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Equity (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Accumulated Other Comprehensive Income (Loss)

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


	Derivative Instruments		Currency Translation Adjustments		Total Accumulated Other Comprehensive (Loss) Income
BALANCE AT DECEMBER 31, 2022	$	(1,280)	$	(9,992)	$	(11,272)
Unrealized gains recognized in AOCI	12,521		5,614		18,135
Reclassification from AOCI into income(1)	(450)		—		(450)
Net change in AOCI	12,071		5,614		17,685
BALANCE AT JUNE 30, 2023	$	10,791	$	(4,378)	$	6,413

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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 AOCI:


	Derivative Instruments		Currency Translation Adjustments		Total Accumulated Other Comprehensive (Loss) Income
BALANCE AT DECEMBER 31, 2022	$	(1,260)	$	(10,200)	$	(11,460)
Unrealized gains recognized in AOCI	12,876		5,774		18,650
Reclassification from AOCI into income(1)	(462)		—		(462)
Net change in AOCI	12,414		5,774		18,188
BALANCE AT JUNE 30, 2023	$	11,154	$	(4,426)	$	6,728

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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:


	June 30, 2023		December 31, 2022
Company-owned common units in the operating partnership	140,937,702		141,054,478
Company’s ownership interest percentage	98.2	%	98.5	%
Non-controlling common units in the operating partnership(1)	2,518,462		2,191,842
Non-controlling ownership interest percentage	1.8	%	1.5	%

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1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of June 30, 2023, this amount represents both common units and performance units of 550,969 and 1,967,493, respectively. As of December 31, 2022, this amount represents both common units and performance units in the amount of 550,969 and 1,640,873, 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,
	2023		2022		2023		2022
Common stock	$	0.125	$	0.25	$	0.375	$	0.50
Common units	$	0.125	$	0.25	$	0.375	$	0.50
Series A preferred units	$	0.3906	$	0.3906	$	0.7812	$	0.7812
Series C preferred stock(1)	$	0.2968750	$	0.2968750	$	0.5937500	$	0.7421875

Performance units	$	0.125	$	0.25	$	0.375	$	0.50
Payment date	June 30, 2023		June 30, 2022		N/A		N/A
Record date	June 20, 2023		June 20, 2022		N/A		N/A

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1.Dividends paid during 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.