EX-99.2 3 q42019ex992flat.htm EXHIBIT 99.2

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 52. 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 | Fourth Quarter 2019 Table of Contents Page Executive Summary, Corporate Data, Executive Management, Board of Directors, Equity Research Coverage and Rating Agencies 4 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 24 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance 25 Operational and Portfolio Information 27 In-Service Office Properties 28 In-Service Office Properties by Location 31 Studio Properties 33 Land Properties 34 Corporate Headquarters: Repositioning, Redevelopment, Development and Held For Sale Properties 35 11601 Wilshire Boulevard, 9th Floor, Los Angeles, CA 90025 Under Construction and Future Development Projects 36 (310) 445-5700 Recently Completed, Under Construction and Planned Project Images 38 Office Tenant Industry Diversification 39 Fifteen Largest Office Tenants 40 Website: Office Property Leasing Activity 42 HudsonPacificProperties.com Commenced Office Leases with Non-Recurring Upfront Abatements 44 Uncommenced Office Leases—Next Eight Quarters 45 Backfilled Office Leases—Next Eight Quarters 46 NYSE Trading Symbol: Expiring Office Leases—Next Eight Quarters 47 HPP Expiring Office Leases—Annual 50 Definitions and Reconciliations 51 Investor Relations: Definitions 52 Laura Campbell Reconciliation of Net Income (Loss) to Net Operating Income 54 Senior Vice President, Investor Relations and Marketing Reconciliation of Net Income (Loss) to Company's Share of Net Operating (310) 622-1702 Income 55 Total Revenues Components 56 Company Outlook 57 Page 3 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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% largest publicly traded owner of office space in Silicon Valley, the largest independent owner/operator of studios in the U.S., and our portfolio totals • Net operating income and cash net operating income for the three same- nearly 19 million square feet, including land for development, in our core store studio properties decreased 3.1% and 1.0%, respectively markets. Our top-tier assets combined with our leasing and management Development expertise have enabled us to cultivate a tenant base of premier blue-chip • Placed in service 302,102-square-foot EPIC creative office development, and growth companies, like Google and Netflix. Our strategic focus is value which is fully pre-leased to Netflix creation through less capital- and time-intensive repositionings and redevelopments, although our deep in-house expertise allows us to execute • Commenced construction on 584,000-square-foot One Westside creative on a full range of opportunities—from incremental lease-up to cutting-edge office redevelopment, which is fully pre-leased to Google new construction. Capital Markets Financials (Compared to Fourth Quarter 2018) • Issued $400.0 million of 3.25% senior notes due January 2030 • Net income attributable to common stockholders of $13.6 million ($0.09 • Received upgraded credit rating from Moody’s to Baa2 with a stable outlook per diluted share) compared to $15.9 million ($0.10 per diluted share) Dividends • FFO, excluding specified items, of $85.4 million ($0.55 per diluted share) • Declared and paid a quarterly dividend of $0.25 per share on common stock compared to $76.0 million ($0.49 per diluted share) Guidance • Total revenue increased 9.3% to $216.9 million • Provided full-year 2020 FFO guidance of 2.14 to $2.22 per diluted share, Office Highlights excluding specified items • Executed 64 new and renewal leases totaling 434,619 square feet, with • Provided office and studio same-store cash NOI growth assumption GAAP and cash rent growth of 41.4% and 23.9%, respectively, including: midpoints of 5.0% and 5.5%, respectively ◦ 84,800-square-foot lease with Google at Foothill Research Center through February 2025 ◦ 71,424-square-foot lease with Shopify at Bentall Centre through Conference Call Information: September 2030 Thursday, February 20, 2020 at 11:00 AM PST / 2:00 PM EST • Stabilized and in-service office portfolios were 96.4% and 95.1% leased, (877) 407-0784 (U.S.) | (201) 689-8560 (International) respectively • Net operating income and cash net operating income for the 35 same- store properties increased 6.8% and 10.0%, respectively Page 4 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Corporate Data(1) Unaudited, in thousands, except per share data December 31, September 30, June 30, March 31, December 31, 2019 2019 2019 2019 2018 Number of office properties owned 52 52 53 52 52 Office square feet(2) 14,850,480 14,852,478 15,321,814 13,866,793 13,853,401 Stabilized office leased rate as of end of period(3) 96.4% 96.4% 96.6% 95.2% 95.4% In-service office leased rate as of end of period(4) 95.1% 94.7% 94.5% 92.9% 93.0% Number of studio properties owned 3 3 3 3 3 Same-store studio square feet(2)(5) 1,213,203 1,213,203 1,171,707 1,171,707 1,171,707 Same-store studio leased rate as of end of period(6) 92.6% 92.8% 92.6% 92.4% 91.6% Non-same-store studio square feet(2) 11,200 11,200 52,696 52,696 52,696 Non-same-store studio leased rate as of end of period(7) 81.3% 93.4% 100.0% 100.0% 100.0% Number of land properties owned(8) 7 7 8 6 6 Land properties estimated square feet(8) 2,681,376 2,681,376 3,627,726 2,639,562 2,639,562 Total portfolio square feet 18,756,259 18,758,257 20,173,943 17,730,758 17,717,366 Company’s Share of Debt(9)(10) $ 2,906,877 $ 2,804,550 $ 2,910,690 $ 2,699,602 $ 2,604,746 Company’s Share of Market Capitalization(9)(10) $ 8,855,350 $ 8,074,653 $ 8,158,747 $ 8,106,133 $ 7,157,173 Company’s Share of Debt/Company’s Share of Market Capitalization(9)(10) 32.8% 34.7% 35.7% 33.3% 36.4% Share data: FFO(10), excluding specific items, per common stock/unit—diluted(11) $ 0.55 $ 0.51 $ 0.48 $ 0.49 $ 0.49 Range of closing prices(11) $ 32.83 - 37.65 $ 32.96 - 35.41 $ 32.54 - 35.34 $ 27.53 - 34.72 $ 27.42 - 32.72 Closing price at quarter end $ 37.65 $ 33.46 $ 33.27 $ 34.42 $ 29.06 Weighted Average Fully Diluted Common Stock/Units Outstanding(10) 156,229 156,011 156,175 155,870 155,716 Shares of Common Stock/Units Outstanding at End of Period(10) 157,994 157,505 157,741 157,075 156,656 (1) Represents 100% share of consolidated and unconsolidated joint ventures except with respect to the Company’s Share of debt, market capitalization, the quotient of those amounts, and the items listed beneath the share data heading. (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, repositioning, redevelopment, development and held for sale properties described on pages 29, 34 and 35. (4) In-service office leased rate includes the stabilized office and lease-up properties described on pages 28 and 29. (5) Same-store studio defined as all properties owned and included in our studio portfolio as of October 1, 2018 and still owned and included in our studio portfolio as of December 31, 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) The percent leased as of December 31, 2019 for non-same-store studio is the average percent leased for 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. (8) Includes the pending purchase of Washington 1000. 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. (9) See capital structure on page 24 for additional detail. (10) See definitions starting on page 52. (11) For the quarter indicated. Page 5 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 Executive Vice President, General Counsel and Secretary Mark Lammas President and Treasurer Laura Campbell Senior Vice President, Investor Relations Alex Vouvalides and Marketing Chief Investment Officer and Chief Operating Officer Drew B. Gordon Senior Vice President, Northern Christopher Barton California Executive Vice President, Development and Capital Improvements Gary Hansel Senior Vice President, Southern Joshua A. Hatfield California Executive Vice President, Operations Bill Humphrey Harout Diramerian Senior Vice President, Sunset Studios Chief Financial Officer Andrea Rupp Steven Jaffe Senior Vice President, Human Resources Chief Risk Officer Andy Wattula Dale Shimoda Senior Vice President, Pacific Northwest Executive Vice President, Finance Chuck We Arthur X. Suazo Senior Vice President, Western Canada Executive Vice President, Leasing Page 6 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 are 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 and Chief Executive Executive Vice President and Chief Officer, 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 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Equity Research Coverage BofA Securities Mizuho James Feldman Omotayo Okusanya (646) 855-5808 (646) 949-9672 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 Piper Sandler & Company Michael Bilerman | Emmanuel Korchman Alexander Goldfarb (212) 816-1383 | (212) 816-1382 (212) 466-7937 D.A. Davidson Scotiabank Barry Oxford Nicholas Yulico (212) 240-9871 (212) 225-6904 Goldman Sachs SMBC Nikko Securities Richard Skidmore Richard Anderson (801) 741-5459 (646) 521-2351 Green Street Advisors Wells Fargo Securities Daniel Ismail Blaine Heck (949) 640-8780 (443) 263-2949 KeyBanc Capital Markets Craig Mailman (917) 368-2316 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 57

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

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Consolidated Balance Sheets In thousands, except share data December 31, 2019 December 31, 2018 ASSETS Investment in real estate, net $ 6,370,849 $ 6,363,906 Cash and cash equivalents 46,224 53,740 Restricted cash 12,034 14,451 Accounts receivable, net 13,007 14,004 Straight-line rent receivables, net 195,328 142,369 Deferred leasing costs and lease intangible assets, net 285,448 279,896 U.S. Government securities 140,749 146,880 Operating lease right-of-use asset 269,029 — Prepaid expenses and other assets, net 68,974 55,633 Investment in unconsolidated real estate entity 64,926 — TOTAL ASSETS $ 7,466,568 $ 7,070,879 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 2,817,910 $ 2,623,835 In-substance defeased debt 135,030 138,223 Joint venture partner debt 66,136 66,136 Accounts payable, accrued liabilities and other 212,673 175,300 Operating lease liability 272,701 — Lease intangible liabilities, net 31,493 45,612 Security deposits and prepaid rent 86,188 68,687 Total liabilities 3,622,131 3,117,793 Redeemable preferred units of the operating partnership 9,815 9,815 Redeemable non-controlling interest in consolidated real estate entities 125,260 113,141 Equity Hudson Pacific Properties, Inc. stockholders’ equity Common stock, $0.01 par value, 490,000,000 authorized, 154,691,052 shares and 154,371,538 shares outstanding at December 31, 1,546 1,543 2019 and 2018, respectively Additional paid-in capital 3,415,808 3,524,502 Accumulated other comprehensive (loss) income (561) 17,501 Non-controlling interest—members in consolidated real estate entities 269,487 268,246 Non-controlling interest—units in the operating partnership 23,082 18,338 Total equity 3,709,362 3,830,130 TOTAL LIABILITIES AND EQUITY $ 7,466,568 $ 7,070,879 Page 10 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Consolidated Statements of Operations Unaudited, in thousands, except share data Three Months Ended December 31, Year Ended December 31, 2019 2018 2019 2018 REVENUES Office Rental(1) $ 186,914 $ 143,407 $ 708,564 $ 533,184 Tenant recoveries(1) — 25,281 — 92,760 Service and other revenues(1) 6,832 7,301 25,171 26,573 Total office revenues 193,746 175,989 733,735 652,517 Studio Rental(1) 13,339 11,912 51,340 44,734 Tenant recoveries(1) — 860 — 2,013 Service and other revenues(1) 9,765 9,672 33,107 29,154 Total studio revenues 23,104 22,444 84,447 75,901 Total revenues 216,850 198,433 818,182 728,418 OPERATING EXPENSES Office operating expenses 67,529 62,345 256,209 226,820 Studio operating expenses 13,225 12,176 45,313 40,890 General and administrative 17,848 14,980 71,947 61,027 Depreciation and amortization 74,196 67,520 282,088 251,003 Total operating expenses 172,798 157,021 655,557 579,740 OTHER (EXPENSE) INCOME Loss from unconsolidated real estate entity (402) — (747) — Fee income 528 — 1,459 — Interest expense (28,353) (23,202) (105,845) (83,167) Interest income 1,010 1,225 4,044 1,718 Transaction-related expenses (208) (252) (667) (535) Unrealized gain on non-real estate investments — — — 928 Gains on sale of real estate — — 47,100 43,337 Impairment loss — — (52,201) — Other income 336 74 78 822 Total other expense (27,089) (22,155) (106,779) (36,897) Net income 16,963 19,257 55,846 111,781 Net income attributable to preferred units (153) (153) (612) (618) Net income attributable to participating securities (62) (108) (692) (663) Net income attributable to non-controlling interest in consolidated real estate entities (3,554) (2,873) (13,352) (11,883) Net loss (income) attributable to redeemable non-controlling interest in consolidated real 489 (120) 1,994 (169) estate entities Net income attributable to non-controlling interest in the operating partnership (107) (59) (459) (358) NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 13,576 $ 15,944 $ 42,725 $ 98,090 BASIC AND DILUTED PER SHARE AMOUNTS Net income attributable to common stockholders—basic $ 0.09 $ 0.10 $ 0.28 $ 0.63 Net income attributable to common stockholders—diluted $ 0.09 $ 0.10 $ 0.28 $ 0.63 Weighted average shares of common stock outstanding—basic 154,422,114 154,866,289 154,404,427 155,445,247 Weighted average shares of common stock outstanding—diluted 156,722,998 155,146,528 156,602,408 155,696,486 (1) We adopted a new accounting standard that required a change in our presentation of revenues. Refer to page 56 for details of our revenue components. Page 11 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Funds from Operations(1) Unaudited, in thousands, except per share data Three Months Ended Quarter To Date December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 December 31, 2018 NET INCOME (LOSS) $ 16,963 $ 62,955 $ 12,823 $ (36,895) $ 19,257 Adjustments: Depreciation and amortization—Consolidated 74,196 69,781 69,606 68,505 67,520 Depreciation and amortization—Corporate-related (557) (543) (530) (523) (530) Depreciation and amortization—Company’s Share from unconsolidated real estate investment 1,650 1,751 563 — — Gain on sale of real estate — (47,100) — — — Impairment loss — — — 52,201 — FFO attributable to non-controlling interests (7,544) (7,463) (6,831) (6,738) (7,312) FFO attributable to preferred units (153) (153) (153) (153) (153) FFO to common stockholders and unitholders 84,555 79,228 75,478 76,397 78,782 Specified items impacting FFO: Transaction-related expenses 208 331 — 128 252 Lease termination non-cash write-off — — — — (3,039) One-time debt extinguishment cost 601 — — 143 — FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ $ $ $ $ STOCKHOLDERS AND UNITHOLDERS 85,364 79,559 75,478 76,668 75,995 Weighted average common stock/units outstanding—diluted 156,229 156,011 156,175 155,870 155,716 FFO per common stock/unit—diluted $ 0.54 $ 0.51 $ 0.48 $ 0.49 $ 0.51 FFO (excluding specified items) per common stock/unit—diluted $ 0.55 $ 0.51 $ 0.48 $ 0.49 $ 0.49 Page 12 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Funds from Operations (continued) Unaudited, in thousands, except per share data Twelve Months Nine Months Six Months Three Months Twelve Months Ended Ended Ended Ended Ended Year To Date December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 December 31, 2018 NET INCOME (LOSS) $ 55,846 $ 38,883 $ (24,072) $ (36,895) $ 111,781 Adjustments: Depreciation and amortization—Consolidated 282,088 207,892 138,111 68,505 251,003 Depreciation and amortization—Corporate-related (2,153) (1,596) (1,053) (523) (2,000) Depreciation and amortization—Company’s Share from unconsolidated real estate investment 3,964 2,314 563 — — Gain on sale of real estate (47,100) (47,100) — — (43,337) Impairment loss 52,201 52,201 52,201 52,201 — Unrealized gain on non-real estate investment(2) — — — — (928) FFO attributable to non-controlling interests (28,576) (21,032) (13,569) (6,738) (22,978) FFO attributable to preferred units (612) (459) (306) (153) (618) FFO to common stockholders and unitholders 315,658 231,103 151,875 76,397 292,923 Specified items impacting FFO: Transaction-related expenses 667 459 128 128 535 Lease termination non-cash write-off — — — — (3,039) One-time debt extinguishment cost 744 143 143 143 421 FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON $ $ $ $ $ STOCKHOLDERS AND UNITHOLDERS 317,069 231,705 152,146 76,668 290,840 Weighted average common stock/units outstanding—diluted 156,113 155,912 156,091 155,870 156,266 FFO per common stock/unit—diluted $ 2.02 $ 1.48 $ 0.97 $ 0.49 $ 1.87 FFO (excluding specified items) per common stock/unit—diluted $ 2.03 $ 1.49 $ 0.97 $ 0.49 $ 1.86 (1) See definitions starting on page 52. (2) During second quarter 2018, we recognized a $928 thousand 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 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Adjusted Funds from Operations(1) Unaudited, in thousands Three Months Ended Quarter To Date December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 December 31, 2018 FFO $ 84,555 $ 79,228 $ 75,478 $ 76,397 $ 78,782 Adjustments: Straight-line rent, net (12,497) (9,345) (9,779) (15,111) (9,579) Amortization of above-market and below-market leases, net (3,076) (2,976) (2,885) (3,895) (6,168) Amortization of above-market and below-market ground leases, net 605 605 604 605 605 Amortization of lease incentive costs 477 472 416 301 404 Amortization of deferred financing costs and loan discounts/ premiums, net 1,875 1,428 1,445 1,576 1,423 Recurring capital expenditures, tenant improvements and lease ) ) ) ) ) commissions (35,205 (28,459 (26,144 (55,311 (32,707 Non-cash compensation expense 4,088 5,176 5,067 5,150 4,109 AFFO $ 40,822 $ 46,129 $ 44,202 $ 9,712 $ 36,869 Dividends paid to common stock and unitholders $ 39,129 $ 39,132 $ 39,137 $ 40,427 $ 38,950 AFFO payout ratio 95.9% 84.8% 88.5% 416.3% 105.6% Twelve Months Nine Months Six Months Three Months Twelve Months Ended Ended Ended Ended Ended Year To Date December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 December 31, 2018 FFO $ 315,658 $ 231,103 $ 151,875 $ 76,397 $ 292,923 Adjustments: Straight-line rent, net (46,732) (34,235) (24,890) (15,111) (34,557) Amortization of above-market and below-market leases, net (12,832) (9,756) (6,780) (3,895) (16,369) Amortization of above-market and below-market ground leases, net 2,419 1,814 1,209 605 2,412 Amortization of lease incentive costs 1,666 1,189 717 301 1,364 Amortization of deferred financing costs and loan discounts/ premiums, net 6,324 4,449 3,021 1,576 5,904 Recurring capital expenditures, tenant improvements and lease ) ) ) ) ) commissions (145,119 (109,914 (81,455 (55,311 (113,026 Non-cash compensation expense 19,481 15,393 10,217 5,150 17,028 AFFO $ 140,865 $ 100,043 $ 53,914 $ 9,712 $ 155,679 Dividends paid to common stock and unitholders $ 157,825 $ 118,696 $ 79,564 $ 40,427 $ 157,003 AFFO payout ratio 112.0% 118.6% 147.6% 416.3% 100.9% (1) See definitions starting on page 52. Page 14 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Same-Store Property Performance—Consolidated Unaudited, in thousands, except number of properties and square feet SAME-STORE STATISTICS Three Months Ended December 31, Year Ended December 31, 2019 2018 % change 2019 2018 % change SAME-STORE OFFICE STATISTICS(1)(2) Number of properties 35 35 31 31 Rentable square feet 8,553,011 8,553,011 7,796,671 7,796,671 Ending % leased 96.0% 95.3% 0.7% 95.8% 95.1% 0.7% Ending % occupied 95.7% 94.4% 1.3% 95.5% 94.2% 1.3% Average % occupied for the period 94.6% 93.4% 1.2% 94.0% 92.9% 1.1% SAME-STORE STUDIO STATISTICS(3) Number of properties 3 3 3 3 Rentable square feet 1,213,203 1,213,203 1,171,707 1,171,707 Average % occupied for the period(4) 92.6% N/A (5) N/A 92.3% 91.6% 0.7% SAME-STORE ANALYSIS—NET OPERATING INCOME Three Months Ended December 31, Year Ended December 31, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME(6) Total office revenues $ 135,474 $ 126,273 7.3% $ 471,885 $ 438,799 7.5% Total studio revenues 23,077 22,377 3.1 81,963 74,592 9.9 Same-store revenues 158,551 148,650 6.7 553,848 513,391 7.9 Total office expenses 44,416 40,983 8.4 146,969 140,594 4.5 Total studio expenses 13,166 12,149 8.4 44,879 40,628 10.5 Same-store expenses 57,582 53,132 8.4 191,848 181,222 5.9 Same-store office net operating income 91,058 85,290 6.8 324,916 298,205 9.0 NOI margin 67.2% 67.5% (0.3) 68.9% 68.0% 0.9 Same-store studio net operating income 9,911 (7) 10,228 (7) (3.1) 37,084 (7) 33,964 (7) 9.2 NOI margin 42.9% 45.7% (2.8) 45.2% 45.5% (0.3) TOTAL SAME-STORE NET OPERATING INCOME $ 100,969 $ 95,518 5.7% $ 362,000 $ 332,169 9.0% NOI margin 63.7% 64.3% (0.6) 65.4% 64.7% 0.7 Page 15 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 December 31, Year Ended December 31, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME (CASH BASIS) Total office cash revenues $ 130,477 $ 119,124 9.5% $ 441,945 $ 417,513 5.9% Total studio cash revenues 22,896 21,981 4.2 80,916 73,172 10.6 Same-store cash revenues 153,373 141,105 8.7 522,861 490,685 6.6 Total office cash expenses 43,720 40,287 8.5 144,670 138,295 4.6 Total studio cash expenses 13,166 12,149 8.4 44,879 40,628 10.5 Same-store cash expenses 56,886 52,436 8.5 189,549 178,923 5.9 Same-store office net operating income (cash basis) 86,757 78,837 10.0 297,275 279,218 6.5 NOI margin 66.5% 66.2% 0.3 67.3% 66.9% 0.4 Same-store studio net operating income (cash basis) 9,730 (7) 9,832 (7) (1.0) 36,037 (7) 32,544 (7) 10.7 NOI margin 42.5% 44.7% (2.2) 44.5% 44.5% — SAME-STORE NET OPERATING INCOME (CASH BASIS) $ 96,487 $ 88,669 8.8% $ 333,312 $ 311,762 6.9% NOI margin 62.9% 62.8% 0.1 63.7% 63.5% 0.2 (1) Same-store office for the three months ended December 31, 2019 defined as all properties owned and included in our stabilized office portfolio as of October 1, 2018 and still owned and included in the stabilized office portfolio as of December 31, 2019. Same-store office for the 12 months ended December 31, 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 December 31, 2019. (2) See pages 28 and 29 for same-store office properties. (3) Same-store studio for the three months ended December 31, 2019 defined as all properties owned and included in our studio portfolio as of October 1, 2018 and still owned and included in our studio portfolio as of December 31, 2019. Same-store studio for the 12 months ended December 31, 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 December 31, 2019. Same-store studio for the three months ended December 31, 2019 excludes 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. Same-store studio for the 12 months ended December 31, 2019 excludes 6605 Eleanor Avenue and 1034 Seward Street, which were acquired on June 7, 2018, and 6660 Santa Monica Boulevard. (4) Percent occupied for same-store studio is the average percent occupied for the 12 months ended December 31, 2019. (5) Trailing 12-month occupancy is not applicable for 6605 Eleanor Avenue and 1034 Seward Street during the three months ended December 31, 2018 as the properties were acquired in second quarter 2018. (6) See page 54 for the reconciliation of net income to net operating income (NOI). (7) Building 70 at Sunset Gower Studios was taken off-line during fourth quarter 2018. Net operating income related to Building 70 is included for the first three quarters of 2018. Page 16 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 (1) Same-Store Property Performance—Company’s Share Unaudited, in thousands, except number of properties and square feet SAME-STORE STATISTICS Three Months Ended December 31, Year Ended December 31, 2019 2018 % change 2019 2018 % change SAME-STORE OFFICE STATISTICS(2)(3) Number of properties 35 35 31 31 Rentable square feet 8,087,271 8,087,271 7,330,931 7,330,931 Ending % leased 95.9% 95.5% 0.4% 95.6% 95.3% 0.3% Ending % occupied 95.5% 94.5% 1.0% 95.2% 94.3% 0.9% Average % occupied for the period 94.6% 93.4% 1.2% 94.0% 92.9% 1.1% SAME-STORE STUDIO STATISTICS(4) Number of properties 3 3 3 3 Rentable square feet 1,213,203 1,213,203 1,171,707 1,171,707 Average % occupied for the period(5) 92.6% N/A (6) N/A 92.3% 91.6% 0.7% SAME-STORE ANALYSIS—NET OPERATING INCOME Three Months Ended December 31, Year Ended December 31, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME(7) Total office revenues $ 128,468 $ 120,403 6.7% $ 444,687 $ 415,491 7.0% Total studio revenues 23,077 22,377 3.1 81,963 74,592 9.9 Same-store revenues 151,545 142,780 6.1 526,650 490,083 7.5 Total office expenses 42,218 39,084 8.0 138,628 133,421 3.9 Total studio expenses 13,166 12,149 8.4 44,879 40,628 10.5 Same-store expenses 55,384 51,233 8.1 183,507 174,049 5.4 Same-store office net operating income 86,250 81,319 6.1 306,059 282,070 8.5 NOI margin 67.1% 67.5% (0.4) 68.8% 67.9% 0.9 Same-store studio net operating income 9,911 (8) 10,228 (8) (3.1) 37,084 (8) 33,964 (8) 9.2 NOI margin 42.9% 45.7% (2.8) 45.2% 45.5% (0.3) TOTAL SAME-STORE NET OPERATING INCOME $ 96,161 $ 91,547 5.0% $ 343,143 $ 316,034 8.6% NOI margin 63.5% 64.1% (0.6) 65.2% 64.5% 0.7 Page 17 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 (1) 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 December 31, Year Ended December 31, 2019 2018 % change 2019 2018 % change SAME-STORE NET OPERATING INCOME (CASH BASIS) Total office cash revenues $ 123,506 $ 113,267 9.0% $ 423,052 $ 393,864 7.4% Total studio cash revenues 22,896 21,981 4.2 80,916 73,172 10.6 Same-store cash revenues 146,402 135,248 8.2 503,968 467,036 7.9 Total office cash expenses 41,522 38,388 8.2 136,329 131,122 4.0 Total studio cash expenses 13,166 12,149 8.4 44,879 40,628 10.5 Same-store cash expenses 54,688 50,537 8.2 181,208 171,750 5.5 Same-store office net operating income (cash basis) 81,984 74,879 9.5 286,723 262,742 9.1 NOI margin 66.4% 66.1% 0.3 67.8% 66.7% 1.1 Same-store studio net operating income (cash basis) 9,730 (8) 9,832 (8) (1.0) 36,037 (8) 32,544 (8) 10.7 NOI margin 42.5% 44.7% (2.2) 44.5% 44.5% — SAME-STORE NET OPERATING INCOME (CASH BASIS) $ 91,714 $ 84,711 8.3% $ 322,760 $ 295,286 9.3% NOI margin 62.6% 62.6% — 64.0% 63.2% 0.8 (1) Includes properties in our consolidated and unconsolidated portfolio. (2) Same-store office for the three months ended December 31, 2019 defined as all properties owned and included in our stabilized office portfolio as of October 1, 2018 and still owned and included in the stabilized office portfolio as of December 31, 2019. Same-store office for the 12 months ended December 31, 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 December 31, 2019. (3) See pages 28 and 29 for same-store office properties. (4) Same-store studio for the three months ended December 31, 2019 defined as all properties owned and included in our studio portfolio as of October 1, 2018 and still owned and included in our studio portfolio as of December 31, 2019. Same-store studio for the 12 months ended December 31, 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 December 31, 2019. Same-store studio for the three months ended December 31, 2019 excludes 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. Same-store studio for the 12 months ended December 31, 2019 excludes 6605 Eleanor Avenue and 1034 Seward Street, which were acquired on June 7, 2018, and 6660 Santa Monica Boulevard. (5) Percent occupied for same-store studio is the average percent occupied for the 12 months ended December 31, 2019. (6) Trailing 12-month occupancy is not applicable for 6605 Eleanor Avenue and 1034 Seward Street during the three months ended December 31, 2018 as the properties were acquired in second quarter 2018. (7) See page 54 for the reconciliation of net income to net operating income (NOI). (8) 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 three quarters of 2018. Page 18 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Net Operating Income Detail (NOI) Three Months Ended December 31, 2019 | Unaudited, in thousands Repositioning/ Same-Store Same-Store Non-Same- Non-Same- Redevelopment Office Studio Store Office Store Studio Lease-Up Sold/Other Total (1) (2) (3) (2) /Development (3) Properties Properties Properties Properties Properties(4) Properties Properties Properties REVENUE Cash rent $ 103,370 $ 12,889 $ 26,357 $ 19 $ — $ 12,793 $ 19 $ 155,447 Cash tenant recoveries 22,130 242 4,693 8 — 1,960 3 29,036 Straight-line rent 3,432 190 9,044 — — 691 — 13,357 Amortization of above-market and below-market 1,987 — 707 — — 223 — 2,917 leases, net Amortization of lease incentive costs (422) (9) (48) — — (25) — (504) Total rental revenue(5) 130,497 13,312 40,753 27 — 15,642 22 200,253 Services revenue and other 4,977 9,765 1,386 — — 456 13 16,597 Total revenue 135,474 23,077 42,139 27 — 16,098 35 216,850 OPERATING EXPENSES Property operating cash expenses 43,720 13,166 15,098 59 2 7,692 36 79,773 Straight-line rent 106 — 260 — — — — 366 Amortization of above-market and below-market 590 — 23 — — 2 — 615 ground leases, net Total operating expenses 44,416 13,166 15,381 59 2 7,694 36 80,754 TOTAL CONSOLIDATED NOI(5) $ 91,058 $ 9,911 $ 26,758 $ (32) $ (2) $ 8,404 $ (1) $ 136,096 COMPANY’S SHARE OF NOI FROM (6) UNCONSOLIDATED REAL ESTATE ENTITY — — 2,645 — — — — 2,645 TOTAL NOI ATTRIBUTABLE TO 4,808 (7) — 3,119 (8) — — (8) (9) — 7,919 NON-CONTROLLING INTERESTS Square feet(10) 8,553,011 1,213,203 2,809,933 11,200 727,796 1,282,598 — 14,597,741 Ending % leased 96.0% 92.6% 97.4% 81.3 % 80.2% 82.4% —% 94.0% Ending % occupied 95.7% 92.6% 96.1% 81.3 % —% 77.4% —% 89.1% NOI margin 67.2% 42.9% 63.5% (118.5)% —% 52.2% —% 62.8% RECONCILIATION TO CASH NOI TOTAL NOI $ 91,058 $ 9,911 $ 26,758 $ (32) $ (2) $ 8,404 $ (1) $ 136,096 Straight-line rent, net (3,326) (190) (8,784) — — (691) — (12,991) Amortization of above-market and below-market (1,987) — (707) — — (223) — (2,917) leases, net Amortization of lease incentive costs 422 9 48 — — 25 — 504 Amortization of above-market and below-market 590 — 23 — — 2 — 615 ground leases, net TOTAL CONSOLIDATED CASH NOI $ 86,757 $ 9,730 $ 17,338 $ (32) $ (2) $ 7,517 $ (1) $ 121,307 COMPANY’S SHARE OF CASH NOI FROM (6) UNCONSOLIDATED REAL ESTATE ENTITY — — 1,614 — — — — 1,614 TOTAL CASH NOI ATTRIBUTABLE TO NON- (7) (8) (9) CONTROLLING INTERESTS 4,798 — 2,425 — — (11) — 7,212 Page 19 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Net Operating Income Detail (NOI) (continued) (1) See pages 28 and 29 for same-store office for the three months ended December 31, 2019. (2) Same-store studio includes Sunset Bronson Studios, Sunset Gower Studios, Sunset Las Palmas Studio, 6605 Eleanor Avenue and 1034 Seward Street. Non-same-store studio is comprised of 6660 Santa Monica Boulevard, which was acquired on October 23, 2018. (3) See page 29 for non-same-store office and lease-up properties. (4) See page 35 for repositioning, redevelopment, development and held for sale properties. (5) See page 54 and 55 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 average monthly foreign currency exchange rate for the period presented. (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 10850 Pico. (10) Represents 100% ownership of our consolidated portfolio. Excludes square footage related to our unconsolidated joint venture, Bentall Centre. Page 20 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Debt Summary As of December 31, 2019 | Unaudited, in thousands Unsecured revolving credit facility Principal (2)(3) Contractual Annual Debt Balance at Undrawn Amount(1) Interest Rate Maturity Date(4) Service(1) Maturity Capacity Capacity Unsecured revolving credit facility $ 75,000 (5) LIBOR + 1.05% to 1.50% 3/13/2022 $ — $ 75,000 $ 600,000 $ 525,000 Unsecured term loans Principal (2)(3) Contractual Annual Debt Balance at Fixed Libor Amount(1) Interest Rate Maturity Date Service(1) Maturity (6) 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 $ 475,000 $ 13,726 $ 475,000 Unsecured private placement Principal (2) Contractual Annual Debt Balance at Amount(1) Interest Rate 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 (2) Contractual Annual Debt Balance at Issuance Issue Price as Effective Amount(1) Interest Rate 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% 3.25% Registered senior notes(5) 400,000 3.25% 1/15/2030 13,000 400,000 10/3/2019 99.268% 3.46% TOTAL $ 1,300,000 $ 52,050 $ 1,300,000 Page 21 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Debt Summary (continued) As of December 31, 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) 26,312 5.32% 3/11/2022 2,003 24,981 26,312 One Westside(10) 5,646 LIBOR + 1.70% 12/18/2023 — 5,646 4,235 Revolving Sunset Bronson Studios/ ICON/CUE facility(11) 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(12) 101,000 3.38% 11/6/2028 3,414 101,000 55,550 TOTAL $ 370,459 $ 15,526 $ 369,128 $ 323,598 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(13) $ 135,030 4.47% 10/1/2022 $ 9,391 $ 125,489 $ 101,273 Joint venture debt(14) $ 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(15) $ 485,263 CDOR + 1.75% 7/1/2024 $ — $ 485,263 $ 97,053 (1) See definitions starting on page 52. (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 December 31, 2019, no such election had been made. (4) The maturity date may be extended once for an additional one-year term. (5) On October 3, 2019, the operating partnership completed an underwritten public offering of $400.0 million of senior notes due January 15, 2030. The notes were issued at 99.268% of par value, with a coupon of 3.25%. The net proceeds from the offering were used to repay the $300.0 million term loan due April 1, 2020 and to pay down $80.0 million on the unsecured revolving credit facility. (6) The interest rate on the outstanding balance has been effectively fixed through the use of interest rate swaps. (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 the ability to draw up to $414.6 million under our construction loan secured by our One Westside development property. (11) 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. Page 22 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Debt Summary (continued) (12) 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. (13) 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. (14) 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. (15) 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 December 31, 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 23 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Capital Structure As of December 31, 2019 | Unaudited, in thousands, except share data and percentages Aggregate Principal Shares/Units Amount or $ Equivalent Unsecured revolving credit facility $ 75,000 Unsecured term loans 475,000 Unsecured private placement 625,000 Unsecured registered senior notes 1,300,000 Secured debt 370,459 Total Consolidated Unsecured and Secured Debt(1) 2,845,459 Add: Series A preferred units 392,598 9,815 Total Consolidated Debt(1) 2,855,274 Add: Company’s Share of unconsolidated joint venture debt(2) 97,053 Less: Partner’s Share of consolidated debt(3) (46,862) Company’s Share of Debt(1) 2,905,465 EQUITY Common stock 154,691,052 $ 5,824,118 Operating partnership units 911,858 34,331 Restricted stock and units 1,068,463 40,228 Dilutive shares(1) 1,322,605 49,796 TOTAL EQUITY 157,993,978 $ 5,948,473 (4) CONSOLIDATED MARKET CAPITALIZATION(1) $ 8,803,747 COMPANY’S SHARE OF MARKET CAPITALIZATION(1) $ 8,853,938 CONSOLIDATED DEBT/CONSOLIDATED MARKET CAPITALIZATION 32.4% COMPANY’S SHARE OF DEBT/COMPANY’S SHARE OF MARKET CAPITALIZATION 32.8% (1) See definitions starting on page 52. (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 December 31, 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 December 31, 2019 closing price at $37.65 per share of common stock. Page 24 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance Unaudited, in thousands DEBT COMPOSITION DEBT COVENANT COMPLIANCE Weighted Average Covenant Actual % of Total Interest Years to 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% 35.4% Unsecured debt $ 2,475,000 85.5% 3.9% 6.7 Secured debt 420,650 14.5 4.1% 4.8 Unsecured indebtedness to unencumbered asset value ≤ 60% 41.4% TOTAL $ 2,895,650 100.0% Adjusted EBITDA to fixed charges ≥ 1.5x 3.5x Secured indebtedness to total asset value ≤ 45% 5.6% COMPANY’S SHARE OF FLOATING AND FIXED-RATE DEBT Unencumbered NOI to unsecured interest expense ≥ 2.0x 3.4x Floating-rate debt $ 181,288 6.3% 3.6% 3.8 (6) UNSECURED REGISTERED SENIOR NOTES Fixed-rate debt(3) 2,714,362 93.7 3.9% 6.6 Debt to total assets ≤ 60% 38.2% TOTAL $ 2,895,650 100.0% Total unencumbered assets to unsecured debt ≥ 150% 246.9% Weighted average stated interest rate(2) 3.9% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 3.8x GAAP effective rate including unamortized deferred 4.1% financing costs and loan discounts/premiums(4) Secured debt to total assets ≤ 45% 6.0% Page 25 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 and (ii) debt attributable 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 December 31, 2019. On October 3, 2019, the operating partnership completed an underwritten public offering of $400.0 million of senior notes due January 15, 2030. The notes were issued at 99.268% of par value, with a coupon of 3.25%. The net proceeds from the offering were used to repay the $300.0 million term loan due April 1, 2020 and to pay down the $80.0 million balance on the unsecured revolving credit facility. We have a right to extend the maturity of our unsecured revolving credit facility by one year to March 13, 2023. (2) Rates as of December 31, 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 December 31, 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 December 31, 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 December 31, 2019. As of December 31, 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 December 31, 2019. As of December 31, 2019, the operating partnership was in compliance with such indentures. Page 26 of 57

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

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 In-Service Office Properties(1) Square Percent Percent Annualized Annualized Submarket (2) (3) Leased(3) Base Rent(4) Base Rent Per Feet Occupied Square Foot(4) SAME-STORE(5) Greater Seattle, Washington Northview Center Lynnwood 182,009 80.1% 80.1% $ 3,229,710 $ 22.15 Met Park North Denny Triangle 183,355 100.0 100.0 5,581,789 30.44 411 First Pioneer Square 163,768 85.0 85.0 4,228,683 30.39 505 First Pioneer Square 288,009 100.0 100.0 7,024,518 24.39 83 King Pioneer Square 183,939 96.4 96.4 7,241,685 40.84 Subtotal 1,001,080 93.3 93.3 27,306,385 29.25 San Francisco Bay Area, California 1455 Market(6) San Francisco 1,034,977 99.2 99.2 51,506,914 50.15 275 Brannan San Francisco 57,120 100.0 100.0 3,459,968 60.57 625 Second San Francisco 138,094 100.0 100.0 8,630,715 62.50 875 Howard San Francisco 286,003 100.0 100.0 14,915,914 52.15 901 Market San Francisco 205,530 100.0 100.0 12,393,922 60.30 Rincon Center(7) San Francisco 545,754 96.4 96.4 30,325,912 57.66 Towers at Shore Center Redwood Shores 334,483 91.9 94.8 21,102,354 68.66 Skyway Landing Redwood Shores 247,173 97.1 97.1 12,577,564 52.39 555 Twin Dolphin Redwood Shores 198,936 87.9 87.9 9,950,892 56.87 Palo Alto Square(8) Palo Alto 333,254 97.8 98.9 28,984,513 88.89 3176 Porter Palo Alto 42,899 100.0 100.0 3,195,129 74.48 3400 Hillview Palo Alto 207,857 100.0 100.0 14,571,358 70.10 Clocktower Square Palo Alto 100,344 44.7 44.7 3,950,874 88.09 Foothill Research Center Palo Alto 195,376 100.0 100.0 14,037,570 71.85 Page Mill Center Palo Alto 176,245 64.1 64.1 8,429,895 74.64 Page Mill Hill Palo Alto 182,676 88.2 92.5 11,841,560 73.53 1740 Technology North San Jose 206,879 99.6 99.6 8,284,100 40.20 Concourse North San Jose 944,386 95.4 96.4 34,010,453 37.75 Skyport Plaza North San Jose 418,086 96.2 96.2 14,955,161 37.18 Techmart(8) Santa Clara 284,440 97.3 97.3 13,210,533 47.74 Subtotal 6,140,512 95.1 95.6 320,335,301 54.86 Los Angeles, California 6922 Hollywood Hollywood 202,528 99.9 99.9 10,434,964 51.58 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 CUE(8) Hollywood 94,386 100.0 100.0 5,530,567 58.60 604 Arizona(8) 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 2,953,500 46.60 10900 Washington West Los Angeles 9,919 100.0 100.0 435,642 43.92 10950 Washington West Los Angeles 159,198 100.0 100.0 6,925,613 43.50 Element LA West Los Angeles 284,037 100.0 100.0 16,838,535 59.28 Page 28 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 In-Service Office Properties(1) (continued) Square Percent Percent Annualized Annualized Submarket (2) (3) (3) (4) Base Rent Per Feet Occupied Leased Base Rent (4) Square Foot Del Amo Torrance 113,000 100.0 100.0 3,327,208 29.44 Subtotal 1,411,419 100.0 100.0 73,935,807 52.39 Total same-store 8,553,011 95.7 96.0 421,577,493 51.51 NON-SAME-STORE Vancouver, British Columbia Bentall Centre(9) Downtown Vancouver 1,477,142 89.5 96.3 34,389,306 26.01 Subtotal 1,477,142 89.5 96.3 34,389,306 26.01 Greater Seattle, Washington Hill7(6) Denny Triangle 285,310 100.0 100.0 10,901,893 38.21 450 Alaskan Pioneer Square 170,974 95.4 95.4 6,526,897 40.02 Subtotal 456,284 98.3 98.3 17,428,790 38.87 San Francisco Bay Area, California Ferry Building(6) San Francisco 268,018 98.5 98.7 24,803,695 93.93 Metro Plaza(10) North San Jose 439,297 92.6 95.4 16,549,963 40.70 Gateway North San Jose 609,093 95.7 96.9 23,306,752 39.99 Subtotal 1,316,408 95.2 96.7 64,660,410 51.58 Los Angeles, California EPIC Hollywood 302,102 100.0 100.0 20,786,585 68.81 11601 Wilshire West Los Angeles 500,475 94.9 96.4 21,656,496 45.60 Fourth & Traction Downtown Los Angeles 131,701 93.5 100.0 5,238,665 42.56 Maxwell Downtown Los Angeles 102,963 94.8 94.8 4,818,976 49.39 Subtotal 1,037,241 96.2 97.7 52,500,722 52.62 Total non-same-store 4,287,075 93.8 97.0 168,979,228 42.01 Total stabilized 12,840,086 95.1 96.4 590,556,721 48.38 Company’s Share of Total Stabilized 10,943,635 95.4 96.2 5 523,799,650 50.18 LEASE-UP Greater Seattle, Washington 95 Jackson Pioneer Square 35,904 74.3 74.3 1,077,904 40.43 Subtotal 35,904 74.3 74.3 1,077,904 40.43 San Francisco Bay Area, California Metro Center Foster City 736,986 75.1 82.0 33,029,663 59.70 333 Twin Dolphin Redwood Shores 182,789 68.9 74.9 7,307,552 57.99 Shorebreeze Redwood Shores 230,932 88.7 90.0 12,266,027 59.91 Subtotal 1,150,707 76.8 82.4 52,603,242 59.51 Los Angeles, California 10850 Pico(11) West Los Angeles 95,987 84.9 84.9 2,685,391 32.96 Subtotal 95,987 84.9 84.9 2,685,391 32.96 Total lease-up 1,282,598 77.4 82.4 56,366,537 56.81 TOTAL IN-SERVICE 14,122,684 93.5% 95.1% $ 646,923,258 $ 49.02 COMPANY’S SHARE OF TOTAL 12,202,236 93.5% 94.8% $ 579,494,839 $ 50.79 IN-SERVICE Page 29 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 In-Service Office Properties(1) (continued) (1) In-service office excludes the land, repositioning, redevelopment, development and held for sale properties described on pages 34 and 35. We define lease-up properties as office properties that have not yet reached 92.0% occupancy since the date acquired or placed under repositioning, redevelopment or development. (2) Square footage for office properties determined by management based upon estimated leasable square feet, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. (3) Percent occupied for office properties is calculated as (i) square footage under commenced leases as of December 31, 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 December 31, 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 December 31, 2019. Annualized base rent does not reflect tenant reimbursements. (5) Defined as all properties owned and included in our stabilized office portfolio as of October 1, 2018 and still owned and included in the stabilized office portfolio as of December 31, 2019. (6) We own 55% of the ownership interest in the consolidated joint ventures that own 1455 Market, Hill7, and Ferry Building. (7) 20,047 square feet at Rincon Center has been taken off-line for repositioning as of third quarter 2019. (8) Palo Alto Square, Techmart, CUE and 604 Arizona are not part of same-store office for the 12 months ended December 31, 2019. Same-store office for the twelve months ended December 31, 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 December 31, 2019. (9) 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 December 31, 2019. (10) 17,624 square feet at Metro Plaza has been taken off-line for repositioning as of fourth quarter 2019. (11) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico. Page 30 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 In-Service Office Properties by Location(1) Square Occupied Percent Leased Percent Annualized Annualized Base Rent Properties (3) (3) (4) (4) Feet(2) Square Feet Occupied Square Feet Leased Base Rent Per Square Foot STABILIZED Vancouver, British Columbia Downtown Vancouver(5) 1 1,477,142 1,322,354 89.5 % 1,422,851 96.3 % $ 34,389,306 $ 26.01 Subtotal 1 1,477,142 1,322,354 89.5 1,422,851 96.3 34,389,306 26.01 Greater Seattle, Washington Lynnwood 1 182,009 145,822 80.1 145,822 80.1 3,229,710 22.15 Denny Triangle 2 468,665 468,665 100.0 468,665 100.0 16,483,682 35.17 Pioneer Square 4 806,690 767,610 95.2 767,610 95.2 25,021,783 32.60 Subtotal 7 1,457,364 1,382,097 94.8 1,382,097 94.8 44,735,175 32.37 San Francisco Bay Area, California San Francisco 7 2,535,496 2,503,802 98.7 2,504,319 98.8 146,037,040 58.33 Redwood Shores 3 780,592 722,393 92.5 732,257 93.8 43,630,810 60.40 Palo Alto 7 1,238,651 1,091,012 88.1 1,102,431 89.0 85,010,899 77.92 North San Jose 5 2,617,741 2,498,827 95.5 2,528,018 96.6 97,106,429 38.86 Santa Clara 1 284,440 276,737 97.3 276,737 97.3 13,210,533 47.74 Subtotal 23 7,456,920 7,092,771 95.1 7,143,762 95.8 384,995,711 54.28 Los Angeles, California Hollywood 5 1,039,731 1,039,513 100.0 1,039,513 100.0 61,218,493 58.89 West Los Angeles 6 1,061,265 1,035,720 97.6 1,043,214 98.3 51,833,187 50.05 Torrance 1 113,000 113,000 100.0 113,000 100.0 3,327,208 29.44 Downtown Los Angeles 2 234,664 220,676 94.0 229,280 97.7 10,057,641 45.58 Subtotal 14 2,448,660 2,408,909 98.4 2,425,007 99.0 126,436,529 52.49 Total Stabilized 45 12,840,086 12,206,131 95.1 12,373,717 96.4 590,556,721 48.38 Company's Share of Total Stabilized 45 10,943,635 10,438,840 95.4 10,525,796 96.2 523,799,650 50.18 For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 30. (5) Annualized base rent and rental rates have been converted from CAD to USD using the foreign currency exchange rate as of December 31, 2019. Page 31 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 In-Service Office Properties by Location(1) (continued) Square Occupied Percent Leased Percent Annualized Annualized Base Rent Properties (3) (3) (4) (4) Feet(2) Square Feet Occupied Square Feet Leased Base Rent Per Square Foot LEASE-UP Greater Seattle, Washington Pioneer Square 1 35,904 26,661 74.3 26,661 74.3 1,077,904 $ 40.43 Subtotal 1 35,904 26,661 74.3 26,661 74.3 1,077,904 40.43 San Francisco Bay Area, California Foster City 1 736,986 553,231 75.1 603,965 82.0 33,029,663 59.70 Redwood Shores 2 413,721 330,763 79.9 344,653 83.3 19,573,579 59.18 Subtotal 3 1,150,707 883,994 76.8 948,618 82.4 52,603,242 59.51 Los Angeles, California West Los Angeles 1 95,987 81,479 84.9 81,479 84.9 2,685,391 32.96 Subtotal 1 95,987 81,479 84.9 81,479 84.9 2,685,391 32.96 Total Lease-up 5 1,282,598 992,134 77.4 1,056,758 82.4 56,366,537 56.81 TOTAL IN-SERVICE 50 14,122,684 13,198,265 93.5% 13,430,475 95.1% $ 646,923,258 $ 49.02 COMPANY’S SHARE OF TOTAL % % $ $ IN-SERVICE 50 12,202,236 11,410,605 93.5 11,562,184 94.8 579,494,839 50.79 For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 30. Page 32 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Studio Properties Square Percent of Percent Annual Annual Base Rent Per Feet Total Leased(1) Base Rent(2) Leased Square Foot(3) Sunset Gower Studios 531,756 (4) 43.4% 92.8% $ 18,394,200 $ 37.27 Sunset Bronson Studios 308,026 25.2 99.2 12,228,556 40.04 Sunset Las Palmas Studios 331,925 27.1 85.1 14,018,070 49.64 Total same-store studio(5) 1,171,707 95.7 92.3 44,640,826 41.28 Sunset Las Palmas Studios(6) 52,696 4.3 96.0 2,011,385 39.75 Total non-same-store studio 52,696 4.3 96.0 $ 2,011,385 39.75 TOTAL STUDIO 1,224,403 100.0% (1) Percent leased is the average percent leased for the 12 months ended December 31, 2019. (2) Annual base rent reflects actual base rent for the 12 months ended December 31, 2019, excluding tenant reimbursements. (3) Annual base rent per leased square foot calculated as (i) annual base rent divided by (ii) square footage under leased as of December 31, 2019. (4) Square footage for Sunset Gower Studios excludes 33,220 square feet related to Building 70 taken off-line during fourth quarter 2018. (5) 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 December 31, 2019. (6) Includes 41,496 square feet located at 6605 Eleanor Avenue and1034 Seward Street, and 11,200 square feet located at 6660 Santa Monica Boulevard, all of which are part of Sunset Las Palmas Studios. Page 33 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Land Properties Submarket Square Feet(1) Percent of Total Vancouver, British Columbia Bentall Centre—Development(2) Downtown Vancouver 450,000 16.8% Subtotal 450,000 16.8% Greater Seattle, Washington Washington 1000(3) 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(4) 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% COMPANY’S SHARE OF TOTAL LAND 2,321,376 (1) 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. (2) 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. (3) The final purchase of Washington 1000 was pending as of December 31, 2019. Square footage represents condominium rights to build a fully entitled 16-story office tower. (4) Square footage for Sunset Bronson Studios Lot D—Development represents management’s estimate of developable square footage for 33 residential units. Page 34 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Repositioning, 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) REPOSITIONING(5) San Francisco Bay Area, California Rincon Center(6) San Francisco 20,047 — — — — — — Metro Plaza(7) North San Jose 17,624 — — — — — — Total repositioning 37,671 — — — — — — REDEVELOPMENT Los Angeles, California One Westside West Los Angeles 584,000 — —% 584,000 (8) 100.0% (8) $ — (8) $ — Total redevelopment 584,000 — — 584,000 100.0 — — DEVELOPMENT Los Angeles, California Harlow Hollywood 106,125 — — — — — — Total development 106,125 — — — — — — TOTAL REPOSITIONING, REDEVELOPMENT, DEVELOPMENT 727,796 — —% 584,000 80.2% $ — $ — AND HELD FOR SALE COMPANY’S SHARE OF TOTAL REPOSITIONING, REDEVELOPMENT, 581,796 — —% 438,000 75.3% $ — $ — DEVELOPMENT AND HELD FOR SALE (1) Excludes in-service office and land properties with exception of land properties held for sale (see pages 28, 29 and 34). (2) Square footages determined by management based upon estimated leasable square footage, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. (3) Percent occupied for office properties is calculated as (i) square footage under commenced leases as of December 31, 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 December 31, 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 December 31, 2019. Annualized base rent does not reflect tenant reimbursements. (5) Reclassification of a portion of an asset for purposes of improving its quality and value through investment of significant capital, resulting in substantial down time in occupancy. (6) As of third quarter 2019. (7) As of fourth quarter 2019. (8) 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. Page 35 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Under Construction and Future Development Projects Unaudited, in thousands, except square feet Estimated Construction Period Project Costs(1) Estimated Initial Project Total Stabilized Estimated Estimated Estimated Costs Estimated Yield on Start Completion Stabilization Square Total % as of Project Project Submarket Date(2) Date(3) Date(4) Feet(5) Leased 12/31/19 Costs Costs(6) UNDER CONSTRUCTION Harlow Hollywood Q1-2018 Q2-2020 Q3-2021 106,125 —% $ 44,007 (7) $ 82,803 (7) 6.7% West Los (8) (9) $500,000- (9) (9) One Westside Angeles Q4-2019 Q1-2022 Q2-2023 584,000 100.0% 181,795 $550,000 7.50%-8.00% Total under construction 690,125 $ 225,802 FUTURE DEVELOPMENT PIPELINE Washington 1000 Denny TBD (10) TBD TBD 538,164 N/A $ 21,349 (10) $325,000- (10) 6.75%-7.25% Triangle $350,000 Bentall Centre—Development(11) 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 Sunset Las Palmas Studios— Hollywood TBD TBD TBD 400,000 N/A $ 21,169 (12) TBD TBD Development North San $ (13) Cloud10 Jose TBD TBD TBD 350,000 N/A 12,737 TBD TBD Total future development 2,681,376 TOTAL 3,371,501 (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 36 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Under Construction and Future Development 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 construction and development 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) Project costs as of December 31, 2019 and total estimated project costs for Harlow include $4.2 million for management’s estimate of allocated land and acquisition costs. (8) 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 35 for description of rent phasing and abatements. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. (9) 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 project costs, as well as project costs as of December 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 December 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. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. (10) Total estimated project costs for Washington 1000 include $86.0 million for management’s estimate of allocated land and acquisition costs. As of December 31, 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 delivery of the podium by the State of Washington, which is anticipated to occur during second quarter 2021. The Company may commence construction upon delivery of the podium. (11) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre—Development. (12) Project costs as of December 31, 2019 for Sunset Las Palmas Studios—Development include $20.8 million for management’s estimate of allocated land and acquisition costs. (13) Project costs as of December 31, 2019 for Cloud10 include approximately $10.5 million for management’s estimate of allocated land and acquisition costs. Page 37 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Recently Completed, Under Construction and Planned Project Images 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) 102,963 SF | Completed 1Q19 302,102 SF | Completed 4Q19 106,125 SF | Completion 1Q20 584,000 SF | Completion 1Q22 Planned 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) (1) 350,000 SF(1) | Completion TBD 423,396(1) SF | Completion TBD 538,164(1) SF | Completion TBD 450,000 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 38 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Office Tenant Industry Diversification(1) INDUSTRY DIVERSIFICATION TECHNOLOGY DIVERSIFICATION Company’s Share Company’s Share Annualized Annualized Annualized Annualized (2)(3) Base Rent as (2)(4) Base Rent as Square Base Rent Square Base Rent Industry Square Feet Percent of Square Feet Percent of Sector Feet(2) as Percent Feet(2) as Percent Total Total of Total of Total Technology 4,875,074 37.7% 4,373,555 37.8% Online services 1,078,162 28.4% 1,029,805 30.3% Media and Entertainment 1,830,500 15.7 1,752,533 17.1 Software 1,352,727 26.5% 1,290,797 28.1% Business Services 1,372,628 10.2 1,107,136 9.7 Computer hardware and % % technology equipment 1,097,748 16.7 1,077,650 18.3 Legal 755,991 7.5 691,973 8.1 Business support services 752,337 16.0% 541,262 13.1% Financial Services 1,095,338 8.0 812,151 7.3 Other 410,048 8.4% 262,520 5.9% Other 758,827 5.4 583,082 5.2 Biotechnology, healthcare % % Retail 742,203 4.9 681,671 4.8 and medical research 115,670 2.8 115,670 3.1 Real Estate 458,607 2.8 249,684 2.1 Telecommunications and 68,382 1.2% 55,851 1.2% Healthcare 190,612 1.7 179,511 1.8 networking Insurance 293,415 1.8 238,617 1.8 TOTAL 4,875,074 100.0% 4,373,555 100.0% Educational 177,997 1.6 173,042 1.7 MEDIA AND ENTERTAINMENT DIVERSIFICATION Government 292,218 1.6 228,385 1.4 Company’s Share Advertising 174,978 1.1 170,559 1.2 Annualized Annualized TOTAL 13,018,388 100.0% 11,241,899 100.0% Square Base Rent Square Base Rent Sector Feet(2) as Percent Feet(2) as Percent of Total of Total Entertainment production and % % service 1,251,471 69.3 1,200,971 69.2 Gaming 361,501 21.7 351,363 22.0 Advertising and marketing 133,889 6.7 133,889 6.9 Other 83,639 2.3 66,310 1.9 TOTAL 1,830,500 100.0% 1,752,533 100.0% (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 179,877 square feet occupied by the Company. (4) Excludes 168,706 square feet occupied by the Company. Page 39 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Fifteen Largest Office Tenants Company’s Share Percent of Percent of Credit Rating(3) Market (1) Lease Total Leased Total Leased Annualized Tenant Property Rentable (2) Annualized Capitalization Expiration Square Feet Square Feet Square Feet Base Rent Base Rent Moody’s S&P (in billions)(3) Netflix, Inc. Various 9/30/2031 722,245 (4) 722,245 5.7% $ 45,191,328 7.8% Ba3 BB- $ 141.8 Google, Inc. Various Various 593,558 (5) 574,949 4.5% 42,717,123 7.4% Aa2 AA+ 860.7 Nutanix, Inc. Various 5/31/2024 429,045 (6) 429,045 3.4% 17,021,086 2.9% 5.5 Riot Games, Inc. Element LA 3/31/2030 284,037 (7) 284,037 2.2% 16,838,535 2.9% — Qualcomm Skyport Plaza 7/31/2022 376,817 376,817 2.9% 14,080,898 2.4% A2 A- 100.7 Salesforce.com Rincon Center Various 265,394 (8) 265,394 2.1% 13,845,682 2.4% A3 A 144.3 Square, Inc. 1455 Market 9/27/2023 469,056 (9) 257,981 2.0% 12,614,197 2.2% 21.4 WeWork Companies Inc. Various Various 379,876 (10) 208,411 1.6% 10,608,732 1.8% — Dell EMC Corporation Various Various 294,756 (11) 294,756 2.3% 10,578,595 1.8% — Uber Technologies, Inc. 1455 Market 2/28/2025 325,445 (9) 178,995 1.4% 9,090,854 1.6% B2 B- 50.7 NFL Enterprises Various 12/31/2023 167,606 (12) 167,606 1.3% 7,361,255 1.3% — Regus Various Various 150,081 (13) 150,081 1.2% 6,588,011 1.1% — GitHub, Inc. Various 6/30/2025 92,450 (14) 92,450 0.7% 5,776,331 1.0% — Stanford Various Various 69,295 (15) 69,295 0.5% 5,731,253 1.0% — Technicolor Creative 6040 Sunset 5/31/2032 114,958 (16) 114,958 0.9% 5,592,201 1.0% B3 B 0.3 Services USA, Inc. TOTAL 4,734,619 4,187,020 32.7% $ 223,636,081 38.6% (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 December 31, 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 December 31, 2019. (3) Credit rating and market capitalization data provided by FactSet and as of December 31, 2019. Ratings reflect the rating of the tenant’s parent entity. There can be no assurance that the parent entity will satisfy the tenant’s obligations upon a tenant default. (4) Netflix, Inc. square footage by property: (i) 325,757 square feet at ICON, (ii) 302,102 square feet at EPIC, and (iii) 94,386 square feet at CUE. (5) 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) 170,283 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. Google, Inc. is expected to take possession of an additional 12,389 square feet at Foothill Research Center during first quarter 2020. 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 35 for description of rent phasing and abatements. Page 40 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Fifteen Largest Office Tenants (continued) (6) Nutanix, Inc. square footage by property: (i) 189,084 square feet at 1740 Technology, (ii) 131,351 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. (7) 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. (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 12 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, such that we will begin receiving an average of $340,000 per month of sublease cash rents starting June 2020, with annual growth thereafter. The Company’s share of sublease GAAP rents (i.e. straight-lined rents) will increase from approximately $0.3 million per month to approximately $0.4 million per month beginning April 2020. (9) We own 55% of the ownership interest in the consolidated joint venture that owns 1455 Market. (10) WeWork Companies Inc. expirations by square footage and property: (i) 5,334 square feet at Palo Alto Square expiring December 31, 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) 94,826 square feet at Maxwell expiring July 31, 2031, (v) 66,056 square feet at 1455 Market expiring October 31, 2031, and (vi) 146,611 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. (11) 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 the third quarter of 2020, with an expected expiration on June 30, 2026. (12) NFL Enterprises square footage by 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. (13) Regus expirations by square footage and property: (i) 44,957 square feet at Gateway expiring on March 31, 2022, (ii) 20,059 square feet at 11601 Wilshire expiring on February 29, 2024, (iii) 27,369 square feet at Techmart expiring on April 30, 2025, (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. (14) GitHub Inc. square footage by property: (i) 57,120 square feet at 275 Brannan and (ii) 35,330 square feet at 625 Second. (15) Stanford expirations by square footage and property: (i) Stanford University 26,080 square feet at Palo Alto Square expired on December 31, 2019 and (ii) The Board of Trustees of the Leland Stanford Junior University 43,215 square feet at Page Mill Center expiring on December 31, 2022. (16) Technicolor Creative Services USA, Inc. may elect to exercise its early termination right for the entire premises effective May 31, 2027 by delivering written notice on or before May 31, 2026. Page 41 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Office Property Leasing Activity(1) Three Months Ended Year Ended December 31, 2019 December 31, 2019 Total gross leasing activity Rentable square feet(2) 434,619 2,535,089 Gross new leasing activity Rentable square feet 315,473 1,785,606 New cash rate $ 55.51 $ 57.16 Gross renewal leasing activity Rentable square feet 119,146 749,483 Renewal cash rate $ 49.43 $ 59.03 Total leases expired and terminated Contractual (scheduled) expiration 300,829 931,500 Early termination 28,017 212,061 Total 328,846 1,143,561 Net absorption Leased rentable square feet (13,373) 642,045 Cash rent growth(3) Expiring rate $ 39.64 $ 46.73 New/renewal rate(4) $ 49.10 $ 57.29 Change 23.9% 22.6% Straight-line rent growth(5) Expiring rate $ 36.93 $ 43.00 New/renewal rate(4) $ 52.24 $ 58.74 Change 41.4% 36.6% Weighted average lease terms New (in months) 69.1 110.9 Renewal (in months) 38.1 48.3 TENANT IMPROVEMENTS AND LEASING COMMISSIONS(6) Lease Transaction Costs Per Square Foot Three Months Ended December 31, 2019 Year Ended December 31, 2019 Total Annual Total Annual New leases $ 98.12 $ 17.03 $ 103.04 $ 11.15 Renewal leases $ 8.81 $ 2.78 $ 19.40 $ 4.82 Blended $ 73.44 $ 14.55 $ 79.15 $ 10.21 (1) Represents 100% share of consolidated and unconsolidated joint ventures. (2) Includes square footage related to the Company’s management offices totaling 3,475 and 94,047 square feet for the three and 12 months ended December 31, 2019, respectively. Excludes 17,709 and 21,830 square feet of short-term temporary leases with no base rent, primarily utilized as swing spaces for tenants with pending move-in dates, for the three and 12 months ended December 31, 2019, respectively. (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 calculation of new rates compared to expiring rates for the three and 12 months ended December 31, 2019 utilize the weighted average starting rates for 181,223 and 600,761 square feet, respectively. The calculation of renewal rates compared to expiring rates utilize the weighted average starting rates of all renewals for the periods indicated. Page 42 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 (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 43 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Commenced Office Leases with Non-Recurring Upfront Abatements(1) Lease Starting Submarket Square Rent Lease Feet Start Date Start Date Base Rents(2) Expiration Date San Francisco Bay Area, California 625 Second San Francisco 29,616 12/17/2018 11/1/2019 $ 52.00 4/30/2027 Ferry Building(3) San Francisco 12,900 2/1/2019 4/1/2020 $ 102.00 7/31/2029 1455 Market(3) San Francisco 66,056 3/19/2019 10/15/2019 $ 66.00 10/31/2031 Ferry Building(3) 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 Towers at Shore Center Redwood Shores 25,549 7/15/2019 7/1/2020 $ 66.00 5/31/2024 Palo Alto Square Palo Alto 13,618 10/1/2019 2/1/2020 $ 95.40 12/31/2026 Foothill Research Center Palo Alto 72,411 12/18/2019 6/15/2020 $ 73.80 2/28/2025 Concourse(4) North San Jose 54,910 Various 5/1/2020 $ 43.20 7/31/2030 Los Angeles, California Fourth & Traction Downtown Los Angeles 77,456 7/17/2019 2/1/2020 $ 43.19 5/31/2030 Fourth & Traction Downtown Los Angeles 45,641 7/17/2019 3/1/2020 $ 41.48 5/31/2030 EPIC Hollywood 136,013 10/1/2019 4/1/2020 $ 68.40 9/30/2031 EPIC Hollywood 105,889 10/1/2019 10/1/2020 $ 68.40 9/30/2031 EPIC Hollywood 60,200 10/1/2019 4/1/2021 $ 70.44 9/30/2031 (1) Consists of leases for at least 10,000 square feet that commenced on or prior to December 31, 2019, with three or more months of upfront free rent resulting in a rent start date after the commencement of the three-month period ending December 31, 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 December 31, 2019, and (ii) 12, by (iii) leased square footage. Base rents do not include tenant reimbursements. (3) We own 55% of the ownership interest in the consolidated joint ventures that own 1455 Market and Ferry Building. (4) 26,541 square feet commenced during second quarter 2019, 7,849 square feet commenced during third quarter 2019 and 20,520 square feet commenced during fourth quarter 2019. Page 44 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Uncommenced Office Leases—Next Eight Quarters(1)(2) Company’s Share Q1 2020 Q2 2020 Q3 2020 Q1 2020 Q2 2020 Q3 2020 Starting Starting Starting Starting Starting Starting SF Rent per SF Rent per SF Rent per SF Rent per SF Rent per SF Rent per SF(3) SF(3) SF(3) SF(3) SF(3) SF(3) Vancouver, British Columbia Downtown Vancouver(4) 23,854 $ 7.98 76,643 $ 41.23 — $ — 4,771 $ 7.98 15,329 $ 41.23 — $ — Subtotal 23,854 7.98 76,643 41.23 — — 4,771 7.98 15,329 41.23 — — San Francisco Bay Area, California San Francisco 517 92.84 — — — — 284 92.95 — — — — Foster City 35,887 63.21 14,847 55.55 — — 35,887 63.21 14,847 55.55 — — Redwood Shores 23,754 68.15 — — — — 23,754 68.15 — — — — Palo Alto 11,419 64.70 — — — — 11,419 64.70 — — — — North San Jose 16,330 45.14 12,861 50.73 — — 16,330 45.14 12,861 50.73 — — Subtotal 87,907 61.56 — 27,708 53.32 — — 87,674 61.47 27,708 53.32 — — Los Angeles, California West Los Angeles 4,267 56.50 — — 3,227 63.00 4,267 56.50 — — 3,227 63.00 Subtotal 4,267 56.50 — — 3,227 63.00 4,267 56.50 — — 3,227 63.00 TOTAL UNCOMMENCED 116,028 $ 50.35 104,351 $ 44.44 3,227 $ 63.00 96,712 $ 58.61 43,037 $ 49.01 3,227 $ 63.00 (1) Consists of uncommenced leases, defined as new leases with respect to vacant space executed on or prior to December 31, 2019, but with commencement dates after December 31, 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 Q3 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 upfront free rents, if any. (4) Starting rental rates have been converted from CAD to USD using the foreign currency exchange rate as of December 31, 2019. Page 45 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Backfilled Office Leases—Next Eight Quarters(1)(2) Company’s Share Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Starting Starting Starting Starting Starting Starting Starting Starting SF Rent per SF Rent per SF Rent per SF Rent per SF Rent per SF Rent per SF Rent per SF Rent per SF(3) SF(3) SF(3) SF(3) SF(3) SF(3) SF(3) SF(3) Vancouver, British Columbia Downtown Vancouver(4) 2,681 $ 30.56 10,605 $ 31.56 — $ —— $ — 536 $ 30.57 2,121 $ 31.56 — $ —— $ — Subtotal 2,681 30.56 10,605 31.56 — — — — 536 30.57 2,121 31.56 — — — — Greater Seattle, Washington Lynnwood — — 13,390 21.50 — — — — — — 13,390 21.50 — — — — Pioneer Square 6,372 43.50 4,477 49.00 — — — — 6,372 43.50 4,477 49.00 — — — — Subtotal 6,372 43.50 17,867 28.39 — — — — 6,372 43.50 17,867 28.39 — — — — San Francisco Bay Area, California San Francisco 2,552 70.56 — — 17,039 75.19 6,041 53.56 1,404 70.54 — — 17,039 75.19 6,041 53.56 Redwood Shores — — 7,049 75.00 — — — — — — 7,049 75.00 — — — — Palo Alto 25,982 83.36 — — — — — — 25,982 83.36 — — — — — — North San Jose 12,904 44.66 3,830 48.00 1,311 49.80 3,198 41.76 12,904 44.66 3,830 48.00 1,311 49.80 3,198 41.76 Subtotal 41,438 70.52 — 10,879 65.49 18,350 73.38 9,239 49.48 40,290 70.52 10,879 65.49 18,350 73.38 9,239 49.48 Los Angeles, California Hollywood 1,171 — — — — — — — 1,171 — — — — — — — Subtotal 1,171 — — — — — — — 1,171 — — — — — — — TOTAL BACKFILLED 51,662 63.52 39,351 39.50 18,350 73.38 9,239 49.48 48,369 64.81 30,867 41.69 18,350 73.38 9,239 49.48 TOTAL UNCOMMENCED 167,690 $ 54.41 143,702 $ 43.09 21,577 $ 71.82 9,239 $ 49.48 145,081 $ 60.68 73,904 $ 45.95 21,577 $ 71.82 9,239 $ 49.48 AND BACKFILLED (1) Consists of backfilled leases, defined as new leases with respect to occupied space executed on or prior to December 31, 2019, but with commencement dates after December 31, 2019 and within the next eight quarters. This table omits submarkets and quarters without any activity. (2) There are no backfilled leases for the four 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 upfront free rents, if any. (4) Starting rental rates have been converted from CAD to USD using the foreign currency exchange rate as of December 31, 2019. Page 46 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Expiring Office Leases—Next Eight Quarters(1) Company’s Share Q1 2020(2) Q2 2020 Q3 2020 Q4 2020 Q1 2020(3) Q2 2020 Q3 2020 Q4 2020 Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) Vancouver, British Columbia Downtown (6) $ $ $ $ $ $ $ Vancouver 5,826 19.71 13,920 24.41 23,490 25.14 21,371 28.41 1,165 $19.71 2,784 24.41 4,698 25.14 4,275 28.41 Subtotal 5,826 19.71 13,920 24.41 23,490 25.14 21,371 28.41 1,165 19.71 2,784 24.41 4,698 25.14 4,275 28.41 Greater Seattle, Washington Denny — — — — — — 656 33.18 — — — — — — 656 33.18 Triangle Lynnwood 29,420 20.50 34,474 27.80 — — — — 29,420 20.50 34,474 27.80 — — — — Pioneer Square 6,571 — (7) — — 7,690 26.01 7,342 14.51 6,571 — (7) — — 7,690 26.01 7,342 14.51 Subtotal 35,991 16.76 34,474 27.80 7,690 26.01 7,998 16.04 35,991 16.76 34,474 27.80 7,690 26.01 7,998 16.04 San Francisco Bay Area, California Foster City 11,806 143.72 1,939 69.60 13,712 68.59 2,189 73.03 11,806 143.72 1,939 69.60 13,712 68.59 2,189 73.03 Palo Alto 25,957 82.68 38,301 85.26 — — 44,170 74.96 25,957 82.68 38,301 85.26 — — 44,170 74.96 Redwood Shores 17,285 68.26 18,555 47.89 18,839 66.00 64,685 46.01 (8) 17,285 68.26 18,555 47.89 18,839 66.00 64,685 46.01 (8) San Francisco 21,953 74.96 36,652 60.69 10,815 61.93 30,840 88.63 19,742 73.86 32,901 55.61 9,210 59.48 19,680 86.07 North San (9) (9) Jose 76,128 39.56 31,996 36.84 33,352 41.37 52,444 39.51 (10) 76,128 39.56 31,996 36.84 33,352 41.37 52,444 39.51 (10) Santa Clara 6,680 49.91 20,347 51.45 8,741 52.56 19,074 51.99 6,680 49.91 20,347 51.45 8,741 52.56 19,074 51.99 Subtotal 159,809 62.66 147,790 59.13 85,459 54.92 213,402 57.38 157,598 62.35 144,039 57.93 83,854 54.51 202,242 55.40 Los Angeles, California Hollywood 40,887 43.79 — — — — — — 40,887 43.79 — — — — — — West Los Angeles 27,446 7.28 19,039 61.79 — — 22,518 45.10 20,989 8.09 19,039 61.79 — — 22,518 45.10 Subtotal 68,333 29.13 19,039 61.79 — — 22,518 45.10 61,876 31.68 19,039 61.79 — — 22,518 45.10 TOTAL 269,959 $ 47.12 215,223 $ 52.10 116,639 $ 47.01 265,289 $52.76 256,630 $48.37 200,336 $ 52.65 96,242 $50.80 237,033 $52.61 Expirations as % of Total % % % % % % % % In-Service 1.9 1.5 0.8 1.9 2.1 1.6 0.8 1.9 Portfolio Page 47 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Expiring Office Leases—Next Eight Quarters(1)(continued) Company’s Share Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ Expiring Rent/ SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) SF(4) SF(5) Vancouver, British Columbia Downtown (11) (12) (11) (12) (6) $ $ $ Vancouver 11,644 24.00 18,492 21.86 65,534 26.94 112,061 $25.33 2,328 $24.00 3,698 $21.86 13,107 $26.94 22,412 $25.33 Subtotal 11,644 24.00 18,492 21.86 65,534 26.94 112,061 25.33 2,328 24.00 3,698 21.86 13,107 26.94 22,412 25.33 Greater Seattle, Washington Denny 39,024 30.75 — — — — — — 39,024 30.75 — — —— —— Triangle Lynnwood 5,603 21.22 — — — — 9,570 20.00 5,603 21.22 — — — — 9,570 20.00 Pioneer 70,292 30.83 (13) 1,599 41.92 71,713 33.68 (14) 185,292 24.75 (15) 70,292 30.83 (13) 1,599 41.92 71,713 33.68 (14) 185,292 24.75 (15) Square Subtotal 114,919 30.34 1,599 41.92 71,713 33.68 194,862 24.51 114,919 30.34 1,599 41.92 71,713 33.68 194,862 24.51 San Francisco Bay Area, California Foster City 4,988 75.82 — — 6,462 60.66 17,045 70.65 4,988 75.82 — — 6,462 60.66 17,045 70.65 (16) (16) Palo Alto 10,316 98.55 46,734 78.18 24,264 59.93 226,048 74.47 10,316 98.55 46,734 78.18 24,264 59.93 226,048 74.47 Redwood 10,766 49.45 64,913 64.21 (17) 74,232 59.50 (18) 16,019 69.95 10,766 49.45 64,913 64.21 (17) 74,232 59.50 (18) 16,019 69.95 Shores San 920 91.75 3,724 117.49 60,308 39.26 (19) — — 672 80.44 2,048 117.49 60,308 39.26 (19) —— Francisco North San 68,719 40.11 (20) 53,645 42.93 (21) 76,997 39.48 (22) 55,976 42.19 (23) 68,719 40.11 (20) 53,645 42.93 (21) 76,997 39.48 (22) 55,976 42.19 (23) Jose Santa Clara 8,035 53.25 8,191 53.83 14,284 55.49 12,711 53.97 8,035 53.25 8,191 53.83 14,284 55.49 12,711 53.97 Subtotal 103,744 50.09 177,207 62.09 256,547 48.58 327,799 67.74 103,496 49.91 175,531 61.56 256,547 48.58 327,799 67.74 Los Angeles, California Hollywood 13,518 52.08 — — — — — — 13,518 52.08 — — —— —— West Los 8,335 51.86 — — 4,791 64.56 9,960 50.99 8,335 51.86 — — 4,791 64.56 9,960 50.99 Angeles Subtotal 21,853 52.00 — — 4,791 64.56 9,960 50.99 21,853 52.00 — — 4,791 64.56 9,960 50.99 TOTAL 252,160 $40.05 197,298 $58.16 398,585 $42.53 644,682 47.05 242,596 $40.58 180,829 $60.58 346,158 $44.90 555,033 $50.55 Expirations as % of Total % % % % % % % % In-Service 1.8 1.4 2.8 4.6 2.0 1.5 2.8 4.5 Portfolio (1) This does not reflect 238,630 square feet, of which 231,500 square feet represents the Company’s Share, that expired on December 31, 2019. This table omits submarkets without any expirations over the next eight quarters. (2) First quarter 2020 expiring square footage representing 100% share of joint ventures does not include 40,124 square feet of month-to-month leases. (3) First quarter 2020 expiring square footage representing the Company’s Share of joint ventures does not include 28,071 square feet of month-to-month leases. (4) Includes leases that expire on the last day of the quarter. (5) 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 48 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Expiring Office Leases—Next Eight Quarters(1) (continued) (6) Expiring rental rates have been converted from CAD to USD using the foreign currency exchange rate as of December 31, 2019. (7) Management office occupied by the Company. (8) 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. at Towers at Shore Center for 6,257 square feet. (9) Top three expiring tenants by square footage: (i) Hensel Phelps at Concourse for 13,688 square feet, (ii) Phoenix Contact USA, Inc. at Metro Plaza for 8,942 square feet and (iii) Invensense at 1740 Technology for 7,386 square feet. (10) Top three expiring tenants by square footage: (i) USJade Corp. at Concourse for 10,940 square feet, (ii) College Entrance Examination at Gateway for 6,451 square feet and (iii) CSAA Insurance Exchange at Concourse for 6,319 square feet. (11) Top three expiring tenants at Bentall Centre by square footage: (i) CIBC World Markets, Inc. for 33,871 square feet, (ii) JustSystems Canada, Inc. for 6,906 square feet and (iii) Marubeni Canada Ltd. for 6,182 square feet. We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. (12) Top three expiring tenants at Bentall Centre by square footage: (i) Absolute Software Corporation for 46,585 square feet, (ii) Wesgroup Properties for 16,686 square feet and (iii) Toronto- Dominion Bank for 14,848 square feet. We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. (13) Total expiring square footage consists of: (i) Nuance Communications at 505 First for 45,568 square feet and (ii) Qualtrics, LLC at 83 King for 24,724 square feet. (14) Top three expiring tenants by square footage: (i) Blue Nile, Inc. at 411 First for 39,072 square feet, (ii) McGraw-Hill at 83 King for 24,646 square feet and (iii) Wirestone LLC at 411 First for 6,959 square feet. (15) Total expiring square footage consists of Dell EMC Corporation at 505 First for 185,292 square feet. (16) Total expiring square footage consists of: (i) Google, Inc. at 3400 Hillview for 207,857 square feet, (ii) Arnold & Porter LLP at Page Mill Hill for 13,065 square feet and (iii) Pilot AI Labs, Inc. at Palo Alto Square for 5,126 square feet. (17) 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. (18) Top three expiring tenants by square footage: (i) Ernst & Young U.S. LLP at Shorebreeze for 20,253 square feet, (ii) Thought Stream LLC at Skyway Landing for 8,820 square feet and (iii) Adaptive Spectrum and Signal Alignment, Inc. at Towers at Shore Center for 8,461 square feet. (19) Total expiring square footage consists of : (i) General Services Administration at 901 Market for 40,626 square feet, (ii) Yank Sing at Rincon Center for 13,651 square feet and (iii) Forest City Residential Group at 875 Howard for 6,031 square feet. (20) 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) Whitehat Security, Inc. at Concourse for 8,425 square feet. (21) Top three expiring tenants by square footage: (i) GEO Semiconductor, Inc. at Metro Plaza for 13,027 square feet, (ii) CCS Associates, Inc. at Gateway for 8,151 square feet and (iii) First Alarm Security and Patrol, Inc. at Concourse for 6,525 square feet. (22) Top three expiring tenants by square footage: (i) Globallogic, Inc. at Concourse for 28,930 square feet, (ii) Skybox Security, Inc. at Gateway for 13,269 square feet and (iii) Contract Office Group Inc. at Concourse for 9,956 square feet. (23) Top three expiring tenants by square footage: (i) CenturyLink at Concourse for 13,258 square feet, (ii) Bay Microsystems, Inc. at Gateway for 12,096 square feet and (iii) SUMCO Phoenix Corporation at Gateway for 6,053 square feet. Page 49 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Expiring Office Leases—Annual Company’s Share Percentage Annualized Square Square Percent of Annualized Number of of Office Annualized Base Rent Per Footage of Footage of Office Annualized Base Rent Year of Lease Expiration Leases (1)(4) Portfolio Base Rent at Lease Square Expiring Expiring Portfolio Base Rent Per Leased Expiring (1)(2) (1)(3) Annualized (4) Expiration Foot at Leases Leases Square Feet Square Foot (5) Base Rent Expiration Vacant 836,005 783,847 6.3% 2019 27 238,630 231,500 1.8 $ 9,944,512 1.5% $ 42.96 $ 9,953,317 $ 42.99 2020(6) 164 860,539 783,670 6.1 39,223,422 6.4 50.05 40,318,449 51.45 2021 168 1,492,725 1,324,616 10.4 62,159,559 10.1 46.93 64,397,109 48.62 2022 184 1,539,408 1,359,613 10.7 66,684,400 10.9 49.05 71,869,473 52.86 2023 116 1,802,327 1,396,043 10.9 62,958,328 10.3 45.10 70,219,402 50.30 2024 125 1,820,251 1,623,804 12.7 81,501,949 13.3 50.19 92,914,558 57.22 2025 62 1,452,634 1,173,716 9.2 64,903,856 10.6 55.30 77,392,885 65.94 2026 28 410,873 369,212 2.9 22,075,552 3.6 59.79 26,616,723 72.09 2027 22 548,457 474,454 3.7 25,793,343 4.2 54.36 32,706,289 68.93 2028 23 644,016 571,892 4.5 35,229,878 5.7 61.60 44,242,176 77.36 Thereafter 38 2,168,404 1,905,308 14.9 107,830,990 17.6 56.60 148,751,992 78.07 Building management use 28 179,877 168,706 1.3 — — — — — Signed leases not commenced(7) 30 816,210 589,580 4.6 35,407,702 5.8 60.06 50,986,167 86.48 TOTAL/WEIGHTED AVERAGE 1,015 14,810,356 12,755,961 100.0% $ 613,713,491 100.0% $ 51.26 $ 730,368,540 $ 61.01 (1) Rent data for our office properties is presented on an annualized basis without regard to cancellation options. (2) Total expiring square footage does not include 40,124 square feet of month-to-month leases. (3) Total expiring square footage does not include 28,071 square feet of month-to-month leases. (4) Annualized base rent for office properties is calculated multiplying (i) base rental payments (defined as cash base rents (before abatements)) as of December 31, 2019, by (ii) 12. Annualized base rent does not reflect tenant reimbursements. (5) Annualized base rent per square foot for all lease expiration years is calculated as (i) base rental payments (defined as cash base rents (before abatements)) under commenced leases, divided by (ii) square footage under commenced leases as of December 31, 2019. (6) Excludes 6,571 square feet of management offices occupied by the Company. The management office is reflected under building management use. (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 spaces not occupied as of December 31, 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 December 31, 2019, divided by (ii) square footage under uncommenced leases as of December 31, 2019. Page 50 of 57

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

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 52 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth 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 53 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Reconciliation of Net Income to Net Operating Income Unaudited, in thousands Three Months Ended December 31, Year Ended December 31, 2019 2018 2019 2018 Net income $ 16,963 $ 19,257 $ 55,846 $ 111,781 Adjustments: Loss from unconsolidated real estate entity 402 — 747 — Fee Income (528) — (1,459) — Interest expense 28,353 23,202 105,845 83,167 Interest income (1,010) (1,225) (4,044) (1,718) Transaction-related expenses 208 252 667 535 Other income (336) (74) (78) (822) Unrealized gain on non-real estate investments — — — (928) Gain on sale of real estate — — (47,100) (43,337) Impairment loss — — 52,201 — General and administrative 17,848 14,980 71,947 61,027 Depreciation and amortization 74,196 67,520 282,088 251,003 Net Operating Income $ 136,096 $ 123,912 $ 516,660 $ 460,708 Net Operating Income Breakdown Same-Store Office cash revenues $ 130,477 $ 119,124 $ 441,945 $ 417,513 Straight-line rent 3,432 5,134 23,875 13,436 Amortization of above-market and below-market leases, net 1,987 2,366 7,614 9,222 Amortization of lease incentive costs (422) (351) (1,549) (1,372) Same-Store Office revenues 135,474 126,273 471,885 438,799 Same-Store Studios cash revenues 22,896 21,981 80,916 73,172 Straight-line rent 190 396 1,084 1,420 Amortization of lease incentive costs (9) — (37) — Same-Store Studio revenues 23,077 22,377 81,963 74,592 Same-Store property revenues 158,551 148,650 553,848 513,391 Same-Store Office cash expenses 43,720 40,287 144,670 138,295 Straight-line rent 106 106 — — Amortization of above-market and below-market ground leases, net 590 590 2,299 2,299 Same-Store Office expenses 44,416 40,983 146,969 140,594 Same-Store Studio cash expenses 13,166 12,149 44,879 40,628 Same-Store Studio expenses 13,166 12,149 44,879 40,628 Same-Store property expenses 57,582 53,132 191,848 181,222 Same-Store net operating income 100,969 95,518 362,000 332,169 Non-Same-Store net operating income 35,127 28,394 154,660 128,539 Net Operating Income $ 136,096 $ 123,912 $ 516,660 $ 460,708 Page 54 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Total Revenues Components Unaudited, in thousands Three Months Ended December 31, Year Ended December 31, 2019 2018 2019 2018 Office Cash rent $ 142,539 $ 126,254 $ 538,118 $ 481,677 Cash tenant recoveries 28,786 25,281 107,468 92,760 Straight-line rent 13,167 10,260 51,876 44,464 Amortization of above-market and below-market leases, net 2,917 7,322 12,836 7,131 Amortization of lease incentive costs (495) (429) (1,734) (88) Services revenue 6,832 7,301 25,171 26,573 Total office revenues(1) 193,746 175,989 733,735 652,517 Studio Cash rent 12,908 11,516 49,305 43,314 Cash tenant recoveries 250 860 988 2,013 Straight-line rent 190 396 1,084 1,420 Amortization of lease incentive costs (9) — (37) — Services revenue and other 9,765 9,672 33,107 29,154 Total studio revenues 23,104 22,444 84,447 75,901 Total revenues $ 216,850 $ 198,433 $ 818,182 $ 728,418 (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 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Reconciliation of Net Income to Company’s Share of Net Operating Income Unaudited, in thousands Three Months Ended December 31, Year Ended December 31, 2019 2018 2019 2018 Net income $ 16,963 $ 19,257 $ 55,846 $ 111,781 Adjustments: Loss from unconsolidated real estate entity 402 — 747 — Fee Income (528) — (1,459) — Interest expense 28,353 23,202 105,845 83,167 Interest income (1,010) (1,225) (4,044) (1,718) Transaction-related expenses 208 252 667 535 Other income (336) (74) (78) (822) Unrealized gain on non-real estate investments — — — (928) Gain on sale of real estate — — (47,100) (43,337) Impairment loss — — 52,201 — General and administrative 17,848 14,980 71,947 61,027 Depreciation and amortization 74,196 67,520 282,088 251,003 Company's Share of NOI from unconsolidated real estate entity 2,645 — 6,189 — Net Operating Income Partner's share of consolidated entities (7,919) (7,980) (30,557) (23,715) Net Operating Income Company's Share $ 130,822 $ 115,932 $ 492,292 $ 436,993 Net Operating Income Breakdown Same-Store Office cash revenues $ 123,506 $ 113,267 $ 423,052 $ 393,864 Straight-line rent 3,311 5,096 15,226 13,677 Amortization of above-market and below-market leases, net 1,987 2,366 7,614 9,222 Amortization of lease incentive costs (336) (326) (1,205) (1,272) Same-Store Office revenues Company’s Share 128,468 120,403 444,687 415,491 Same-Store Studios cash revenues 22,896 21,981 80,916 73,172 Straight-line rent 190 396 1,084 1,420 Amortization of lease incentive costs (9) — (37) — Same-Store Studio revenues Company’s Share 23,077 22,377 81,963 74,592 Same-Store property revenues Company’s Share 151,545 142,780 526,650 490,083 Same-Store Office cash expenses 41,522 38,388 136,329 131,122 Straight-line rent 106 106 — — Amortization of above-market and below-market ground leases, net 590 590 2,299 2,299 Same-Store Office expenses Company’s Share 42,218 39,084 138,628 133,421 Same-Store Studio cash expenses 13,166 12,149 44,879 40,628 Same-Store Studio expenses Company’s Share 13,166 12,149 44,879 40,628 Same-Store property expenses Company’s Share 55,384 51,233 183,507 174,049 Same-Store net operating income Company’s Share 96,161 91,547 343,143 316,034 Non-Same-Store net operating income Company’s Share 34,661 24,385 149,149 120,959 Net Operating Income Company’s Share $ 130,822 $ 115,932 $ 492,292 $ 436,993 Page 56 of 57

Hudson Pacific Properties, Inc. Supplemental Information | Fourth Quarter 2019 Company Outlook Unaudited, dollars and share data in thousands Current Guidance Q3 2019 Guidance Actuals Full Year 2020 Full Year 2019 Full Year 2019 Metric Low High Low High Total FFO per share $2.14 $2.22 $2.00 $2.06 $2.03 Growth in same-store office property cash NOI(1)(2) 4.50% 5.50% 5.00% 6.00% 6.50% Growth in same-store studio property cash NOI(1)(2) 5.00% 6.00% 7.00% 8.00% 10.70% GAAP non-cash revenue (straight-line rent and above/below-market rents)(3) $55,000 $65,000 $59,000 $69,000 $64,024 GAAP non-cash expense (straight-line rent expense and above/below-market ground rent) $(4,000) $(4,000) $(4,000) $(4,000) $(3,923) General and administrative expenses(4) $(72,500) $(76,500) $(70,000) $(74,000) $(71,947) Interest expense(5) $(112,500) $(115,500) $(105,500) $(108,500) $(105,845) Interest income $3,450 $3,550 $3,450 $3,550 $4,044 Corporate-related depreciation and amortization $(2,200) $(2,300) $(2,050) $(2,150) $(2,153) FFO from unconsolidated joint ventures $5,200 $6,200 $3,000 $4,000 $3,217 FFO attributable to non-controlling interests $(26,000) $(30,000) $(26,500) $(30,500) $(29,188) Weighted average common stock/units outstanding—diluted(6) 156,125 157,125 156,000 157,000 156,113 (1) Same-store for the full year 2020 is defined as the 39 office properties or three studio properties, as applicable, owned and included in the Company's stabilized portfolio as of January 1, 2019, and anticipated to still be owned and included in the stabilized portfolio through December 31, 2020. Same-store for the full year 2019 is defined as the 31 office properties or three studio properties, as applicable, owned and included in the Company's stabilized portfolio as of January 1, 2018, and still owned and included in the stabilized portfolio through December 31, 2019. (2) Please see non-GAAP information below for definition of cash NOI. (3) Includes non-cash straight-line rent associated with the studio and office properties. (4) Includes non-cash compensation expense, which the Company estimates at $20,500 in 2020. (5) Includes amortization of deferred financing costs and loan discounts/premiums, which the Company estimates at $5,800 in 2020. (6) Diluted shares represent ownership in the Company through shares of common stock, OP Units and other convertible or exchangeable instruments. The weighted average fully diluted common stock/units outstanding for 2019 includes an estimate for the dilution impact of stock grants to the Company's executives under its 2017, 2018 and 2019 outperformance programs, as well as performance-based awards under the Company's special 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 57 of 57

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