HPP - Hudson Pacific Properties, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$13.28
DETAILS
HIGH:
$26.00
LOW:
$8.00
MEDIAN:
$11.50
CONSENSUS:
$13.28
UPSIDE:
18.25%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 831.1 | 842.1 | 952.3 | 1,026.2 | 896.8 | 805.7 | 817.4 | 728.4 | 728.1 | 639.6 | 520.9 | 253.4 | 205.6 | 166.2 | 142.2 | 60.6 | 44.5 | 35.6 | 7.0 |
| Cost of Revenue | 1,181.3 | 454.1 | 450.5 | 413.8 | 335.8 | 300.2 | 302.2 | 268.2 | 254.1 | 229.1 | 189.9 | 104.3 | 89.0 | 76.0 | 67.2 | 30.0 | 25.8 | 17.3 | 4.0 |
| Gross Profit | (350.2) | 388.0 | 501.8 | 612.4 | 561.0 | 505.5 | 515.2 | 460.2 | 474.0 | 410.5 | 331.0 | 149.1 | 116.5 | 90.2 | 75.0 | 30.6 | 18.7 | 18.2 | 2.9 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 73.0 | 79.5 | 75.0 | 79.5 | 71.3 | 77.9 | 71.9 | 61.0 | 54.5 | 52.4 | 38.5 | 28.3 | 20.0 | 16.5 | 13.0 | 4.5 | (1.3) | 2.1 | 0.6 |
| Other Expenses | (375.6) | 354.4 | 397.8 | 373.2 | 343.6 | 0 | 0 | 251.0 | 283.6 | 269.1 | 245.1 | 72.2 | 68.6 | 0 | 42.0 | 15.9 | 12.2 | 6.6 | 0.7 |
| Operating Expenses | (302.6) | 433.9 | 472.8 | 452.7 | 415.0 | 77.9 | 71.9 | 312.0 | 338.0 | 321.5 | 283.6 | 100.5 | 90.0 | 71.2 | 55.0 | 20.4 | 10.9 | 8.7 | 1.4 |
| Operating Income | |||||||||||||||||||
| Operating Income | (47.6) | (45.9) | 29.0 | 159.7 | 146.0 | 427.6 | 443.3 | 148.7 | 136.6 | 89.4 | 47.4 | 48.7 | 28.0 | 14.7 | 17.3 | 10.2 | 7.8 | 9.6 | 1.6 |
| Interest Expense | 172.2 | 177.4 | 214.4 | 149.9 | 121.9 | 0 | 0 | 83.2 | 90.0 | 76.0 | 50.7 | 25.9 | 25.5 | 19.1 | 17.5 | 8.8 | 8.8 | 10.2 | 3.9 |
| Interest Income | 6.2 | 2.5 | 2.2 | 2.3 | 3.8 | 4.1 | 4.0 | 1.7 | 0.1 | 0.3 | 0.1 | 0.0 | 0.3 | 0.3 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||||||||||
| EBITDA | (45.4) | 152.1 | 448.4 | 506.6 | 494.6 | 379.0 | 387.7 | 400.6 | 462.1 | 358.5 | 292.5 | 120.9 | 98.0 | 71.7 | 64.4 | 22.1 | 18.8 | 16.5 | 2.3 |
| EBIT | (420.4) | (202.4) | 50.5 | 133.4 | 151.0 | 127.9 | 161.2 | 189.0 | 178.6 | 115.3 | 29.8 | 49.6 | 26.9 | 13.6 | 11.9 | 6.1 | 7.8 | 9.6 | 1.6 |
| Income Before Tax | (592.6) | (379.8) | (163.9) | (16.5) | 29.0 | 16.4 | 55.8 | 111.8 | 94.6 | 43.8 | (16.1) | 23.7 | 1.4 | (5.0) | (5.6) | (2.7) | 8.4 | 8.7 | 0 |
| Income Tax Expense | (0.3) | 1.6 | 6.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | (3.4) | 0 | 8.3 | 10.4 | 2.3 |
| Net Income | (551.7) | (343.3) | (173.9) | (35.0) | 10.1 | 2.0 | 44.0 | 99.4 | 69.2 | 28.6 | 2.0 | 23.0 | (2.3) | (4.3) | (3.0) | (2.8) | (0.6) | (1.7) | (2.3) |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | -12.81 | -18.06 | -9.52 | -2.73 | 0.28 | 0.02 | 1.96 | 4.41 | 3.08 | 1.82 | -1.33 | 1.05 | -1.89 | -2.87 | -2.45 | -0.84 | -0.21 | -0.59 | -0.77 |
| EPS (Diluted) | -12.81 | -18.06 | -9.52 | -2.73 | 0.28 | 0.02 | 1.96 | 4.41 | 3.08 | 1.75 | -1.33 | 1.05 | -1.89 | -2.87 | -2.45 | -0.84 | -0.21 | -0.59 | -0.77 |
| Shares Outstanding | 44.7 | 20.2 | 20.1 | 20.5 | 21.7 | 21.9 | 22.1 | 22.2 | 21.9 | 15.2 | 12.3 | 9.4 | 7.9 | 5.9 | 4.2 | 3.1 | 2.9 | 2.9 | 2.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 138.4 | 63.3 | 100.4 | 255.8 | 96.6 | 113.7 | 46.2 | 53.7 | 78.9 | 83.0 | 3.7 | 5.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 129.3 | 135.1 | 140.7 | 146.9 | 0 | 0 | 0 | 0 |
| Net Receivables | 210.3 | 214.3 | 245.4 | 296.7 | 265.6 | 247.8 | 208.3 | 156.4 | 110.7 | 94.1 | 4.2 | 2.8 |
| Inventory | 0 | 0 | 0 | 4.9 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 23.8 | 119.0 | 18.8 | 118.3 | 350.8 | 35.9 | 12.0 | 14.5 | 434.3 | 646.3 | 3.7 | 4.6 |
| Total Current Assets | 383.0 | 408.7 | 377.2 | 684.3 | 899.2 | 568.2 | 434.5 | 378.1 | 636.5 | 815.5 | 12.1 | 12.4 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 405.7 | 497.9 | 495.1 | 531.3 | 345.5 | 273.3 | 269.0 | 6,363.9 | 397.0 | 0 | 353.5 | 353.0 |
| Goodwill | 8.8 | 156.5 | 264.1 | 263.5 | 109.4 | 8.8 | 8.8 | 8.8 | 8.8 | 8.8 | 0.8 | 0 |
| Intangible Assets | 307.4 | 327.5 | 326.9 | 393.8 | 341.4 | 285.8 | 285.4 | 66.8 | 0 | 310.1 | 14.2 | 17.2 |
| Long-Term Investments | 294.5 | 271.8 | 301.3 | 227.9 | 186.2 | 86.2 | 70.5 | 2.7 | 14.2 | 37.2 | 0 | 0 |
| Other Non-Current Assets | 5,868.7 | 6,469.7 | 6,514.9 | 7,212.9 | 7,108.4 | 7,127.9 | 6,398.4 | 201.6 | 5,714.5 | 5,507.4 | 5.9 | 4.1 |
| Total Non-Current Assets | 6,885.0 | 7,723.5 | 7,904.8 | 8,634.9 | 8,091.0 | 7,782.0 | 7,032.1 | 6,643.8 | 6,134.5 | 5,863.5 | 374.4 | 374.3 |
| Total Assets | 7,268.0 | 8,132.2 | 8,282.0 | 9,319.1 | 8,990.2 | 8,350.2 | 7,466.6 | 7,070.9 | 6,622.1 | 6,679.0 | 448.2 | 386.7 |
| Current Liabilities | ||||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 175.3 | 162.1 | 114.7 | 6.0 | 8.7 |
| Short-Term Debt | 0 | 579 | 451 | 385 | 125 | 0 | 75 | 8.8 | 0 | 0 | 189.5 | 152 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 209.4 | 225.0 | 203.7 | 264.8 | 304.9 | 235.9 | (60.0) | (8.8) | 5.2 | 236.6 | 0 | 0 |
| Total Current Liabilities | 209.4 | 804.0 | 654.7 | 649.8 | 429.9 | 235.9 | 287.7 | 175.3 | 167.2 | 351.3 | 195.5 | 160.7 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 3,417.6 | 3,664.0 | 3,560.4 | 4,267.0 | 3,803.3 | 3,597.3 | 2,944.1 | 2,819.4 | 2,421.6 | 2,473.3 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (36.9) | (0.7) | (11.5) | 0 | 0 |
| Other Non-Current Liabilities | 94.9 | 116.4 | 126.3 | 127.7 | 137.0 | 151.1 | 41.3 | 18.6 | 9.5 | 0 | 14.5 | 16.6 |
| Total Non-Current Liabilities | 3,856.4 | 4,160.3 | 4,076.0 | 4,794.5 | 4,233.9 | 4,018.5 | 3,344.3 | 2,952.3 | 2,543.9 | 2,613.5 | 26.1 | 16.6 |
| Total Liabilities | 4,065.8 | 4,964.3 | 4,730.7 | 5,444.3 | 4,663.7 | 4,254.3 | 3,631.9 | 3,117.8 | 2,711.1 | 2,966.1 | 221.6 | 177.3 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.5 | 1.4 | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 | 1.5 | 1.6 | 1.4 | 0 | 209.4 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (17.0) | 0 | 0 |
| Accumulated Other Comprehensive Income | (1.9) | (8.4) | (0.2) | (11.3) | (1.8) | (8.1) | (0.6) | 17.5 | 13.2 | 9.5 | (12.9) | 0 |
| Total Stockholders' Equity | 2,972.2 | 2,855.5 | 3,078.0 | 3,305.1 | 3,741.8 | 3,463.1 | 3,416.8 | 3,543.5 | 3,637.8 | 3,103.3 | 223.2 | 209.4 |
| Total Liabilities & Equity | 7,268.0 | 8,132.2 | 8,282.0 | 9,319.1 | 8,990.2 | 8,350.2 | 7,466.6 | 7,070.9 | 6,622.1 | 6,679.0 | 448.2 | 386.7 |
| Debt Metrics | ||||||||||||
| Total Debt | 3,761.5 | 4,623.0 | 4,400.7 | 5,051.8 | 4,221.8 | 3,867.3 | 3,564.5 | 2,828.2 | 2,470.9 | 2,546.6 | 201.2 | 152 |
| Net Debt | 3,623.1 | 4,559.7 | 4,300.3 | 4,796.0 | 4,125.3 | 3,753.7 | 3,518.3 | 2,774.5 | 2,392.0 | 2,463.6 | 197.5 | 147.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (592.3) | (381.4) | (171.4) | (16.5) | 29.0 | 16.4 | 55.8 | 111.8 | 94.6 | 43.8 |
| Depreciation & Amortization | 373.7 | 355.6 | 394.4 | 367.9 | 334.6 | 292.4 | 271.7 | 235.8 | 268.0 | 251.5 |
| Stock-Based Compensation | 30.4 | 26.0 | 23.9 | 24.3 | 21.2 | 22.7 | 19.5 | 17.0 | 15.1 | 14.1 |
| Change in Working Capital | (104.7) | (25.7) | (33.0) | (10.6) | (54.3) | (13.8) | (21.4) | (79.0) | (18.4) | (37.9) |
| Other Non-Cash Items | 415.6 | 189.5 | 11.8 | 4.4 | (15.6) | (15.7) | (37.6) | (71.0) | (66.3) | (44.7) |
| Operating Cash Flow | 121.0 | 164.7 | 232.3 | 369.5 | 314.9 | 302.0 | 288.0 | 214.6 | 293.0 | 219.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (22.1) | (23.1) | (5.7) | (20.2) | (125.2) | (593.9) | (20.5) | (362.7) | (257.7) | (630.1) |
| Acquisitions | (30.8) | 0 | (68.7) | (199.1) | (285.4) | (16.8) | (64.5) | 0 | (1.1) | (37.2) |
| Purchases of Investments | (4.3) | (5.9) | (4.9) | (17.1) | (12.4) | (3.4) | 0 | (149.2) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0.5 | 0 | 5.8 | 6.7 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 100.0 | (221.5) | 546.7 | (141.7) | (336.9) | (399.4) | (231.4) | 119.5 | (74.2) | 142.5 |
| Investing Cash Flow | 42.8 | (250.5) | 467.8 | (378.1) | (754.2) | (1,006.8) | (316.4) | (392.3) | (333.0) | (524.9) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (719.2) | 142.7 | (675.7) | 554.3 | 329.1 | 583.5 | 201.9 | 266.4 | (55.9) | 429.4 |
| Stock Repurchased | (7.3) | (0.6) | (1.4) | (237.2) | (46.1) | (80.2) | (0.5) | (50) | (310.9) | (1,446.0) |
| Dividends Paid | (20.9) | (36.2) | (75.8) | (168.8) | (155.2) | (155.6) | (158.4) | (157.6) | (159.2) | (118.5) |
| Other Financing Activities | (15.3) | (40.1) | (113.8) | (50.2) | (99.1) | 456.0 | (24.5) | 86.2 | 292.4 | 20.3 |
| Financing Cash Flow | (100.9) | 65.9 | (866.7) | 97.4 | 486.7 | 796.1 | 18.5 | 144.6 | 33.2 | 334.8 |
| Cash Position | ||||||||||
| Net Change in Cash | 63.0 | (20.0) | (166.6) | 88.9 | 47.3 | 91.3 | (9.9) | (33.1) | (6.9) | 36.6 |
| Cash at Beginning | 99.2 | 119.2 | 285.7 | 196.9 | 149.5 | 58.3 | 68.2 | 101.3 | 108.2 | 71.6 |
| Cash at End | 162.1 | 99.2 | 119.2 | 285.7 | 196.9 | 149.5 | 58.3 | 68.2 | 101.3 | 108.2 |
| Free Cash Flow | 98.9 | 141.6 | 226.5 | 349.3 | 189.6 | (291.9) | 267.5 | (148.1) | 35.2 | (403.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 831.1 | 842.1 | 952.3 | 1,026.2 | 896.8 | 805.7 | 817.4 | 728.4 | 728.1 | 639.6 | 520.9 | 253.4 | 205.6 | 166.2 | 142.2 | 60.6 | 44.5 | 35.6 | 7.0 |
| Gross Profit | (350.2) | 388.0 | 501.8 | 612.4 | 561.0 | 505.5 | 515.2 | 460.2 | 474.0 | 410.5 | 331.0 | 149.1 | 116.5 | 90.2 | 75.0 | 30.6 | 18.7 | 18.2 | 2.9 |
| Operating Income | (47.6) | (45.9) | 29.0 | 159.7 | 146.0 | 427.6 | 443.3 | 148.7 | 136.6 | 89.4 | 47.4 | 48.7 | 28.0 | 14.7 | 17.3 | 10.2 | 7.8 | 9.6 | 1.6 |
| Net Income | (551.7) | (343.3) | (173.9) | (35.0) | 10.1 | 2.0 | 44.0 | 99.4 | 69.2 | 28.6 | 2.0 | 23.0 | (2.3) | (4.3) | (3.0) | (2.8) | (0.6) | (1.7) | (2.3) |
| EPS (Diluted) | -12.81 | -18.06 | -9.52 | -2.73 | 0.28 | 0.02 | 1.96 | 4.41 | 3.08 | 1.75 | -1.33 | 1.05 | -1.89 | -2.87 | -2.45 | -0.84 | -0.21 | -0.59 | -0.77 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 138.4 | 63.3 | 100.4 | 255.8 | 96.6 | 113.7 | 46.2 | 53.7 | 78.9 | 83.0 | 3.7 | 5.0 | |||||||
| Total Assets | 7,268.0 | 8,132.2 | 8,282.0 | 9,319.1 | 8,990.2 | 8,350.2 | 7,466.6 | 7,070.9 | 6,622.1 | 6,679.0 | 448.2 | 386.7 | |||||||
| Total Debt | 3,761.5 | 4,623.0 | 4,400.7 | 5,051.8 | 4,221.8 | 3,867.3 | 3,564.5 | 2,828.2 | 2,470.9 | 2,546.6 | 201.2 | 152 | |||||||
| Stockholders' Equity | 2,972.2 | 2,855.5 | 3,078.0 | 3,305.1 | 3,741.8 | 3,463.1 | 3,416.8 | 3,543.5 | 3,637.8 | 3,103.3 | 223.2 | 209.4 | |||||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 121.0 | 164.7 | 232.3 | 369.5 | 314.9 | 302.0 | 288.0 | 214.6 | 293.0 | 219.6 | |||||||||
| Capital Expenditure | (22.1) | (23.1) | (5.7) | (20.2) | (125.2) | (593.9) | (20.5) | (362.7) | (257.7) | (630.1) | |||||||||
| Free Cash Flow | 98.9 | 141.6 | 226.5 | 349.3 | 189.6 | (291.9) | 267.5 | (148.1) | 35.2 | (403.4) | |||||||||