XML 74 R54.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
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 income (loss) (“OCI”):
| Derivative Instruments |  | Currency Translation Adjustments |  | Total Equity
Balance at January 1, 2019 | $ | 17,501 |  |  | $ | — |  |  | $ | 17,501 |
Unrealized 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) |
Unrealized (loss) gain recognized in OCI | 169 |  |  | (1,049) |  |  | (880) |
Reclassification from OCI into income | 7,252 |  |  | — |  |  | 7,252 |
Net change in OCI | 7,421 |  |  | (1,049) |  |  | 6,372 |
Balance at December 31, 2021 | $ | (3,957) |  |  | $ | 2,196 |  |  | $ | (1,761) |
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, 2019 | $ | 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) |
Unrealized (loss) income recognized in OCI | 171 |  |  | (1,064) |  |  | (893) |
Reclassification from OCI into income | 7,360 |  |  | — |  |  | 7,360 |
Net change in OCI | 7,531 |  |  | (1,064) |  |  | 6,467 |
Balance at December 31, 2021 | $ | (3,954) |  |  | $ | 2,175 |  |  | $ | (1,779) |
Schedule of Other Ownership Interests | The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units as of:
|  | December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
Company-owned common units in the operating partnership |  | 151,124,543 |  |  | 151,401,365 |  |  | 154,691,052 |
Company’s ownership interest percentage |  | 98.8 | % |  | 99.1 | % |  | 99.4 | %
Non-controlling common units in the operating partnership(1) |  | 1,842,898 |  |  | 1,321,083 |  |  | 911,858 |
Non-controlling ownership interest percentage |  | 1.2 | % |  | 0.9 | % |  | 0.6 | %
_________________ 1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of December 31, 2021, this amount represents both common units and performance units of 550,969 and 1,291,929, respectively. 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.
Schedule of Dividends | The following table summarizes dividends declared and paid for the periods presented:
| For the Year Ended December 31,
| 2021 |  | 2020 |  | 2019
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 |
Series C preferred stock(2) | $ | — |  |  | $ | — |  |  | $ | — |
_________________ 1.The fourth quarter 2021 dividends were paid on December 30, 2021 to shareholders and unitholders of record on December 20, 2021. 2.As of December 31, 2021, the Company accrued dividends of $2.3 million for Series C preferred stock.
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 |  |
Record Date | Payment Date | Distribution Per Share | Total | Non-Qualified | Qualified | Capital Gain Distributions | Return of Capital
3/19/2021 | 3/29/2021 | $ | 0.25000 |  | $ | 0.16280 |  | $ | 0.16280 |  | $ | 0.00000 |  | $ | 0.00000 |  | $ | 0.08720 |
6/18/2021 | 6/28/2021 | 0.25000 |  | 0.16280 |  | 0.16280 |  | 0.00000 |  | 0.00000 |  | 0.08720 |
9/20/2021 | 9/30/2021 | 0.25000 |  | 0.16280 |  | 0.16280 |  | 0.00000 |  | 0.00000 |  | 0.08720 |
12/20/2021 | 12/30/2021 | 0.25000 |  | 0.16280 |  | 0.16280 |  | 0.00000 |  | 0.00000 |  | 0.08720 |
| TOTALS | $ | 1.00000 |  | $ | 0.65120 |  | $ | 0.65120 |  | $ | 0.00000 |  | $ | 0.00000 |  | $ | 0.34880 |
|  | 100.00 | % | 65.12 | % |  |  | 0.00 | % | 34.88 | %

X
- Definition Schedule of Dividends [Table Text Block] + References No definition available. + Details
Name: | hpp_ScheduleOfDividendsTableTextBlock
Namespace Prefix: | hpp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Dividends Taxability + References No definition available. + Details
Name: | hpp_ScheduleOfDividendsTaxabilityTableTextBlock
Namespace Prefix: | hpp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other units or shares or classes of ownership in a partnership. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
Name: | us-gaap_ScheduleOfOtherOwnershipInterestsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration