Hudson Pacific Properties Inc 2025年季度报告

______________________________________ QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Hudson Pacific Properties, Inc. (Exact name of registrant as specified in its charter)Hudson Pacific Properties, Inc.Maryland(State or other jurisdiction of incorporation ororganization)(I.R.S. Employer IdentificationHudson Pacific Properties, L.P.Maryland (State or other jurisdiction of incorporation ororganization)(I.R.S. Employer Identification11601 Wilshire Blvd., Ninth FloorLos Angeles,California90025(Address of principal executive offices) (Zip Code)(310)445-5700(Registrant’s telephone number, including area code) ______________________________________ 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 company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Hudson Pacific Properties, Inc.Large accelerated filer☒ Emerging growth company☐ references to “our operating partnership” or “the operating partnership” refer to Hudson Pacific Properties, L.P. together with itsconsolidated subsidiaries. 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 partnershipperformance units. As the sole general partner of our operating partnership, Hudson Pacific Properties, Inc. has the full, exclusive andcomplete responsibility for our operating partnership’s day-to-day management and control. •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 ofthe disclosures apply to both our Company and our operating partnership; and report. 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 business itself, 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,holds substantially all of the assets of our Company and conducts substantially all of our business. Except for net proceeds from equity partnership.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 ourCompany, as a non-controlling interest in our Company’s consolidated financial statements. The differences between stockholders’equity, partners’ capital and non-controlling interest result from the differences in the equity issued by our Company and our operatingpartnership. certifications and that our Company and our operating partnership are compliant with Rule 13a-15 or Rule 15d-15 of the SecuritiesExchange Act of 1934, or the Exchange Act and 18 U.S.C. §1350, this report also includes separate Part I, Item 4 “Controls andProcedures” sections and separate Exhibit 31 and 32 certifications for each of Hudson Pacific Properties, Inc. and our operatingpartnership. 3 PART I—FINANCIAL INFORMATIONFinancial Statements of Hudson Pacific Properties, Inc.Consolidated Balance Sheets as ofMarch31, 2025(unaudited) andDecember31, 2024 Consolidated Statements of Operations (unaudited) for thethree months endedMarch31, 2025and2024Consolidated Statements of Comprehensive Loss (unaudited) for thethree months endedMarch31, 2025and Deferred leasing costs and lease intangibles accordance with ge