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.
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Type
Public
HQ
Los Angeles, US
Founded
2006
Size (employees)
293 (est)+15%
Hudson Pacific Properties was founded in 2006 and is headquartered in Los Angeles, US
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Hudson Pacific Properties Office Locations

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

Hudson Pacific Properties Financials

Hudson Pacific Properties's revenue was reported to be $639.64 m in FY, 2016 which is a 22.8% increase from the previous period.
USD

Revenue (Q2, 2017)

180.5 m

Net income (Q2, 2017)

7 m

EBIT (Q2, 2017)

28.1 m

Market capitalization (20-Apr-2018)

4.8 b

Cash (30-Jun-2017)

73.2 m

EV

7.3 b
Hudson Pacific Properties's current market capitalization is $4.8 b.
Annual
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
Quarterly
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
Annual
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
Quarterly
USDQ1, 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
Annual
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
Quarterly
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

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

Cash From Investing Activities

(390.5 m)(100.7 m)(127.1 m)(166.7 m)(204 m)(1.7 b)(1.7 b)158.2 m160.2 m(220 m)(51.9 m)(309.7 m)
USDY, 2017

EV/EBIT

260.3 x

EV/CFO

51.9 x

Financial Leverage

1.7 x
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