XML 28 R11.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS L.P. - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Revenues $ 1,026,224 $ 896,835 $ 804,965
OPERATING EXPENSES      
Operating expenses 413,818 335,847 299,779
General and administrative 79,501 71,346 77,882
Depreciation and amortization 373,219 343,614 299,682
Total operating expenses 866,538 750,807 677,343
OTHER INCOME (EXPENSE)      
Income from unconsolidated real estate entities 943 1,822 736
Fee income 7,972 3,221 2,815
Interest expense (149,901) (121,939) (113,823)
Interest income 2,340 3,794 4,089
Management services reimbursement income—unconsolidated real estate entities 4,163 1,132 0
Management services expense—unconsolidated real estate entities (4,163) (1,132) 0
Transaction-related expenses (14,356) (8,911) (440)
Unrealized (loss) gain on non-real estate investments (1,440) 16,571 (2,463)
Loss on sale of real estate (2,164) 0 0
Impairment loss (28,548) (2,762) 0
Loss on extinguishment of debt 0 (6,259) (2,654)
Other income (expense) 8,951 (2,553) 548
Total other expenses (176,203) (117,016) (111,192)
Net (loss) income (16,517) 29,012 16,430
Net income attributable to non-controlling interest in consolidated real estate entities (23,418) (21,806) (18,955)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 4,964 2,902 4,571
Net income attributable to participating securities (1,194) (1,090) (1,041)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS (56,499) 6,064 383
Series A units      
OTHER INCOME (EXPENSE)      
Net income attributable to preferred units (612) (612) (612)
Series C units      
OTHER INCOME (EXPENSE)      
Net income attributable to preferred units (20,431) (2,281) 0
Office      
REVENUES      
Rental 834,408 782,736 721,286
Service and other revenues 18,292 12,634 14,633
Revenues 852,700 795,370 735,919
OPERATING EXPENSES      
Operating expenses 308,668 280,334 262,199
Studio      
REVENUES      
Rental 59,672 49,985 48,756
Service and other revenues 113,852 51,480 20,290
Revenues 173,524 101,465 69,046
OPERATING EXPENSES      
Operating expenses $ 105,150 $ 55,513 $ 37,580
Hudson Pacific Partners, L.P.      
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Service And Other Revenue [Member] Service And Other Revenue [Member] Service And Other Revenue [Member]
Cost, Product and Service [Extensible Enumeration] Service And Other Revenue [Member] Service And Other Revenue [Member] Service And Other Revenue [Member]
REVENUES      
Revenues $ 1,026,224 $ 896,835 $ 804,965
OPERATING EXPENSES      
General and administrative 79,501 71,346 77,882
Depreciation and amortization 373,219 343,614 299,682
Total operating expenses 866,538 750,807 677,343
OTHER INCOME (EXPENSE)      
Income from unconsolidated real estate entities 943 1,822 736
Fee income 7,972 3,221 2,815
Interest expense (149,901) (121,939) (113,823)
Interest income 2,340 3,794 4,089
Management services reimbursement income—unconsolidated real estate entities 4,163 1,132 0
Management services expense—unconsolidated real estate entities (4,163) (1,132) 0
Transaction-related expenses (14,356) (8,911) (440)
Unrealized (loss) gain on non-real estate investments (1,440) 16,571 (2,463)
Loss on sale of real estate (2,164) 0 0
Impairment loss (28,548) (2,762) 0
Loss on extinguishment of debt 0 (6,259) (2,654)
Other income (expense) 8,951 (2,553) 548
Total other expenses (176,203) (117,016) (111,192)
Net (loss) income (16,517) 29,012 16,430
Net income attributable to non-controlling interest in consolidated real estate entities (23,418) (21,806) (18,955)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 4,964 2,902 4,571
Net (loss) income attributable to Hudson Pacific Properties, L.P. (34,971) 10,108 2,046
Net income attributable to participating securities (1,194) (1,090) (1,041)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (57,208) $ 6,125 $ 393
BASIC AND DILUTED PER UNIT AMOUNTS      
Net (loss) income attributable to common unitholders—basic (in dollars per share) $ (0.39) $ 0.04 $ 0.00
Net (loss) income attributable to common unitholders—diluted (in dollars per share) $ (0.39) $ 0.04 $ 0.00
Weighted average shares of common units outstanding - basic (in shares) 145,580,928 153,007,287 154,040,775
Weighted average shares of common units outstanding - diluted (in shares) 145,580,928 153,332,365 154,083,773
Hudson Pacific Partners, L.P. | Series A units      
OTHER INCOME (EXPENSE)      
Net income attributable to preferred units $ (612) $ (612) $ (612)
Hudson Pacific Partners, L.P. | Series C units      
OTHER INCOME (EXPENSE)      
Net income attributable to preferred units (20,431) (2,281) 0
Hudson Pacific Partners, L.P. | Office      
REVENUES      
Rental 834,408 782,736 721,286
Service and other revenues 18,292 12,634 14,633
Revenues 852,700 795,370 735,919
OPERATING EXPENSES      
Operating expenses 308,668 280,334 262,199
Hudson Pacific Partners, L.P. | Studio      
REVENUES      
Rental 59,672 49,985 48,756
Service and other revenues 113,852 51,480 20,290
Revenues 173,524 101,465 69,046
OPERATING EXPENSES      
Operating expenses $ 105,150 $ 55,513 $ 37,580