XML 26 R14.htm IDEA: XBRL DOCUMENT v3.22.1
Organization
3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization Organization
Hudson Pacific Properties, Inc. is a Maryland corporation formed on November 9, 2009 as a fully integrated, self-administered and self-managed real estate investment trust (“REIT”). Through its controlling interest in the operating partnership and its subsidiaries, Hudson Pacific Properties, Inc. owns, manages, leases, acquires and develops real estate, consisting primarily of office and studio properties. Unless otherwise indicated or unless the context requires otherwise, all references in these financial statements to “the Company” refer to Hudson Pacific Properties, Inc. together with its consolidated subsidiaries, including Hudson Pacific Properties, L.P. Unless otherwise indicated or unless the context requires otherwise, all references to “our operating partnership” or “the operating partnership” refer to Hudson Pacific Properties, L.P. together with its consolidated subsidiaries.

The Company’s portfolio consists of properties located throughout Northern and Southern California, the Pacific Northwest, Western Canada and Greater London, United Kingdom. The following table summarizes the Company’s portfolio as of March 31, 2022:
SegmentsNumber of Properties
Square Feet
(unaudited)
Consolidated portfolio
Office53 14,271,159 
Studio1,224,403 
Land2,512,242 
Total consolidated portfolio62 18,007,804 
Unconsolidated portfolio(1)
Office1,503,830 
Studio(2)
241,000 
Land(3)
1,550,000 
Total unconsolidated portfolio4 3,294,830 
TOTAL(4)
66 21,302,634 
_________________
1.The Company owns 20% of the unconsolidated joint venture entity which owns the Bentall Centre property, 50% of the unconsolidated joint venture entity that owns the Sunset Glenoaks Studios and 35% of the unconsolidated joint venture entity that owns the Sunset Waltham Cross Studios development. The square footage shown above represents 100% of the properties. See Notes 2 and 6 for details.
2.Includes Sunset Glenoaks Studios.
3.Includes land for the Burrard Exchange at Bentall Centre and Sunset Waltham Cross Studios developments.
4.Includes repositioning, redevelopment, development and held for sale properties.