EX-99.2 3 q42024ex992.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, maintain an investment grade rating or maintain compliance with covenants under our financing arrangements; our failure to generate sufficient cash flows to service our outstanding indebtedness and maintain dividend payments; lack or insufficient amounts of insurance; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire or dispose and completing acquisitions or dispositions; 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; 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, 2024 Victor Coleman, Chairman and CEO, stated, "In 2024, we ended the year with office leasing nearly 20% higher compared to the prior year, comprised of more than 2.0 million square feet of activity. Importantly, our leasing pipeline is currently more than 2.0 million square feet, including nearly 800,000 square feet of later stage deals. Paired with robust touring, this momentum gives us confidence that we should see ongoing progress in our efforts to raise occupancy as we move through the year. AI related leasing as well as broader in-office mandates from major employers continue to drive companies to evaluate the need for additional space in well-located, high-quality properties. As for our studios, following a slower than anticipated start to production this year due to the wildfires in Los Angeles, we are beginning to see high-caliber shows returning and looking to ramp up production later in the year. There is also strong and growing sentiment coalescing around the California governor’s film and television tax credit program that would go into effect in the second half of 2025 and could stimulate additional demand." "Beyond our strong focus on driving office and studio leasing, our strategic priorities in 2025 are to continue to execute on asset sales, look for additional cost savings and further strengthen our balance sheet. We are committed to achieving our targets, which will optimally position Hudson Pacific for reinvigorated future earnings growth." Three Months Ended Unaudited, in thousands, except share data 12/31/24 12/31/23 OPERATIONAL HIGHLIGHTS Office In-service % occupied 78.3 % 80.8 % In-service % leased 78.9 % 81.9 % Leases executed (square feet) 441,924 431,980 % change in GAAP rent (6.0) % (2.1) % % change in cash rent (9.9) % (9.8) % Weighted average lease term (in months) 46.7 41.0 Net effective rent per square foot $ 45.75 $ 43.54 Studio In-service stage % leased 76.8 % 84.7 % In-service total % leased 73.8 % 80.4 % FINANCIAL HIGHLIGHTS Total revenues $ 209,666 $ 223,423 Net loss attributable to common stockholders $ (166,996) $ (97,993) Net loss per diluted share $ (1.18) $ (0.70) FFO (excluding specified items) per common stock/unit—diluted(1) $ 0.11 $ 0.14 FFO per common stock/unit—diluted(1) $ (0.64) $ 0.09 AFFO per common stock/unit—diluted(1) $ 0.02 $ 0.15 GAAP same-store NOI growth(2) (3.1) % (14.3) % Cash same-store NOI growth(2) (11.4) % (8.9) % Weighted average common stock/units outstanding—diluted 145,730 144,616 BALANCE SHEET HIGHLIGHTS HPP's share of debt, net/HPP's share of undepreciated book value(2) 38.7 % 36.5 % HPP's share of debt, net/cash adjusted EBITDAre for selected ratios(2) 11.1x 8.9x Weighted average years to maturity—HPP’s share of secured and unsecured debt 2.6 3.7 Unsecured revolving credit facility undrawn capacity(3) $ 455,000 $ 708,000 Unrestricted cash and cash equivalents $ 63,256 $ 100,391 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. (3) Reflects the first quarter 2025 unsecured revolving credit facility amendment effective beginning in fourth quarter 2024, following which lender commitments are $775 million compared to the prior amendment amount of $900 million.

Page 4 of 32 Executive Summary (continued) Three Months Ended December 31, 2024 Note: Definitions for commonly used terms on pages 27-29. Financial Results Compared to Fourth Quarter 2023 • Total revenue of $209.7 million compared to $223.4 million, largely due to the sale of One Westside and a single tenant move out at Maxwell, partially offset by improved studio service and other revenue from Quixote and Sunset Las Palmas • Net loss attributable to common stockholders of $167.0 million, or $1.18 per diluted share, compared to net loss of $98.0 million, or $0.70 per diluted share, primarily due to the aforementioned items affecting revenue, a non-cash, non-real-estate impairment associated with Quixote, a prior-year gain from the sale of One Westside, partially offset by a prior-year loss on the sale of bonds and improved interest expense • FFO, excluding specified items, of $15.5 million, or $0.11 per diluted share, compared to $19.6 million, or $0.14 per diluted share, due to the items affecting revenue, offset by improved interest expense. Specified items include a goodwill impairment and write-off of assets related to Quixote of $109.9 million or $0.75 per diluted share; a non-cash deferred tax asset adjustment of $2.1 million, or $0.01 per diluted share; and a one- time income tax expense at Bentall Centre stemming from a legislation change of $0.8 million, or $0.01 per diluted share; compared to specified items consisting of a non-cash deferred tax asset adjustment of $6.6 million, or $0.05 per diluted share, and transaction-related expense of $0.2 million, or $0.00 per diluted share • FFO of $(93.0) million, or $(0.64) per diluted share, compared to $12.8 million, or $0.09 per diluted share • AFFO of $3.6 million, or $0.02 per diluted share, compared to $21.5 million, or $0.15 per diluted share, primarily resulting from the items affecting FFO along with increased recurring capital expenditures • Same-store cash NOI of $94.2 million compared to $106.3 million, primarily due to lower office portfolio occupancy Leasing • Executed 76 new and renewal leases totaling 441,924 square feet, including a new direct lease with Salesforce's sub-tenant at Rincon Center for 83,000 square feet for an approximately 3-year term • GAAP and cash rents decreased 6.0% and 9.9% from prior levels, but would have decreased 2.8% and 4.3%, respectively, but for the aforementioned lease at Rincon Center • In-service office portfolio ended the quarter at 78.3% occupied and 78.9% leased, compared to 79.1% occupied and 80.0% leased in the prior quarter, with the change primarily resulting from a single tenant move out at Met Park North, but for which the occupied and leased percentages would have been 79.3% and 79.9%, respectively • On average over the trailing 12 months, the in-service studio portfolio was 73.8% leased, and the stages were 76.8% leased, compared to 73.8% and 75.9%, respectively, in the prior quarter, with the increase in stage leased percentage attributable to additional occupancy at Sunset Las Palmas Transactions • Sold 3176 Porter, a 47,000-square-foot office property in Palo Alto, California, for $24.8 million before prorations and closing costs • Subsequent to the quarter, sold Maxwell, a 103,000-square-foot office property in Los Angeles, California, for $46.0 million before prorations and closing costs • Net proceeds from both transactions used to repay amounts on the Company's unsecured revolving credit facility Balance Sheet as of December 31, 2024 • Subsequent to the quarter, amended the Company's unsecured revolving credit facility to favorably adjust certain definitions and covenant calculations beginning with the period ending December 31, 2024, in light of which lender commitments are $775 million compared to the prior amendment amount of $900 million. The facility matures in December 2026 (including extension options)

Page 5 of 32 Executive Summary (continued) Three Months Ended December 31, 2024 Note: Definitions for commonly used terms on pages 27-29. • Adjusted for the aforementioned amendment, the Company had $518.3 million of total liquidity comprised of $63.3 million of unrestricted cash and cash equivalents and $455.0 million of undrawn capacity under the unsecured revolving credit facility • The Company also had $153.4 million and $1.0 million, or $39.2 million and $0.5 million at HPP's share, of undrawn capacity under construction loans secured by Sunset Pier 94 and Sunset Glenoaks, respectively • HPP's share of net debt to HPP's share of undepreciated book value was 38.7% with 90.7% of debt fixed or capped, with no maturities until November 2025 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

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 Stefanie Bourne Executive Vice President, Studios Laura Campbell Executive Vice President, Investor Relations and Marketing Steven Jaffe Executive Vice President, Business Affairs Shawn McGarry Executive Vice President, Northern California Office Operations Anne Mehrtens Executive Vice President, Studio Real Estate and Southern 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) 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: 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 BMO Capital Markets John Kim (212) 885-4115 BTIG Tom Catherwood (212) 738-6140 Citigroup Global Markets Michael Griffin (212) 816-5871 Goldman Sachs Caitlin Burrows (212) 902-4736 Green Street Advisors Dylan Burzinski (949) 640-8780 Mizuho Securities Vikram Malhotra (212) 282-3827 Morgan Stanley Ronald Kamdem (212) 296-8319 Piper Sandler & Company Alexander Goldfarb (212) 466-7937

Page 8 of 32 Consolidated Balance Sheets In thousands, except share data 12/31/24 12/31/23 (Unaudited) ASSETS 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 — TOTAL ASSETS $ 8,132,239 $ 8,282,050 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 4,176,844 $ 3,945,314 Joint venture partner debt 66,136 66,136 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 — Total liabilities 4,954,508 4,720,881 Redeemable preferred units of the operating partnership 9,815 9,815 Redeemable non-controlling interest in consolidated real estate entities 49,279 57,182 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 12/31/24 and 12/31/23 425,000 425,000 Common stock, $0.01 par value, 481,600,000 authorized, 141,279,102 and 141,034,806 shares outstanding at 12/31/24 and 12/31/23, respectively 1,403 1,403 Additional paid-in capital 2,437,484 2,651,798 Accumulated other comprehensive loss (8,417) (187) Total HPP stockholders’ equity 2,855,470 3,078,014 Non-controlling interest—members in consolidated real estate entities 169,452 335,439 Non-controlling interest—units in the operating partnership 93,715 80,719 Total equity 3,118,637 3,494,172 TOTAL LIABILITIES AND EQUITY $ 8,132,239 $ 8,282,050

Page 9 of 32 Consolidated Statements of Operations In thousands, except per share data Three Months Ended Year Ended 12/31/24 12/31/23 12/31/24 12/31/23 (Unaudited) (Unaudited) (Unaudited) REVENUES Office Rental revenues $ 170,689 $ 191,319 $ 677,620 $ 797,095 Service and other revenues 3,531 3,545 14,656 15,280 Total office revenues 174,220 194,864 692,276 812,375 Studio Rental revenues 12,136 13,167 53,897 59,276 Service and other revenues 23,310 15,392 95,909 80,646 Total studio revenues 35,446 28,559 149,806 139,922 Total revenues 209,666 223,423 842,082 952,297 OPERATING EXPENSES Office operating expenses 77,896 80,676 305,649 312,018 Studio operating expenses 38,030 34,869 148,430 138,447 General and administrative 19,492 19,781 79,451 74,958 Depreciation and amortization 89,101 103,192 354,425 397,846 Total operating expenses 224,519 238,518 887,955 923,269 OTHER INCOME (EXPENSES) Loss from unconsolidated real estate entities (865) (1,683) (7,308) (3,902) Fee income 1,336 1,155 5,269 6,181 Interest expense (44,140) (52,379) (177,393) (214,415) Interest income 492 775 2,467 2,182 Management services reimbursement income—unconsolidated real estate entities 932 987 4,119 4,125 Management services expense—unconsolidated real estate entities (932) (987) (4,119) (4,125) Transaction-related expenses (193) (194) (2,499) 1,150 Unrealized loss on non-real estate investments (934) (851) (3,958) (3,120) (Loss) gain on sale of real estate (2,453) 80,048 (2,453) 103,202 Impairment loss (113,121) (60,158) (149,664) (60,158) Gain on extinguishment of debt — — — 10,000 Other income (expense) 198 (145) 1,647 (6) Loss on sale of bonds — (34,046) — (34,046) Total other expenses (159,680) (67,478) (333,892) (192,932) Loss before income tax benefit (provision) (174,533) (82,573) (379,765) (163,904) Income tax benefit (provision) 1,052 (6,081) (1,641) (6,796) Net loss (173,481) (88,654) (381,406) (170,700) 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) (20,188) Net income attributable to participating securities — — (409) (850) Net loss attributable to non-controlling interest in consolidated real estate entities 6,359 8,957 25,056 9,331 Net loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities 973 (14,854) 4,059 (12,520) Net loss attributable to common units in the operating partnership 4,353 1,758 9,357 3,358 NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (166,996) $ (97,993) $ (364,143) $ (192,181) BASIC AND DILUTED PER SHARE AMOUNTS Net loss attributable to common stockholders—basic (1.18) $ (0.70) (2.58) (1.36) Net loss attributable to common stockholders—diluted (1.18) $ (0.70) (2.58) (1.36) Weighted average shares of common stock outstanding—basic 141,234 140,941 141,193 140,953 Weighted average shares of common stock outstanding—diluted 141,234 140,941 141,193 140,953

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 12/31/24 12/31/23 12/31/24 12/31/23 Net loss $ (173,481) $ (88,654) $ (381,406) $ (170,700) Adjustments: Depreciation and amortization—consolidated 89,101 103,192 354,425 397,846 Depreciation and amortization—non-real estate assets (10,493) (7,865) (34,716) (33,389) Depreciation and amortization—HPP’s share from unconsolidated real estate entities 1,242 1,156 5,630 4,779 Loss (gain) on sale of real estate 2,453 (80,048) 2,453 (103,202) Loss on sale of bonds — 34,046 — 34,046 Impairment loss—real estate assets 5,506 60,158 42,049 60,158 Unrealized loss on non-real estate investments 934 851 3,958 3,120 FFO attributable to non-controlling interests (3,082) (4,857) (12,789) (42,335) FFO attributable to preferred shares and units (5,200) (5,200) (20,800) (20,800) FFO to common stock/unit holders (93,020) 12,779 (41,196) 129,523 Specified items impacting FFO: Transaction-related expenses — 194 2,306 (1,150) Non-cash deferred tax asset adjustment—HPP’s share (2,121) 6,626 (951) 10,142 One-time impact of tax legislation change 788 — — — Prior period net property tax adjustment—HPP’s share — — — (1,469) Goodwill impairment 107,615 — 107,615 — Write-off of transportation assets 2,236 — 2,236 — Non-cash revaluation associated with a loan swap (unqualified for hedge accounting) — — 3,529 — One-time straight-line rent reserve—HPP’s share — — 3,871 — 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 $ 15,498 $ 19,599 $ 77,410 $ 129,797 Weighted average common stock/units outstanding—diluted 145,730 144,616 145,603 144,552 FFO per common stock/unit—diluted $ (0.64) $ 0.09 $ (0.28) $ 0.90 FFO (excluding specified items) per common stock/unit—diluted $ 0.11 $ 0.14 $ 0.53 $ 0.90 Note: Definitions for commonly used terms on pages 27-29. ADJUSTED FUNDS FROM OPERATIONS Three Months Ended Year Ended 12/31/24 12/31/23 12/31/24 12/31/23 FFO (excluding specified items) $ 15,498 $ 19,599 $ 77,410 $ 129,797 Adjustments: GAAP non-cash revenue (straight-line rent and above/below- market rents) 339 6,306 4,515 (3,020) GAAP non-cash expense (straight-line rent expense and above/ below-market ground rent) 2,722 1,939 7,721 7,495 Non-real estate depreciation and amortization 8,257 7,865 32,480 33,389 Non-cash interest expense 1,679 1,572 6,888 14,394 Non-cash compensation expense 6,540 6,707 25,887 23,611 Recurring capital expenditures, tenant improvements and lease commissions (31,447) (22,514) (87,797) (89,997) AFFO $ 3,588 $ 21,474 $ 67,104 $ 115,669 Dividends paid to common stock/unit holders $ — $ — $ 15,377 $ 54,960 AFFO payout ratio — % — % 22.9 % 47.5 %

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 12/31/24 12/31/23 % Change 12/31/24 12/31/23 % Change Same-store office statistics Number of properties 39 39 38 38 Square feet 11,288,808 11,288,808 11,257,195 11,257,195 Average % occupied 76.3 % 79.1 % 76.9 % 82.9 % Same-store studio statistics Number of properties 3 3 3 3 Square feet 1,211,168 1,211,168 1,211,168 1,211,168 Average % leased 73.8 % 80.4 % 73.8 % 80.4 % Same-store NOI(1) Office revenues $ 156,895 $ 159,044 (1.4) % $ 622,312 $ 675,310 (7.8) % Office expenses 68,755 69,033 (0.4) 269,366 265,606 1.4 Same-store office NOI 88,140 90,011 (2.1) 352,946 409,704 (13.9) Studio revenues 15,792 16,094 (1.9) 70,173 70,403 (0.3) Studio expenses 11,452 10,627 7.8 45,437 41,160 10.4 Same-store studio NOI 4,340 5,467 (20.6) 24,736 29,243 (15.4) Total same-store NOI $ 92,480 $ 95,478 (3.1) % $ 377,682 $ 438,947 (14.0) % SAME-STORE ANALYSIS (CASH BASIS) Three Months Ended Year Ended 12/31/24 12/31/23 % Change 12/31/24 12/31/23 % Change Same-store NOI (cash basis) Office cash revenues $ 157,370 $ 168,873 (6.8) % $ 635,775 $ 686,529 (7.4) % Office cash expenses 67,734 67,983 (0.4) 265,260 261,345 1.5 Same-store office NOI (cash basis) 89,636 100,890 (11.2) 370,515 425,184 (12.9) Studio cash revenues 16,023 15,932 0.6 70,314 69,042 1.8 Studio cash expenses 11,422 10,514 8.6 45,274 40,708 11.2 Same-store studio NOI (cash basis) 4,601 5,418 (15.1) 25,040 28,334 (11.6) Total same-store NOI (cash basis) $ 94,237 $ 106,308 (11.4) % $ 395,555 $ 453,518 (12.8) % Note: Definitions for commonly used terms on pages 27-29. (1) See page 30 for non-GAAP reconciliations.

Page 12 of 32 NOI Detail Three Months Ended December 31, 2024 | Unaudited, in thousands Same-Store Office Same-Store Studio Non-Same- Store Office Non-Same- Store Studio Total REVENUE Cash rent $ 126,454 $ 10,135 $ 14,031 $ 2,080 $ 152,700 Cash tenant recoveries 27,591 152 3,054 — 30,797 Straight-line rent (863) (222) 27 — (1,058) Amortization of above/below-market leases, net 1,018 — 8 — 1,026 Amortization of lease incentive costs (630) (9) (1) — (640) Total rental revenue 153,570 10,056 17,119 2,080 182,825 Service and other revenues 3,325 5,736 206 17,574 26,841 Total revenue 156,895 15,792 17,325 19,654 209,666 OPERATING EXPENSES Property operating expenses 67,734 11,422 9,212 24,762 113,130 Straight-line rent 371 — (65) 1,801 2,107 Non-cash compensation expense 11 30 — 5 46 Amortization of above/below-market ground leases, net 639 — (6) 10 643 Total operating expenses 68,755 11,452 9,141 26,578 115,926 CONSOLIDATED NOI(1) $ 88,140 $ 4,340 $ 8,184 $ (6,924) $ 93,740 Add: HPP’s share of NOI from unconsolidated real estate entity(2) — — 1,843 — 1,843 Less: NOI attributable to non-controlling interests(2) 12,744 1,940 2 (299) 14,387 HPP’s share of NOI $ 75,396 $ 2,400 $ 10,025 $ (6,625) $ 81,196 Reconciliation to Cash NOI Consolidated NOI $ 88,140 $ 4,340 $ 8,184 $ (6,924) $ 93,740 Straight-line rent, net 1,234 222 (92) 1,801 3,165 Non-cash compensation expense 11 30 — 5 46 Amortization of above/below-market leases, net (1,018) — (8) — (1,026) Amortization of lease incentive costs 630 9 1 — 640 Amortization of above/below-market ground leases, net 639 — (6) 10 643 CONSOLIDATED CASH NOI $ 89,636 $ 4,601 $ 8,079 $ (5,108) $ 97,208 Add: HPP’s share of cash NOI from unconsolidated real estate entity(2) — — 1,571 — 1,571 Less: Cash NOI attributable to non-controlling interests(2) 12,812 2,068 2 (296) 14,586 HPP’s share of Cash NOI $ 76,824 $ 2,533 $ 9,648 $ (4,812) $ 84,193 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, 2024 | 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) 320,000 320,000 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 2,435,000 2,435,000 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 Sunset Glenoaks Studios(2) 99,600 49,800 SOFR + 3.10% 1/9/27 Hill7 101,000 55,550 3.38% 11/6/28 Total secured debt 1,752,667 976,982 Total unsecured and secured debt $ 4,187,667 $ 3,411,982 Consolidated joint venture partner debt $ 66,136 $ — 4.50% 10/9/32 UNCONSOLIDATED DEBT Bentall Centre(2) 450,551 90,110 CORRA + 2.30% 7/1/27 Sunset Pier 94 Studios(2) 29,783 7,610 SOFR + 4.75% 9/9/28 Total unconsolidated debt $ 480,334 $ 97,720 Note: Definitions for commonly used terms on pages 27-29. (1) Maturity dates include the effect of extension options. (2) As of December 31, 2024, we had undrawn capacity of $455.0 million on our unsecured revolving credit facility, $1.9 million on our Bentall Centre loan, $0.5 million on our Sunset Glenoaks Studios loan and $39.2 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 $ 4,187,667 Less: Consolidated cash and cash equivalents (63,256) Consolidated debt, net $ 4,124,411 Less: Partners' share of consolidated unsecured and secured debt (775,685) Add: HPP's share of unconsolidated real estate entities' debt 97,720 Add: Partners' share of consolidated cash and cash equivalents 20,930 Less: HPP's share of unconsolidated real estate entities' cash and cash equivalents (1,206) HPP's share of debt, net $ 3,466,170 HPP's share of debt, net/HPP's share of undepreciated book value(3) 38.7 % Consolidated debt, net/cash adjusted EBITDAre for selected ratios(3) 11.0x HPP's share of debt, net/HPP's share of cash adjusted EBITDAre for selected ratios(3) 11.1x

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 $2,435,000 69.4 % 4.6% 3.1 Secured 1,074,702 30.6 4.9 1.6 Total $3,509,702 100.0 % 4.7% 2.6 HPP’s share of fixed, capped, and floating rate debt Fixed(2) $3,132,292 89.3 % 4.5% 2.7 Capped 49,800 1.4 7.6 2.0 Floating 327,610 9.3 6.1 2.0 Total $3,509,702 100.0 % 4.7% 2.6 GAAP effective rate 4.9% Debt Maturity Schedule $259,000 $470,000 $456,000 $350,000 $500,000 $400,000 $— $340,865 $530,767 $139,910 $63,160 Secured Unsecured 2024 2025 2026 2027 2028 2029 2030 + 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 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. (3) Subsequent to the quarter, we entered into a new cap effective January 9, 2025 with a maturity date of January 9, 2026. HEDGING INSTRUMENTS Underlying Debt Instrument HPP Notional Amount Effective Date Maturity Date Strike/Swap Rate Underlying Index Interest rate swaps 1918 Eighth $172,865 2/1/23 10/18/25 3.75% SOFR Hollywood Media Portfolio, net $351,186 8/15/23 6/15/26 3.31% SOFR Bentall Centre $90,110 11/1/23 7/1/27 4.36% CORRA Hollywood Media Portfolio $180,000 2/9/24 8/9/26 4.13% SOFR Interest rate caps Sunset Glenoaks Studios(3) $50,300 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(2) Total liabilities to total asset value(3) ≤ 65% 46.5% Unsecured indebtedness to unencumbered asset value(3) ≤ 65% 41.5% Adjusted EBITDA to fixed charges ≥ 1.4x 1.7x Secured indebtedness to total asset value ≤ 45% 20.1% Unencumbered NOI to unsecured interest expense ≥ 1.75x 2.2x Private Placement (Series B, C, and D Notes) Total liabilities to total asset value ≤ 60% 54.6% Unsecured indebtedness to unencumbered asset value(3) ≤ 65% 58.8% Adjusted EBITDA to fixed charges ≥ 1.5x 1.7x Secured indebtedness to total asset value ≤ 45% 23.6% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.2x Unsecured registered senior notes Debt to total assets ≤ 60% 45.0% Total unencumbered assets to unsecured debt ≥ 150% 255.0% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 1.7x Secured debt to total assets ≤ 45% 19.4% (1) Covenants and actual performance reflect 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, 2024, at which time the operating partnership was in compliance. (2) The first quarter 2025 unsecured revolving credit facility amendment lowered the minimum required ratio of adjusted EBITDA to fixed charges from 1.5x to 1.4x and of unencumbered NOI to unsecured interest expense from 2.0x to 1.75x beginning in the fourth quarter 2024. The amendment also favorably adjusted certain definitions and covenant calculations for the purpose of determining total asset value and unencumbered asset value assets. (3) Based on the provisions of the prior fourth quarter 2023 amendment to the unsecured revolving credit facility, the total leverage and unsecured leverage thresholds were extended from 60% to 65% through December 31, 2024 (or until such time as private placement covenant calculations are amended to reflect the most recent credit facility covenant amendments, if sooner).

Page 16 of 32 Existing Portfolio Summary Three Months Ended 12/31/24 9/30/24 6/30/24 3/31/24 12/31/23 Number of office properties owned 45 46 46 46 46 In-service office square feet 13,550,348 13,684,033 13,858,966 13,852,533 13,853,005 In-service office % leased 78.9 % 80.0 % 80.0 % 80.5 % 81.9 % In-service office % occupied 78.3 % 79.1 % 78.7 % 79.0 % 80.8 % Number of studio properties owned 5 5 5 5 5 In-service studio square feet(1) 1,452,168 1,452,168 1,232,462 1,231,278 1,231,278 In-service studio % leased 73.8 % 73.8 % 76.1 % 76.9 % 80.4 % HPP's Share ABR % by Industry 36.5% 16.7%8.6% 7.6% 6.9% 5.8% 17.9% Technology Media & Entertainment Legal Retail Business Services Financial Services Other YTD HPP's Share NOI % by Region 40.1% 23.0% 17.0% 16.9% 3.0% Silicon Valley San Francisco Seattle Los Angeles Vancouver HPP's Share Tech ABR % by Public/ Private Tenants & Age 78.0% 13.5% 8.5% 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 235,323 square feet taken off-line for change of use and/or significant capital repositioning and held for sale Foothill Research Center in Palo Alto and Maxwell in Downtown Los Angeles. 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 % $ 66,953,699 $ 34,146,387 $ 69.22 West Los Angeles 2 783,795 94.2 94.5 41,303,953 41,303,953 55.97 Downtown Los Angeles 1 131,701 100.0 100.0 6,359,052 6,359,052 48.28 Subtotal 8 1,882,690 97.6 97.7 114,616,704 81,809,392 62.40 San Francisco Bay Area, California North San Jose 5 2,654,091 57.7 59.2 71,841,497 71,841,497 46.94 San Francisco 7 2,427,313 75.1 75.1 117,622,122 106,929,879 64.54 Palo Alto 5 904,705 88.3 88.3 67,948,744 67,948,744 85.10 Redwood Shores 4 949,827 72.7 73.2 46,598,217 46,598,217 67.52 Foster City 1 724,381 86.5 87.9 38,606,059 38,606,059 61.64 Santa Clara 1 284,903 70.8 73.1 10,085,953 10,085,953 50.03 Subtotal 23 7,945,220 71.4 72.2 352,702,592 342,010,349 62.21 Seattle, Washington Denny Triangle 4 1,339,621 89.1 89.2 51,326,995 32,478,919 42.99 Pioneer Square 5 845,658 64.6 64.6 22,247,538 22,247,538 40.70 Subtotal 9 2,185,279 79.6 79.7 73,574,533 54,726,457 42.27 Vancouver, British Columbia Downtown Vancouver 1 1,537,159 88.6 89.5 39,517,317 7,903,463 29.02 Subtotal 1 1,537,159 88.6 89.5 39,517,317 7,903,463 29.02 TOTAL IN-SERVICE 41 13,550,348 (1) 78.3 % 78.9 % $ 580,411,146 $ 486,449,661 $ 54.71

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 499,758 90.8 91.4 Element LA West Los Angeles 284,037 100.0 100.0 Fourth & Traction Downtown Los Angeles 131,701 100.0 100.0 San Francisco Bay Area, California Concourse North San Jose 941,616 64.9 68.4 Gateway North San Jose 609,554 67.1 68.4 Metro Plaza North San Jose 468,599 57.5 57.5 Skyport Plaza North San Jose 418,465 6.1 6.1 1740 Technology North San Jose 215,857 100.0 100.0 1455 Market San Francisco 1,038,134 60.4 60.4 Rincon Center San Francisco 531,721 97.8 97.8 Ferry Building San Francisco 266,402 98.3 98.9 901 Market San Francisco 204,381 54.6 54.6 875 Howard San Francisco 191,201 100.0 100.0 625 Second San Francisco 138,354 38.7 38.7 275 Brannan San Francisco 57,120 100.0 100.0 Palo Alto Square Palo Alto 318,166 95.7 95.7 3400 Hillview Palo Alto 207,857 100.0 100.0 Page Mill Hill Palo Alto 181,965 58.2 58.2 Clocktower Square Palo Alto 100,655 100.0 100.0 Page Mill Center Palo Alto 96,062 82.7 82.7 Towers at Shore Center Redwood Shores 334,695 82.5 82.5 Shorebreeze Redwood Shores 230,931 75.5 75.5 555 Twin Dolphin Redwood Shores 201,129 65.2 67.8 333 Twin Dolphin Redwood Shores 183,072 59.3 59.3 Metro Center Foster City 724,381 86.5 87.9 Techmart Santa Clara 284,903 70.8 73.1 Seattle, Washington 1918 Eighth Denny Triangle 667,724 99.4 99.4 Hill7 Denny Triangle 285,310 99.6 100.0 5th & Bell Denny Triangle 197,136 100.0 100.0 Met Park North Denny Triangle 189,451 25.9 25.9 505 First Pioneer Square 291,286 23.0 23.0 83 King Pioneer Square 186,366 73.3 73.3 450 Alaskan Pioneer Square 171,594 100.0 100.0 411 First Pioneer Square 164,799 95.3 95.3 95 Jackson Pioneer Square 31,613 45.8 45.8 Vancouver, British Columbia Bentall Centre Downtown Vancouver 1,537,159 88.6 89.5 TOTAL IN-SERVICE OFFICE 13,550,348 78.3 % 78.9 % Note: Definitions for commonly used terms on pages 27-29.

Page 19 of 32 Note: Definitions for commonly used terms on pages 27-29. (1) Google, Inc. expirations: (i) 182,672 square feet in February 2025 at Foothill Research Center (held-for-sale), (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 2026-February 2027) and (iv) 41,354 square feet at Ferry Building in October 2029. (2) 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. (3) Amazon expirations: (i) 659,150 square feet at 1918 Eighth in September 2030 and (ii) 191,814 square feet at 5th & Bell in May 2031. (4) Salesforce.com expirations: (i) 83,016 square feet in March 2025 (backfilled by Twilio effective April 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. (5) City and County of San Francisco expirations: (i) 4,100 square feet at 1455 Market in December 2024, (ii) 24,474 square feet at 1455 Market in June 2025, (iii) 39,573 square feet at 1455 Market in September 2033, (iv) 157,154 square feet at 1455 Market in April 2045 and (v) 706 square feet at Ferry Building in April 2067. (6) Dell EMC Corporation expirations: (i) 83,549 square feet at 875 Howard in June 2026 and (ii) 46,472 square feet at 505 First in January 2027. (7) 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. (8) PayPal, Inc. has an early termination right at Fourth & Traction in July 2026. (9) Bank of America expirations: (i) 68,991 square feet at 1455 Market in December 2024, (ii) 5,598 square feet at Palo Alto Square in March 2026, (iii) 122 square feet at Ferry Building in September 2026 and (iv) 6,188 square feet at Bentall Centre in January 2027. 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) $ 53,520,411 10.6% 2 Netflix, Inc. 3 2031 722,305 (2) 26,275,874 5.2 3 Amazon 2 2030-2031 850,964 (3) 24,114,735 4.8 4 Riot Games, Inc. 1 2030 284,037 19,520,478 3.9 5 Uber Technologies, Inc. 1 2025 325,445 19,169,077 3.8 6 Salesforce.com 1 2025-2028 265,394 (4) 15,339,075 3.0 7 Nutanix, Inc. 1 2030 215,857 11,680,792 2.3 8 City and County of San Francisco 2 2024-2067 226,007 (5) 9,198,343 1.8 9 Dell EMC Corporation 2 2026-2027 130,021 (6) 9,033,014 1.8 10 Coupa Software, Inc. 1 2033 100,654 7,841,953 1.6 11 GitHub, Inc. 2 2024-2030 92,450 (7) 7,298,651 1.4 12 PayPal, Inc. 1 2030 131,701 (8) 6,359,052 1.3 13 Weil, Gotshal & Manges LLP 1 2026 76,278 6,280,735 1.2 14 Bank of America 4 2024-2027 80,899 (9) 5,542,865 1.1 15 Glu Mobile, Inc. 1 2027 61,381 5,473,367 1.1 TOTAL 4,204,119 $ 226,648,422 44.9% 15 Largest Office Tenants

Page 20 of 32 Note: Definitions for commonly used terms on pages 27-29. (1) Trailing 12-month annualized base rent and occupancy will be available one year following construction completion in second quarter 2025. (2) Excludes 25,244 square feet taken off-line for change of use and/or significant capital repositioning. (3) Change in stage count and square footage primarily reflect closure of New Orleans operations consisting of 3 stages and approximately 63,000 square feet. 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 12 559,141 100.0 % 82.1 % $ 23,466,080 $ 11,967,701 $ 51.17 Sunset Bronson Studios Owned Hollywood 9 310,563 100.0 94.8 13,112,553 6,687,402 44.58 Sunset Las Palmas Studios Owned Hollywood 11 341,464 31.3 42.2 6,160,055 3,141,628 41.43 Sunset Glenoaks Studios(1) Owned Sun Valley 7 241,000 N/A N/A N/A N/A N/A TOTAL IN-SERVICE STUDIO 39 1,452,168 (2) 76.8 % 73.8 % $ 42,738,688 $ 21,796,731 $ 47.41 Quixote Studios(3) Various Various 24 606,234 33.0% 27.8% $11,035,819 $11,035,819 $ 64.68 Studio Properties & Services STUDIO NOI DETAIL ($ in thousands) Revenue Categories Quarter to Date Rental Studio Ancillary Pro Supplies Transportation Location Total Studio Revenues Total Studio Expenses Total Studio NOI In-Service Studio $10,102 $5,781 N/A N/A N/A $15,883 $12,145 $3,738 Quixote Studios & Services 2,034 6,260 2,023 8,033 1,213 19,563 25,885 (6,322) TOTAL $12,136 $12,041 $2,023 $8,033 $1,213 $35,446 $38,030 $(2,584)

Page 21 of 32 Office Leasing Activity Dollars reflected are per square foot Three Months Ended 12/31/24 Year Ended 12/31/24 Gross Leasing Activity New cash rate $48.08 $45.95 Renewal cash rate $49.40 $53.35 New square feet leased 261,141 1,212,377 Renewal square feet leased 180,783 816,965 Total square feet leased 441,924 2,029,342 Leases expired and terminated Contractual expiration square feet 176,132 1,115,478 Early termination square feet 171,596 488,882 Total square feet expired/terminated 347,728 1,604,360 GAAP rent expiring rate $48.57 $49.49 GAAP rent new/renewal rate $45.68 $48.47 % change in GAAP rent (6.0) % (2.1) % Cash rent expiring rate $53.54 $55.39 Cash rent new/renewal rate $48.23 $49.38 % change in cash rent (9.9) % (10.9) % Tenant improvements & leasing commissions (total / annual) New leases $38.56 / $8.40 $63.52 / $8.34 Renewal leases $14.73 / $4.99 $27.62 / $6.58 Blended $28.43 / $7.30 $49.12 / $7.86 Net effective rent New leases $44.27 $44.93 Renewal leases $47.75 $53.09 Blended $45.75 $48.21 Weighted average lease term (in months) New leases 55.1 91.4 Renewal leases 35.4 50.4 Blended 46.7 75.0 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) 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 3,680,019 3,548,244 Q4-2024 27 397,468 343,642 14,482,100 2.9 42.14 14,482,097 42.14 2024 27 397,468 343,642 14,482,100 2.9 42.14 14,482,097 42.14 2025(2) 169 1,759,377 1,516,950 89,366,696 17.5 58.91 89,721,921 59.15 2026 134 808,117 751,826 46,531,275 9.2 61.89 48,067,093 63.93 2027 144 1,215,055 1,058,593 65,010,492 12.8 61.41 69,384,772 65.54 2028 89 1,284,325 1,094,915 77,429,902 15.2 70.72 84,328,100 77.02 2029 76 689,863 543,344 35,354,571 7.0 65.07 39,692,288 73.05 2030 47 1,771,251 1,413,108 79,227,916 15.6 56.07 88,813,407 62.85 2031 27 1,150,121 714,662 44,447,635 8.8 62.19 54,512,519 76.28 2032 12 255,910 153,974 9,157,909 1.8 59.48 11,247,083 73.05 2033 18 558,618 450,353 24,086,655 4.7 53.48 30,014,450 66.65 Thereafter 37 665,683 444,872 19,609,461 3.9 44.08 28,315,644 63.65 Building management use 59 290,214 262,230 — — — — — Signed leases not commenced 21 84,153 71,349 3,126,853 0.6 43.82 3,663,336 51.34 TOTAL/ WEIGHTED AVERAGE 860 14,610,174 12,368,062 $ 507,831,465 100.0 % $ 57.58 $ 562,242,710 $ 63.75 Note: Definitions for commonly used terms on pages 27-29. (1) Total expiring square footage does not include month-to-month leases. (2) Includes 182,672 square feet related to the Google, Inc. lease at Foothill Research Center (held-for-sale).

Page 23 of 32 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters 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 2,819 $ 66.00 — $ — — $ — — $ — San Francisco Bay Area, California 27,433 45.21 31,555 35.93 6,291 75.00 — — Seattle, Washington 1,218 20.00 758 17.00 — — — — Vancouver, British Columbia 8,696 26.74 5,383 26.01 — — — — TOTAL 40,166 $ 41.91 37,696 $ 34.13 6,291 $ 75.00 — $ — Backfilled Office Leases Los Angeles, California — $ — — $ — — $ — — $ — San Francisco Bay Area, California 15,863 53.19 85,895 40.02 4,179 75.00 — — Seattle, Washington 43,755 28.78 14,942 31.47 — — — — Vancouver, British Columbia 3,524 32.38 — — — — 4,921 42.40 TOTAL 63,142 $ 35.12 100,837 $ 38.76 4,179 $ 75.00 4,921 $ 42.40 Expiring Office Leases(1) Los Angeles, California 4,898 $ — 9,288 $ 61.73 10,163 $ 72.85 29,747 $ 59.45 San Francisco Bay Area, California 691,113 64.82 (2) 202,251 48.58 (3) 181,059 68.55 184,182 59.05 Seattle, Washington 62,826 49.57 (4) 172,444 46.45 (5) 3,320 — 5,495 29.57 Vancouver, British Columbia 48,526 6.61 61,741 27.82 44,644 31.67 47,680 34.42 TOTAL 807,363 $ 59.74 445,724 $ 45.15 239,186 $ 60.90 267,104 $ 54.09 Q1 2026 Q2 2026 Q3 2026 Q4 2026 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(1) Los Angeles, California 57,560 $ 63.64 5,197 $ 71.18 9,807 $ 64.56 26,211 $ 73.98 San Francisco Bay Area, California 141,339 63.68 175,686 71.96 (6) 188,209 67.51 (7) 77,892 66.48 Seattle, Washington 51,036 26.55 — — 5,121 39.38 1,612 40.17 Vancouver, British Columbia 28,178 29.80 12,808 25.82 15,816 32.15 11,645 26.28 TOTAL 278,113 $ 53.43 193,691 $ 68.89 218,953 $ 64.16 117,360 $ 63.81

Page 24 of 32 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters (continued) Note: Definitions for commonly used terms on pages 27-29. (1) Excludes building management offices with various expiration dates. (2) Includes Uber Technologies, Inc. for 325,445 square feet at 1455 Market and Google, Inc. for 182,672 square feet at Foothill Research Center (held-for-sale) both in February 2025 and Salesforce.com at Rincon Center for 83,016 square feet in March 2025 (backfilled by Twilio effective April 2025). (3) Includes TDK Corporation of America/Invensense at Concourse for 86,534 square feet in April 2025. (4) Includes WeWork Companies Inc. at Hill7 for 54,336 square feet in February 2025. (5) Includes HBO Code Labs, Inc. at Hill7 for 112,222 square feet in May 2025. (6) Includes Dell EMC Corporation at 875 Howard for 83,549 square feet in June 2026. (7) Includes Weil, Gotshal & Manges LLP at Towers at Shore Center for 76,278 square feet in August 2026.

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 Pier 94 Studios for $41.7 million. (5) Trailing 12-month leased percentage for Sunset Pier 94 Studios will be disclosed one year following completion. (6) Includes land and acquisition costs for Sunset Las Palmas Studios—Development for $20.8 million and Sunset Waltham Cross Studios for $162.5 million. (7) Pending entitlement to develop approximately 500 residential units. FUTURE DEVELOPMENT PIPELINE Type Submarket Estimated Square Feet Project Costs as of 12/31/24(6) Los Angeles, California Sunset Las Palmas Studios—Development Studio Hollywood 617,581 $ 29,149 Sunset Gower Studios—Development Office/Studio Hollywood 478,845 $ 7,891 Sunset Bronson Studios Lot D—Development Residential Hollywood 33 units/19,816 $ — Element LA—Development Office West Los Angeles 500,000 $ — 10900-10950 Washington(7) Residential West Los Angeles N/A $ 1,085 Vancouver, British Columbia Burrard Exchange Office Downtown Vancouver 450,000 $ 6,986 Greater London, United Kingdom Sunset Waltham Cross Studios Studio Broxbourne 1,167,347 $ 297,319 TOTAL 3,233,589 $ 342,430 Recently Completed Submarket Completion Date Estimated Stabilization Date Estimated Square Feet % Occupied % Leased Seattle, Washington Washington 1000 Denny Triangle Q4-2024 Q3-2026 546,000 0.5% 0.6% TOTAL 546,000 IN PROCESS DEVELOPMENT Under Construction Submarket Start Date(2) Estimated Completion Date(3) Estimated Stabilization Date Estimated Square Feet % Leased Project Costs as of 12/31/24(4) Total Estimated Project Costs(4) Estimated Stabilized Yield New York, New York Sunset Pier 94 Studios(5) Manhattan Q3-2023 Q4-2025 Q3-2026 232,000 —% $ 194,578 $305,000 - $325,000 7.7% - 8.2% TOTAL 232,000 $ 194,578

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 1,044,636 51.0 % Sunset Las Palmas Studios Blackstone Hollywood 977,639 51.0 % Sunset Bronson Studios Blackstone Hollywood 330,379 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 % Sunset Glenoaks Studios Blackstone Sun Valley 241,000 50.0 % San Francisco, California Ferry Building Allianz San Francisco 266,402 55.0 % Seattle, Washington 1918 Eighth CPPIB Denny Triangle 667,724 55.0 % Hill7 CPPIB Denny Triangle 285,310 55.0 % UNCONSOLIDATED VENTURES New York, New York Sunset Pier 94 Studios Blackstone/Vornado Manhattan 232,000 25.6 % Vancouver, British Columbia Bentall Centre(3) Blackstone Downtown Vancouver 1,987,159 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) With the exception of Sunset Glenoaks Studios, 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, 2024.

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, 2024 by (ii) 12. On a per square foot basis, ABR is divided by square footage under commenced leases as of December 31, 2024. 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, 2024. 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, 2024. For studio properties, ABR reflects actual base rent for the 12 months ended December 31, 2024, 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, 2024. Average Percent Occupied: For same-store office properties, represents the average percent occupied during the three months ended December 31, 2024. For same-store studio properties, represents the average percent leased for the 12 months ended December 31, 2024. Backfilled Office Leases: Defined as new leases with respect to occupied space executed on or prior to December 31, 2024, but with commencement dates after December 31, 2024, 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, 1918 Eighth and Sunset Glenoaks Studios joint ventures. Dilutive Shares: Represents an estimate of the total shares and units issuable under our 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, 2024, 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, 2024, 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. Studio development properties are incorporated into the in-service portfolio the earlier of one year following completion or the project’s estimated stabilization date. Office development properties are incorporated into the in-service portfolio the earlier of 92% occupancy or the project’s estimated stabilization date. Net Effective Rent: Weighted average straight-line annual cash rent, net of annualized tenant improvements and lease commissions. Triple net (NNN) and modified gross base rents are adjusted to include estimated annual expenses consistent with those included in comparable full service gross base rents. 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, 2024, the Company owned 95.2% 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, 2024, 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, 2024. 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. Same-Store Office: Same-store office for the three months ended December 31, 2024 defined as all properties owned and included in our stabilized office portfolio as of October 1, 2023 and still owned and included in the stabilized office portfolio as of December 31, 2024. Same- store office for the year ended December 31, 2024 defined as all properties owned and included in our stabilized office portfolio as of January 1, 2023 and still owned and included in the stabilized office portfolio as of December 31, 2024. Same-Store Studio: Same-store studio for the three months ended December 31, 2024 defined as all properties owned and included in our stabilized studio portfolio as of October 1, 2023 and still owned and included in the stabilized studio portfolio as of December 31, 2024. Same-store studio for the year months ended December 31, 2024 defined as all properties owned and included in our stabilized studio portfolio as of January 1, 2023 and still owned and included in the stabilized studio portfolio as of December 31, 2024. 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, 2024, but with commencement dates after December 31, 2024 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 12/31/24 12/31/23 12/31/24 12/31/23 Net loss $ (173,481) $ (88,654) $ (381,406) $ (170,700) Adjustments: Loss from unconsolidated real estate entities 865 1,683 7,308 3,902 Fee income (1,336) (1,155) (5,269) (6,181) Interest expense 44,140 52,379 177,393 214,415 Interest income (492) (775) (2,467) (2,182) Management services reimbursement income—unconsolidated real estate entities (932) (987) (4,119) (4,125) Management services expense—unconsolidated real estate entities 932 987 4,119 4,125 Transaction-related expenses 193 194 2,499 (1,150) Unrealized loss on non-real estate investments 934 851 3,958 3,120 Gain on extinguishment of debt — — — (10,000) Loss on sale of bonds — 34,046 — 34,046 Loss (gain) on sale of real estate 2,453 (80,048) 2,453 (103,202) Impairment loss 113,121 60,158 149,664 60,158 Other (income) expense (198) 145 (1,647) 6 Income tax (benefit) provision (1,052) 6,081 1,641 6,796 General and administrative 19,492 19,781 79,451 74,958 Depreciation and amortization 89,101 103,192 354,425 397,846 NOI $ 93,740 $ 107,878 $ 388,003 $ 501,832 Add: HPP’s share of NOI from unconsolidated real estate entities 1,843 1,760 10,111 10,066 Less: NOI attributable to non-controlling interests 14,387 18,695 60,404 94,080 HPP’s share of NOI $ 81,196 $ 90,943 $ 337,710 $ 417,818 NOI Detail Same-store office cash revenues $ 157,370 $ 168,873 $ 635,775 $ 686,529 Straight-line rent (863) (11,098) (16,575) (16,469) Amortization of above/below-market leases, net 1,018 1,307 4,455 5,573 Amortization of lease incentive costs (630) (38) (1,343) (323) Same-store office revenues 156,895 159,044 622,312 675,310 Same-store studios cash revenues 16,023 15,932 70,314 69,042 Straight-line rent (222) 171 (104) 1,398 Amortization of lease incentive costs (9) (9) (37) (37) Same-store studio revenues 15,792 16,094 70,173 70,403 Same-store revenues 172,687 175,138 692,485 745,713 Same-store office cash expenses 67,734 67,983 265,260 261,345 Straight-line rent 371 376 1,490 1,566 Non-cash compensation expense 11 35 61 140 Amortization of above/below-market ground leases, net 639 639 2,555 2,555 Same-store office expenses 68,755 69,033 269,366 265,606 Same-store studio cash expenses 11,422 10,514 45,274 40,708 Non-cash compensation expense 30 113 163 452 Same-store studio expenses 11,452 10,627 45,437 41,160 Same-store expenses 80,207 79,660 314,803 306,766 Same-store NOI 92,480 95,478 377,682 438,947 Non-same-store NOI 1,260 12,400 10,321 62,885 NOI $ 93,740 $ 107,878 $ 388,003 $ 501,832

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 12/31/24 12/31/23 Net loss $ (173,481) $ (88,654) Interest income—consolidated (492) (775) Interest expense—consolidated 44,140 52,379 Depreciation and amortization—consolidated 89,101 103,192 EBITDA (40,732) 66,142 Unconsolidated real estate entities depreciation and amortization 1,242 1,156 Unconsolidated real estate entities interest expense 1,315 1,746 EBITDAre (38,175) 69,044 Impairment loss 113,121 60,158 Unrealized loss on non-real estate investments 934 851 Loss (gain) on sale of real estate 2,453 (80,048) Other (income) expense (198) 145 Transaction-related expenses 193 194 Non-cash compensation expense 6,563 6,829 Straight-line rent receivables, net 3,105 11,819 Non-cash amortization of above/below-market leases, net (1,026) (1,471) Non-cash amortization of above/below-market ground leases, net 640 688 Amortization of lease incentive costs 641 223 Loss on sale of bonds — 34,046 Income tax (benefit) provision (1,052) 6,081 Adjusted EBITDAre 87,199 108,559 Studio cash NOI 507 5,445 Office adjusted EBITDAre 87,706 114,004 x Annualization factor 4 4 Annualized office adjusted EBITDAre 350,824 456,016 Trailing 12-month studio cash NOI(1) 24,328 3,654 Cash adjusted EBTIDAre for selected ratios 375,152 459,670 Less: Partners’ share of cash adjusted EBITDAre (62,433) (90,038) HPP’s share of cash adjusted EBITDAre $ 312,719 $ 369,632 Total Consolidated unsecured and secured debt 4,187,667 3,960,067 Less: Consolidated cash and cash equivalents (63,256) (100,391) Consolidated debt, net $ 4,124,411 $ 3,859,676 Less: Partners’ share of debt, net (658,242) (564,616) HPP’s share of debt, net $ 3,466,169 $ 3,295,060 Consolidated debt, net/cash adjusted EBITDAre for selected ratios 11.0x 8.4x HPP’s share of debt, net/HPP’s share of cash adjusted EBITDAre for selected ratios 11.1x 8.9x (1) Trailing 12-month studio cash NOI for the calculation of cash adjusted EBITDAre for the three months ended December 31, 2024 includes the studio cash NOI contribution from in-service studio properties but excludes Quixote studios and 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 12/31/24 12/31/23 Total assets $ 8,132,239 $ 8,282,050 Add: Accumulated depreciation 1,929,290 1,766,220 Add: Accumulated amortization 199,955 201,207 Less: Partners’ share of consolidated undepreciated book value (1,402,911) (1,379,305) Less: Investment in unconsolidated real estate entities (221,468) (252,711) Add: HPP’s share of unconsolidated undepreciated book value 327,034 404,442 HPP’s share of undepreciated book value $ 8,964,139 $ 9,021,903 Total consolidated unsecured and secured debt $ 4,187,667 $ 3,960,067 Less: Consolidated cash and cash equivalents (63,256) (100,391) Consolidated debt, net $ 4,124,411 $ 3,859,676 Less: Partners’ share of debt, net (658,242) (564,616) HPP’s share of debt, net $ 3,466,169 $ 3,295,060 HPP’s share of debt, net/HPP’s share of undepreciated book value 38.7 % 36.5 %