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Equity (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

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

			Derivative Instruments						Currency Translation Adjustments						Total Equity
Balance at January 1, 2018			$	13,227					$	—					$	13,227
Unrealized gain recognized in OCI			7,331						—						7,331
Reclassification from OCI into income			(3,287)						—						(3,287)
Net change in OCI			4,044						—						4,044
Cumulative adjustment related to adoption of ASU 2017-12			230						—						230
Balance at December 31, 2018			17,501						—						17,501
Unrealized (loss) gain recognized in OCI			(14,438)						1,830						(12,608)
Reclassification from OCI into income			(5,454)						—						(5,454)
Net change in OCI			(19,892)						1,830						(18,062)
Balance at December 31, 2019			(2,391)						1,830						(561)
Unrealized (loss) gain recognized in OCI			(14,407)						1,415						(12,992)
Reclassification from OCI into income			5,420						—						5,420
Net change in OCI			(8,987)						1,415						(7,572)
Balance at December 31, 2020			$	(11,378)					$	3,245					$	(8,133)

The table below presents the activity related to Hudson Pacific Properties, LP’s accumulated OCI:

			Derivative Instruments						Currency Translation Adjustments						Total Equity
Balance at January 1, 2018			$	13,276					$	—					$	13,276
Unrealized gain recognized in OCI			7,358						—						7,358
Reclassification from OCI into income			(3,300)						—						(3,300)
Net change in OCI			4,058						—						4,058
Cumulative adjustment related to adoption of ASU 2017-12			231						—						231
Balance at December 31, 2018			17,565						—						17,565
Unrealized (loss) gain recognized in OCI			(14,533)						1,845						(12,688)
Reclassification from OCI into income			(5,490)						—						(5,490)
Net change in OCI			(20,023)						1,845						(18,178)
Balance at December 31, 2019			(2,458)						1,845						(613)
Unrealized (loss) income recognized in OCI			(14,471)						1,394						(13,077)
Reclassification from OCI into income			5,444						—						5,444
Net change in OCI			(9,027)						1,394						(7,633)
Balance at December 31, 2020			$	(11,485)					$	3,239					$	(8,246)

Schedule of Other Ownership Interests

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

						December 31, 2020						December 31, 2019						December 31, 2018
Company-owned common units in the operating partnership						151,401,365						154,691,052						154,371,538
Company’s ownership interest percentage						99.1		%				99.4		%				99.6		%
Non-controlling common units in the operating partnership(1)						1,321,083						911,858						569,045
Non-controlling ownership interest percentage						0.9		%				0.6		%				0.4		%

_________________ 

1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of December 31, 2020, this amount represents both common units and performance units of 550,969 and 770,114, respectively. As of December 31, 2019, this amount represents both common units and performance units of 550,969 and 360,889, respectively. As of December 31, 2018, this amount represents common units of 569,045.

Schedule of Dividends

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

			For the Year Ended December 31,
			2020						2019						2018
Common stock(1)			$	1.00					$	1.00					$	1.00
Common units (1)			$	1.00					$	1.00					$	1.00
Series A preferred units (1)			$	1.5625					$	1.5625					$	1.5625

_________________ 

1.The fourth quarter 2020 dividends were paid on December 31, 2020 to shareholders and unitholders of record on December 21, 2020.

Schedule of Dividends Taxability

The Company’s dividends related to its common stock will be classified for U.S. federal income tax purposes as follows (unaudited):

									Ordinary Dividends									Capital Gains
Record Date			Payment Date			Distribution Per Share			Total			Non-Qualified			Qualified			Total			Long Term			Unrecaptured Section 1250			Nondividend Distributions
3/20/2020			3/30/2020			$	0.25000		$	0.00000		$	0.00000		$	0.00000		$	0.25000		$	0.20325		$	0.04675		$	0.00000
6/19/2020			6/29/2020			0.25000			0.00000			0.00000			0.00000			0.25000			0.20325			0.04675			0.00000
9/18/2020			9/28/2020			0.25000			0.00000			0.00000			0.00000			0.25000			0.20325			0.04675			0.00000
12/21/2020			12/31/2020			0.25000			0.00000			0.00000			0.00000			0.25000			0.20325			0.04675			0.00000
			TOTALS			$	1.00000		$	0.00000		$	0.00000		$	0.00000		$	1.00000		$	0.81300		$	0.18700		$	0.00000
						100.00		%	0.00		%							100.00		%							0.00		%

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 30
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-Name Accounting Standards Codification
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