Hudson Pacific Properties

Hudson Pacific Properties is a vertically integrated real estate company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art media and entertainment properties in select west coast markets. HPP invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value. Founded in 2006 as Hudson Capital, the company went public in 2010, electing to be taxed as a real estate investment trust. Through the years, HPP has strategically assembled a portfolio totaling over 17 million square feet, including land for development, in high-growth, high-barrier-to-entry submarkets throughout Northern and Southern California and the Pacific Northwest. The company is a leading provider of design-forward, next-generation workspaces for a variety of tenants, with a focus on Fortune 500 and industry-leading growth companies, many in the technology, media and entertainment sectors. As a long-term owner, HPP prioritizes tenant satisfaction and retention, providing highly-customized build-outs and working proactively to accommodate tenants' growth. HPP trades as a component of the Russell 2000® and the Russell 3000® indices.
Company Growth (employees)
Type
Public
HQ
Los Angeles, US
Founded
2006
Size (employees)
257 (est)
Hudson Pacific Properties was founded in 2006 and is headquartered in Los Angeles, US

Hudson Pacific Properties Office Locations

Hudson Pacific Properties has an office in Los Angeles
Los Angeles, US (HQ)
900 11601 Wilshire Blvd

Hudson Pacific Properties Financials and Metrics

Hudson Pacific Properties Financials

Hudson Pacific Properties's revenue was reported to be $639.6 m in FY, 2016
USD

Revenue (Q2, 2017)

180.5 m

Net income (Q2, 2017)

7 m

EBIT (Q2, 2017)

28.1 m

Market capitalization (13-Nov-2017)

5.5 b

Cash (30-Jun-2017)

73.2 m

EV

8.1 b
Hudson Pacific Properties's current market capitalization is $5.5 b.
USDY, 2013FY, 2015FY, 2016

Revenue

205.6 m520.9 m639.6 m

Revenue growth, %

23%

General and administrative expense

52.4 m

Operating expense total

52.4 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

53.3 m55.6 m62.1 m68.2 m62.8 m151.8 m151.6 m153.5 m154.3 m164.6 m168.3 m180.5 m

General and administrative expense

5 m5.8 m6.6 m6.8 m9.2 m10.4 m9.4 m12.5 m13 m13 m13.8 m14.5 m

Operating expense total

48.2 m44.4 m48.9 m55.5 m49.5 m135.7 m147.4 m134.5 m134.5 m140.8 m139.8 m152.4 m

EBIT

5.2 m11.2 m13.2 m12.6 m13.3 m16.1 m4.2 m19 m19.8 m23.7 m28.5 m28.1 m
USDFY, 2013FY, 2015FY, 2016

Cash

30.4 m53.6 m83 m

Accounts Receivable

8.3 m21.2 m6.9 m

Goodwill

8.8 m8.8 m8.8 m

Total Assets

2.1 b6.3 b6.7 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

29.1 m32.8 m69.4 m247.9 m40.3 m46.7 m57.4 m337.4 m89.4 m115.7 m73.2 m

Accounts Receivable

6.7 m9 m14.2 m13.3 m12.3 m17.3 m16.6 m10.6 m9.6 m2 m4.1 m

Goodwill

8.8 m8.8 m8.8 m8.8 m8.8 m8.8 m8.8 m8.8 m8.8 m8.8 m8.8 m

Total Assets

2.2 b2.2 b2.3 b2.8 b6.3 b6.3 b6 b6.3 b6.4 b6.7 b6.9 b
USDFY, 2013FY, 2015FY, 2016

Net Income

(2.6 m)(16.1 m)43.8 m

Depreciation and Amortization

70.1 m245.1 m269.1 m

Accounts Receivable

3.6 m(5.7 m)15.1 m

Cash From Operating Activities

41.5 m174.9 m219.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(5.9 m)4.5 m11.2 m22.6 m24.6 m(11.5 m)(13.3 m)6 m10 m15.2 m24.2 m31.1 m

Depreciation and Amortization

53.9 m16.7 m34.6 m52 m17.2 m90.8 m170.9 m68.4 m134.5 m201.9 m70.8 m146.2 m

Accounts Receivable

344 k2.3 m26 k(4.9 m)3 m3.6 m(1.4 m)4.4 m10 m12.5 m4.7 m3.2 m

Cash From Operating Activities

43.9 m19.4 m35.9 m58.3 m27.1 m63.6 m121.1 m58.9 m107.7 m196.8 m92.9 m141 m
Y, 2017

EV/EBIT

286.7 x

EV/CFO

57.1 x

Financial Leverage

1.7 x
Show all financial metrics

Hudson Pacific Properties Market Value History

Hudson Pacific Properties's Web-traffic and Trends

Hudson Pacific Properties Online and Social Media Presence

Hudson Pacific Properties Company Life and Culture

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