HPP Stock Recent News

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced it will release third quarter financial results after market close on Tuesday, November 12, 2024. The company will hold a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET the same day. The conference call will be available via live audio webcast on the Investors section of the company's website at Hudson.

Hudson Pacific Properties' stock sank Tuesday after the real-estate investment trust suspended its dividend, as the company continues to struggle nearly a year after the Hollywood writers and actors strikes ended.

Famed investor Michael Burry, renowned for his prescient bet against the U.S. housing market prior to the 2008 financial crisis, has made a strategic move in Q2 2024 by initiating a new position in Hudson Pacific Properties Inc (NYSE: HPP).

HPP.PR.C shares dropped 20% since last article, while the common shares have fallen only 2%. HPP occupancy rate dropped year over year to 78.7%. We examine the setup after the Q2-2024 results and the outlook downgrade by the company.

Management's 3Q FFO guidance of $0.08-$0.12 disappointed REIT investors. Studio rentals continue to be weak even after various union contracts were settled. There is the risk that Hudson Pacific Properties could be in violation of debt covenants in the future.

Although the revenue and EPS for Hudson Pacific (HPP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hudson Pacific Properties, Inc. (NYSE:HPP ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Laura Campbell - EVP, IR & Marketing Victor Coleman - Chairman & CEO Mark Lammas - President Harout Diramerian - CFO Arthur Suazo - EVP of Leasing Conference Call Participants Blaine Heck - Wells Fargo Ronald Kamdem - Morgan Stanley Nick Yulico - Scotiabank Caitlin Burrows - Goldman Sachs John Kim - BMO Alexander Goldfarb - Piper Sandler Tom Catherwood - BTIG Michael Griffin - Citi Dylan Burzinski - Green Street Peter Abramowitz - Jefferies Rich Anderson - Wedbush Securities Operator Hello, everyone. Thank you for attending today's Hudson Pacific Properties Second Quarter 2024 Earnings Call.

Hudson Pacific Properties (HPP) came out with quarterly funds from operations (FFO) of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.24 per share a year ago.

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced it will release second quarter financial results after market close on Wednesday, August 7, 2024. The company will hold a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET the same day. To participate by telephone, please dial (833) 470-1428 and enter passcode 550142. International callers should dial (40.

We can all agree that the Federal Reserve's never-ending battle in curbing inflation has been incredibly exhausting. The latest in this saga is that the Fed believes it will have to keep interest rates “higher for longer,” which will likely result in significant volatility in the stock market.