XML 67 R53.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
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) income (“AOCI”):
|  | Derivative Instruments |  | Currency Translation Adjustments |  | Total Accumulated Other Comprehensive (Loss) Income
BALANCE AT DECEMBER 31, 2023 |  | $ | 3,656 |  |  | $ | (3,843) |  |  | $ | (187) |
Unrealized gains (losses) recognized in AOCI |  | 11,518 |  |  | (3,219) |  |  | 8,299 |
Reclassification from AOCI into income(1) |  | (5,288) |  |  | — |  |  | (5,288) |
Net change in AOCI |  | 6,230 |  |  | (3,219) |  |  | 3,011 |
BALANCE AT JUNE 30, 2024 |  | $ | 9,886 |  |  | $ | (7,062) |  |  | $ | 2,824 |
__________________ 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, 2023 |  | $ | 3,813 |  |  | $ | (3,875) |  |  | $ | (62) |
Unrealized gains (losses) recognized in AOCI |  | 12,086 |  |  | (3,380) |  |  | 8,706 |
Reclassification from AOCI into income(1) |  | (5,553) |  |  | — |  |  | (5,553) |
Net change in AOCI |  | 6,533 |  |  | (3,380) |  |  | 3,153 |
BALANCE AT JUNE 30, 2024 |  | $ | 10,346 |  |  | $ | (7,255) |  |  | $ | 3,091 |
__________________ 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, 2024 |  | December 31, 2023
Company-owned common units in the operating partnership | 141,232,361 |  |  | 141,034,806 |
Company’s ownership interest percentage | 97.5 | % |  | 98.0 | %
Non-controlling common units in the operating partnership(1) | 3,677,827 |  |  | 2,810,433 |
Non-controlling ownership interest percentage | 2.5 | % |  | 2.0 | %
_________________ 1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of June 30, 2024, this amount represents both common units and performance units of 550,969 and 3,126,858, res pectively. As of December 31, 2023, this amount represents both common units and performance units in the amount of 550,969 and 2,259,464, 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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Common stock | $ | 0.05 |  |  | $ | 0.125 |  |  | $ | 0.10 |  |  | $ | 0.375 |
Common units | $ | 0.05 |  |  | $ | 0.125 |  |  | $ | 0.10 |  |  | $ | 0.375 |
Series A preferred units | $ | 0.3906 |  |  | $ | 0.3906 |  |  | $ | 0.7812 |  |  | $ | 0.7812 |
Series C preferred stock | $ | 0.296875 |  |  | $ | 0.296875 |  |  | $ | 0.593750 |  |  | $ | 0.5937500 |
Performance units | $ | 0.05 |  |  | $ | 0.125 |  |  | $ | 0.10 |  |  | $ | 0.375 |
Payment date | June 27, 2024 |  | June 30, 2023 |  | N/A |  | N/A
Record date | June 17, 2024 |  | June 20, 2023 |  | N/A |  | N/A

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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + 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 -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
Name: | us-gaap_ScheduleOfOtherOwnershipInterestsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration