HPP Q3 2023 Earnings — Hudson Pacific Properties, Inc. Revenue & Financial Results | Market Cap Arena

HPPHudson Pacific Properties, Inc.

$360M

Q3 2023 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$231M-11.1% YoY

Gross Profit

$119M51.5% margin

Operating Income

$101M43.6% margin

Net Income

-$33M-14.3% margin

EPS (Diluted)

$-1.89

QoQ Revenue Growth

-5.3%

Cash Flow

Operating Cash Flow

$71M

Free Cash Flow

$69M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$9.0B

Total Liabilities

$5.3B

Stockholders' Equity

$3.2B

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$231M	$260M	-11.1%
Gross Profit	$119M	$154M	-22.7%
Operating Income	$101M	$46M	+121.1%
Net Income	-$33M	-$12M	-180.6%

Revenue Segments

Office Segment

$204M88%

Studio Segment

$28M12%