EX-99.2 3 q42023ex992.htm EX-99.2

Page 2 of 32 Table of Contents Page Executive Summary 3 Corporate Information 6 Consolidated Balance Sheets 8 Consolidated Statements of Operations 9 Funds from Operations & Adjusted Funds from Operations 10 Consolidated Same-Store Property Performance 11 NOI Detail 12 Debt Summary & Debt Metrics 13 Debt Maturities, Composition & Hedging Instruments 14 Debt Covenant Compliance 15 Existing Portfolio Summary 16 Office Properties by Location 17 Office Properties Occupancy Detail 18 15 Largest Office Tenants 19 Studio Properties & Services 20 Office Leasing Activity 21 Expiring Office Leases Summary 22 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters 23 Under Construction & Future Development Pipeline 25 Consolidated & Unconsolidated Ventures 26 Definitions 27 Non-GAAP Reconciliations 30 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 comply with the covenants contained in the agreements governing our outstanding indebtedness; our failure to generate sufficient cash flows to service our outstanding indebtedness, repay indebtedness when due and maintain dividend payments; lack or insufficient amounts of insurance; decreased rental rates or increased vacancy rates; strikes or work stoppages; 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 32 Executive Summary Three Months Ended December 31, 2023 "We are proud of our team’s efforts and our positive results that overcame a multitude of industry challenges in 2023 including ongoing economic uncertainty. Among our accomplishments for the year, we leased 1.7 million square feet and completed over $1 billion of asset dispositions," stated Victor Coleman, Chairman and CEO. "As we look ahead, we have strengthened our balance sheet by extending maturities to late 2025, and our core focus remains 'leasing, leasing and more leasing' within our high-quality portfolio to capture the benefits of both evolving return-to-office mandates and the studio production ramp up post-strike. We are also focused on continuing to control costs, executing on opportunistic dispositions, progressing our New York studio development, and further fortifying our balance sheet. We are well-positioned to leverage our portfolio, expertise and relationships to the benefit of our shareholders as we seek to drive improved financial performance in the coming year." Three Months Ended Unaudited, in thousands, except share data 12/31/23 12/31/22 OPERATIONAL HIGHLIGHTS Office In-service % occupied 80.8 % 88.0 % In-service % leased 81.9 % 89.7 % Leases executed (square feet) 431,980 517,131 % change in GAAP rent (2.1) % 15.5 % % change in cash rent (9.8) % (0.5) % Weighted average lease term (in months) 41.0 79.0 Net effective rent per square foot $ 43.54 $ 47.31 Studio In-service stage % leased 84.7 % 96.8 % In-service total % leased 80.4 % 84.6 % FINANCIAL HIGHLIGHTS Total revenues $ 223,423 $ 269,927 Net loss attributable to common stockholders $ (97,993) $ (11,984) Net loss per diluted share $ (0.70) $ (0.09) FFO (excluding specified items) per common stock/unit—diluted(1) $ 0.14 $ 0.49 FFO per common stock/unit—diluted(1) $ 0.09 $ 0.47 AFFO per common stock/unit—diluted(1) $ 0.15 $ 0.43 AFFO payout ratio(1) — % 58.0 % GAAP same-store NOI growth(2) (14.3) % (5.2) % Cash same-store NOI growth(2) (8.9) % 2.7 % Weighted average common stock/units outstanding—diluted 144,616 142,882 BALANCE SHEET HIGHLIGHTS HPP's share of debt, net/HPP's share of undepreciated book value(2) 36.5 % 38.2 % HPP's share of debt, net/cash adjusted EBITDAre for selected ratios(2) 8.9x 7.5x Weighted average years to maturity—HPP’s share of secured and unsecured debt 3.7 4.1 Unsecured revolving credit facility undrawn capacity $ 708,000 $ 615,000 Unrestricted cash and cash equivalents $ 100,391 $ 255,761 Note: Definitions for commonly used terms on pages 27-29. (1) See page 10 for a reconciliation of net loss to FFO and AFFO. (2) See pages 30-32 for non-GAAP reconciliations.

Page 4 of 32 Executive Summary (continued) Three Months Ended December 31, 2023 Financial Results Compared to Fourth Quarter 2022 • Total revenue of $223.4 million compared to $269.9 million, largely due to the sales of Skyway Landing, 604 Arizona and 3401 Exposition, previously communicated tenant move-outs at 1455 Market and 10900-10950 Washington, as well as a reduction in studio service and other revenue due to the related union strikes • Net loss attributable to common stockholders of $98.0 million, or $0.70 per diluted share, compared to net loss of $12.0 million, or $0.09 per diluted share, primarily due to the aforementioned revenue changes • FFO, excluding specified items, of $19.6 million, or $0.14 per diluted share, compared to $70.2 million, or $0.49 per diluted share. Specified items include deferred tax asset write-off expense of $6.6 million, or $0.05 per diluted share and transaction-related expense of $0.2 million, or $0.00 per diluted share, compared to specified items consisting of transaction-related expense of $3.6 million, or $0.03 per diluted share • FFO of $12.8 million, or $0.09 per diluted share, compared to $66.5 million, or $0.47 per diluted share • AFFO of $21.5 million, or $0.15 per diluted share, compared to $62.1 million, or $0.43 per diluted share • Same-store cash NOI of $116.1 million compared to $127.4 million, mostly attributable to a large vacate at 1455 Market and mid-size tenant move-outs in the San Francisco Peninsula and Silicon Valley, as well as a single tenant vacating six stages at Sunset Las Palmas due to the strike Leasing • Executed 77 new and renewal leases totaling 431,980 square feet, including a 57,000-square-foot five-year renewal with GitHub at 275 Brannan • GAAP rents decreased 2.1% and cash rents decreased 9.8% from prior levels, mostly attributable to two mid- size tenant renewals in the San Francisco Bay Area • In-service office portfolio ended the quarter at 80.8% occupied and 81.9% leased, with the change primarily resulting from the sale of One Westside • On average over the trailing 12 months, the in-service studio portfolio was 80.4% leased and the related 35 stages were 84.7% leased, with the change attributable to aforementioned single tenant vacating space at Sunset Las Palmas Dispositions • Sold Cloud10, a 5.3-acre land parcel in North San Jose, California, for $43.5 million before prorations and closing costs • Sold 100% of two tranches and 49% of a third tranche of debt associated with the Hollywood Media Portfolio, generating gross proceeds of $145.8 million, while retaining a 51% ownership in the third tranche with a notional value of $30.2 million • Sold One Westside and Westside Two office redevelopment in West Los Angeles, California (owned 75/25% Hudson Pacific/Macerich) for $700 million before prorations and closing costs Balance Sheet as of December 31, 2023 • $808.4 million of total liquidity comprised of $100.4 million of unrestricted cash and cash equivalents and $708.0 million of undrawn capacity under the unsecured revolving credit facility • $17.5 million and $183.1 million of undrawn capacity under construction loans secured by Sunset Glenoaks and Sunset Pier 94, respectively • HPP's share of net debt to HPP's share of undepreciated book value was 36.5% with 86.1% of debt fixed or capped and no maturities until November 2025 • Refinanced Bentall Centre owned in partnership with Blackstone with a $482.2 million mortgage loan (reflects the foreign currency exchange rate from CAD to USD as of December 31, 2023) maturing in July 2027 and bearing an interest rate of 230 basis points over CORRA • Applied net proceeds from the sale of One Westside and Westside Two to fully repay the construction loan secured by those properties, with remaining net proceeds, as well as those from the sales of Cloud10 and the Hollywood Media Portfolio loan, used to repay amounts outstanding on the unsecured revolving credit facility Note: Definitions for commonly used terms on pages 27-29.

Page 5 of 32 Executive Summary (continued) Three Months Ended December 31, 2023 Note: Definitions for commonly used terms on pages 27-29. • Completed credit facility amendment to favorably adjust certain definitions and covenant calculations, for which aggregate lender commitments were reduced by $100.0 million to $900.0 million maturing in December 2026 (including extension options) Dividend • The Company's Board of Directors declared and paid a dividend on its 4.750% Series C cumulative preferred stock of $0.296875 per share ESG Leadership • Received multiple industry-wide sustainability and ESG recognitions, including: ◦ Top rankings in the 2023 GRESB Real Estate Assessment, including being named an Office, Americas Sector Leader for the third consecutive year, and Green Star and 5-star ratings for a fifth consecutive year ◦ Winner of Nareit's Leader in the Light: Office Award for the second consecutive year ◦ Named one of Newsweek's America's Most Responsible Companies for the second consecutive year

Page 6 of 32 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 Ebs Burnough Managing Director, Hatch House Media and President and Founder, Ebs Burnough Solutions International Jonathan M. Glaser Managing Member, JMG Capital Management LLC Robert L. Harris II Executive Chairman (retired), Acacia Research Corporation 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 Arthur X. Suazo Executive Vice President, Leasing Chuck We Executive Vice President, Pacific Northwest/Canada Office Operations Christy Haubegger Executive Vice President and Chief Enterprise Inclusion Officer (retired), WarnerMedia Mark D. Linehan President and Chief Executive Officer, Wynmark Company Michael Nash Co-Founder and Chairman (retired), Blackstone Real Estate Debt Strategies 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 7 of 32 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 Goldman Sachs Caitlin Burrows (212) 902-4736 Scotiabank Nicholas Yulico (212) 225-6904 Wedbush Securities Richard Anderson (212) 931-7001 Wells Fargo Securities Blaine Heck (443) 263-6529 Wolfe Research Andrew Rosivach (646) 582-9250 Fitch Ratings Peter Siciliano (646) 582-4760 Moody’s Investor Service Ranjini Venkatesan (212) 553-3828 Standard & Poor’s Hannah Gray (646) 784-0134 Equity Research Coverage: 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 Piper Sandler & Company Alexander Goldfarb (212) 466-7937 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 8 of 32 Consolidated Balance Sheets In thousands, except share data 12/31/23 12/31/22 (Unaudited) ASSETS Investment in real estate, net $ 6,484,459 $ 7,175,301 Non-real estate property, plant and equipment, net 118,783 130,289 Cash and cash equivalents 100,391 255,761 Restricted cash 18,765 29,970 Accounts receivable, net 24,609 16,820 Straight-line rent receivables, net 220,787 279,910 Deferred leasing costs and intangible assets, net 326,950 393,842 Operating lease right-of-use assets 376,306 401,051 Prepaid expenses and other assets, net 94,145 98,837 Investment in unconsolidated real estate entities 252,711 180,572 Goodwill 264,144 263,549 Assets associated with real estate held for sale — 93,238 TOTAL ASSETS $ 8,282,050 $ 9,319,140 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 3,945,314 $ 4,585,862 Joint venture partner debt 66,136 66,136 Accounts payable, accrued liabilities and other 203,736 264,098 Operating lease liabilities 389,210 399,801 Intangible liabilities, net 27,751 34,091 Security deposits, prepaid rent and other 88,734 83,797 Liabilities associated with real estate held for sale — 665 Total liabilities 4,720,881 5,434,450 Redeemable preferred units of the operating partnership 9,815 9,815 Redeemable non-controlling interest in consolidated real estate entities 57,182 125,044 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 12/31/23 and 12/31/22 425,000 425,000 Common stock, $0.01 par value, 481,600,000 authorized, 141,034,806 and 141,054,478 shares outstanding at 12/31/23 and 12/31/22, respectively 1,403 1,409 Additional paid-in capital 2,651,798 2,889,967 Accumulated other comprehensive loss (187) (11,272) Total HPP stockholders’ equity 3,078,014 3,305,104 Non-controlling interest—members in consolidated real estate entities 335,439 377,756 Non-controlling interest—units in the operating partnership 80,719 66,971 Total equity 3,494,172 3,749,831 TOTAL LIABILITIES AND EQUITY $ 8,282,050 $ 9,319,140

Page 9 of 32 Consolidated Statements of Operations In thousands, except per share data Three Months Ended Year Ended 12/31/23 12/31/22 12/31/23 12/31/22 (Unaudited) (Unaudited) (Unaudited) REVENUES Office Rental revenues $ 191,319 $ 207,601 $ 797,095 $ 834,408 Service and other revenues 3,545 3,964 15,280 18,292 Total office revenues 194,864 211,565 812,375 852,700 Studio Rental revenues 13,167 17,535 59,276 59,672 Service and other revenues 15,392 40,827 80,646 113,852 Total studio revenues 28,559 58,362 139,922 173,524 Total revenues 223,423 269,927 952,297 1,026,224 OPERATING EXPENSES Office operating expenses 80,676 78,139 312,018 308,668 Studio operating expenses 34,869 38,793 138,447 105,150 General and administrative 19,781 17,323 74,958 79,501 Depreciation and amortization 103,192 96,518 397,846 373,219 Total operating expenses 238,518 230,773 923,269 866,538 OTHER INCOME (EXPENSES) (Loss) income from unconsolidated real estate entities (1,683) (788) (3,902) 943 Fee income 1,155 4,850 6,181 7,972 Interest expense (52,379) (48,085) (214,415) (149,901) Interest income 775 314 2,182 2,340 Management services reimbursement income—unconsolidated real estate entities 987 1,004 4,125 4,163 Management services expense—unconsolidated real estate entities (987) (1,004) (4,125) (4,163) Transaction-related expenses (194) (3,643) 1,150 (14,356) Unrealized loss on non-real estate investments (851) (378) (3,120) (1,440) Gain (loss) on sale of real estate 80,048 (1,984) 103,202 (2,164) Impairment loss (60,158) — (60,158) (28,548) Gain on extinguishment of debt — — 10,000 — Other (expense) income (145) 4,904 (6) 8,951 Loss on sale of bonds (34,046) — (34,046) — Total other expenses (67,478) (44,810) (192,932) (176,203) Loss before income tax provision (82,573) (5,656) (163,904) (16,517) Income tax provision (6,081) — (6,796) — Net loss (88,654) (5,656) (170,700) (16,517) Net income attributable to Series A preferred units (153) (153) (612) (612) Net income attributable to Series C preferred shares (5,047) (5,047) (20,188) (20,431) Net income attributable to participating securities — (300) (850) (1,194) Net loss (income) attributable to non-controlling interest in consolidated real estate entities 8,957 (1,520) 9,331 (23,418) Net (income) loss attributable to redeemable non-controlling interest in consolidated real estate entities (14,854) 531 (12,520) 4,964 Net loss attributable to common units in the operating partnership 1,758 161 3,358 709 NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (97,993) $ (11,984) $ (192,181) $ (56,499) BASIC AND DILUTED PER SHARE AMOUNTS Net loss attributable to common stockholders—basic (0.70) $ (0.09) (1.36) (0.39) Net loss attributable to common stockholders—diluted (0.70) $ (0.09) (1.36) (0.39) Weighted average shares of common stock outstanding—basic 140,941 140,928 140,953 143,732 Weighted average shares of common stock outstanding—diluted 140,941 140,928 140,953 143,732

Page 10 of 32 Funds from Operations & Adjusted Funds from Operations Unaudited, in thousands, except per share data FUNDS FROM OPERATIONS Three Months Ended Year Ended 12/31/23 12/31/22 12/31/23 12/31/22 Net loss $ (88,654) $ (5,656) $ (170,700) $ (16,517) Adjustments: Depreciation and amortization—consolidated 103,192 96,518 397,846 373,219 Depreciation and amortization—non-real estate assets (7,865) (8,652) (33,389) (23,110) Depreciation and amortization—HPP’s share from unconsolidated real estate entities 1,156 1,355 4,779 5,322 (Gain) loss on sale of real estate (80,048) 1,984 (103,202) 2,164 Loss on sale of bonds 34,046 — 34,046 — Impairment loss—real estate assets 60,158 — 60,158 20,048 Unrealized loss on non-real estate investments 851 378 3,120 1,440 FFO attributable to non-controlling interests (4,857) (14,201) (42,335) (71,100) FFO attributable to preferred shares and units (5,200) (5,200) (20,800) (21,043) FFO to common stock/unit holders 12,779 66,526 129,523 270,423 Specified items impacting FFO: Impairment loss—Trade name — — — 8,500 Transaction-related expenses 194 3,643 (1,150) 14,356 Prior period net property tax adjustment—HPP’s share — — (1,469) 786 Deferred tax asset valuation allowance 6,626 — 10,142 — One-time gain on debt extinguishment — — (10,000) — One-time tax impact of gain on debt extinguishment — 2,751 FFO (excluding specified items) to common stock/unit holders $ 19,599 $ 70,169 $ 129,797 $ 294,065 Weighted average common stock/units outstanding—diluted 144,616 142,882 144,552 145,712 FFO per common stock/unit—diluted $ 0.09 $ 0.47 $ 0.90 $ 1.86 FFO (excluding specified items) per common stock/unit—diluted $ 0.14 $ 0.49 $ 0.90 $ 2.02 Note: Definitions for commonly used terms on pages 27-29. ADJUSTED FUNDS FROM OPERATIONS Three Months Ended Year Ended 12/31/23 12/31/22 12/31/23 12/31/22 FFO (excluding specified items) $ 19,599 $ 70,169 $ 129,797 $ 294,065 Adjustments: GAAP non-cash revenue (straight-line rent and above/below- market rents) 6,306 (3,208) (3,020) (29,716) GAAP non-cash expense (straight-line rent expense and above/ below-market ground rent) 1,939 1,925 7,495 5,318 Non-real estate depreciation and amortization 7,865 8,652 33,389 23,110 Non-cash interest expense 1,572 2,439 14,394 9,727 Non-cash compensation expense 6,707 6,480 23,611 24,296 Recurring capital expenditures, tenant improvements and lease commissions (22,514) (24,356) (89,997) (89,815) AFFO $ 21,474 $ 62,101 $ 115,669 $ 236,985 Dividends paid to common stock/unit holders $ — $ 36,039 $ 54,960 $ 145,427 AFFO payout ratio — % 58.0 % 47.5 % 61.4 %

Page 11 of 32 Consolidated Same-Store Property Performance Unaudited, in thousands, except number of properties and square feet SAME-STORE ANALYSIS Three Months Ended Year Ended 12/31/23 12/31/22 % Change 12/31/23 12/31/22 % Change Same-store office statistics Number of properties 41 41 40 40 Square feet 11,572,168 11,572,168 11,389,050 11,389,050 Average % occupied(1) 79.7 % 86.6 % 83.4 % 89.0 % Same-store studio statistics Number of properties 3 3 3 3 Square feet 1,231,278 1,231,278 1,231,278 1,231,278 Average % leased 80.4 % 84.6 % 80.4 % 84.6 % Same-store NOI(2) Office revenues $ 171,275 $ 182,006 (5.9) % $ 699,305 $ 718,727 (2.7) % Office expenses 71,889 68,899 4.3 274,136 263,112 4.2 Same-store office NOI 99,386 113,107 (12.1) 425,169 455,615 (6.7) Studio revenues 16,094 22,082 (27.1) 70,403 85,397 (17.6) Studio expenses 10,627 12,798 (17.0) 41,160 49,769 (17.3) Same-store studio NOI 5,467 9,284 (41.1) 29,243 35,628 (17.9) Total same-store NOI $ 104,853 $ 122,391 (14.3) % $ 454,412 $ 491,243 (7.5) % SAME-STORE ANALYSIS (CASH BASIS) Three Months Ended Year Ended 12/31/23 12/31/22 % Change 12/31/23 12/31/22 % Change Same-store NOI (cash basis) Office cash revenues $ 181,467 $ 186,089 (2.5) % $ 711,432 $ 712,256 (0.1) % Office cash expenses 70,802 67,797 4.4 269,726 258,708 4.3 Same-store office NOI (cash basis)(3) 110,665 118,292 (6.4) 441,706 453,548 (2.6) Studio cash revenues 15,932 21,677 (26.5) 69,042 83,343 (17.2) Studio cash expenses 10,514 12,558 (16.3) 40,708 49,320 (17.5) Same-store studio NOI (cash basis) 5,418 9,119 (40.6) 28,334 34,023 (16.7) Total same-store NOI (cash basis)(4) $ 116,083 $ 127,411 (8.9) % $ 470,040 $ 487,571 (3.6) % Note: Definitions for commonly used terms on pages 27-29. (1) Excludes One Westside, which was sold during the three months ended December 31, 2023. Inclusive of One Westside, same-store office average % occupied for the three months ended December 31, 2023 and the 12 months ended December 31, 2023 would have been 80.7% and 84.2% respectively. Same-store office average % occupied for the three months ended December 31, 2022 and the 12 months ended December 31, 2022 would have been 87.3% and 89.6% respectively. (2) See page 30 for non-GAAP reconciliations. (3) Excludes One Westside, which was sold during the three months ended December 31, 2023. Inclusive of One Westside, same-store office net operating income (cash basis) percentage change for the three months ended December 31, 2023 and the 12 months ended December 31, 2023 would have been 1.0% and 3.8%, respectively. (4) Excludes One Westside, which was sold during the three months ended December 31, 2023. Inclusive of One Westside, total same- store net operating income (cash basis) percentage change for the three months ended December 31, 2023 and the 12 months ended December 31, 2023 would have been (1.9)% and 2.4%, respectively.

Page 12 of 32 NOI Detail Three Months Ended December 31, 2023 | Unaudited, in thousands Same-Store Office Same-Store Studio Non-Same- Store Office Non-Same- Store Studio Total REVENUE Cash rent $ 145,974 $ 10,676 $ 18,374 $ 2,162 $ 177,186 Cash tenant recoveries 31,977 235 4,455 (68) 36,599 Straight-line rent (11,424) 171 706 — (10,547) Amortization of above/below-market leases, net 1,444 — 27 — 1,471 Amortization of lease incentive costs (212) (9) (2) — (223) Total rental revenue 167,759 11,073 23,560 2,094 204,486 Service and other revenues 3,516 5,021 29 10,371 18,937 Total revenue 171,275 16,094 23,589 12,465 223,423 OPERATING EXPENSES Property operating expenses 70,802 10,514 8,785 23,328 113,429 Straight-line rent 376 — — 884 1,260 Non-cash compensation expense 35 113 — 20 168 Amortization of above/below-market ground leases, net 676 — 2 10 688 Total operating expenses 71,889 10,627 8,787 24,242 115,545 CONSOLIDATED NOI(1) $ 99,386 $ 5,467 $ 14,802 $ (11,777) $ 107,878 Add: HPP’s share of NOI from unconsolidated real estate entity(2) — — 1,760 — 1,760 Less: NOI attributable to non-controlling interests(2) 13,346 2,633 2,716 — 18,695 HPP’s share of NOI $ 86,040 $ 2,834 $ 13,846 $ (11,777) $ 90,943 Reconciliation to Cash NOI Consolidated NOI $ 99,386 $ 5,467 $ 14,802 $ (11,777) $ 107,878 Straight-line rent, net 11,800 (171) (706) 884 11,807 Non-cash compensation expense 35 113 — 20 168 Amortization of above/below-market leases, net (1,444) — (27) — (1,471) Amortization of lease incentive costs 212 9 2 — 223 Amortization of above/below-market ground leases, net 676 — 2 10 688 CONSOLIDATED CASH NOI $ 110,665 $ 5,418 $ 14,073 $ (10,863) $ 119,293 Add: HPP’s share of cash NOI from unconsolidated real estate entity(2) — — 1,172 — 1,172 Less: Cash NOI attributable to non-controlling interests(2) 16,816 2,599 2,449 — 21,864 HPP’s share of Cash NOI $ 93,849 $ 2,819 $ 12,796 $ (10,863) $ 98,601 Note: Definitions for commonly used terms on pages 27-29. (1) See page 30 for non-GAAP reconciliations. (2) See page 26 for a list of our consolidated and unconsolidated joint venture properties.

Page 13 of 32 Debt Summary & Debt Metrics As of December 31, 2023 | Unaudited, in thousands DEBT SUMMARY Outstanding Balance HPP’s Share Stated Interest Rate Maturity Date(1) UNSECURED DEBT 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) 192,000 192,000 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 2,307,000 2,307,000 SECURED DEBT 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 1,100,000 561,000 SOFR + 1.10% 8/9/26 Acquired Hollywood Media Portfolio debt (30,233) (30,233) SOFR + 2.11% 8/9/26 Hollywood Media Portfolio, net 1,069,767 530,767 Hill7 101,000 55,550 3.38% 11/6/28 Total secured debt 1,653,067 927,182 Total unsecured and secured debt $ 3,960,067 $ 3,234,182 Consolidated joint venture partner debt $ 66,136 $ — 4.50% 10/9/32 UNCONSOLIDATED DEBT Sunset Glenoaks Studios(2) $ 83,098 $ 41,549 SOFR + 3.10% 1/9/27 Bentall Centre(2) 482,198 96,440 CORRA + 2.30% 7/1/27 Sunset Pier 94 Studios(2) 100 26 SOFR + 4.75% 9/9/28 Total unconsolidated debt $ 565,396 $ 138,015 Note: Definitions for commonly used terms on pages 27-29. (1) Maturity dates include the effect of extension options. (2) As of December 31, 2023, we had undrawn capacity of $708.0 million on our unsecured revolving credit facility, $3.8 million on our Bentall Centre loan, $8.8 million on our Sunset Glenoaks Studios loan and $46.8 million on our Sunset Pier 94 Studios loan (amounts at HPP’s share). (3) See pages 31-32 for non-GAAP reconciliations. DEBT METRICS Total unsecured and secured debt $ 3,960,067 Less: Consolidated cash and cash equivalents (100,391) Consolidated debt, net $ 3,859,676 Less: Partners' share of consolidated unsecured and secured debt (725,885) Add: HPP's share of unconsolidated real estate entities' debt 138,015 Add: Partners' share of consolidated cash and cash equivalents 27,466 Less: HPP's share of unconsolidated real estate entities' cash and cash equivalents (4,212) HPP's share of debt, net $ 3,295,060 HPP's share of debt, net/HPP's share of undepreciated book value(3) 36.5 % Consolidated debt, net/cash adjusted EBITDAre for selected ratios(3) 8.4x HPP's share of debt, net/HPP's share of cash adjusted EBITDAre for selected ratios(3) 8.9x

Page 14 of 32 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 $2,307,000 68.4 % 4.6% 4.2 Secured 1,065,197 31.6 5.2 2.6 Total $3,372,197 100.0 % 4.8% 3.7 HPP’s share of fixed, capped, and floating rate debt Fixed(2) $2,862,601 84.9 % 4.4% 3.8 Capped 41,549 1.2 7.6 3.0 Floating 468,047 13.9 6.7 2.9 Total $3,372,197 100.0 % 4.8% 3.7 GAAP effective rate 5.0% Debt Maturity Schedule $259,000 $342,000 $456,000 $350,000 $500,000 $400,000 $— $340,865 $530,767 $137,989 $55,576 Secured Unsecured 2024 2025 2026 2027 2028 2029 2030 + $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Note: Definitions for commonly used terms on pages 27-29. (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. On February 8, 2024, we entered into an interest rate swap agreement to fix SOFR at a rate of 4.125% effective as of February 9, 2024 on $180.0 million of indebtedness, which corresponds to our unhedged portion of the loan secured by the Hollywood Media Portfolio. Adjusting the composition of our debt as of December 31, 2023 on a pro forma basis to reflect the effect of this swap, our fixed rate debt would be approximately 90.2%. 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 Sunset Glenoaks Studios $41,549 8/15/22 1/9/25 4.50% SOFR

Page 15 of 32 Debt Covenant Compliance(1) Covenant Actual Performance Unsecured revolving credit facility and term loans Total liabilities to total asset value(2) ≤ 65% 45.1% Unsecured indebtedness to unencumbered asset value(2) ≤ 65% 41.8% Adjusted EBITDA to fixed charges ≥ 1.5x 1.9x Secured indebtedness to total asset value ≤ 45% 19.9% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.4x Private Placement (Series B, C, and D Notes) Total liabilities to total asset value ≤ 65% 48.5% Unsecured indebtedness to unencumbered asset value ≤ 65% 51.3% Adjusted EBITDA to fixed charges ≥ 1.5x 1.9x Secured indebtedness to total asset value ≤ 45% 21.4% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.4x Unsecured registered senior notes Debt to total assets ≤ 60% 43.3% Total unencumbered assets to unsecured debt ≥ 150% 250.5% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 1.9x Secured debt to total assets ≤ 45% 18.9% (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 December 31, 2023, at which time the operating partnership was in compliance. (2) Based on the provisions of the fourth quarter 2023 amendment to the unsecured revolving credit facility, the total leverage and the unsecured leverage thresholds have been extended from 60% to 65% through December 31, 2024 (or until such time as the private placement covenant calculations are amended to reflect the recent adjustments to the credit facility covenants, if sooner).

Page 16 of 32 Existing Portfolio Summary Three Months Ended 12/31/23 9/30/23 6/30/23 3/31/23 12/31/22 Number of office properties owned 46 48 50 49 52 In-service office square feet 13,853,005 14,437,595 14,507,904 14,483,122 14,649,221 In-service office % leased 81.9 % 83.1 % 87.0 % 88.7 % 89.7 % In-service office % occupied 80.8 % 81.3 % 85.2 % 86.9 % 88.0 % Number of studio properties owned 5 5 4 4 4 In-service studio square feet(1) 1,231,278 1,231,335 1,230,997 1,226,576 1,230,454 In-service studio % leased 80.4 % 83.5 % 86.5 % 86.3 % 84.6 % HPP's Share ABR % by Industry 35.1% 16.6%8.6% 8.6% 7.3% 6.5% 17.3% Technology Media & Entertainment Legal Retail Business Services Financial Services Other YTD HPP's Share NOI % by Region 36.0% 26.4% 21.3% 13.9% 2.4% Silicon Valley Los Angeles San Francisco Seattle Vancouver HPP's Share Tech ABR % by Public/ Private Tenants & Age 81.9% 9.5% 8.6% Public Private > 10 Yrs. Private < 10 Yrs. YTD HPP's Share NOI % Office vs. Studio 100.0% Office Studio Note: Definitions for commonly used terms on pages 27-29. (1) See page 20 for a list of in-service studio properties. (2) See page 30 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 17 of 32 Office Properties by Location Note: Definitions for commonly used terms on pages 27-29. (1) Excludes 253,356 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 Hollywood 5 967,194 100.0 % 100.0 % $ 65,008,326 $ 33,154,246 $ 67.21 West Los Angeles 2 784,280 93.8 99.0 40,787,278 40,787,278 55.47 Downtown Los Angeles 2 234,664 100.0 100.0 11,177,251 11,177,251 47.63 Subtotal 9 1,986,138 97.5 99.6 116,972,855 85,118,775 60.38 San Francisco Bay Area, California North San Jose 5 2,638,425 64.4 66.1 78,652,968 78,652,968 46.27 San Francisco 7 2,425,462 72.0 72.1 122,261,937 99,852,362 69.99 Palo Alto 7 1,140,955 86.0 86.0 84,285,488 84,285,488 85.91 Redwood Shores 4 950,120 82.8 83.3 54,194,054 54,194,054 68.86 Foster City 1 723,848 77.7 84.3 34,745,538 34,745,538 61.80 Santa Clara 1 284,903 71.1 74.3 10,243,529 10,243,529 50.59 Subtotal 25 8,163,713 73.2 74.6 384,383,514 361,973,939 64.28 Seattle, Washington Denny Triangle 4 1,339,681 99.6 99.9 54,412,115 36,189,400 40.80 Pioneer Square 5 842,389 67.3 67.8 22,310,733 22,310,733 39.38 Subtotal 9 2,182,070 87.1 87.5 76,722,848 58,500,133 40.38 Vancouver, British Columbia Downtown Vancouver 1 1,521,084 90.1 90.1 42,065,607 8,413,121 30.70 Subtotal 1 1,521,084 90.1 90.1 42,065,607 8,413,121 30.70 TOTAL IN-SERVICE 44 13,853,005 80.8 % 81.9 % $ 620,144,824 $ 514,005,968 $ 55.43

Page 18 of 32 Office Properties Occupancy Detail Submarket Square Feet % Occupied % Leased Los Angeles, California 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 11601 Wilshire West Los Angeles 500,243 90.2 98.4 Element LA West Los Angeles 284,037 100.0 100.0 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 943,789 85.4 85.8 Gateway North San Jose 609,278 64.3 68.0 Metro Plaza North San Jose 451,036 58.3 61.6 Skyport Plaza North San Jose 418,465 5.4 6.1 1740 Technology North San Jose 215,857 100.0 100.0 1455 Market San Francisco 1,033,682 45.3 45.3 Rincon Center San Francisco 533,076 97.6 97.6 Ferry Building San Francisco 265,916 97.4 98.3 901 Market San Francisco 206,113 78.8 78.8 875 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 317,845 91.9 91.9 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 53.6 53.6 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 335,285 89.8 89.8 Shorebreeze Redwood Shores 230,932 79.6 79.6 555 Twin Dolphin Redwood Shores 200,785 70.8 73.2 333 Twin Dolphin Redwood Shores 183,118 87.4 87.4 Metro Center Foster City 723,848 77.7 84.3 Techmart Santa Clara 284,903 71.1 74.3 Seattle, Washington 1918 Eighth Denny Triangle 667,724 99.4 100.0 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 287,853 36.0 36.0 83 King Pioneer Square 183,898 70.1 70.1 450 Alaskan Pioneer Square 171,014 99.5 99.5 411 First Pioneer Square 163,719 78.2 81.2 95 Jackson Pioneer Square 35,905 100.0 100.0 Vancouver, British Columbia Bentall Centre Downtown Vancouver 1,521,084 90.1 90.1 TOTAL IN-SERVICE OFFICE 13,853,005 80.8 % (1) 81.9 % (1) Note: Definitions for commonly used terms on pages 27-29. (1) Excludes One Westside, which was sold during the three months ended December 31, 2023. Inclusive of One Westside, for the fourth quarter 2023 the % occupied would have been 81.5% and % leased would have been 82.6%.

Page 19 of 32 Note: Definitions for commonly used terms on pages 27-29. (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, (iii) 207,857 square feet at 3400 Hillview in November 2028 (early termination right between March 2025- February 2027) and (iv) 41,354 square feet at Ferry Building in October 2029. (2) Amazon expirations: (i) 139,824 square feet at Met Park North in November 2025 (early termination right starting in December 2024), (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 March 2025. (5) 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. (6) 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. (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. (8) GitHub Inc. expirations: (i) 35,330 square feet at 625 Second in December 2024 and (ii) 57,120 square feet at 275 Brannan in June 2030. (9) PayPal, Inc. has an early termination right at Fourth & Traction in July 2026. (10) 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. (11) Poshmark, Inc. expirations: (i) 25,549 square feet in May 2024 and (ii) 50,327 square feet in December 2029. HPP’s Share # of Properties Lease Expiration Occupied Square Feet Annualized Base Rent % of Annualized Base Rent 1 Google, Inc. 4 2025-2029 640,726 (1) $ 51,963,161 10.1% 2 Amazon 3 2025-2031 990,788 (2) 28,214,335 5.5 3 Netflix, Inc. 3 2031 722,305 (3) 25,507,912 5.0 4 Riot Games, Inc. 1 2030 284,037 (4) 18,951,920 3.7 5 Nutanix, Inc. 2 2024-2030 332,858 (5) 15,870,596 3.1 6 Salesforce.com 1 2025-2028 265,394 (6) 15,036,621 2.9 7 Dell EMC Corporation 2 2023-2027 172,975 (7) 10,235,000 2.0 8 Uber Technologies, Inc. 1 2025 325,445 10,232,000 2.0 9 GitHub, Inc. 2 2024-2030 92,450 (8) 7,086,069 1.4 10 PayPal, Inc. 1 2030 131,701 (9) 6,173,837 1.2 11 Weil, Gotshal & Manges LLP 1 2026 76,278 6,097,801 1.2 12 Regus 5 2024-2030 123,583 (10) 6,015,427 1.2 13 Poshmark, Inc. 1 2024-2029 75,876 (11) 5,636,341 1.1 14 Glu Mobile, Inc. 1 2027 61,381 5,313,948 1.0 15 TDK Corporation of America/Invensense 1 2025 139,336 5,200,020 1.0 TOTAL 4,435,133 $ 217,534,988 42.4% 15 Largest Office Tenants

Page 20 of 32 Note: Definitions for commonly used terms on pages 27-29. 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 12 558,295 100.0 % 82.4 % $ 21,370,272 $ 10,898,839 $ 46.55 Sunset Bronson Studios Owned Hollywood 10 310,006 100.0 95.1 12,701,849 6,477,943 43.22 Sunset Las Palmas Studios Owned Hollywood 13 362,977 56.2 64.9 11,226,714 5,725,624 47.71 TOTAL IN-SERVICE STUDIO 35 1,231,278 84.7 % 80.4 % $ 45,298,835 $ 23,102,406 $ 45.88 Quixote Studios Various Various 27 571,787 30.1% 29.3% $10,922,744 $10,922,744 $ 65.23 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 $11,073 $3,470 N/A N/A $1,551 $16,094 $10,627 $5,467 Quixote Studios & Services 2,094 1,647 1,570 4,107 3,047 12,465 24,242 (11,777) TOTAL $13,167 $5,117 $1,570 $4,107 $4,598 $28,559 $34,869 $(6,310)

Page 21 of 32 Office Leasing Activity Dollars reflected are per square foot Three Months Ended December 31, 2023 Year Ended December 31, 2023 Gross Leasing Activity New cash rate $53.96 $45.04 Renewal cash rate $51.73 $51.15 New square feet leased 110,211 572,833 Renewal square feet leased 321,769 1,125,614 Total square feet leased 431,980 1,698,447 Leases expired and terminated Contractual expiration square feet 110,487 1,389,756 Early termination square feet 164,337 465,358 Total square feet expired/terminated 274,824 1,855,114 GAAP rent expiring rate $52.46 $46.86 GAAP rent new/renewal rate $51.35 $46.95 % change in GAAP rent (2.1) % 0.2 % Cash rent expiring rate $57.86 $52.56 Cash rent new/renewal rate $52.21 $50.46 % change in cash rent (9.8) % (4.0) % Tenant improvements & leasing commissions (total / annual) New leases $55.66 / $12.88 $48.88 / $10.40 Renewal leases $23.37 / $7.46 $15.57 / $5.51 Blended $31.07 / $9.10 $26.59 / $7.71 Net effective rent New leases $38.86 $32.72 Renewal leases $45.00 $44.37 Blended $43.54 $40.52 Weighted average lease term (in months) New leases 51.9 56.4 Renewal leases 37.6 33.9 Blended 41.0 41.4 Note: Definitions for commonly used terms on pages 27-29.

Page 22 of 32 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 3,297,287 Q4-2023 23 155,239 7,206,259 1.4 50.53 7,206,260 50.53 2023 23 155,239 7,206,259 1.4 50.53 7,206,260 50.53 2024 189 1,539,790 77,258,172 14.8 56.06 78,381,562 56.87 2025 165 1,978,453 94,399,116 18.0 58.80 98,100,254 61.10 2026 99 699,959 39,608,525 7.6 62.56 42,179,316 66.62 2027 106 1,070,124 55,674,372 10.6 60.94 60,868,879 66.63 2028 67 1,187,514 70,013,934 13.4 70.95 77,938,801 78.98 2029 47 551,223 30,245,912 5.8 70.62 33,255,339 77.64 2030 25 1,642,992 68,116,580 13.0 53.23 79,662,632 62.25 2031 18 1,091,700 39,016,297 7.5 57.48 49,873,088 73.47 2032 10 245,879 8,505,128 1.6 59.09 10,784,667 74.92 Thereafter 30 775,147 23,695,205 4.5 51.51 30,985,284 67.35 Building management use 43 236,687 — — — — — Signed leases not commenced 31 167,911 9,293,342 1.8 57.05 10,967,294 67.32 TOTAL/WEIGHTED AVERAGE 853 14,639,905 $ 523,032,842 100.0 % $ 57.98 $ 580,203,376 $ 64.32 Note: Definitions for commonly used terms on pages 27-29. (1) Total expiring square footage does not include month-to-month leases.

Page 23 of 32 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters Q1 2024 Q2 2024 Q3 2024 Q4 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 35,402 $ 51.83 1,670 $ 66.00 3,951 $ 60.00 — $ — San Francisco Bay Area, California 30,536 42.44 12,523 49.25 71,186 69.23 — — Seattle, Washington 6,828 21.32 4,884 39.00 — — — — Vancouver, British Columbia 931 — — — — — — — TOTAL 73,697 $ 44.46 19,077 $ 48.09 75,137 $ 68.74 — $ — Backfilled Office Leases Los Angeles, California — $ — 6,069 $ 54.00 23,377 $ 63.39 — $ — San Francisco Bay Area, California — — 4,890 45.26 — — — — Seattle, Washington — — — — — — — — Vancouver, British Columbia 3,448 26.84 — — 11,176 44.94 — — TOTAL 3,448 $ 26.84 10,959 $ 50.10 34,553 $ 57.42 — $ — Expiring Office Leases Los Angeles, California 31,977 $ 53.88 47,194 $ 49.42 40,421 $ 51.62 22,232 $ 66.12 San Francisco Bay Area, California 204,714 63.50 313,493 48.48 (1) 212,504 65.15 (2) 376,394 66.41 (3) Seattle, Washington 47,614 17.63 58 51.72 12,424 43.62 81,869 47.84 (4) Vancouver, British Columbia 22,131 27.97 15,288 19.03 29,382 31.96 86,716 34.18 TOTAL 306,436 $ 52.80 376,033 $ 47.40 294,731 $ 59.08 567,211 $ 58.79 Q1 2025 Q2 2025 Q3 2025 Q4 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 — $ — — $ — — $ — — $ — San Francisco Bay Area, California — — — — — — — — Seattle, Washington — — — — — — — — Vancouver, British Columbia — — — — — — — — TOTAL — $ — — $ — — $ — — $ — Backfilled Office Leases Los Angeles, California — $ — — $ — — $ — — $ — San Francisco Bay Area, California — — — — — — — — Seattle, Washington — — — — — — — — Vancouver, British Columbia — — — — — — — — TOTAL — $ — — $ — — $ — — $ — Expiring Office Leases Los Angeles, California — $ — 5,277 $ 66.14 26,687 $ 38.19 10,349 $ 65.05 San Francisco Bay Area, California 649,385 66.77 (5) 315,848 55.83 (6) 331,964 70.22 (7) 151,018 66.11 Seattle, Washington 11,171 42.98 175,646 46.57 (8) — — 145,319 38.21 (9) Vancouver, British Columbia 26,277 36.13 75,979 34.31 28,107 34.60 44,086 38.90 TOTAL 686,833 $ 65.21 572,750 $ 50.23 386,758 $ 65.42 350,772 $ 51.10

Page 24 of 32 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters (continued) Note: Definitions for commonly used terms on pages 27-29. (1) Includes Nutanix, Inc. at Concourse for 117,001 square feet in May 2024. (2) Includes DoorDash, Inc. at 901 Market for 50,821 square feet in August 2024. (3) Includes Bank of America at 1455 Market for 68,991 square feet in December 2024. (4) Includes RealSelf, Inc. at 83 King for 74,700 square feet in December 2024. (5) 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. (6) Includes TDK Corporation of America/Invensense at Concourse for 139,336 square feet in April 2025. (7) Includes Salesforce.com at Rincon Center for 83,016 square feet in July 2025. (8) Includes HBO Code Labs, Inc. at Hill7 for 112,222 square feet in May 2025. (9) Includes Amazon at Met Park North for 139,824 square feet in November 2025.

Page 25 of 32 Under Construction & Future Development Pipeline(1) Unaudited, in thousands, except square feet Note: Definitions for commonly used terms on pages 27-29. (1) Represents 100% share of consolidated and unconsolidated joint ventures. See page 26 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, Washington 1000 for $85.6 million and Sunset Pier 94 Studios for $41.7 million. (5) Includes land and acquisition costs for Sunset Las Palmas Studios—Development for $20.8 million and Sunset Waltham Cross Studios for $165.3 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 12/31/23(4) Total Estimated Project Costs(4) Estimated Stabilized Yield Los Angeles, California Sunset Glenoaks Studios Sun Valley Q4-2021 Q1-2024 Q2-2024 241,000 —% $ 167,886 $190,000 - $200,000 7.5% - 8.0% Seattle, Washington Washington 1000 Denny Triangle Q2-2022 Q1-2024 Q2-2026 546,000 0.5% $ 239,844 $340,000 - $360,000 7.5% - 8.0% New York, New York Sunset Pier 94 Studios Manhattan Q3-2023 Q4-2025 Q3-2026 232,000 —% $ 71,511 $305,000 - $325,000 7.7% - 8.2% TOTAL 1,019,000 $ 479,241 FUTURE DEVELOPMENT PIPELINE Type Submarket Estimated Square Feet Project Costs as of 12/31/23(5) Los Angeles, California Sunset Las Palmas Studios—Development Studio Hollywood 617,581 $ 28,124 Sunset Gower Studios—Development Office/Studio Hollywood 478,845 $ 7,863 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 $ 293 Vancouver, British Columbia Burrard Exchange Office Downtown Vancouver 450,000 $ 7,559 Greater London, United Kingdom Sunset Waltham Cross Studios Studio Broxbourne 1,167,347 $ 278,184 TOTAL 3,233,589 $ 322,023

Page 26 of 32 Consolidated & Unconsolidated Ventures Venture Partner Submarket Square Feet(1) HPP Ownership % CONSOLIDATED VENTURES Los Angeles, California(2) Sunset Gower Studios Blackstone Hollywood 1,043,790 51.0 % Sunset Las Palmas Studios Blackstone Hollywood 999,152 51.0 % Sunset Bronson Studios Blackstone Hollywood 329,822 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 % San Francisco, California 1455 Market CPPIB San Francisco 1,033,682 55.0 % Ferry Building Allianz San Francisco 265,916 55.0 % Seattle, Washington 1918 Eighth CPPIB Denny Triangle 667,724 55.0 % Hill7 CPPIB Denny Triangle 285,310 55.0 % UNCONSOLIDATED VENTURES Los Angeles, California Sunset Glenoaks Studios Blackstone Sun Valley 241,000 50.0 % New York, New York Sunset Pier 94 Studios Blackstone/Vornado Manhattan 232,000 25.6 % Vancouver, British Columbia Bentall Centre(3) Blackstone Downtown Vancouver 1,971,084 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 December 31, 2023.

Page 27 of 32 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 December 31, 2023 by (ii) 12. On a per square foot basis, ABR is divided by square footage under commenced leases as of December 31, 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 December 31, 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 December 31, 2023. For studio properties, ABR reflects actual base rent for the 12 months ended December 31, 2023, excluding tenant reimbursements. ABR per leased square foot calculated as (i) annual base rent divided by (ii) square footage under lease as of December 31, 2023. Average Percent Occupied: For same-store office properties, represents the average percent occupied during the three months ended December 31, 2023. For same-store studio properties, represents the average percent leased for the 12 months ended December 31, 2023. Backfilled Office Leases: Defined as new leases with respect to occupied space executed on or prior to December 31, 2023, but with commencement dates after December 31, 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 SOFR or CORRA as of December 31, 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 14 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 December 31, 2023, no such election had been made.

Page 28 of 32 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.

Page 29 of 32 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 December 31, 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 December 31, 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 December 31, 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 December 31, 2023 defined as all properties owned and included in our stabilized office portfolio as of October 1, 2022 and still owned and included in the stabilized office portfolio as of December 31, 2023. Same- store office for the year ended December 31, 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 December 31, 2023. Same-Store Studio: Same-store studio for the three months ended December 31, 2023 defined as all properties owned and included in our stabilized studio portfolio as of October 1, 2022 and still owned and included in the stabilized studio portfolio as of December 31, 2023. Same-store studio for the year months ended December 31, 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 December 31, 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 December 31, 2023, but with commencement dates after December 31, 2023 and within the next eight quarters. Definitions (continued)

Page 30 of 32 Non-GAAP Reconciliations Unaudited, in thousands RECONCILIATION OF NET LOSS TO NOI Three Months Ended Year Ended 12/31/23 12/31/22 12/31/23 12/31/22 Net loss $ (88,654) $ (5,656) $ (170,700) $ (16,517) Adjustments: Loss (income) from unconsolidated real estate entities 1,683 788 3,902 (943) Fee income (1,155) (4,850) (6,181) (7,972) Interest expense 52,379 48,085 214,415 149,901 Interest income (775) (314) (2,182) (2,340) Management services reimbursement income—unconsolidated real estate entities (987) (1,004) (4,125) (4,163) Management services expense—unconsolidated real estate entities 987 1,004 4,125 4,163 Transaction-related expenses 194 3,643 (1,150) 14,356 Unrealized loss on non-real estate investments 851 378 3,120 1,440 Gain on extinguishment of debt — — (10,000) — Loss on sale of bonds 34,046 — 34,046 — (Gain) loss on sale of real estate (80,048) 1,984 (103,202) 2,164 Impairment loss 60,158 — 60,158 28,548 Other expense (income) 145 (4,904) 6 (8,951) Income tax provision 6,081 — 6,796 — General and administrative 19,781 17,323 74,958 79,501 Depreciation and amortization 103,192 96,518 397,846 373,219 NOI $ 107,878 $ 152,995 $ 501,832 $ 612,406 Add: HPP’s share of NOI from unconsolidated real estate entities 1,760 2,635 10,067 12,805 Less: NOI attributable to non-controlling interests 18,695 25,268 94,080 96,659 HPP’s Share of NOI $ 90,943 $ 130,362 $ 417,819 $ 528,552 NOI Detail Same-store office cash revenues $ 181,467 $ 186,089 $ 711,432 $ 712,256 Straight-line rent (11,424) (5,401) (17,225) 60 Amortization of above/below-market leases, net 1,444 1,611 6,119 7,827 Amortization of lease incentive costs (212) (293) (1,021) (1,416) Same-store office revenues 171,275 182,006 699,305 718,727 Same-store studios cash revenues 15,932 21,677 69,042 83,343 Straight-line rent 171 414 1,398 2,091 Amortization of lease incentive costs (9) (9) (37) (37) Same-store studio revenues 16,094 22,082 70,403 85,397 Same-store revenues 187,369 204,088 769,708 804,124 Same-store office cash expenses 70,802 67,797 269,726 258,708 Straight-line rent 376 402 1,566 1,610 Non-cash compensation expense 35 25 140 99 Amortization of above/below-market ground leases, net 676 675 2,704 2,695 Same-store office expenses 71,889 68,899 274,136 263,112 Same-store studio cash expenses 10,514 12,558 40,708 49,320 Non-cash compensation expense 113 240 452 449 Same-store studio expenses 10,627 12,798 41,160 49,769 Same-store expenses 82,516 81,697 315,296 312,881 Same-store NOI 104,853 122,391 454,412 491,243 Non-same-store NOI 3,025 30,604 47,420 121,163 NOI $ 107,878 $ 152,995 $ 501,832 $ 612,406

Page 31 of 32 Non-GAAP Reconciliations (continued) Unaudited, in thousands RECONCILIATIONS OF NET LOSS TO ADJUSTED EBITDARE (ANNUALIZED) AND TOTAL UNSECURED AND SECURED DEBT TO CONSOLIDATED DEBT, NET AND HPP’S SHARE OF DEBT, NET Three Months Ended 12/31/23 12/31/22 Net loss $ (88,654) $ (5,656) Interest income—consolidated (775) (314) Interest expense—consolidated 52,379 48,085 Depreciation and amortization—consolidated 103,192 96,518 EBITDA 66,142 138,633 Unconsolidated real estate entities depreciation and amortization 1,156 1,355 Unconsolidated real estate entities interest expense 1,746 1,524 EBITDAre 69,044 141,512 Impairment loss 60,158 — Unrealized loss on non-real estate investments 851 378 (Gain) loss on sale of real estate (80,048) 1,984 Other expense (income) 145 (4,904) Transaction-related expenses 194 3,643 Non-cash compensation expense 6,829 6,480 Straight-line rent receivables, net 11,819 (3,154) Non-cash amortization of above/below-market leases, net (1,471) (1,639) Non-cash amortization of above/below-market ground leases, net 688 689 Amortization of lease incentive costs 223 323 Loss on sale of bonds 34,046 — Income tax provision 6,081 — Adjusted EBITDAre 108,559 145,312 Studio cash NOI(1) 5,445 (9,119) Office adjusted EBITDAre 114,004 136,193 x Annualization factor 4 4 Annualized office adjusted EBITDAre 456,016 544,772 Trailing 12-month studio cash NOI(1) 3,654 34,952 Cash adjusted EBTIDAre for selected ratios 459,670 579,724 Less: Partners’ share of cash adjusted EBITDAre (90,038) (87,054) HPP’s share of cash adjusted EBITDAre $ 369,632 $ 492,670 Total Consolidated unsecured and secured debt 3,960,067 4,610,088 Less: Consolidated cash and cash equivalents (100,391) (255,761) Consolidated debt, net $ 3,859,676 $ 4,354,327 Less: Partners’ share of debt, net (564,616) (659,073) HPP’s share of debt, net $ 3,295,060 $ 3,695,254 Consolidated debt, net/cash adjusted EBITDAre for selected ratios 8.4x 7.5x HPP’s share of debt, net/HPP’s share of cash adjusted EBITDAre for selected ratios 8.9x 7.5x (1) Studio cash NOI and trailing 12-month studio cash NOI for the calculation of cash adjusted EBITDAre for the three months ended December 31, 2023 includes the studio cash NOI contribution from In-Service Studio and Quixote Studios & Services.

Page 32 of 32 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 12/31/23 12/31/22 Total assets $ 8,282,050 $ 9,319,140 Add: Accumulated depreciation 1,766,220 1,579,199 Add: Accumulated amortization 201,207 173,635 Less: Partners’ share of consolidated undepreciated book value (1,379,305) (1,544,646) Less: Investment in unconsolidated real estate entities (252,711) (180,572) Add: HPP’s share of unconsolidated undepreciated book value 404,442 317,058 HPP’s share of undepreciated book value $ 9,021,903 $ 9,663,814 Total consolidated unsecured and secured debt $ 3,960,067 $ 4,610,088 Less: Consolidated cash and cash equivalents (100,391) (255,761) Consolidated debt, net $ 3,859,676 $ 4,354,327 Less: Partners’ share of debt, net (564,616) (659,073) HPP’s share of debt, net $ 3,295,060 $ 3,695,254 HPP’s share of debt, net/HPP’s share of undepreciated book value 36.5 % 38.2 %