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Equity (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below presents the activity related to Hudson Pacific Properties, Inc.’s accumulated other comprehensive loss (“OCI”):


	Derivative Instruments		Currency Translation Adjustments		Total Accumulated Other Comprehensive Loss
BALANCE AT DECEMBER 31, 2021	$	(3,957)	$	2,196	$	(1,761)
Unrealized gains (losses) recognized in OCI	2,992		(1,338)		1,654
Reclassification from OCI into income(1)	(569)		—		(569)
Net change in OCI	2,423		(1,338)		1,085
BALANCE AT MARCH 31, 2022	$	(1,534)	$	858	$	(676)

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1.The gains and losses on the Company’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations.

The table below presents the activity related to Hudson Pacific Properties, L.P.’s OCI:


	Derivative Instruments		Currency Translation Adjustments		Total Accumulated Other Comprehensive Loss
BALANCE AT DECEMBER 31, 2021	$	(3,954)	$	2,175	$	(1,779)
Unrealized gains (losses) recognized in OCI	3,044		(1,361)		1,683
Reclassification from OCI into income(1)	(579)		—		(579)
Net change in OCI	2,465		(1,361)		1,104
BALANCE AT MARCH 31, 2022	$	(1,489)	$	814	$	(675)

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1.The gains and losses on the operating partnership’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations.

Schedule of Other Ownership Interests

The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units, as of:


	March 31, 2022		December 31, 2021
Company-owned common units in the operating partnership	144,559,168		151,124,543
Company’s ownership interest percentage	98.7	%	98.8	%
Non-controlling common units in the operating partnership(1)	1,846,264		1,842,898
Non-controlling ownership interest percentage	1.3	%	1.2	%

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1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of March 31, 2022, this amount represents both common units and performance units of 550,969 and 1,295,295, respectively. As of December 31, 2021, this amount represents both common units and performance units in the amount of 550,969 and 1,291,929, respectively.

Schedule of Dividends

The following table summarizes dividends per share declared and paid for the periods presented:


	Three Months Ended March 31,
	2022		2021
Common stock	$	0.25	$	0.25
Common units	$	0.25	$	0.25
Series A preferred units	$	0.3906	$	0.3906
Series C preferred stock(1)	$	0.4453125	$	—

Performance units	$	0.25	$	0.25
Payment date	March 31, 2022		March 29, 2021
Record date	March 21, 2022		March 19, 2021

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1.Consists of $0.296875 per share dividend declared and paid in the first quarter of 2022 and $0.1484375 per share dividend related to the fourth quarter of 2021, declared but unpaid as of December 31, 2021.