Quarterly ResultAug 5, 2026, 09:03 AM
Hudson Pacific Q2 Core FFO $0.35/share, Occupancy 82.5%; Raises FY26 Guidance
AI Summary
Hudson Pacific Properties reported strong second quarter 2026 financial results, with Core FFO increasing 30% to $0.35 per diluted share. The company achieved its fourth consecutive quarter of in-service office occupancy gains, reaching 82.5%, and executed 1.3 million square feet of office leases, including a significant 891,000 sq ft deal with the City and County of San Francisco. Total liquidity stood at $876.1 million, and full-year 2026 Core FFO guidance was raised to $1.12-$1.20 per diluted share.
Key Highlights
- Core FFO per diluted share increased 30% to $0.35 for Q2 2026.
- In-service office occupancy rose to 82.5%, up 470 basis points sequentially.
- Executed 1.3 million square feet of office leases, including 891,000 sq ft with City and County of San Francisco.
- Same-store cash NOI grew 7.5% to $90.2 million.
- Total liquidity was $876.1 million as of June 30, 2026.
- Full-year 2026 Core FFO guidance raised to $1.12-$1.20 per diluted share.
- Sold 2001 Gateway office building for $25 million post-quarter end.
Price Impact
More from HPP