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Equity (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Comprehensive income (loss)

The table below presents the activity related to Hudson Pacific Properties Inc.’s accumulated other comprehensive income (loss) (“OCI”):

						Derivative Instruments						Currency Translation Adjustments						Total Equity
Balance at December 31, 2018						$	17,501					$	—					$	17,501
Unrealized (losses) gains recognized in OCI						(13,801)						1,304						(12,497)
Reclassification adjustment for realized gains(1)						(3,725)						—						(3,725)
Net change in OCI						(17,526)						1,304						(16,222)
BALANCE AT JUNE 30, 2019						$	(25)					$	1,304					$	1,279

_____________

1.The gains and losses on the Company’s derivatives instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $50.9 million for the six months ended June 30, 2019.

The table below presents the activity related to Hudson Pacific Properties L.P.’s OCI:

						Derivative Instruments						Currency Translation Adjustments						Total Capital
Balance at December 31, 2018						$	17,565					$	—					$	17,565
Unrealized (losses) gains recognized in OCI						(13,891)						1,315						(12,576)
Reclassification adjustment for realized gains(1)						(3,748)						—						(3,748)
Net change in OCI						(17,639)						1,315						(16,324)
BALANCE AT JUNE 30, 2019						$	(74)					$	1,315					$	1,241

_____________

1.The gains and losses on the Company’s derivatives instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $50.9 million for the six months ended June 30, 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:

			June 30, 2019						December 31, 2018
Company-owned common units in the operating partnership			154,396,755						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			0.5		%				0.4		%

_________________ 

1.Represents units held by certain of the Company’s executive officers, directors and outside investors. As of June 30, 2019, this amount represents both common units and performance units of 550,969 and 169,804, respectively. As of December 31, 2018, this amount represents common units of 569,045.

Schedule of dividends payable

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

			Three Months Ended June 30,																		Six Months Ended June 30,
			2019						2018						2019						2018
Common stock			$	0.25					$	0.25					$	0.50					$	0.50
Common units			$	0.25					$	0.25					$	0.50					$	0.50
Series A preferred units			$	0.3906					$	0.3906					$	0.7812					$	0.7812
Performance units			$	0.25					$	0.25					$	0.50					$	0.50
Payment date			June 27, 2019						June 29, 2018						N/A						N/A
Record date			June 17, 2019						June 19, 2018						N/A						N/A

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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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