Hudson Pacific Properties Inc. 2025年季度报告

11601 Wilshire Blvd., Ninth FloorLos Angeles,California90025(Address of principal executive offices) (Zip Code) (310)445-5700(Registrant’s telephone number, including area code) N/A(Former name, former address and former fiscal year, if changed since last report) New York Stock ExchangeNew York Stock Exchange Common Stock, $0.01 par value4.750% Series C CumulativeRedeemable Preferred Stock HPP Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Non-accelerated filer☐ Large accelerated filer☐ Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Hudson Pacific Properties, Inc.☐Hudson Pacific Properties, L.P.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Hudson Pacific Properties, Inc.Yes☐ The number of shares of common stock of Hudson Pacific Properties, Inc. outstanding at May8, 2025 was141,392,410. Table of Contents EXPLANATORY NOTE This report combines the quarterly reports on Form 10-Q for the period ended March31, 2025 of Hudson Pacific Properties,Inc., a Maryland corporation, and Hudson Pacific Properties, L.P., a Maryland limited partnership. Unless otherwise indicated or unlessthe context requires otherwise, all references in this report to “we,” “us,” “our,” or “our Company” refer to Hudson Pacific Properties, Inc.together with its consolidated subsidiaries, including Hudson Pacific Properties, L.P. In statements regarding qualification as a REIT, Hudson Pacific Properties, Inc. is a real estate investment trust, or REIT, and the sole general partner of our operatingpartnership. As of March31, 2025, Hudson Pacific Properties, Inc. owned approximately 93.5% of the ownership interest in ouroperating partnership (including unvested restricted units). The remaining approximately 6.5% interest was owned by certain of ourexecutive officers and directors, certain of their affiliates and other outside investors and includes unvested operating partnership We believe combining the quarterly reports on Form 10-Q of Hudson Pacific Properties, Inc. and the operating partnershipinto this single report results in the following benefits: •enhancing investors’ understanding of our Company and our operating partnership by enabling investors to view the businessas a whole in the same manner as management views and operates the business;•eliminating duplicative disclosure and providing a more streamlined and readable presentation because a substantial portion of There are a few differences between our Company and our operating partnership, which are reflected in the disclosures in thisreport. We believe it is important to understand the differences between our Company and our operating partnership in the context ofhow we operate as an interrelated, consolidated company. Hudson Pacific Properties, Inc. is a REIT, the only material assets of whichare the units of partnership interest in our operating partnership. As a result, Hudson Pacific Properties, Inc. does not conduct businessitself, other than acting as the sole general partner of our operating partnership, issuing equity from time to time and guaranteeingcertain debt of our operating partnership. Hudson Pacific Properties, Inc. itself does not issue any indebtedness but guarantees some ofthe debt of our operating partnership. Our operating partnership, which is structured as a partnership with no publicly traded equity, Non-controlling interest, stockholders’ equity and partners’ capital are the main areas of difference between the consolidatedfinancial statements of our Company and those of our operating partnership. The common units in our operating partnership areaccounted for as partners’ capital in our operating partnership’s consolidated financial statements and, to the extent not held by our To help investors understand the significant differences between our Company and our operating partnership, this reportpresents the consolidated financial statements separately for our Company and our operating partner