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CONSOLIDATED BALANCE SHEETS L.P. - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Investment in real estate, at cost $ 8,394,504 $ 8,212,896
Accumulated depreciation and amortization (1,776,693) (1,728,437)
Investment in real estate, net 6,617,811 6,484,459
Non-real estate property, plant and equipment, net 120,761 118,783
Cash and cash equivalents 78,458 100,391
Restricted cash 21,482 18,765
Accounts receivable, net 18,251 24,609
Straight-line rent receivables, net 217,543 220,787
Deferred leasing costs and intangible assets, net 329,310 326,950
Operating lease right-of-use assets 363,843 376,306
Prepaid expenses and other assets, net 109,049 94,145
Investment in unconsolidated real estate entities 212,130 252,711
Goodwill 264,144 264,144
TOTAL ASSETS 8,352,782 8,282,050
Liabilities    
Accounts payable, accrued liabilities and other 228,036 203,736
Operating lease liabilities 378,785 389,210
Intangible liabilities, net 24,997 27,751
Security deposits, prepaid rent and other 83,940 88,734
Total liabilities 4,896,019 4,720,881
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership 9,815 9,815
Redeemable non-controlling interest in consolidated real estate entities 51,140 57,182
Hudson Pacific Properties, L.P. partners’ capital    
Accumulated other comprehensive income (loss) 2,824 (187)
TOTAL LIABILITIES AND EQUITY 8,352,782 8,282,050
Unsecured and secured debt, net    
Liabilities    
Debt, net 4,114,125 3,945,314
Joint venture partner debt    
Liabilities    
Debt, net 66,136 66,136
Hudson Pacific Partners L.P.    
ASSETS    
Investment in real estate, at cost 8,394,504 8,212,896
Accumulated depreciation and amortization (1,776,693) (1,728,437)
Investment in real estate, net 6,617,811 6,484,459
Non-real estate property, plant and equipment, net 120,761 118,783
Cash and cash equivalents 78,458 100,391
Restricted cash 21,482 18,765
Accounts receivable, net 18,251 24,609
Straight-line rent receivables, net 217,543 220,787
Deferred leasing costs and intangible assets, net 329,310 326,950
Operating lease right-of-use assets 363,843 376,306
Prepaid expenses and other assets, net 109,049 94,145
Investment in unconsolidated real estate entities 212,130 252,711
Goodwill 264,144 264,144
TOTAL ASSETS 8,352,782 8,282,050
Liabilities    
Accounts payable, accrued liabilities and other 228,036 203,736
Operating lease liabilities 378,785 389,210
Intangible liabilities, net 24,997 27,751
Security deposits, prepaid rent and other 83,940 88,734
Total liabilities 4,896,019 4,720,881
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership 9,815 9,815
Redeemable non-controlling interest in consolidated real estate entities 51,140 57,182
Hudson Pacific Properties, L.P. partners’ capital    
Common units, 144,910,188 and 143,845,239 outstanding at June 30, 2024 and December 31, 2023, respectively 2,791,371 2,733,795
Accumulated other comprehensive income (loss) 3,091 (62)
Total Hudson Pacific Properties, L.P. partners’ capital 3,219,462 3,158,733
Non-controlling interest—members in consolidated real estate entities 176,346 335,439
Total capital 3,395,808 3,494,172
TOTAL LIABILITIES AND EQUITY 8,352,782 8,282,050
Hudson Pacific Partners L.P. | Unsecured and secured debt, net    
Liabilities    
Debt, net 4,114,125 3,945,314
Hudson Pacific Partners L.P. | Joint venture partner debt    
Liabilities    
Debt, net 66,136 66,136
Hudson Pacific Partners L.P. | 4.750% Series C Cumulative Redeemable Preferred Stock    
Hudson Pacific Properties, L.P. partners’ capital    
4.750% Series C cumulative redeemable preferred units, $25.00 per unit liquidation preference, 17,000,000 units outstanding at June 30, 2024 and December 31, 2023 $ 425,000 $ 425,000