HPP Q4 2023 Earnings — Hudson Pacific Properties, Inc. Revenue & Financial Results | Market Cap Arena

HPPHudson Pacific Properties, Inc.

$360M

Q4 2023 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$222M-17.9% YoY

Gross Profit

$106M47.8% margin

Operating Income

$86M38.9% margin

Net Income

-$93M-41.8% margin

EPS (Diluted)

$-4.90

QoQ Revenue Growth

-4.2%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$8M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$8.3B

Total Liabilities

$4.7B

Stockholders' Equity

$3.1B

Cash & Equivalents

$100M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$222M	$270M	-17.9%
Gross Profit	$106M	$152M	-30.3%
Operating Income	$86M	$38M	+126.0%
Net Income	-$93M	-$6M	-1331.1%

Revenue Segments

Office Segment

$195M87%

Studio Segment

$29M13%