HPP Q3 2024 Earnings — Hudson Pacific Properties, Inc. Revenue & Financial Results | Market Cap Arena

HPPHudson Pacific Properties, Inc.

$360M

Q3 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$200M-13.4% YoY

Gross Profit

$86M42.7% margin

Operating Income

-$21M-10.3% margin

Net Income

-$95M-47.5% margin

EPS (Diluted)

$-4.83

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$56M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$8.3B

Total Liabilities

$5.0B

Stockholders' Equity

$3.0B

Cash & Equivalents

$91M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$200M	$231M	-13.4%
Gross Profit	$86M	$119M	-28.3%
Operating Income	-$21M	$101M	-120.5%
Net Income	-$95M	-$33M	-188.1%

Revenue Segments

Office Segment

$167M83%

Studio Segment

$33M17%