EX-99.2 3 q4-2018ex992.htm EXHIBIT 99.2

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 18 Unsecured and Secured Debt Maturities, Composition and Covenant 20 Compliance Operational and Portfolio Information 22 In-Service Office Properties 23 In-Service Office Properties by Location 26 Corporate Headquarters: Studio and Land Properties 28 th Redevelopment, Development and Held For Sale Properties 29 11601 Wilshire Boulevard, 9 Floor, Los Angeles, CA 90025 (310) 445-5700 Under Construction and Future Value Creation Projects 30 Value Creation Project Images—Recently Completed, Under Construction and 32 Planned Website: Office Tenant Industry Diversification 33 HudsonPacificProperties.com Fifteen Largest Office Tenants 34 Office Property Leasing Activity 36 NYSE Trading Symbol: Commenced Office Leases with Non-Recurring Upfront Abatements 37 Uncommenced Office Leases—Next Eight Quarters 38 HPP Backfilled Office Leases—Next Eight Quarters 39 Investor Relations: Expiring Office Leases—Next Eight Quarters 40 Expiring Office Leases—Annual 42 Laura Campbell Senor Vice President, Investor Relations and Marketing Definitions and Reconciliations 43 (310) 622-1702 Definitions 44 Reconciliation of Net Income to Net Operating Income 46 Page 3 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Executive Summary Hudson Pacific Properties acquires, redevelops and develops creative office • Net operating income and cash net operating income for the 31 same-store and studio properties in the West Coast tech and media epicenters of Los office properties increased 0.3% and 7.2%, respectively Angeles, Silicon Valley, San Francisco and Seattle. We are the leading Studio Highlights institutional owner of office space in Silicon Valley, the largest independent owner/operator of studios in Los Angeles, and currently own over 17 million • Trailing 12-month occupancy for the three same-store studio properties, square feet, including land for development, in our core markets. Our top-tier inclusive of Sunset Las Palmas Studios, was 91.6% assets combined with our leasing and management expertise have enabled • Net operating income and cash net operating income for the same-store us to cultivate a tenant base of premier blue-chip and growth companies, like studio properties increased by 18.3% and 16.4%, respectively Google and Netflix. Our strategic focus is value creation through less capital- Acquisitions and time-intensive repositionings and redevelopments, although our deep in- house expertise allows us to execute on a full range of opportunities—from • Purchased Ferry Building in San Francisco through joint venture owned incremental lease-up to cutting-edge new construction. 55/45% by Hudson Pacific/Allianz Real Estate for $291.0 million (before credits, prorations and closing costs) Financials (Compared to Fourth Quarter 2017) • Purchased an 11,200-square-foot office building at 6660 Santa Monica • Net income attributable to common stockholders of $15.9 million ($0.10 Boulevard in Hollywood adjacent to, and now part of, Sunset Las Palmas per diluted share) compared to $32.5 million ($0.21 per diluted share) Studios for $10.0 million (before credits, prorations and closings costs) • FFO, excluding specified items, of $76.0 million ($0.49 per diluted share) Dividends compared to $81.7 million ($0.52 per diluted share) • Declared and paid a quarterly dividend of $0.25 per share on common stock • Total revenue increased 4.8% to $198.4 million Post-Quarter Highlights Office Highlights • Signed a 14-year lease with Google commencing in 2022 for all 584,000 • Executed 75 new and renewal leases totaling 807,418 square feet, with square feet of One Westside creative office redevelopment formerly part of GAAP and cash rent growth of 36.1% and 20.1%, respectively, including: the Westside Pavilion shopping mall in West Los Angeles ◦ 114,958-square-foot lease renewal with Technicolor for all of • Signed a 12-year lease with WeWork commencing in July 2019 for 55,864 6040 Sunset through May 2032 square feet of Maxwell creative office redevelopment in the Los Angeles Arts District ◦ 80,489-square-foot new lease with Nutanix at Metro Plaza through May 2024 Guidance ◦ 66,510-square-foot lease renewal and 17,039-square-foot lease • Provided full-year 2019 FFO guidance to $1.95 to $2.03 per diluted share, expansion with Pivotal Software at 875 Howard through June excluding specified items 2026 ◦ 57,610-square-foot new lease with Nestlé at 450 Alaskan through Conference Call Information: June 2029 Thursday, February 14, 2019 at 11:00 AM PST / 2:00 PM EST • Stabilized and in-service office portfolio was 95.4% and 93.0% leased, (877) 407-0784 (U.S.) | (201) 689-8560 (International) respectively Page 4 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Corporate Data Unaudited, in thousands, except share data December 31, September 30, June 30, March 31, December 31, 2018 2018 2018 2018 2017 Number of office properties owned 52 51 50 51 51 Office square feet(1) 13,853,401 13,498,837 13,336,940 13,398,362 13,291,531 Stabilized office leased rate as of end of period(2) 95.4% 94.6% 93.6% 94.4% 96.7% In-service office leased rate as of end of period(3) 93.0% 91.4% 89.7% 89.7% 92.1% Number of studio properties owned 3 3 3 3 3 Same-store studio square feet(1)(4) 1,171,707 1,204,927 873,002 873,002 873,002 Same-store studio leased rate as of end of period(5) 91.6% 88.9% 89.6% 90.2% 90.7% Non-same-store studio square feet(1) 52,696 41,496 373,421 331,925 376,925 Non-same-store studio leased rate as of end of period(6) 100.0% 100.0% 80.6% 77.6% 76.1% Number of land properties owned 6 6 6 6 8 Land properties estimated square feet(7) 2,639,562 2,639,562 2,639,562 2,639,562 3,045,687 Total portfolio square feet 17,717,366 17,384,822 17,222,925 17,242,851 17,587,145 Series A preferred units and debt(8) $ 2,650,196 $ 2,360,334 $ 2,390,467 $ 2,270,959 $ 2,449,488 Total market capitalization(9) $ 7,202,623 $ 7,539,643 $ 7,996,427 $ 7,421,657 $ 7,849,782 Series A preferred units and debt/total market capitalization(9) 36.8% 31.3% 29.9% 30.6% 31.2% Share data: FFO, excluding specific items, per common stock/unit—diluted(9)(10)(11) $ 0.49 $ 0.47 $ 0.46 $ 0.45 $ 0.52 Range of closing prices(10) $ 27.42 - 32.72 $ 31.31 - 35.68 $ 31.13 - 36.00 $ 28.63 - 34.17 $ 33.10 - 35.68 Closing price at quarter end $ 29.06 $ 32.72 $ 35.43 $ 32.53 $ 34.25 Weighted average fully diluted common stock/units outstanding(9) 155,716 157,238 157,159 157,284 156,290 Shares of common stock/units outstanding at end of period(9) 156,656 158,292 158,226 158,337 157,673 (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 24, 28 and 29. (3) In-service office leased rate includes the stabilized office and lease-up properties described on pages 23 and 24. (4) Same-store studio defined as all properties owned and included in our studio portfolio as of October 1, 2017 and still owned and included in our studio portfolio as of December 31, 2018. Same-store studio square feet excludes 33,220 square feet related to Building 70 taken off-line during fourth quarter 2018. (5) Percent leased for same-store studio is the average percent leased for the 12 months ended as of the quarter indicated. (6) Percent leased as of December 31, 2018 for non-same-store studio is the average percent leased for the properties located at 6605 Eleanor Avenue and 1034 Seward Street, which were acquired on June 6, 2018 and 6660 Santa Monica, which was acquired on October 23, 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) Series A preferred units and debt does not include in-substance defeased debt, debt due to joint venture partner and unamortized deferred financing costs and loan discount. (9) See definitions on pages 44 and 45. (10) For the quarter indicated. (11) In December 2018, the National Association of Real Estate Investment Trusts (“NAREIT”) issued a FFO White Paper which provided for an option to include equity security mark-to-market value changes in the calculation of FFO. During fourth quarter 2018, we elected this option retroactively. We have included $928 thousand of unrealized gain on non-real estate investments recognized during second quarter 2018 in our calculation of FFO. No change was made to FFO, excluding specified items, as these amounts were previously identified as a specified item. Page 5 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 Andrea Rupp Dale Shimoda Senior Vice President, Human Resources Executive Vice President, Finance Andy Wattula Arthur X. Suazo Senior Vice President, Pacific Northwest Executive Vice President, Leasing Page 6 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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, Clarity 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 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Equity Research Coverage Bank of America Merrill Lynch Mizuho James Feldman Haendel St. Juste (646) 855-5808 (212) 209-9300 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 46

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

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Consolidated Balance Sheets In thousands, except share data December 31, 2018 December 31, 2017 ASSETS Investment in real estate, net $ 6,363,906 $ 5,697,991 Cash and cash equivalents 53,740 78,922 Restricted cash 14,451 22,358 Accounts receivable, net 14,004 4,234 Straight-line rent receivables, net 142,369 106,466 Deferred leasing costs and lease intangible assets, net 279,896 239,029 U.S. Government securities 146,880 — Prepaid expenses and other assets, net 55,633 61,139 Assets associated with real estate held for sale — 411,931 TOTAL ASSETS $ 7,070,879 $ 6,622,070 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 2,623,835 $ 2,421,380 In-substance defeased debt 138,223 — Joint venture partner debt 66,136 — Accounts payable, accrued liabilities and other 175,300 162,346 Lease intangible liabilities, net 45,612 49,540 Security deposits and prepaid rent 68,687 62,760 Liabilities associated with real estate held for sale — 4,903 Total liabilities 3,117,793 2,700,929 Redeemable preferred units of the operating partnership 9,815 10,177 Redeemable non-controlling interest in consolidated real estate entities 113,141 — Equity Hudson Pacific Properties, Inc. stockholders’ equity: Common stock, $0.01 par value, 490,000,000 authorized, 154,371,538 shares and 155,602,508 shares outstanding at December 31, 1,543 1,556 2018 and 2017, respectively Additional paid-in capital 3,524,502 3,622,988 Accumulated other comprehensive income 17,501 13,227 Total Hudson Pacific Properties, Inc. stockholders’ equity 3,543,546 3,637,771 Non-controlling interest—members in consolidated real estate entities 268,246 258,602 Non-controlling interest—units in the operating partnership 18,338 14,591 Total equity 3,830,130 3,910,964 TOTAL LIABILITIES AND EQUITY $ 7,070,879 $ 6,622,070 Page 10 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Consolidated Statements of Operations Unaudited, in thousands, except share data Three Months Ended December 31, Twelve Months Ended December 31, 2018 2017 2018 2017 REVENUES Office Rental $ 143,407 $ 139,178 $ 533,184 $ 545,453 Tenant recoveries 25,281 24,823 92,760 92,244 Parking and other 7,301 7,267 26,573 29,413 Total office revenues 175,989 171,268 652,517 667,110 Studio Rental 11,912 9,727 44,734 36,529 Tenant recoveries 860 409 2,013 1,336 Other property-related revenue 9,467 7,841 28,191 22,805 Other 205 88 963 359 Total studio revenues 22,444 18,065 75,901 61,029 Total revenues 198,433 189,333 728,418 728,139 OPERATING EXPENSES Office operating expenses 62,345 56,349 226,820 218,873 Studio operating expenses 12,176 9,792 40,890 34,634 General and administrative 14,980 13,130 61,027 54,459 Depreciation and amortization 67,520 66,230 251,003 283,570 Total operating expenses 157,021 145,501 579,740 591,536 OTHER EXPENSE (INCOME) Interest expense 23,202 23,951 83,167 90,037 Interest income (1,225) (7) (1,718) (97) Unrealized gain on non-real estate investment — — (928) — Unrealized (gain) loss on ineffective portion of derivative instrument — (12) — 70 Transaction-related expenses 252 — 535 598 Other income (74) (336) (822) (2,992) Gains on sale of real estate — (28,708) (43,337) (45,574) Total other expense (income) 22,155 (5,112) 36,897 42,042 Net income 19,257 48,944 111,781 94,561 Net income attributable to preferred units (153) (159) (618) (636) Net income attributable to participating securities (108) (253) (663) (1,003) Net income attributable to non-controlling interest in consolidated real estate entities (2,873) (15,958) (11,883) (24,960) Net income attributable to redeemable non-controlling interest in consolidated real estate entities (120) — (169) — Net income attributable to non-controlling interest in the operating partnership (59) (119) (358) (375) NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 15,944 $ 32,455 $ 98,090 $ 67,587 BASIC AND DILUTED PER SHARE AMOUNTS Net income attributable to common stockholders—basic $ 0.10 $ 0.21 $ 0.63 $ 0.44 Net income attributable to common stockholders—diluted $ 0.10 $ 0.21 $ 0.63 $ 0.44 Weighted average shares of common stock outstanding—basic 154,866,289 155,310,063 155,445,247 153,488,730 Weighted average shares of common stock outstanding—diluted 155,146,528 155,724,147 155,696,486 153,882,814 Page 11 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Funds from Operations(1) Unaudited, in thousands, except per share data Three Months Ended Quarter To Date December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 NET INCOME $ 19,257 $ 20,270 $ 19,691 $ 52,563 $ 48,944 Adjustments: Depreciation and amortization of real estate assets 66,990 61,727 60,217 60,069 65,985 Gains on sale of real estate — (3,735) (1,928) (37,674) (28,708) Unrealized gain on non-real estate investment(2) — — (928) — — FFO attributable to non-controlling interests (7,312) (5,019) (5,316) (5,331) (5,507) Net income attributable to preferred units (153) (153) (153) (159) (159) FFO to common stockholders and unitholders 78,782 73,090 71,583 69,468 80,555 Specified items impacting FFO: Transaction-related expenses 252 165 — 118 — Lease termination non-cash write-off (3,039) — — — — One-time debt extinguishment costs — — — 421 1,114 FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ 75,995 $ 73,255 $ 71,583 $ 70,007 $ 81,669 STOCKHOLERS AND UNITHOLDERS Weighted average common stock/units outstanding—diluted 155,716 157,238 157,159 157,284 156,293 FFO per common stock/unit—diluted $ 0.51 $ 0.46 $ 0.46 $ 0.44 $ 0.52 FFO (excluding specified items) per common stock/unit—diluted $ 0.49 $ 0.47 $ 0.46 $ 0.45 $ 0.52 Twelve Months Nine Months Six Months Three Months Twelve Months Ended Ended Ended Ended Ended Year To Date December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 NET INCOME $ 111,781 $ 92,524 $ 72,254 $ 52,563 $ 94,561 Adjustments: Depreciation and amortization of real estate assets 249,003 182,013 120,286 60,069 281,773 Gains on sale of real estate (43,337) (43,337) (39,602) (37,674) (45,574) Unrealized gain on non-real estate investment(2) (928) (928) (928) — — FFO attributable to non-controlling interests (22,978) (15,666) (10,647) (5,331) (24,068) Net income attributable to preferred units (618) (465) (312) (159) (636) FFO to common stockholders and unitholders 292,923 214,141 141,051 69,468 306,056 Specified items impacting FFO: Transaction-related expenses 535 283 118 118 598 Lease termination non-cash write-off (3,039) — — — — One-time debt extinguishment costs 421 421 421 421 1,114 FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ 290,840 $ 214,845 $ 141,590 $ 70,007 $ 307,768 STOCKHOLDERS AND UNITHOLDERS Weighted average common stock/units outstanding—diluted 156,266 157,198 157,133 157,284 154,671 FFO per common stock/unit—diluted $ 1.87 $ 1.37 $ 0.90 $ 0.44 $ 1.98 FFO (excluding specified items) per common stock/unit—diluted $ 1.86 $ 1.37 $ 0.90 $ 0.45 $ 1.99 (1) See definition on page 44. (2) We adopted ASU 2016-01 on January 1, 2018 and elected the measurement alternative. which requires us to mark-to-market changes in value related to equity securities whenever fair value is readily available or observable. During second quarter 2018, we recognized a $928 thousand unrealized gain on a non-real estate investment. In December 2018, NAREIT issued a FFO White Paper which provided for an option to include these mark-to-market adjustments in our calculation of FFO. During fourth quarter 2018, we elected this option retroactively. Page 12 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Adjusted Funds from Operations(1) Unaudited, in thousands Three Months Ended Quarter To Date December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 FFO(2) $ 78,782 $ 73,090 $ 71,583 $ 69,468 $ 80,555 Adjustments: Straight-line rent, net (9,579) (7,455) (7,751) (9,772) (13,632) Amortization of above-market and below-market leases, net (6,168) (3,189) (3,216) (3,796) (3,613) Amortization of above-market and below-market ground leases, 605 591 592 624 417 net Amortization of lease incentive costs 404 323 359 278 381 Amortization of deferred financing costs and loan discount, net 1,423 1,418 1,420 1,643 2,448 Unrealized gain on ineffective portion of derivative instrument — — — — (12) Recurring capital expenditures, tenant improvements and lease (32,707) (17,378) (37,354) (25,587) (31,141) commissions Non-cash compensation expense 4,109 4,292 4,289 4,338 3,842 AFFO $ 36,869 $ 51,692 $ 29,922 $ 37,196 $ 39,245 Dividends paid to common stock and unitholders $ 38,950 $ 39,351 $ 39,351 $ 39,351 $ 39,245 AFFO payout ratio 105.6% 76.1% 131.5% 105.8% 100.0% Twelve Months Nine Months Six Months Three Months Twelve Months Ended Ended Ended Ended Ended Year To Date December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 FFO(2) $ 292,923 $ 214,141 $ 141,051 $ 69,468 $ 306,056 Adjustments: Straight-line rent, net (34,557) (24,978) (17,523) (9,772) (26,739) Amortization of above-market and below-market leases, net (16,369) (10,201) (7,012) (3,796) (17,411) Amortization of above-market and below-market ground leases, 2,412 1,807 1,216 624 2,505 net Amortization of lease incentive costs 1,364 960 637 278 1,344 Amortization of deferred financing costs and loan discount, net 5,904 4,481 3,063 1,643 5,914 Unrealized loss on ineffective portion of derivative instrument — — — — 70 Recurring capital expenditures, tenant improvements and lease (113,026) (80,319) (62,941) (25,587) (114,814) commissions Non-cash compensation expense 17,028 12,919 8,627 4,338 15,079 AFFO $ 155,679 $ 118,810 $ 67,118 $ 37,196 $ 172,004 Dividends paid to common stock and unitholders $ 157,003 $ 118,059 $ 78,705 $ 39,351 $ 118,408 AFFO payout ratio 100.9% 99.4% 117.3% 105.8% 68.8% (1) See definition on page 44. (2) In December 2018, NAREIT issued a FFO White Paper which provided for an option to include mark-to-market value changes in equity securities in the calculation of FFO. During fourth quarter 2018, we elected this option retroactively. We have included $928 thousand of unrealized gain on non-real estate investments recognized during second quarter 2018 in our calculation of FFO. No change has been made to AFFO as these amounts were identified as an adjustment to AFFO in the prior periods. Page 13 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Same-Store Property Performance Unaudited, in thousands, except number of properties and square feet SAME-STORE STATISTICS Three Months Ended December 31, 2018 Twelve Months Ended December 31, 2018 2017 % change 2018 2017 % change SAME-STORE OFFICE STATISTICS(1)(2) Number of properties 31 31 29 29 Rentable square feet 7,833,319 7,833,319 7,308,626 7,308,626 Ending % leased 94.7% 96.5% (1.8)% 94.6% 96.5% (1.9)% Ending % occupied 93.7% 94.9% (1.2)% 93.6% 94.7% (1.1)% Average % occupied for the period 93.3% 95.0% (1.7)% 92.7% 94.1% (1.4)% SAME-STORE STUDIO STATISTICS(3) Number of properties 3 3 2 2 Rentable square feet 1,171,707 1,171,707 (4) 839,782 839,782 Average % occupied for the period(5) 91.6% N/A N/A 93.1% 91.6% 1.5 % SAME-STORE ANALYSIS—NET OPERATING INCOME Three Months Ended December 31, 2018 Twelve Months Ended December 31, 2018 2017 % change 2018 2017 % change SAME-STORE NET OPERATING INCOME(6) Total office revenues $ 112,264 $ 109,875 2.2% $ 401,670 $ 387,729 3.6% Total studio revenues 21,837 18,065 20.9 51,076 48,381 5.6 Same-store revenues 134,101 127,940 4.8 452,746 436,110 3.8 Total office expenses 36,655 34,518 6.2 131,640 120,754 9.0 Total studio expenses 12,048 9,792 23.0 26,665 26,269 1.5 Same-store expenses 48,703 44,310 9.9 158,305 147,023 7.7 Same-store office net operating income 75,609 75,357 0.3 270,030 266,975 1.1 NOI margin 67.3% 68.6% (1.3) 67.2% 68.9% (1.7) Same-store studio net operating income 9,789 (7) 8,273 (7) 18.3 24,411 (7) 22,112 (7) 10.4 NOI margin 44.8% 45.8% (1.0) 47.8% 45.7% 2.1 TOTAL SAME-STORE NET OPERATING INCOME $ 85,398 $ 83,630 2.1% $ 294,441 $ 289,087 1.9% NOI margin 63.7% 65.4% (1.7) 65.0% 66.3% (1.3) Page 14 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 December 31, 2018 Twelve Months Ended December 31, 2018 2017 % change 2018 2017 % change SAME STORE NET OPERATING INCOME (CASH BASIS) Total office cash revenues $ 106,885 $ 100,011 6.9% $ 383,505 $ 363,920 (8) 5.4% Total studio cash revenues 21,441 17,865 20.0 49,857 48,628 (9) 2.5 Same-store cash revenues 128,326 117,876 8.9 433,362 412,548 5.1 Total office cash expenses 36,080 33,943 6.3 129,341 118,443 9.2 Total studio cash expenses 12,048 9,792 23.0 26,665 26,269 1.5 Same-store cash expenses 48,128 43,735 10.0 156,006 144,712 7.8 Same-store office net operating income (cash basis) 70,805 66,068 7.2 254,164 245,477 3.5 NOI margin 66.2% 66.1% 0.1 66.3% 67.5% (1.2) Same-store studio net operating income (cash basis) 9,393 (7) 8,073 (7) 16.4 23,192 (7) 22,359 (7) 3.7 NOI margin 43.8% 45.2% (1.4) 46.5% 46.0% 0.5 SAME-STORE NET OPERATING INCOME (CASH BASIS) $ 80,198 $ 74,141 8.2% $ 277,356 $ 267,836 3.6% NOI margin 62.5% 62.9% (0.4) 64.0% 64.9% (0.9) (1) Same-store office for the three months ended December 31, 2018 defined as all properties owned and included in our stabilized office portfolio as of October 1, 2017 and still owned and included in the stabilized office portfolio as of December 31, 2018. Same-store office for the twelve months ended December 31, 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 December 31, 2018. (2) See page 23 for same-store office properties. (3) Same-store studio for the three months ended December 31, 2018 defined as all properties owned and included in our studio portfolio as of October 1, 2017 and still owned and included in our studio portfolio as of December 31, 2018. Same-store studio for the twelve months ended December 31, 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 December 31, 2018. Same-store studio square feet excludes 33,220 square feet related to Building 70 taken off- line during fourth quarter 2018. Also excluded from same-store studio are 6605 Eleanor Avenue, 1034 Seward Street and 6660 Santa Monica. (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 December 31, 2018. Trailing twelve-month occupancy is not applicable for Sunset Las Palmas Studios during the three months ended December 31, 2017 as the property was acquired in second quarter 2017. (6) See page 46 for the reconciliation of net income to net operating income. (7) Building 70 at Sunset Gower Studios was taken off-line during fourth quarter 2018. Net operating income related to Building 70 is included for the full year 2017 and the first three quarters of 2018. (8) Includes material one-time tenant improvement cost reimbursement of $3,232,459 at 875 Howard. (9) Includes material one-time tenant improvement cost reimbursement of $693,891 at Sunset Bronson Studios. Page 15 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Net Operating Income Detail Three Months Ended December 31, 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 $ 84,001 $ 11,018 $ 27,075 $ 498 $ 1,136 $ 14,042 $ — $ 137,770 Straight-line rent 3,524 396 4,965 — — 1,771 — 10,656 Amortization of above-market and below-market leases, net 2,206 — 777 — (58) 4,397 — 7,322 Amortization of lease incentive costs (351) — — — — (78) — (429) Total rents 89,380 11,414 32,817 498 1,078 20,132 — 155,319 Tenant recoveries 17,835 751 5,081 109 442 1,928 (5) 26,141 Parking and other 5,049 9,672 1,787 — 168 129 168 16,973 Total revenue 112,264 21,837 39,685 607 1,688 22,189 163 198,433 OPERATING EXPENSES Property operating cash expenses 36,080 12,048 13,729 128 1,733 9,245 600 73,563 Straight-line rent — — 343 — — — — 343 Amortization of above-market and below-market 575 — 38 — — 2 — 615 ground leases, net Total operating expenses 36,655 12,048 14,110 128 1,733 9,247 600 74,521 TOTAL NET OPERATING INCOME(5) $ 75,609 $ 9,789 $ 25,575 $ 479 $ (45) $ 12,942 $ (437) $ 123,912 TOTAL NET OPERATING INCOME ATTRIBUTABLE TO NON-CONTROLLING (6) (7) (8) (9) INTERESTS $ 3,848 $ — $ 2,881 $ — $ 101 $ 1,159 $ — $ 7,989 Square feet 7,833,319 1,171,707 2,590,210 52,696 1,562,897 1,866,975 — 15,077,804 Ending % leased 94.7% 91.6% 75.9% 100.0% 19.3 % 67.0% —% 80.0% Ending % occupied 93.7% 91.6% 96.3% 100.0% — % 71.0% —% 81.5% NOI margin 67.3% 44.8% 64.4% 78.9% (2.7)% 58.3% —% 62.4% RECONCILIATION TO CASH NET OPERATING INCOME Net operating income $ 75,609 $ 9,789 $ 25,575 $ 479 $ (45) $ 12,942 $ (437) $ 123,912 Straight-line rent, net (3,524) (396) (4,622) — — (1,771) — (10,313) Amortization of above-market and below-market leases, net (2,206) — (777) — 58 (4,397) — (7,322) Amortization of lease incentive costs 351 — — — — 78 — 429 Amortization of above-market and below-market 575 — 38 — — 2 — 615 ground leases, net TOTAL CASH NET OPERTAING INCOME $ 70,805 $ 9,393 $ 20,214 $ 479 $ 13 $ 6,854 $ (437) $ 107,321 TOTAL CASH NET OPERATING INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS $ 3,835 (6) $ — $ 1,800 (7) $ — $ 116 (8) $ 152 (9) $ — $ 5,903 Page 16 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 (1) See page 23 for same-store office for the three months ended December 31, 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 24 for non-same-store office and lease-up properties. (4) See page 29 for redevelopment, development and held for sale properties. (5) See page 46 for the reconciliation of net income to net operating income. (6) We own 55% of the ownership interest in the consolidated joint venture that owns 1455 Market. (7) We own 55% of the ownership interest in the consolidated joint ventures that own Hill7 and Ferry Building. (8) We own 75% of the ownership interest in the consolidated joint venture that owns One Westside (formerly part of Westside Pavilion). (9) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico (formerly part of Westside Pavilion). Page 17 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Debt Summary Unaudited, in thousands December 31, 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) $ 400,000 $ 100,000 LIBOR + 1.05% to 1.50% 3/13/2022 (5) $ — $ 400,000 Term loan A(3)(6) 300,000 300,000 LIBOR + 1.20% to 1.70% 4/1/2020 (7) 7,950 300,000 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 2,275,000 1,975,000 64,801 2,275,000 Secured debt (5) Sunset Gower Studios/Sunset Bronson Studios(10) 5,001 5,001 LIBOR + 2.25% 3/4/2019 — 5,001 Met Park North(11) 64,500 64,500 LIBOR + 1.55% 8/1/2020 2,393 64,500 10950 Washington(12) 26,880 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 365,381 464,311 15,526 363,482 Total unsecured and secured debt 2,640,381 2,439,311 Unamortized deferred financing costs and (16,546) (17,931) loan discounts(14) TOTAL UNSECURED AND SECURED DEBT, NET $ 2,623,835 $ 2,421,380 $ 80,327 $ 2,638,482 IN-SUBSTANCE DEFEASED DEBT(15) $ 138,223 $ — 4.47% 10/1/2022 $ 9,391 $ 125,489 JOINT VENTURE PARTNER DEBT(16) $ 66,136 $ — 4.50% 10/9/2028 $ 2,976 $ 66,136 Page 18 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Debt Summary (continued) (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 December 31, 2018, which may be different than the interest rates as of December 31, 2017 for corresponding indebtedness. (2) See definition on page 44. (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 December 31, 2018, no such election had been made. (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 2.65% 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 ICON and CUE. (11) 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 Hill7. 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) We own 75% of the ownership interest in the consolidated joint venture that owns One Westside and 10850 Pico. 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. (16) This amount relates to debt due to Allianz U.S. Private REIT LP (“Allianz”), our partner in the joint venture that owns Ferry Building. The maturity date may be extended twice for an additional two-year term each. Page 19 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 SECURED AND UNSECURED DEBT UNSECURED REVOLVING CREDIT FACILITY, TERM LOAN AND PRIVATE PLACEMENT(5) Unsecured debt $2,275,000 86.2% 3.6% 4.8 Total liabilities to total asset value ≤ 60% 34.7% Secured debt 365,381 13.8 4.2% 6.4 Unsecured indebtedness to unencumbered asset value ≤ 60% 45.5% TOTAL $2,640,381 100.0% Adjusted EBITDA to fixed charges ≥ 1.5x 3.9x Secured indebtedness to total asset value ≤ 45% 4.8% FLOATING AND FIXED-RATE DEBT Unencumbered NOI to unsecured interest expense ≥ 2.0x 3.7x Floating-rate debt $ 480,001 18.2% 3.5% 2.9 Fixed-rate debt(3) 2,160,380 81.8 3.7% 5.5 UNSECURED REGISTERED SENIOR NOTES(6) TOTAL $2,640,381 100.0% Debt to total assets ≤ 60% 35.8% Total unencumbered assets to unsecured debt ≥ 150% 248.8% Weighted average stated interest rate(2) 3.7% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 4.4x GAAP effective rate including unamortized deferred financing costs and loan discount(4) 3.8% Secured debt to total assets ≤ 45% 5.0% Page 20 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance (continued) (1) Principal amortization and maturities, including amounts due at maturity, exclude: (i) in-substance defeased debt related to One Westside and 10850 Pico (collectively, formerly Westside Pavilion), (ii) unamortized deferred financing costs and loan discounts, and (iii) debt due to Allianz, our partner in the joint venture that owns Ferry Building. (2) Rates as of December 31, 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 December 31, 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 December 31, 2018. As of December 31, 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 December 31, 2018. As of December 31, 2018, the operating partnership was in compliance with the Senior Notes agreement. Page 21 of 46

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

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 93.1% 93.4% $ 3,454,120 $ 20.38 Met Park North South Lake Union 190,748 95.8 95.8 5,441,200 29.78 411 First Pioneer Square 163,768 97.0 97.0 4,917,629 30.95 505 First Pioneer Square 288,140 97.4 97.4 6,688,393 23.83 83 King Pioneer Square 185,319 100.0 100.0 6,008,716 32.42 Subtotal 1,009,984 96.7 96.8 26,510,058 27.13 San Francisco Bay Area, California 1455 Market(6) San Francisco 1,025,833 93.4 93.4 45,055,903 47.03 275 Brannan San Francisco 54,673 100.0 100.0 3,359,193 61.44 625 Second San Francisco 138,080 92.3 92.3 7,996,216 62.76 875 Howard San Francisco 286,270 99.9 99.9 12,535,824 43.83 901 Market San Francisco 206,697 99.4 99.4 11,555,919 56.22 Rincon Center San Francisco 580,850 91.2 91.2 30,040,177 56.72 Towers at Shore Center Redwood Shores 334,483 68.9 87.3 15,537,650 67.43 Skyway Landing Redwood Shores 247,173 78.6 78.6 9,517,448 49.01 555 Twin Dolphin(7) Redwood Shores 198,936 88.1 88.1 9,583,864 54.66 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 14,146,831 68.06 Clocktower Square Palo Alto 100,344 79.0 79.0 6,713,585 84.70 Foothill Research Center Palo Alto 195,376 62.9 62.9 8,370,549 68.08 Page Mill Center Palo Alto 176,245 99.9 99.9 12,453,528 70.70 Page Mill Hill Palo Alto 182,676 98.4 98.4 12,627,854 70.24 1740 Technology North San Jose 206,876 99.6 99.6 8,042,913 39.03 Concourse North San Jose 944,386 97.3 98.4 32,179,322 35.00 Skyport Plaza North San Jose 418,086 96.2 96.2 14,522,015 36.10 Subtotal 5,547,740 91.9 93.2 257,340,858 50.48 Los Angeles, California 6922 Hollywood Hollywood 205,523 96.1 96.5 9,898,389 50.12 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 99.4 99.4 63,559,634 50.14 Total same-store 7,833,319 93.7 94.7 347,410,550 47.32 Page 23 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 Greater Seattle, Washington Hill7(8) South Lake Union 285,310 100.0 100.0 10,617,734 37.21 450 Alaskan Pioneer Square 170,974 95.4 95.4 6,419,780 39.36 Subtotal 456,284 98.3 98.3 17,037,514 38.00 San Francisco Bay Area, California Ferry Building(9) San Francisco 268,018 98.0 98.0 22,175,856 84.43 Palo Alto Square Palo Alto 333,254 94.8 94.8 24,008,843 75.99 Gateway North San Jose 609,093 94.7 97.5 21,988,595 38.12 Techmart Santa Clara 284,440 98.6 98.6 12,944,194 46.14 Subtotal 1,494,805 96.1 97.2 81,117,488 56.49 Los Angeles, California 604 Arizona West Los Angeles 44,260 100.0 100.0 2,921,160 66.00 11601 Wilshire West Los Angeles 500,475 94.2 98.3 20,739,052 43.98 CUE Hollywood 94,386 100.0 100.0 5,369,483 56.89 Subtotal 639,121 95.5 98.6 29,029,695 47.58 Total non-same-store 2,590,210 96.3 97.7 127,184,697 50.99 Total stabilized 10,423,529 94.4 95.4 474,595,247 48.25 LEASE-UP Greater Seattle, Washington 95 Jackson Pioneer Square 31,659 79.2 79.2 984,626 39.25 Subtotal 31,659 79.2 79.2 984,626 39.25 San Francisco Bay Area, California Metro Center Foster City 736,986 74.9 75.9 29,602,704 53.66 333 Twin Dolphin Redwood Shores 182,789 42.1 46.9 4,620,313 60.00 Shorebreeze Redwood Shores 230,932 77.2 77.2 10,372,874 58.19 Metro Plaza North San Jose 456,921 90.3 93.5 15,871,481 38.46 Subtotal 1,607,628 75.9 77.8 60,467,372 49.58 Los Angeles, California 10850 Pico (formerly part of Westside Pavilion)(10) West Los Angeles 95,987 84.9 84.9 3,053,677 37.48 Downtown Los Fourth & Traction Angeles 131,701 — 100.0 — — Subtotal 227,688 35.8 93.6 3,053,677 37.48 Total lease-up 1,866,975 71.0 79.7 64,505,675 48.64 TOTAL IN-SERVICE 12,290,504 90.8% 93.0% $ 539,100,922 $ 48.29 Page 24 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 In-Service Office Properties(1) (continued) (1) In-service office excludes the land, redevelopment, development and held for sale properties described on pages 28 and 29. As of December 31, 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. (3) Percent occupied for office properties is calculated as (i) square footage under commenced leases as of December 31, 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 December 31, 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 December 31, 2018. Annualized base rent does not reflect tenant reimbursements. (5) Defined as all properties owned and included in our stabilized office portfolio as of October 1, 2017 and still owned and included in the stabilized office portfolio as of December 31, 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 twelve months ended December 31, 2018. Same-store office for the twelve months ended December 31, 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 December 31, 2018. (8) We own 55% of the ownership interest in the consolidated joint venture that owns Hill7. (9) We own 55% of the ownership interest in the consolidated joint venture that owns Ferry Building. (10) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico (formerly part of Westside Pavilion). Page 25 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 In-Service Office Properties by Location(1) Annualized Base Square Occupied Percent Leased Percent Annualized Rent Per Square Properties Feet(2) Square Feet Occupied(3) Square Feet Leased(3) Base Rent(4) Foot(4) STABILIZED Greater Seattle, Washington Lynnwood 1 182,009 169,451 93.1% 169,950 93.4% $ 3,454,120 $ 20.38 South Lake Union 2 476,058 468,002 98.3 468,002 98.3 16,058,934 34.31 Pioneer Square 4 808,201 787,995 97.5 787,995 97.5 24,034,518 30.50 Subtotal 7 1,466,268 1,425,448 97.2 1,425,947 97.3 43,547,572 30.55 San Francisco Bay Area, California San Francisco 7 2,560,421 2,423,853 94.7 2,423,853 94.7 132,719,088 54.76 Redwood Shores 3 780,592 599,925 76.9 661,430 84.7 34,638,962 57.74 Palo Alto 7 1,238,651 1,124,862 90.8 1,124,862 90.8 81,423,257 72.39 North San Jose 4 2,178,441 2,104,550 96.6 2,131,641 97.9 76,732,845 36.46 Santa Clara 1 284,440 280,523 98.6 280,523 98.6 12,944,194 46.14 Subtotal 22 7,042,545 6,533,713 92.8 6,622,309 94.0 338,458,346 51.80 Los Angeles, California Hollywood 4 740,624 732,613 98.9 733,510 99.0 39,025,085 53.27 West Los Angeles 6 1,061,092 1,032,131 97.3 1,052,436 99.2 50,237,036 48.67 Torrance 1 113,000 113,000 100.0 113,000 100.0 3,327,208 29.44 Subtotal 11 1,914,716 1,877,744 98.1 1,898,946 99.2 92,589,329 49.31 Total Stabilized 40 10,423,529 9,836,905 94.4% 9,947,202 95.4% $ 474,595,247 $ 48.25 For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 25. Page 26 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 In-Service Office Properties by Location(1) (continued) Annualized Base Square Occupied Percent Leased Percent Annualized Rent Per Square Properties Feet(2) Square Feet Occupied(3) Square Feet Leased(3) Base Rent(4) Foot(4) LEASE-UP Greater Seattle, Washington Pioneer Square 1 31,659 25,086 79.2 25,086 79.2 984,626 39.25 Subtotal 1 31,659 25,086 79.2 25,086 79.2 984,626 39.25 San Francisco Bay Area, California Foster City 1 736,986 551,681 74.9 559,289 75.9 29,602,704 53.66 Redwood Shores 2 413,721 255,257 61.7 263,944 63.8 14,993,187 58.74 North San Jose 1 456,921 412,710 90.3 427,156 93.5 15,871,481 38.46 Subtotal 4 1,607,628 1,219,648 75.9 1,250,389 77.8 60,467,372 49.58 Los Angeles, California West Los Angeles 1 95,987 81,479 84.9 81,479 84.9 3,053,677 37.48 Downtown Los Angeles 1 131,701 — — 131,701 100.0 — — Subtotal 2 227,688 81,479 35.8 213,180 93.6 3,053,677 37.48 Total Lease-up 7 1,866,975 1,326,213 71.0 1,488,655 79.7 64,505,675 48.64 TOTAL IN-SERVICE 47 12,290,504 11,163,118 90.8% 11,435,857 93.0% $ 539,100,922 $ 48.29 For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 25. Page 27 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Studio Properties Square Percent of Percent Annual Annual Base Rent Per Feet Total Leased Base Rent Leased Square Foot Sunset Gower Studios 531,756 (1) 43.4% 90.8% $ 17,351,126 $ 35.92 Sunset Bronson Studios 308,026 25.2 97.1 11,928,798 39.90 Total same-store studio(2) 839,782 68.6 93.1% (3) $ 29,279,924 (4) $ 37.44 (5) Sunset Las Palmas Studios 384,621 31.4 89.2% $ 13,329,653 (6) $ 41.80 Total non-same-store studio 384,621 (7) 31.4 89.2% (8) $ 13,329,653 $ 41.80 (9) TOTAL STUDIO 1,224,403 100.0% (1) Square footage for Sunset Gower Studios excludes 33,220 square feet related to Building 70 taken off-line during fourth quarter 2018. (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 December 31, 2018. (3) Percent leased for same-store studio is the average percent leased for the 12 months ended December 31, 2018. (4) Annual base rent for same-store studio reflects actual base rent for the 12 months ended December 31, 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 December 31, 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 and 6660 Santa Monica, which was acquired on October 23, 2018. (7) 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 and the October 23, 2018 acquisition of 11,200 square feet located at 6660 Santa Monica Boulevard in Hollywood, all part of Sunset Las Palmas Studios. (8) Percent leased for non-same-store studio includes the average percent leased for (i) the 12 months ended December 31, 2018 for 331,925 square feet, (ii) the 7 months ended December 31, 2018 for 41,496 square feet, and (iii) the 3 months ended December 31, 2018 for 11,200 square feet. (9) 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 December 31, 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 28 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 584,000 — — — (6) — (6) — (6) — Westside Pavilion)(5) Maxwell Downtown Los Angeles 99,090 — — — (7) — (7) — (7) — Total redevelopment 1,154,670 — — — — — — DEVELOPMENT EPIC Hollywood 302,102 — — 302,102 100.0 — — Harlow Hollywood 106,125 — — — — — — Total development 408,227 — — 302,102 74.0 — — TOTAL 1,562,897 — —% 302,102 19.3% $ — $ — (1) Excludes in-service office and land properties (see pages 23, 24 and 28). (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 December 31, 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 December 31, 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 December 31, 2018. Annualized base rent does not reflect tenant reimbursements. (5) Does not include existing tenants expected to expire by January 31, 2019. (6) Subsequent to December 31, 2018, Google, Inc. signed a 584,000-square-foot lease for approximately 14 years. The entire premises is anticipated to be delivered for construction of tenant improvements to Google, Inc. during first quarter 2022. Monthly base rent payments are anticipated to commence during third quarter 2022 with base rent abatements from the second through ninth month following rent commencement. (7) Subsequent to December 31, 2018, WeWork Companies Inc. signed a 55,864-square-foot lease at Maxwell commencing during first quarter 2019 with rent abatements through third quarter 2019. Page 29 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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(2) Date(3) Date(4) Feet(5) Leased 12/31/18 Costs Costs(6) UNDER CONSTRUCTION Maxwell Downtown Q2-2017 Q1-2019 Q1-2020 99,090 —% (7) 71,784 (8) 89,650 (8) 6.4% Los Angeles EPIC Hollywood Q3-2017 Q4-2019 Q3-2021 302,102 100% (9) 83,757 (10) 207,443 (10) 9.8% Harlow Hollywood Q1-2018 Q1-2020 Q4-2020 106,125 —% 20,346 (11) 81,605 (11) 6.7% Total under construction 507,317 175,887 378,698 FUTURE DEVELOPMENT PIPELINE One Westside (formerly part of West Los Q4-2019 Q1-2022 Q2-2023 584,000 —% (12) 143,981 (13) $500,000 - (13) 7.75% - (13) Westside Pavilion) Angeles $550,000 8.25% Element LA—Development West Los TBD TBD TBD 500,000 N/A N/A TBD TBD Angeles Sunset Bronson Studios Lot D— Hollywood TBD TBD TBD 19,816 N/A N/A TBD TBD Development Sunset Gower Studios— Hollywood TBD TBD TBD 423,396 N/A N/A TBD TBD Development Sunset Las Palmas Studios— Hollywood TBD TBD TBD 400,000 N/A 21,000 (14) TBD TBD Development Campus Center—Development Milpitas TBD TBD TBD 946,350 N/A 7,450 (15) TBD TBD Cloud10 North San TBD TBD TBD 350,000 N/A 11,501 (16) TBD TBD Jose Total future development 3,223,562 TOTAL 3,730,879 (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 issuance of building permit or equivalent. (3) Based on receipt of a temporary certificate of occupancy or equivalent. (4) Based on management’s estimate of stabilized occupancy (92.0%). Occupancy for stabilization purposes defined as the commencement of base rental payments (defined as cash base rents (after abatements)). (5) 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 30 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Under Construction and Future Value Creation Projects (continued) (6) 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. (7) Subsequent to December 31, 2018, WeWork Companies Inc. signed a 55,864-square-foot lease at Maxwell commencing during first quarter 2019 with rent abatements through third quarter 2019. (8) Project costs as of December 31, 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) For description of rent phasing and abatements for Netflix, Inc., please see page 38. (10) Project costs as of December 31, 2018 and total estimated project costs for EPIC exclude land. (11) Project costs as of December 31, 2018 and total estimated project costs for Harlow include $4.2 million for management’s estimate of allocated land and acquisition costs. (12) Subsequent to December 31, 2018, Google, Inc. signed a 584,000-square-foot lease for approximately 14 years anticipated to commence upon completion of construction and build-out of tenant improvements in 2022. Please see page 29 for description of rent phasing and abatements. (13) 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 584,000 square feet of creative office space (now referred to as One Westside), while preserving 95,987 square feet of existing retail and entertainment space (now referred to as 10850 Pico). Total estimated projects costs for One Westside are in the range of $500.0 - $550.0 million, with each partner contributing its prorata share. Total estimated project costs, as well as project costs as of December 31, 2018 for One Westside include the $140.0 million purchase price paid by the joint venture in August 2018 for related existing buildings and land, and exclude an additional $50.0 million paid by the joint venture, which is allocated to the fully operational 10850 Pico. One Westside total estimated project costs and project costs as of December 31, 2018 are not prorated for the joint venture ownership and do not include: (i) operating results from March 1, 2018 through February 1, 2019, (ii) defeasance costs, and (iii) debt service associated with the defeased debt. Estimated yields at stabilization for One Westside will range between 7.75% - 8.25%. (13) Project costs as of December 31, 2018 for Sunset Las Palmas Studios—Development include $20.8 million for management’s estimate of allocated land and acquisition costs. (14) Project costs as of December 31, 2018 for Campus Center—Development include approximately $7.0 million for management’s estimate of allocated land and acquisition costs. (15) Project costs as of December 31, 2018 for Cloud10 include approximately $10.5 million for management’s estimate of allocated land and acquisition costs. Page 31 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Value Creation Project Images—Recently Completed, 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 94,386 SF | Completed 3Q17 170,974 SF | Completed 3Q17 131,701 SF | Completed 2Q17 Single Tenant (Netflix,Inc.) Single Tenant (Netflix, Inc.) Multi-Tenant Single Tenant (Honey Science Corporation) 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 1Q19 302,102 SF | Completion 4Q19 106,125 SF | Completion 1Q20 Multi-Tenant Single or Multi-Tenant Single Tenant (Netflix, Inc.) Single or Multi-Tenant Recently Completed 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) 584,000 SF | Completion 1Q22 350,000 SF(1) | Completion TBD 423,396(1) SF | Completion TBD Single Tenant (Google, Inc.) 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 32 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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) Total Technology 4,547,279 39.4% Online services 987,648 27.8% Media and Entertainment 1,479,550 14.4 Software 1,166,634 26.7 Legal 706,861 8.9 Computer hardware and technology equipment 1,129,580 18.1 Business Services 968,747 8.8 Business support services 742,045 15.2 Financial Services 826,678 7.7 Other 369,283 8.5 Retail 688,288 4.9 Biotechnology, healthcare and medical research 97,887 2.6 Other 477,849 4.7 Telecommunications and networking 54,202 1.1 Government 311,369 2.3 TOTAL 4,547,279 100.0% Real Estate 245,609 2.1 Educational 196,938 2.0 MEDIA AND ENTERTAINMENT DIVERSIFICATION Insurance 239,775 1.9 Annualized Base Rent as Healthcare 152,752 1.6 Percent of (2) Advertising 173,901 1.3 Sector Square Feet Total TOTAL 11,015,596 100.0% Entertainment production and service 938,019 61.7% Gaming 351,717 27.2 Advertising and marketing 132,152 8.3 Other 57,662 2.8 TOTAL 1,479,550 100.0% (1) Office tenant industry diversification determined by management using Thompson Reuters Business Classification ("TRBC"). (2) Excludes signed leases not commenced. (3) Excludes 147,522 square feet occupied by Hudson Pacific Properties, Inc. Page 33 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 4 3 Various 479,793 3.5% $ 33,789,240 6.3% Netflix, Inc.(3) Various 2 2 Mid-2031 420,143 3.0 23,723,486 4.4 Square, Inc.(4) 1455 Market 1 1 9/27/2023 417,053 3.0 18,352,204 3.4 Riot Games, Inc.(5) Element LA 1 1 3/31/2030 284,037 2.1 16,348,093 3.0 Uber Technologies, Inc. 1455 Market 1 1 2/28/2025 325,020 2.3 16,036,451 3.0 Nutanix, Inc.(6) Various 3 3 5/31/2024 364,342 2.6 14,256,307 2.6 Qualcomm Skyport Plaza 2 1 7/31/2022 376,817 2.7 13,669,413 2.5 Salesforce.com(7) Rincon Center 2 1 Various 265,394 1.9 13,552,395 2.5 Stanford(8) Various 4 3 Various 151,249 1.1 10,933,981 2.0 Dell EMC Corporation(9) Various 3 2 Various 294,756 2.1 8,325,032 1.5 NFL Enterprises(10) Various 2 2 12/31/2023 167,606 1.2 7,361,256 1.4 GSA(11) Various 5 5 Various 165,661 1.2 7,181,084 1.3 Regus(12) Various 5 6 Various 148,506 1.1 6,334,295 1.2 Baker McKenzie(13) Clocktower Square 2 2 Various 70,030 0.5 5,886,126 1.1 GitHub, Inc.(14) Various 2 2 4/30/2020 90,003 0.6 5,608,088 1.0 TOTAL 39 35 4,020,410 28.9% $201,357,451 37.2% (1) Annualized base rent is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases as of December 31, 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) 7,604 square feet at Rincon Center expiring October 31, 2023, (iii) 97,872 square feet at Foothill Research Center expiring on February 28, 2025, and (iv) 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. Subsequent to December 31, 2018, Google, Inc. signed a 584,000-square-foot lease at One Westside (formerly part of Westside Pavilion) for approximately 14 years. The entire premises is anticipated to be delivered to Google, Inc. for construction of tenant improvements during first quarter 2022. Monthly base rent payments are anticipated to commence during third quarter 2022 with base rent abatements from the second through ninth month following rent commencement. (3) Netflix, Inc. expirations by square footage and property: 325,757 square feet at ICON and 94,386 square feet at CUE. Netflix, Inc. is anticipated to take possession of an additional 302,102 square feet at EPIC during fourth quarter 2019. Please see page 38 for description of rent phasing and abatements. Expiration date to be determined based on the commencement of the Netflix, Inc. lease at EPIC. (4) Square, Inc. is expected to take possession of an additional 52,003 square feet during first quarter 2019. (5) 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. (6) Nutanix, Inc. expirations by square footage and property: (i) 189,084 square feet at 1740 Technology, (ii) 66,648 square feet at Concourse, and (iii) 108,610 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) 29,357 square feet during second quarter 2019, (ii) 28,930 square feet during fourth quarter 2019, and (iii) 6,416 square feet during first quarter 2020. Page 34 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Fifteen Largest Office Tenants (continued) (7) 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. Salesforce.com subleased 259,416 square feet at Rincon Center to Twilio Inc. during third quarter 2018. Effective January 30, 2019, we entered into an agreement to reimburse Salesforce.com approximately $6.3 million for costs incurred in connection with the sublease. We are entitled to recoup this cost from amounts paid pursuant to the sublease commencing February 1, 2019, with the expectation to be fully reimbursed by March 31, 2020. Thereafter, Salesforce.com will pay us 50% of any amounts received pursuant to the sublease. (8) 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. (9) Dell EMC Corporation expirations by square footage and property: (i) 185,292 square feet at 505 First expiring on October 18, 2021, (ii) 42,954 square feet at 505 First expiring on December 31, 2023, and (iii) 66,510 square feet at 875 Howard expiring on June 30, 2026. Dell EMC Corporation is expected to take possession of an additional 17,039 square feet at 875 Howard during third quarter of 2020. (10) 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 December 31, 2022 by delivering written notice on or before September 30, 2021. (11) GSA expirations by square footage and property: (i) 49,338 square feet at 1455 Market expiring on February 19, 2019, (ii) 28,993 square feet at Northview Center expiring on April 4, 2020, (iii) 28,316 square feet at Rincon Center expiring May 31, 2020, (iv) 40,626 square feet at 901 Market expiring on July 31, 2021, and (v) 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. (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) Baker McKenzie expirations by square footage: (i) 34,414 square feet expiring on June 25, 2019 and (ii) 35,616 square feet expiring on April 30, 2029. (14) 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 35 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Office Property Leasing Activity Three Months Ended Twelve Months Ended December 31, 2018 December 31, 2018 Total gross leasing activity 807,418 3,366,870 Rentable square feet 75 254 Gross new leasing activity Rentable square feet 412,102 1,806,170 New cash rate $ 50.46 $ 52.81 Gross renewal leasing activity Rentable square feet 395,316 1,560,700 Renewal cash rate $ 58.30 $ 57.32 Total leases expired and terminated Contractual (scheduled) expiration 185,726 1,434,412 Early termination 83,354 219,624 Total 269,080 1,654,036 Net absorption Leased rentable square feet 143,022 152,134 Cash rent growth(1) Expiring rate $ 48.67 $ 47.78 New/renewal rate(2) $ 58.47 $ 55.30 Change 20.1% 15.7% Straight-line rent growth(3) Expiring rate $ 43.99 $ 42.57 New/renewal rate(2) $ 59.86 $ 55.13 Change 36.1% 29.5% Weighted average lease terms New (in months) 77.5 82.6 Renewal (in months) 79.0 61.9 TENANT IMPROVEMENTS AND LEASING COMMISSIONS(4) Lease Transaction Costs Per Square Foot Three Months Ended Twelve Months Ended December 31, 2018 December 31, 2018 Total Annual Total Annual New leases $ 82.40 $ 12.75 $ 79.57 $ 11.56 Renewal leases $ 53.26 $ 8.09 $ 45.44 $ 8.81 Blended $ 68.13 $ 10.45 $ 63.75 $ 10.48 (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 December 31, 2018 are calculated using the weighted average starting rates for 153,617 square feet of new leases. The new rates being compared to expiring rates for the twelve months ended December 31, 2018 are calculated using the weighted average starting rates for 851,632 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 36 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 Hill7 South Lake Union 28,287 11/1/2018 2/1/2019 $ 36.00 7/31/2027 83 King Pioneer Square 24,724 11/15/2018 3/1/2019 $ 43.50 1/31/2021 450 Alaskan Pioneer Square 57,610 11/19/2018 9/1/2019 $ 40.00 6/30/2029 Northview Center Lynnwood 11,450 12/1/2018 5/1/2019 $ 20.50 3/31/2026 San Francisco Bay Area, California Gateway(3) North San Jose 17,893 5/21/2018 12/1/2018 $ 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 Skyport Plaza North San Jose 14,618 8/1/2018 4/1/2019 $ 34.20 3/31/2034 Page Mill Hill(4) Palo Alto 20,617 9/25/2018 1/1/2019 $ 76.20 9/30/2023 Gateway(5) North San Jose 17,728 9/24/2018 1/1/2019 $ 40.20 11/30/2023 Metro Plaza North San Jose 30,531 10/1/2018 2/1/2019 $ 40.20 5/31/2024 Metro Plaza North San Jose 49,958 10/1/2018 6/1/2019 $ 41.41 5/31/2024 Clocktower Square Palo Alto 35,616 11/1/2018 8/1/2019 $ 87.00 4/30/2029 Gateway North San Jose 10,942 11/1/2018 5/1/2019 $ 40.20 3/31/2024 Metro Plaza(6) North San Jose 25,565 11/13/2018 3/1/2019 $ 40.80 2/29/2024 Gateway North San Jose 15,282 11/16/2018 7/1/2019 $ 40.80 6/30/2026 Concourse North San Jose 19,296 12/1/2018 3/1/2019 $ 38.40 2/28/2022 Metro Center(7) Foster City 13,246 12/6/2018 8/1/2019 $ 66.00 1/31/2027 625 Second(8) San Francisco 43,846 12/17/2018 4/16/2019 $ 52.00 4/30/2027 (1) Consists of leases for more than 10,000 square feet that commenced on or prior to December 31, 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 December 31, 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 December 31, 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 25, 2018. Monthly base rent is fully abated for the subsequent three-month period from October 2018 through December 2018. (5) Tenant paid monthly base rent concurrently with the lease start date on September 24, 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. (6) Tenant paid monthly base rent concurrently with the lease start date on November 13, 2018. Monthly base rent is fully abated for the subsequent three-month period from December 2018 through February 2019. (7) Tenant paid monthly base rent concurrently with the lease start date on December 6, 2018. Monthly base rent is fully abated for the subsequent seven-month period from January 2019 through July 2019. (8) Subsequent to the rent start date, monthly base rent associated with 29,616 square feet is abated for the six-month period from May 2019 through October 2019. Page 37 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Uncommenced Office Leases—Next Eight Quarters(1) Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 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 499 $ 21.50 — $ — — $ — — $ — — $ — — $ — — $ — — $ — Subtotal 499 21.50 — — — — — — — — — — — — — — San Francisco Bay Area, California Foster City 7,608 58.92 — — — — — — — — — — — — — — Redwood Shores 61,505 66.55 8,687 65.40 — — — — — — — — — — — — North San Jose 28,893 43.76 12,644 43.99 — — — — — — — — — — — — Subtotal 98,006 59.23 21,331 52.71 — — — — — — — — — — — — Los Angeles, California Downtown Los Angeles — — — — 123,097 42.56 (3) — — — — — — — — — — Hollywood 897 — — — — — 302,102 68.40 (4) — — — — — — — — West Los Angeles 12,145 51.98 3,833 55.80 4,327 61.80 — — — — — — — — — — Subtotal 13,042 48.40 3,833 55.80 127,424 43.21 302,102 68.40 — — — — — — — — Total Uncommenced 111,547 $ 57.80 25,164 $ 53.18 127,424 $ 43.21 302,102 $ 68.40 — $ — — $ — — $ — — $ — (1) Consists of uncommenced leases, defined as new leases with respect to vacant space executed on or prior to December 31, 2018, but with commencement dates after December 31, 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 first through sixth full calendar months following rent commencement, and 45,641 square feet during first quarter 2020. Honey Science Corporation is expected to take possession of an additional 8,604 square feet during second quarter 2022. (4) The entire premises is anticipated to be delivered to Netflix, Inc. during fourth quarter 2019. Monthly base rent payments anticipated to commence 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 38 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Backfilled Office Leases—Next Eight Quarters(1) Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 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 64,903 82.80 — — 6,834 52.00 — — — — — — 17,039 75.19 6,041 53.56 Foster City 11,243 69.00 — — — — — — — — — — — — — — Palo Alto — — — — — — 13,593 92.08 — — — — — — — — North San Jose 2,597 45.00 45,642 36.64 — — 28,930 37.08 13,579 38.39 — — — — 3,198 41.76 Subtotal 78,743 79.58 45,642 36.64 6,834 52.00 42,523 54.66 13,579 38.39 — — 17,039 75.19 9,239 49.48 Los Angeles, California West Los Angeles — — 2,749 60.00 — — — — — — — — — — — — Subtotal — — 2,749 60.00 — — — — — — — — — — — — Total Backfilled 161,133 58.83 73,003 39.67 6,834 52.00 42,523 54.66 13,579 38.39 — — 17,039 75.19 9,239 49.48 Total Uncommenced & $ $ $ $ $ $ $ $ Backfilled 272,680 58.41 98,167 43.13 134,258 43.66 344,625 66.70 13,579 38.39 — — 17,039 75.19 9,239 49.48 (1) Consists of backfilled leases, defined as new leases with respect to occupied space executed on or prior to December 31, 2018, but with commencement dates after December 31, 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 39 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Expiring Office Leases—Next Eight Quarters(1) Q1 2019(2) Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 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 South Lake Union — $ — — $ — — $ — — $ — — $ — — $ — — $ — 656 $33.18 Lynnwood — — — — 29,360 20.48 — — 31,409 20.54 34,474 22.88 — — — — Pioneer 117,792 28.62 (5) — — 6,452 32.00 6,372 40.16 8,400 34.00 — — — — — — Square Subtotal 117,792 28.62 — — 35,812 22.56 6,372 40.16 39,809 23.38 34,474 22.88 — — 656 33.18 San Francisco Bay Area, California Foster City 23,680 46.13 713 70.69 — — 14,244 65.15 22,596 60.90 37,505 48.14 13,712 68.59 2,189 73.03 Palo Alto — — 114,273 74.57 (8) 35,226 80.80 38,793 84.53 14,809 74.76 22,846 85.83 20,921 98.12 44,170 74.96 Redwood 11,982 61.60 96,655 61.93 (9) 18,931 60.24 60,434 50.19 (11) 22,829 62.98 41,392 62.64 19,866 65.88 51,576 40.04 (16) Shores San 110,134 69.40 (6) 7,691 62.33 3,055 87.03 255 407.20 43,413 56.17 126,655 63.99 (15) 11,799 60.61 12,380 89.31 Francisco North San 69,397 32.30 (7) 67,731 38.34 (10) 42,657 37.21 119,550 36.08 (12) 57,993 38.69 (14) 44,292 36.92 47,434 38.67 80,997 39.26 (17) Jose Santa Clara 3,455 49.21 6,498 40.38 2,453 49.94 21,533 41.63 10,535 47.94 46,493 48.10 8,741 52.56 16,715 50.94 Subtotal 218,648 54.36 293,561 60.96 102,322 58.27 254,809 49.27 172,175 52.90 319,183 57.44 122,473 59.69 208,027 51.31 Los Angeles, California Hollywood 10,740 46.02 — — 3,378 52.20 11,900 51.29 40,887 43.79 — — — — — — Torrance — — — — — — 113,000 29.44 (13) — — — — — — — — West Los 45,957 33.74 17,194 43.38 — — 12,112 48.56 4,086 52.87 16,705 53.02 3,231 60.96 2,458 56.52 Angeles Subtotal 56,697 36.07 17,194 43.38 3,378 52.20 137,012 33.03 44,973 44.62 16,705 53.02 3,231 60.96 2,458 56.52 TOTAL 393,137 $44.01 310,755 $59.99 141,512 $49.09 398,193 $ 43.54 256,957 $46.88 370,362 $54.03 125,704 $59.72 211,141 $51.31 Expirations as % of In- 3.2% 2.5% 1.2% 3.2% 2.1% 3.0% 1.0% 1.7% Service (1) This does not reflect 88,284 square feet that expired on December 31, 2018. This table omits submarkets without any expirations over the next eight quarters. (2) First quarter 2019 expiring square footage does not include 27,888 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) Total expiring square footage consists of: (i) Capital One at 83 King for 108,537 square feet (74,700 square feet of this space will be backfilled by RealSelf, Inc. and 24,612 square feet by Lyft), (ii) Cowgirls, Inc. at 411 First for 5,995 square feet, and (iii) Blue Nile, Inc. at 411 First for 3,260 square feet. (6) Top three expiring tenants by square footage: (i) SS&C Technologies, Inc. at Ferry Building for 51,424 square feet (12,900 square feet of this space will be backfilled by Niantic, Inc.), (ii) GSA at 1455 Market for 49,338 square feet (52,003 square feet of this space will be backfilled by Square, Inc.), and (iii) TruSignal, Inc. at 875 Howard for 4,307 square feet. Page 40 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Expiring Office Leases—Next Eight Quarters(1) (continued) (7) Top three expiring tenants by square footage: (i) Virident Systems, Inc. at Concourse for 38,504 square feet (29,357 square feet of this space will be backfilled by Nutanix, Inc. and 9,147 square feet by Invensense), (ii) Konica Minolta Business Solutions USA at Metro Plaza for 8,933 square feet, and (iii) Randstad Professionals US, LP at Gateway for 5,539 square feet. (8) 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. (9) Top three expiring tenants by square footage: (i) Teachers Insurance & Annuity Association at Towers at Shores Center for 25,549 square feet, (ii) Alarm.com at 555 Twin Dolphin for 16,027 square feet, and (iii) Inflection LLC at 555 Twin Dolphin for 15,719 square feet. (10) Top three expiring tenants by square footage: (i) AKM Semiconductor, Inc. at Concourse for 7,457 square feet, (ii) InnoGrit Corporation at Concourse for 7,281 square feet, and (iii) Tech Mahindra (Americas) Inc. at Concourse for 6,969 square feet. (11) 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 Shores Center for 7,177 square feet, and (iii) Colliers Parrish International, Inc. at Towers at Shores Center for 6,257 square feet. (12) Top three expiring tenants by square footage: (i) Ensighten, Inc. at Concourse for 28,930 square feet (28,930 square feet of this space will be backfilled by Nutanix, Inc.), (ii) GEO Semiconductor, Inc. at Metro Plaza for 13,027 square feet, and (iii) Aerotek, Inc. at Concourse for 12,427 square feet. (13) Total expiring square footage consists of Saatchi & Saatchi North America, Inc. at Del Amo for 113,000 square feet. (14) 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) InvenSense at 1740 Technology for 7,386 square feet (7,163 square feet of this space will be backfilled by Nutanix, Inc.). (15) 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. (16) Top three expiring tenants by square footage: (i) Wells Fargo Insurance Services USA, Inc. at Skyway Landing for 40,257 square feet, (ii) Jetblue Airways Corp at Skyway Landing for 6,708 square feet, and (iii) Azumio at Shorebreeze for 2,592 square feet. (17) Top three expiring tenants by square footage: (i) Old Republic Title Company at Concourse for 20,771 square feet, (ii) Comerica Bank at Concourse for 12,708 square feet, and (iii) USJade Corp at Concourse for 10,940 square feet. Page 41 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 2,115,442 15.3% 2018 15 88,284 0.6 $ 3,333,285 0.6% $ 37.76 $ 3,340,617 $ 37.84 2019(4) 154 1,243,597 9.0 58,868,756 10.2 47.34 60,226,758 48.43 2020 144 964,164 7.0 48,442,388 8.5 50.24 50,396,878 52.27 2021 131 1,256,838 9.1 57,142,961 10.0 45.47 60,985,258 48.52 2022 105 1,134,270 8.2 52,539,731 9.2 46.32 58,669,110 51.72 2023 80 1,468,771 10.6 63,293,830 11.1 43.09 72,204,029 49.16 2024 77 1,245,499 9.0 61,074,117 10.7 49.04 72,131,746 57.91 2025 28 1,044,229 7.6 51,707,438 9.0 49.52 64,994,872 62.24 2026 15 320,608 2.3 17,302,251 3.0 53.97 23,999,824 74.86 2027 15 405,078 2.9 21,404,184 3.7 52.84 26,663,316 65.82 Thereafter 41 1,816,370 13.1 102,933,067 18.0 56.67 141,886,025 78.12 Building management use 22 147,522 1.1 — — — — — Signed leases not commenced(5) 26 574,841 4.2 34,221,473 6.0 59.53 45,368,737 78.92 TOTAL/WEIGHTED AVERAGE(6) 853 13,825,513 100.0% $ 572,263,481 100.0% $ 48.87 $ 680,867,170 $ 58.14 (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 December 31, 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 December 31, 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 December 31, 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 December 31, 2018. (4) Does not include existing tenants expected to expire by January 31, 2019 at One Westside (formerly part of Westside Pavilion). (5) 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 December 31, 2018 and is calculated as (i) base rental payments (defined as cash base rents (before abatements)) under uncommenced leases for vacant space as of December 31, 2018, divided by (ii) square footage under uncommenced leases as of December 31, 2018. (6) Total expiring square footage does not include 27,888 square feet of month-to-month leases. Page 42 of 46

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

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 issued in December 2018 on FFO approved by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”). The White Paper defines FFO as net income or loss calculated in accordance with generally accepted accounting principles in the United States (“GAAP”), excluding gains and losses from sales of depreciable real estate, gains and losses from sale of certain real estate assets 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. In the December 2018 White Paper, NAREIT, provided an option to include value changes in mark-to-market equity securities in the calculation of FFO. We elected this option, retroactively during fourth quarter 2018. 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 44 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Definitions (continued) Shares of Common Stock/Units Outstanding at End of Period: Represents shares of common stock (including unvested restricted shares and unvested operating partnership performance units), OP units outstanding and an estimate for our dilutive Outperformance Programs ("OPPs," or individually, "OPP"), including stock grants under our 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 joint venture that owns the One Westside and 10850 Pico properties, debt due to joint venture partner related to our Ferry Building property and unamortized deferred financing costs and loan discounts. The full amount of debt related to the Hill7 joint venture is included. 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 2016 OPP, 2017 OPP and 2018 OPP stock grants and one-time retention award grants. Page 45 of 46

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2018 Reconciliation of Net Income to Net Operating Income Unaudited, in thousands Three Months Ended Twelve Months Ended December 31, 2018 December 31, 2018 2018 2017 2018 2017 Net Income $ 19,257 $ 48,944 $ 111,781 $ 94,561 Adjustments: Interest expense 23,202 23,951 83,167 90,037 Interest income (1,225) (7) (1,718) (97) Unrealized gain on non-real estate investment — — (928) — Unrealized (gain) loss on ineffective portion of derivative instruments — (12) — 70 Transaction-related expenses 252 — 535 598 Other income (74) (336) (822) (2,992) Gains on sale of real estate — (28,708) (43,337) (45,574) General and administrative 14,980 13,130 61,027 54,459 Depreciation and amortization 67,520 66,230 251,003 283,570 NET OPERATING INCOME $ 123,912 $ 123,192 $ 460,708 $ 474,632 NET OPERATING INCOME BREAKDOWN Same-store office cash revenues $ 106,885 $ 100,011 $ 383,505 $ 363,920 Straight-line rent 3,524 6,800 10,860 11,274 Amortization of above-market and below-market leases, net 2,206 3,378 8,624 13,634 Amortization of lease incentive costs (351) (314) (1,319) (1,099) Same-store office revenues 112,264 109,875 401,670 387,729 Same-store studios cash revenues 21,441 17,865 49,857 48,628 Straight-line rent 396 200 1,219 (247) Same-store studio revenues 21,837 18,065 51,076 48,381 Same-store revenues 134,101 127,940 452,746 436,110 Same-store office cash expenses 36,080 33,943 129,341 118,443 Amortization of above-market and below-market ground leases, net 575 575 2,299 2,311 Same-store office expenses 36,655 34,518 131,640 120,754 Same-store studio cash expenses 12,048 9,792 26,665 26,269 Same-store studio expenses 12,048 9,792 26,665 26,269 Same-store expenses 48,703 44,310 158,305 147,023 Same-store net operating income 85,398 83,630 294,441 289,087 Non-same-store net operating income 38,514 39,562 166,267 185,545 NET OPERATING INCOME $ 123,912 $ 123,192 $ 460,708 $ 474,632 Page 46 of 46

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