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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES        
Total revenues $ 227,632,000 $ 196,285,000 $ 656,353,000 $ 601,122,000
OPERATING EXPENSES        
Operating expenses 83,909,000 75,109,000 243,501,000 222,181,000
General and administrative 18,288,000 17,428,000 53,846,000 53,943,000
Depreciation and amortization 88,568,000 75,052,000 255,507,000 222,331,000
Total operating expenses 190,765,000 167,589,000 552,854,000 498,455,000
OTHER INCOME (EXPENSE)        
Income (loss) from unconsolidated real estate entities 566,000 (105,000) 1,671,000 69,000
Fee income 678,000 575,000 2,323,000 1,741,000
Interest expense (30,825,000) (29,838,000) (91,800,000) (84,185,000)
Interest income 934,000 1,056,000 2,868,000 3,129,000
Management services reimbursement income—unconsolidated real estate entities 253,000 0 879,000 0
Management services expense—unconsolidated real estate entities (253,000) 0 (879,000) 0
Transaction-related expenses (6,300,000) (181,000) (7,364,000) (440,000)
Unrealized gain (loss) on non-real estate investments 827,000 513,000 11,620,000 (2,335,000)
Impairment loss (2,762,000) 0 (2,762,000) 0
Loss on extinguishment of debt (6,249,000) (2,654,000) (6,249,000) (2,654,000)
Other income (expense) 82,000 576,000 (1,547,000) 1,606,000
Total other expense (43,049,000) (30,058,000) (91,240,000) (83,069,000)
Net (loss) income (6,182,000) (1,362,000) 12,259,000 19,598,000
Net income attributable to preferred units (153,000) (153,000) (459,000) (459,000)
Net income attributable to participating securities (276,000) (109,000) (830,000) (321,000)
Net income attributable to non-controlling interest in consolidated real estate entities (3,585,000) (5,170,000) (15,764,000) (12,577,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 816,000 1,304,000 2,780,000 2,707,000
Net loss (income) attributable to non-controlling interest in the operating partnership 85,000 54,000 16,000 (89,000)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (9,295,000) $ (5,436,000) $ (1,998,000) $ 8,859,000
BASIC AND DILUTED PER SHARE AMOUNTS        
Net (loss) income attributable to common stockholders - basic (in dollars per share) $ (0.06) $ (0.04) $ (0.01) $ 0.06
Net (loss) income attributable to common stockholders - diluted (in dollars per share) $ (0.06) $ (0.04) $ (0.01) $ 0.06
Weighted average shares of common stock outstanding—basic (in shares) 152,320,252 153,196,007 151,443,305 153,643,278
Weighted average shares of common stock outstanding—diluted 152,320,252 153,196,007 151,443,305 156,030,815
Hudson Pacific Partners L.P.        
REVENUES        
Total revenues $ 227,632,000 $ 196,285,000 $ 656,353,000 $ 601,122,000
OPERATING EXPENSES        
General and administrative 18,288,000 17,428,000 53,846,000 53,943,000
Depreciation and amortization 88,568,000 75,052,000 255,507,000 222,331,000
Total operating expenses 190,765,000 167,589,000 552,854,000 498,455,000
OTHER INCOME (EXPENSE)        
Income (loss) from unconsolidated real estate entities 566,000 (105,000) 1,671,000 69,000
Fee income 678,000 575,000 2,323,000 1,741,000
Interest expense (30,825,000) (29,838,000) (91,800,000) (84,185,000)
Interest income 934,000 1,056,000 2,868,000 3,129,000
Management services reimbursement income—unconsolidated real estate entities 253,000 0 879,000 0
Management services expense—unconsolidated real estate entities (253,000) 0 (879,000) 0
Transaction-related expenses (6,300,000) (181,000) (7,364,000) (440,000)
Unrealized gain (loss) on non-real estate investments 827,000 513,000 11,620,000 (2,335,000)
Impairment loss (2,762,000) 0 (2,762,000) 0
Loss on extinguishment of debt (6,249,000) (2,654,000) (6,249,000) (2,654,000)
Other income (expense) 82,000 576,000 (1,547,000) 1,606,000
Total other expense (43,049,000) (30,058,000) (91,240,000) (83,069,000)
Net (loss) income (6,182,000) (1,362,000) 12,259,000 19,598,000
Net income attributable to preferred units (153,000) (153,000) (459,000) (459,000)
Net income attributable to participating securities (276,000) (261,000) (830,000) (780,000)
Net income attributable to non-controlling interest in consolidated real estate entities (3,585,000) (5,170,000) (15,764,000) (12,577,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 816,000 1,304,000 2,780,000 2,707,000
Net (loss) income attributable to Hudson Pacific Properties, L.P. (8,951,000) (5,228,000) (725,000) 9,728,000
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (9,380,000) $ (5,642,000) $ (2,014,000) $ 8,489,000
BASIC AND DILUTED PER SHARE AMOUNTS        
Net (loss) income attributable to common unitholders —basic (in dollars per share) $ (0.06) $ (0.04) $ (0.01) $ 0.05
Net (loss) income attributable to common unitholders —diluted (in dollars per share) $ (0.06) $ (0.04) $ (0.01) $ 0.05
Weighted average shares of common units outstanding—basic (in shares) 153,701,876 154,107,865 152,818,720 154,555,136
Weighted average shares of common units outstanding—diluted (in shares) 153,701,876 154,107,865 152,818,720 155,422,136
Office segment        
REVENUES        
Rental $ 197,941,000 $ 178,256,000 $ 580,354,000 $ 540,023,000
Service and other revenues 3,925,000 2,460,000 9,358,000 11,428,000
Total revenues 201,866,000 180,716,000 589,712,000 551,451,000
OPERATING EXPENSES        
Operating expenses 71,865,000 66,075,000 207,538,000 194,546,000
Office segment | Hudson Pacific Partners L.P.        
REVENUES        
Rental 197,941,000 178,256,000 580,354,000 540,023,000
Service and other revenues 3,925,000 2,460,000 9,358,000 11,428,000
Total revenues 201,866,000 180,716,000 589,712,000 551,451,000
OPERATING EXPENSES        
Operating expenses 71,865,000 66,075,000 207,538,000 194,546,000
Studio segment        
REVENUES        
Rental 12,768,000 11,724,000 36,472,000 36,767,000
Service and other revenues 12,998,000 3,845,000 30,169,000 12,904,000
Total revenues 25,766,000 15,569,000 66,641,000 49,671,000
OPERATING EXPENSES        
Operating expenses 12,044,000 9,034,000 35,963,000 27,635,000
Studio segment | Hudson Pacific Partners L.P.        
REVENUES        
Rental 12,768,000 11,724,000 36,472,000 36,767,000
Service and other revenues 12,998,000 3,845,000 30,169,000 12,904,000
Total revenues 25,766,000 15,569,000 66,641,000 49,671,000
OPERATING EXPENSES        
Operating expenses $ 12,044,000 $ 9,034,000 $ 35,963,000 $ 27,635,000