v3.25.1
CONSOLIDATED BALANCE SHEETS L.P. - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Investment in real estate, at cost $ 8,189,293 $ 8,233,286
Accumulated depreciation and amortization (1,832,840) (1,791,108)
Investment in real estate, net 6,356,453 6,442,178
Non-real estate property, plant and equipment, net 128,365 127,067
Cash and cash equivalents 86,474 63,256
Restricted cash 47,452 35,921
Accounts receivable, net 11,448 14,505
Straight-line rent receivables, net 200,076 199,748
Deferred leasing costs and intangible assets, net 318,254 327,514
Operating lease right-of-use assets 353,722 370,826
Prepaid expenses and other assets, net 85,857 90,114
Investment in unconsolidated real estate entities 227,856 221,468
Goodwill 156,529 156,529
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE 25,905 83,113
TOTAL ASSETS 7,998,391 8,132,239
Liabilities    
Accounts payable, accrued liabilities and other 192,980 193,861
Operating lease liabilities 369,484 380,004
Intangible liabilities, net 20,807 21,838
Security deposits, prepaid rent and other 74,975 84,708
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE 510 31,117
Total liabilities 4,903,235 4,954,508
Commitments and contingencies (Note 20)
Redeemable preferred units of the operating partnership 8,394 9,815
Redeemable non-controlling interest in consolidated real estate entities 48,377 49,279
Hudson Pacific Properties, L.P. partners’ capital    
Accumulated other comprehensive loss (7,074) (8,417)
TOTAL LIABILITIES AND CAPITAL 7,998,391 8,132,239
Unsecured and secured debt, net    
Liabilities    
Debt, net 4,178,343 4,176,844
Joint venture partner debt    
Liabilities    
Debt, net 66,136 66,136
Hudson Pacific Partners L.P.    
ASSETS    
Investment in real estate, at cost 8,189,293 8,233,286
Accumulated depreciation and amortization (1,832,840) (1,791,108)
Investment in real estate, net 6,356,453 6,442,178
Non-real estate property, plant and equipment, net 128,365 127,067
Cash and cash equivalents 86,474 63,256
Restricted cash 47,452 35,921
Accounts receivable, net 11,448 14,505
Straight-line rent receivables, net 200,076 199,748
Deferred leasing costs and intangible assets, net 318,254 327,514
Operating lease right-of-use assets 353,722 370,826
Prepaid expenses and other assets, net 85,857 90,114
Investment in unconsolidated real estate entities 227,856 221,468
Goodwill 156,529 156,529
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE 25,905 83,113
TOTAL ASSETS 7,998,391 8,132,239
Liabilities    
Accounts payable, accrued liabilities and other 192,980 193,861
Operating lease liabilities 369,484 380,004
Intangible liabilities, net 20,807 21,838
Security deposits, prepaid rent and other 74,975 84,708
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE 510 31,117
Total liabilities 4,903,235 4,954,508
Commitments and contingencies (Note 20)
Redeemable preferred units of the operating partnership 8,394 9,815
Redeemable non-controlling interest in consolidated real estate entities 48,377 49,279
Hudson Pacific Properties, L.P. partners’ capital    
Common units, 146,465,291 and 145,075,448 outstanding at March 31, 2025 and December 31, 2024, respectively 2,460,449 2,532,898
Accumulated other comprehensive loss (7,276) (8,713)
Total Hudson Pacific Properties, L.P. partners’ capital 2,878,173 2,949,185
Non-controlling interest—members in consolidated real estate entities 160,212 169,452
Total capital 3,038,385 3,118,637
TOTAL LIABILITIES AND CAPITAL 7,998,391 8,132,239
Hudson Pacific Partners L.P. | Unsecured and secured debt, net    
Liabilities    
Debt, net 4,178,343 4,176,844
Hudson Pacific Partners L.P. | Joint venture partner debt    
Liabilities    
Debt, net 66,136 66,136
Hudson Pacific Partners L.P. | 4.750% Series C Cumulative Redeemable Preferred Stock    
Hudson Pacific Properties, L.P. partners’ capital    
4.750% Series C cumulative redeemable preferred units, $25.00 per unit liquidation preference, 17,000,000 units outstanding at March 31, 2025 and December 31, 2024 $ 425,000 $ 425,000