HPP Stock Recent News

While the top- and bottom-line numbers for Hudson Pacific (HPP) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hudson Pacific Properties has reinstated its suspended quarterly cash dividend. The REIT conducted $1 billion in asset sales in 2023 as higher office vacancies continue to pressure FFO. The leases for a third of HPP's office rent base come up for renewal over the next two years, with rents set to drop dramatically.

Hudson Pacific missed FFO estimates in Q4 amid a bevy of industry headwinds. The company also issued light forward FFO guidance.

Hudson Pacific Properties, Inc. (HPP) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Hudson Pacific (HPP) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hudson Pacific Properties (HPP) came out with quarterly funds from operations (FFO) of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.49 per share a year ago.

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Hudson Pacific (HPP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

The upheavals of 2023 rattled the housing market, witnessing soaring mortgage rates and stalled sales. In short, it created uncertainty for real estate investment trusts (REITs).

Besides Wall Street's top -and-bottom-line estimates for Hudson Pacific (HPP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.