Hudson Pacific Properties releases Q2 2026 earnings call transcript
HPP•Outlook and portfolio updates
- Raised full-year core FFO outlook to $1.12-$1.20 per diluted share.
- The company expects Q3 expirations to pressure results, then a Q4 rebound.
- The Quixote restructuring cut annualized negative cash NOI by about $14.3 million since 2024.
- The Hollywood Media loan moved to special servicing for extension talks.
Q2 results and leasing activity
Hudson Pacific Properties discussed Q2 2026 results on an earnings call with the CEO, president, CFO, leasing EVP, investor relations EVP, and analysts.
- Signed 1.3 million square feet of office leases, including an 891,000 square foot 24-year lease at 1455 Market.
- Occupancy rose 470 bps to 82.5%.
- Core FFO rose to $23.1 million; core FFO per diluted share increased to $0.35.
- Same-store cash NOI climbed 7.5% to $90.2 million.
