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Equity (Tables)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Schedule of other comprehensive loss

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

						Derivative Instruments						Currency Translation Adjustments						Total Equity
BALANCE AT DECEMBER 31, 2020						$	(11,378)					$	3,245					$	(8,133)
Unrealized gains recognized in OCI						24						996						1,020
Reclassification adjustment for realized gains(1)						1,786						—						1,786
Net change in OCI						1,810						996						2,806
BALANCE AT MARCH 31, 2021						$	(9,568)					$	4,241					$	(5,327)

_____________

1.The gains and losses on the Company’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations.

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

						Derivative Instruments						Currency Translation Adjustments						Total Capital
BALANCE AT DECEMBER 31, 2020						$	(11,485)					$	3,239					$	(8,246)
Unrealized gains recognized in OCI						24						1,009						1,033
Reclassification adjustment for realized gains(1)						1,811						—						1,811
Net change in OCI						1,835						1,009						2,844
BALANCE AT MARCH 31, 2021						$	(9,650)					$	4,248					$	(5,402)

_____________

1.The gains and losses on the operating partnership’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations.

Schedule of ownership interest in operating partnership

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

			March 31, 2021						December 31, 2020
Company-owned common units in the operating partnership			150,760,631						151,401,365
Company’s ownership interest percentage			99.1		%				99.1		%
Non-controlling units in the operating partnership(1)			1,381,624						1,321,083
Non-controlling ownership interest percentage			0.9		%				0.9		%

_________________ 

1.Represents common units held by certain of the Company’s executive officers, directors and outside investors. As of March 31, 2021, this amount represents both common units and performance units in the amount of 550,969 and 830,655, respectively. As of December 31, 2020, this amount represents both common units and performance units in the amount of 550,969 and 770,114, respectively.

Schedule of dividends payable

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

			Three Months Ended March 31,
			2021						2020
Common stock			$	0.25					$	0.25
Common units			$	0.25					$	0.25
Series A preferred units			$	0.3906					$	0.3906
Performance units			$	0.25					$	0.25
Payment date			March 29, 2021						March 30, 2020
Record date			March 19, 2021						March 20, 2020

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- References

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- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
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Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
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Tabular disclosure of other units or shares or classes of ownership in a partnership.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB TOPIC 4.F)
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