XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Investment in real estate, at cost $ 8,381,071 $ 8,215,017
Accumulated depreciation and amortization (1,224,337) (1,102,748)
Investment in real estate, net 7,156,734 7,112,269
Cash and cash equivalents 110,978 113,686
Restricted cash 33,967 35,854
Accounts receivable, net 16,391 22,105
Straight-line rent receivables, net 238,799 225,685
Deferred leasing costs and lease intangible assets, net 271,201 285,836
U.S. Government securities 132,222 135,115
Operating lease right-of-use assets 268,537 264,880
Prepaid expenses and other assets, net 111,087 72,667
Investment in unconsolidated real estate entities 85,736 82,105
TOTAL ASSETS 8,425,652 8,350,202
LIABILITIES AND EQUITY    
Accounts payable, accrued liabilities and other 253,271 235,860
Operating lease liabilities 274,408 270,014
Lease intangible liabilities, net 43,364 49,144
Security deposits and prepaid rent 84,393 92,180
TOTAL LIABILITIES 4,342,586 4,244,533
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership 9,815 9,815
Redeemable non-controlling interest in consolidated real estate entities 127,445 127,874
Hudson Pacific Properties, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 authorized, 152,319,084 shares and 151,401,365 shares outstanding at June 30, 2021 and December 31, 2020, respectively 1,523 1,514
Additional paid-in capital 3,435,156 3,469,758
Accumulated other comprehensive loss (2,736) (8,133)
Total Hudson Pacific Properties, Inc. stockholders’ equity 3,433,943 3,463,139
Hudson Pacific Properties, L.P. partners’ capital    
TOTAL CAPITAL 3,945,806 3,967,980
TOTAL LIABILITIES AND CAPITAL 8,425,652 8,350,202
Hudson Pacific Partners L.P.    
ASSETS    
Investment in real estate, at cost 8,381,071 8,215,017
Accumulated depreciation and amortization (1,224,337) (1,102,748)
Investment in real estate, net 7,156,734 7,112,269
Cash and cash equivalents 110,978 113,686
Restricted cash 33,967 35,854
Accounts receivable, net 16,391 22,105
Straight-line rent receivables, net 238,799 225,685
Deferred leasing costs and lease intangible assets, net 271,201 285,836
U.S. Government securities 132,222 135,115
Operating lease right-of-use assets 268,537 264,880
Prepaid expenses and other assets, net 111,087 72,667
Investment in unconsolidated real estate entities 85,736 82,105
TOTAL ASSETS 8,425,652 8,350,202
LIABILITIES AND EQUITY    
Accounts payable, accrued liabilities and other 253,271 235,860
Operating lease liabilities 274,408 270,014
Lease intangible liabilities, net 43,364 49,144
Security deposits and prepaid rent 84,393 92,180
TOTAL LIABILITIES 4,342,586 4,244,533
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership 9,815 9,815
Redeemable non-controlling interest in consolidated real estate entities 127,445 127,874
Hudson Pacific Properties, Inc. stockholders’ equity    
Accumulated other comprehensive loss (2,776) (8,246)
Hudson Pacific Properties, L.P. partners’ capital    
Limited partners' capital account 3,481,106 3,509,217
Total Hudson Pacific Properties, L.P. partners’ capital 3,478,330 3,500,971
Non-controlling interest—members in consolidated real estate entities 467,476 467,009
Total capital 3,945,806 3,967,980
TOTAL LIABILITIES AND CAPITAL 8,425,652 8,350,202
Non-controlling interest—members in consolidated real estate entities    
Hudson Pacific Properties, L.P. partners’ capital    
Non-controlling interest—members in consolidated entities and non-controlling units in the operating partnership 467,476 467,009
Non-controlling interest—units in the operating partnership    
Hudson Pacific Properties, L.P. partners’ capital    
Non-controlling interest—members in consolidated entities and non-controlling units in the operating partnership 44,387 37,832
TOTAL CAPITAL 44,387 37,832
Unsecured and secured debt, net    
LIABILITIES AND EQUITY    
Notes payable, net 3,491,043 3,399,492
Unsecured and secured debt, net | Hudson Pacific Partners L.P.    
LIABILITIES AND EQUITY    
Notes payable, net 3,491,043 3,399,492
In-substance defeased debt    
LIABILITIES AND EQUITY    
Notes payable, net 129,971 131,707
In-substance defeased debt | Hudson Pacific Partners L.P.    
LIABILITIES AND EQUITY    
Notes payable, net 129,971 131,707
Joint venture partner debt    
LIABILITIES AND EQUITY    
Notes payable, net 66,136 66,136
Joint venture partner debt | Hudson Pacific Partners L.P.    
LIABILITIES AND EQUITY    
Notes payable, net $ 66,136 $ 66,136