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.
Type
Public
HQ
Los Angeles, US
Founded
2006
Size (employees)
257 (est)+10%
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 Data and Metrics

Hudson Pacific Properties Financial Metrics

Hudson Pacific Properties's revenue was reported to be $168.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

168.3 m

Net income (Q1, 2017)

24.2 m

EBIT (Q1, 2017)

28.5 m

Market capitalization (25-Jul-2017)

4.8 b

Cash (31-Mar-2017)

115.7 m
Hudson Pacific Properties's current market capitalization is $4.8 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

177.6 m473.5 m550.2 m

EBIT

28 m47.4 m89.4 m

EBIT margin, %

14%9%14%

Interest expense

25.5 m50.7 m76 m

Interest income

(272 k)(124 k)(260 k)

Net Income

1.4 m(16.1 m)43.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

62.1 m68.2 m62.8 m151.8 m151.6 m153.5 m154.3 m164.6 m168.3 m

General and administrative expense

6.6 m6.8 m9.2 m10.4 m9.4 m12.5 m13 m13 m13.8 m

Operating expense total

6.6 m6.8 m9.2 m10.4 m9.4 m12.5 m13 m13 m13.8 m

EBIT

13.2 m12.6 m13.3 m16.1 m4.2 m19 m19.8 m23.7 m28.5 m

EBIT margin, %

21%19%21%11%3%12%13%14%17%

Interest expense

6.4 m6.6 m5.5 m14.1 m14.5 m17.3 m17.6 m19.9 m21.9 m

Interest income

(11 k)(1 k)(53 k)(48 k)(17 k)(13 k)(73 k)(130 k)(30 k)

Net Income

11.2 m22.6 m24.6 m(11.5 m)(13.3 m)6 m10 m15.2 m24.2 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

Accounts Payable

120.6 m

Total Debt

1.9 b2.7 b

Total Liabilities

3 b

Additional Paid-in Capital

904 m1.7 b3.1 b

Retained Earnings

(45.1 m)(45 m)(17 m)

Total Equity

1.1 b3.7 b3.7 b

Debt to Equity Ratio

1.7 x0.7 x

Debt to Assets Ratio

0.9 x0.4 x

Financial Leverage

1.9 x1.7 x1.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

32.8 m69.4 m247.9 m40.3 m46.7 m57.4 m337.4 m89.4 m115.7 m

Accounts Receivable

9 m14.2 m13.3 m12.3 m17.3 m16.6 m10.6 m9.6 m2 m

Goodwill

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

Total Assets

2.2 b2.3 b2.8 b6.3 b6.3 b6 b6.3 b6.4 b6.7 b

Accounts Payable

20.3 m35.6 m61.7 m75.2 m90.1 m98 m104.2 m132.1 m135.2 m

Additional Paid-in Capital

1.1 b1.1 b1.4 b1.7 b1.7 b1.7 b2 b2.6 b3.7 b

Retained Earnings

(40.4 m)(32.7 m)(15.6 m)(40.8 m)(44.6 m)(42.5 m)(41.5 m)(39.4 m)

Total Equity

1.3 b1.3 b1.9 b3.9 b3.9 b3.7 b3.7 b3.6 b4 b

Financial Leverage

1.7 x1.8 x1.5 x1.6 x1.6 x1.6 x1.7 x1.7 x1.7 x
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

Cash From Investing Activities

(424 m)(1.8 b)(524.9 m)

Cash From Financing Activities

393.9 m1.7 b334.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

11.2 m22.6 m24.6 m(11.5 m)(13.3 m)6 m10 m15.2 m24.2 m

Depreciation and Amortization

34.6 m52 m17.2 m90.8 m170.9 m68.4 m134.5 m201.9 m70.8 m

Accounts Receivable

26 k(4.9 m)3 m3.6 m(1.4 m)4.4 m10 m12.5 m4.7 m

Cash From Operating Activities

35.9 m58.3 m27.1 m63.6 m121.1 m58.9 m107.7 m196.8 m92.9 m

Cash From Investing Activities

(127.1 m)(166.7 m)(204 m)(1.7 b)(1.7 b)158.2 m160.2 m(220 m)(51.9 m)

Cash From Financing Activities

93.6 m147.4 m407 m1.7 b1.6 b(213.3 m)15.9 m59 m(8.3 m)
USDY, 2017

Revenue/Employee

654.8 k

Financial Leverage

1.7 x

Hudson Pacific Properties Market Value History

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