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Equity (Tables) | 3 Months Ended
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Mar. 31, 2025
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, 2024 |  | $ | 2,785 |  |  | $ | (11,202) |  |  | $ | (8,417) |
Unrealized (loss) gain recognized in AOCI |  | (907) |  |  | 3,306 |  |  | 2,399 |
Reclassification from AOCI into income(1) |  | (1,056) |  |  | — |  |  | (1,056) |
Net change in AOCI |  | (1,963) |  |  | 3,306 |  |  | 1,343 |
BALANCE AT MARCH 31, 2025 |  | $ | 822 |  |  | $ | (7,896) |  |  | $ | (7,074) |
__________________ 1. The gains and losses on the Company’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statement 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, 2024 |  | $ | 2,889 |  |  | $ | (11,602) |  |  | $ | (8,713) |
Unrealized (loss) gain recognized in AOCI |  | (972) |  |  | 3,539 |  |  | 2,567 |
Reclassification from AOCI into income(1) |  | (1,130) |  |  | — |  |  | (1,130) |
Net change in AOCI |  | (2,102) |  |  | 3,539 |  |  | 1,437 |
BALANCE AT MARCH 31, 2025 |  | $ | 787 |  |  | $ | (8,063) |  |  | $ | (7,276) |
__________________ 1. The gains and losses on the operating partnership’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statement 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:
| March 31, 2025 |  | December 31, 2024
Company-owned common units in the operating partnership | 141,392,410 |  |  | 141,279,102 |
Company’s ownership interest percentage | 96.5 | % |  | 97.4 | %
Non-controlling common units in the operating partnership(1) | 5,072,881 |  |  | 3,796,346 |
Non-controlling ownership interest percentage | 3.5 | % |  | 2.6 | %
_________________ 1. Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of March 31, 2025, this amount represents both common units and performance units of 550,969 and 4,521,912, respectively. As of December 31, 2024, this amount represents both common units and performance units in the amount of 550,969 and 3,245,377, respectively.
Schedule of Dividends | The following table summarizes dividends per share declared and paid for the periods presented:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Common stock(1) | $ | — |  |  | $ | 0.05 |  |  |  |  |
Common units and vested performance units(1) | $ | — |  |  | $ | 0.05 |  |  |  |  |
Series A preferred units | $ | 0.3906 |  |  | $ | 0.3906 |  |  |  |  |
Series C preferred stock | $ | 0.296875 |  |  | $ | 0.296875 |  |  |  |  |
Unvested performance units(2) | $ | — |  |  | $ | 0.005 |  |  |  |  |
Payment date | March 31, 2025 |  | March 28, 2024 |  |  |  |
Record date | March 21, 2025 |  | March 18, 2024 |  |  |  |
_________________ 1. The Company did not pay a quarterly common stock dividend during the first quarter of 2025. As a result, no quarterly common unit and performance unit dividends were paid. 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 declared dividends, with the remainder payable as soon as practicable after the vesting date. During the three months ended March 31, 2025, the Company paid $0.4 million of accrued dividends related to the performance units that vested on December 31, 2024.

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- Definition 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 + Details
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- Definition Tabular disclosure of other units or shares or classes of ownership in a partnership. + References 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 + Details
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