HPP Q2 2024 Earnings — Hudson Pacific Properties, Inc. Revenue & Financial Results | Market Cap Arena

HPPHudson Pacific Properties, Inc.

$360M

Q2 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$218M-10.8% YoY

Gross Profit

$105M48.0% margin

Operating Income

-$3M-1.3% margin

Net Income

-$43M-19.7% margin

EPS (Diluted)

$-2.31

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$30M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$8.4B

Total Liabilities

$4.9B

Stockholders' Equity

$3.1B

Cash & Equivalents

$78M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$218M	$244M	-10.8%
Gross Profit	$105M	$136M	-22.7%
Operating Income	-$3M	$117M	-102.4%
Net Income	-$43M	-$31M	-39.7%

Revenue Segments

Office Segment

$176M81%

Studio Segment

$42M19%