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Equity (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Comprehensive income (loss)

The table below presents the effect of the Company’s derivatives on accumulated other comprehensive income (“OCI”):

						Hudson Pacific Properties, Inc. Stockholders’ Equity						Non-controlling interests						Total Equity
Balance at December 31, 2018						$	17,501					$	64					$	17,565
Unrealized loss recognized in OCI due to change in fair value						(5,926)						(28)						(5,954)
Gain reclassified from OCI into income (as interest expense)(1)						(1,901)						(9)						(1,910)
Net change in OCI						(7,827)						(37)						(7,864)
BALANCE AT MARCH 31, 2019						$	9,674					$	27					$	9,701

_____________

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 $24.4 million for the three months ended March 31, 2019.

Schedule of ownership of common units including unvested restricted units

The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units as of:

			March 31, 2019						December 31, 2018
Company-owned common units in the operating partnership			154,373,581						154,371,538
Company’s ownership interest percentage			99.5		%				99.6		%
Non-controlling units in the operating partnership(1)			720,773						569,045
Non-controlling ownership interest percentage(1)			0.5		%				0.4		%

_________________ 

1.Represents units held by certain of the Company’s executive officers, directors and outside investors. As of March 31, 2019, this amount represents both common units and performance units of 550,969 and 169,804, respectively.

Schedule of dividends payable

The following table summarizes dividends declared and paid for the periods presented:

			Three Months Ended March 31,
			2019						2018
Common stock(1)			$	0.25					$	0.25
Common units(1)			$	0.25					$	0.25
Series A preferred units(1)			$	0.3906					$	0.3906
Performance units			$	0.25					$	0.25

_________________ 

1.The first quarter of 2019 dividends were paid on March 28, 2019 to shareholders and unitholders of record on March 18, 2019.

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Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

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Tabular disclosure of other units or shares or classes of ownership in a partnership.

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