v3.26.1
CONSOLIDATED BALANCE SHEETS L.P. - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Investment in real estate, at cost $ 7,786,264 $ 7,793,299
Accumulated depreciation and amortization (2,063,909) (1,953,048)
Investment in real estate, net 5,722,355 5,840,251
Non-real estate property, plant and equipment, net 67,564 72,397
Cash and cash equivalents 80,760 138,358
Restricted cash 24,659 23,770
Accounts receivable, net 21,531 14,923
Straight-line rent receivables, net 205,153 195,425
Deferred leasing costs and intangible assets, net 388,879 307,390
Operating lease right-of-use assets 291,420 333,258
Prepaid expenses and other assets, net 85,833 86,607
Investment in unconsolidated real estate entities 250,595 246,835
Goodwill 8,754 8,754
Assets associated with real estate held for sale 22,903 0
TOTAL ASSETS 7,170,406 7,267,968
Liabilities    
Accounts payable, accrued liabilities and other 298,168 209,382
Operating lease liabilities 323,486 343,886
Intangible liabilities, net 15,776 17,772
Security deposits, prepaid rent and other 78,069 74,369
Liabilities associated with real estate held for sale 1,442 0
Total liabilities 4,131,870 4,063,003
Commitments and contingencies (Note 20)
Redeemable preferred units of the operating partnership 2,795 2,795
Redeemable non-controlling interest in consolidated real estate entities 48,844 50,581
Hudson Pacific Properties, L.P. partners’ capital    
Accumulated other comprehensive loss (2,126) (1,860)
TOTAL LIABILITIES AND CAPITAL 7,170,406 7,267,968
Unsecured and secured debt, net    
Liabilities    
Debt, net 3,348,793 3,351,458
Joint venture partner debt    
Liabilities    
Debt, net 66,136 66,136
Hudson Pacific Partners L.P.    
ASSETS    
Investment in real estate, at cost 7,786,264 7,793,299
Accumulated depreciation and amortization (2,063,909) (1,953,048)
Investment in real estate, net 5,722,355 5,840,251
Non-real estate property, plant and equipment, net 67,564 72,397
Cash and cash equivalents 80,760 138,358
Restricted cash 24,659 23,770
Accounts receivable, net 21,531 14,923
Straight-line rent receivables, net 205,153 195,425
Deferred leasing costs and intangible assets, net 388,879 307,390
Operating lease right-of-use assets 291,420 333,258
Prepaid expenses and other assets, net 85,833 86,607
Investment in unconsolidated real estate entities 250,595 246,835
Goodwill 8,754 8,754
Assets associated with real estate held for sale 22,903 0
TOTAL ASSETS 7,170,406 7,267,968
Liabilities    
Accounts payable, accrued liabilities and other 298,168 209,382
Operating lease liabilities 323,486 343,886
Intangible liabilities, net 15,776 17,772
Security deposits, prepaid rent and other 78,069 74,369
Liabilities associated with real estate held for sale 1,442 0
Total liabilities 4,131,870 4,063,003
Commitments and contingencies (Note 20)
Redeemable preferred units of the operating partnership 2,795 2,795
Redeemable non-controlling interest in consolidated real estate entities 48,844 50,581
Hudson Pacific Properties, L.P. partners’ capital    
Common units, 55,476,644 and 54,933,015 outstanding at June 30, 2026 and December 31, 2025, respectively 2,502,666 2,660,648
Accumulated other comprehensive loss (2,206) (1,928)
Total Hudson Pacific Properties, L.P. partners’ capital 2,925,460 3,083,720
Non-controlling interest—members in consolidated real estate entities 61,437 67,869
Total capital 2,986,897 3,151,589
TOTAL LIABILITIES AND CAPITAL 7,170,406 7,267,968
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 June 30, 2026 and December 31, 2025 425,000 425,000
Hudson Pacific Partners L.P. | Unsecured and secured debt, net    
Liabilities    
Debt, net 3,348,793 3,351,458
Hudson Pacific Partners L.P. | Joint venture partner debt    
Liabilities    
Debt, net $ 66,136 $ 66,136