HPP Q1 2024 Earnings — Hudson Pacific Properties, Inc. Revenue & Financial Results | Market Cap Arena

HPPHudson Pacific Properties, Inc.

$360M

Q1 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$214M-14.9% YoY

Gross Profit

$104M48.6% margin

Operating Income

-$8M-3.5% margin

Net Income

-$48M-22.4% margin

EPS (Diluted)

$-2.59

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$60M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$8.3B

Total Liabilities

$4.8B

Stockholders' Equity

$3.2B

Cash & Equivalents

$114M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$214M	$252M	-14.9%
Gross Profit	$104M	$139M	-25.2%
Operating Income	-$8M	$120M	-106.3%
Net Income	-$48M	-$15M	-227.4%

Revenue Segments

Office Segment

$175M82%

Studio Segment

$39M18%