XML 37 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Investment in real estate, at cost $ 7,963,399 $ 8,233,286
Accumulated depreciation and amortization (1,927,794) (1,791,108)
Investment in real estate, net 6,035,605 6,442,178
Non-real estate property, plant and equipment, net 131,640 127,067
Cash and cash equivalents 190,436 63,256
Restricted cash 24,011 35,921
Accounts receivable, net 14,080 14,505
Straight-line rent receivables, net 204,880 199,748
Deferred leasing costs and intangible assets, net 361,610 327,514
Operating lease right-of-use assets 338,368 370,826
Prepaid expenses and other assets, net 95,278 90,114
Investment in unconsolidated real estate entities 243,353 221,468
Goodwill 156,529 156,529
Assets associated with real estate held for sale 0 83,113
TOTAL ASSETS 7,795,790 8,132,239
Liabilities    
Accounts payable, accrued liabilities and other 243,821 193,861
Operating lease liabilities 350,736 380,004
Intangible liabilities, net 18,777 21,838
Security deposits, prepaid rent and other 75,813 84,708
Liabilities associated with real estate held for sale 0 31,117
Total liabilities 4,310,391 4,954,508
Commitments and contingencies (Note 20)
Redeemable preferred units of the operating partnership 2,795 9,815
Redeemable non-controlling interest in consolidated real estate entities 49,266 49,279
Hudson Pacific Properties, Inc. stockholders' equity:    
Common stock, $0.01 par value, 722,400,000 authorized and 379,433,295 shares outstanding at September 30, 2025; 481,600,000 authorized and 141,279,102 shares outstanding at December 31, 2024 3,781 1,403
Additional paid-in capital 2,822,616 2,437,484
Accumulated other comprehensive loss (3,261) (8,417)
Total Hudson Pacific Properties, Inc. stockholders’ equity 3,248,136 2,855,470
Total equity 3,433,338 3,118,637
TOTAL LIABILITIES AND CAPITAL 7,795,790 8,132,239
Non-controlling interest—members in consolidated real estate entities    
Hudson Pacific Properties, Inc. stockholders' equity:    
Non-controlling interest 73,700 169,452
Non-controlling interest—units in the operating partnership    
Hudson Pacific Properties, Inc. stockholders' equity:    
Non-controlling interest 111,502 93,715
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 September 30, 2025 and December 31, 2024 425,000 425,000
Unsecured and secured debt, net    
Liabilities    
Debt, net 3,555,108 4,176,844
Joint venture partner debt    
Liabilities    
Debt, net $ 66,136 $ 66,136