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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, respectively. 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

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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

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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

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