XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Total revenues $ 213,119 $ 206,227
OPERATING EXPENSES    
Operating expenses 78,015 74,510
General and administrative 18,449 18,618
Depreciation and amortization 82,761 73,763
Total operating expenses 179,225 166,891
OTHER INCOME (EXPENSE)    
Income (loss) from unconsolidated real estate entities 635 (236)
Fee income 848 610
Interest expense (30,286) (26,417)
Interest income 997 1,025
Transaction-related expenses 0 (102)
Unrealized gain (loss) on non-real estate investments 5,775 (581)
Other (expense) income (452) 314
Total other expense (22,483) (25,387)
Net income 11,411 13,949
Net income attributable to preferred units (153) (153)
Net income attributable to participating securities (278) (29)
Net income attributable to non-controlling interest in consolidated real estate entities (6,630) (3,517)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 682 633
Net income attributable to non-controlling interest in the operating partnership (50) (106)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 4,982 $ 10,777
BASIC AND DILUTED PER SHARE AMOUNTS    
Net income attributable to common stockholders - basic (in dollars per share) $ 0.03 $ 0.07
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.03 $ 0.07
Weighted average shares of common stock outstanding—basic (in shares) 150,823,605 154,432,602
Weighted average shares of common stock outstanding—diluted 151,141,079 158,109,912
Hudson Pacific Partners L.P.    
REVENUES    
Total revenues $ 213,119 $ 206,227
OPERATING EXPENSES    
General and administrative 18,449 18,618
Depreciation and amortization 82,761 73,763
Total operating expenses 179,225 166,891
OTHER INCOME (EXPENSE)    
Income (loss) from unconsolidated real estate entities 635 (236)
Fee income 848 610
Interest expense (30,286) (26,417)
Interest income 997 1,025
Transaction-related expenses 0 (102)
Unrealized gain (loss) on non-real estate investments 5,775 (581)
Other (expense) income (452) 314
Total other expense (22,483) (25,387)
Net income 11,411 13,949
Net income attributable to preferred units (153) (153)
Net income attributable to participating securities (278) (72)
Net income attributable to non-controlling interest in consolidated real estate entities (6,630) (3,517)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 682 633
Net income attributable to Hudson Pacific Properties, L.P. 5,463 11,065
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 5,032 $ 10,840
BASIC AND DILUTED PER SHARE AMOUNTS    
Net income attributable to common unitholders —basic (in dollars per share) $ 0.03 $ 0.07
Net income attributable to common unitholders —diluted (in dollars per share) $ 0.03 $ 0.07
Weighted average shares of common units outstanding—basic (in shares) 152,186,394 155,344,460
Weighted average shares of common units outstanding—diluted (in shares) 152,503,868 157,501,233
Office segment    
REVENUES    
Rental $ 189,861 $ 181,113
Service and other revenues 2,282 5,314
Total revenues 192,143 186,427
OPERATING EXPENSES    
Operating expenses 66,562 63,860
Office segment | Hudson Pacific Partners L.P.    
REVENUES    
Rental 189,861 181,113
Service and other revenues 2,282 5,314
Total revenues 192,143 186,427
OPERATING EXPENSES    
Operating expenses 66,562 63,860
Studio segment    
REVENUES    
Rental 12,153 12,915
Service and other revenues 8,823 6,885
Total revenues 20,976 19,800
OPERATING EXPENSES    
Operating expenses 11,453 10,650
Studio segment | Hudson Pacific Partners L.P.    
REVENUES    
Rental 12,153 12,915
Service and other revenues 8,823 6,885
Total revenues 20,976 19,800
OPERATING EXPENSES    
Operating expenses $ 11,453 $ 10,650