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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Total revenues $ 208,218 $ 180,698 $ 602,263 $ 529,985
OPERATING EXPENSES        
Operating expenses 78,409 67,806 220,768 193,189
General and administrative 17,661 14,280 54,099 46,047
Depreciation and amortization 69,781 62,224 207,892 183,483
Total operating expenses 165,851 144,310 482,759 422,719
OTHER INCOME (EXPENSE)        
Loss from unconsolidated joint venture (260) 0 (345) 0
Interest expense (26,590) (20,131) (77,492) (59,965)
Interest income 1,002 418 3,034 493
Transaction-related expenses (331) (165) (459) (283)
Unrealized gain on non-real estate investment 0 0 0 928
Gain on sale of real estate 47,100 3,735 47,100 43,337
Impairment loss 0 0 (52,201) 0
Other (loss) income (333) 25 (258) 748
Total other income (expense) 20,588 (16,118) (80,621) (14,742)
Net income 62,955 20,270 38,883 92,524
Net income attributable to preferred units (153) (153) (459) (465)
Net income attributable to participating securities (274) (118) (138) (555)
Net income attributable to non-controlling interest in consolidated real estate entities (3,660) (2,520) (9,798) (9,010)
Net loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities 347 (49) 1,505 (49)
Net income attributable to non-controlling interest in the operating partnership (460) (63) (225) (299)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 58,755 $ 17,367 $ 29,768 $ 82,146
BASIC AND DILUTED PER SHARE AMOUNTS        
Net income attributable to common stockholders - basic (in dollars per share) $ 0.38 $ 0.11 $ 0.19 $ 0.53
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.38 $ 0.11 $ 0.19 $ 0.52
Weighted average shares of common stock outstanding—basic (in shares) 154,414,452 155,649,110 154,398,466 155,637,351
Weighted average shares of common stock outstanding - diluted (in shares) 156,498,919 156,669,247 156,400,075 156,628,488
Hudson Pacific Partners L.P.        
REVENUES        
Total revenues $ 208,218 $ 180,698 $ 602,263 $ 529,985
OPERATING EXPENSES        
General and administrative 17,661 14,280 54,099 46,047
Depreciation and amortization 69,781 62,224 207,892 183,483
Total operating expenses 165,851 144,310 482,759 422,719
OTHER INCOME (EXPENSE)        
Loss from unconsolidated joint venture (260) 0 (345) 0
Interest expense (26,590) (20,131) (77,492) (59,965)
Interest income 1,002 418 3,034 493
Transaction-related expenses (331) (165) (459) (283)
Unrealized gain on non-real estate investment 0 0 0 928
Gain on sale of real estate 47,100 3,735 47,100 43,337
Impairment loss 0 0 (52,201) 0
Other (loss) income (333) 25 (258) 748
Total other income (expense) 20,588 (16,118) (80,621) (14,742)
Net income 62,955 20,270 38,883 92,524
Net income attributable to preferred units (153) (153) (459) (465)
Net income attributable to participating securities (460) (118) (232) (555)
Net income attributable to non-controlling interest in consolidated real estate entities (3,660) (2,520) (9,798) (9,010)
Net loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities 347 (49) 1,505 (49)
Net income attributable to Hudson Pacific Properties, L.P. 59,642 17,701 30,590 83,465
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 59,029 $ 17,430 $ 29,899 $ 82,445
BASIC AND DILUTED PER SHARE AMOUNTS        
Net income attributable to common unitholders —basic (in dollars per share) $ 0.38 $ 0.11 $ 0.19 $ 0.53
Net income attributable to common unitholders —diluted (in dollars per share) $ 0.38 $ 0.11 $ 0.19 $ 0.52
Weighted average shares of common units outstanding—basic (in shares) 155,135,225 156,218,155 155,077,381 156,206,396
Weighted average shares of common units outstanding—diluted (in shares) 156,010,568 157,238,292 155,911,724 157,197,533
Consolidated Office and Studio        
REVENUES        
Rental $ 179,197 $ 129,963 $ 521,650 $ 389,777
Tenant recoveries (Note 2) 0 24,615 0 67,479
Total revenues 186,015 161,446 540,920 476,528
OPERATING EXPENSES        
Operating expenses 66,969 57,295 188,680 164,475
Consolidated Office and Studio | Hudson Pacific Partners L.P.        
REVENUES        
Rental 179,197 129,963 521,650 389,777
Tenant recoveries (Note 2) 0 24,615 0 67,479
Total revenues 186,015 161,446 540,920 476,528
OPERATING EXPENSES        
Operating expenses 66,969 57,295 188,680 164,475
Consolidated Office and Studio | Service revenues and other (Note 2)        
REVENUES        
Revenues 6,818 6,868 19,270 19,272
Consolidated Office and Studio | Service revenues and other (Note 2) | Hudson Pacific Partners L.P.        
REVENUES        
Revenues 6,818 6,868 19,270 19,272
Unconsolidated Office        
REVENUES        
Rental 11,086 11,731 38,001 32,822
Tenant recoveries (Note 2) 0 299 0 1,153
Total revenues 22,203 19,252 61,343 53,457
OPERATING EXPENSES        
Operating expenses 11,440 10,511 32,088 28,714
Unconsolidated Office | Hudson Pacific Partners L.P.        
REVENUES        
Rental 11,086 11,731 38,001 32,822
Tenant recoveries (Note 2) 0 299 0 1,153
Total revenues 22,203 19,252 61,343 53,457
OPERATING EXPENSES        
Operating expenses 11,440 10,511 32,088 28,714
Unconsolidated Office | Service revenues and other (Note 2)        
REVENUES        
Revenues 11,117 7,222 23,342 19,482
Unconsolidated Office | Service revenues and other (Note 2) | Hudson Pacific Partners L.P.        
REVENUES        
Revenues $ 11,117 $ 7,222 $ 23,342 $ 19,482