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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Total revenues $ 198,610,000 $ 196,656,000 $ 404,837,000 $ 394,045,000
OPERATING EXPENSES        
Operating expenses 72,562,000 70,435,000 147,072,000 142,359,000
General and administrative 17,897,000 18,344,000 36,515,000 36,438,000
Depreciation and amortization 73,516,000 69,606,000 147,279,000 138,111,000
Total operating expenses 163,975,000 158,385,000 330,866,000 316,908,000
OTHER (EXPENSE) INCOME        
Income (loss) from unconsolidated real estate entity 410,000 (85,000) 174,000 (85,000)
Fee income 556,000 0 1,166,000 0
Interest expense (27,930,000) (26,552,000) (54,347,000) (50,902,000)
Interest income 1,048,000 1,008,000 2,073,000 2,032,000
Transaction-related expenses (157,000) 0 (259,000) (128,000)
Unrealized loss on non-real estate investment (2,267,000) 0 (2,848,000) 0
Impairment loss 0 0 0 (52,201,000)
Other income 716,000 181,000 1,030,000 75,000
Total other expense (27,624,000) (25,448,000) (53,011,000) (101,209,000)
NET INCOME (LOSS) 7,011,000 12,823,000 20,960,000 (24,072,000)
Net income attributable to preferred units (153,000) (153,000) (306,000) (306,000)
Net income attributable to participating securities (10,000) (48,000) (39,000) (356,000)
Net income attributable to non-controlling interest in consolidated real estate entities (3,890,000) (3,317,000) (7,407,000) (6,138,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 770,000 558,000 1,403,000 1,158,000
Net (income) loss attributable to non-controlling interest in the operating partnership (37,000) (77,000) (143,000) 108,000
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 3,691,000 $ 9,786,000 $ 14,468,000 $ (29,606,000)
BASIC AND DILUTED PER SHARE AMOUNTS        
Net income (loss) attributable to common stockholders - basic (in dollars per share) $ 0.02 $ 0.06 $ 0.09 $ (0.19)
Net income (loss) attributable to common stockholders - diluted (in dollars per share) $ 0.02 $ 0.06 $ 0.09 $ (0.19)
Weighted average shares of common stock outstanding—basic (in shares) 153,306,976 154,384,586 153,869,789 154,390,340
Weighted average shares of common stock outstanding—diluted 155,621,513 154,687,261 156,515,326 154,390,340
Hudson Pacific Partners L.P.        
REVENUES        
Total revenues $ 198,610,000 $ 196,656,000 $ 404,837,000 $ 394,045,000
OPERATING EXPENSES        
General and administrative 17,897,000 18,344,000 36,515,000 36,438,000
Depreciation and amortization 73,516,000 69,606,000 147,279,000 138,111,000
Total operating expenses 163,975,000 158,385,000 330,866,000 316,908,000
OTHER (EXPENSE) INCOME        
Income (loss) from unconsolidated real estate entity 410,000 (85,000) 174,000 (85,000)
Fee income 556,000 0 1,166,000 0
Interest expense (27,930,000) (26,552,000) (54,347,000) (50,902,000)
Interest income 1,048,000 1,008,000 2,073,000 2,032,000
Transaction-related expenses (157,000) 0 (259,000) (128,000)
Unrealized loss on non-real estate investment (2,267,000) 0 (2,848,000) 0
Impairment loss 0 0 0 (52,201,000)
Other income 716,000 181,000 1,030,000 75,000
Total other expense (27,624,000) (25,448,000) (53,011,000) (101,209,000)
NET INCOME (LOSS) 7,011,000 12,823,000 20,960,000 (24,072,000)
Net income attributable to preferred units (153,000) (153,000) (306,000) (306,000)
Net income attributable to participating securities (25,000) (48,000) (97,000) (356,000)
Net income attributable to non-controlling interest in consolidated real estate entities (3,890,000) (3,317,000) (7,407,000) (6,138,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 770,000 558,000 1,403,000 1,158,000
Net income (loss) attributable to Hudson Pacific Properties, L.P. 3,891,000 10,064,000 14,956,000 (29,052,000)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 3,713,000 $ 9,863,000 $ 14,553,000 $ (29,714,000)
BASIC AND DILUTED PER SHARE AMOUNTS        
Net income (loss) attributable to common unitholders —basic (in dollars per share) $ 0.02 $ 0.06 $ 0.09 $ (0.19)
Net income (loss) attributable to common unitholders —diluted (in dollars per share) $ 0.02 $ 0.06 $ 0.09 $ (0.19)
Weighted average shares of common units outstanding—basic (in shares) 154,218,834 155,105,359 154,781,647 155,047,979
Weighted average shares of common units outstanding—diluted (in shares) 155,012,834 156,175,004 155,906,647 155,047,979
Office segment        
REVENUES        
Rental $ 180,654,000 $ 172,256,000 $ 361,767,000 $ 342,453,000
Revenues 3,654,000 6,791,000    
Total revenues 184,308,000 179,047,000 370,735,000 354,905,000
OPERATING EXPENSES        
Operating expenses 64,611,000 60,896,000 128,471,000 121,711,000
Office segment | Service and other revenues        
REVENUES        
Revenues     8,968,000 12,452,000
Office segment | Hudson Pacific Partners L.P.        
REVENUES        
Rental 180,654,000 172,256,000 361,767,000 342,453,000
Revenues 3,654,000 6,791,000    
Total revenues 184,308,000 179,047,000 370,735,000 354,905,000
OPERATING EXPENSES        
Operating expenses 64,611,000 60,896,000 128,471,000 121,711,000
Office segment | Hudson Pacific Partners L.P. | Service and other revenues        
REVENUES        
Revenues     8,968,000 12,452,000
Studio segment        
REVENUES        
Rental 12,128,000 14,521,000 25,043,000 26,915,000
Revenues 2,174,000 3,088,000    
Total revenues 14,302,000 17,609,000 34,102,000 39,140,000
OPERATING EXPENSES        
Operating expenses 7,951,000 9,539,000 18,601,000 20,648,000
Studio segment | Service and other revenues        
REVENUES        
Revenues     9,059,000 12,225,000
Studio segment | Hudson Pacific Partners L.P.        
REVENUES        
Rental 12,128,000 14,521,000 25,043,000 26,915,000
Revenues 2,174,000 3,088,000    
Total revenues 14,302,000 17,609,000 34,102,000 39,140,000
OPERATING EXPENSES        
Operating expenses $ 7,951,000 $ 9,539,000 18,601,000 20,648,000
Studio segment | Hudson Pacific Partners L.P. | Service and other revenues        
REVENUES        
Revenues     $ 9,059,000 $ 12,225,000