Hudson Pacific Properties logo
Hudson Pacific Properties HPP
$ 12.61 0.16%
report update icon

Quarterly report 2025-Q4
added 08-10-2026

Hudson Pacific Properties Balance Sheet 2025-2008 | HPP

Brief overview of Hudson Pacific Properties's financial position

Balance sheet changes are traced across five available annual reports between 2021 and 2025.

Assets fell from $9 billion to $7.3 billion. This may reflect either deliberate optimization or a reduction in business scale.

Liabilities followed the scale of the balance sheet: -12.7% versus -19.2% for assets. Leverage did not change materially.

Equity finances 40.9% of the balance sheet, compared with 46.7% at the start. The cushion remains adequate.

Cash represents 1.9% of assets versus 1.1% initially, showing how the immediate liquidity reserve changed.

Overall picture

Hudson Pacific Properties's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.

Annual Balance Sheet Hudson Pacific Properties

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Net Debt

- - - - - - 3.04 B 2.34 B 2.34 B 2.6 B 2.21 B 900 M 901 M 563 M 409 M - - -

Long Term Debt

- - - - - - 3.02 B - 2.42 B 2.69 B 2.26 B 918 M 931 M 582 M - - - -

Total Non Current Liabilities

- - - - - - 3.54 B - 2.55 B 2.85 B 2.43 B 986 M 1 B 644 M 51.8 M - - -

Total Liabilities

4.06 B 4.95 B 4.72 B 5.43 B 4.65 B 4.38 B 3.76 B 2.7 B 2.71 B 2.98 B 2.52 B 1.07 B 1.03 B 662 M 464 M 390 M - -

Retained Earnings

- - - - - - - - - -17 M -45 M -34.9 M -45.1 M -30.6 M -13.7 M -3.48 M - -

Total Assets

7.27 B 8.13 B 8.28 B 9.32 B 8.99 B 8.35 B 7.47 B 6.62 B 6.62 B 6.68 B 6.25 B 2.34 B 2.13 B 1.56 B 1.15 B 1 B - -

Cash and Cash Equivalents

138 M 63.3 M 100 M 256 M 96.6 M 114 M 46.2 M 53.7 M 78.9 M 83 M 53.6 M 17.8 M 30.4 M 18.9 M 13.7 M 48.9 M 3.69 M 5.81 M

Book Value

3.2 B 3.18 B 3.56 B 3.88 B 4.34 B 3.97 B 3.71 B 3.92 B 3.91 B 3.7 B 3.73 B 1.28 B 1.1 B 897 M 689 M 614 M - -

Total Shareholders Equity

2.97 B 2.86 B 3.08 B 3.31 B 4.2 B 3.97 B 3.42 B 3.54 B 3.64 B 3.1 B 1.67 B 1.18 B 1 B 840 M 625 M 496 M 227 M 222 M

All numbers in USD currency

Quarterly Balance Sheet Hudson Pacific Properties

2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2.62 B - 2.36 B 2.24 B 2.42 B 2.42 B 2.42 B 2.42 B 2.47 B 2.47 B 2.69 B 2.69 B 2.26 B 2.26 B 2.26 B 787 M 961 M 921 M 961 M 961 M 888 M 931 M 931 M 931 M 582 M 582 M 582 M 582 M 400 M 400 M 400 M -

Total Liabilities

4.08 B 4.95 B 4.31 B 4.44 B 4.9 B 4.95 B 4.97 B 4.9 B 4.8 B 4.72 B 5.26 B 5.33 B 5.29 B 5.43 B 5.39 B - 4.92 B 4.65 B 4.81 B 4.34 B 4.33 B 4.24 B 4.24 B 4.24 B 4.24 B 3.62 B 3.62 B 3.62 B 3.62 B 3.12 B 3.12 B 3.12 B 3.12 B 2.7 B 2.7 B 2.7 B 2.7 B 2.97 B 2.97 B 2.97 B 2.97 B 2.51 B 2.51 B 2.51 B 2.51 B 1.05 B 1.06 B 1.06 B 1.06 B 1.02 B 1.02 B 1.02 B 1.02 B 650 M 650 M 650 M 650 M 452 M 452 M 452 M 452 M

Retained Earnings

- - - - - - - - - - - - - - - - - - - - - - - - - - - -31.4 M -41.2 M - - - - - 18.9 M 7.59 M 3.78 M -17 M -17 M -17 M -17 M -45 M -45 M -45 M -45 M -34.9 M -34.9 M -34.9 M -34.9 M -45.1 M -45.1 M -45.1 M -45.1 M -30.6 M -30.6 M -30.6 M -30.6 M -13.7 M -13.7 M -13.7 M -13.7 M

Total Assets

7.23 B 8.13 B 7.8 B 8.13 B 8 B 8.13 B 8.32 B 8.35 B 8.25 B 8.28 B 8.99 B 9.11 B 9.12 B 9.32 B 9.32 B - 9 B 8.99 B 8.8 B 8.43 B 8.4 B 8.35 B 8.35 B 8.35 B 8.35 B 7.47 B 7.47 B 7.47 B 7.47 B 7.07 B 7.07 B 7.07 B 7.07 B 6.62 B 6.62 B 6.62 B 6.62 B 6.68 B 6.68 B 6.68 B 6.68 B 6.25 B 6.25 B 6.25 B 6.25 B 2.34 B 2.34 B 2.34 B 2.34 B 2.13 B 2.13 B 2.13 B 2.13 B 1.56 B 1.56 B 1.56 B 1.56 B 1.15 B 1.15 B 1.15 B 1.15 B

Cash and Cash Equivalents

138 M 286 M 190 M 236 M 86.5 M 63.3 M 114 M 99.9 M 134 M 100 M 75 M 109 M 163 M 256 M 162 M 267 M 138 M 96.6 M 110 M 111 M 134 M 114 M 114 M 114 M 114 M 46.2 M 46.2 M 46.2 M 46.2 M 53.7 M 53.7 M 53.7 M 53.7 M 78.9 M 78.9 M 78.9 M 78.9 M 83 M 83 M 83 M 83 M 53.6 M 53.6 M 53.6 M 53.6 M 17.8 M 17.8 M 17.8 M 17.8 M 30.4 M 30.4 M 30.4 M 30.4 M 18.9 M 18.9 M 18.9 M 18.9 M 13.7 M 13.7 M 13.7 M 13.7 M

Book Value

3.15 B 3.18 B 3.49 B 3.69 B 3.1 B 3.18 B 3.35 B 3.46 B 3.45 B 3.56 B 3.73 B 3.77 B 3.83 B 3.88 B 3.93 B - 4.08 B 4.34 B 3.99 B 4.08 B 4.07 B 4.11 B 4.11 B 4.11 B 4.11 B 3.84 B 3.84 B 3.84 B 3.84 B 3.95 B 3.95 B 3.95 B 3.95 B 3.92 B 3.92 B 3.92 B 3.92 B 3.71 B 3.71 B 3.71 B 3.71 B 3.74 B 3.74 B 3.74 B 3.74 B 1.29 B 1.29 B 1.29 B 1.29 B 1.11 B 1.11 B 1.11 B 1.11 B 910 M 910 M 910 M 910 M 701 M 701 M 701 M 701 M

Total Shareholders Equity

2.92 B 3.75 B 3.25 B 3.37 B 2.78 B 2.86 B 3.29 B 3.4 B 3.39 B 3.08 B 3.6 B 3.65 B 3.7 B 3.31 B 3.79 B 3.85 B 3.94 B 3.74 B 3.85 B 3.43 B 3.42 B 3.46 B 3.46 B 3.46 B 3.46 B 3.42 B 3.42 B 3.42 B 3.42 B 3.54 B 3.54 B 3.54 B 3.54 B 3.64 B 3.64 B 3.64 B 3.64 B 3.1 B 3.1 B 3.1 B 3.1 B 1.67 B 1.67 B 1.67 B 1.67 B 1.18 B 1.18 B 1.18 B 1.18 B 1 B 1 B 1 B 1 B 840 M 840 M 840 M 840 M 625 M 625 M 625 M 625 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of Hudson Pacific Properties, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Reit office

Issuer Price % 24h Market Cap Country
Mack-Cali Realty Corporation Mack-Cali Realty Corporation
CLI
- 0.29 % $ 1.55 B usaUSA
Equity Commonwealth Equity Commonwealth
EQC
- - $ 172 M usaUSA
Easterly Government Properties Easterly Government Properties
DEA
$ 24.31 0.41 % $ 1.09 B usaUSA
City Office REIT City Office REIT
CIO
$ 6.99 -0.14 % $ 281 M usaUSA
Alexandria Real Estate Equities Alexandria Real Estate Equities
ARE
$ 52.65 0.03 % $ 8.97 B usaUSA
CoreSite Realty Corporation CoreSite Realty Corporation
COR
$ 330.95 0.26 % $ 14 B usaUSA
Boston Properties Boston Properties
BXP
$ 67.69 0.23 % $ 10.7 B usaUSA
Cousins Properties Incorporated Cousins Properties Incorporated
CUZ
$ 29.11 0.02 % $ 4.89 B usaUSA
Douglas Emmett Douglas Emmett
DEI
$ 11.42 1.24 % $ 1.91 B usaUSA
Franklin Street Properties Corp. Franklin Street Properties Corp.
FSP
$ 0.4 0.92 % $ 41.5 M usaUSA
Global Net Lease Global Net Lease
GNL
$ 9.12 0.27 % $ 2.04 B usaUSA
Highwoods Properties Highwoods Properties
HIW
$ 31.19 0.56 % $ 3.38 B usaUSA
JBG SMITH Properties JBG SMITH Properties
JBGS
$ 11.7 0.77 % $ 788 M usaUSA
Kilroy Realty Corporation Kilroy Realty Corporation
KRC
$ 37.14 0.46 % $ 4.39 B usaUSA
Paramount Group Paramount Group
PGRE
- - $ 1.43 B usaUSA
SL Green Realty Corp. SL Green Realty Corp.
SLG
$ 55.56 1.22 % $ 3.91 B usaUSA