Hudson Pacific FFO Beats Estimates by $0.07 Despite 60% Year-Over-Year Drop
Hudson Pacific Properties posted Q1 funds from operations of $0.25 per share, surpassing the consensus estimate of $0.18. This represents a 60% decline from $0.63 per share in Q1 2025.
1. Q1 Funds From Operations
Hudson Pacific delivered Q1 FFO of $0.25 per share, topping the Zacks consensus estimate of $0.18 by $0.07. The beat was driven by stable leasing revenues and effective cost controls over the quarter.
2. Year-Over-Year Comparison
FFO plunged 60% from $0.63 per share in Q1 2025, as the company grappled with higher interest expenses and the sale of non-core assets. Management noted that the portfolio repositioning aims to bolster long-term growth despite near-term earnings pressure.
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