Equity (Tables)

3 Months Ended

Mar. 31, 2025

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)

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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)

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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	%

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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

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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.