XML 66 R54.htm IDEA: XBRL DOCUMENT v3.22.2

Equity (Tables)

6 Months Ended

Jun. 30, 2022

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 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						4,480						(8,301)						(3,821)
Reclassification from OCI into income(1)						(1,469)						—						(1,469)
Net change in OCI						3,011						(8,301)						(5,290)
BALANCE AT JUNE 30, 2022						$	(946)					$	(6,105)					$	(7,051)

_____________

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						4,560						(8,449)						(3,889)
Reclassification from OCI into income(1)						(1,495)						—						(1,495)
Net change in OCI						3,065						(8,449)						(5,384)
BALANCE AT JUNE 30, 2022						$	(889)					$	(6,274)					$	(7,163)

_____________

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:

			June 30, 2022						December 31, 2021
Company-owned common units in the operating partnership			141,609,336						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		%

_________________ 

1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of June 30, 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 June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Common stock			$	0.25					$	0.25					$	0.50					$	0.50
Common units			$	0.25					$	0.25					$	0.50					$	0.50
Series A preferred units			$	0.3906					$	0.3906					$	0.7812					$	0.7812
Series C preferred stock(1)			$	0.2968750					$	—					$	0.7421875					$	—
Performance units			$	0.25					$	0.25					$	0.50					$	0.50
Payment date			June 30, 2022						June 28, 2021						N/A						N/A
Record date			June 20, 2022						June 18, 2021						N/A						N/A

_________________ 

1.Dividends paid during the six months ended June 30, 2022 include a $0.2968750 per share dividend declared and paid in each of the first and second quarters 2022 and a $0.1484375 per share dividend declared during the fourth quarter of 2021.

X

- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

+ References

No definition available.

+ Details

Name:	us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix:	us-gaap_
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 components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
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 https://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