eleanor Avenue and 1034 Seward Street. (4) Square footage for Harlow required the demolition of approximately 45,000 square feet of existing improvements. This property was taken off-line for development in January 2018. (5) Percent occupied for same-store studio is the average percent occupied for the 12 months ended September 30, 2018. Trailing twelve-month occupancy is not applicable for Sunset Las Palmas Studios during the three months ended September 30, 2017 as the property was acquired in second quarter 2017. (6) See page 45 for the reconciliation of net income to net operating income. (7) Includes material one-time tenant improvement cost reimbursement of $3,232,459 at 875 Howard. (8) Includes material one-time tenant improvement cost reimbursement of $693,891 at Sunset Bronson Studios. Page 15 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Net Operating Income Detail Three Months Ended September 30, 2018 | Unaudited, in thousands Same-Store Same-Store Non-Same- Non-Same- Redevelopment Office Studio Store Office Store Studio /Development Lease-Up Sold/Other Total Properties(1) Properties(2) Properties(3) Properties(2) Properties(4) Properties(3) Properties Properties REVENUE Cash rent $ 83,276 $ 10,567 $ 8,987 $ 570 $ 315 $ 26,141 $ 1,290 $ 131,146 Straight-line rent 2,040 594 2,639 — — 2,357 37 7,667 Amortization of above-market and below-market leases, net 2,170 — 166 — 58 832 3 3,229 Amortization of lease incentive costs (338) — — — — (10) — (348) Total rents 87,148 11,161 11,792 570 373 29,320 1,330 141,694 Tenant recoveries 18,220 166 1,574 133 172 4,278 371 24,914 Parking and other 4,997 7,222 281 — 92 1,222 276 14,090 Total revenue 110,365 18,549 13,647 703 637 34,820 1,977 180,698 OPERATING EXPENSES Property operating cash expenses 35,505 10,377 4,203 134 471 15,297 1,122 67,109 Straight-line rent — — 106 — — — — 106 Amortization of above-market and below-market ground 575 — 14 — — 2 — 591 leases, net Total operating expenses 36,080 10,377 4,323 134 471 15,299 1,122 67,806 TOTAL NET OPERATING INCOME(5) $ 74,285 $ 8,172 $ 9,324 $ 569 $ 166 $ 19,521 $ 855 $ 112,892 Square feet 7,833,206 1,204,927 753,907 41,496 1,478,897 3,432,827 — 14,745,260 Ending % leased 94.4% 88.9% 96.8% 100.0% 20.4% 83.4% —% 84.1% Ending % occupied 93.1% 88.9% 96.1% 100.0% —% 76.5% —% 79.7% NOI margin 67.3% 44.1% 68.3% 80.9% 26.1% 56.1% —% 62.5% RECONCILIATION TO CASH NET OPERATING INCOME Net operating income $ 74,285 $ 8,172 $ 9,324 $ 569 $ 166 $ 19,521 $ 855 $ 112,892 Straight-line rent, net (2,040) (594) (2,533) — — (2,357) (37) (7,561) Amortization of above-market and below-market leases, net (2,170) — (166) — (58) (832) (3) (3,229) Amortization of lease incentive costs 338 — — — — 10 — 348 Amortization of above-market and below-market ground 575 — 14 — — 2 — 591 leases, net TOTAL CASH NET OPERTAING INCOME $ 70,988 $ 7,578 $ 6,639 $ 569 $ 108 $ 16,344 $ 815 $ 103,041 (1) See page 22 for same-store office for the three months ended September 30, 2018. (2) Same-store studio includes Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios. Non-same-store studio includes 6605 Eleanor Avenue and 1034 Seward Street. (3) See page 23 for non-same-store office and lease-up properties. (4) See page 28 for redevelopment, development and held for sale properties. (5) See page 45 for the reconciliation of net income to net operating income. Page 16 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Debt Summary Unaudited, in thousands September 30, December 31, Interest Contractual Annual Debt Balance at 2018 2017 Rate(1) Maturity Date Service(2) Maturity UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility(3)(4) $ 110,000 $ 100,000 LIBOR + 1.05% to 1.50% 3/13/2022 (5) $ — $ 110,000 Term loan A(3)(6) 300,000 300,000 LIBOR + 1.20% to 1.70% 4/1/2020 (7) 7,680 300,000 Term loan C(3) 75,000 75,000 LIBOR + 1.30% to 2.20% 11/17/2020 — 75,000 Term loan B(3)(8) 350,000 350,000 LIBOR + 1.20% to 1.70% 4/1/2022 10,360 350,000 Term loan D(3)(9) 125,000 125,000 LIBOR + 1.20% to 1.70% 11/17/2022 3,288 125,000 Series A notes 110,000 110,000 4.34% 1/2/2023 4,774 110,000 Series E notes 50,000 50,000 3.66% 9/15/2023 1,830 50,000 Series B notes 259,000 259,000 4.69% 12/16/2025 12,147 259,000 Series D notes 150,000 150,000 3.98% 7/6/2026 5,970 150,000 Registered senior notes 400,000 400,000 3.95% 11/1/2027 15,800 400,000 Series C notes 56,000 56,000 4.79% 12/16/2027 2,682 56,000 Total unsecured debt 1,985,000 1,975,000 64,531 1,985,000 Secured debt Sunset Gower Studios/Sunset Bronson(10) 5,001 5,001 LIBOR + 2.25% 3/4/2019 — 5,001 Studios(11) (5) Met Park North(11) 64,500 64,500 LIBOR + 1.55% 8/1/2020 2,393 64,500 10950 Washington(12) 27,018 27,418 5.32% 3/11/2022 2,003 24,981 Element LA 168,000 168,000 4.59% 11/6/2025 7,716 168,000 Hill7(13) 101,000 101,000 3.38% 11/6/2028 3,414 101,000 Rincon Center — 98,392 5.13% N/A — — Total secured debt 365,519 464,311 15,526 363,482 Total unsecured and secured debt 2,350,519 2,439,311 Unamortized deferred financing costs and (17,724) (17,931) loan discounts(14) TOTAL UNSECURED AND SECURED DEBT, NET $ 2,332,795 $ 2,421,380 $ 80,057 $ 2,348,482 IN-SUBSTANCE DEFEASED DEBT(15) $ 139,003 $ — 4.47% 10/1/2022 $ 9,391 $ 125,489 (1) Interest rate with respect to indebtedness calculated on the basis of a 360-day year for the actual days elapsed. Interest rates are as of September 30, 2018, which may be different than the interest rates as of December 31, 2017 for corresponding indebtedness. (2) See definition on page 43. (3) We have an option to make an irrevocable election to change the interest rate depending on our credit rating or a specified base rate plus an applicable margin. As of September 30, 2018, no such election had been made. Page 17 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Debt Summary (continued) (4) We have a total capacity of $600.0 million under our unsecured revolving credit facility. (5) The maturity date may be extended once for an additional one-year term. (6) The interest rate on the outstanding balance of the term loan was effectively fixed at 2.56% to 3.06% per annum through the use of two interest rate swaps. (7) The maturity date may be extended twice, each time for an additional one-year term. (8) The interest rate on the outstanding balance of the term loan was effectively fixed at 2.96% to 3.46% per annum through the use of two interest rate swaps. (9) The interest rate on the outstanding balance of the term loan was effectively fixed at 2.63% to 3.13% per annum through the use of an interest rate swap. (10) We have the ability to draw up to $257.0 million under this loan, subject to lender required submissions. This loan is also secured by our ICON and CUE properties. (11) This loan bears interest only. The interest rate on the full loan amount has been effectively fixed at 3.71% per annum through the use of an interest rate swap. (12) Monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule with a balloon payment at maturity. (13) We own 55% of the ownership interest in the consolidated joint venture that owns the Hill7 property. The full amount of the loan is shown. This loan bears interest only at 3.38% until November 6, 2026, at which time the interest rate will increase and monthly debt service will include principal payments with a balloon payment at maturity. The balance at maturity above excludes principal amortization. (14) Excludes deferred financing costs related to establishing our unsecured revolving credit facility. (15) On August 31, 2018, we assumed the debt held by a trust subsidiary of our consolidated joint venture that owns the One Westside and 10850 Pico properties (collectively, formerly Westside Pavilion). While we own 75% of the ownership interest in the joint venture, the full amount of the loan is shown. The joint venture has, in-substance, defeased the debt by purchasing U.S. Government securities, which are intended to generate cash flows to fund loan obligations through the early prepayment date of the debt. Monthly debt service includes annual debt amortization payments based on a 10-year amortization schedule with a balloon payment at maturity. Page 18 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance Unaudited, in thousands DEBT COMPOSITION DEBT COVENANT COMPLIANCE Weighted Average % of Total Interest Years to Actual Amount Debt Rate(2) Maturity Covenant Performance (5) SECURED AND UNSECURED DEBT UNSECURED REVOLVING CREDIT FACILITY, TERM LOAN AND PRIVATE PLACEMENT Unsecured debt $1,985,000 84.4% 3.6% 5.3 Total liabilities to total asset value ≤ 60% 33.9% Secured debt 365,519 15.6 4.2% 6.6 Unsecured indebtedness to unencumbered asset value ≤ 60% 41.2% TOTAL $2,350,519 100.0% Adjusted EBITDA to fixed charges ≥ 1.5x 3.9x Secured indebtedness to total asset value ≤ 45% 6.9% FLOATING AND FIXED-RATE DEBT Unencumbered NOI to unsecured interest expense ≥ 2.0x 5.0x Floating-rate debt $ 190,001 8.1% 3.5% 2.8 Fixed-rate debt(3) 2,160,518 91.9 3.7% 5.8 UNSECURED REGISTERED SENIOR NOTES(6) TOTAL $2,350,519 100.0% Debt to total assets ≤ 60% 34.9% Total unencumbered assets to unsecured debt ≥ 150% 280.4% Weighted average stated interest rate(2) 3.7% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 4.5x GAAP effective rate including unamortized deferred financing costs and loan discount(4) 3.8% Secured debt to total assets ≤ 45% 7.1% Page 19 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance (continued) (1) Principal amortization and maturities, including amounts due at maturity, exclude in-substance defeased debt related to our One Westside and 10850 Pico properties and unamortized deferred financing costs and loan discounts. (2) Rates as of September 30, 2018 include fixed-rate loans and variable-rate loans with effective fixed-rate as a result of derivative instruments on the full principal balance. Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. (3) Includes instruments of fixed-rate debt and effective fixed-rate debt as a result of derivative instruments on the full principal balance. (4) Rates are as of September 30, 2018 and include unamortized deferred financing costs and loan discount. (5) In November 2015 and July 2016, the operating partnership entered into private placement of debt. In March 2018, the operating partnership entered into an amended and restated credit agreement (the “Facility”), which modified terms related to its unsecured revolving credit facility and term loans. The table summarizes the existing covenants of these agreements and their covenant levels, when considering the most restrictive terms. The covenant and actual performance metrics above represent terms and definitions reflected in the Facility based on the financial results as of September 30, 2018. As of September 30, 2018, the operating partnership was in compliance with both the prior amended and restated credit agreements and the Facility. (6) In October 2017, the operating partnership completed an underwritten public offering of senior notes (the “Senior Notes”). The covenant and actual performance metrics above represent terms and definitions reflected in the Senior Notes based on the financial results as of September 30, 2018. As of September 30, 2018, the operating partnership was in compliance with the Senior Notes agreement. Page 20 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Operational and Portfolio Information

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 In-Service Office Properties(1) Annualized Square Percent Percent Annualized (2) (3) (3) (4) Base Rent Per Submarket Feet Occupied Leased Base Rent Square Foot(4) SAME-STORE(5) Greater Seattle, Washington Northview Center Lynnwood 182,009 86.8% 93.4% $ 3,219,395 $ 20.38 Met Park North South Lake Union 190,748 95.8 95.8 5,333,255 29.19 411 First Pioneer Square 163,768 97.0 97.0 4,908,404 30.89 505 First Pioneer Square 288,140 97.4 97.4 6,537,868 23.29 83 King Pioneer Square 185,206 100.0 100.0 5,615,158 30.32 Subtotal 1,009,871 95.6 96.8 25,614,080 26.53 San Francisco Bay Area, California 1455 Market(6) San Francisco 1,025,833 93.0 93.0 44,478,159 46.61 275 Brannan San Francisco 54,673 100.0 100.0 3,359,193 61.44 625 Second San Francisco 138,080 92.2 92.2 8,140,769 63.93 875 Howard San Francisco 286,270 99.9 99.9 12,338,638 43.14 901 Market San Francisco 206,697 99.4 99.4 11,555,919 56.22 Rincon Center San Francisco 580,850 91.2 91.2 29,881,923 56.42 Towers at Shore Center Redwood Shores 334,483 68.9 83.9 15,512,947 67.32 Skyway Landing Redwood Shores 247,173 81.8 81.8 9,621,819 47.56 555 Twin Dolphin(7) Redwood Shores 198,936 89.5 89.5 9,528,633 53.49 3176 Porter Palo Alto 42,899 100.0 100.0 3,102,067 72.31 3400 Hillview Palo Alto 207,857 100.0 100.0 13,735,024 66.08 Clocktower Square Palo Alto 100,344 52.0 79.0 4,223,565 80.97 Foothill Research Center Palo Alto 195,376 62.9 62.9 8,319,252 67.66 Page Mill Center Palo Alto 176,245 99.9 99.9 12,416,636 70.49 Page Mill Hill Palo Alto 182,676 98.4 98.4 12,188,336 67.79 1740 Technology North San Jose 206,876 99.6 99.6 8,039,428 39.01 Concourse North San Jose 944,386 95.6 97.5 31,222,892 34.60 Skyport Plaza North San Jose 418,086 96.2 96.2 14,522,015 36.10 Subtotal 5,547,740 91.2 92.9 252,187,215 49.83 Los Angeles, California 6922 Hollywood Hollywood 205,523 93.8 93.8 9,256,017 48.03 6040 Sunset Hollywood 114,958 100.0 100.0 5,403,210 47.00 ICON(7) Hollywood 325,757 100.0 100.0 18,354,003 56.34 3401 Exposition West Los Angeles 63,376 100.0 100.0 2,867,476 45.25 10900 Washington West Los Angeles 9,919 100.0 100.0 435,642 43.92 10950 Washington West Los Angeles 159,025 100.0 100.0 6,925,613 43.55 Element LA West Los Angeles 284,037 100.0 100.0 16,348,093 57.56 Del Amo Torrance 113,000 100.0 100.0 3,327,208 29.44 Subtotal 1,275,595 99.0 99.0 62,917,262 49.82 Total same-store 7,833,206 93.1 94.4 340,718,557 46.74 Page 22 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 In-Service Office Properties(1) (continued) Annualized Square Percent Percent Annualized Base Rent Per Submarket Feet(2) Occupied(3) Leased(3) Base Rent(4) Square Foot(4) NON-SAME-STORE San Francisco Bay Area, California Palo Alto Square Palo Alto 333,254 93.3 94.8 23,446,806 75.43 Techmart Santa Clara 284,440 97.6 97.6 12,457,948 44.86 Subtotal 617,694 95.3 96.1 35,904,754 61.00 Los Angeles, California 604 Arizona West Los Angeles 44,260 100.0 100.0 2,921,160 66.00 CUE Hollywood 91,953 100.0 100.0 5,296,493 57.60 Subtotal 136,213 100.0 100.0 8,217,653 60.33 Total non-same-store 753,907 96.1 96.8 44,122,407 60.88 Total stabilized 8,587,113 93.3 94.6 384,840,964 48.02 LEASE-UP Greater Seattle, Washington Hill7(8) South Lake Union 285,310 90.1 100.0 9,598,245 37.34 95 Jackson Pioneer Square 31,659 79.2 79.2 984,626 39.25 450 Alaskan Pioneer Square 170,974 67.6 67.6 4,420,408 38.23 Subtotal 487,943 81.5 87.3 15,003,279 37.72 San Francisco Bay Area, California Metro Center Foster City 736,986 75.5 77.5 28,112,516 50.52 333 Twin Dolphin Redwood Shores 182,789 57.2 57.2 6,213,130 59.45 Shorebreeze Redwood Shores 230,932 76.6 76.6 10,276,578 58.08 Gateway North San Jose 609,093 91.0 93.0 20,758,640 37.46 Metro Plaza(9) North San Jose 456,921 67.7 74.8 11,621,250 37.56 Subtotal 2,216,721 76.8 79.4 76,982,114 45.25 Los Angeles, California 11601 Wilshire West Los Angeles 500,475 89.1 92.5 19,202,472 43.04 10850 Pico (formerly part of Westside Pavilion)(10) West Los Angeles 95,987 84.9 84.9 3,053,988 37.48 Fourth & Traction Downtown Los 131,701 — 100.0 — — Subtotal 728,163 72.5 92.8 22,256,460 42.19 Total lease-up 3,432,827 76.5 83.4 114,241,853 43.49 TOTAL IN-SERVICE 12,019,940 88.5% 91.4% $ 499,082,817 $ 46.90 (1) In-service office excludes the land, redevelopment, development and held for sale properties described on pages 27 and 28. As of September 30, 2018, we had six land properties, three office redevelopment properties and two development properties under construction. We define lease-up properties as office properties that have not yet reached 92.0% occupancy since the date acquired or placed under redevelopment or development. (2) Square footage for office properties determined by management based upon estimated leasable square feet, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. Page 23 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 In-Service Office Properties(1) (continued) (3) Percent occupied for office properties is calculated as (i) square footage under commenced leases as of September 30, 2018, divided by (ii) total square feet, expressed as a percentage. Percent leased for office properties includes uncommenced leases. (4) Rent data for our office properties is presented on an annualized basis. Annualized base rent for office properties is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases as of September 30, 2018, by (ii) 12. Annualized base rent per square foot for the office properties is calculated as (i) annualized base rent divided by (ii) square footage under commenced leases as of September 30, 2018. Annualized base rent does not reflect tenant reimbursements. (5) Defined as all properties owned and included in our stabilized office portfolio as of July 1, 2017 and still owned and included in the stabilized office portfolio as of September 30, 2018. (6) We own 55% of the ownership interests in the consolidated joint venture that owns 1455 Market. (7) 555 Twin Dolphin and ICON are not part of same-store office for the nine months ended September 30, 2018. Same-store office for the nine months ended September 30, 2018 are defined as all properties owned and included in our stabilized office portfolio as of January 1, 2017 and still owned and included in the stabilized office portfolio as of September 30, 2018. (8) We own 55% of the ownership interest in the consolidated joint venture that owns Hill7. (9) Subsequent to September 30, 2018, Nutanix, Inc. signed a new 80,489-square-foot lease at Metro Plaza with anticipated commencement during fourth quarter 2018. (10) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico (formerly part of Westside Pavilion). Page 24 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 In-Service Office Properties by Location(1) Square Occupied Percent Leased Percent Annualized Annualized Base Rent Properties Feet(2) Square Feet Occupied(3) Square Feet Leased(3) Base Rent Per Square Foot(4) STABILIZED Greater Seattle, Washington Lynnwood 1 182,009 158,001 86.8% 169,950 93.4% $ 3,219,395 $ 20.38 South Lake Union 1 190,748 182,692 95.8 182,692 95.8 5,333,255 29.19 Pioneer Square 3 637,114 624,778 98.1 624,778 98.1 17,061,430 27.31 Subtotal 5 1,009,871 965,471 95.6 977,420 96.8 25,614,080 26.53 San Francisco Bay Area, California San Francisco 6 2,292,403 2,157,512 94.1 2,157,512 94.1 109,754,601 50.87 Redwood Shores 3 780,592 610,845 78.3 661,172 84.7 34,663,399 56.75 Palo Alto 7 1,238,651 1,092,628 88.2 1,124,853 90.8 77,431,686 70.87 North San Jose 3 1,569,348 1,510,828 96.3 1,528,813 97.4 53,784,335 35.60 Santa Clara 1 284,440 277,721 97.6 277,721 97.6 12,457,948 44.86 Subtotal 20 6,165,434 5,649,534 91.6 5,750,071 93.3 288,091,969 50.99 Los Angeles, California Hollywood 4 738,191 725,375 98.3 725,375 98.3 38,309,723 52.81 West Los Angeles 5 560,617 560,617 100.0 560,617 100.0 29,497,984 52.62 Torrance 1 113,000 113,000 100.0 113,000 100.0 3,327,208 29.44 Subtotal 10 1,411,808 1,398,992 99.1 1,398,992 99.1 71,134,915 50.85 Total Stabilized 35 8,587,113 8,013,997 93.3% 8,126,483 94.6% $ 384,840,964 $ 48.02 For footnotes (1), (2), (3) and (4) above refer to the descriptions on pages 23 and 24. Page 25 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 In-Service Office Properties by Location(1) (continued) Square Occupied Percent Leased Percent Annualized Annualized Base Rent Properties Feet(2) Square Feet Occupied(3) Square Feet Leased(3) Base Rent Per Square Foot(4) LEASE-UP Greater Seattle, Washington South Lake Union 1 285,310 257,023 90.1% 285,310 100.0% $ 9,598,245 $ 37.34 Pioneer Square 2 202,633 140,712 69.4 140,712 69.4 5,405,034 38.41 Subtotal 3 487,943 397,735 81.5 426,022 87.3 15,003,279 37.72 San Francisco Bay Area, California Foster City 1 736,986 556,454 75.5 571,123 77.5 28,112,516 50.52 Redwood Shores 2 413,721 281,440 68.0 281,440 68.0 16,489,708 58.59 North San Jose 2 1,066,014 863,508 81.0 907,818 85.2 32,379,890 37.50 Subtotal 5 2,216,721 1,701,402 76.8 1,760,381 79.4 76,982,114 45.25 Los Angeles, California West Los Angeles 2 596,462 527,589 88.5 544,369 91.3 22,256,460 42.19 Downtown Los Angeles 1 131,701 — — 131,701 100.0 — — Subtotal 3 728,163 527,589 72.5 676,070 92.8 22,256,460 42.19 Total Lease-up 11 3,432,827 2,626,726 76.5 2,862,473 83.4 114,241,853 43.49 TOTAL IN-SERVICE 46 12,019,940 10,640,723 88.5% 10,988,956 91.4% $ 499,082,817 $ 46.90 For footnotes (1), (2), (3) and (4) above refer to the descriptions on pages 23 and 24. Page 26 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Studio Properties Square Percent of Percent Annual Annual Base Rent Per Feet Total Leased Base Rent Leased Square Foot Sunset Gower Studios 564,976 (1) 45.3% 88.0% $ 17,484,996 $ 35.18 Sunset Bronson Studios 308,026 24.7 96.2 11,831,377 39.91 Total same-store studio(2) 873,002 70.0 90.9% (3) $ 29,316,373 (4) $ 36.95 (5) Sunset Las Palmas Studios 373,421 30.0 84.1% $ 14,697,666 (6) $ 41.85 (7) Total non-same-store studio 373,421 (8) 30.0 84.1% (9) $ 14,697,666 $ 41.85 TOTAL STUDIO 1,246,423 100.0% (1) Square footage for Sunset Gower Studios excludes 6,650 square feet of restaurant space taken off-line for redevelopment during third quarter 2017. (2) Same-store studio defined as all studios owned and included in our portfolio as of January 1, 2017 and still owned and included in our portfolio as of September 30, 2018. (3) Percent leased for same-store studio is the average percent leased for the 12 months ended September 30, 2018. (4) Annual base rent for same-store studio reflects actual base rent for the 12 months ended September 30, 2018, excluding tenant reimbursements. (5) Annual base rent per leased square foot for same-store studio calculated as (i) annual base rent divided by (ii) square footage under lease as of September 30, 2018. (6) Included as part of Sunset Las Palmas Studios is prorated base rent for properties located at 6605 Eleanor Avenue and 1034 Seward Street, which were acquired on June 6, 2018. (7) Annual base rent per leased square foot for non-same-store studio calculated as (i) annual base rent divided by (ii) square footage under lease as of September 30, 2018. (8) Non-same-store studio includes the June 6, 2018 acquisition of 41,496 square feet located at 6605 Eleanor Avenue and 1034 Seward Street in Hollywood, now part of Sunset Las Palmas Studios. (9) Percent leased for non-same-store studio is the average percent leased for the 12 months ended September 30, 2018. Included as part of Sunset Las Palmas Studios is the average percent leased for the properties located at 6605 Eleanor Avenue and 1034 Seward Street, which were acquired on June 6, 2018. Land Properties Submarket Square Feet(1) Percent of Total Cloud10 North San Jose 350,000 13.3% Campus Center—Development Milpitas 946,350 35.9 Subtotal 1,296,350 49.2 Sunset Bronson Studios Lot D—Development(2) Hollywood 19,816 0.8 Sunset Gower Studios—Development Hollywood 423,396 16.0 Sunset Las Palmas Studios—Development Hollywood 400,000 15.2 Element LA—Development West Los Angeles 500,000 18.8 Subtotal 1,343,212 50.8 TOTAL LAND 2,639,562 100.0% (1) Square footage for land assets represents management’s estimate of developable square feet, the majority of which remains subject to entitlement approvals that have not yet been obtained. (2) Square footage for Sunset Bronson Studios Lot D—Development represents management’s estimate of developable square footage for 33 residential units. Page 27 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Redevelopment, Development and Held For Sale Properties(1) Annualized Estimated Occupied Percent Leased Percent Annualized Base Rent Per Submarket Square Feet(2) Square Feet Occupied(3) Square Feet Leased(3) Base Rent(4) Square Foot(4) REDEVELOPMENT Campus Center Milpitas 471,580 — —% — —% $ — $ — One Westside (formerly part of West Los Angeles 500,000 — — — — — — Westside Pavilion)(5) Maxwell Downtown Los Angeles 99,090 — — — — — — Total redevelopment 1,070,670 — — — — — — DEVELOPMENT EPIC Hollywood 302,102 — — 302,102 100.0 — — Harlow Hollywood 106,125 (6) — — — — — — Total development 408,227 — — 302,102 74.0 — — TOTAL 1,478,897 — —% 302,102 20.4% $ — $ — (1) Excludes in-service office and land properties (see pages 22, 23 and 27). (2) Square footages determined by management based upon estimated leasable square footage, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. (3) Percent occupied for office properties is calculated as (i) square footage under commenced leases as of September 30, 2018, divided by (ii) total square feet, expressed as a percentage. Percent leased for office properties includes uncommenced leases. (4) Rent data for our office properties is presented on an annualized basis. Annualized base rent for office properties is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases as of September 30, 2018, by (ii) 12. Annualized base rent per square foot for office properties is calculated as (i) annualized base rent divided by (ii) square footage under commenced lease as of September 30, 2018. Annualized base rent does not reflect tenant reimbursements. (5) Does not include existing tenants expected to expire by January 31, 2019. (6) Square footage for Harlow required the demolition of approximately 45,000 square feet of existing improvements. Page 28 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Under Construction and Future Value Creation Projects Unaudited, in thousands, except square feet Estimated Construction Period Project Costs(1) Estimated Initial Project Total Stabilized Estimated Estimated Estimated Costs Estimated Yield on Start Completion Stabilization Square Total % as of Project Project Submarket Date Date Date(2) Feet(3) Leased 9/30/18 Costs Costs(4) UNDER CONSTRUCTION Harlow Hollywood Q1-2018 Q1-2020 Q4-2020 106,125 (5) —% $ 14,666 (6) $ 81,908 (6) 6.8% EPIC Hollywood Q3-2017 Q1-2020 Q3-2021 302,102 100.0% 62,967 (7) 207,254 (7) 9.8% Maxwell Downtown Q2-2017 Q4-2018 Q3-2019 99,090 —% 68,619 (8) 88,422 (8) 6.4% Los Angeles Total under construction 507,317 146,252 377,584 FUTURE DEVELOPMENT PIPELINE Cloud10 North San TBD TBD TBD 350,000 N/A 11,367 (9) TBD TBD Jose Campus Center—Development Milpitas TBD TBD TBD 946,350 N/A 7,450 (10) TBD TBD Sunset Bronson Studios Hollywood TBD TBD TBD 19,816 N/A N/A TBD TBD Lot D—Development Sunset Gower Studios—Development Hollywood TBD TBD TBD 423,396 N/A N/A TBD TBD Sunset Las Palmas Hollywood TBD TBD TBD 400,000 N/A 21,000 (11) TBD TBD Studios—Development Element LA—Development West Los TBD TBD TBD 500,000 N/A N/A TBD TBD Angeles One Westside (formerly part of Westside West Los TBD TBD TBD 500,000 N/A TBD TBD TBD Pavilion)(12) Angeles Total future development 3,139,562 TOTAL 3,646,879 (1) Project costs exclude interest costs capitalized in accordance with Accounting Standards Codification (“ASC”) 835-20-50-1, personnel costs capitalized in accordance with ASC 970-360-25 and operating expenses capitalized in accordance with ASC 970-340. (2) Based on management’s estimate of stabilized occupancy (92.0%). Occupancy for stabilization purposes is defined as the commencement of base rental payments (defined as cash base rents (before abatements)). (3) Square footage for office properties determined by management based upon estimated leasable square footage, which may be less or more than the Building Owners and Managers Association (BOMA) rentable area. Square footage may change over time due to re-measurement or re-leasing. Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals not yet obtained. Page 29 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Under Construction and Future Value Creation Projects (continued) (4) Estimated initial stabilized yield on project costs calculated as the quotient of the estimated NOI and our investment in the property once the project has reached stabilization and initial rental concessions, if any, have elapsed. Our estimated initial stabilized yield excludes the impact of leverage. Our cash rents related to our value creation projects are expected to increase over time and our average cash yields are expected, in general, to be greater than our estimated initial stabilized yields on a cash basis. Our estimates for initial cash yields and total costs at completion represent our current estimates, which may be updated upon completion of the project or sooner if there are significant changes to the expected project yields or costs. We caution against placing undue reliance on the estimated initial stabilized yields because they are based solely on our estimates, using data available to us throughout the development process. The amount of total investment required to reach stabilized occupancy may differ substantially from our estimates due to various factors. We can provide no assurance that the actual initial stabilized yields will be consistent with the estimated initial stabilized yields set forth herein. (5) Square footage for Harlow required the demolition of approximately 45,000 square feet of existing improvements. (6) Project costs as of September 30, 2018 and total estimated project costs for Harlow include $4.2 million for management’s estimate of allocated land and acquisition costs. (7) Project costs as of September 30, 2018 and total estimated project costs for EPIC exclude land. (8) Project costs as of September 30, 2018 and total estimated project costs for Maxwell include approximately $40.0 million of initial acquisition costs for the existing 99,090-square-foot building. (9) Project costs as of September 30, 2018 for Cloud10 include approximately $10.5 million for management’s estimate of allocated land and acquisition costs. (10) Project costs as of September 30, 2018 for Campus Center—Development include approximately $7.0 million for management’s estimate of allocated land and acquisition costs. (11) Project costs as of September 30, 2018 for Sunset Las Palmas Studios—Development include $20.8 million for management’s estimate of allocated land and acquisition costs. (12) On March 1, 2018, we entered into a joint venture with Macerich WSP, LLC (“Macerich”) to redevelop Westside Pavilion, a shopping mall in West Los Angeles, into approximately 500,000 square feet of state-of-the-art creative office space, with approximately 95,987 square feet of existing entertainment retail and entertainment space. Estimated total project costs, including the $190.0 million asset value at contribution, are in the range of $425.0-475.0 million, with each partner contributing its pro rata share. Estimated yields will range between 6.5%-7.0%. Construction is expected to be completed by mid-2021. Page 30 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Value Creation Project Images—Completed Last 24 Months, Under Construction and Planned ICON | Development CUE | Development 450 Alaskan | Development Fourth & Traction | Redevelopment Los Angeles (Hollywood) Los Angeles (Hollywood) Seattle (Pioneer Square) Los Angeles (Arts District) 325,757 SF | Completed 4Q16 91,953 SF | Completed 3Q17 170,974 SF | Completed 3Q17 131,701 SF | Completed 2Q17 Single Tenant (Netflix) Single Tenant (Netflix) Multi-Tenant Single Tenant (Honey Science) 95 Jackson | Redevelopment Maxwell | Redevelopment EPIC | Development Harlow | Development Seattle (Pioneer Square) Los Angeles (Arts District) Los Angeles (Hollywood) Los Angeles (Hollywood) 31,659 SF | Completed 2Q18 99,090 SF | Completion 4Q18 302,102 SF | Completion 1Q20 106,125 SF | Completion 1Q20 Multi-Tenant Single or Multi-Tenant Single Tenant (Netflix) Single or Multi-Tenant Completed last 24 months Under construction Planned One Westside | Redevelopment Cloud10 | Development Sunset Gower Studios | Development Los Angeles (West Los Angeles) Silicon Valley (North San Jose) Los Angeles (Hollywood) 500,000 SF(1) | Completion 2Q21 350,000 SF(1) | Completion TBD 423,396(1) SF | Completion TBD Single or Multi-Tenant Single Tenant (Build-to-Suit) Multi-Tenant (1) Square footage for office properties determined by management based upon estimated leasable square footage, which may be less or more than the Building Owners and Managers Association (BOMA) rentable area. Square footage may change over time due to re-measurement or re-leasing. Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals not yet obtained. Page 31 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Office Tenant Industry Diversification(1) INDUSTRY DIVERSIFICATION TECHNOLOGY DIVERSIFICATION Annualized Annualized Base Rent as Base Rent as Percent of Percent of Industry Square Feet(2)(3) Total Sector Square Feet(2)(3) Total Technology 4,377,440 40.0% Online services 1,037,425 30.7% Media and Entertainment 1,479,916 15.5 Software 1,000,036 22.8 Legal 686,535 9.0 Computer hardware and technology equipment 1,137,929 19.2 Business Services 835,837 7.7 Business support services 722,058 15.3 Financial Services 779,728 7.4 Other 354,001 8.7 Other 401,843 4.5 Biotechnology, healthcare and medical research 66,269 2.0 Retail 619,888 4.0 Telecommunications and networking 59,722 1.3 Insurance 328,986 2.7 TOTAL 4,377,440 100.0% Government 195,515 2.1 Advertising 242,427 2.1 MEDIA AND ENTERTAINMENT DIVERSIFICATION Real Estate 197,227 1.8 Annualized Base Rent as Educational 159,098 1.8 Percent of (2)(3) Healthcare 193,343 1.4 Sector Square Feet Total TOTAL 10,497,783 100.0% Entertainment production and service 935,586 61.6% Gaming 351,717 27.2 Advertising and marketing 134,951 8.3 Other 57,662 2.9 TOTAL 1,479,916 100.0% (1) Office tenant industry diversification determined by management using Thompson Reuters Business Classification (TRBC). (2) Excludes signed leases not commenced. (3) Excludes 142,940 square feet occupied by Hudson Pacific Properties, Inc. Page 32 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Fifteen Largest Office Tenants Total Percent of Leased Rentable Percent of Number Number of Lease Square Square Annualized Annualized Tenant Property of Leases Properties Expiration Feet Feet Base Rent(1) Base Rent Google, Inc.(2) Various 3 3 Various 472,189 3.5% $ 32,828,872 6.6% Netflix, Inc.(3) Various 2 2 Mid-2031 417,710 3.1 23,650,496 4.7 Riot Games, Inc.(4) Element LA 1 1 3/31/2030 284,037 2.1 16,348,093 3.3 Square, Inc.(5) 1455 Market 1 1 9/27/2023 391,025 2.9 16,322,020 3.3 Uber Technologies, Inc. 1455 Market 1 1 2/28/2025 325,020 2.4 16,036,451 3.2 Qualcomm Skyport Plaza 2 1 7/31/2022 376,817 2.8 13,669,413 2.7 Salesforce.com(6) Rincon Center 2 1 Various 265,394 2.0 13,407,409 2.7 Stanford(7) Various 4 3 Various 151,249 1.1 10,900,077 2.2 Nutanix, Inc.(8) Various 3 3 5/31/2024 275,919 2.0 10,674,576 2.1 GSA(9) Various 5 5 Various 188,052 1.4 8,636,467 1.7 Dell EMC Corporation(10) Various 3 2 Various 294,756 2.2 8,174,507 1.6 NFL Enterprises(11) Various 2 2 12/31/2023 167,606 1.2 7,361,256 1.5 Regus(12) Various 5 6 Various 148,506 1.1 6,281,784 1.3 GitHub, Inc.(13) Various 2 2 4/30/2020 90,003 0.7 5,542,587 1.1 Technicolor Various 1 1 5/31/2020 114,958 0.9 5,403,210 1.1 TOTAL 37 34 3,963,241 29.4% $195,237,218 39.1% (1) Annualized base rent is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases as of September 30, 2018, by (ii) 12. Annualized base rent does not reflect tenant reimbursements (2) Google, Inc. expirations by square footage and property: (i) 207,857 square feet at 3400 Hillview expiring on November 30, 2021, (ii) 97,872 square feet at Foothill Research Center expiring on February 28, 2025, and (iii) 166,460 square feet at Rincon Center expiring on February 29, 2028. Google, Inc. may elect to exercise its early termination right at Rincon Center for 166,460 square feet effective April 15, 2025 by delivering written notice on or before January 15, 2024. (3) Netflix, Inc. expirations by square footage and property: 325,757 square feet at ICON and 91,953 square feet at CUE. Netflix, Inc. is expected to take possession of an additional 302,102 square feet at EPIC during fourth quarter 2019. Please see page 37 for description of phasing and rent abatements. Expiration date to be determined based on the commencement of the Netflix, Inc. lease at EPIC. (4) Riot Games, Inc. may elect to exercise its early termination right for the entire premises effective March 31, 2025 by delivering written notice on or before March 31, 2024. (5) Square, Inc. is expected to take possession of an additional: (i) 26,028 square feet during fourth quarter 2018 and (iii) 52,003 square feet during first quarter 2019. (6) Salesforce.com expirations by square footage: (i) 83,016 square feet expiring on July 31, 2025, (ii) 83,372 square feet expiring on April 30, 2027, (iii) 93,028 square feet expiring October 31, 2028, and (iv) 5,978 square feet of month-to-month storage space. Salesforce.com may elect to exercise its early termination right with respect to 74,966 square feet by delivering written notice between August 1, 2021 and September 30, 2021. (7) Stanford expirations by square footage and property: (i) Stanford Healthcare 63,201 square feet at Page Mill Center expiring June 30, 2019, (ii) Board of Trustees Stanford 18,753 square feet at Page Mill Hill expiring August 31, 2019, (iii) Stanford University 26,080 square feet at Palo Alto Square expiring on December 31, 2019, and (iv) Board of Trustees Stanford 43,215 square feet at Page Mill Center expiring December 31, 2022. Page 33 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Fifteen Largest Office Tenants (continued) (8) Nutanix, Inc. expirations by square footage and property: (i) 189,084 square feet at 1740 Technology, (ii) 58,714 square feet at Concourse, and (iii) 28,121 square feet at Metro Plaza. At 1740 Technology, Nutanix, Inc. is expected to take possession of an additional: (i) 7,163 square feet during first quarter 2020, (ii) 3,198 square feet during fourth quarter 2020, and (iii) 6,413 square feet during second quarter 2022. At Concourse, Nutanix, Inc. is expected to take possession of an additional: (i) 7,934 square feet during fourth quarter 2018, (ii) 29,357 square feet during second quarter 2019, (iii) 28,930 square feet during fourth quarter 2019, and (iv) 6,416 square feet during first quarter 2020. Subsequent to September 30, 2018, Nutanix, Inc. signed a new 80,489-square-foot lease at Metro Plaza with anticipated commencement during fourth quarter 2018. (9) GSA expirations by square footage and property: (i) 22,391 square feet at 1455 Market expiring on October 26, 2018, (ii) 49,338 square feet at 1455 Market expiring on February 19, 2019, (iii) 28,993 square feet at Northview Center expiring on April 4, 2020, (iv) 28,316 square feet at Rincon Center expiring May 31, 2020, (v) 40,626 square feet at 901 Market expiring on July 31, 2021, and (vi) 18,388 square feet at Concourse expiring on May 7, 2024. This tenant may elect to exercise its early termination right at 901 Market with respect to 40,626 square feet any time after November 1, 2017 with 120 days prior written notice. (10) Dell EMC Corporation expirations by square footage and property: (i) 66,510 square feet at 875 Howard expiring on June 30, 2019, (ii) 185,292 square feet at 505 First expiring on October 18, 2021, and (iii) 42,954 square feet at 505 First expiring on December 31, 2023. (11) NFL Enterprises by square footage and property: (i) 157,687 square feet at 10950 Washington and (ii) 9,919 square feet at 10900 Washington. NFL Enterprises may elect to exercise its early termination right with respect to 167,606 square feet effective June 30, 2020 by delivering written notice on or before October 4, 2019. (12) Regus expirations by property and square footage: (i) 27,369 square feet at Techmart expiring April 30, 2020, (ii) 44,957 square feet at Gateway expiring March 31, 2022, (iii) 20,059 square feet at 11601 Wilshire expiring February 29, 2024, (iv) 9,739 square feet at Palo Alto Square expiring April 30, 2026, (v) 25,086 square feet at 95 Jackson expiring October 31, 2030, and (vi) 21,296 square feet at 450 Alaskan expiring October 31, 2030. Regus may elect to exercise its early termination right at 11601 Wilshire for 20,059 square feet effective February 28, 2021 by delivering written notice on or before February 28, 2020. (13) GitHub, Inc. expirations by square footage and property: (i) 54,673 square feet at 275 Brannan and (ii) 35,330 square feet at 625 Second. Page 34 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Office Property Leasing Activity Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 Total gross leasing activity 1,199,578 2,559,452 Rentable square feet 55 179 Gross new leasing activity Rentable square feet 709,224 1,394,068 New cash rate $ 56.22 $ 53.50 Gross renewal leasing activity Rentable square feet 490,354 1,165,384 Renewal cash rate $ 73.00 $ 56.99 Total leases expired and terminated Contractual (scheduled) expiration 149,902 1,248,686 Early termination 55,212 136,270 Total 205,114 1,384,956 Net absorption Leased rentable square feet 504,110 9,112 Cash rent growth(1) Expiring rate $ 58.17 $ 47.51 New/renewal rate(2) $ 65.17 $ 54.36 Change 12.0% 14.4% Straight-line rent growth(3) Expiring rate $ 49.01 $ 42.16 New/renewal rate(2) $ 62.95 $ 53.73 Change 28.4% 27.5% Weighted average lease terms New (in months) 107.0 84.1 Renewal (in months) 55.5 56.0 TENANT IMPROVEMENTS AND LEASING COMMISSIONS(4) Lease Transaction Costs Per Square Foot Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 Total Annual Total Annual New leases $ 94.84 $ 10.64 $ 75.15 $ 10.72 Renewal leases $ 50.99 $ 11.03 $ 42.78 $ 9.16 Blended $ 76.91 $ 10.74 $ 60.42 $ 10.16 (1) Represents a comparison between initial stabilized cash rents on new and renewal leases as compared to the expiring cash rents in the same space. New leases are only included if the same space was leased within the previous 12 months. (2) The new rates being compared to expiring rates for the three months ended September 30, 2018 are calculated using the weighted average starting rates for 213,560 square feet of new leases. The new rates being compared to expiring rates for the nine months ended September 30, 2018 are calculated using the weighted average starting rates for 698,015 square feet of new leases. The renewal rates are a weighted average calculation of the total executed renewals for the periods indicated. (3) Represents a comparison between initial straight-line rents on new and renewal leases as compared to the straight-line rents on expiring leases in the same space. New leases are only included if the same space was leased within the previous 12 months. (4) Represents per-square-foot weighted average lease transaction costs based on the leases executed in the current quarter. Page 35 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Commenced Office Leases with Non-Recurring Upfront Abatements(1) Square Lease Rent Starting Lease Submarket Feet Start Date Start Date Base Rents(2) Expiration Date Greater Seattle, Washington 95 Jackson Pioneer Square 25,086 5/11/2018 10/8/2018 $ 39.25 10/31/2030 450 Alaskan Pioneer Square 21,296 5/11/2018 10/8/2018 $ 39.25 10/31/2030 San Francisco Bay Area, California Metro Center Foster City 18,817 12/1/2017 9/1/2018 $ 43.80 8/31/2025 Palo Alto Square Palo Alto 27,186 1/15/2018 8/15/2018 $ 89.40 8/31/2028 555 Twin Dolphin Redwood Shores 35,006 4/1/2018 8/1/2018 $ 60.60 3/31/2023 Techmart Santa Clara 11,776 5/1/2018 8/1/2018 $ 45.60 7/31/2024 Skyport Plaza North San Jose 14,618 5/3/2018 10/30/2018 $ 34.20 12/31/2033 Gateway(3) North San Jose 17,893 5/21/2018 5/21/2018 $ 40.20 2/28/2027 Palo Alto Square Palo Alto 40,827 6/28/2018 10/1/2018 $ 31.40 6/30/2025 Metro Center Foster City 10,517 7/1/2018 3/1/2019 $ 70.20 2/28/2029 1455 Market San Francisco 26,011 7/1/2018 11/1/2018 $ 77.00 9/27/2023 Gateway North San Jose 17,728 9/1/2018 12/1/2018 $ 40.20 11/30/2023 Page Mill Hill(4) Palo Alto 20,617 9/12/2018 9/12/2018 $ 76.20 9/30/2023 Los Angeles, California CUE Hollywood 52,626 2/1/2018 8/1/2018 $ 57.60 Mid-2031 (5) 604 Arizona West Los Angeles 44,260 2/1/2018 8/1/2018 $ 66.00 5/31/2025 (1) Consists of leases for more than 10,000 square feet that commenced on or prior to September 30, 2018, with three or more months of up-front free rent resulting in a rent start date after the commencement of the three-month period ending September 30, 2018. (2) Stated per leased square foot. Calculated by dividing the product of (i) monthly base rental payments (defined as cash base rents (before abatements)) as of the lease commencement date, and (ii) 12, by (iii) the leased square footage. For commenced leases, calculated by dividing the product of (i) monthly base rental payments (defined as cash base rents (before abatements)) for the month ended September 30, 2018, and (ii) 12, by (iii) leased square footage. Base rents do not include tenant reimbursements. (3) Tenant paid monthly base rent concurrently with the lease start date on May 21, 2018. Monthly base rent is fully abated for the subsequent six-month period from June 2018 through November 2018. (4) Tenant paid monthly base rent concurrently with the lease start date on September 12, 2018. Monthly base rent is fully abated for the subsequent three-month period from October 2018 through December 2018 and partially abated for the subsequent three-month period from January 2019 through March 2019. (5) The lease expiration date for Netflix, Inc. at CUE is contingent upon the commencement of their lease at EPIC. Page 36 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Uncommenced Office Leases—Next Eight Quarters(1) Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Starting Starting Starting Starting Starting Starting Starting Starting Rent per Rent per Rent per Rent per Rent per Rent per Rent per Rent per SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) Greater Seattle, Washington Lynnwood 11,450 $ 20.50 499 $ 21.50 — $ — — $ — — $ — — $ — — $ — — $ — South Lake Union 28,287 36.00 — — — — — — — — — — — — — — Subtotal 39,737 31.53 499 21.50 — — — — — — — — — — — — San Francisco Bay Area, California Foster City 14,669 66.17 — — — — — — — — — — — — — — Redwood Shores — — 50,327 66.00 — — — — — — — — — — — — Palo Alto 32,225 88.34 — — — — — — — — — — — — — — North San Jose 60,778 40.96 1,517 43.80 — — — — — — — — — — — — Subtotal 107,672 58.58 51,844 65.35 — — — — — — — — — — — — Los Angeles, California Downtown Los Angeles — — — — — — 123,097 42.56 (3) — — — — — — — — Hollywood — — — — — — — — 302,102 68.40 (4) — — — — — — West Los Angeles 16,780 54.71 — — — — — — — — — — — — — — Subtotal 16,780 54.71 — — — — 123,097 42.56 302,102 68.40 — — — — — — TOTAL $ $ $ $ $ $ $ $ UNCOMMENCED 164,189 51.64 52,343 64.93 — — 123,097 42.56 302,102 68.40 — — — — — — (1) Consists of uncommenced leases, defined as new leases with respect to vacant space executed on or prior to September 30, 2018, but with commencement dates after September 30, 2018 and within the next eight quarters. This table omits submarkets without any uncommenced leases over the next eight quarters. (2) Calculated by dividing (a) the product of (i) monthly base rental payments (defined as cash base rents (before abatements)) as of the lease commencement date, and (ii) 12, by (b) the leased square footage. Base rents do not include tenant reimbursements. Rent commencement dates do not reflect up-front free rents, if any. (3) Honey Science Corporation is anticipated to commence monthly base rent payments in the following periods: 77,456 square feet during third quarter 2019 with base rent abatements from the fourth through thirteenth month following rent commencement, and 45,641 square feet during second quarter 2020. Honey Science Corporation is anticipated to take possession of an additional 8,604 square feet during second quarter 2022. (4) Netflix, Inc. is anticipated to commence monthly base rent payments in the following periods: (i) 136,013 square feet during first quarter 2020 with base rent abatements from the second through the ninth month following rent commencement, (ii) 105,889 square feet during third quarter 2020 with base rent abatements from the second through the eighth month following rent commencement, and (iii) 60,200 square feet during first quarter 2021 with base rent abatements from the second through the seventh month following rent commencement. Page 37 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Backfilled Office Leases—Next Eight Quarters(1) Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Starting Starting Starting Starting Starting Starting Starting Starting Rent per Rent per Rent per Rent per Rent per Rent per Rent per Rent per SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) SF SF(2) Greater Seattle, Washington Pioneer Square — $ — 82,390 $ 38.99 24,612 $ 43.00 — $ — — $ — — $ — — $ — — $ — Subtotal — — 82,390 38.99 24,612 43.00 — — — — — — — — — — San Francisco Bay Area, California San Francisco 32,069 76.12 52,003 78.00 — — — — — — — — — — — — Foster City — — 11,243 69.00 — — — — — — — — — — — — Palo Alto 8,517 87.00 — — — — — — — — — — — — — — Santa Clara 7,758 56.40 — — — — — — — — — — — — — — North San Jose 30,238 39.05 707 48.00 38,504 35.43 — — 28,930 37.08 13,579 38.39 — — — — Subtotal 78,582 61.09 63,953 76.09 38,504 35.43 — — 28,930 37.08 13,579 38.39 — — — — Los Angeles, California West Los Angeles 2,287 60.00 — — — — — — — — — — — — — — Subtotal 2,287 60.00 — — — — — — — — — — — — — — Total backfilled 80,869 61.06 146,343 55.20 63,116 38.38 — — 28,930 37.08 13,579 38.39 — — — — TOTAL UNCOMMENCED $ $ $ $ $ $ $ $ AND BACKFILLED 245,058 54.74 198,686 57.76 63,116 38.38 123,097 42.56 331,032 65.66 13,579 38.39 — — — — (1) Consists of backfilled leases, defined as new leases with respect to occupied space executed on or prior to September 30, 2018, but with commencement dates after September 30, 2018 and within the next eight quarters. This table omits submarkets without any backfilled leases over the next eight quarters. (2) Calculated by dividing (a) the product of (i) monthly base rental payments (defined as cash base rents (before abatements)) as of the lease commencement date, and (ii) 12, by (b) the leased square footage. Base rents do not include tenant reimbursements. Rent commencement dates do not reflect up-front free rents, if any. Page 38 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Expiring Office Leases—Next Eight Quarters(1) Q4 2018(2) Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ SF(3) SF(4) SF(3) SF(4) SF(3) SF(4) SF(3) SF(4) SF(3) SF(4) SF(3) SF(4) SF(3) SF(4) SF(3) SF(4) Greater Seattle, Washington Lynnwood 7,737 $20.50 — $ — — $ — — $ — — $ — 31,409 $20.54 34,474 $22.88 — $ — Pioneer 6,839 32.85 148,539 28.94 (7) — — 6,452 32.00 6,372 40.16 8,400 34.00 — — — — Square Subtotal 14,576 26.30 148,539 28.94 — — 6,452 32.00 6,372 40.16 39,809 23.38 34,474 22.88 — — San Francisco Bay Area, California Foster City 19,442 40.20 15,076 50.17 713 70.69 — — 14,244 65.15 22,596 60.90 37,505 48.14 13,712 68.59 Palo Alto 20,673 63.04 — — 114,273 74.57 (11) 48,266 82.27 38,793 84.53 14,809 74.76 22,846 85.83 20,921 98.12 Redwood 37,606 56.72 56,265 55.72 (8) 145,692 59.81 (12) 46,437 59.95 59,111 49.93 (16) 21,621 62.98 41,392 62.64 19,866 65.88 Shores San 69,807 59.96 (5) 53,645 65.49 (9) 74,127 44.57 (13) 1,027 48.14 — — 41,479 49.67 118,319 61.08 (20) 8,233 54.64 Francisco North San 124,395 33.55 (6) 67,745 34.36 (10) 61,028 37.55 (14) 52,613 35.87 (15) 127,232 36.27 (17) 54,331 38.56 (19) 44,292 36.92 46,243 38.85 Jose Santa Clara 5,707 49.66 3,455 49.21 11,633 43.92 2,453 49.94 21,533 41.63 10,535 47.94 42,722 47.47 8,741 52.56 Subtotal 277,630 46.32 196,186 50.47 407,466 57.41 150,796 58.45 260,913 48.56 165,371 51.43 307,076 56.17 117,716 59.53 Los Angeles, California Hollywood 10,740 45.74 3,459 98.64 — — 3,378 52.20 11,900 51.29 40,887 43.79 114,958 48.65 (21) — — Torrance — — — — — — — — 113,000 29.44 (18) — — — — — — West Los 47,100 29.16 4,517 53.56 20,831 43.70 — — 12,112 48.56 1,617 49.30 16,705 53.02 3,231 60.96 Angeles Subtotal 57,840 32.24 7,976 73.11 20,831 43.70 3,378 52.20 137,012 33.03 42,504 44.00 131,663 49.20 3,231 60.96 TOTAL 350,046 $43.16 352,701 $41.92 428,297 $56.74 160,626 $57.26 404,297 $43.17 247,684 $45.65 473,213 $51.81 120,947 $59.57 Expirations as % of In- 2.9% 2.9% 3.6% 1.3% 3.4% 2.1% 3.9% 1.0% Service (1) This does not reflect 23,850 square feet that expired on September 30, 2018. This table omits submarkets without any expirations over the next eight quarters. (2) Fourth quarter 2018 expiring square footage does not include 16,952 square feet of month-to-month leases. (3) Includes leases that expire on the last day of the quarter. (4) Calculated by dividing (a) the product of (i) monthly base rental payments (defined as cash base rents (before abatements)) as of the lease expiration date, and (ii) 12, by (b) the leased square footage. Base rents do not include tenant reimbursements. (5) Top three expiring tenants by square footage: (i) Anaplan, Inc. at 625 Second for 38,775 square feet, (ii) GSA at 1455 Market for 22,391 square feet, and (iii) DiscoverReady LLC at 625 Second for 6,041 square feet. Page 39 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Expiring Office Leases—Next Eight Quarters(1) (continued) (6) Top three expiring tenants by square footage: (i) Pixelworks, Inc. at Concourse for 19,294 square feet, (ii) Quantum Corporation at Concourse for 19,294 square feet, and (iii) Aerotek, Inc. at Concourse for 13,191 square feet. (7) Top three expiring tenants by square footage: (i) Capital One at 83 King for 133,148 square feet (74,700 square feet of this space is backfilled by RealSelf, Inc. and 24,612 square feet by Lyft), (ii) Maveron LLC at 411 First for 6,136 square feet, and (iii) Cowgirls, Inc. at 411 First for 5,995 square feet. (8) Top three expiring tenants by square footage: (i) Check Point Software Technologies, Inc. at Skyway Landing for 40,265 square feet, (ii) Plays.tv, Inc. at 555 Twin Dolphin for 7,195 square feet, and (iii) PCCW Global, Inc. at Towers at Shore Center for 3,208 square feet. (9) Total expiring square footage consists of: (i) GSA at 1455 Market for 49,338 square feet and (ii) TruSignal, Inc. at 875 Howard for 4,307 square feet. (10) Top three expiring tenants by square footage: (i) Virident Systems, Inc. at Concourse for 38,504 square feet, (ii) AKM Semiconductor, Inc. at Concourse for 7,457 square feet, and (iii) Randstad Professionals US, LP at Gateway for 5,539 square feet. (11) Total expiring square footage consists of: (i) Stanford Health Care at Page Mill Center for 63,201 square feet, (ii) Baker McKenzie at Clocktower Square for 34,414 square feet, and (iii) Thoughtspot, Inc. at Palo Alto Square for 16,658 square feet. (12) Top three expiring tenants by square footage: (i) MarkLogic Corporation at Skyway Landing for 40,268 square feet, (ii) Teachers Insurance & Annuity Association at Towers at Shore Center for 25,549 square feet, and (iii) Alarm.com, Inc. at 555 Twin Dolphin for 16,027 square feet. (13) Total expiring square footage consists of: (i) Dell EMC Corporation at 875 Howard for 66,510 square feet, (ii) Blue Jeans Network, Inc. at 625 Second for 6,834 square feet, and (iii) Shoe Stop at Rincon Center for 783 square feet. (14) Top three expiring tenants by square footage: (i) Innogrit Corporation at Concourse for 7,281 square feet, (ii) Tech Mahindra (Americas), Inc. at Concourse for 6,969 square feet, and (iii) Larsen & Toubro Infotech Limited at Concourse for 6,425 square feet. (15) Top three expiring tenants by square footage: (i) Contract Office Group, Inc. at Concourse for 9,956 square feet, (ii) Sears Holdings Management Corporation at Concourse for 8,089 square feet, and (iii) E2open, LLC at Concourse for 7,598 square feet. (16) Top three expiring tenants by square footage: (i) Quinn Emanuel Urquhart & Sullivan, LLP at 555 Twin Dolphin for 34,998 square feet, (ii) Kidder Matthews of California, Inc. at Towers at Shore Center for 7,177 square feet, and (iii) Colliers Parrish International, Inc. at Towers at Shore Center for 6,257 square feet. (17) Top three expiring tenants by square footage: (i) Ensighten, Inc. at Concourse for 28,930 square feet, (ii) CenturyLink at Concourse for 13,258 square feet, and (iii) GEO Semiconductor, Inc. at Metro Plaza for 13,027 square feet. (18) Total expiring square footage consists of Saatchi & Saatchi North America, Inc. at Del Amo for 113,000 square feet. (19) Top three expiring tenants by square footage: (i) Hensel Phelps at Concourse for 13,688 square feet, (ii) Quantum Corporation at Concourse for 7,654 square feet, and (iii) TDK Corporation at 1740 Technology for 7,386 square feet. (20) Total expiring square footage consists of: (i) GitHub, Inc. at 275 Brannan for 54,673 square feet, (ii) GitHub, Inc. at 625 Second for 35,330 square feet, and (iii) GSA at Rincon Center for 28,316 square feet. (21) Total expiring square footage consists of Technicolor Creative Services USA, Inc. at 6040 Sunset for 114,958 square feet. Page 40 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Expiring Office Leases—Annual Annualized Square Percentage of Annualized Base Rent Per Number of Footage of Percent of Office Portfolio Base Rent Per Annualized Lease Square Leases Expiring Office Portfolio Annualized Annualized Leased Square Base Rent at Foot at Year of Lease Expiration Expiring Leases(1) Square Feet Base Rent (1) Base Rent Foot (2) Expiration Expiration (3) Vacant 2,207,779 16.3% 2018 52 373,896 2.8 $ 16,002,078 3.0% $ 42.80 $ 15,973,460 $ 42.72 2019 149 1,345,921 10.0 63,794,904 11.8 47.40 65,735,187 48.84 2020 126 1,036,128 7.7 50,124,338 9.3 48.38 52,473,182 50.64 2021 119 1,213,303 9.0 53,098,480 9.9 43.76 57,423,489 47.33 2022 90 1,066,294 7.9 48,635,393 9.1 45.61 54,537,264 51.15 2023 70 1,385,596 10.3 56,821,601 10.6 41.01 66,290,430 47.84 2024 58 1,010,705 7.5 49,722,329 9.3 49.20 58,846,519 58.22 2025 25 997,766 7.4 47,237,252 8.8 47.34 60,167,794 60.30 2026 11 214,326 1.6 12,530,771 2.3 58.47 15,548,974 72.55 Thereafter 42 1,836,896 13.6 100,720,759 18.8 54.83 138,309,910 75.30 Building management use 21 142,940 1.1 — — — — — Signed leases not commenced(4) 23 650,335 4.8 38,045,240 7.1 58.50 50,264,933 77.29 TOTAL/WEIGHTED AVERAGE(5) 786 13,481,885 100.0% $ 536,733,145 100.0% $ 47.61 $ 635,571,142 $ 56.37 (1) Rent data for our office properties is presented on an annualized basis without regard to cancellation options. Annualized base rent for office properties is calculated multiplying (i) base rental payments (defined as cash base rents (before abatements)) as of September 30, 2018, by (ii) 12. Annualized base rent does not reflect tenant reimbursements. Annualized base rent per square foot for all lease expiration years is calculated as (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases, divided by (ii) square footage under commenced leases as of September 30, 2018. (2) Annualized base rent per square foot for all lease expiration years is calculated as (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases, divided by (ii) square footage under commenced leases as of September 30, 2018. (3) Annualized base rent per square foot at expiration for all lease expiration years is calculated as (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases, divided by (ii) square footage under commenced lease as of September 30, 2018. (4) Annualized base rent per leased square foot and annualized base rent per square foot at expiration for signed leases not commenced reflects uncommenced leases for space not occupied as of September 30, 2018 and is calculated as (i) base rental payments (defined as cash base rents (before abatements)) under uncommenced leases for vacant space as of September 30, 2018, divided by (ii) square footage under uncommenced leases as of September 30, 2018. (5) Total expiring square footage does not include 16,952 square feet of month-to-month leases. Page 41 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Definitions and Reconciliations

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Definitions Adjusted Funds From Operations (“AFFO”): Non-GAAP financial measure we believe is a useful supplemental measure of our performance. We compute AFFO by adding to FFO the non-cash compensation expense and amortization of deferred financing costs, and subtracting recurring capital expenditures, tenant improvements and leasing commissions (excluding pre-existing obligations on contributed or acquired properties funded with amounts received in settlement of prorations), and eliminating the net effect of straight-line rents, amortization of lease buy-out costs, amortization of above-and below-market lease intangible assets and liabilities, amortization of above-and below-market ground lease intangible assets and liabilities and amortization of loan discounts/premium. AFFO is not intended to represent cash flow for the period. We believe that AFFO provides useful information to the investment community about our financial position as compared to other REITs since AFFO is a widely reported measure used by other REITs. However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not be comparable to other REITs. Annual Debt Service: Includes principal payments based on amortization schedule and annual interest payments of fixed rate loans and variable rate loans with effective fixed rate as a result of derivative instruments on the full principal balance. In instances where interest is paid based on a LIBOR margin, we used the current margin based on the leverage ratio as of the current period. Amount does not include interest payment of variable rate loans that are partially effectively fixed through derivative instruments. Funds From Operations (“FFO”): Non-GAAP financial measure we believe is a useful supplemental measure of our performance. We calculate FFO in accordance with the White Paper on FFO approved by the Board of Governors of the National Association of Real Estate Investment Trusts. The White Paper defines FFO as net income or loss calculated in accordance with generally accepted accounting principles in the United States (“GAAP”), excluding extraordinary items, as defined by GAAP, gains and losses from sales of depreciable real estate and impairment write- downs associated with depreciable real estate, plus real estate-related depreciation and amortization (excluding amortization of deferred financing costs and depreciation of non-real estate assets) and after adjustment for unconsolidated partnerships and joint ventures. The calculation of FFO includes the amortization of deferred revenue related to tenant-funded tenant improvements and excludes the depreciation of the related tenant improvement assets. We believe that FFO is a useful supplemental measure of our operating performance. The exclusion from FFO of gains and losses from the sale of operating real estate assets allows investors and analysts to readily identify the operating results of the assets that form the core of our activity and assists in comparing those operating results between periods. Also, because FFO is generally recognized as the industry standard for reporting the operations of REITs, it facilitates comparisons of operating performance to other REITs. However, other REITs may use different methodologies to calculate FFO, and accordingly, our FFO may not be comparable to all other REITs. Implicit in historical cost accounting for real estate assets in accordance with GAAP is the assumption that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered presentations of operating results for real estate companies using historical cost accounting alone to be insufficient. Because FFO excludes depreciation and amortization of real estate assets, we believe that FFO along with the required GAAP presentations provides a more complete measurement of our performance relative to our competitors and a more appropriate basis on which to make decisions involving operating, financing and investing activities than the required GAAP presentations alone would provide. We use FFO per share to calculate annual cash bonuses for certain employees. However, FFO should not be viewed as an alternative measure of our operating performance because it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties, which are significant economic costs and could materially impact our results from operations. Net Operating Income (“NOI”): We evaluate performance based upon property net operating income (“NOI”) from continuing operations. NOI is not a measure of operating results or cash flows from operating activities or cash flows as measured by GAAP and should not be considered an alternative to income from continuing operations, as an indication of our performance, or as an alternative to cash flows as a measure of liquidity, or our ability to make distributions. All companies may not calculate NOI in the same manner. We consider NOI to be a useful performance measure to investors and management because when compared across periods, NOI reflects the revenues and expenses directly associated with owning and operating our properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. We calculate NOI as net income (loss) excluding corporate general and administrative expenses, depreciation and amortization, impairments, gains/losses on sales of real estate, interest expense, transaction- related expenses and other non-operating items. We define NOI as operating revenues (including rental revenues, other property-related revenue, tenant recoveries and other operating revenues), less property-level operating expenses (which includes external management fees, if any, and property-level general and administrative expenses). NOI on a cash basis is NOI adjusted to exclude the effect of straight-line rent and other non-cash adjustments required by GAAP. We believe that NOI on a cash basis is helpful to investors as an additional measure of operating performance because it eliminates straight-line rent and other non-cash adjustments to revenue and expenses. Page 43 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Definitions (continued) Shares of Common Stock/Units Outstanding at End of Period: Represents shares of common stock (including unvested restricted shares), OP units outstanding and an estimate for our dilutive Outperformance Programs ("OPPs," or individually, "OPP"), including stock grands under our 2015 OPP, 2016 OPP, 2017 OPP and 2018 OPP stock grants and one-time retention award grants. Series A Preferred Units and Debt/Total Market Capitalization: Equal to the sum of (i) Unsecured and Secured Debt and (ii) series A preferred units divided by total market capitalization. Unsecured and Secured Debt: Excludes in-substance defeased debt related to our Hudson Pacific/Macerich joint venture and unamortized deferred financing costs and loan discounts. The full amount of debt related to the Pinnacle I and Pinnacle II joint venture and Hill7 joint venture are included. The Pinnacle I and Pinnacle II debts were relieved in November 2017 in conjunction with the sale of these properties. Total Market Capitalization: Equal to the sum of (i) Unsecured and Secured Debt, (ii) series a preferred units and (iii) common equity capitalization. Common equity capitalization represents the total Shares of Common Stock/Units Outstanding at End of Period multiplied by the closing price at quarter end. Weighted Average Fully Diluted Common Stock/Units Outstanding: Includes an estimate for the dilutive 2015 OPP, 2016 OPP, 2017 OPP and 2018 OPP stock grants and one-time retention award grants. Page 44 of 45

Hudson Pacific Properties, Inc. Supplemental Information | Third Quarter 2018 Reconciliation of Net Income to Net Operating Income Unaudited, in thousands Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Net Income $ 20,270 $ 14,510 $ 92,524 $ 45,617 Adjustments: Interest expense 20,131 22,461 59,965 66,086 Interest income (418) (44) (493) (90) Unrealized gain on non-real estate investment — — (928) — Unrealized loss on ineffective portion of derivative instruments — 37 — 82 Transaction-related expenses 165 598 283 598 Other income (25) (1,402) (748) (2,656) Gains on sale of real estate (3,735) — (43,337) (16,866) Operating income 36,388 36,160 107,266 92,771 General and administrative 14,280 13,013 46,047 41,329 Depreciation and amortization 62,224 71,158 183,483 217,340 NET OPERATING INCOME $ 112,892 $ 120,331 $ 336,796 $ 351,440 NET OPERATING INCOME BREAKDOWN Same-store office cash revenues $ 106,493 $ 103,350 $ 286,217 $ 272,133 Straight-line rent 2,040 301 7,481 4,632 Amortization of above-market and below-market leases, net 2,170 3,271 6,558 10,445 Amortization of lease incentive costs (338) (280) (986) (786) Same-store office revenues 110,365 106,642 299,270 286,424 Same-store studios cash revenues 17,955 18,403 35,829 35,652 Straight-line rent 594 (556) 855 (439) Same-store studio revenues 18,549 17,847 36,684 35,213 Same-store revenues 128,914 124,489 335,954 321,637 Same-store office cash expenses 35,505 34,115 95,905 86,460 Amortization of above-market and below-market ground leases, net 575 575 1,725 1,736 Same-store office expenses 36,080 34,690 97,630 88,196 Same-store studio cash expenses 10,377 10,588 18,549 19,520 Same-store studio expenses 10,377 10,588 18,549 19,520 Same-store expenses 46,457 45,278 116,179 107,716 Same-store net operating income 82,457 79,211 219,775 213,921 Non-same-store net operating income 30,435 41,120 117,021 137,519 NET OPERATING INCOME $ 112,892 $ 120,331 $ 336,796 $ 351,440 Page 45 of 45

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