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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		%

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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

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-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

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-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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