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Equity (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The table below presents the effect of the Company’s derivatives on accumulated other comprehensive income (“OCI”):
Hudson Pacific Properties, Inc. Stockholder’s EquityNon-controlling interestsTotal Equity
Balance at January 1, 2016$(1,081)$1,017 $(64)
Unrealized loss (gain) recognized in OCI4,122 (6,989)(2,867)
Loss reclassified from OCI into income(1)
6,455 2,354 8,809 
Net change in OCI 10,577 (4,635)5,942 
Balance at December 31, 20169,496 (3,618)5,878 
Unrealized loss recognized in OCI3,011 18 3,029 
Loss reclassified from OCI into income(1)
4,342 27 4,369 
Net change in OCI 7,353 45 7,398 
Reclassification related to redemption of common units in the operating partnership(3,622)3,622 — 
Balance at December 31, 201713,227 49 13,276 
Unrealized gain recognized in OCI7,331 27 7,358 
Gain reclassified from OCI into income(1)
(3,287)(13)(3,300)
Net change in OCI 4,044 14 4,058 
Cumulative adjustment related to adoption of ASU 2017-12
230 231 
BALANCE AT DECEMBER 31, 2018$17,501 $64 $17,565 
_____________
1.The gains and losses on the Company’s derivatives are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $83.2 million, $90.0 million and $76.0 million for the years ended December 31, 2018, December 31, 2017 and December 31, 2016, respectively.
Schedule of Other Ownership Interests
The following table summarizes the ownership of common units, excluding unvested restricted units as of:
December 31, 2018December 31, 2017December 31, 2016
Company-owned common units in the operating partnership154,371,538 155,602,508 136,492,235 
Company’s ownership interest percentage99.6 %99.6 %93.5 %
Non-controlling common units in the operating partnership(1)
569,045 569,045 9,450,620 
Non-controlling ownership interest percentage(1)
0.4 %0.4 %6.5 %
_____________
1.Represents common units held by certain of the Company’s executive officers and directors, certain of their affiliates and other outside investors.
Schedule of Stock Redemptions
The following table summarizes the common unit redemptions in 2016 and 2017:
Redemption Date Common Units 
May 16, 201610,117,223 
July 21, 201619,195,373 
November 28, 201617,533,099 
January 10, 20178,881,575 
Class of Stock [Line Items]  
Schedule of Common Stock Offering The following table summarizes the common stock offerings in 2016 and 2017:
Offering Date Common Shares 
May 16, 2016(1)
10,117,223 
July 21, 2016(1)
19,195,373 
November 28, 2016(1)
17,533,099 
January 10, 2017(1)
8,881,575 
March 3, 2017(2)
9,775,000 
_________________ 
1.Proceeds from the offering were used to repurchase common units in the operating partnership.
2.Represents a common stock offering of 9,775,000 shares of common stock. Proceeds from the offering were used to fully repay a $255.0 million balance outstanding under its unsecured revolving credit facility.
Schedule of Dividends The following table summarizes dividends declared and paid for the periods presented:
For the Year Ended December 31,
201820172016
Common stock(1)
$1.00 $1.00 $0.80 
Common units (1)
$1.00 $1.00 $0.80 
Series A preferred units (1)
$1.5625 $1.5625 $1.5625 
_________________ 
1.The fourth quarter 2018 dividends were paid on December 27, 2018 to shareholders and unitholders of record on December 17, 2018.
Schedule of Dividends Taxability
The Company’s dividends related to its common stock will be classified for U.S. federal income tax purposes as follows (unaudited):
Ordinary Dividends 
Record Date Payment Date Distributions Per ShareTotal 
Non-qualified(1)
Qualified 
Capital Gain Distributions(2)
Return of Capital 
3/19/20183/29/2018$0.25000 $0.15113 $0.15113 $— $0.07595 $0.02292 
6/19/20186/29/20180.25000 0.15113 0.15113 — 0.07595 0.02292 
9/18/20189/28/20170.25000 0.15113 0.15113 — 0.07595 0.02292 
12/17/201812/27/20180.25000 0.15113 0.15113 — 0.07595 0.02292 
TOTALS$1.00000 $0.60452 $0.60452 $— $0.30380 $0.09168 
100.00 %60.45 %30.38 %9.17 %
_____________
1.On December 22, 2017, the Tax Cuts and Jobs Act enacted Section 199A that generally allows a deduction for non-corporate taxpayers equal to 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Ordinary dividends eligible for the Section 199A benefit are a subset of, and included in, the taxable ordinary dividend amount. All of the non-qualified dividends listed above are eligible for the Section 199A benefit.
2.$0.02240 of the $0.07595 capital gain distributions should be characterized as unrecaptured Section 1250 gain.
ATM Program  
Class of Stock [Line Items]  
Schedule of Common Stock Offering
The following table summarizes the ATM activity:
2018 2017 2016 
Shares of common stock sold during the period— — 165,000 
Common stock price rangesN/A N/A $33.54 to $33.95