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Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The table below presents the activity related to Hudson Pacific Properties, Inc.’s accumulated other comprehensive (loss) income (“OCI”):
Derivative InstrumentsCurrency Translation AdjustmentsTotal Equity
Balance at January 1, 2017$9,496  $—  $9,496  
Unrealized gain recognized in OCI3,011  —  3,011  
Reclassification from OCI into income4,342  —  4,342  
Net change in OCI7,353  —  7,353  
Reclassification related to the redemption of common units in the operating partnership(3,622) —  (3,622) 
Balance at December 31, 201713,227  —  13,227  
Unrealized gain recognized in OCI7,331  —  7,331  
Reclassification from OCI into income(3,287) —  (3,287) 
Net change in OCI4,044  —  4,044  
Cumulative adjustment related to adoption for ASU 2017-12230  —  230  
Balance at December 31, 201817,501  —  17,501  
Unrealized (loss) gain recognized in OCI(14,438) 1,830  (12,608) 
Reclassification from OCI into income(5,454) —  (5,454) 
Net change in OCI(19,892) 1,830  (18,062) 
Balance at December 31, 2019$(2,391) $1,830  $(561) 

The table below presents the activity related to Hudson Pacific Properties, LP’s accumulated OCI:
Derivative InstrumentsCurrency Translation AdjustmentsTotal Equity
Balance at January 1, 2017$5,878  $—  $5,878  
Unrealized gain recognized in OCI3,029  —  3,029  
Reclassification from OCI into income4,369  —  4,369  
Net change in OCI7,398  —  7,398  
Balance at December 31, 201713,276  —  13,276  
Unrealized gain recognized in OCI7,358  —  7,358  
Reclassification from OCI into income(3,300) —  (3,300) 
Net change in OCI4,058  —  4,058  
Cumulative adjustment related to adoption for ASU 2017-12231  —  231  
Balance at December 31, 201817,565  —  17,565  
Unrealized (loss) gain recognized in OCI(14,533) 1,845  (12,688) 
Reclassification from OCI into income(5,490) —  (5,490) 
Net change in OCI(20,023) 1,845  (18,178) 
Balance at December 31, 2019$(2,458) $1,845  $(613) 
Schedule of Other Ownership Interests
The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units as of:
December 31, 2019December 31, 2018December 31, 2017
Company-owned common units in the operating partnership154,691,052  154,371,538  155,602,508  
Company’s ownership interest percentage99.4 %99.6 %99.6 %
Non-controlling common units in the operating partnership(1)
911,858  569,045  569,045  
Non-controlling ownership interest percentage0.6 %0.4 %0.4 %
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1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of December 31, 2019, this amount represents both common units and performance units of 550,969 and 360,889, respectively. As of December 31, 2018 and 2017, this amount represents common units of 569,045.
Schedule of Stock Redemptions
The following table summarizes the common unit redemptions in 2019:
Redemption DateCommon Units
January 17, 201918,076  
Schedule of Dividends The following table summarizes dividends declared and paid for the periods presented:
For the Year Ended December 31,
201920182017
Common stock(1)
$1.00  $1.00  $1.00  
Common units (1)
$1.00  $1.00  $1.00  
Series A preferred units (1)
$1.5625  $1.5625  $1.5625  
_________________ 
1.The fourth quarter 2019 dividends were paid on December 30, 2019 to shareholders and unitholders of record on December 20, 2019.
Schedule of Dividends Taxability
The Company’s dividends related to its common stock will be classified for U.S. federal income tax purposes as follows (unaudited):
Ordinary Dividends
Record DatePayment DateDistributions Per ShareTotal
Non-qualified(1)
QualifiedReturn of Capital
3/18/20193/28/2019$0.25000  $0.15752  $0.15752  $—  $0.09248  
6/17/20196/27/20190.25000  0.15752  0.15752  —  0.09248  
9/20/20199/30/20190.25000  0.15752  0.15752  —  0.09248  
12/20/201912/30/20190.25000  0.15752  0.15752  —  0.09248  
TOTALS$1.00000  $0.63008  $0.63008  $—  $0.36992  
100.00 %63.01 %36.99 %
_____________
1.On December 22, 2017, the Tax Cuts and Jobs Act enacted Section 199A, which generally allows a deduction for non-corporate taxpayers equal to 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Ordinary dividends eligible for the Section 199A benefit are a subset of, and included in, the taxable ordinary dividend amount. All of the non-qualified dividends listed above are eligible for the Section 199A benefit.