XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Investment in real estate, at cost $ 8,178,529 $ 8,212,896
Accumulated depreciation and amortization (1,736,720) (1,728,437)
Investment in real estate, net 6,441,809 6,484,459
Non-real estate property, plant and equipment, net 119,750 118,783
Cash and cash equivalents 114,305 100,391
Restricted cash 19,267 18,765
Accounts receivable, net 23,980 24,609
Straight-line rent receivables, net 217,685 220,787
Deferred leasing costs and intangible assets, net 319,214 326,950
Operating lease right-of-use assets 370,056 376,306
Prepaid expenses and other assets, net 90,812 94,145
Investment in unconsolidated real estate entities 270,440 252,711
Goodwill 264,144 264,144
TOTAL ASSETS 8,251,462 8,282,050
Liabilities    
Accounts payable, accrued liabilities and other 203,194 203,736
Operating lease liabilities 383,993 389,210
Intangible liabilities, net 26,305 27,751
Security deposits, prepaid rent and other 87,047 88,734
Total liabilities 4,800,975 4,720,881
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership 9,815 9,815
Redeemable non-controlling interest in consolidated real estate entities 52,108 57,182
Hudson Pacific Properties, Inc. stockholders' equity:    
Common stock, $0.01 par value, 481,600,000 authorized, 141,144,592 and 141,034,806 shares outstanding at March 31, 2024 and December 31, 2023, respectively 1,403 1,403
Additional paid-in capital 2,753,640 2,651,798
Accumulated other comprehensive income (loss) 3,033 (187)
Total Hudson Pacific Properties, Inc. stockholders’ equity 3,183,076 3,078,014
Total equity 3,388,564 3,494,172
TOTAL LIABILITIES AND EQUITY 8,251,462 8,282,050
Non-controlling interest—members in consolidated real estate entities    
Hudson Pacific Properties, Inc. stockholders' equity:    
Non-controlling interest 120,526 335,439
Non-controlling interest—units in the operating partnership    
Hudson Pacific Properties, Inc. stockholders' equity:    
Non-controlling interest 84,962 80,719
4.750% Series C Cumulative Redeemable Preferred Stock    
Hudson Pacific Properties, Inc. stockholders' equity:    
4.750% Series C cumulative redeemable preferred stock, $0.01 par value, $25.00 per share liquidation preference, 18,400,000 authorized, 17,000,000 shares outstanding at March 31, 2024 and December 31, 2023 425,000 425,000
Unsecured and secured debt, net    
Liabilities    
Debt, net 4,034,300 3,945,314
Joint venture partner debt    
Liabilities    
Debt, net $ 66,136 $ 66,136