EX-99.2 3 q22023ex992.htm EX-99.2

Page 2 of 31 Table of Contents Page Executive Summary 3 Corporate Information 5 Consolidated Balance Sheets 7 Consolidated Statements of Operations 8 Funds from Operations & Adjusted Funds from Operations 9 Consolidated Same-Store Property Performance 10 NOI Detail 11 Debt Summary & Debt Metrics 12 Debt Maturities, Composition & Hedging Instruments 13 Debt Covenant Compliance 14 Existing Portfolio Summary 15 Office Properties by Location 16 Office Properties Occupancy Detail 17 15 Largest Office Tenants 18 Studio Properties & Services 19 Office Leasing Activity 20 Expiring Office Leases Summary 21 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters 22 Under Construction & Future Development Pipeline 24 Consolidated & Unconsolidated Ventures 25 Definitions 26 Non-GAAP Reconciliations 29 Hudson Pacific Properties, Inc. is referred to herein as the “Company,” “Hudson Pacific,” “HPP,” “we,” “us,” or “our.” This Supplemental Information contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements involve numerous risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement made by us. These risks and uncertainties include, but are not limited to: adverse economic or real estate developments in our target markets; general economic conditions; defaults on, early terminations of or non-renewal of leases by tenants; fluctuations in interest rates and increased operating costs; our failure to obtain necessary outside financing, including as a result of further downgrades in the credit ratings of our unsecured indebtedness; our failure to generate sufficient cash flows to service our outstanding indebtedness and maintain dividend payments; lack or insufficient amounts of insurance; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions; our failure to successfully operate acquired properties and operations; our failure to maintain our status as a REIT; the loss of key personnel; environmental uncertainties and risks related to adverse weather conditions and natural disasters; financial market and foreign currency fluctuations; risks related to acquisitions generally, including the diversion of management’s attention from ongoing business operations and the impact on customers, tenants, lenders, operating results and business; the inability to successfully integrate acquired properties, realize the anticipated benefits of acquisitions or capitalize on value creation opportunities; changes in the tax laws and uncertainty as to how those changes may be applied; changes in real estate and zoning laws and increases in real property tax rates; an epidemic or pandemic, and the measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities may implement to address it, which may precipitate or exacerbate one or more of the above-mentioned factors and/or other risks, and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period; and other factors affecting the real estate industry generally. These factors are not exhaustive. For a discussion of important risks related to Hudson Pacific’s business and an investment in its securities, including risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information, see the discussion under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K as well as other risks described in documents we file with the Securities and Exchange Commission, or SEC. You are cautioned that the information contained herein speaks only as of the date hereof and Hudson Pacific assumes no obligation to update any forward-looking information, whether as a result of new information, future events or otherwise. This Supplemental Information also includes non-GAAP financial measures, which are accompanied by what we consider the most directly comparable financial measures calculated and presented in accordance with GAAP. In addition, quantitative reconciliations of the differences between the most directly comparable GAAP and non-GAAP financial measures presented are also provided within this Supplemental Information. Definitions of these non-GAAP financial measures, along with that of HPP’s Share of certain of these measures, can be found in the Definitions section of this Supplemental information.

Page 3 of 31 Executive Summary Three Months Ended June 30, 2023 "We continued to focus on the controllable aspects of our business during the quarter, which included leasing and expense management, given the industry challenges we are working to navigate," said Victor Coleman, Chairman & CEO. "Last month, the national entertainment strike expanded, with the actors joining the writers on strike for the first time since 1960. A strike of this magnitude, while rare and historically short-term, can be extremely impactful and far-reaching. We’re working diligently to mitigate its impact and to ensure our studio business is well positioned to capture the potential surge in production upon resolution. Regarding our office portfolio, a greater percentage of our tenants are starting to enforce back-to- office requirements, which we believe could ultimately result in the need for more office space as workforces have grown on a net basis over the past five years in many industries central to our leasing efforts. The timeline for tenant decision making remains extended, but increased interest is signaling that office fundamentals could begin to evolve in a more positive manner in our west coast markets. With our attention to capital preservation and addressing our debt maturities, we expect to overcome today’s challenges and capitalize on longer-term tenant activity within our attractive portfolio." Three Months Ended Unaudited, in thousands, except share data 6/30/23 6/30/22 OPERATIONAL HIGHLIGHTS Office In-service % occupied 85.2 % 90.8 % In-service % leased 87.0 % 92.3 % Leases executed (square feet) 403,231 713,696 % change in GAAP rent (3.8) % 16.2 % % change in cash rent (8.1) % 5.5 % Weighted average lease term (in months) 48.1 60.7 Net effective rent per square foot $ 44.08 $ 43.86 Studio In-service stage % leased 95.7 % 94.9 % In-service total % leased 86.5 % 84.0 % FINANCIAL HIGHLIGHTS Total revenues $ 245,168 $ 251,430 Net (loss) income $ (31,474) $ 3,546 Net loss per diluted share $ (0.26) $ (0.05) FFO (excluding specified items) per common stock/unit—diluted(1) $ 0.24 $ 0.51 FFO per common stock/unit—diluted(1) $ 0.29 $ 0.50 AFFO per common stock/unit—diluted(1) $ 0.22 $ 0.41 AFFO payout ratio(1) 58.8 % 60.4 % GAAP same-store NOI growth(2) (3.2) % 3.1 % Cash same-store NOI growth(2) 4.7 % 7.3 % Weighted average common stock/units outstanding—diluted 143,428 146,344 BALANCE SHEET HIGHLIGHTS HPP's share of debt, net/HPP's share of undepreciated book value(2) 38.7 % 35.1 % HPP's share of debt, net/cash adjusted EBITDAre for selected ratios(2)(3) 8.7x 7.4x Weighted average years to maturity—HPP’s share of secured and unsecured debt 3.8 4.7 Unsecured revolving credit facility undrawn capacity $ 472,000 $ 515,000 Unrestricted cash and cash equivalents $ 109,220 $ 266,538 Note: Definitions for commonly used terms on pages 26-28. (1) See page 9 for a reconciliation of net loss to FFO and AFFO. (2) See page 29-31 for non-GAAP reconciliations. (3) Including the annualized impact of Google Inc.’s One Westside May 2023 lease commencement, HPP’s share of debt, net to HPP’s share of cash adjusted EBITDAre is 8.6x.

Page 4 of 31 Executive Summary (continued) Three Months Ended June 30, 2023 Financial Results Compared to Second Quarter 2022 • Total revenue of $245.2 million compared to $251.4 million, primarily due to previously communicated vacancies at Skyport Plaza and 10900-10950 Washington and the sales of 6922 Hollywood and Skyway Landing • Net loss attributable to common stockholders of $36.2 million, or $0.26 per diluted share, compared to net loss of $7.4 million, or $0.05 per diluted share, driven by the aforementioned tenant move-outs and asset sales, higher operating expenses associated with the Quixote acquisition and increased interest expense • FFO, excluding specified items, of $34.5 million, or $0.24 per diluted share, compared to $74.6 million, or $0.51 per diluted share. Specified items consist of transaction-related income (rather than expense) of $2.5 million, or $0.02 per diluted share (includes lowering accruals for future earn-outs related to the Zio Studio Services acquisition); prior-period property tax reimbursement of $1.5 million, or $0.01 per diluted share; deferred tax asset write-off expense of $3.5 million, or $0.02 per diluted share; and, gain on debt extinguishment of $7.2 million (net of taxes), or $0.05 per diluted share. Prior year specified items consisted of transaction-related expenses of $1.1 million, or $0.01 per diluted share; and prior-period property tax expense of $0.5 million, or $0.00 per diluted share • FFO of $42.2 million, or $0.29 per diluted share, compared to $73.0 million, or $0.50 per diluted share • AFFO of $31.1 million, or $0.22 per diluted share, compared to $60.3 million, or $0.41 per diluted share • Same-store cash NOI of $127.6 million up 4.7% compared to $121.9 million, mostly attributable to significant office lease commencements at One Westside and Harlow Leasing • Executed 61 new and renewal leases totaling 403,231 square feet, including a 56,000-square-foot renewal and extension with Rivian Automotive at Clocktower Square through 2028 • GAAP and cash rents decreased 3.8% and 8.1%, respectively, from prior levels • In-service office portfolio ended the quarter at 85.2% occupied and 87.0% leased, with the change primarily attributable to small- to mid-sized expirations in the Peninsula and Silicon Valley, and to a lesser extent, Vancouver • On average over the trailing 12 months, the in-service studio portfolio was 86.5% leased, and the related 35 stages were 95.7% leased Balance Sheet as of June 30, 2023 • $581.2 million of total liquidity comprised of $109.2 million of unrestricted cash and cash equivalents and $472.0 million of undrawn capacity under the unsecured revolving credit facility • $90.0 million and $32.4 million of undrawn capacity under construction loans secured by One Westside/ Westside Two and Sunset Glenoaks Studios, respectively • HPP's share of net debt to HPP's share of undepreciated book value was 38.7% with 85.3% of debt fixed or capped and no material maturities until the loan secured by One Westside, which is 100% leased to Google through 2036, matures in December 2024 • Repaid the Quixote loan for $150.0 million, a $10.0 million discount on the principal balance, with funds from the unsecured revolving credit facility Dividend • The Company's Board of Directors declared and paid dividends on its common stock of $0.125 per share, and on its 4.750% Series C cumulative preferred stock of $0.296875 per share ESG Leadership • Issued 2022 Corporate Responsibility Report outlining achievements, including ranking #1 amongst office companies in the Americas in the GRESB Real Estate Assessment, winning Nareit’s Office Leader in the Light Award, inclusion in the Bloomberg Gender-Equality Index, and launch of HPPx2030 with ambitious targets to reduce climate impact and diversify management Note: Definitions for commonly used terms on pages 26-28.

Page 5 of 31 Corporate Information Executive Management: Victor J. Coleman Chief Executive Officer and Chairman Mark Lammas President Lisa Burelli Chief People Officer Harout Diramerian Chief Financial Officer Drew B. Gordon Chief Investment Officer Kay L. Tidwell Executive Vice President, General Counsel and Chief Risk Officer Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. Victor J. Coleman Chairman of the Board, Chief Executive Officer, Hudson Pacific Properties, Inc. Theodore R. Antenucci President and Chief Officer, Catellus Development Corporation Karen Brodkin Executive Vice President, Content Strategy and Development, Endeavor Ebs Burnough Managing Director, Hatch House Media and President and Founder, Ebs Burnough Solutions International Richard B. Fried Managing Member, Farallon Capital Management, L.L.C. Andy Wattula Chief Operating Officer Christopher Barton Executive Vice President, Development and Capital Investments Laura Campbell Executive Vice President, Investor Relations and Marketing Gary Hansel Executive Vice President, Southern California Office Operations Steven Jaffe Executive Vice President, Business Affairs Shawn McGarry Executive Vice President, Northern California Office Operations Dale Shimoda Executive Vice President, Finance Jeff Stotland Executive Vice President, Global Studios Arthur X. Suazo Executive Vice President, Leasing Chuck We Executive Vice President, Pacific Northwest/Canada Office Operations Jonathan M. Glaser Managing Member, JMG Capital Management LLC Christy Haubegger Executive Vice President and Chief Enterprise Inclusion Officer (retired), WarnerMedia Mark D. Linehan President and Chief Executive Officer, Wynmark Company Barry Sholem Founder and Partner, MSD Partners, L.P. and Chairman and Senior Advisor, BDT & MSD Partners Andrea Wong President (retired), International Production, Sony Pictures Television Board of Directors:

Page 6 of 31 Corporate Information (continued) BMO Capital Markets John Kim (212) 885-4115 BofA Securities Jeff Spector (646) 855-1363 BTIG Tom Catherwood (212) 738-6140 Citigroup Global Markets Michael Griffin (212) 816-5871 Piper Sandler & Company Alexander Goldfarb (212) 466-7937 Scotiabank Nicholas Yulico (212) 225-6904 Wells Fargo Securities Blaine Heck (443) 263-6529 Wolfe Research Andrew Rosivach (646) 582-9250 Fitch Ratings Stephen Boyd (212) 908-9153 Moody’s Investor Service Ranjini Venkatesan (212) 553-3828 Standard & Poor’s Hannah Gray (646) 784-0134 Equity Research Coverage: Goldman Sachs Caitlin Burrows (212) 902-4736 Green Street Advisors Dylan Burzinski (949) 640-8780 Jefferies LLC Peter Abramowitz (212) 336-7241 Mizuho Securities Vikram Malhotra (212) 282-3827 Morgan Stanley Ronald Kamdem (212) 296-8319 Rating Agencies: Corporate Contact: Corporate Headquarters 11601 Wilshire Boulevard Ninth Floor Los Angeles, CA 90025 (310) 445-5700 Website www.hudsonpacificproperties.com Investor Relations Laura Campbell Executive Vice President, Investor Relations and Marketing (310) 622-1702

Page 7 of 31 Consolidated Balance Sheets In thousands, except share data 6/30/23 12/31/22 (Unaudited) ASSETS Investment in real estate, net $ 7,169,286 $ 7,175,301 Non-real estate property, plant and equipment, net 119,526 130,289 Cash and cash equivalents 109,220 255,761 Restricted cash 18,583 29,970 Accounts receivable, net 18,921 16,820 Straight-line rent receivables, net 294,050 279,910 Deferred leasing costs and intangible assets, net 371,525 393,842 Operating lease right-of-use assets 393,911 401,051 Prepaid expenses and other assets, net 128,836 98,837 Investment in unconsolidated real estate entities 218,422 180,572 Goodwill 263,549 263,549 Assets associated with real estate held for sale — 93,238 TOTAL ASSETS $ 9,105,829 $ 9,319,140 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 4,473,107 4,585,862 Joint venture partner debt 66,136 66,136 Accounts payable, accrued liabilities and other 274,294 264,098 Operating lease liabilities 395,170 399,801 Intangible liabilities, net 30,798 34,091 Security deposits, prepaid rent and other 92,021 83,797 Liabilities associated with real estate held for sale — 665 Total liabilities 5,331,526 5,434,450 Redeemable preferred units of the operating partnership 9,815 9,815 Redeemable non-controlling interest in consolidated real estate entities 119,136 125,044 Equity HPP stockholders' equity: 4.750% Series C cumulative redeemable preferred stock, $0.01 par value, $25.00 per share liquidation preference,18,400,000 authorized; 17,000,000 shares outstanding at 6/30/23 and 12/31/22 425,000 425,000 Common stock, $0.01 par value, 481,600,000 authorized, 140,937,702 shares and 141,054,478 shares outstanding at 6/30/23 and 12/31/22, respectively 1,403 1,409 Additional paid-in capital 2,783,858 2,889,967 Accumulated other comprehensive income (loss) 6,413 (11,272) Total HPP stockholders’ equity 3,216,674 3,305,104 Non-controlling interest—members in consolidated real estate entities 355,270 377,756 Non-controlling interest—units in the operating partnership 73,408 66,971 Total equity 3,645,352 3,749,831 TOTAL LIABILITIES AND EQUITY $ 9,105,829 $ 9,319,140

Page 8 of 31 Consolidated Statements of Operations Unaudited, in thousands, except share data Three Months Ended Six Months Ended 6/30/23 6/30/22 6/30/23 6/30/22 REVENUES Office Rental revenues $ 203,486 $ 211,836 $ 406,143 $ 418,028 Service and other revenues 3,805 4,408 7,781 9,616 Total office revenues 207,291 216,244 413,924 427,644 Studio Rental revenues 16,374 13,438 32,627 26,832 Service and other revenues 21,503 21,748 50,880 41,467 Total studio revenues 37,877 35,186 83,507 68,299 Total revenues 245,168 251,430 497,431 495,943 OPERATING EXPENSES Office operating expenses 76,767 78,558 150,821 152,189 Studio operating expenses 34,679 20,686 71,923 39,669 General and administrative 18,941 21,871 37,665 42,383 Depreciation and amortization 98,935 91,438 196,074 183,631 Total operating expenses 229,322 212,553 456,483 417,872 OTHER INCOME (EXPENSES) (Loss) income from unconsolidated real estate entities (715) 1,780 (1,460) 2,083 Fee income 2,284 1,140 4,686 2,211 Interest expense (54,648) (33,719) (108,455) (64,555) Interest income 236 920 607 1,830 Management services reimbursement income—unconsolidated real estate entities 1,059 1,068 2,123 2,176 Management services expense—unconsolidated real estate entities (1,059) (1,068) (2,123) (2,176) Transaction-related expenses 2,530 (1,126) 1,344 (1,382) Unrealized loss on non-real estate investments (843) (1,818) (4) (168) Gain on sale of real estate — — 7,046 — Impairment loss — (3,250) — (23,753) Gain on extinguishment of debt 10,000 — 10,000 — Other income (expense) 138 (21) 135 (9) Total other expenses (41,018) (36,094) (86,101) (83,743) (Loss) income before income tax (provision) benefit (25,172) 2,783 (45,153) (5,672) Income tax (provision) benefit (6,302) 763 (1,140) 1,603 Net (loss) income (31,474) 3,546 (46,293) (4,069) Net income attributable to Series A preferred units (153) (153) (306) (306) Net income attributable to Series C preferred shares (5,047) (5,047) (10,094) (10,337) Net income attributable to participating securities (297) (300) (850) (594) Net income attributable to non-controlling interest in consolidated real estate entities (346) (7,081) (1,377) (15,642) Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 508 1,506 1,402 3,396 Net loss attributable to common units in the operating partnership 646 93 928 323 NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (36,163) $ (7,436) $ (56,590) $ (27,229) BASIC AND DILUTED PER SHARE AMOUNTS Net loss attributable to common stockholders—basic (0.26) $ (0.05) (0.40) (0.19) Net loss attributable to common stockholders—diluted (0.26) $ (0.05) (0.40) (0.19) Weighted average shares of common stock outstanding—basic 140,910 143,817 140,967 146,487 Weighted average shares of common stock outstanding—diluted 140,910 143,817 140,967 146,487

Page 9 of 31 Funds from Operations & Adjusted Funds from Operations Unaudited, in thousands, except per share data FUNDS FROM OPERATIONS Three Months Ended Six Months Ended 6/30/23 6/30/22 6/30/23 6/30/22 Net (loss) income $ (31,474) $ 3,546 $ (46,293) $ (4,069) Adjustments: Depreciation and amortization—consolidated 98,935 91,438 196,074 183,631 Depreciation and amortization—non-real estate assets (8,832) (4,485) (17,224) (8,917) Depreciation and amortization—HPP’s share from unconsolidated real estate entities 1,195 1,320 2,458 2,689 Gain on sale of real estate — — (7,046) — Impairment loss—real estate assets — 3,250 — 15,253 Unrealized loss on non-real estate investments 843 1,818 4 168 FFO attributable to non-controlling interests (13,239) (18,687) (26,862) (38,687) FFO attributable to preferred shares and units (5,200) (5,200) (10,400) (10,643) FFO to common stock/unit holders 42,228 73,000 90,711 139,425 Specified items impacting FFO: Transaction-related expenses (2,530) 1,126 (1,344) 1,382 Impairment loss—trade name — — — 8,500 Prior period net property tax adjustment—HPP’s share (1,469) 477 (1,469) 451 Deferred tax asset valuation allowance 3,516 — 3,516 — One-time gain on debt extinguishment (10,000) — (10,000) — One-time tax impact of gain on debt extinguishment 2,751 — 2,751 — FFO (excluding specified items) to common stock/unit holders $ 34,496 $ 74,603 $ 84,165 $ 149,758 Weighted average common stock/units outstanding—diluted 143,428 146,344 143,379 149,249 FFO per common stock/unit—diluted $ 0.29 $ 0.50 $ 0.63 $ 0.93 FFO (excluding specified items) per common stock/unit—diluted $ 0.24 $ 0.51 $ 0.59 $ 1.00 Note: Definitions for commonly used terms on pages 26-28. ADJUSTED FUNDS FROM OPERATIONS Three Months Ended Six Months Ended 6/30/23 6/30/22 6/30/23 6/30/22 FFO (excluding specified items) $ 34,496 $ 74,603 $ 84,165 $ 149,758 Adjustments: GAAP non-cash revenue (straight-line rent and above/below- market rents) (2,660) (9,770) (11,796) (21,760) GAAP non-cash expense (straight-line rent expense and above/ below-market ground rent) 1,814 970 3,637 1,936 Non-real estate depreciation and amortization 8,832 4,485 17,224 8,917 Non-cash interest expense 5,025 2,407 9,701 4,810 Non-cash compensation expense 6,229 5,993 11,385 11,322 Recurring capital expenditures, tenant improvements and lease commissions (22,599) (18,386) (48,124) (35,885) AFFO $ 31,137 $ 60,302 $ 66,192 $ 119,098 Dividends paid to common stock/unit holders $ 18,295 $ 36,406 $ 54,960 $ 73,348 AFFO payout ratio 58.8 % 60.4 % 83.0 % 61.6 %

Page 10 of 31 Consolidated Same-Store Property Performance Unaudited, in thousands, except number of properties and square feet SAME-STORE ANALYSIS Three Months Ended Six Months Ended 6/30/23 6/30/22 % Change 6/30/23 6/30/22 % Change Same-store office statistics Number of properties 43 43 43 43 Square feet 12,085,238 12,085,238 12,085,238 12,085,238 Average % occupied 85.6 % 91.2 % 86.1 % 91.5 % Same-store studio statistics Number of properties 3 3 3 3 Square feet 1,230,997 1,230,997 1,230,997 1,230,997 Average % leased 86.5 % 84.0 % 86.5 % 84.0 % Same-store NOI(1) Office revenues $ 193,566 $ 195,358 (0.9) % $ 387,563 $ 385,095 0.6 % Office expenses 70,432 68,298 3.1 138,527 132,661 4.4 Same-store office NOI 123,134 127,060 (3.1) 249,036 252,434 (1.3) Studio revenues 17,561 20,662 (15.0) 39,950 41,050 (2.7) Studio expenses 9,509 12,221 (22.2) 21,540 23,821 (9.6) Same-store studio NOI 8,052 8,441 (4.6) 18,410 17,229 6.9 Total same-store NOI $ 131,186 $ 135,501 (3.2) % $ 267,446 $ 269,663 (0.8) % SAME-STORE ANALYSIS (CASH BASIS) Three Months Ended Six Months Ended 6/30/23 6/30/22 % Change 6/30/23 6/30/22 % Change Same-store NOI (cash basis) Office cash revenues $ 189,190 $ 181,225 4.4 % $ 371,728 $ 353,370 5.2 % Office cash expenses 69,322 67,196 3.2 136,292 130,461 4.5 Same-store office NOI (cash basis) 119,868 114,029 5.1 235,436 222,909 5.6 Studio cash revenues 17,153 20,025 (14.3) 39,058 39,833 (1.9) Studio cash expenses 9,396 12,152 (22.7) 21,316 23,683 (10.0) Same-store studio NOI (cash basis) 7,757 7,873 (1.5) 17,742 16,150 9.9 Total same-store NOI (cash basis) $ 127,625 $ 121,902 4.7 % $ 253,178 $ 239,059 5.9 % Note: Definitions for commonly used terms on pages 26-28. (1) See page 29 for non-GAAP reconciliations.

Page 11 of 31 NOI Detail Three Months Ended June 30, 2023 | Unaudited, in thousands Same-Store Office Same-Store Studio Non-Same- Store Office Non-Same- Store Studio(1) Total REVENUE Cash rent $ 150,405 $ 12,455 $ 12,453 $ 3,281 $ 178,594 Cash tenant recoveries 35,005 230 1,305 — 36,540 Straight-line rent 3,049 417 (67) — 3,399 Amortization of above/below-market leases, net 1,589 — 30 — 1,619 Amortization of lease incentive costs (262) (9) (21) — (292) Total rental revenue 189,786 13,093 13,700 3,281 219,860 Service and other revenues 3,780 4,468 25 17,035 25,308 Total revenue 193,566 17,561 13,725 20,316 245,168 OPERATING EXPENSES Property operating expenses 69,322 9,396 6,333 24,321 109,372 Straight-line rent 399 — — — 399 Non-cash compensation expense 35 113 — — 148 Amortization of above/below-market ground leases, net 676 — 2 849 1,527 Total operating expenses 70,432 9,509 6,335 25,170 111,446 CONSOLIDATED NOI(2) $ 123,134 $ 8,052 $ 7,390 $ (4,854) $ 133,722 Add: HPP’s share of NOI from unconsolidated real estate entity(3) — — 2,788 — 2,788 Less: NOI attributable to non-controlling interests(3) 21,370 3,634 752 — 25,756 HPP’s share of NOI $ 101,764 $ 4,418 $ 9,426 $ (4,854) $ 110,754 Reconciliation to Cash NOI Consolidated NOI $ 123,134 $ 8,052 $ 7,390 $ (4,854) $ 133,722 Straight-line rent, net (2,650) (417) 67 — (3,000) Non-cash compensation expense 35 113 — — 148 Amortization of above/below-market leases, net (1,589) — (30) — (1,619) Amortization of lease incentive costs 262 9 21 — 292 Amortization of above/below-market ground leases, net 676 — 2 849 1,527 CONSOLIDATED CASH NOI $ 119,868 $ 7,757 $ 7,450 $ (4,005) $ 131,070 Add: HPP’s share of cash NOI from unconsolidated real estate entity(3) — — 1,989 — 1,989 Less: Cash NOI attributable to non-controlling interests(3) 19,455 3,479 752 — 23,686 HPP’s share of Cash NOI $ 100,413 $ 4,278 $ 8,687 $ (4,005) $ 109,373 Note: Definitions for commonly used terms on pages 26-28. (1) Includes Quixote (Zio Studio Services and Star Waggons, as well as a 29 acre property with office improvements used for production services operations, also operate as Quixote). (2) See page 29 for non-GAAP reconciliations. (3) See page 25 for a list of our consolidated and unconsolidated joint venture properties.

Page 12 of 31 Debt Summary & Debt Metrics As of June 30, 2023 | Unaudited, in thousands DEBT SUMMARY Outstanding Balance HPP’s Share Stated Interest Rate Maturity Date(1) UNSECURED DEBT Series E notes $ 50,000 $ 50,000 3.66% 9/15/23 Series B notes 259,000 259,000 4.69% 12/16/25 Series D notes 150,000 150,000 3.98% 7/6/26 Unsecured revolving credit facility(2) 528,000 528,000 SOFR + 1.15% to 1.60% 12/21/26 3.95% Registered senior notes 400,000 400,000 3.95% 11/1/27 Series C notes 56,000 56,000 4.79% 12/16/27 5.95% Registered senior notes 350,000 350,000 5.95% 2/15/28 4.65% Registered senior notes 500,000 500,000 4.65% 4/1/29 3.25% Registered senior notes 400,000 400,000 3.25% 1/15/30 Total unsecured debt 2,693,000 2,693,000 SECURED DEBT One Westside and Westside Two(2) 324,632 243,474 SOFR + 1.60% 12/18/24 Element LA 168,000 168,000 4.59% 11/6/25 1918 Eighth 314,300 172,865 SOFR + 1.40% 12/18/25 Hollywood Media Portfolio(3) 1,100,000 561,000 LIBOR + 0.99% 8/9/26 Acquired Hollywood Media Portfolio debt(3) (209,814) (209,814) LIBOR + 1.55% 8/9/26 Hollywood Media Portfolio, net 890,186 351,186 Hill7 101,000 55,550 3.38% 11/6/28 Total secured debt 1,798,118 991,075 Total unsecured and secured debt $ 4,491,118 $ 3,684,075 Consolidated joint venture partner debt $ 66,136 $ — 4.50% 10/9/32 UNCONSOLIDATED DEBT Bentall Centre $ 502,365 $ 100,473 CDOR + 1.75% 7/1/24 Sunset Glenoaks Studios(2) 68,184 34,092 SOFR + 3.10% 1/9/25 Total unconsolidated debt $ 570,549 $ 134,565 Note: Definitions for commonly used terms on pages 26-28. (1) Maturity dates include the effect of extension options. (2) As of June 30, 2023, we had undrawn capacity of $472.0 million on our unsecured revolving credit facility, $90.0 million on our One Westside and Westside Two loan and $32.4 million on our Sunset Glenoaks Studios loan. (3) Effective in July 2023, the LIBOR-based interest rate was replaced with an interest rate of SOFR + 1.10% and SOFR + 1.66% for the Hollywood Media Portfolio loan and the related acquired debt, respectively. (4) See pages 30-31 for non-GAAP reconciliations. DEBT METRICS Total unsecured and secured debt $ 4,491,118 Less: Consolidated cash and cash equivalents (109,220) Consolidated debt, net $ 4,381,898 Less: Partners' share of consolidated unsecured and secured debt (807,043) Add: HPP's share of unconsolidated real estate entities' debt 134,565 Add: Partners' share of consolidated cash and cash equivalents 31,132 Less: HPP's share of unconsolidated real estate entities' cash and cash equivalents (16,486) HPP's share of debt, net $ 3,724,066 HPP's share of debt, net/HPP's share of undepreciated book value(4) 38.7 % Consolidated debt, net/cash adjusted EBITDAre for selected ratios(4) 8.4x HPP's share of debt, net/HPP's share of cash adjusted EBITDAre for selected ratios (4) 8.7x

Page 13 of 31 Debt Maturities, Composition & Hedging Instruments(1) Unaudited, in thousands DEBT COMPOSITION Weighted Average Amount % of Total Debt Effective Interest Rate Years to Maturity HPP’s share of secured and unsecured debt Unsecured $2,693,000 70.5 % 4.8% 4.4 Secured 1,125,640 29.5 4.9 2.4 Total $3,818,640 100.0 % 4.8% 3.8 HPP’s share of fixed, capped, and floating rate debt Fixed(2) $2,561,415 67.1 % 4.5% 4.4 Capped 695,565 18.2 4.9 2.7 Floating(3) 561,660 14.7 6.3 2.7 Total $3,818,640 100.0 % 4.8% 3.8 GAAP effective rate 5.0% Debt Maturity Schedule $50,000 $259,000 $678,000 $456,000 $350,000 $500,000 $400,000$343,947 $374,957 $351,186 $55,550 Secured Unsecured 2023 2024 2025 2026 2027 2028 2029 2030 + $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Note: Definitions for commonly used terms on pages 26-28. (1) Reflects HPP’s share of principal amortization and maturities based on contractual maturity dates, including impact of extension options, and excluding unamortized deferred financing costs, loan discounts/premiums, and consolidated joint venture partners’ debt. (2) Fixed rate debt includes debt subject to interest rate swaps. (3) Floating rate debt exposure is net of the acquired Hollywood Media Portfolio debt. HEDGING INSTRUMENTS Underlying Debt Instrument HPP Notional Amount Effective Date Maturity Date Strike/Swap Rate Underlying Index Interest rate swaps Hollywood Media Portfolio, net $351,186 8/15/23 6/15/26 3.31% SOFR 1918 Eighth $172,865 2/1/23 10/18/25 3.75% SOFR Interest rate caps Hollywood Media Portfolio $561,000 8/15/21 8/15/23 3.50% LIBOR Bentall Centre $100,473 6/29/22 6/30/23 4.56% CDOR Sunset Glenoaks Studios $34,092 8/15/22 1/9/25 4.50% SOFR

Page 14 of 31 Debt Covenant Compliance(1) Covenant Actual Performance Unsecured revolving credit facility, term loans and private placement Total liabilities to total asset value ≤ 60% 47.5% Unsecured indebtedness to unencumbered asset value ≤ 60% 53.7% Adjusted EBITDA to fixed charges ≥ 1.5x 2.4x Secured indebtedness to total asset value ≤ 45% 20.0% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.6x Unsecured registered senior notes Debt to total assets ≤ 60% 45.7% Total unencumbered assets to unsecured debt ≥ 150% 218.4% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 2.5x Secured debt to total assets ≤ 45% 19.1% (1) Covenants and actual performance reflect most restrictive terms and definitions of latest amended and restated credit agreement or indentures governing unsecured registered senior notes in accordance with our financial results as of June 30, 2023, at which time the operating partnership was in compliance.

Page 15 of 31 Existing Portfolio Summary Unaudited, in thousands, except per share data Three Months Ended 6/30/23 3/31/23 12/31/22 9/30/22 6/30/22 Number of office properties owned 50 49 52 53 54 In-service office square feet 14,507,904 14,483,122 14,649,221 14,647,281 14,639,067 In-service office % leased 87.0 % 88.7 % 89.7 % 89.3 % 92.3 % In-service office % occupied 85.2 % 86.9 % 88.0 % 87.8 % 90.8 % Number of studio properties owned 4 4 4 4 4 In-service studio square feet(1) 1,230,997 1,226,576 1,230,454 1,230,454 1,230,454 In-service studio % leased 86.5 % 86.3 % 84.6 % 84.4 % 84.0 % HPP's Share ABR % by Industry 38.5% 16.4% 8.5% 7.6% 7.2% 5.9% 15.9% Technology Media & Entertainment Legal Retail Business Services Financial Services Other YTD HPP's Share NOI % by Region 34.7% 29.0% 21.2% 12.7% 2.4% Silicon Valley Los Angeles San Francisco Seattle Vancouver HPP's Share Tech ABR % by Public/ Private Tenants & Age 84.0% 8.8% 7.2% Public Private > 10 Yrs. Private < 10 Yrs. YTD HPP's Share NOI % Office vs. Studio 98.6% 1.4% Office Studio Note: Definitions for commonly used terms on pages 26-28. (1) See page 19 for a list of in-service studio properties. (2) See page 29 for non-GAAP reconciliations. (3) Includes the in-service population of office and studio properties. (4) Reflects status of tenant or tenant's parent entity. There can be no assurance that tenant's parent entity will satisfy lease and other obligations upon default. (2) (4)(3)

Page 16 of 31 Office Properties by Location Note: Definitions for commonly used terms on pages 26-28. (1) Excludes 385,583 square feet taken off-line for change of use and/or significant capital repositioning. Properties Square Feet % Occupied % Leased Annualized Base Rent HPP’s Share Annualized Base Rent Annualized Base Rent Per Square Foot Los Angeles, California West Los Angeles 5 1,481,981 97.0 % 98.8 % $ 85,481,615 $ 76,321,409 $ 59.44 Hollywood 5 967,194 100.0 100.0 64,719,075 33,006,728 66.91 Downtown Los Angeles 2 234,664 100.0 100.0 10,920,676 10,920,676 46.54 Subtotal 12 2,683,839 98.4 99.4 161,121,366 120,248,813 61.03 San Francisco Bay Area, California North San Jose 5 2,636,332 62.4 66.9 74,544,356 74,544,356 45.29 San Francisco 7 2,425,498 94.1 94.2 147,644,537 113,422,404 64.68 Palo Alto 7 1,140,984 90.4 90.4 87,674,155 87,674,155 84.99 Redwood Shores 4 950,373 84.5 85.0 54,859,422 54,859,422 68.33 Foster City 1 725,366 75.3 88.0 32,286,435 32,286,435 59.08 Santa Clara 1 284,903 73.0 74.3 10,465,277 10,465,277 50.31 Subtotal 25 8,163,456 79.8 82.5 407,474,182 373,252,049 62.52 Greater Seattle, Washington Denny Triangle 4 1,339,690 99.6 99.6 51,204,129 34,068,903 38.39 Pioneer Square 4 806,742 62.9 64.9 20,978,377 20,978,377 41.37 Subtotal 8 2,146,432 85.8 86.5 72,182,506 55,047,280 39.21 Vancouver, British Columbia Downtown Vancouver 1 1,514,177 89.8 90.3 41,670,482 8,334,096 30.63 Subtotal 1 1,514,177 89.8 90.3 41,670,482 8,334,096 30.63 TOTAL IN-SERVICE OFFICE(1) 46 14,507,904 85.2 % 87.0 % $ 682,448,536 $ 556,882,238 $ 55.22

Page 17 of 31 Office Properties Occupancy Detail Submarket Square Feet % Occupied % Leased Los Angeles, California One Westside(1) West Los Angeles 590,403 100.0 % 100.0 % 11601 Wilshire West Los Angeles 499,905 91.2 96.5 Element LA West Los Angeles 284,037 100.0 100.0 3401 Exposition West Los Angeles 63,376 100.0 100.0 604 Arizona West Los Angeles 44,260 100.0 100.0 ICON Hollywood 326,792 100.0 100.0 EPIC Hollywood 301,127 100.0 100.0 Harlow Hollywood 129,931 100.0 100.0 6040 Sunset Hollywood 114,958 100.0 100.0 CUE Hollywood 94,386 100.0 100.0 Fourth & Traction Downtown Los Angeles 131,701 100.0 100.0 Maxwell Downtown Los Angeles 102,963 100.0 100.0 San Francisco Bay Area, California Concourse North San Jose 945,346 80.1 87.8 Gateway North San Jose 610,364 67.8 70.5 Metro Plaza North San Jose 446,098 52.9 58.7 Skyport Plaza North San Jose 418,667 5.4 6.1 1740 Technology North San Jose 215,857 100.0 100.0 1455 Market San Francisco 1,033,682 97.1 97.1 Rincon Center San Francisco 533,103 97.6 97.6 Ferry Building San Francisco 266,467 97.2 97.7 901 Market San Francisco 205,571 79.0 79.0 875 Howard San Francisco 191,201 100.0 100.0 625 Second San Francisco 138,354 64.2 64.2 275 Brannan San Francisco 57,120 100.0 100.0 Palo Alto Square Palo Alto 317,874 95.8 95.8 3400 Hillview Palo Alto 207,857 100.0 100.0 Foothill Research Center Palo Alto 195,121 93.6 93.6 Page Mill Hill Palo Alto 178,179 74.9 74.9 Clocktower Square Palo Alto 100,655 100.0 100.0 Page Mill Center Palo Alto 94,539 58.8 58.8 3176 Porter Palo Alto 46,759 100.0 100.0 Towers at Shore Center Redwood Shores 335,332 92.1 92.1 Shorebreeze Redwood Shores 230,932 85.0 86.1 555 Twin Dolphin Redwood Shores 200,986 68.5 69.9 333 Twin Dolphin Redwood Shores 183,123 87.4 87.4 Metro Center Foster City 725,366 75.3 88.0 Techmart Santa Clara 284,903 73.0 74.3 Seattle, Washington 1918 Eighth Denny Triangle 667,733 99.4 99.4 Hill7 Denny Triangle 285,310 99.6 99.6 5th & Bell Denny Triangle 197,136 100.0 100.0 Met Park North Denny Triangle 189,511 99.7 99.7 505 First Pioneer Square 287,907 36.0 36.0 83 King Pioneer Square 184,083 66.4 66.4 450 Alaskan Pioneer Square 171,026 99.5 99.5 411 First Pioneer Square 163,726 67.8 78.1 Vancouver, British Columbia Bentall Centre Downtown Vancouver 1,514,177 89.8 90.3 TOTAL IN-SERVICE OFFICE 14,507,904 85.2 % 87.0 % Note: Definitions for commonly used terms on pages 26-28. (1) Cash rents for Google, Inc. commenced May 1, 2023.

Page 18 of 31 Note: Definitions for commonly used terms on pages 26-28. (1) Google, Inc. expirations: (i) 182,672 square feet at Foothill Research Center in February 2025, (ii) 208,843 square feet at Rincon Center in February 2028 (early termination right for 166,460 square feet in April 2025), (iii) 207,857 square feet at 3400 Hillview in November 2028 (early termination right between February 2025-February 2027), (iv) 41,354 square feet at Ferry Building in October 2029 and (v) 590,403 square feet at One Westside in November 2036. (2) Amazon expirations: (i) 139,824 square feet at Met Park North in November 2023, (ii) 659,150 square feet at 1918 Eighth in September 2030 and (iii) 191,814 square feet at 5th & Bell in May 2031. (3) Netflix, Inc. expirations: (i) 326,792 square feet at ICON, (ii) 301,127 square feet at EPIC and (iii) 94,386 square feet at CUE. (4) Riot Games, Inc. has an early termination right at Element LA in February 2025. (5) Salesforce.com expirations: (i) 83,016 square feet in July 2025, (ii) 83,372 square feet in April 2027 and (iii) 99,006 square feet in October 2028. Salesforce.com subleased 259,416 square feet at Rincon Center to Twilio Inc. in 2018 and in 2020 began paying us 50% of cash rents received pursuant to the sublease, or an average of $340,000 per month with annual growth thereafter, in addition to contractual base rent. (6) Nutanix, Inc. expirations: (i) 117,001 square feet at Concourse in May 2024 and (ii) 215,857 square feet at 1740 Technology in May 2030. (7) Dell EMC Corporation expirations: (i) 42,954 square feet at 505 First in December 2023, (ii) 83,549 square feet at 875 Howard in June 2026 and (iii) 46,472 square feet at 505 First in January 2027 (early termination right in January 2025). (8) Company 3 Method, Inc. expirations: (i) 63,376 square feet at 3401 Exposition in September 2026, (ii) 59,646 square feet at Harlow in October 2032 (early termination right between November 2029-February 2030) and (iii) 70,285 square feet at Harlow in March 2033. (9) GitHub Inc. expirations: (i) 57,120 square feet at 275 Brannan and (ii) 35,330 square feet at 625 Second. (10) PayPal, Inc. has an early termination right at Fourth & Traction in July 2026. (11) Regus expirations: (i) 20,059 square feet at 11601 Wilshire in February 2024, (ii) 27,369 square feet at Techmart in April 2025, (iii) 9,739 square feet at Palo Alto Square in April 2026, (iv) 45,120 square feet at Gateway in September 2027 and (v) 21,296 square feet at 450 Alaskan in October 2030. HPP’s Share # of Properties Lease Expiration Occupied Square Feet Annualized Base Rent % of Annualized Base Rent 1 Google, Inc. 5 2025-2036 1,231,129 (1) $ 78,618,024 14.1% 2 Amazon 3 2023-2031 990,788 (2) 26,164,044 4.7 3 Netflix, Inc. 3 2031 722,305 (3) 25,415,448 4.6 4 Riot Games, Inc. 1 2030 284,037 (4) 18,951,920 3.4 5 Salesforce.com 1 2025-2028 265,394 (5) 14,800,343 2.7 6 Nutanix, Inc. 2 2024-2030 332,858 (6) 14,734,415 2.6 7 Block, Inc. 1 2023 469,056 13,708,676 2.5 8 Uber Technologies, Inc. 1 2025 325,445 10,202,040 1.8 9 Dell EMC Corporation 2 2023-2027 172,975 (7) 10,035,061 1.8 10 Company 3 Method, Inc. 2 2026-2033 193,307 (8) 7,243,821 1.3 11 GitHub, Inc. 2 2025 92,450 (9) 7,086,069 1.3 12 PayPal, Inc. 1 2030 131,701 (10) 5,994,016 1.1 13 Regus 5 2024-2030 123,583 (11) 5,987,103 1.1 14 Weil, Gotshal & Manges LLP 1 2026 76,278 5,920,195 1.1 15 Poshmark, Inc. 1 2024 75,876 5,636,341 1.0 TOTAL 5,487,182 $ 250,497,516 45.1% 15 Largest Office Tenants

Page 19 of 31 Note: Definitions for commonly used terms on pages 26-28. (1) We acquired Quixote in August 2022 and will reflect annualized base rent and occupancy after a full year of ownership. Includes 29 acre property with 38,020 square feet of office purchased in July 2022 to support production services operations. STUDIO PROPERITES Owned/ Leased Submarket # of Stages Square Feet Stage % Leased Total % Leased Annualized Base Rent HPP’s Share Annualized Base Rent Annualized Base Rent Per Square Foot Los Angeles, California Sunset Gower Studios Owned Hollywood 10 559,762 100.0 % 82.9 % $ 20,957,991 $ 10,688,575 $ 45.34 Sunset Bronson Studios Owned Hollywood 12 308,112 100.0 95.6 12,504,352 6,377,219 42.48 Sunset Las Palmas Studios Owned Hollywood 13 363,123 87.8 84.4 14,852,772 7,574,914 48.38 TOTAL IN-SERVICE STUDIO 35 1,230,997 95.7 % 86.5 % $ 48,315,115 $ 24,640,708 $ 45.42 Quixote Studios(1) Various Various 26 571,787 N/A N/A N//A N/A N/A Studio Properties & Services STUDIO NOI DETAIL ($ in thousands) Revenue Categories Quarter to Date Rental Lighting & Grip Production Supplies Transportation Other Services Total Studio Revenues Total Studio Expenses Total Studio NOI In-Service Studio $13,093 $3,045 N/A N/A $1,423 $17,561 $9,509 $8,052 Quixote Studios & Services 3,281 3,048 2,359 6,688 4,940 20,316 25,170 (4,854) TOTAL $16,374 $6,093 $2,359 $6,688 $6,363 $37,877 $34,679 $3,198

Page 20 of 31 Office Leasing Activity Dollars reflected are per square foot Three Months Ended 6/30/23 Six Months Ended 6/30/23 Gross Leasing Activity New cash rate $43.23 $46.45 Renewal cash rate $69.94 $60.46 New square feet leased 211,869 360,521 Renewal square feet leased 191,362 386,779 Total square feet leased 403,231 747,300 Leases expired and terminated Contractual expiration square feet 281,919 651,912 Early termination square feet 152,772 249,130 Total square feet expired/terminated 434,691 901,042 GAAP rent expiring rate $53.94 $51.61 GAAP rent new/renewal rate $51.91 $49.87 % change in GAAP rent (3.8) % (3.4) % Cash rent expiring rate $62.17 $59.00 Cash rent new/renewal rate $57.15 $54.95 % change in cash rent (8.1) % (6.9) % Tenant improvements & leasing commissions (total / annual) New leases $33.38 / $6.23 $53.67 / $9.85 Renewal leases $16.86 / $7.07 $16.35 / $7.76 Blended $25.89 / $6.46 $35.11 / $9.27 Net effective rent New leases $33.81 $34.18 Renewal leases $56.44 $50.70 Blended $44.08 $42.40 Weighted average lease term (in months) New leases 64.3 65.4 Renewal Leases 28.6 25.3 Blended 48.1 45.4 Note: Definitions for commonly used terms on pages 26-28.

Page 21 of 31 Expiring Office Leases Summary HPP’s Share # of Leases Expiring Square Feet Expiring (1) Annualized Base Rent % of Office Annualized Base Rent Annualized Base Rent Per Square Foot Annualized Base Rent at Expiration Annualized Base Rent Per Square Foot at Expiration Vacant 2,810,670 Q2-2023 7 27,926 2,233,440 0.4 83.97 2,233,440 83.97 Q3-2023 34 659,130 24,300,794 4.2 55.39 24,469,255 55.77 Q4-2023 50 417,045 18,098,936 3.2 47.35 18,040,202 47.20 2023 91 1,104,101 44,633,170 7.8 52.66 44,742,897 52.79 2024 194 1,832,613 87,063,470 15.3 56.63 90,184,484 58.66 2025 151 1,894,454 96,889,118 17.0 62.33 101,660,775 65.40 2026 90 725,516 40,344,828 7.1 61.04 43,834,392 66.32 2027 97 993,368 51,253,568 9.0 60.53 56,955,218 67.27 2028 60 1,143,546 66,628,473 11.7 70.43 75,041,661 79.33 2029 27 414,590 22,212,890 3.9 73.22 26,022,392 85.78 2030 22 1,565,992 59,461,723 10.4 49.43 74,555,631 61.98 2031 15 1,112,867 37,233,976 6.5 55.06 50,508,806 74.69 2032 9 243,697 8,368,809 1.5 58.32 10,764,158 75.01 Thereafter 20 1,105,506 42,315,690 7.4 56.61 61,674,109 82.50 Building management use 40 206,161 — — — — — Signed leases not commenced 36 270,313 13,536,172 2.4 51.29 16,571,876 62.80 TOTAL/WEIGHTED AVERAGE 852 15,423,394 $ 569,941,887 100.0 % $ 57.50 $ 652,516,399 $ 65.83 Note: Definitions for commonly used terms on pages 26-28. (1) Total expiring square footage does not include month-to-month leases.

Page 22 of 31 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters Q3 2023 Q4 2023 Q1 2024 Q2 2024 Square Feet Rent Per Square Foot Square Feet Rent Per Square Foot Square Feet Rent Per Square Foot Square Feet Rent Per Square Foot Uncommenced Office Leases Los Angeles, California 6,258 $ — (1) — $ — — $ — — $ — San Francisco Bay Area, California 95,093 50.52 88,083 72.89 36,409 46.29 — — Seattle, Washington 12,305 35.00 4,491 39.00 — — — — Vancouver, British Columbia 7,334 14.22 — — — — — — TOTAL 120,990 $ 44.13 92,574 $ 71.25 36,409 $ 46.29 — $ — Backfilled Office Leases Los Angeles, California — $ — 14,587 $ 64.35 — $ — — $ — San Francisco Bay Area, California 10,802 78.00 8,735 72.00 4,043 47.40 — — Seattle, Washington — — — — 5,251 39.00 — — Vancouver, British Columbia — — 9,430 30.96 67,197 38.89 — — TOTAL 10,802 $ 78.00 32,752 $ 56.78 76,491 $ 39.35 — $ — Expiring Office Leases Los Angeles, California 38,654 $ 51.55 6,883 $ 56.94 29,200 $ 52.56 65,030 $ 54.77 San Francisco Bay Area, California 617,143 54.70 (2) 168,245 64.64 256,487 62.57 408,013 53.28 (3) Seattle, Washington — — 199,393 33.03 (4) 13,188 37.37 58 51.72 Vancouver, British Columbia 9,875 32.96 42,524 32.38 91,656 32.10 (5) 108,049 20.84 (6) TOTAL 665,672 $ 54.20 417,045 $ 46.11 390,531 $ 53.82 581,150 $ 47.42 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Square Feet Rent Per Square Foot Square Feet Rent Per Square Foot Square Feet Rent Per Square Foot Square Feet Rent Per Square Foot Uncommenced Office Leases Los Angeles, California 20,340 $ — (1) — $ — — $ — — $ — San Francisco Bay Area, California — — — — — — — — Seattle, Washington — — — — — — — — Vancouver, British Columbia — — — — — — — — TOTAL 20,340 $ — — $ — — $ — — $ — Backfilled Office Leases Los Angeles, California 23,377 $ 63.39 — $ — — $ — — $ — San Francisco Bay Area, California 45,733 77.91 — — — — — — Seattle, Washington — — — — — — — — Vancouver, British Columbia 7,314 41.77 — — — — — — TOTAL 76,424 $ 70.01 — $ — — $ — — $ — Expiring Office Leases Los Angeles, California 40,421 $ 51.62 22,232 $ 66.12 — $ — 47,479 $ 80.56 San Francisco Bay Area, California 276,446 67.43 (7) 310,442 68.09 (8) 636,665 67.05 (9) 406,396 61.64 (10) Seattle, Washington 12,424 43.62 79,363 48.95 (11) 6,372 49.75 175,646 46.57 (12) Vancouver, British Columbia 29,935 34.57 89,669 34.62 61,770 36.58 531 46.07 TOTAL 359,226 $ 62.09 501,706 $ 58.99 704,807 $ 64.22 630,052 $ 58.85

Page 23 of 31 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters (continued) Note: Definitions for commonly used terms on pages 26-28. (1) Total uncommenced square footage consists of space to be occupied by the Company’s management office. (2) Includes Block, Inc. expiration at 1455 Market for 469,056 square feet in September 2023. (3) Includes Nutanix, Inc. expiration at Concourse for 117,001 square feet and Poshmark, Inc. expiration at Towers at Shore Center for 75,876 square feet both in May 2024. (4) Includes Amazon expiration at Met Park North for 139,824 square feet in November 2023. (5) Includes Blake Services, Inc. at Bentall Centre for 63,292 square feet in January 2024. (6) Includes Bank of Montreal at Bentall Centre for 91,038 square feet in April 2024. (7) Includes Door Dash, Inc. at 901 Market for 50,821 square feet in August 2024. (8) Includes Bank of America at 1455 Market for 68,991 square feet in December 2024. (9) Includes Uber Technologies, Inc. at 1455 Market for 325,445 square feet and Google, Inc. at Foothill Research Center for 182,672 square feet both in February 2025. (10) Includes TDK Corporation of America/Invensense at Concourse for 139,336 square feet in April 2025 and Github, Inc. at 275 Brannan for 57,120 square feet in June 2025. (11) Includes RealSelf, Inc. at 83 King for 74,700 square feet in December 2024. (12) Includes HBO Code Labs, Inc. at Hill7 for 112,222 square feet in May 2025.

Page 24 of 31 Under Construction & Future Development Pipeline(1) Unaudited, in thousands, except square feet Note: Definitions for commonly used terms on pages 26-28. (1) Represents 100% share of consolidated and unconsolidated joint ventures. See page 25 for HPP’s share of joint venture properties. (2) Based on issuance of building permit or equivalent. (3) Based on receipt of temporary certificate of occupancy or equivalent. (4) Includes land and acquisition costs for Sunset Glenoaks Studios for $28.8 million and Washington 1000 for $85.6 million. (5) Includes land and acquisition costs for Sunset Las Palmas Studios—Development for $20.8 million, Cloud10 for $10.5 million and Sunset Waltham Cross Studios for $164.9 million. (6) Pending entitlement to develop approximately 500 residential units. UNDER CONSTRUCTION Submarket Start Date(2) Estimated Completion Date(3) Estimated Stabilization Date Estimated Square Feet % Leased Project Costs as of 6/30/23(4) Total Estimated Project Costs(4) Estimated Stabilized Yield Los Angeles, California Sunset Glenoaks Studios Los Angeles Q4-2021 Q4-2023 Q2-2024 241,000 —% $ 147,874 $190,000- $200,000 7.5%-8.0% Seattle, Washington Washington 1000 Denny Triangle Q2-2022 Q1-2024 Q1-2026 546,000 —% $ 189,916 $340,000- $360,000 7.5%-8.0% TOTAL 787,000 $ 337,790 FUTURE DEVELOPMENT PIPELINE Type Submarket Estimated Square Feet Project Costs as of 6/30/23(5) Los Angeles, California Sunset Las Palmas Studios—Development Studio Hollywood 617,581 $ 27,254 Sunset Gower Studios—Development Office/Studio Hollywood 478,845 $ 7,857 Sunset Bronson Studios Lot D—Development Residential Hollywood 33 units/19,816 $ — Element LA—Development Office West Los Angeles 500,000 $ — 10900-10950 Washington(6) Residential West Los Angeles N/A $ — San Francisco Bay Area, California Cloud10 Office North San Jose 350,000 $ 12,896 Vancouver, British Columbia Burrard Exchange Office Downtown Vancouver 450,000 $ 7,424 Greater London, United Kingdom Sunset Waltham Cross Studios Studio Broxbourne 1,167,347 $ 256,933 TOTAL 3,583,589 $ 312,364

Page 25 of 31 Consolidated & Unconsolidated Ventures Venture Partner Submarket Square Feet(1) HPP Ownership % CONSOLIDATED VENTURES Los Angeles, California(2) Sunset Gower Studios Blackstone Hollywood 1,045,257 51.0 % Sunset Las Palmas Studios Blackstone Hollywood 999,298 51.0 % Sunset Bronson Studios Blackstone Hollywood 327,928 51.0 % ICON Blackstone Hollywood 326,792 51.0 % EPIC Blackstone Hollywood 301,127 51.0 % Harlow Blackstone Hollywood 129,931 51.0 % 6040 Sunset Blackstone Hollywood 114,958 51.0 % CUE Blackstone Hollywood 94,386 51.0 % One Westside Macerich West Los Angeles 590,403 75.0 % Westside Two Macerich West Los Angeles 96,322 75.0 % San Francisco, California 1455 Market CPPIB San Francisco 1,033,682 55.0 % Ferry Building Allianz San Francisco 266,467 55.0 % Greater Seattle, Washington 1918 Eighth CPPIB Denny Triangle 667,733 55.0 % Hill7 CPPIB Denny Triangle 285,310 55.0 % UNCONSOLIDATED VENTURES Los Angeles, California Sunset Glenoaks Studios Blackstone Los Angeles 241,000 50.0 % Vancouver, Britis Columbia Bentall Centre(3) Blackstone Downtown Vancouver 1,964,177 20.0 % Greater London, United Kingdom Sunset Waltham Cross Studios(3) Blackstone Broxbourne 1,167,347 35.0 % (1) Inclusive of estimated developable square feet. (2) Los Angeles properties owned jointly with Blackstone collectively referred to as the Hollywood Media Portfolio. (3) Dollar amounts in this document shown in USD using the applicable foreign currency exchange rates as of June 30, 2023.

Page 26 of 31 Definitions Adjusted EBITDAre: Adjusted EBITDAre represents net income (loss) before interest, income taxes, depreciation and amortization, and before our share of interest and depreciation from unconsolidated real estate entities and further adjusted to eliminate the impact of certain non-cash items and items that we do not consider indicative of our ongoing performance. We believe that Adjusted EBITDAre is useful because it allows investors and management to evaluate and compare our performance from period to period in a meaningful and consistent manner, in addition to standard financial measurements under GAAP. Adjusted EBITDAre is not a measurement of financial performance under GAAP and should not be considered as an alternative to income attributable to common shareholders, as an indicator of operating performance or any measure of performance derived in accordance with GAAP. Our calculation of Adjusted EBITDAre may be different from the calculation used by other companies and, accordingly, comparability may be limited. Adjusted Funds from Operations (“AFFO”): Non-GAAP financial measure we believe is a useful supplemental measure of our performance. We compute AFFO by adding to FFO (excluding specified items) HPP’s share of non-cash compensation expense and amortization of deferred financing costs, and subtracting recurring capital expenditures related to HPP’s share of tenant improvements and leasing commissions (excluding pre-existing obligations on contributed or acquired properties funded with amounts received in settlement of prorations), and eliminating the net effect of HPP’s share of straight-line rents, amortization of lease buy-out costs, amortization of above-and below-market lease intangible assets and liabilities, amortization of above-and below-market ground lease intangible assets and liabilities and amortization of loan discounts/premiums. AFFO is not intended to represent cash flow for the period. We believe that AFFO provides useful information to the investment community about our financial position as compared to other REITs since AFFO is a widely reported measure used by other REITs. However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not be comparable to other REITs. Annualized Base Rent (“ABR”): For office properties, calculated by multiplying (i) cash base rents under commenced leases excluding tenant reimbursements as of June 30, 2023 by (ii) 12. On a per square foot basis, ABR is divided by square footage under commenced leases as of June 30, 2023. For all expiration years, ABR is calculated as (i) cash base rents at expiration under commenced leases divided by (ii) square footage under commenced leases as of June 30, 2023. The methodology is the same when calculating ABR per square foot either in place or at expiration for uncommenced leases. Rent data is presented without regard to cancellation options. Where applicable, rental rates converted to USD using the foreign currency exchange rate as of June 30, 2023. For studio properties, ABR reflects actual base rent for the 12 months ended June 30, 2023, excluding tenant reimbursements. ABR per leased square foot calculated as (i) annual base rent divided by (ii) square footage under lease as of June 30, 2023. Average Percent Occupied: For same-store office properties, represents the average percent occupied during the three months ended June 30, 2023. For same-store studio properties, represents the average percent leased for the 12 months ended June 30, 2023 Backfilled Office Leases: Defined as new leases with respect to occupied space executed on or prior to June 30, 2023, but with commencement dates after June 30, 2023, and within the next eight quarters. Cash Rent Growth: Initial stabilized cash rents on new and renewal leases compared to expiring cash rents in the same space. New leases are only included if the same space was leased within the previous 12 months. Excludes tenants paying percentage rent in lieu of base rent. Consolidated Debt: Consolidated unsecured and secured debt. Consolidated Debt, Net: Similar to consolidated debt, less consolidated cash and cash equivalents. Consolidated Unsecured and Secured Debt: Excludes joint venture partner debt, unamortized deferred financing costs and unamortized loan discounts/premiums related to our registered senior debt. Includes full amount of debt related to the Hill7, Hollywood Media Portfolio and 1918 Eighth joint ventures. Dilutive Shares: Represents an estimate of the total shares and units issuable under our 2021, 2022 and 2023 Performance Stock Unit (“PSU”) Plans as of quarter end, based on the projected award potential of such programs as of the end of such periods, calculated in accordance with Accounting Standards Codification (“ASC”) 260, Earnings Per Share. Effective Interest Rate: Interest rate with respect to indebtedness calculated based on a 360-day year for actual days elapsed. Debt with a variable interest rate component reflects LIBOR, SOFR, or CDOR as of June 30, 2023, except to the extent that such debt is subject to a rate which has been fixed pursuant to a swap is above the capped rate, in which case the rate is calculated based on the swapped or capped rate, as applicable. Page 13 details our interest rate hedging instruments. We have an option to make an irrevocable election to change the interest rate depending on our credit rating or a specified base rate plus an applicable margin. As of June 30, 2023, no such election had been made.

Page 27 of 31 Definitions (continued) Estimated Stabilized Yield: Calculated as the quotient of estimated NOI and our investment in a property once project stabilizes and initial rental concessions, if any, have elapsed, excluding the impact of leverage. Cash rents related to development and redevelopment projects are expected to increase over time and average cash yields are expected to be greater than estimated initial stabilized yields. Our estimates for cash yields and total costs at completion represent our current estimates, which may be updated upon project completion or sooner, if there are significant changes to expected yields or costs. We caution against placing undue reliance on the estimated stabilized yields which are based solely on our estimates, using data available to us during the development process. The amount of total investment required to reach stabilized occupancy may differ substantially from our estimates due to various factors. We can provide no assurance that the actual stabilized yields will be consistent with the estimated stabilized yields set forth herein. Estimated Project Costs: Estimated project costs exclude interest costs capitalized in accordance with ASC 835-20-50-1, personnel costs capitalized in accordance with ASC 970-360-25 and operating expenses capitalized in accordance with ASC 970-340. Estimated Square Feet: Represents management’s estimate of leasable square footage, which may be less or more than the Building Owners and Managers Association (BOMA) rentable area. Square footage may change over time due to re-measurement or re-leasing. For land properties, square footage represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals not yet obtained. Estimated Stabilization Date: Based on management’s estimate of stabilized occupancy (92.0%). Occupancy for stabilization purposes defined as the commencement of cash rental payments. Funds from Operations (“FFO”): We calculate FFO in accordance with the White Paper on FFO approved by the Board of Governors of the National Association of Real Estate Investment Trusts. The White Paper defines FFO as net income or loss calculated in accordance with GAAP, excluding gains and losses from sales of depreciable real estate and impairment write-downs associated with depreciable real estate, plus the HPP’s share of real estate-related depreciation and amortization, excluding amortization of deferred financing costs and depreciation of non-real estate assets. The calculation of FFO includes the HPP’s share of amortization of deferred revenue related to tenant-funded tenant improvements and excludes the depreciation of the related tenant improvement assets. FFO is a non-GAAP financial measure we believe is a useful supplemental measure of our operating performance. The exclusion from FFO of gains and losses from the sale of operating real estate assets allows investors and analysts to readily identify the operating results of the assets that form the core of our activity and assists in comparing those operating results between periods. Also, because FFO is generally recognized as the industry standard for reporting the operations of REITs, it facilitates comparisons of operating performance to other REITs. However, other REITs may use different methodologies to calculate FFO, and accordingly, our FFO may not be comparable to all other REITs. Implicit in historical cost accounting for real estate assets in accordance with GAAP is the assumption that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered presentations of operating results for real estate companies using historical cost accounting alone to be insufficient. Because FFO excludes depreciation and amortization of real estate assets, we believe that FFO along with the required GAAP presentations provides a more complete measurement of our performance relative to our competitors and a more appropriate basis on which to make decisions involving operating, financing and investing activities than the required GAAP presentations alone would provide. We use FFO per share to calculate annual cash bonuses for certain employees. However, FFO should not be viewed as an alternative measure of our operating performance because it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties, which are significant economic costs and could materially impact our results from operations. GAAP Effective Rate: Similar to effective interest rate except it includes the amortization of deferred financing costs and loan discounts/ premiums. HPP’s Share: Non-GAAP financial measures calculated as the measure on a consolidated basis, in accordance with GAAP, plus our Operating Partnership’s share of the measure from our unconsolidated joint ventures (calculated based upon the Operating Partnership’s percentage ownership interest), minus our partners’ share of the measure from our consolidated joint ventures (calculated based upon the partners’ percentage ownership interests). We believe that presenting HPP’s share of these measures provides useful information to investors regarding the Company’s financial condition and/or results of operations because we have several significant joint ventures, and in some cases, we exercise significant influence over, but do not control, the joint venture. In such instances, GAAP requires us to account for the joint venture entity using the equity method of accounting, which we do not consolidate for financial reporting purposes. In other cases, GAAP requires us to consolidate the venture even though our partner(s) own(s) a significant percentage interest. HPP’s Share of Debt: Similar to consolidated debt except it includes HPP’s share of unconsolidated joint venture debt and excludes partners’ share of consolidated joint venture partner debt. HPP’s Share of Market Capitalization: Similar to consolidated market capitalization except it includes HPP’s share of unconsolidated joint venture debt and excludes partners’ share of consolidated joint venture debt.

Page 28 of 31 In-Service Properties: Owned properties, excluding repositioning, redevelopment, development and held for sale properties. Net Effective Rent: Weighted average initial annual cash rent, net of annualized concessions (i.e. free rent), tenant improvements and lease commissions. Net Operating Income (“NOI”): We evaluate performance based upon property NOI from continuing operations. NOI is not a measure of operating results or cash flows from operating activities or cash flows as measured by GAAP and should not be considered an alternative to income from continuing operations, as an indication of our performance, or as an alternative to cash flows as a measure of liquidity, or our ability to make distributions. All companies may not calculate NOI in the same manner. We consider NOI to be a useful performance measure to investors and management because when compared across periods, NOI reflects the revenues and expenses directly associated with owning and operating our properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. We calculate NOI as net income (loss) excluding corporate general and administrative expenses, depreciation and amortization, impairments, gains/losses on sales of real estate, interest expense, transaction-related expenses and other non-operating items. We define NOI as operating revenues (rental revenues, other property-related revenue, tenant recoveries and other operating revenues), less property-level operating expenses (external management fees, if any, and property-level general and administrative expenses). NOI on a cash basis is NOI adjusted to exclude the effect of straight- line rent and other non-cash adjustments required by GAAP. We believe that NOI on a cash basis is helpful to investors as an additional measure of operating performance because it eliminates straight-line rent and other non-cash adjustments to revenue and expenses. Operating Partnership: The Company conducts all of its operations through the Operating Partnership, Hudson Pacific Properties, L.P., and serves as its sole general partner. As of June 30, 2023, the Company owned 97.2% of the ownership interest in the Operating Partnership, including unvested restricted units. Outstanding Balance: Outstanding debt balances including partners’ share of consolidated entities and excludes unamortized deferred financing costs and loan discounts/premiums. Percent Occupied/Leased: For office properties, calculated as (i) square footage under commenced leases as of June 30, 2023, divided by (ii) total square feet, expressed as a percentage, whereas percent leased includes uncommenced leases. For studio properties, percent occupied reflects the average percent occupied for the 12 months ended June 30, 2023. Project Costs: Exclude interest costs capitalized in accordance with Accounting Standards Codification (“ASC”) 835-20-50-1, personnel costs capitalized in accordance with ASC 970-360-25 and operating expenses capitalized in accordance with ASC 970-340. Same-Store Office: Same-store office for the three months ended June 30, 2023 defined as all properties owned and included in our stabilized office portfolio as of April 1, 2022 and still owned and included in the stabilized office portfolio as of June 30, 2023. Same-store office for the six months ended June 30, 2023 defined as all properties owned and included in our stabilized office portfolio as of January 1, 2022 and still owned and included in the stabilized office portfolio as of June 30, 2023. Same-Store Studio: Same-store studio for the three months ended June 30, 2023 defined as all properties owned and included in our stabilized studio portfolio as of April 1, 2022 and still owned and included in the stabilized studio portfolio as of June 30, 2023. Same-store studio for the six months ended June 30, 2023 defined as all properties owned and included in our stabilized studio portfolio as of January 1, 2022 and still owned and included in the stabilized studio portfolio as of June 30, 2023. Straight-Line Rent Growth: Represents a comparison between initial straight-line rents on new and renewal leases as compared to the straight-line rents on expiring leases in the same space. New leases are only included if the same space was leased within the previous 12 months. Excludes tenants paying percentage rent in lieu of base rent. Uncommenced Office Leases: Defined as new leases with respect to vacant space executed on or prior to June 30, 2023, but with commencement dates after June 30, 2023 and within the next eight quarters. Definitions (continued)

Page 29 of 31 Non-GAAP Reconciliations Unaudited, in thousands RECONCILIATION OF NET (LOSS) INCOME TO NOI Three Months Ended Six Months Ended 6/30/23 6/30/22 6/30/23 6/30/22 Net (loss) income $ (31,474) $ 3,546 $ (46,293) $ (4,069) Adjustments: Loss (income) from unconsolidated real estate entities 715 (1,780) 1,460 (2,083) Fee income (2,284) (1,140) (4,686) (2,211) Interest expense 54,648 33,719 108,455 64,555 Interest income (236) (920) (607) (1,830) Management services reimbursement income—unconsolidated real estate entities (1,059) (1,068) (2,123) (2,176) Management services expense—unconsolidated real estate entities 1,059 1,068 2,123 2,176 Transaction-related expenses (2,530) 1,126 (1,344) 1,382 Unrealized loss on non-real estate investments 843 1,818 4 168 Gain on sale of real estate — — (7,046) — Impairment loss — 3,250 — 23,753 Gain on extinguishment of debt (10,000) — (10,000) — Other (income) expense (138) 21 (135) 9 Income tax provision (benefit) 6,302 (763) 1,140 (1,603) General and administrative 18,941 21,871 37,665 42,383 Depreciation and amortization 98,935 91,438 196,074 183,631 NOI $ 133,722 $ 152,186 $ 274,687 $ 304,085 Add: HPP’s share of NOI from unconsolidated real estate entities 2,788 4,490 5,541 7,451 Less: NOI attributable to non-controlling interests 25,756 23,748 51,757 47,138 HPP’s Share of NOI $ 110,754 $ 132,928 $ 228,471 $ 264,398 NOI Detail Same-store office cash revenues $ 189,190 $ 181,225 $ 371,728 $ 353,370 Straight-line rent 3,049 12,640 13,198 27,951 Amortization of above/below-market leases, net 1,589 1,891 3,180 4,572 Amortization of lease incentive costs (262) (398) (543) (798) Same-store office revenues 193,566 195,358 387,563 385,095 Same-store studios cash revenues 17,153 20,025 39,058 39,833 Straight-line rent 417 646 911 1,236 Amortization of lease incentive costs (9) (9) (19) (19) Same-store studio revenues 17,561 20,662 39,950 41,050 Same-store revenues 211,127 216,020 427,513 426,145 Same-store office cash expenses 69,322 67,196 136,292 130,461 Straight-line rent 399 402 813 807 Non-cash compensation expense 35 25 70 49 Amortization of above/below-market ground leases, net 676 675 1,352 1,344 Same-store office expenses 70,432 68,298 138,527 132,661 Same-store studio cash expenses 9,396 12,152 21,316 23,683 Non-cash compensation expense 113 69 224 138 Same-store studio expenses 9,509 12,221 21,540 23,821 Same-store expenses 79,941 80,519 160,067 156,482 Same-store NOI 131,186 135,501 267,446 269,663 Non-same-store NOI 2,536 16,685 7,241 34,422 NOI $ 133,722 $ 152,186 $ 274,687 $ 304,085

Page 30 of 31 Non-GAAP Reconciliations (continued) Unaudited, in thousands RECONCILIATIONS OF NET LOSS (INCOME) TO ADJUSTED EBITDARE (ANNUALIZED) AND TOTAL UNSECURED AND SECURED DEBT TO CONSOLIDATED DEBT, NET AND HPP’S SHARE OF DEBT, NET Three Months Ended 6/30/23 6/30/22 Net (loss) income $ (31,474) $ 3,546 Interest income—consolidated (236) (920) Interest expense—consolidated 54,648 33,719 Depreciation and amortization—consolidated 98,935 91,438 EBITDA 121,873 127,783 Unconsolidated real estate entities depreciation and amortization 1,195 1,320 Unconsolidated real estate entities interest expense 1,746 858 EBITDAre 124,814 129,961 Impairment loss — 3,250 Unrealized loss on non-real estate investments 843 1,818 Other (income) expense (138) 21 Transaction-related expenses (2,530) 1,126 Non-cash compensation expense 6,291 5,993 Straight-line rent receivables, net (2,159) (12,300) Non-cash amortization of above/below-market leases, net (1,619) (1,953) Non-cash amortization of above/below-market ground leases, net 689 687 Amortization of lease incentive costs 292 431 Gain on extinguishment of debt (10,000) — Income tax provision (benefit) 6,302 (763) Adjusted EBITDAre 122,785 128,271 Prior period net property tax adjustment (1,964) 682 Adjusted EBITDAre (excluding specified items) 120,821 128,953 Studio cash NOI(1) (3,752) (8,323) Office adjusted EBITDAre 117,069 120,630 x Annualization factor 4 4 Annualized office adjusted EBITDAre(2) 468,276 482,520 Trailing 12-month studio cash NOI(1) 53,251 32,312 Cash adjusted EBTIDAre for selected ratios 521,527 514,832 Less: Partners’ share of cash adjusted EBITDAre (95,489) (77,485) HPP’s share of cash adjusted EBITDAre $ 426,038 $ 437,347 Total consolidated unsecured and secured debt 4,491,118 4,154,200 Less: Consolidated cash and cash equivalents (109,220) (266,538) Consolidated debt, net $ 4,381,898 $ 3,887,662 Less: Partners’ share of debt, net (657,832) (632,558) HPP’s share of debt, net $ 3,724,066 $ 3,255,104 Consolidated debt, net/cash adjusted EBITDAre for selected ratios 8.4x 7.6x HPP’s share of debt, net/HPP’s share of cash adjusted EBITDAre for selected ratios 8.7x 7.4x (1) Studio cash NOI and trailing 12-month studio cash NOI for the calculation of cash adjusted EBITDAre for the three months ended June 30, 2023 includes the studio cash NOI contribution from In-Service Studio and Quixote Studios & Services. (2) Annualized office adjusted EBITDAre excludes the full cash rent from Google, Inc.’s One Westside lease, which commenced in May 2023. Including the cash rents’ annualized impact, consolidated debt, net to cash adjusted EBITDAre is 8.2x and HPP’s share of debt, net to HPP’s share of cash adjusted EBITDAre is 8.6x.

Page 31 of 31 Non-GAAP Reconciliations (continued) Unaudited, in thousands RECONCILIATIONS OF TOTAL ASSETS TO HPP’S SHARE OF UNDEPRECIATED BOOK VALUE AND TOTAL UNSECURED AND SECURED DEBT TO HPP’S SHARE OF DEBT, NET 6/30/23 6/30/22 Total assets $ 9,105,829 $ 9,050,638 Add: Accumulated depreciation 1,722,941 1,486,457 Add: Accumulated amortization 196,173 161,278 Less: Partners’ share of consolidated undepreciated book value (1,548,592) (1,559,781) Less: Investment in unconsolidated real estate entities (218,422) (161,845) Add: HPP’s share of unconsolidated undepreciated book value 367,944 288,325 HPP’s share of undepreciated book value $ 9,625,873 $ 9,265,072 Total consolidated unsecured and secured debt $ 4,491,118 $ 4,154,200 Less: Consolidated cash and cash equivalents (109,220) (266,538) Consolidated debt, net $ 4,381,898 $ 3,887,662 Less: Partners’ share of debt, net (657,832) (632,558) HPP’s share of debt, net $ 3,724,066 $ 3,255,104 HPP’s share of debt, net/HPP’s share of undepreciated book value 38.7 % 35.1 %