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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Investment in real estate, at cost $ 8,233,286 $ 8,212,896
Accumulated depreciation and amortization (1,791,108) (1,728,437)
Investment in real estate, net 6,442,178 6,484,459
Non-real estate property, plant and equipment, net 127,067 118,783
Cash and cash equivalents 63,256 100,391
Restricted cash 35,921 18,765
Accounts receivable, net 14,505 24,609
Straight-line rent receivables, net 199,748 220,787
Deferred leasing costs and intangible assets, net 327,514 326,950
Operating lease right-of-use assets 370,826 376,306
Prepaid expenses and other assets, net 90,114 94,145
Investment in unconsolidated real estate entities 221,468 252,711
Goodwill 156,529 264,144
Assets associated with real estate held for sale 83,113 0
TOTAL ASSETS 8,132,239 8,282,050
Liabilities    
Accounts payable, accrued liabilities and other 193,861 203,736
Operating lease liabilities 380,004 389,210
Intangible liabilities, net 21,838 27,751
Security deposits, prepaid rent and other 84,708 88,734
Liabilities associated with real estate held for sale 31,117 0
Total liabilities 4,954,508 4,720,881
Commitments and contingencies (Note 21)
Redeemable preferred units of the operating partnership 9,815 9,815
Redeemable non-controlling interest in consolidated real estate entities 49,279 57,182
Hudson Pacific Properties, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 481,600,000 authorized, 141,279,102 and 141,034,806 shares outstanding at December 31, 2024 and 2023, respectively 1,403 1,403
Additional paid-in capital 2,437,484 2,651,798
Accumulated other comprehensive loss (8,417) (187)
Total Hudson Pacific Properties, Inc. stockholders’ equity 2,855,470 3,078,014
Total equity 3,118,637 3,494,172
TOTAL LIABILITIES AND CAPITAL 8,132,239 8,282,050
Non-controlling interest—members in consolidated real estate entities    
Hudson Pacific Properties, Inc. stockholders’ equity:    
Non-controlling interest 169,452 335,439
Non-controlling interest—units in the operating partnership    
Hudson Pacific Properties, Inc. stockholders’ equity:    
Non-controlling interest 93,715 80,719
4.750% Series C Cumulative Redeemable Preferred Stock    
Hudson Pacific Properties, Inc. 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 December 31, 2024 and 2023 425,000 425,000
Unsecured and secured debt, net    
Liabilities    
Debt, net 4,176,844 3,945,314
Joint venture partner debt    
Liabilities    
Debt, net $ 66,136 $ 66,136