HPP Q2 2023 Earnings — Hudson Pacific Properties, Inc. Revenue & Financial Results | Market Cap Arena

HPPHudson Pacific Properties, Inc.

$360M

Q2 2023 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$244M-2.8% YoY

Gross Profit

$136M55.4% margin

Operating Income

$117M47.7% margin

Net Income

-$31M-12.5% margin

EPS (Diluted)

$-1.82

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$58M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$9.1B

Total Liabilities

$5.3B

Stockholders' Equity

$3.2B

Cash & Equivalents

$109M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$244M	$251M	-2.8%
Gross Profit	$136M	$61M	+120.6%
Operating Income	$117M	$38M	+208.4%
Net Income	-$31M	-$2M	-1484.0%

Revenue Segments

Office Segment

$207M85%

Studio Segment

$38M15%