EX-99.2 3 q22019ex992.htm EXHIBIT 99.2

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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, the Pacific Northwest and Western Canada; 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 filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by Hudson Pacific Properties, Inc. from time to time with the SEC. 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.” Non-GAAP Measures This Supplemental Information includes non-GAAP financial measures, which are accompanied by what the Company considers the most directly comparable financial measures calculated and presented in accordance with GAAP. Quantitative reconciliations of the differences between the most directly comparable GAAP financial measures and the non-GAAP financial measures presented are provided within this Supplemental Information. Definitions of these non-GAAP financial measures can be found in the Definitions section of this Supplemental starting on page 51. The Company also presents the “Company’s Share” of certain of these measures, which are non-GAAP financial measures that are calculated as the consolidated amount calculated in accordance with GAAP, plus the Company’s share of the amount from the Company’s unconsolidated joint ventures (calculated based upon the Company’s percentage ownership interest), minus the Company’s partners’ share of the amount from the Company’s consolidated joint ventures (calculated based upon the partners’ percentage ownership interests). Management believes that presenting the “Company’s Share” of these measures provides useful information to investors regarding the Company’s financial condition and/or results of operations because the Company has several significant joint ventures, and in some cases the Company exercises significant influence over, but does not control, the joint venture, in which case GAAP requires that the Company account for the joint venture entity using the equity method of accounting and the Company does not consolidate it for financial reporting purposes. In other cases, GAAP requires that the Company consolidate the joint venture even though the Company’s partner(s) owns a significant percentage interest. As a result, management believes that presenting the Company’s Share of various financial measures in this manner can help investors better understand the Company’s financial condition and/or results of operations after taking into account its true economic interest in these joint ventures. 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Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 14 Same-Store Property Performance—Consolidated 15 Same-Store Property Performance—Company's Share 17 Net Operating Income Detail (NOI) 19 Debt Summary 21 Capital Structure 23 Unsecured and Secured Debt Maturities, Composition and Covenant 24 Compliance Operational and Portfolio Information 26 In-Service Office Properties 27 In-Service Office Properties by Location 30 Studio Properties 32 Land Properties 33 Corporate Headquarters: Redevelopment, Development and Held For Sale Properties 34 th Under Construction and Future Value Creation Projects 35 11601 Wilshire Boulevard, 9 Floor, Los Angeles, CA 90025 (310) 445-5700 Value Creation Project Images—Recently Completed, Under Construction and 37 Planned Office Tenant Industry Diversification 38 Website: Fifteen Largest Office Tenants 39 Office Property Leasing Activity 41 HudsonPacificProperties.com Commenced Office Leases with Non-Recurring Upfront Abatements 42 Uncommenced Office Leases—Next Eight Quarters 43 NYSE Trading Symbol: Backfilled Office Leases—Next Eight Quarters 44 HPP Expiring Office Leases—Next Eight Quarters 46 Expiring Office Leases—Annual 49 Investor Relations: Definitions and Reconciliations 50 Laura Campbell Definitions 51 Senior Vice President, Investor Relations and Marketing (310) 622-1702 Reconciliation of Net Income (Loss) to Net Operating Income 53 Reconciliation of Net Income (Loss) to Company's Share of Net Operating 54 Income Total Revenues Components 55 Page 3 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Executive Summary Hudson Pacific Properties acquires, redevelops and develops creative office Studio Highlights and studio properties in the West Coast tech and media epicenters of Los • Trailing 12-month occupancy for the three same-store studio properties was Angeles, Silicon Valley, San Francisco, Seattle and Vancouver. We are the 92.6% leading institutional owner of office space in Silicon Valley, the largest independent owner/operator of studios in Los Angeles, and our portfolio • Net operating income and cash net operating income for the three same- totals over 20 million square feet, including land for development, in our core store studio properties decreased 8.2% and 9.3%, respectively markets. Our top-tier assets combined with our leasing and management Acquisitions expertise have enabled us to cultivate a tenant base of premier blue-chip • Purchased Bentall Centre, a 1.45 million-square-foot office and retail and growth companies, like Google and Netflix. Our strategic focus is value complex (and associated development rights) in Downtown Vancouver creation through less capital- and time-intensive repositionings and through previously announced Hudson Pacific/Blackstone Property Partners redevelopments, although our deep in-house expertise allows us to execute joint venture on a full range of opportunities—from incremental lease-up to cutting-edge new construction. • Funded a $20.5 million deposit in accordance with contract to purchase for $86.0 million (before credits, prorations and closing costs) the condominium Financials (Compared to Second Quarter 2018) rights to build Washington 1000, an approximately 538,000-square-foot office tower adjacent to the Washington State Convention Center expansion project • Net income attributable to common stockholders of $9.8 million ($0.06 in Seattle's Denny Triangle neighborhood per diluted share) compared to $16.2 million ($0.10 per diluted share) Financings • FFO, excluding specified items, of $75.5 million ($0.48 per diluted share) compared to $71.6 million ($0.46 per diluted share) • Completed additional public offering of $150.0 million of registered senior notes under the same indenture, and with substantially identical terms as the • Total revenue increased 12.3% to $196.7 million $350.0 million issuance in February 2019 Office Highlights Dividends • Executed 79 new and renewal leases totaling 504,613 square feet, with • Declared and paid a quarterly dividend of $0.25 per share on common stock GAAP and cash rent growth of 48.2% and 27.1%, respectively, including: Post-Quarter Highlights ◦ 54,910-square-foot lease at Concourse with Heritage Bank of Commerce through July 2030 • Sold Campus Center improvements for $70.3 million (before credits, prorations and closing costs) and Campus Center land for $78.1 million ◦ 41,354-square-foot, 10-year lease with Google at the Ferry (before credits, prorations and closing costs) Building Guidance ◦ 34,998-square-foot lease extension with Quinn Emanuel Urquhart & Sullivan at 555 Twin Dolphin through May 2027 • Increased and narrowed full-year 2019 FFO guidance to $1.98 to $2.04 per diluted share, excluding specified items • Stabilized and in-service office portfolio was 96.6% and 94.5% leased, respectively Conference Call Information: • Net operating income and cash net operating income for the 32 same- store properties increased 12.7% and 11.1%, respectively Wednesday, July 31, 2019 at 11:00 AM PST / 2:00 PM EST (877) 407-0784 (U.S.) | (201) 689-8560 (International) Page 4 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Corporate Data(1) Unaudited, in thousands, except per share data June 30, March 31, December 31, September 30, June 30, 2019 2019 2018 2018 2018 Number of office properties owned 53 52 52 51 50 Office square feet(2) 15,321,814 13,866,793 13,853,401 13,498,837 13,336,940 Stabilized office leased rate as of end of period(3) 96.6% 95.2% 95.4% 94.6% 93.6% In-service office leased rate as of end of period(4) 94.5% 92.9% 93.0% 91.4% 89.7% Number of studio properties owned 3 3 3 3 3 Same-store studio square feet(2)(5) 1,171,707 1,171,707 1,171,707 1,204,927 873,002 Same-store studio leased rate as of end of period(6) 92.6% 92.4% 91.6% 88.9% 89.6% Non-same-store studio square feet(2) 52,696 52,696 52,696 41,496 373,421 Non-same-store studio leased rate as of end of period(7) 100.0% 100.0% 100.0% 100.0% 80.6% Number of land properties owned(8) 8 6 6 6 6 Land properties estimated square feet(8) 3,627,726 2,639,562 2,639,562 2,639,562 2,639,562 Total portfolio square feet 20,173,943 17,730,758 17,717,366 17,384,822 17,222,925 Company’s Share of Debt(9) $ 2,910,690 $ 2,699,602 $ 2,604,746 $ 2,314,884 $ 2,345,017 Company’s Share of Market Capitalization(9)(10) $ 8,158,747 $ 8,106,133 $ 7,157,173 $ 7,494,193 $ 7,950,977 Company’s Share of Debt/Company’s Share of Market Capitalization(10) 35.7% 33.3% 36.4% 30.9% 29.5% Share data: FFO(10), excluding specific items, per common stock/unit—diluted(11)(12) $ 0.48 $ 0.49 $ 0.49 $ 0.47 $ 0.46 Range of closing prices(11) $ 32.54 - 35.34 $ 27.53 - 34.72 $ 27.42 - 32.72 $ 31.31 - 35.68 $ 31.13 - 36.00 Closing price at quarter end $ 33.27 $ 34.42 $ 29.06 $ 32.72 $ 35.43 Weighted Average Fully Diluted Common Stock/Units Outstanding(10) 156,175 155,870 155,716 157,238 157,159 Shares of Common Stock/Units Outstanding at End of Period(10) 157,741 157,075 156,656 158,292 158,226 (1) Represents 100% share of consolidated and unconsolidated joint ventures, except with respect to the Company’s Share of debt, market capitalization, and the quotient of those amounts. (2) 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. (3) Stabilized office leased rate excludes the lease-up, land, redevelopment, development and held for sale properties described on pages 27, 33 and 34. (4) In-service office leased rate includes the stabilized office and lease-up properties described on page 27 and 28. (5) Same-store studio defined as all properties owned and included in our studio portfolio as of April 1, 2018 and still owned and included in our studio portfolio as of June 30, 2019. Same-store studio square feet excludes 33,220 square feet related to Building 70 taken off-line during fourth quarter 2018. (6) Percent leased for same-store studio is the average percent leased for the 12 months ended as of the quarter indicated. (7) Percent leased as of June 30, 2019 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 7, 2018 and 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. (8) 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. Includes land held for sale and the pending purchase of Washington 1000. (9) See capital structure on page 23 for additional detail. (10) See definitions starting on page 51. (11) For the quarter indicated. (12) In December 2018, the National Association of Real Estate Investment Trusts (“NAREIT”) issued a FFO White Paper providing 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 of unrealized gain on unconsolidated non-real estate investments, accounted for using the cost method approach, 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 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 Lammas Chief Operating Officer, Chief Financial Laura Campbell Officer and Treasurer Senior Vice President, Investor Relations and Marketing Alex Vouvalides Chief Investment Officer Derric DuBourdieu Senior Vice President, Leasing Christopher Barton Executive Vice President, Development and Drew B. Gordon Capital Improvements Senior Vice President, Northern California Joshua A. 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 Chuck We Senior Vice President, Western Canada Page 6 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 Christy Haubegger Chairman of the Board, Chief Executive Officer Executive Vice President and Chief and President, Hudson Pacific Properties, Inc. Enterprise Inclusion Officer, WarnerMedia Theodore R. Antenucci Mark D. Linehan President and Chief Executive Officer, President and Chief Executive Officer, Catellus Development Corporation Wynmark Company Richard B. Fried Robert M. Moran, Jr. Managing Member, Farallon Capital Co-Founder and Co-Owner, FJM Management, L.L.C. Investments LLC Jonathan M. Glaser Barry A. Porter Managing Member, JMG Capital Management Managing General Partner, Clarify LLC Partners L.P. Robert L. Harris II Andrea Wong Executive Chairman (retired), Acacia Research President (retired), International Corporation Production, Sony Pictures Television Page 7 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 | Upal Rana Vikram Malhotra (212) 526-2306 | (212) 526-4887 (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 Green Street Advisors SMBC Nikko Securities Daniel Ismail Richard Anderson (949) 640-8780 (646) 521-2351 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 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Financial Information

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Consolidated Balance Sheets In thousands, except share data June 30, 2019 December 31, 2018 (Unaudited) ASSETS Investment in real estate, net $ 6,296,023 $ 6,363,906 Cash and cash equivalents 48,172 53,740 Restricted cash 13,375 14,451 Accounts receivable, net 13,805 14,004 Straight-line rent receivables, net 170,928 142,369 Deferred leasing costs and lease intangible assets, net 299,250 279,896 U.S. Government securities 142,761 146,880 Operating lease right-of-use asset 270,943 — Prepaid expenses and other assets, net 66,074 55,633 Investment in unconsolidated real estate entity 65,495 — Assets associated with real estate held for sale 99,840 — TOTAL ASSETS $ 7,486,666 $ 7,070,879 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 2,834,785 $ 2,623,835 In-substance defeased debt 136,636 138,223 Joint venture partner debt 66,136 66,136 Accounts payable, accrued liabilities and other 241,990 175,300 Operating lease liability 273,883 — Lease intangible liabilities, net 37,833 45,612 Security deposits and prepaid rent 61,788 68,687 Liabilities associated with real estate held for sale 104 — Total liabilities 3,653,155 3,117,793 Redeemable preferred units of the operating partnership 9,815 9,815 Redeemable non-controlling interest in consolidated real estate entities 114,917 113,141 Equity Hudson Pacific Properties, Inc. stockholders’ equity Common stock, $0.01 par value, 490,000,000 authorized, 154,396,755 shares and 154,371,538 shares outstanding at June 30, 2019 1,543 1,543 and December 31, 2018, respectively Additional paid-in capital 3,450,155 3,524,502 Accumulated other comprehensive income 1,279 17,501 Accumulated deficit (31,355) — Total Hudson Pacific Properties, Inc. stockholders’ equity 3,421,622 3,543,546 Non-controlling interest—members in consolidated entities 268,158 268,246 Non-controlling interest—units in the operating partnership 18,999 18,338 Total equity 3,708,779 3,830,130 TOTAL LIABILITIES AND EQUITY $ 7,486,666 $ 7,070,879 Page 10 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Consolidated Statements of Operations Unaudited, in thousands, except share data Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 REVENUES Office Rental(1) $ 172,256 $ 129,732 $ 342,453 $ 259,814 Tenant recoveries(1) — 21,960 — 42,864 Service revenues(1) 6,791 6,858 12,452 12,404 Total office revenues 179,047 158,550 354,905 315,082 Studio Rental(1) 14,521 10,708 26,915 21,091 Tenant recoveries(1) — 500 — 854 Service revenue and other(1) 3,088 5,411 12,225 12,260 Total studio revenues 17,609 16,619 39,140 34,205 Total revenues 196,656 175,169 394,045 349,287 OPERATING EXPENSES Office operating expenses 60,896 53,940 121,711 107,180 Studio operating expenses 9,539 8,539 20,648 18,203 General and administrative 18,344 16,203 36,438 31,767 Depreciation and amortization 69,606 60,706 138,111 121,259 Total operating expenses 158,385 139,388 316,908 278,409 OTHER (EXPENSE) INCOME Loss from unconsolidated real estate investments (85) — (85) — Interest expense (26,552) (19,331) (50,902) (39,834) Interest income 1,008 66 2,032 75 Transaction-related expenses — — (128) (118) Other income 181 319 75 723 Unrealized gain on non-real estate investment — 928 — 928 Gains on sale of real estate — 1,928 — 39,602 Impairment loss — — (52,201) — Total other (expense) income (25,448) (16,090) (101,209) 1,376 Net income (loss) 12,823 19,691 (24,072) 72,254 Net income attributable to preferred units (153) (153) (306) (312) Net income attributable to participating securities (48) (110) (356) (437) Net income attributable to non-controlling interest in consolidated real estate entities (3,317) (3,167) (6,138) (6,490) Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 558 — 1,158 — Net (income) loss attributable to non-controlling interest in the operating partnership (77) (59) 108 (236) NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 9,786 $ 16,202 $ (29,606) $ 64,779 BASIC AND DILUTED PER SHARE AMOUNTS Net income (loss) attributable to common stockholders—basic $ 0.06 $ 0.10 (0.19) 0.42 Net income (loss) attributable to common stockholders—diluted $ 0.06 $ 0.10 (0.19) 0.41 Weighted average shares of common stock outstanding—basic 154,384,586 155,636,636 154,390,340 155,631,375 Weighted average shares of common stock outstanding—diluted 154,687,261 156,590,227 154,390,340 156,563,966 (1) We adopted a new accounting standard that required a change in our presentation of revenues. Refer to page 55 for details of our revenue components. Page 11 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Funds from Operations(1) Unaudited, in thousands, except per share data Three Months Ended Quarter To Date June 30, 2019 March 31, 2019 December 31, 2018 September 30, 2018 June 30, 2018 NET INCOME (LOSS) $ 12,823 $ (36,895) $ 19,257 $ 20,270 $ 19,691 Adjustments: Depreciation and amortization—Consolidated 69,606 68,505 67,520 62,224 60,706 Depreciation and amortization—Corporate-related (530) (523) (530) (497) (489) Depreciation and amortization—Company’s Share from unconsolidated real estate investment 563 — — — — Gains on sale of real estate — — — (3,735) (1,928) Impairment loss — 52,201 — — — Unrealized gain on non-real estate investment(2) — — — — (928) FFO attributable to non-controlling interests (6,831) (6,738) (7,312) (5,019) (5,316) FFO attributable to preferred units (153) (153) (153) (153) (153) FFO to common stockholders and unitholders 75,478 76,397 78,782 73,090 71,583 Specified items impacting FFO: Transaction-related expenses — 128 252 165 — Lease termination non-cash write-off — — (3,039) — — One-time debt extinguishment cost — 143 — — — FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ $ $ $ $ STOCKHOLDERS AND UNITHOLDERS 75,478 76,668 75,995 73,255 71,583 Weighted average common stock/units outstanding—diluted 156,175 155,870 155,716 157,238 157,159 FFO per common stock/unit—diluted $ 0.48 $ 0.49 $ 0.51 $ 0.46 $ 0.46 FFO (excluding specified items) per common stock/unit—diluted $ 0.48 $ 0.49 $ 0.49 $ 0.47 $ 0.46 Page 12 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Funds from Operations (continued) Unaudited, in thousands, except per share data Six Months Three Months Twelve Months Nine Months Six Months Ended Ended Ended Ended Ended Year To Date June 30, 2019 March 31, 2019 December 31, 2018 September 30, 2018 June 30, 2018 NET (LOSS) INCOME $ (24,072) $ (36,895) $ 111,781 $ 92,524 $ 72,254 Adjustments: Depreciation and amortization—Consolidated 138,111 68,505 251,003 183,483 121,259 Depreciation and amortization—Corporate-related (1,053) (523) (2,000) (1,470) (973) Depreciation and amortization—Company’s Share from unconsolidated real estate investment 563 — — — — Gains on sale of real estate — — (43,337) (43,337) (39,602) Impairment loss 52,201 52,201 — — — Unrealized gain on non-real estate investment(2) — — (928) (928) (928) FFO attributable to non-controlling interests (13,569) (6,738) (22,978) (15,666) (10,647) FFO attributable to preferred units (306) (153) (618) (465) (312) FFO to common stockholders and unitholders 151,875 76,397 292,923 214,141 141,051 Specified items impacting FFO: Transaction-related expenses 128 128 535 283 118 Lease termination non-cash write-off — — (3,039) — — One-time debt extinguishment cost 143 143 421 421 421 FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ $ $ $ $ STOCKHOLDERS AND UNITHOLDERS 152,146 76,668 290,840 214,845 141,590 Weighted average common stock/units outstanding—diluted 156,091 155,870 156,266 157,198 157,133 FFO per common stock/unit—diluted $ 0.97 $ 0.49 $ 1.87 $ 1.36 $ 0.90 FFO (excluding specified items) per common stock/unit—diluted $ 0.97 $ 0.49 $ 1.86 $ 1.37 $ 0.90 (1) See definitions starting on page 51. (2) During second quarter 2018, we recognized a $928 unrealized gain on a unconsolidated non-real estate investment accounted for using the cost method approach. In December 2018, NAREIT issued a FFO White Paper providing an option to include these mark-to-market adjustments in our calculation of FFO. During fourth quarter 2018, we elected this option retroactively. Page 13 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Adjusted Funds from Operations(1) Unaudited, in thousands Three Months Ended Quarter To Date June 30, 2019 March 31, 2019 December 31, 2018 September 30, 2018 June 30, 2018 FFO $ 75,478 $ 76,397 $ 78,782 $ 73,090 $ 71,583 Adjustments: Straight-line rent, net (9,779) (15,111) (9,579) (7,455) (7,751) Amortization of above-market and below-market leases, net (2,885) (3,895) (6,168) (3,189) (3,216) Amortization of above-market and below-market ground leases, net 604 605 605 591 592 Amortization of lease incentive costs 416 301 404 323 359 Amortization of deferred financing costs and loan discounts/premiums, net 1,445 1,576 1,423 1,418 1,420 Recurring capital expenditures, tenant improvements and lease ) ) ) ) ) commissions (26,144 (55,311 (32,707 (17,378 (37,354 Non-cash compensation expense 5,067 5,150 4,109 4,292 4,289 AFFO $ 44,202 $ 9,712 $ 36,869 $ 51,692 $ 29,922 Dividends paid to common stock and unitholders $ 39,137 $ 40,427 $ 38,950 $ 39,351 $ 39,351 AFFO payout ratio 88.5% 416.3% 105.6% 76.1% 131.5% Six Months Three Months Twelve Months Nine Months Six Months Ended Ended Ended Ended Ended Year To Date June 30, 2019 March 31, 2019 December 31, 2018 September 30, 2018 June 30, 2018 FFO $ 151,875 $ 76,397 $ 292,923 $ 214,141 $ 141,051 Adjustments: Straight-line rent, net (24,890) (15,111) (34,557) (24,978) (17,523) Amortization of above-market and below-market leases, net (6,780) (3,895) (16,369) (10,201) (7,012) Amortization of above-market and below-market ground leases, net 1,209 605 2,412 1,807 1,216 Amortization of lease incentive costs 717 301 1,364 960 637 Amortization of deferred financing costs and loan discounts/premiums, net 3,021 1,576 5,904 4,481 3,063 Recurring capital expenditures, tenant improvements and lease ) ) ) ) ) commissions (81,455 (55,311 (113,026 (80,319 (62,941 Non-cash compensation expense 10,217 5,150 17,028 12,919 8,627 AFFO $ 53,914 $ 9,712 $ 155,679 $ 118,810 $ 67,118 Dividends paid to common stock and unitholders $ 79,564 $ 40,427 $ 157,003 $ 118,059 $ 78,705 AFFO payout ratio 147.6% 416.3% 100.9% 99.4% 117.3% (1) See definitions starting on page 51. Page 14 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Same-Store Property Performance—Consolidated Unaudited, in thousands, except number of properties and square feet SAME-STORE STATISTICS Three Months Ended June 30, Six Months Ended June 30, 2019 2018 % change 2019 2018 % change SAME-STORE OFFICE STATISTICS(1)(2) Number of properties 32 32 31 31 Rentable square feet 7,886,740 7,886,740 7,842,480 7,842,480 Ending % leased 96.0% 93.4% 2.6% 95.9% 93.4% 2.5% Ending % occupied 95.1% 92.6% 2.5% 95.1% 92.6% 2.5% Average % occupied for the period 94.1% 92.7% 1.4% 93.5% 92.8% 0.7% SAME-STORE STUDIO STATISTICS(3) Number of properties 3 3 3 3 Rentable square feet 1,171,707 1,171,707 1,171,707 1,171,707 Average % occupied for the period(4) 92.6% 88.1% 4.5% 92.6% 88.1% 4.5% SAME-STORE ANALYSIS—NET OPERATING INCOME Three Months Ended June 30, Six Months Ended June 30, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME(5) Total office revenues $ 118,251 $ 109,678 7.8% $ 231,829 $ 216,170 7.2% Total studio revenues 16,965 16,619 2.1 37,876 34,205 10.7 Same-store revenues 135,216 126,297 7.1 269,705 250,375 7.7 Total office expenses 33,833 34,780 (2.7) 69,045 68,049 1.5 Total studio expenses 9,544 8,539 11.8 20,527 18,203 12.8 Same-store expenses 43,377 43,319 0.1 89,572 86,252 3.8 Same-store office net operating income 84,418 74,898 12.7 162,784 148,121 9.9 NOI margin 71.4% 68.3% 3.1 70.2% 68.5% 1.7 Same-store studio net operating income 7,421 (6) 8,080 (6) (8.2) 17,349 (6) 16,002 (6) 8.4 NOI margin 43.7% 48.6% (4.9) 45.8% 46.8% (1.0) TOTAL SAME-STORE NET OPERATING INCOME $ 91,839 $ 82,978 10.7% $ 180,133 $ 164,123 9.8% NOI margin 67.9% 65.7% 2.2 66.8% 65.6% 1.2 Page 15 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Same-Store Property Performance—Consolidated (continued) Unaudited, in thousands, except number of properties and square feet SAME-STORE ANALYSIS—NET OPERATING INCOME (CASH BASIS) Three Months Ended June 30, Six Months Ended June 30, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME (CASH BASIS) Total office cash revenues $ 110,711 $ 103,950 6.5% $ 213,723 $ 204,136 4.7% Total studio cash revenues 16,655 16,376 1.7 37,215 33,775 10.2 Same-store cash revenues 127,366 120,326 5.9 250,938 237,911 5.5 Total office cash expenses 33,258 34,205 (2.8) 67,895 66,899 1.5 Total studio cash expenses 9,544 8,539 11.8 20,527 18,203 12.8 Same-store cash expenses 42,802 42,744 0.1 88,422 85,102 3.9 Same-store office net operating income (cash basis) 77,453 69,745 11.1 145,828 137,237 6.3 NOI margin 70.0% 67.1% 2.9 68.2% 67.2% 1.0 Same-store studio net operating income (cash basis) 7,111 (6) 7,837 (6) (9.3) 16,688 (6) 15,572 (6) 7.2 NOI margin 42.7% 47.9% (5.2) 44.8% 46.1% (1.3) SAME-STORE NET OPERATING INCOME (CASH BASIS) $ 84,564 $ 77,582 9.0% $ 162,516 $ 152,809 6.4% NOI margin 66.4% 64.5% 1.9 64.8% 64.2% 0.6 (1) Same-store office for the three months ended June 30, 2019 defined as all properties owned and included in our stabilized office portfolio as of April 1, 2018 and still owned and included in the stabilized office portfolio as of June 30, 2019. Same-store office for the six months ended June 30, 2019 defined as all properties owned and included in our stabilized office portfolio as of January 1, 2018 and still owned and included in the stabilized office portfolio as of June 30, 2019. (2) See page 27 for same-store office properties. (3) Same-store studio for the three months ended June 30, 2019 defined as all properties owned and included in our studio portfolio as of April 1, 2018 and still owned and included in our studio portfolio as of June 30, 2019. Same-store studio for the six months ended June 30, 2019 defined as all properties owned and included in our studio portfolio as of January 1, 2018 and still owned and included in our studio portfolio as of June 30, 2019. Same-store studio square feet excludes 6605 Eleanor Avenue and 1034 Seward Street, which were acquired on June 7, 2018, and 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. (4) Percent occupied for same-store studio is the average percent occupied for the 12 months ended June 30, 2019. (5) See page 53 for the reconciliation of net income to net operating income (NOI). (6) 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 first through third quarters of 2018. Page 16 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Same-Store Property Performance—Company’s Share Unaudited, in thousands, except number of properties and square feet SAME-STORE STATISTICS Three Months Ended June 30, Six Months Ended June 30, 2019 2018 % change 2019 2018 % change SAME-STORE OFFICE STATISTICS(1)(2) Number of properties 32 32 31 31 Rentable square feet 7,421,000 7,421,000 7,376,740 7,376,740 Ending % leased 95.7% 93.5% 2.2% 95.7% 93.5% 2.2% Ending % occupied 94.9% 92.6% 2.3% 94.8% 92.6% 2.2% Average % occupied for the period 94.1% 92.7% 1.4% 93.5% 92.8% 0.7% SAME-STORE STUDIO STATISTICS(3) Number of properties 3 3 3 3 Rentable square feet 1,171,707 1,171,707 1,171,707 1,171,707 Average % occupied for the period(4) 92.6% 88.1% 4.5% 92.6% 88.1% 4.5% SAME-STORE ANALYSIS—NET OPERATING INCOME Three Months Ended June 30, Six Months Ended June 30, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME(5) Total office revenues $ 111,572 $ 103,896 7.4% $ 218,770 $ 204,454 7.0% Total studio revenues 16,967 16,619 2.1 37,877 34,205 10.7 Same-store revenues 128,539 120,515 6.7 256,647 238,659 7.5 Total office expenses 31,924 32,921 (3.0) 65,266 64,351 1.4 Total studio expenses 9,545 8,538 11.8 20,527 18,203 12.8 Same-store expenses 41,469 41,459 — 85,793 82,554 3.9 Same-store office net operating income 79,648 70,975 12.2 153,504 140,103 9.6 NOI margin 71.4% 68.3% 3.1 70.2% 68.5% 1.7 Same-store studio net operating income 7,422 (6) 8,081 (6) (8.2) 17,350 (6) 16,002 (6) 8.4 NOI margin 43.7% 48.6% (4.9) 45.8% 46.8% (1.0) TOTAL SAME-STORE NET OPERATING INCOME $ 87,070 $ 79,056 10.1% $ 170,854 $ 156,105 9.4% NOI margin 67.7% 65.6% 2.1 66.6% 65.4% 1.2 Page 17 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Same-Store Property Performance—Company’s Share (continued) Unaudited, in thousands, except number of properties and square feet SAME-STORE ANALYSIS—NET OPERATING INCOME (CASH BASIS) Three Months Ended June 30, Six Months Ended June 30, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME (CASH BASIS) Total office cash revenues $ 108,086 $ 98,077 10.2% $ 206,314 $ 192,086 7.4% Total studio cash revenues 16,657 16,376 1.7 37,216 33,775 10.2 Same-store cash revenues 124,743 114,453 9.0 243,530 225,861 7.8 Total office cash expenses 31,349 32,346 (3.1) 64,116 63,201 1.4 Total studio cash expenses 9,545 8,538 11.8 20,527 18,203 12.8 Same-store cash expenses 40,894 40,884 — 84,643 81,404 4.0 Same-store office net operating income (cash basis) 76,737 65,731 16.7 142,198 128,885 10.3 NOI margin 71.0% 67.0% 4.0 68.9% 67.1% 1.8 Same-store studio net operating income (cash basis) 7,112 (6) 7,838 (6) (9.3) 16,689 (6) 15,572 (6) 7.2 NOI margin 42.7% 47.9% (5.2) 44.8% 46.1% (1.3) SAME-STORE NET OPERATING INCOME (CASH BASIS) $ 83,849 $ 73,569 14.0% $ 158,887 $ 144,457 10.0% NOI margin 67.2% 64.3% 2.9 65.2% 64.0% 1.2 (1) Same-store office for the three months ended June 30, 2019 defined as all properties owned and included in our stabilized office portfolio as of April1, 2018 and still owned and included in the stabilized office portfolio as of June 30, 2019. Same-store office for the six months ended June 30, 2019 defined as all properties owned and included in our stabilized office portfolio as of January 1, 2018 and still owned and included in the stabilized office portfolio as of June 30, 2019. (2) See page 27 for same-store office properties. (3) Same-store studio for the three months ended June 30, 2019 defined as all properties owned and included in our studio portfolio as of April 1, 2018 and still owned and included in our studio portfolio as of June 30, 2019. Same-store studio for the six months ended June 30, 2019 defined as all properties owned and included in our studio portfolio as of January 1, 2018 and still owned and included in our studio portfolio as of June 30, 2019. Same-store studio square feet excludes 6605 Eleanor Avenue and 1034 Seward Street, which were acquired on June 7, 2018, and 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. (4) Percent occupied for same-store studio is the average percent occupied for the 12 months ended June 30, 2019. (5) See page 53 for the reconciliation of net income to net operating income (NOI). (6) Building 70 at Sunset Gower Studios was taken off-line during fourth quarter 2018. Net operating income related to Building 70 is included for first through third quarters of 2018. Page 18 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Net Operating Income Detail (NOI) Three Months Ended June 30, 2019 | Unaudited, in thousands Same-Store Same-Store Non-Same- Non-Same- Redevelopment Office Studio Store Office Store Studio /Development Lease-Up Held-for- Sold/Other Total Properties(1) Properties(2) Properties(3) Properties(2) Properties(4) Properties(3) Sale(4) Properties Properties REVENUE Cash rent $ 87,592 $ 12,302 $ 30,200 $ 551 $ (10) $ 14,852 $ — $ (8) $ 145,479 Cash tenant recoveries 18,106 1,442 5,110 (84) — 2,403 — — 26,977 Straight-line rent 5,971 319 4,236 — — 1,308 — — 11,834 Amortization of above-market and 1,927 — 731 — — 272 — — 2,930 below-market leases, net Amortization of lease incentive (358) (9) (49) — — (27) — — (443) Total rental revenue(5) 113,238 14,054 40,228 467 (10) 18,808 — (8) 186,777 Services revenue and other 5,013 2,911 1,347 177 — 164 — 267 9,879 Total revenue 118,251 16,965 41,575 644 (10) 18,972 — 259 196,656 OPERATING EXPENSES Property operating cash expenses 33,258 9,544 15,755 (5) (84) 9,529 983 475 69,455 Straight-line rent — — 365 — — — — — 365 Amortization of above-market and 575 — 38 — — 2 — — 615 below-market ground leases, net Total operating expenses 33,833 9,544 16,158 (5) (84) 9,531 983 475 70,435 TOTAL CONSOLIDATED NOI(5) $ 84,418 $ 7,421 $ 25,417 $ 649 $ 74 $ 9,441 $ (983) $ (216) $ 126,221 COMPANY’S SHARE OF NOI (6) FROM UNCONSOLIDATED REAL — — 679 — — — — — 679 ESTATE ENTITY TOTAL NOI ATTRIBUTABLE TO 4,650 (7) — 2,672 (8) — 22 (9) (5) (10) — — 7,339 NON-CONTROLLING INTERESTS Square feet(11) 7,886,740 1,171,707 2,645,040 52,696 992,227 1,871,220 1,417,930 — 16,037,560 Ending % leased 96.0% 92.4% 97.8% 100.0% 89.3 % 80.8% —% —% 85.3% Ending % occupied 95.1% 92.4% 96.9% 100.0% — % 70.5% —% —% 78.1% NOI margin 71.4% 43.7% 61.1% 100.8% (740.0)% 49.8% —% —% 64.2% RECONCILIATION TO CASH NOI TOTAL NOI $ 84,418 $ 7,421 $ 25,417 $ 649 $ 74 $ 9,441 $ (983) $ (216) $ 126,221 Straight-line rent, net (5,971) (319) (3,871) — — (1,308) — — (11,469) Amortization of above-market and (1,927) — (731) — — (272) — — (2,930) below-market leases, net Amortization of lease incentive 358 9 49 — — 27 — — 443 Amortization of above-market and 575 — 38 — — 2 — — 615 below-market ground leases, net TOTAL CONSOLIDATED CASH NOI $ 77,453 $ 7,111 $ 20,902 $ 649 $ 74 $ 7,890 $ (983) $ (216) $ 112,880 COMPANY’S SHARE OF CASH NOI (6) FROM UNCONSOLIDATED REAL — — 579 — — — — — 579 ESTATE ENTITY TOTAL CASH NOI ATTRIBUTABLE (7) (8) (9) (10) TO NON-CONTROLLING 3,473 — 2,056 — 22 (8) — — 5,543 INTERESTS Page 19 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Net Operating Income Detail (NOI) (continued) (1) See page 27 for same-store office for the three months ended June 30, 2019. (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, which were acquired on June 7, 2018, and 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. (3) See page 28 for non-same-store office and lease-up properties. (4) See page 34 for redevelopment, development and held for sale properties. (5) See page 53 and 54 for all non-GAAP NOI reconciliations and our breakout of rental components. (6) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. The amounts reflected have been converted from Canadian Dollars (“CAD”) to United States Dollars (“USD”) using the foreign currency exchange rate as of June 28, 2019. (7) We own 55% of the ownership interest in the consolidated joint venture that owns 1455 Market. (8) We own 55% of the ownership interest in the consolidated joint ventures that own Hill7 and Ferry Building. (9) We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. (10) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico. (11) Represents 100% ownership of our consolidated portfolio. Excludes square footage related to our unconsolidated joint venture, Bentall Centre. Page 20 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Debt Summary As of June 30, 2019 | Unaudited, in thousands Unsecured revolving credit facility Principal Contractual Annual Debt Balance at Undrawn Amount(1) Interest Rate(2)(3) Maturity Date(4) Service(1) Maturity Capacity Capacity Unsecured revolving credit facility $ 185,000 LIBOR + 1.05% to 1.50% 3/13/2022 $ — $ 185,000 $ 600,000 $ 415,000 Unsecured term loans Principal Contractual Annual Debt Balance at Fixed Libor Amount(1) Interest Rate(2)(3) Maturity Date Service(1) Maturity (5) Unsecured Term loan A(6) $ 300,000 LIBOR + 1.20% to 1.70% 4/1/2020 (6) $ 8,000 $ 300,000 1.45% Unsecured Term loan B 350,000 LIBOR + 1.20% to 1.70% 4/1/2022 10,418 350,000 1.76% Unsecured Term loan D 125,000 LIBOR + 1.20% to 1.70% 11/17/2022 3,308 125,000 1.43% TOTAL $ 775,000 $ 21,726 $ 775,000 Unsecured private placement Principal Contractual Annual Debt Balance at Amount(1) Interest Rate(2) Maturity Date Service(1) Maturity Series A notes $ 110,000 4.34% 1/2/2023 $ 4,774 $ 110,000 Series E notes 50,000 3.66% 9/15/2023 1,830 50,000 Series B notes 259,000 4.69% 12/16/2025 12,147 259,000 Series D notes 150,000 3.98% 7/6/2026 5,970 150,000 Series C notes 56,000 4.79% 12/16/2027 2,682 56,000 TOTAL $ 625,000 $ 27,403 $ 625,000 Unsecured registered senior notes Principal Contractual Annual Debt Balance at Issuance Issue Price as Effective Amount(1) Interest Rate(2) Maturity Date Service(1) Maturity Date Percentage of par Yield 3.95% Registered senior notes $ 400,000 3.95% 11/1/2027 $ 15,800 $ 400,000 10/2/2017 99.815% 3.97% 4.65% Registered senior notes(7) 350,000 4.65% 4/1/2029 16,275 350,000 2/27/2019 98.663% 4.82% 4.65% Registered senior notes(7) 150,000 4.65% 4/1/2029 6,975 150,000 6/14/2019 104.544% 4.12% TOTAL $ 900,000 $ 39,050 $ 900,000 Page 21 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Debt Summary (continued) As of June 30, 2019 | Unaudited, in thousands Secured notes Principal Amount(1) Interest Rate(2) Contractual Maturity Date Annual Debt Service(1) Balance at Maturity Company’s Share Met Park North(8) $ 64,500 LIBOR + 1.55% 8/1/2020 $ 2,393 $ 64,500 $ 64,500 10950 Washington(9) 26,598 5.32% 3/11/2022 2,003 24,981 26,598 Sunset Bronson Studios/ICON/CUE(10) 5,001 LIBOR + 1.35% 3/1/2024 — 5,001 5,001 Element LA 168,000 4.59% 11/6/2025 7,716 168,000 168,000 Hill7(11) 101,000 3.38% 11/6/2028 3,414 101,000 55,550 TOTAL $ 365,099 $ 15,526 $ 363,482 $ 319,649 Other consolidated debt Principal Amount(1) Interest Rate(2) Contractual Maturity Date Annual Debt Service(1) Balance at Maturity Company’s Share In-substance defeased debt(12) $ 136,636 4.47% 10/1/2022 $ 9,391 $ 125,489 $ 102,477 Joint venture debt(13) $ 66,136 4.50% 10/9/2028 $ 2,976 $ 66,136 $ — Unconsolidated debt Principal Amount(1) Interest Rate(2) Contractual Maturity Date Annual Debt Service(1) Balance at Maturity Company’s Share Bentall Centre(14) $ 481,131 LIBOR + 1.75% 7/1/2024 $ — $ 481,131 $ 96,226 (1) See definitions starting on page 51. (2) Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. (3) The Company has an option to make an irrevocable election to change the interest rate depending on the Company’s credit rating or a specified base rate plus an applicable margin. As of June 30, 2019, no such election had been made. (4) The maturity date may be extended once for an additional one-year term. (5) The interest rate on the outstanding balance has been effectively fixed through the use of interest rate swaps. (6) The maturity date may be extended twice, each time for an additional one-year term. (7) The 4.65% registered senior notes serve as a part of one series under a single indenture. (8) 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. (9) Monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule with a balloon payment at maturity. (10) We have a total capacity of $235.0 million under our Sunset Bronson Studios/ICON/CUE revolving credit facility. This loan is secured by the Company’s ICON, CUE and Sunset Bronson Studios properties. (11) We own 55% of the ownership interest in the consolidated joint venture that owns Hill7. 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. (12) We own 75% of the ownership interest in the consolidated joint venture that owns One Westside and 10850 Pico. 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. (13) This amount relates to debt attributable 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. (14) We own 20% of the ownership interest in the unconsolidated real estate investment that owns Bentall Centre. The loan was transacted in CAD. The principal balance shown is in USD using the foreign currency exchange rate as of June 28, 2019. The interest on the full amount has been effectively capped at 5.25% per annum through the use of an interest rate cap. Page 22 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Capital Structure As of June 30, 2019 | Unaudited, in thousands, except share data and percentages Aggregate Principal Amount or $ Shares/Units Equivalent Unsecured revolving credit facility $ 185,000 Unsecured term loans 775,000 Unsecured private placement 625,000 Unsecured registered senior notes 900,000 Secured debt 365,099 Total Consolidated Unsecured and Secured Debt(1) 2,850,099 Add: Series A preferred units 392,598 9,815 Total Consolidated Debt(1) 2,859,914 Add: Company’s Share of unconsolidated joint venture debt(2) 96,226 Less: Partner’s Share of consolidated debt(3) (45,450) Company’s Share of Debt(1) 2,910,690 EQUITY Common stock 154,396,755 $ 5,136,780 Operating partnership units 720,773 23,980 Restricted stock and units 1,233,251 41,030 Dilutive shares(1) 1,390,645 46,267 TOTAL EQUITY 157,741,424 $ 5,248,057 (4) CONSOLIDATED MARKET CAPITALIZATION(1) $ 8,107,971 COMPANY’S SHARE OF MARKET CAPITALIZATION(1) $ 8,158,747 CONSOLIDATED DEBT/CONSOLIDATED MARKET CAPITALIZATION 35.3% COMPANY’S SHARE OF DEBT/COMPANY’S SHARE OF MARKET CAPITALIZATION 35.7% (1) See definitions starting on page 51. (2) Amount is calculated based on our percentage ownership interest in our unconsolidated joint venture entity. The amounts reflected have been converted from CAD to USD using the foreign currency exchange rate as of June 28, 2019 (3) Amount is calculated based on the outside partner’s percentage ownership interest in the consolidated joint venture entities. (4) Amount is calculated based on June 28, 2019 closing price at $33.27 per share of common stock. Page 23 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance Unaudited, in thousands DEBT COMPOSITION DEBT COVENANT COMPLIANCE Weighted Average Actual % of Total Interest Years to Covenant Performance Amount Debt Rate(2) Maturity UNSECURED REVOLVING CREDIT FACILITY, TERM LOAN AND PRIVATE PLACEMENT(5) COMPANY’S SHARE OF SECURED AND UNSECURED DEBT(1) Total liabilities to total asset value ≤ 60% 37.8% Unsecured debt $ 2,485,000 85.7% 3.8% 5.7 Secured debt 415,875 14.3 4.1% 5.4 Unsecured indebtedness to unencumbered asset value ≤ 60% 45.0% TOTAL $ 2,900,875 100.0% Adjusted EBITDA to fixed charges ≥ 1.5x 3.7x Secured indebtedness to total asset value ≤ 45% 5.9% COMPANY’S SHARE OF FLOATING AND FIXED-RATE DEBT Unencumbered NOI to unsecured interest expense ≥ 2.0x 3.5x Floating-rate debt $ 286,227 9.9% 3.6% 2.5 (6) Fixed-rate debt(3) 2,614,648 90.1 3.8% 5.9 UNSECURED REGISTERED SENIOR NOTES TOTAL $ 2,900,875 100.0% Debt to total assets ≤ 60% 38.2% Total unencumbered assets to unsecured debt ≥ 150% 243.8% Weighted average stated interest rate(2) 3.8% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 3.8x GAAP effective rate including unamortized deferred 4.0% financing costs and loan discounts/premiums(4) Secured debt to total assets ≤ 40% 5.9% Page 24 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance (continued) (1) Includes the Company’s Share of principal amortization and maturities, based on contractual maturity dates, excluding: (i) in-substance defeased debt related to One Westside and 10850 Pico, (ii) unamortized deferred financing costs and loan discounts/premiums, and (iii) debt due to Allianz, our partner in the joint venture that owns Ferry Building. The Bentall Centre loan was transacted in CAD, the amounts reflected are shown in USD using the foreign currency exchange rate as of June 28, 2019. We have a right to extend the maturity of our unsecured revolving credit facility by one year to March 13, 2023. We have a right to extend the maturity of term loan A twice, each time for an additional one-year term to April 1, 2024. (2) Rates as of June 30, 2019 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. Interest rate for the unsecured revolving credit facility includes the LIBOR rate as of June 30, 2019. (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 June 30, 2019 and include deferred financing costs and loan discounts/premiums. (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 June 30, 2019. As of June 30, 2019, 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 “3.95% Senior Notes”). On February 27, 2019, the operating partnership completed an underwritten public offering of $350.0 million of 4.65% Senior Notes, which were issued at 98.663% of par. On June 14, 2019, the operating partnership completed an underwritten public offering of $150.0 million of additional 4.65% Senior Notes, which were issued at a premium at 103.544% of par. The covenant and actual performance metrics above represent terms and definitions reflected in the indentures governing the 3.95% Senior Notes and 4.65% Senior Notes based on the financial results as of June 30, 2019. As of June 30, 2019, the operating partnership was in compliance with such indentures. Page 25 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Operational and Portfolio Information

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 92.4% 92.7% $ 3,663,756 $ 21.78 Met Park North Denny Triangle 190,748 95.8 95.8 5,478,154 29.99 411 First Pioneer Square 163,768 85.4 90.9 4,382,001 31.35 505 First Pioneer Square 288,140 100.0 100.0 6,873,993 23.87 83 King Pioneer Square 185,319 99.2 99.2 7,423,503 40.39 Subtotal 1,009,984 95.3 96.2 27,821,407 28.91 San Francisco Bay Area, California 1455 Market(6) San Francisco 1,034,977 99.2 99.2 50,764,984 49.43 275 Brannan San Francisco 54,673 100.0 100.0 3,459,968 63.28 625 Second San Francisco 138,094 100.0 100.0 8,630,541 62.50 875 Howard San Francisco 286,270 99.9 99.9 12,671,197 44.30 901 Market San Francisco 206,697 99.4 99.4 12,382,051 60.24 Rincon Center San Francisco 580,850 91.3 91.3 30,542,695 57.60 Towers at Shore Center Redwood Shores 334,483 84.1 93.1 18,490,142 65.72 Skyway Landing Redwood Shores 247,173 81.8 81.8 10,185,720 50.35 555 Twin Dolphin Redwood Shores 198,936 85.6 91.8 8,928,699 52.41 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 6,797,211 85.75 Foothill Research Center Palo Alto 195,376 62.9 62.9 8,667,588 70.50 Page Mill Center Palo Alto 176,245 99.9 99.9 12,788,159 72.60 Page Mill Hill Palo Alto 182,676 98.4 98.4 13,130,873 73.03 1740 Technology North San Jose 206,879 99.6 99.6 8,270,161 40.13 Concourse North San Jose 944,386 96.5 97.8 33,337,323 36.59 Skyport Plaza North San Jose 418,086 96.2 96.2 14,940,985 37.14 Subtotal 5,556,901 94.0 95.0 271,237,195 51.92 Los Angeles, California 6922 Hollywood Hollywood 205,523 98.4 98.4 10,221,588 50.52 6040 Sunset Hollywood 114,958 100.0 100.0 5,592,201 48.65 ICON Hollywood 325,757 100.0 100.0 18,874,176 57.94 604 Arizona(7) West Los Angeles 44,260 100.0 100.0 3,023,401 68.31 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 16,838,535 59.28 Del Amo Torrance 113,000 100.0 100.0 3,327,208 29.44 Subtotal 1,319,855 99.8 99.8 68,105,840 51.73 Total same-store 7,886,740 95.1 96.0 367,164,442 48.94 Page 27 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 Vancouver, British Columbia Bentall Centre(8) Downtown Vancouver 1,455,007 95.3 98.2 35,422,578 25.55 Subtotal 1,455,007 95.3 98.2 35,422,578 25.55 Greater Seattle, Washington Hill7(6) Denny Triangle 285,310 100.0 100.0 10,900,687 38.21 450 Alaskan Pioneer Square 170,974 95.4 95.4 6,419,780 39.36 Subtotal 456,284 98.3 98.3 17,320,467 38.63 San Francisco Bay Area, California Ferry Building(6) San Francisco 268,018 98.6 98.6 24,521,887 92.84 Palo Alto Square Palo Alto 333,254 98.5 98.5 27,211,730 82.87 Gateway North San Jose 609,093 96.9 98.1 23,001,404 38.97 Techmart Santa Clara 284,440 96.0 96.9 12,760,073 46.71 Subtotal 1,494,805 97.4 98.0 87,495,094 60.09 Los Angeles, California 11601 Wilshire West Los Angeles 500,475 93.3 95.9 21,210,578 45.42 Maxwell Downtown Los Angeles 99,090 99.2 99.2 4,818,976 49.01 CUE Hollywood 94,386 100.0 100.0 5,369,483 56.89 Subtotal 693,951 95.1 97.0 31,399,037 47.60 Total non-same-store 4,100,047 96.4 97.9 171,637,176 43.45 Total Stabilized 11,986,787 95.6 96.6 538,801,618 47.04 Company’s Share of Total Stabilized 10,108,044 95.3 96.3 471,679,155 48.95 LEASE-UP Greater Seattle, Washington 95 Jackson Pioneer Square 35,904 74.3 74.3 1,046,437 39.25 Subtotal 35,904 74.3 74.3 1,046,437 39.25 San Francisco Bay Area, California Metro Center Foster City 736,986 77.3 78.6 31,219,686 54.79 333 Twin Dolphin Redwood Shores 182,789 41.9 48.3 4,800,703 62.61 Shorebreeze Redwood Shores 230,932 78.2 91.6 10,602,025 58.67 Metro Plaza North San Jose 456,921 90.0 92.1 16,390,305 39.86 Subtotal 1,607,628 77.0 80.9 63,012,719 50.88 Los Angeles, California 10850 Pico(9) West Los Angeles 95,987 56.0 56.0 2,565,391 47.73 Fourth & Traction Downtown Los Angeles 131,701 — 100.0 — — Subtotal 227,688 23.6 81.5 2,565,391 47.73 Total lease-up 1,871,220 70.5 80.8 66,624,547 50.52 TOTAL IN-SERVICE 13,858,007 92.2% 94.5% $ 605,426,165 $ 47.40 COMPANY’S SHARE OF TOTAL 11,955,267 91.5% 93.9% $ 537,662,354 $ 49.14 IN-SERVICE Page 28 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 In-Service Office Properties(1) (continued) (1) In-service office excludes the land, redevelopment, development and held for sale properties described on pages 33 and 34. 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 June 30, 2019, 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 June 30, 2019, 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 June 30, 2019. Annualized base rent does not reflect tenant reimbursements. (5) Defined as all properties owned and included in our stabilized office portfolio as of April 1, 2018 and still owned and included in the stabilized office portfolio as of June 30, 2019. (6) We own 55% of the ownership interest in the consolidated joint ventures that own 1455 Market, Hill7, and Ferry Building. (7) 604 Arizona is not part of same-store office for the six months ended June 30, 2019. Same-store office for the six months ended June 30, 2019 is defined as all properties owned and included in our stabilized office portfolio as of January 1, 2018 and still owned and included in the stabilized office portfolio as of June 30, 2019. (8) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. Annualized base rent and rental rates have been converted from CAD to USD using the foreign currency exchange rate as of June 28, 2019. (9) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico. Page 29 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 In-Service Office Properties by Location(1) Square Occupied Percent Leased Percent Annualized Annualized Base Rent Properties Feet(2) Square Feet Occupied(3) Square Feet Leased(3) Base Rent(4) Per Square Foot(4) STABILIZED Vancouver, British Columbia Downtown Vancouver(5) 1 1,455,007 1,386,396 95.3% 1,428,248 98.2% $ 35,422,578 $ 25.55 Subtotal 1 1,455,007 1,386,396 95.3 1,428,248 98.2 35,422,578 25.55 Greater Seattle, Washington Lynnwood 1 182,009 168,228 92.4 168,661 92.7 3,663,756 21.78 Denny Triangle 2 476,058 468,002 98.3 468,002 98.3 16,378,841 35.00 Pioneer Square 4 808,201 774,695 95.9 783,703 97.0 25,099,277 32.40 Subtotal 7 1,466,268 1,410,925 96.2 1,420,366 96.9 45,141,874 31.99 San Francisco Bay Area, California San Francisco 7 2,569,579 2,505,767 97.5 2,505,767 97.5 142,973,323 57.06 Redwood Shores 3 780,592 653,979 83.8 696,486 89.2 37,604,561 57.50 Palo Alto 7 1,238,651 1,137,251 91.8 1,137,251 91.8 85,844,459 75.48 North San Jose 4 2,178,444 2,109,718 96.8 2,129,197 97.7 79,549,873 37.71 Santa Clara 1 284,440 273,193 96.0 275,481 96.9 12,760,073 46.71 Subtotal 22 7,051,706 6,679,908 94.7 6,744,182 95.6 358,732,289 53.70 Los Angeles, California Hollywood 4 740,624 737,411 99.6 737,411 99.6 40,057,448 54.32 West Los Angeles 6 1,061,092 1,027,621 96.8 1,040,814 98.1 51,301,245 49.92 Torrance 1 113,000 113,000 100.0 113,000 100.0 3,327,208 29.44 Downtown Los Angeles 1 99,090 98,320 99.2 98,320 99.2 4,818,976 49.01 Subtotal 12 2,013,806 1,976,352 98.1 1,989,545 98.8 99,504,877 50.35 Total Stabilized 42 11,986,787 11,453,581 95.6% 11,582,341 96.6% $ 538,801,618 $ 47.04 Company’s Share of 42 10,108,044 9,635,023 95.3% 9,730,302 96.3% $ 471,679,155 $ 48.95 Total Stabilized For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 29. (5) Annualized base rent and rental rates have been converted from CAD to USD using the foreign currency exchange rate as of June 28, 2019. Page 30 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 In-Service Office Properties by Location(1) (continued) Square Occupied Percent Leased Percent Annualized Annualized Base Rent Properties Feet(2) Square Feet Occupied(3) Square Feet Leased(3) Base Rent(4) Per Square Foot(4) LEASE-UP Greater Seattle, Washington Pioneer Square 1 35,904 26,661 74.3 26,661 74.3 1,046,437 39.25 Subtotal 1 35,904 26,661 74.3 26,661 74.3 1,046,437 39.25 San Francisco Bay Area, California Foster City 1 736,986 569,848 77.3 579,584 78.6 31,219,686 54.79 Redwood Shores 2 413,721 257,377 62.2 299,946 72.5 15,402,728 59.85 North San Jose 1 456,921 411,221 90.0 420,655 92.1 16,390,305 39.86 Subtotal 4 1,607,628 1,238,446 77.0 1,300,185 80.9 63,012,719 50.88 Los Angeles, California West Los Angeles 1 95,987 53,751 56.0 53,751 56.0 2,565,391 47.73 Downtown Los Angeles 1 131,701 — — 131,701 100.0 — — Subtotal 2 227,688 53,751 23.6 185,452 81.5 2,565,391 47.73 Total Lease-up 7 1,871,220 1,318,858 70.5 1,512,298 80.8 66,624,547 50.52 TOTAL IN-SERVICE 49 13,858,007 12,772,439 92.2% 13,094,639 94.5% $ 605,426,165 $ 47.40 Company’s Share of Total 49 11,955,267 10,940,444 91.5% 11,229,162 93.9% $ 537,662,354 $ 49.14 In-Service For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 29. Page 31 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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% 92.6% $ 17,977,917 $ 36.52 Sunset Bronson Studios 308,026 25.2 98.4 11,985,896 39.54 Sunset Las Palmas Studios 331,925 27.1 87.3 12,584,627 43.44 Total same-store studio(2) 1,171,707 95.7 92.6% (3) $ 42,548,440 (4) $ 39.21 (5) Sunset Las Palmas Studios(6) 52,696 4.3 100.0% Total non-same-store studio 52,696 4.3 100.0% (7) 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, 2018 and still owned and included in our portfolio as of June 30, 2019. (3) Percent leased for same-store studio is the average percent leased for the 12 months ended June 30, 2019. (4) Annual base rent for same-store studio reflects actual base rent for the 12 months ended June 30, 2019, 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 June 30, 2019. (6) The base rent for 6605 Eleanor Avenue and 1034 Seward Street for the 12 months ended June 30, 2019 and 6660 Santa Monica Boulevard for the 9 months ended June 30, 2019 is $1,972,994 ($40.07 per leased square foot), excluding tenant reimbursements. (7) Percent leased for non-same-store studio includes the average percent leased for the 12 months ended June 30, 2019 for 41,496 square feet, and the 9 months ended June 30, 2019 for 11,200 square feet. Page 32 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Land Properties(1) Submarket Square Feet(2) Percent of Total Vancouver, British Columbia Bentall Centre—Development(3) Downtown Vancouver 450,000 16.8% Subtotal 450,000 16.8% Greater Seattle, Washington Washington 1000(4) Denny Triangle 538,164 20.1% Subtotal 538,164 20.1% San Francisco Bay Area, California Cloud10 North San Jose 350,000 13.1% Subtotal 350,000 13.1% Los Angeles, California Sunset Bronson Studios Lot D—Development(5) Hollywood 19,816 0.7% Sunset Gower Studios—Redevelopment Hollywood 423,396 15.8% Sunset Las Palmas Studios—Redevelopment Hollywood 400,000 14.9% Element LA West Los Angeles 500,000 18.6% Subtotal 1,343,212 50.0% TOTAL LAND 2,681,376 100.0% (1) Excludes land properties held for sale as reflected on page 34. As of June 30, 2019, we have one land property held for sale, which was sold on July 30, 2019. (2) Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals that have not yet been obtained. (3) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. The construction of Bentall Centre—Development may require the demolition of certain retail square footage. (4) The final purchase of Washington 1000 is pending as of June 30, 2019. Square footage represents condominium rights to build a fully entitled 16-story office tower. (5) Square footage for Sunset Bronson Studios Lot D—Development represents management’s estimate of developable square footage for 33 residential units. Page 33 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 One Westside West Los Angeles 584,000 — —% 584,000 (5) 100.0% (5) $ — (5) $ — Total redevelopment 584,000 — — 584,000 100.0 — — DEVELOPMENT EPIC Hollywood 302,102 — — 302,102 (6) 100.0 (6) — (6) — Harlow Hollywood 106,125 — — — — — — Total development 408,227 — — 302,102 74.0 — — HELD FOR SALE Campus Center(7) Milpitas 471,580 — — — — — — Campus Center Land(8) Milpitas 946,350 (9) — — — — — — Total held for sale 1,417,930 — — — — — — TOTAL 2,410,157 — —% 886,102 36.8% $ — $ — (1) Excludes in-service office and land properties with exception of land properties held for sale (see pages 27, 28 and 33). (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 June 30, 2019, 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 June 30, 2019, 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 June 30, 2019. Annualized base rent does not reflect tenant reimbursements. (5) Google, Inc. signed a 584,000-square-foot lease for approximately 14.3 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. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. (6) The entire premises is anticipated to be delivered to Netflix, Inc. during fourth quarter 2019. Please see page 43 for description of rent phasing and abatements. (7) Campus Center was sold on July 24, 2019. (8) Campus Center Land was sold on July 30, 2019. (9) Square footage for land properties represents management’s estimate of developable square feet. Page 34 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 6/30/19 Costs Costs(6) UNDER CONSTRUCTION EPIC Hollywood Q3-2017 Q4-2019 Q3-2021 302,102 100.0% (7) 129,954 (8) 207,329 (8) 9.8% Harlow Hollywood Q1-2018 Q1-2020 Q3-2021 106,125 —% 29,587 (9) 81,492 (9) 6.7% Total under construction 408,227 $ 159,541 $ 288,821 FUTURE DEVELOPMENT PIPELINE One Westside West Los Q4-2019 Q1-2022 Q2-2023 584,000 100.0% (10) 150,060 (11) $500,000- (11) 7.75%-8.25% (11) Angeles $550,000 Washington 1000 Denny TBD (12) TBD TBD 538,164 —% 20,500 (12) $325,000- (12) 6.75%-7.25% Triangle $350,000 Bentall Centre—Development(13) Downtown TBD TBD TBD 450,000 N/A N/A TBD TBD Vancouver Element LA—Development West Los TBD TBD TBD 500,000 N/A N/A TBD TBD Angeles Sunset Bronson Studios Hollywood TBD TBD TBD 19,816 N/A N/A TBD TBD Lot D—Development Sunset Gower Studios—Development Hollywood TBD TBD TBD 423,396 N/A N/A TBD TBD (14) Sunset Las Palmas Hollywood TBD TBD TBD 400,000 N/A 21,000 TBD TBD Studios—Development Cloud10 North San TBD TBD TBD 350,000 N/A 12,023 (15) TBD TBD Jose Total future development 3,265,376 TOTAL 3,673,603 (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 35 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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) For description of rent phasing and abatements for Netflix, Inc., please see page 43. (8) Project costs as of June 30, 2019 and total estimated project costs for EPIC exclude land. (9) Project costs as of June 30, 2019 and total estimated project costs for Harlow include $4.2 million for management’s estimate of allocated land and acquisition costs. (10) 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 34 for description of rent phasing and abatements. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. (11) 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 March 31, 2019 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 March 31, 2019 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%. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. (12) Total estimated project costs for Washington 1000 include $86.0 million for management’s estimate of allocated land and acquisition costs. As of June 30,2019 we have incurred $20.5 million of project costs with the remaining $66.5 million of management’s estimate of allocated land and acquisition costs due upon the deliverance of the podium by the State of Washington, which is anticipated to occur during second quarter 2021. The Company could commence construction upon delivery of the podium. (13) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre—Development. (14) Project costs as of June 30, 2019 for Sunset Las Palmas Studios—Development include $20.8 million for management’s estimate of allocated land and acquisition costs. (15) Project costs as of June 30, 2019 for Cloud10 include approximately $10.5 million for management’s estimate of allocated land and acquisition costs. Page 36 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Value Creation Project Images—Recently Completed, Under Construction and Planned Fourth & Traction | Redevelopment CUE | Development 450 Alaskan | Development 95 Jackson | Redevelopment Los Angeles (Arts District) Los Angeles (Hollywood) Seattle (Pioneer Square) Seattle (Pioneer Square) 131,701 SF | Completed 2Q17 94,386 SF | Completed 3Q17 170,974 SF | Completed 3Q17 35,904 SF | Completed 2Q18 Single Tenant (Honey Science Corporation) Single Tenant (Netflix, Inc.) Multi-Tenant Multi-Tenant Recently Completed Under Construction Maxwell | Redevelopment EPIC | Development Harlow | Development One Westside | Redevelopment Los Angeles (Arts District) Los Angeles (Hollywood) Los Angeles (Hollywood) Los Angeles (West Los Angeles) Planned 99,090 SF | Completed 1Q19 302,102 SF | Completion 4Q19 106,125 SF | Completion 1Q20 584,000 SF | Completion 1Q22 Multi-Tenant Single Tenant (Netflix, Inc.) Single or Multi-Tenant Single Tenant (Google, Inc.) Cloud10 | Development Sunset Gower Studios | Development Washington 1000 | Development Bentall Centre | Development Silicon Valley (North San Jose) Los Angeles (Hollywood) Seattle (Denny Triangle) Vancouver (Downtown) 350,000 SF(1) | Completion TBD 423,396(1) SF | Completion TBD 538,164(1) SF | Completion TBD 450,000(1) SF | Completion TBD Single Tenant (Build-to-Suit) Single or Multi-Tenant Single or Multi-Tenant Single or 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 37 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Office Tenant Industry Diversification(1) INDUSTRY DIVERSIFICATION TECHNOLOGY DIVERSIFICATION Company’s Share Company’s Share Annualized Annualized Annualized Annualized Base Rent as Base Rent as Base Rent Base Rent Percent of Percent of Square as Percent Square as Percent Industry Square Feet(2)(3) Total Square Feet(2)(4) Total Sector Feet(2) of Total Feet(2) of Total Technology 4,732,971 37.4% 4,228,705 37.7% Online services 1,048,779 28.3% 1,000,422 30.2% Media and Entertainment 1,485,666 13.0 1,424,295 14.3 Software 1,227,610 25.7 1,165,680 27.3 Business Services 1,447,167 11.1 1,120,744 10.3 Computer hardware and 1,103,979 16.9 1,080,056 18.6 technology equipment Legal 777,857 8.4 721,485 9.1 Business support services 776,647 16.4 565,572 13.4 Financial Services 1,070,916 8.2 792,933 7.4 Other 397,868 8.7 251,418 6.1 Other 757,104 5.5 562,318 5.3 Biotechnology, healthcare 108,222 2.7 108,222 3.1 Retail 747,136 5.1 686,403 5.0 and medical research Educational 202,708 1.9 197,753 2.2 Telecommunications and 69,866 1.3 57,335 1.3 Real Estate 448,867 2.9 241,965 2.1 networking Healthcare 179,375 1.8 168,274 1.9 TOTAL 4,732,971 100.0% 4,228,705 100.0% Insurance 308,272 1.9 253,474 1.8 MEDIA AND ENTERTAINMENT DIVERSIFICATION Government 281,133 1.6 223,883 1.6 Company’s Share Advertising 174,978 1.2 170,559 1.3 Annualized Annualized TOTAL 12,614,150 100.0% 10,792,791 100.0% Base Rent Base Rent as as Square Percent of Square Percent of Sector Feet(2) Total Feet(2) Total Entertainment production and 946,821 61.9% 896,321 61.3% service Gaming 348,829 27.1 348,829 28.0 Advertising and marketing 132,206 8.2 132,206 8.4 Other 57,810 2.8 46,939 2.3 TOTAL 1,485,666 100.0% 1,424,295 100.0% (1) Industries and sectors are determined by management using Thompson Reuters Business Classification and are presented in order of Company’s Share of annualized base rent. (2) Excludes signed leases not commenced. (3) Excludes 158,289 square feet occupied by the Company. (4) Excludes 147,649 square feet occupied by the Company. Page 38 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Fifteen Largest Office Tenants Company’s Share Percent of Percent of Credit Rating(3) Market Lease Total Leased Total Leased Rentable Annualized Annualized Capitalization Tenant(1) Property Expiration Square Feet Square Feet Square Feet Base Rent(2) Base Rent Moody’s S&P (in billions)(3) Google, Inc. Various Various 521,147 (4) 502,538 3.3% $ 36,932,207 6.9% Aa2 AA+ $700.7 Netflix, Inc. Various Mid-2031 420,143 (5) 420,143 2.7 24,243,658 4.5 Ba3 BB- 160.6 Riot Games, Inc. Element LA 3/31/2030 284,037 (6) 284,037 1.9 16,838,535 3.1 — — — Nutanix, Inc. Various 5/31/2024 400,115 (7) 400,115 2.6 15,938,004 3.0 — — 4.1 Qualcomm Skyport Plaza 7/31/2022 376,817 376,817 2.5 14,080,898 2.6 A2 A- 92.5 Salesforce.com Rincon Center Various 265,394 (8) 265,394 1.7 13,616,121 2.5 A3 A 117.8 Square, Inc. 1455 Market 9/27/2023 469,056 (9) 257,981 1.7 12,324,641 2.3 — — 24.4 Stanford Various Various 151,249 (10) 151,249 1.0 11,611,691 2.2 — — — WeWork Companies, Inc. Various Various 380,617 (11) 209,152 1.4 10,602,786 2.0 — — — Uber Technologies, Inc. 1455 Market 2/28/2025 325,445 (9) 178,995 1.2 9,064,565 1.7 B2 B- 78.6 Dell EMC Corporation Various Various 294,756 (12) 294,756 1.9 8,411,937 1.6 — — — NFL Enterprises Various 12/31/2023 167,606 (13) 167,606 1.1 7,361,256 1.4 — — — Regus Various Various 150,081 (14) 150,081 1.0 6,477,329 1.2 — — — Baker McKenzie Clocktower Square Various 70,030 (15) 70,030 0.5 5,969,752 1.1 — — — GitHub, Inc. Various 4/30/2020 90,003 (16) 90,003 0.6 5,708,864 1.1 — — — TOTAL 4,366,496 3,818,897 25.1% $ 199,182,244 37.2% (1) Presented in order of Company’s Share of annualized base rent. (2) Annualized base rent is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases as of June 30, 2019, by (ii) 12. Annualized base rent does not reflect tenant reimbursements. Annualized base rents related to Bentall Centre have been converted from CAD to USD using the foreign currency exchange rate as of June 28, 2019. (3) Credit rating and market capitalization data provided by FactSet and as of June 30, 2019. (4) 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, (iv) 166,460 square feet at Rincon Center expiring on February 29, 2028, and (v) 41,354 square feet at Ferry Building expiring October 31, 2029. 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. At One Westside, Google, Inc. is expected to take possession of an additional 584,000 square feet during first quarter 2022. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. Please see page 34 for description of rent phasing and abatements. (5) Netflix, Inc. expirations by square footage and property: (i) 325,757 square feet at ICON and (ii) 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 43 for description of rent phasing and abatements. Expiration date to be determined based on the commencement of the Netflix, Inc. lease at EPIC. (6) 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. Page 39 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Fifteen Largest Office Tenants (continued) (7) Nutanix, Inc. expirations by square footage and property: (i) 189,084 square feet at 1740 Technology, (ii) 108,610 square feet at Metro Plaza, and (iii) 102,421 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 28,930 square feet during fourth quarter 2019. All leases for Nutanix, Inc. will expire on May 31, 2024. (8) 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 on 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 between August 1, 2021 and September 30, 2021 (the “Termination Date”) by delivering written notice no later than twelve months prior to the Termination Date. 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. (9) We own 55% of the ownership interest in the consolidated joint venture that owns 1455 Market. (10) Stanford expirations by square footage and property: (i) Stanford Healthcare 63,201 square feet at Page Mill Center expiring on June 30, 2019, (ii) The Board of Trustees of the Leland Stanford Junior University 18,753 square feet at Page Mill Hill expiring on August 31, 2019, (iii) Stanford University 26,080 square feet at Palo Alto Square expiring on December 31, 2019, and (iv) The Board of Trustees of the Leland Stanford Junior University 43,215 square feet at Page Mill Center expiring on December 31, 2022. (11) WeWork Companies Inc. expirations by square footage and property: (i) 5,334 square feet at Palo Alto Square expiring June 30, 2019, (ii) 12,713 square feet at Foothill Research Center expiring June 30, 2022, (iii) 54,336 square feet at Hill7 expiring January 31, 2030, (iv) 95,567 square feet at Maxwell expiring July 31, 2031, (v) 66,056 square feet at 1455 Market expiring October 31, 2031, and (vi) 146,695 square feet at Bentall Centre expiring October 31, 2033. We own 55% of the ownership interest in the consolidated joint ventures that own Hill7 and 1455 Market, and 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. (12) 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, with an expected expiration on June 30, 2026. (13) 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 for the entire premises effective December 31, 2022 by delivering written notice on or before September 30, 2021. (14) Regus expirations by square footage and property: (i) 27,369 square feet at Techmart expiring on April 30, 2020, (ii) 44,957 square feet at Gateway expiring on March 31, 2022, (iii) 20,059 square feet at 11601 Wilshire expiring on February 29, 2024, (iv) 9,739 square feet at Palo Alto Square expiring on April 30, 2026, (v) 26,661 square feet at 95 Jackson expiring on October 31, 2030, and (vi) 21,296 square feet at 450 Alaskan expiring on 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. (15) Baker McKenzie expirations by square footage: (i) 34,414 square feet expiring on August 26, 2019 and (ii) 35,616 square feet expiring on April 30, 2029. (16) 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 40 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Office Property Leasing Activity(1) Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Total gross leasing activity Rentable square feet(2) 504,613 1,548,749 Gross new leasing activity Rentable square feet 311,012 1,258,025 New cash rate $61.25 $59.98 Gross renewal leasing activity Rentable square feet 193,601 290,724 Renewal cash rate $54.69 $57.91 Total leases expired and terminated Contractual (scheduled) expiration 115,558 436,950 Early termination 20,457 110,236 Total 136,015 547,186 Net absorption Leased rentable square feet 174,997 710,839 Cash rent growth(3) Expiring rate $48.04 $47.28 New/renewal rate(4) $61.05 $60.91 Change 27.1% 28.8% Straight-line rent growth(5) Expiring rate $42.16 $43.66 New/renewal rate(4) $62.48 $61.76 Change 48.2% 41.4% Weighted average lease terms New (in months) 83.2 132.8 Renewal (in months) 54.4 52.4 TENANT IMPROVEMENTS AND LEASING COMMISSIONS(6) Lease Transaction Costs Per Square Foot Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Total Annual Total Annual New leases $64.08 $9.24 $112.03 $10.13 Renewal leases $20.95 $4.62 $19.33 $4.43 Blended $46.66 $7.82 $94.49 $9.65 (1) Represents 100% share of consolidated and unconsolidated joint ventures. (2) Includes 36,761 square feet of the Company’s management offices. (3) 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. (4) The new rates being compared to expiring rates for the three months ended June 30, 2019 are calculated using the weighted average starting rates for 209,404 square feet of new leases. The new rates being compared to expiring rates for the six months ended June 30, 2019 are calculated using the weighted average starting rates for 332,089 square feet of new leases. The renewal rates are a weighted average calculation of the total executed renewals for the periods indicated. (5) 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. (6) Represents per-square-foot weighted average lease transaction costs based on the leases executed in the current quarter. Page 41 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 450 Alaskan Pioneer Square 57,610 11/19/2018 9/1/2019 $ 40.00 6/30/2029 San Francisco Bay Area, California Metro Plaza North San Jose 49,958 10/1/2018 5/1/2019 $ 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 15,282 11/16/2018 7/1/2019 $ 40.80 6/30/2026 Metro Center Foster City 13,246 12/6/2018 8/1/2019 $ 66.00 1/31/2027 625 Second(3) San Francisco 43,846 12/17/2018 4/16/2019 $ 52.00 4/30/2027 Metro Center Foster City 11,243 2/1/2019 5/1/2019 $ 69.00 4/30/2022 Ferry Building(4) San Francisco 12,900 2/1/2019 3/1/2020 $ 102.00 7/31/2029 1455 Market(4) San Francisco 52,003 2/20/2019 8/20/2019 $ 78.00 9/27/2023 Towers at Shore Center Redwood Shores 50,327 3/1/2019 7/1/2019 $ 66.00 5/31/2024 1455 Market San Francisco 66,056 3/19/2019 10/15/2019 $ 66.00 10/31/2031 Ferry Building(4) San Francisco 41,354 5/31/2019 11/1/2019 $ 113.00 10/31/2029 625 Second San Francisco 10,693 6/13/2019 11/1/2019 $ 51.96 4/30/2027 Los Angeles, California 6922 Hollywood Hollywood 10,740 1/16/2019 5/16/2019 $ 68.28 5/15/2029 Maxwell Downtown Los Angeles 56,605 2/12/2019 7/11/2019 $ 49.80 7/31/2031 Maxwell Downtown Los Angeles 38,962 5/1/2019 9/28/2019 $ 52.28 7/31/2031 (1) Consists of leases for more than 10,000 square feet that commenced on or prior to June 30, 2019, 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 June 30, 2019. (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 June 30, 2019, and (ii) 12, by (iii) leased square footage. Base rents do not include tenant reimbursements. (3) 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. (4) We own 55% of the ownership interest in the consolidated joint ventures that own 1455 Market and Ferry Building. Page 42 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Uncommenced Office Leases—Next Eight Quarters(1)(2) Company’s Share Q3 2019 Q4 2019 Q1 2020 Q3 2019 Q4 2019 Q1 2020 Starting Starting Starting Starting Starting Starting Rent per Rent per Rent per Rent per Rent per Rent per SF SF(3) SF SF(3) SF SF(3) SF SF(3) SF SF(3) SF SF(3) Vancouver, British Columbia Downtown Vancouver(4) 21,753 $ 40.89 17,099 $ 30.07 3,000 $ 33.61 4,351 $ 40.89 3,420 $ 30.07 600 $ 33.61 Subtotal 21,753 40.89 17,099 30.07 3,000 33.61 4,351 40.89 3,420 30.07 600 33.61 Greater Seattle, Washington Lynnwood 433 22.50 — — — — 433 22.50 — — — — Pioneer Square 9,008 — — — — — 9,008 — — — — — Subtotal 9,441 1.03 — — — — 9,441 1.03 — — — — San Francisco Bay Area, California Foster City 9,736 40.37 — — — — 9,736 40.37 — — — — Redwood Shores 70,024 55.28 5,188 66.00 9,864 70.80 70,024 55.28 5,188 66.00 9,864 70.80 Santa Clara 2,288 55.20 — — — — 2,288 55.20 — — — — North San Jose — — 28,913 46.30 — — — — 28,913 46.30 — — Subtotal 82,048 53.51 34,101 49.30 9,864 70.80 82,048 53.51 34,101 49.30 9,864 70.80 Los Angeles, California Downtown Los Angeles 123,097 42.56 (5) — — — — 123,097 42.56 (5) — — — — Hollywood — — 302,102 68.40 (6) — — — — 302,102 68.40 (6) — — West Los Angeles 1,683 48.00 11,510 — — — 1,683 48.00 11,510 — — — Subtotal 124,780 42.63 313,612 65.89 — — 124,780 42.63 313,612 65.89 — — 238,022 $ 44.57 364,812 $ 62.66 12,864 $ 62.13 220,620 $ 44.86 351,133 $ 63.93 10,464 $ 68.67 TOTAL UNCOMMENCED (1) Consists of uncommenced leases, defined as new leases with respect to vacant space executed on or prior to June 30, 2019, but with commencement dates after June 30, 2019 and within the next eight quarters. This table omits submarkets and quarters without any activity. (2) There are no uncommenced leases for the five quarters subsequent to Q1 2020. (3) 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. (4) Starting rental rates have been converted from CAD to USD using the foreign currency exchange rate as of June 28, 2019. (5) 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. (6) 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 43 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Backfilled Office Leases—Next Eight Quarters(1)(2) Company’s Share Q3 2019 Q4 2019 Q1 2020 Q3 2019 Q4 2019 Q1 2020 Starting Starting Starting Starting Starting Starting Rent per Rent per Rent per Rent per Rent per Rent per SF SF(3) SF SF(3) SF SF(3) SF SF(3) SF SF(3) SF SF(3) Vancouver, British Columbia Downtown Vancouver(4) 1,229 $ 25.97 1,819 $ 25.97 — $ — 246 $ 25.97 364 $ 25.97 — $ — Subtotal 1,229 25.97 1,819 25.97 — — 246 25.97 364 25.97 — — Greater Seattle, Washington Pioneer Square — $ — — $ — 6,372 $ 43.50 — $ — — $ — 6,372 $ 43.50 Subtotal — — — — 6,372 43.50 — — — — 6,372 43.50 San Francisco Bay Area, California San Francisco 6,834 52.00 — — — — 6,834 52.00 — — — — Foster City — — 23,180 73.20 — — — — 23,180 73.20 — — Redwood Shores 25,549 66.00 15,719 63.60 — — 25,549 66.00 15,719 63.60 — — Palo Alto — — 13,593 92.08 — — — — 13,593 92.08 — — Santa Clara — — 1,270 54.00 — — — — 1,270 54.00 — — North San Jose 7,849 43.20 59,799 40.91 7,163 40.54 7,849 43.20 59,799 40.91 7,163 40.54 Subtotal 40,232 59.17 113,561 56.91 7,163 40.54 40,232 59.17 113,561 56.91 7,163 40.54 Los Angeles, California Hollywood — — — — 1,171 — — — — — 1,171 — Subtotal — — — — 1,171 — — — — — 1,171 — Total backfilled 41,461 58.19 115,380 56.43 14,706 38.59 40,478 58.97 113,925 56.82 14,706 38.59 TOTAL UNCOMMENCED AND 279,483 $ 46.59 480,192 $ 61.16 27,570 $ 49.57 261,098 $ 47.05 465,058 $ 62.19 25,170 $ 51.10 BACKFILLED Page 44 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Backfilled Office Leases—Next Eight Quarters(1)(2) Company’s Share Q3 2020 Q4 2020 Q3 2020 Q4 2020 Starting Starting Starting Starting Rent per SF Rent per SF Rent per SF Rent per SF SF (3) SF (3) SF (3) SF (3) San Francisco Bay Area, California San Francisco 17,039 75.19 6,041 53.56 17,039 75.19 6,041 53.56 Redwood Shores 1,027 — — — 1,027 — — — North San Jose — — 3,198 41.76 — — 3,198 41.76 Subtotal 18,066 70.92 9,239 49.48 18,066 70.92 9,239 49.48 Total backfilled 18,066 70.92 9,239 49.48 18,066 70.92 9,239 49.48 TOTAL UNCOMMENCED AND BACKFILLED 18,066 $ 70.92 9,239 $ 49.48 18,066 $ 70.92 9,239 $ 49.48 (1) Consists of backfilled leases, defined as new leases with respect to occupied space executed on or prior to June 30, 2019, but with commencement dates after June 30, 2019 and within the next eight quarters. This table omits submarkets and quarters without any activity. (2) There are no backfilled leases for the two quarters subsequent to Q4 2020. (3) 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. (4) Starting rental rates have been converted from CAD to USD using the foreign currency exchange rate as of June 28, 2019. Page 45 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Expiring Office Leases—Next Eight Quarters(1) Company’s Share Q3 2019(2) Q4 2019 Q1 2020 Q2 2020 Q3 2019(2) Q4 2019 Q1 2020 Q2 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) Vancouver, British Columbia (6) Downtown 5,092 $28.04 111,820 $ 27.62 11,927 $ 22.37 15,546 $25.04 1,019 $28.03 22,363 $27.63 2,385 $22.37 3,109 $25.04 Vancouver(5) Subtotal 5,092 28.04 111,820 27.62 11,927 22.37 15,546 25.04 1,019 28.03 22,363 27.63 2,385 22.37 3,109 25.04 Greater Seattle, Washington Lynnwood 29,360 20.48 — — 31,409 20.54 34,474 27.71 29,360 20.48 — — 31,409 20.54 34,474 27.71 Pioneer 6,452 32.00 6,372 40.16 8,400 34.00 — — 6,452 32.00 6,372 40.16 8,400 34.00 — — Square Subtotal 35,812 22.56 6,372 40.16 39,809 23.38 34,474 27.71 35,812 22.56 6,372 40.16 39,809 23.38 34,474 27.71 San Francisco Bay Area, California Foster City 5,246 74.92 48,603 58.25 (7) — — — — 5,246 74.92 48,603 58.25 (7) — — — — Palo Alto 69,640 82.10 (8) 26,080 90.48 12,364 72.34 22,846 85.83 69,640 82.10 (8) 26,080 90.48 12,364 72.34 22,846 85.83 Redwood 42,859 40.44 33,883 65.67 11,316 65.77 43,013 62.65 42,859 40.44 33,883 65.67 11,316 65.77 43,013 62.65 Shores (9) San 1,667 84.74 1,706 135.07 43,413 56.17 126,655 63.99 1,608 69.49 939 134.97 31,544 60.05 122,904 62.73 (9) Francisco (10) (11) (10) (11) North San 49,391 36.34 109,008 36.07 71,930 39.55 45,418 37.27 49,391 36.34 109,008 36.07 71,930 39.55 45,418 37.27 Jose Santa Clara 2,453 49.94 22,420 39.99 10,535 47.94 47,716 48.28 2,453 49.94 22,420 39.99 10,535 47.94 47,716 48.28 Subtotal 171,256 57.82 241,700 51.61 149,558 49.66 285,648 58.66 171,197 57.67 240,933 51.35 137,689 49.99 281,897 58.04 Los Angeles, California Hollywood — — 11,900 51.29 40,887 43.79 — — — — 11,900 51.29 40,887 43.79 — — Torrance — — 113,000 29.44 (12) — — — — — — 113,000 29.44 (12) — — — — West Los — — 12,112 48.56 4,086 52.87 16,705 53.02 — — 12,112 48.56 4,086 52.87 16,705 53.02 Angeles Subtotal — — 137,012 33.03 44,973 44.62 16,705 53.02 — — 137,012 33.03 44,973 44.62 16,705 53.02 TOTAL 212,160 $51.15 496,904 $ 40.94 246,267 $ 43.17 352,373 $53.88 208,028 $51.48 406,680 $43.70 224,856 $43.91 336,185 $54.38 Expirations 1.5% 3.6% 1.8% 2.5% 1.7% 3.4% 1.9% 2.8% as % of In-Service Portfolio Page 46 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Expiring Office Leases—Next Eight Quarters(1)(continued) Company’s Share Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2020 Q4 2020 Q1 2021 Q2 2021 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) Vancouver, British Columbia Downtown 33,292 $24.98 38,130 $26.21 11,644 $ 23.81 14,851 $ 21.10 6,659 $24.98 7,627 $26.21 2,328 $23.82 2,970 $ 21.10 Vancouver(5) Subtotal 33,292 24.98 38,130 26.21 11,644 23.81 14,851 21.10 6,659 24.98 7,627 26.21 2,328 23.82 2,970 21.10 Greater Seattle, Washington Denny — — 656 33.09 39,024 30.75 — — — — 656 33.09 39,024 30.75 — — Triangle Lynnwood — — — — 5,603 21.22 — — — — — — 5,603 21.22 — — (13) (13) Pioneer 7,690 26.01 7,342 14.51 70,292 30.83 1,599 41.92 7,690 26.01 7,342 14.51 70,292 30.83 1,599 41.92 Square Subtotal 7,690 26.01 7,998 16.04 114,919 30.34 1,599 41.92 7,690 26.01 7,998 16.04 114,919 30.34 1,599 41.92 San Francisco Bay Area, California Foster City 13,712 68.59 2,189 73.03 4,988 75.82 — — 13,712 68.59 2,189 73.03 4,988 75.82 — — Palo Alto 20,921 98.12 44,170 74.96 10,316 98.55 46,734 78.18 20,921 98.12 44,170 74.96 10,316 98.55 46,734 78.18 Redwood 18,839 66.00 59,156 44.01 (14) 9,558 47.51 62,473 63.81 (15) 18,839 66.00 59,156 44.01 (14) 9,558 47.51 62,473 63.81 (15) Shores San 11,799 60.61 12,380 89.31 920 91.75 3,724 117.49 10,195 58.44 9,528 83.80 672 80.39 2,048 117.50 Francisco (16) (17) (16) (17) North San 46,133 39.12 61,384 40.20 80,088 39.42 37,423 43.16 46,133 39.12 61,384 40.20 80,088 39.42 37,423 43.16 Jose Santa Clara 8,741 52.56 16,715 50.94 8,035 53.25 8,191 53.83 8,741 52.56 16,715 50.94 8,035 53.25 8,191 53.83 Subtotal 120,145 60.06 195,994 53.57 113,905 48.45 158,545 63.92 118,541 59.86 193,142 52.77 113,657 48.29 156,869 63.34 Los Angeles, California Hollywood — — — — 13,518 52.08 — — — — — — 13,518 52.08 — — West Los — — 2,458 56.52 5,866 50.35 — — — — 2,458 56.52 5,866 50.35 — — Angeles Subtotal — — 2,458 56.52 19,384 51.56 — — — — 2,458 56.52 19,384 51.56 — — TOTAL 161,127 $51.19 244,580 $48.11 259,852 $ 39.57 174,995 $ 60.08 132,890 $56.16 211,225 $50.46 250,288 $40.07 161,438 $ 62.35 Expirations 1.2% 1.8% 1.9% 1.3% 1.1% 1.8% 2.1% 1.4% as % of In-Service Portfolio (1) This does not reflect 115,227 square feet that expired on June 30, 2019. This table omits submarkets without any expirations over the next eight quarters. (2) Third quarter 2019 expiring square footage does not include 67,075 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. Page 47 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Expiring Office Leases—Next Eight Quarters(1) (continued) (5) Expiring rental rates have been converted from CAD to USD using the foreign currency exchange rate as of June 28, 2019. (6) Top three expiring tenants by square footage: (i) Deloitte Management Services for 93,156 square feet, (ii) Dialpad Canada Inc. for 4,782 square feet, and (iii) Dynamic Funds for 2,775 square feet. (7) Includes 22,553-square-foot management office occupied by the Company. (8) Top three expiring tenants by square footage: (i) Baker McKenzie at Clocktower Square for 34,414 square feet, (ii) Stanford Health Care at Page Mill Center for 18,753 square feet, and (iii) MAP Royalty, Inc. at Palo Alto Square for 13,245 square feet. (9) Top three expiring tenants by square footage: (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. (10) Top three expiring tenants by square footage: (i) Ensighten, Inc. at Concourse for 28,930 square feet, (ii) GEO Semiconductor, Inc. at Metro Plaza for 13,027 square feet, and (iii) Aerotek, Inc. at Concourse for 12,427 square feet. (11) 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) TDK Corporation at 1740 Technology for 7,386 square feet. (12) Total expiring square footage consists of Saatchi & Saatchi North America, Inc. at Del Amo for 113,000 square feet. (13) Total expiring square footage consists of: (i) Nuance Communications at 505 First Avenue for 45,568 square feet, and (ii) Qualtrics, LLC at 83 King Street for 24,724 square feet. (14) 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) Colliers Parrish International, Inc. for 6,257 square feet. (15) Top three expiring tenants by square footage: (i) Iovance Biotherapeutics at Skyway Landing for 29,165 square feet, (ii) Education Elements, Inc. at Skyway Landing for 6,405 square feet, and (iii) Lastline, Inc. at Towers at Shore Center for 6,368 square feet. (16) Top three expiring tenants by square footage: (i) Comerica Bank at Concourse for 12,708 square feet, (ii) US Jade Corp. at Concourse for 10,940 square feet, and (iii) College Entrance Examination at Gateway for 6,451 square feet. (17) Top three expiring tenants by square footage: (i) Siliconware USA, Inc. at Concourse for 15,777 square feet, (ii) Robin Systems at Concourse for 13,016 square feet, and (iii) Glumac at Concourse for 8,926 square feet. Page 48 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Expiring Office Leases—Annual Company’s Share Percentage Annualized Square Square Percent of of Office Annualized Base Rent Per Number of Footage of Footage of Office Portfolio Base Rent Annualized Lease Square Leases Expiring Expiring Portfolio Annualized Annualized Per Leased Base Rent at Foot at Year of Lease Expiration Expiring Leases(1)(2) Leases(1)(3) Square Feet Base Rent(1) Base Rent Square Foot(4) Expiration Expiration(5) Vacant 1,341,073 1,303,814 9.9% 2019(6) 102 801,738 706,399 5.3 $ 33,709,731 5.7% $ 47.72 $ 33,937,460 $ 48.04 2020 173 1,004,347 905,156 6.8 45,131,822 7.6 49.86 46,276,599 51.13 2021 160 1,491,333 1,319,058 10.0 59,820,466 10.0 45.35 63,288,064 47.98 2022 166 1,459,983 1,284,886 9.7 61,456,284 10.3 47.83 67,236,807 52.33 2023 110 1,759,249 1,353,195 10.2 59,479,989 10.0 43.96 67,258,486 49.70 2024 109 1,650,532 1,475,310 11.1 72,491,923 12.1 49.14 83,167,600 56.37 2025 41 1,194,187 948,211 7.2 48,931,909 8.2 51.60 59,127,858 62.36 2026 24 373,062 340,783 2.6 18,321,192 3.1 53.76 24,880,476 73.01 2027 19 478,504 404,501 3.1 21,980,928 3.7 54.34 28,121,134 69.52 2028 23 644,016 571,891 4.3 34,899,319 5.8 61.02 44,238,775 77.36 Thereafter 33 1,690,124 1,444,599 10.9 79,971,272 13.4 55.36 111,245,169 77.01 Building management use 24 158,289 147,649 1.1 — — — — — Signed leases not commenced(7) 30 1,208,302 1,028,820 7.8 60,489,786 10.1 58.80 85,131,786 82.75 TOTAL/WEIGHTED AVERAGE 1,014 15,254,739 13,234,272 100.0% $ 596,684,621 100.0% $ 50.01 $ 713,910,214 $ 59.84 (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 June 30, 2019, 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 June 30, 2019. (2) Total expiring square footage does not include 67,075 square feet of month-to-month leases. (3) Total expiring square footage does not include 38,802 square feet of month-to-month leases. (4) 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 June 30, 2019. (5) 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 June 30, 2019. (6) Excludes 22,553-square-foot management office occupied by the Company. The management office is being reflected under building management use in the table above. (7) 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 June 30, 2019 and is calculated as (i) base rental payments (defined as cash base rents at expiration (before abatements)) under uncommenced leases for vacant space as of June 30, 2019, divided by (ii) square footage under uncommenced leases as of June 30, 2019. Page 49 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Definitions and Reconciliations

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 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 the Company’s Share of amortization of deferred financing costs, and subtracting recurring capital expenditures related to the Company’s Share of 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 the Company’s Share 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/premiums. 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. Excludes amortization of deferred financing costs and loan discounts/ premiums. Company’s Share: Non-GAAP financial measures calculated as the consolidated amount, in accordance with GAAP, plus the Company’s share of the amount from the Company’s unconsolidated joint ventures (calculated based upon the Company’s percentage ownership interest), minus the Company’s partners’ share of the amount from the Company’s consolidated joint ventures (calculated based upon the partners’ percentage ownership interests). Management believes that presenting the “Company’s Share” of these measures provides useful information to investors regarding the Company’s financial condition and/or results of operations because the Company has several significant joint ventures and in some cases, the Company exercises significant influence over, but does not control, the joint venture, in which case GAAP requires that the Company account for the joint venture entity using the equity method of accounting and the Company does not consolidate it for financial reporting purposes. In other cases, GAAP requires that the Company consolidate the venture even though the Company’s partner(s) owns a significant percentage interest. As a result, management believes that presenting the Company’s Share of various financial measures in this manner can help investors better understand the Company’s financial condition and/or results of operations after taking into account its true economic interest in these joint ventures. Company’s Share of Debt: Similar to Consolidated Debt except it includes the Company’s Share of unconsolidated joint venture debt and excludes partner’s share of consolidated joint venture partner debt. Company’s Share of Market Capitalization: Similar to Consolidated Market Capitalization except it includes the Company’s Share of Debt. Consolidated Debt: Equal to the sum of (i) Unsecured and Secured Debt and (ii) series A preferred units Consolidated 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. Consolidated Unsecured and Secured Debt: Excludes in-substance defeased debt related to our Hudson Pacific/Macerich joint venture and unamortized deferred financing costs and unamortized loan discounts/premiums related to our registered senior debt. The full amount of debt related to the Hill7 joint venture are included. Page 51 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Definitions (continued) 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 on FFO approved by the Board of Governors of the National Association of Real Estate Investment Trusts. 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 and impairment write-downs associated with depreciable real estate, plus the Company’s Share of real estate-related depreciation and amortization (excluding amortization of deferred financing costs and depreciation of non-real estate assets). The calculation of FFO includes the Company’s Share of amortization of deferred revenue related to tenant-funded tenant improvements and excludes the depreciation of the related tenant improvement assets. 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 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. Principal Amount: Outstanding debt balances including partner share of consolidated entities and excludes unamortized deferred financing costs and loan discounts/premiums. Shares of Common Stock/Units Outstanding at End of Period: Represents shares of common stock (including unvested restricted shares), OP units outstanding and an estimate for our dilutive Outperformance Programs (“OPPs,” or individually, “OPP”), including stock grants under our 2016 OPP, 2017 OPP, 2018 OPP and 2019 OPP and dilutive one-time retention award grants (collectively, the “Dilutive Shares”). Weighted Average Fully Diluted Common Stock/Units Outstanding: Includes an estimate for the dilution impact of stock grants to the Company's executives under its 2016 OPP, 2017 OPP, 2018 OPP, 2019 OPP and one-time retention award grants. This estimate is based on the projected award potential of such programs as of the end of such periods, as calculated in accordance with the ASC 260, Earnings Per Share. Page 52 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Reconciliation of Net Income (Loss) to Net Operating Income Unaudited, in thousands Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net income (loss) $ 12,823 $ 19,691 $ (24,072) $ 72,254 Adjustments: Loss from unconsolidated real estate investments 85 — 85 — Interest expense 26,552 19,331 50,902 39,834 Interest income (1,008) (66) (2,032) (75) Transaction-related expenses — — 128 118 Other (181) (319) (75) (723) Unrealized gain on non-real estate investment — (928) — (928) Gains on sale of real estate — (1,928) — (39,602) Impairment loss — — 52,201 — General and administrative 18,344 16,203 36,438 31,767 Depreciation and amortization 69,606 60,706 138,111 121,259 Net Operating Income $ 126,221 $ 112,690 $ 251,686 $ 223,904 Net Operating Income Breakdown Same-Store Office cash revenues $ 110,711 $ 103,950 $ 213,723 $ 204,136 Straight-line rent 5,971 3,864 14,852 7,872 Amortization of above-market and below-market leases, net 1,927 2,215 3,968 4,845 Amortization of lease incentive costs (358) (351) (714) (683) Same-Store Office revenues 118,251 109,678 231,829 216,170 Same-Store Studios cash revenues 16,655 16,376 37,215 33,775 Straight-line rent 319 243 680 430 Amortization of lease incentive costs (9) — (19) — Same-Store Studio revenues 16,965 16,619 37,876 34,205 Same-Store property revenues 135,216 126,297 269,705 250,375 Same-Store Office cash expenses 33,258 34,205 67,895 66,899 Amortization of above-market and below-market ground leases, net 575 575 1,150 1,150 Same-Store Office expenses 33,833 34,780 69,045 68,049 Same-Store Studio cash expenses 9,544 8,539 20,527 18,203 Same-Store Studio expenses 9,544 8,539 20,527 18,203 Same-Store property expenses 43,377 43,319 89,572 86,252 Same-Store net operating income 91,839 82,978 180,133 164,123 Non-Same-Store net operating income 34,382 29,712 71,553 59,781 Net Operating Income $ 126,221 $ 112,690 $ 251,686 $ 223,904 Page 53 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Reconciliation of Net Income (Loss) to Company’s Share of Net Operating Income Unaudited, in thousands Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net income (loss) $ 12,823 $ 19,691 $ (24,072) $ 72,254 Adjustments: Loss from unconsolidated real estate investments 85 — 85 — Interest expense 26,552 19,331 50,902 39,834 Interest income (1,008) (66) (2,032) (75) Transaction-related expenses — — 128 118 Other (181) (319) (75) (723) Unrealized gain on non-real estate investment — (928) — (928) Gains on sale of real estate — (1,928) — (39,602) Impairment loss — — 52,201 — General and administrative 18,344 16,203 36,438 31,767 Depreciation and amortization 69,606 60,706 138,111 121,259 Company's Share of NOI from unconsolidated real estate entity 679 — 679 — Net Operating Income Partner's share of consolidated entities (7,339) (5,220) (14,756) (10,627) Net Operating Income Company's Share $ 119,561 $ 107,470 $ 237,609 $ 213,277 Net Operating Income Breakdown Same-Store Office cash revenues $ 108,086 $ 98,077 $ 206,314 $ 192,086 Straight-line rent 1,831 3,930 9,030 8,156 Amortization of above-market and below-market leases, net 1,877 2,215 3,918 4,845 Amortization of lease incentive costs (222) (326) (492) (633) Same-Store Office revenues Company’s Share 111,572 103,896 218,770 204,454 Same-Store Studios cash revenues 16,657 16,376 37,216 33,775 Straight-line rent 319 243 680 430 Amortization of lease incentive costs (9) — (19) — Same-Store Studio revenues Company’s Share 16,967 16,619 37,877 34,205 Same-Store property revenues Company’s Share 128,539 120,515 256,647 238,659 Same-Store Office cash expenses 31,349 32,346 64,116 63,201 Amortization of above-market and below-market ground leases, net 575 575 1,150 1,150 Same-Store Office expenses Company’s Share 31,924 32,921 65,266 64,351 Same-Store Studio cash expenses 9,545 8,538 20,527 18,203 Same-Store Studio expenses Company’s Share 9,545 8,538 20,527 18,203 Same-Store property expenses Company’s Share 41,469 41,459 85,793 82,554 Same-Store net operating income Company’s Share 87,070 79,056 170,854 156,105 Non-Same-Store net operating income Company’s Share 32,491 28,414 66,755 57,172 Net Operating Income Company’s Share $ 119,561 $ 107,470 $ 237,609 $ 213,277 Page 54 of 55

Hudson Pacific Properties, Inc. Supplemental Information | Second Quarter 2019 Total Revenues Components Unaudited, in thousands Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Office Cash rent $ 132,626 $ 119,192 $ 257,948 $ 235,096 Cash tenant recoveries 25,619 21,960 50,356 42,864 Straight-line rent 11,515 7,694 27,790 23,145 Amortization of above-market and below-market leases, net 2,930 3,230 7,109 1,611 Amortization of lease incentive costs (434) (384) (750) (38) Services revenue 6,791 6,858 12,452 12,404 Total office revenues 179,047 158,550 354,905 315,082 Studio Cash rent 12,853 10,465 26,254 20,661 Cash tenant recoveries 1,358 500 — 854 Straight-line rent 319 243 680 430 Amortization of lease incentive costs (9) — (19) — Services revenue and other 3,088 5,411 12,225 12,260 Total studio revenues 17,609 16,619 39,140 34,205 Total revenues(1) $ 196,656 $ 175,169 $ 394,045 $ 349,287 (1) Prior to January 1, 2019, we classified rental revenues and tenant recoveries as separate line items on our Consolidated Statements of Operations. We adopted ASC 842, Leases, on January 1, 2019 using the modified retrospective approach and elected to apply the transition method of the standard at the beginning of the period of adoption. For leases at our office properties we elected a practical expedient in ASC 842, which requires us to include all revenues related to tenant leases in our Rental line item in our GAAP Consolidated Statement of Operations and as a result we do not disclose tenant recoveries as a separate GAAP revenue measure. However, we believe that tenant recoveries are useful to investors as a supplemental measure of our ability to recover operating expenses, property taxes, insurance and other expenses. The table above separately presents our rental components for 2019 and 2018 based on the 2018 presentation. Tenant recoveries are not a measure of revenues as allowed by GAAP and the presentation above should not be considered an alternative to our GAAP measures included in our Consolidated Statement of Operations. Page 55 of 55

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