HPP Q1 2023 Earnings — Hudson Pacific Properties, Inc. Revenue & Financial Results | Market Cap Arena

HPPHudson Pacific Properties, Inc.

$360M

Q1 2023 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$252M+2.9% YoY

Gross Profit

$139M55.3% margin

Operating Income

$120M47.8% margin

Net Income

-$15M-5.8% margin

EPS (Diluted)

$-0.98

QoQ Revenue Growth

-6.8%

Cash Flow

Operating Cash Flow

$93M

Free Cash Flow

$92M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$9.1B

Total Liabilities

$5.3B

Stockholders' Equity

$3.3B

Cash & Equivalents

$163M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$252M	$245M	+2.9%
Gross Profit	$139M	$151M	-7.8%
Operating Income	$120M	$38M	+215.9%
Net Income	-$15M	-$14M	-4.4%

Revenue Segments

Office Segment

$207M82%

Studio Segment

$46M18%