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Equity (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Comprehensive income (loss)

The table below presents the activity related to Hudson Pacific Properties Inc.’s accumulated other comprehensive (loss) income (“OCI”):

						Derivative Instruments						Currency Translation Adjustments						Total Equity
BALANCE AT DECEMBER 31, 2019						$	(2,391)					$	1,830					$	(561)
Unrealized losses recognized in OCI						(13,982)						(2,848)						(16,830)
Reclassification adjustment for realized gains(1)						1,503						—						1,503
Net change in OCI						(12,479)						(2,848)						(15,327)
BALANCE AT JUNE 30, 2020						$	(14,870)					$	(1,018)					$	(15,888)

_____________

1.The gains and losses on the Company’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $54.3 million for the six months ended June 30, 2020.

The table below presents the activity related to Hudson Pacific Properties L.P.’s OCI:

						Derivative Instruments						Currency Translation Adjustments						Total Capital
BALANCE AT DECEMBER 31, 2019						$	(2,458)					$	1,845					$	(613)
Unrealized losses recognized in OCI						(14,129)						(2,861)						(16,990)
Reclassification adjustment for realized gains(1)						1,511						—						1,511
Net change in OCI						(12,618)						(2,861)						(15,479)
BALANCE AT JUNE 30, 2020						$	(15,076)					$	(1,016)					$	(16,092)

_____________

1.The gains and losses on the operating partnership’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $54.3 million for the six months ended June 30, 2020.

Schedule of ownership interest in operating partnership

The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units as of:

			June 30, 2020						December 31, 2019
Company-owned common units in the operating partnership			153,319,333						154,691,052
Company’s ownership interest percentage			99.4		%				99.4		%
Non-controlling units in the operating partnership(1)			911,858						911,858
Non-controlling ownership interest percentage			0.6		%				0.6		%

_________________ 

1.Represents units held by certain of the Company’s executive officers, directors and outside investors. As of June 30, 2020, this amount represents both common units and performance units of 550,969 and 360,889, respectively. As of December 31, 2019, this amount represents both common units and performance units of 550,969 and 360,889, respectively.

Schedule of dividends payable

The following table summarizes dividends declared and paid for the periods presented:

			Three Months Ended June 30,																		Six Months Ended June 30,
			2020						2019						2020						2019
Common stock			$	0.25					$	0.25					$	0.50					$	0.50
Common units			$	0.25					$	0.25					$	0.50					$	0.50
Series A preferred units			$	0.3906					$	0.3906					$	0.7812					$	0.7812
Performance units			$	0.25					$	0.25					$	0.50					$	0.50
Payment date			June 29, 2020						June 27, 2019						N/A						N/A
Record date			June 19, 2020						June 17, 2019						N/A						N/A

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Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

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-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
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Tabular disclosure of other units or shares or classes of ownership in a partnership.

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