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Equity (Tables)
9 Months Ended
Sep. 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 (“AOCI”):
Derivative Instruments
Currency Translation Adjustments
Total Accumulated Other Comprehensive Loss
BALANCE AT DECEMBER 31, 2023
$3,656 $(3,843)$(187)
Unrealized gains recognized in AOCI2,112 3,826 5,938 
Reclassification from AOCI into income(1)
(8,095)— (8,095)
Net change in AOCI(5,983)3,826 (2,157)
BALANCE AT SEPTEMBER 30, 2024
$(2,327)$(17)$(2,344)
__________________ 
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
BALANCE AT DECEMBER 31, 2023
$3,813 $(3,875)$(62)
Unrealized gains recognized in AOCI2,209 4,017 6,226 
Reclassification from AOCI into income(1)
(8,500)— (8,500)
Net change in AOCI(6,291)4,017 (2,274)
BALANCE AT SEPTEMBER 30, 2024
$(2,478)$142 $(2,336)
__________________ 
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:
September 30, 2024December 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 September 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 September 30,Nine Months Ended September 30,
2024202320242023
Common stock(1)
$— $— $0.10 $0.375 
Common units and vested performance units(1)
$— $— $0.10 $0.375 
Series A preferred units$0.3906 $0.3906 $1.1718 $1.1718 
Series C preferred stock$0.296875 $0.296875 $0.890625 $0.890625 
Unvested performance units(1)(2)
$— $— $0.01 $0.04 
Payment dateSeptember 30, 2024September 29, 2023N/AN/A
Record dateSeptember 20, 2024September 19, 2023N/AN/A
_________________ 
1.In September 2024, the Company suspended its quarterly common stock dividend. As a result, the common unit and performance unit dividends were also suspended.
2.Performance units are entitled to dividends equal to the common stock dividends declared by the Company. During their vesting period, unvested performance units receive 10% of the declared dividend, with the remainder payable as soon as practicable after the vesting date.