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Equity (Tables)

12 Months Ended

Dec. 31, 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 income (loss) (“AOCI”):

			Derivative Instruments						Currency Translation Adjustments						Total AOCI
Balance at January 1, 2020			$	(2,391)					$	1,830					$	(561)
Unrealized (loss) gain recognized in AOCI			(14,407)						1,415						(12,992)
Reclassification from AOCI into income			5,420						—						5,420
Net change in AOCI			(8,987)						1,415						(7,572)
Balance at December 31, 2020			(11,378)						3,245						(8,133)
Unrealized gain (loss) recognized in AOCI			169						(1,049)						(880)
Reclassification from AOCI into income			7,252						—						7,252
Net change in AOCI			7,421						(1,049)						6,372
Balance at December 31, 2021			(3,957)						2,196						(1,761)
Unrealized gain (loss) recognized in AOCI			612						(12,188)						(11,576)
Reclassification from AOCI into income			2,065						—						2,065
Net change in AOCI			2,677						(12,188)						(9,511)
Balance at December 31, 2022			$	(1,280)					$	(9,992)					$	(11,272)

The table below presents the activity related to Hudson Pacific Properties, LP’s AOCI:

			Derivative Instruments						Currency Translation Adjustments						Total AOCI
Balance at January 1, 2020			$	(2,458)					$	1,845					$	(613)
Unrealized (loss) gain recognized in AOCI			(14,471)						1,394						(13,077)
Reclassification from AOCI into income			5,444						—						5,444
Net change in AOCI			(9,027)						1,394						(7,633)
Balance at December 31, 2020			(11,485)						3,239						(8,246)
Unrealized gain (loss) recognized in AOCI			171						(1,064)						(893)
Reclassification from AOCI into income			7,360						—						7,360
Net change in AOCI			7,531						(1,064)						6,467
Balance at December 31, 2021			(3,954)						2,175						(1,779)
Unrealized gain (loss) recognized in AOCI			597						(12,375)						(11,778)
Reclassification from AOCI into income			2,097						—						2,097
Net change in AOCI			2,694						(12,375)						(9,681)
Balance at December 31, 2022			$	(1,260)					$	(10,200)					$	(11,460)

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:

						December 31, 2022						December 31, 2021						December 31, 2020
Company-owned common units in the operating partnership						141,054,478						151,124,543						151,401,365
Company’s ownership interest percentage						98.5		%				98.8		%				99.1		%
Non-controlling common units in the operating partnership(1)						2,191,842						1,842,898						1,321,083
Non-controlling ownership interest percentage						1.5		%				1.2		%				0.9		%

_________________ 

1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of December 31, 2022, this amount represents both common units and performance units of 550,969 and 1,640,873, respectively. 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.

Schedule of Dividends

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

			For the Year Ended December 31,
			2022						2021						2020
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)			$	1.3359					$	—					$	—

_________________ 

1.The fourth quarter 2022 dividends were paid on December 29, 2022 to shareholders and unitholders of record on December 19, 2022.

2.Dividends paid during the year ended December 31, 2022 include a $0.2968750 per share dividend declared and paid in each of the first, second, third and fourth quarters of 2022 and a $0.1484375 per share dividend declared during the fourth quarter of 2021.

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
3/21/2022			3/31/2022			$	0.250000		$	0.107170		$	0.107170		$	0.000000		$	0.000000		$	0.142830
6/20/2022			6/30/2022			0.250000			0.107170			0.107170			0.000000			0.000000			0.142830
9/19/2022			9/29/2022			0.250000			0.107170			0.107170			0.000000			0.000000			0.142830
12/19/2022			12/29/2022			0.250000			0.107170			0.107170			0.000000			0.000000			0.142830
			TOTALS			$	1.000000		$	0.428680		$	0.428680		$	0.000000		$	0.000000		$	0.571320
						100.00		%	42.87		%							0.00		%	57.13		%

The Company’s dividends related to its 4.750% series C preferred 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
3/21/2022			3/31/2022			$	0.445313		$	0.445313		$	0.445313		$	0.000000		$	0.000000		$	0.000000
6/20/2022			6/30/2022			0.296875			0.296875			0.296875			0.000000			0.000000			0.000000
9/19/2022			9/29/2022			0.296875			0.296875			0.296875			0.000000			0.000000			0.000000
12/19/2022			12/29/2022			0.296875			0.296875			0.296875			0.000000			0.000000			0.000000
			TOTALS			$	1.335938		$	1.335938		$	1.335938		$	0.000000		$	0.000000		$	0.000000
						100.00		%	100.00		%							0.00		%	0.00		%

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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 https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

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-Name Accounting Standards Codification
-Topic 220
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-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

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-Name Accounting Standards Codification
-Topic 830
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-Section 45
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