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Hudson Pacific Properties (HPP)
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Hudson Pacific Properties Income Statement 2025-2008 | HPP
Brief overview of income trends at Hudson Pacific Properties
The comparison covers a five-year financial horizon. Hudson Pacific Properties reported revenue of $805 million in 2020 and $831 million by 2025. The five-year change reached +3.2%, while CAGR stood at 0.6%. The scale of the core business was largely unchanged.
The five-year change in gross profit reached −20.2%: from 505 million dollars to 403 million dollars. The gross margin was 62.8% at the start and 48.5% at the end. The contraction points to pressure from direct costs or weaker pricing power.
Over the period, EBITDA shifted from 300 million dollars to 375 million dollars, a change of +25.1%. Operating profitability strengthened faster than the scale of sales. Comparing the endpoints gives EBITDA margins of 37.2% and 45.1%. The business generated more EBITDA from each unit of revenue.
The final result was $16.4 million initially and −$592 million in the final year. The move from profit to loss indicates a material deterioration in final efficiency.
Market capitalization changed from $3.7 billion to $585 million (−84.3%). Capitalization grew more slowly than the underlying results.
What the figures show
Signs of deterioration dominate the five-year picture. The positive side is supported by positive operating leverage. Caution is warranted because of pressure from direct costs, weak sales momentum and declining capitalization. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Hudson Pacific Properties
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
585 M | 62.3 M | 147 M | 1.51 B | 3.96 B | 3.74 B | 5.67 B | 5.02 B | 4.78 B | 3.76 B | 2.18 B | 2.13 B | 1.21 B | 885 M | 442 M | - | - | - |
Shares |
44.7 M | 20.2 M | 20.1 M | 144 M | 152 M | 153 M | 154 M | 153 M | 153 M | 106 M | 85.9 M | 65.8 M | 55.2 M | 41.6 M | 29.4 M | 22.4 M | - | - |
Historical Prices |
13.1 | 3.09 | 7.28 | 10.5 | 26.1 | 24.4 | 29.6 | 29.5 | 27.2 | 30.7 | 20.8 | 25.6 | 17.8 | 17.2 | 11.3 | - | - | - |
Net Income |
-592 M | -381 M | -171 M | -16.5 M | 29 M | 16.4 M | 44 M | 94.6 M | 69.2 M | 34.5 M | -19.9 M | 23.4 M | -2.27 M | -4.98 M | -10.4 M | -1.18 M | -615 K | - |
Revenue |
831 M | 842 M | 952 M | 1.03 B | 897 M | 805 M | 818 M | 728 M | 728 M | 640 M | 521 M | 253 M | 206 M | 166 M | 142 M | - | - | - |
Gross Profit |
403 M | 388 M | 502 M | 612 M | 561 M | 505 M | 517 M | 728 M | 475 M | 411 M | 331 M | 149 M | 118 M | 88.2 M | 75 M | - | - | - |
Operating Income |
- | - | - | - | - | - | - | - | 137 M | 89.4 M | 47.4 M | 48.7 M | 28 M | 14.7 M | 17.3 M | 10.2 M | 7.83 M | - |
Interest Expense |
-1.81 M | 1.65 M | 214 M | 150 M | 122 M | 114 M | 105 M | 83.2 M | 90 M | 76 M | 50.7 M | 25.9 M | 25.5 M | 19.1 M | 17.5 M | 8.83 M | 8.79 M | - |
EBITDA |
375 M | 354 M | 398 M | 373 M | 344 M | 300 M | 445 M | 420 M | 420 M | 358 M | 292 M | 121 M | 98 M | 71.7 M | 62 M | 26.1 M | 18.7 M | - |
Operating Expenses |
876 M | 888 M | 923 M | 867 M | 751 M | 677 M | 354 M | 592 M | 338 M | 321 M | 284 M | 100 M | 90 M | 73.5 M | 57.7 M | - | - | - |
General and Administrative Expenses |
73 M | 79.5 M | 75 M | 79.5 M | 71.3 M | 77.9 M | 71.9 M | 54.5 M | 54.5 M | 52.4 M | 38.5 M | 28.3 M | 20 M | 16.5 M | 13 M | 4.49 M | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
64.5 M | - | 451 M | 203 M | 141 M | 141 M | 141 M | 141 M | 141 M | 141 M | 141 M | 141 M | 141 M | 141 M | 141 M | 144 M | 149 M | 151 M | 152 M | 151 M | 151 M | 151 M | 153 M | 153 M | 154 M | 155 M | 154 M | 154 M | 154 M | 154 M | 156 M | 156 M | 156 M | 156 M | 155 M | 155 M | 148 M | 136 M | 115 M | 95.1 M | 89.2 M | 89.2 M | 89 M | 88.9 M | 76.8 M | -131 M | 66.5 M | 66.5 M | 63.6 M | 57.2 M | 57.2 M | 56.7 M | 56.7 M | 47.5 M | 47.5 M | 47.5 M | 47.5 M | 33.8 M | 33.8 M | 33.8 M | 33.8 M |
Net Income |
-50.9 M | - | -144 M | -87.8 M | -80.3 M | - | -107 M | -47.6 M | -53.4 M | - | -35.8 M | -31.5 M | -14.8 M | - | -6.79 M | -7.44 M | -7.62 M | - | -6.18 M | 7.03 M | 11.4 M | - | -1.36 M | 7.01 M | 13.9 M | 17 M | 58.8 M | 9.79 M | -39.4 M | 19.3 M | 17.4 M | 16.2 M | 48.6 M | 48.9 M | 11.1 M | 3.55 M | 20.5 M | 28.5 M | 1.85 M | 839 K | 2.25 M | -2.74 M | -3.9 M | -25.2 M | 19.2 M | 885 K | 11.4 M | 6.69 M | 4.53 M | 3.27 M | -5.69 M | -3.43 M | 317 K | -2.97 M | -3.4 M | -5.22 M | -2.64 M | -1.32 M | -2.67 M | -2.1 M | -2.51 M |
Revenue |
182 M | - | 187 M | 190 M | 198 M | - | 200 M | 218 M | 214 M | - | 231 M | 245 M | 252 M | - | 260 M | 251 M | 245 M | - | 228 M | 216 M | 213 M | - | 196 M | 199 M | 206 M | 217 M | 208 M | 197 M | 197 M | 198 M | 181 M | 175 M | 174 M | 189 M | 190 M | 180 M | 168 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
80.3 M | - | 82.7 M | 81.9 M | 85.2 M | - | 85.6 M | 105 M | 104 M | - | 119 M | 134 M | 141 M | - | 155 M | 152 M | 152 M | - | 144 M | 134 M | 135 M | - | 121 M | 126 M | 132 M | - | 129 M | 126 M | 125 M | - | 113 M | 113 M | 111 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36.4 M | 35.8 M | 35.1 M | 43.8 M | 36.2 M | 28.1 M | 28.5 M | 26.8 M | 23.7 M | 19.8 M | 19 M | 13.8 M | 4.16 M | 16.1 M | 13.3 M | 11.6 M | 12.6 M | 13.2 M | 11.2 M | - | 5.17 M | 7.31 M | 5.13 M | - | 4.53 M | 2.4 M | 5.46 M | - | 4.13 M | 4.42 M | 4.84 M |
Interest Expense |
158 K | - | 601 K | -93 K | 8 K | - | -28 K | 1.33 M | 143 K | - | 5 K | 138 K | 53.8 M | - | 37.3 M | -21 K | 30.8 M | - | 30.8 M | 30.7 M | 30.3 M | - | 29.8 M | 27.9 M | 26.4 M | - | 26.6 M | 26.6 M | 24.4 M | - | 20.1 M | 19.3 M | 20.5 M | - | 22.5 M | 21.7 M | 21.9 M | - | 19.9 M | 17.6 M | 17.3 M | - | 14.5 M | 14.1 M | 5.49 M | -19.5 M | 6.55 M | 6.44 M | 6.52 M | - | 7.32 M | 5.76 M | 5.59 M | - | 4.51 M | 4.58 M | 4.89 M | - | 4.07 M | 4.53 M | 4.64 M |
EBITDA |
80.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | 93.1 M | 91.4 M | 92.2 M | - | 88.6 M | 84.2 M | 82.8 M | - | 75.1 M | 73.5 M | 73.8 M | - | 69.8 M | 69.6 M | 68.5 M | - | 98.6 M | 96.5 M | 95.6 M | 43.8 M | 107 M | 104 M | 99.3 M | 26.8 M | 91.2 M | 85.9 M | 87.4 M | 13.8 M | 84.4 M | 89.7 M | 30.5 M | 31.9 M | 30 M | 31.1 M | 27.9 M | - | 25.4 M | 21.7 M | 23.6 M | - | 17.3 M | 15.6 M | 17.6 M | - | 15.2 M | 15 M | 16.2 M |
Operating Expenses |
195 M | - | 212 M | 231 M | 225 M | - | 221 M | 221 M | 222 M | - | 228 M | 229 M | 227 M | - | 218 M | 213 M | 205 M | - | 191 M | 183 M | 179 M | - | 168 M | 164 M | 167 M | 173 M | 166 M | 158 M | 159 M | 157 M | 144 M | 139 M | 139 M | -146 M | -154 M | -152 M | -140 M | -26.8 M | 141 M | 135 M | 135 M | -13.8 M | 147 M | - | - | -11.6 M | -12.6 M | -13.2 M | -11.2 M | - | - | -7.31 M | -5.13 M | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
12.6 M | - | 13.7 M | 27.8 M | 18.5 M | - | 19.5 M | 20.7 M | 19.7 M | - | 17.5 M | 18.9 M | 18.7 M | - | 19.8 M | 21.9 M | 20.5 M | - | 18.3 M | 17.1 M | 18.4 M | - | 17.4 M | 17.9 M | 18.6 M | - | 17.7 M | 18.3 M | 18.1 M | - | 14.3 M | 16.2 M | 15.6 M | - | 13 M | 14.5 M | 13.8 M | - | 13 M | 13 M | 12.5 M | - | 9.38 M | 10.4 M | 9.2 M | 9.1 M | 6.8 M | 6.58 M | 5.78 M | - | 5.02 M | 5.19 M | 4.99 M | - | 4.08 M | 4.15 M | 4.51 M | - | 2.84 M | 3.06 M | 3.15 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Hudson Pacific Properties (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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