Hudson Pacific Properties Q4 revenue growth beats expectations on lease termination fee

Hudson Pacific Properties

26/02/2026 14:10

Overview

Real estate investment trust's Q4 revenue rose, beating analyst expectations

Net loss widened due to non-cash impairments and specified items

Outlook

Hudson Pacific provides 2026 FFO outlook of $0.96 to $1.06 per diluted share

Company aims to increase occupancy and eliminate Quixote earnings drag by year-end

Hudson Pacific sees 2026 average office occupancy between 80% and 82%

Result Drivers

LEASING PERFORMANCE - Signed 518,000 sq ft of office leases in Q4, contributing to 2.2 mln sq ft for 2025, marking the strongest leasing performance since 2019

ASSET SALES - Sold Element LA for $150 mln, contributing to revenue through a lease termination fee

COST SAVINGS - Reduced G&A expenses to $13 mln from $19.5 mln due to operational restructuring

Company press release: ID:nBw8NrpHna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$256 mln
$191.62 mln (5 Analysts)
Q4 EPS
-$4.31
Q4 Net Income
-$277.90 mln
Q4 Adjusted FFO
$13.60 mln
Q4 FFO
-$200 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Hudson Pacific Properties Inc is $14.00, about 120.1% above its February 25 closing price of $6.36

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)