Hudson Pacific Properties (HPP) 10-Q 6 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 01, 2019
Entity Information [Line Items]
Entity Registrant Name	Hudson Pacific Properties, Inc.
Entity Central Index Key	0001482512
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		154,375,000
Hudson Pacific Partners L.P.
Entity Information [Line Items]
Entity Registrant Name	Hudson Pacific Properties, L.P.
Entity Central Index Key	0001496264
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Investment in real estate, at cost	$ 6,990,420	$ 7,059,537
Accumulated depreciation and amortization	(739,334)	(695,631)
Investment in real estate, net	6,251,086	6,363,906
Cash and cash equivalents	52,445	53,740
Restricted cash	13,626	14,451
Accounts receivable, net	17,969	14,004
Straight-line rent receivables, net	159,004	142,369
Deferred leasing costs and lease intangible assets, net	280,193	279,896
U.S. Government securities	144,992	146,880
Operating lease right-of-use asset	272,051	0
Prepaid expenses and other assets, net	82,441	55,633
Assets associated with real estate held for sale	99,821	0
TOTAL ASSETS	7,373,628	7,070,879
LIABILITIES AND EQUITY
Accounts payable, accrued liabilities and other	208,047	175,300
Operating lease liability	274,626	0
Lease intangible liabilities, net	41,112	45,612
Security deposits and prepaid rent	69,251	68,687
Liabilities associated with real estate held for sale	732	0
TOTAL LIABILITIES	3,508,953	3,117,793
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entity	114,616	113,141
Hudson Pacific Properties, Inc. stockholders’ equity:
Common stock, $0.01 par value, 490,000,000 authorized, 155,649,125 shares and 154,371,538 shares outstanding at March 31, 2019 and December 31, 2018, respectively	1,543	1,543
Additional paid-in capital	3,485,307	3,524,502
Accumulated other comprehensive income	9,674	17,501
Accumulated deficit	(41,189)	0
Total Hudson Pacific Properties, Inc. stockholders’ equity	3,455,335	3,543,546
Hudson Pacific Properties, L.P. partners’ capital:
TOTAL EQUITY	3,740,244	3,830,130
TOTAL LIABILITIES AND EQUITY	7,373,628	7,070,879
Hudson Pacific Partners L.P.
ASSETS
Investment in real estate, at cost	6,990,420	7,059,537
Accumulated depreciation and amortization	(739,334)	(695,631)
Investment in real estate, net	6,251,086	6,363,906
Cash and cash equivalents	52,445	53,740
Restricted cash	13,626	14,451
Accounts receivable, net	17,969	14,004
Straight-line rent receivables, net	159,004	142,369
Deferred leasing costs and lease intangible assets, net	280,193	279,896
U.S. Government securities	144,992	146,880
Operating lease right-of-use asset	272,051
Prepaid expenses and other assets, net	82,441	55,633
Assets associated with real estate held for sale	99,821	0
TOTAL ASSETS	7,373,628	7,070,879
LIABILITIES AND EQUITY
Accounts payable, accrued liabilities and other	208,047	175,300
Operating lease liability	274,626
Lease intangible liabilities, net	69,251	68,687
Security deposits and prepaid rent	41,112	45,612
Liabilities associated with real estate held for sale	732	0
TOTAL LIABILITIES	3,508,953	3,117,793
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entity	114,616	113,141
Hudson Pacific Properties, Inc. stockholders’ equity:
Accumulated other comprehensive income	9,701	17,565
Hudson Pacific Properties, L.P. partners’ capital:
Common units, 156,218,170 and 154,940,583 issued and outstanding at March 31, 2019 and December 31, 2018, respectively.	3,463,504	3,544,319
Total Hudson Pacific Properties, L.P. partners’ capital	3,473,205	3,561,884
Non-controlling interest—members in consolidated entities	267,039	268,246
TOTAL CAPITAL	3,740,244	3,830,130
TOTAL LIABILITIES AND EQUITY	7,373,628	7,070,879
Non-controlling interest—members in consolidated entities
Hudson Pacific Properties, L.P. partners’ capital:
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership	267,039	268,246
Non-controlling interest—units in the operating partnership
Hudson Pacific Properties, L.P. partners’ capital:
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership	17,870	18,338
TOTAL EQUITY	17,870	18,338
Unsecured and secured debt, net
LIABILITIES AND EQUITY
Notes payable, net	2,711,632	2,623,835
Unsecured and secured debt, net | Hudson Pacific Partners L.P.
LIABILITIES AND EQUITY
Notes payable, net	2,711,632	2,623,835
In-Substance Defeased Debt
LIABILITIES AND EQUITY
Notes payable, net	137,417	138,223
In-Substance Defeased Debt | Hudson Pacific Partners L.P.
LIABILITIES AND EQUITY
Notes payable, net	137,417	138,223
Joint Venture Partner Debt
LIABILITIES AND EQUITY
Notes payable, net	66,136	66,136
Joint Venture Partner Debt | Hudson Pacific Partners L.P.
LIABILITIES AND EQUITY
Notes payable, net	$ 66,136	$ 66,136

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Common Stock:
Common Stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	490,000,000	490,000,000
Common Units, shares outstanding (in shares)	154,373,581	154,371,538
Common Units | Hudson Pacific Partners L.P.
Common Stock:
Common Units, shares outstanding (in shares)	155,094,354	154,940,583
Common Units, shares issued (in shares)	156,218,170	154,940,583

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
REVENUES
Revenues, Total	$ 197,389	$ 174,118
OPERATING EXPENSES
Operating expenses	71,924	62,904
General and administrative	18,094	15,564
Depreciation and amortization	68,505	60,553
Total operating expense	158,523	139,021
OTHER EXPENSE (INCOME)
Interest expense	24,350	20,503
Interest income	(1,024)	(9)
Transaction-related expenses	128	118
Other income	106	(404)
Gains on sale of real estate	0	(37,674)
Impairment loss	(52,201)	0
Total other expenses	75,761	(17,466)
Net (loss) income	(36,895)	52,563
Net income attributable to preferred units	(153)	(159)
Net income attributable to participating securities	(308)	(327)
Net income attributable to non-controlling interest in consolidated entities	(2,821)	(3,323)
Net income attributable to redeemable non-controlling interest in consolidated real estate entities	600	0
Net income attributable to non-controlling interest in the operating partnership	185	(177)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders	(39,392)	48,577
Comprehensive income attributable to preferred units	$ (153)	$ (159)
Basic and diluted per share/unit amounts:
Net income attributable to common stockholders - basic (in dollars per share)	$ (0.26)	$ 0.31
Net income attributable to common stockholders - diluted (in dollars per share)	$ (0.26)	$ 0.31
Weighted average shares of common stock outstanding—basic (in shares)	154,396,159	155,626,055
Weighted average shares of common stock outstanding - diluted (in shares)	154,396,159	156,714,822
Hudson Pacific Partners L.P.
REVENUES
Revenues, Total	$ 197,389	$ 174,118
OPERATING EXPENSES
General and administrative	18,094	15,564
Depreciation and amortization	68,505	60,553
Total operating expense	158,523	139,021
OTHER EXPENSE (INCOME)
Interest expense	24,350	20,503
Interest income	(1,024)	(9)
Transaction-related expenses	128	118
Other income	106	(404)
Gains on sale of real estate	0	(37,674)
Total other expenses	75,761	(17,466)
Net (loss) income	(36,895)	52,563
Net income attributable to participating securities	(308)	(327)
Net income attributable to non-controlling interest in consolidated entities	(2,821)	(3,323)
Net income attributable to redeemable non-controlling interest in consolidated real estate entities	600	0
Net income attributable to Hudson Pacific Properties, Inc. common stockholders	(39,577)	48,754
Comprehensive income attributable to preferred units	(153)	(159)
Net income attributable to Hudson Pacific Properties, L.P.	$ (39,116)	$ 49,240
Basic and diluted per share/unit amounts:
Net (loss) income attributable to common unitholders —basic (in dollars per share)	$ (0.26)	$ 0.31
Net (loss) income attributable to common unitholders —diluted (in dollars per share)	$ (0.26)	$ 0.31
Weighted average shares of common units outstanding—basic (in shares)	155,120,144	156,195,100
Weighted average shares of common units outstanding—diluted (in shares)	155,120,144	157,283,867
Office
REVENUES
Rental	$ 170,197	$ 130,082
Tenant recoveries (Note 2)	0	20,904
Revenues, Total	175,858	156,532
OPERATING EXPENSES
Operating expenses	60,815	53,240
Office | Hudson Pacific Partners L.P.
REVENUES
Rental	170,197	130,082
Tenant recoveries (Note 2)	0	20,904
Revenues, Total	175,858	156,532
OPERATING EXPENSES
Operating expenses	60,815	53,240
Office | Service revenues (Note 2)
REVENUES
Revenues	5,661	5,546
Office | Service revenues (Note 2) | Hudson Pacific Partners L.P.
REVENUES
Revenues	5,661	5,546
Studio
REVENUES
Rental	12,394	10,383
Tenant recoveries (Note 2)	0	354
Revenues, Total	21,531	17,586
OPERATING EXPENSES
Operating expenses	11,109	9,664
Studio | Hudson Pacific Partners L.P.
REVENUES
Rental	12,394	10,383
Tenant recoveries (Note 2)	0	354
Revenues, Total	21,531	17,586
OPERATING EXPENSES
Operating expenses	11,109	9,664
Studio | Service revenues and other (Note 2)
REVENUES
Revenues	9,137	6,849
Studio | Service revenues and other (Note 2) | Hudson Pacific Partners L.P.
REVENUES
Revenues	$ 9,137	$ 6,849

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net (loss) income	$ (36,895)	$ 52,563
Other comprehensive (loss) income: change in fair value of derivatives	(7,864)
Other comprehensive income: change in fair value of derivatives	(7,864)	9,513
Comprehensive (loss) income	(44,759)	62,076
Comprehensive income attributable to preferred units	(153)	(159)
Comprehensive income attributable to participating securities	(308)	(391)
Comprehensive income attributable to non-controlling interest in consolidated entities	(2,821)	(3,323)
Comprehensive loss attributable to redeemable non-controlling interest in consolidated real estate entities	600	0
Comprehensive loss (income) attributable to non-controlling interest in the operating partnership	222	(211)
Comprehensive income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P. partners' capital	(47,219)	57,992
Hudson Pacific Partners L.P.
Net (loss) income	(36,895)	52,563
Other comprehensive (loss) income: change in fair value of derivatives	(7,864)
Other comprehensive income: change in fair value of derivatives	(7,864)	9,513
Comprehensive (loss) income	(44,759)	62,076
Comprehensive income attributable to preferred units	(153)	(159)
Comprehensive income attributable to participating securities	(308)	(391)
Comprehensive income attributable to non-controlling interest in consolidated entities	(2,821)	(3,323)
Comprehensive loss attributable to redeemable non-controlling interest in consolidated real estate entities	600	0
Comprehensive income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P. partners' capital	$ (47,441)	$ 58,203

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income	Non-controlling interest—units in the operating partnership	Non-controlling Interest Members In Consolidated Entities
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative adjustment related to adoption of ASUs	$ 0			$ (231)	$ 230	$ 1
Beginning Balance at Dec. 31, 2017	3,910,964	$ 1,556	$ 3,622,988	0	13,227	14,591	$ 258,602
Beginning balance (in shares) at Dec. 31, 2017		155,602,508
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions	2,691						2,691
Distributions	(1,060)						(1,060)
Proceeds from sale of common stock, net of underwriters discount and transaction costs	(173)		(173)
Issuance of unrestricted stock	0
Issuance of unrestricted stock (in shares)		43,900
Shares withheld to satisfy tax withholding	(693)		(693)
Shares withheld to satisy tax withholding (in shares)		(20,353)
Declared dividend	(39,351)			(39,173)		(178)
Amortization of restricted shares	4,570		3,551			1,019
Net (loss) income	52,404			48,904		177	3,323
Change in fair value of derivatives	9,513				9,479	34
Ending Balance at Mar. 31, 2018	3,938,865	$ 1,556	3,625,673	9,500	22,936	15,644	263,556
Ending balance (in shares) at Mar. 31, 2018		155,626,055
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative adjustment related to adoption of ASUs	(2,105)			(2,105)
Beginning Balance at Dec. 31, 2018	$ 3,830,130	$ 1,543	3,524,502	0	17,501	18,338	268,246
Beginning balance (in shares) at Dec. 31, 2018	154,371,538	154,371,538
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions	$ (4,028)						(4,028)
Issuance of unrestricted stock	0	$ 1	(1)
Issuance of unrestricted stock (in shares)		128,923
Shares withheld to satisfy tax withholding	(3,668)	$ (1)	(3,667)
Shares withheld to satisy tax withholding (in shares)		(126,880)
Declared dividend	(40,427)		(39,241)			(1,186)
Amortization of restricted shares	5,179		3,714			1,465
Net (loss) income	(36,448)			(39,084)		(185)	2,821
Change in fair value of derivatives	(7,864)				(7,827)	(37)
Redemption of series A	(525)					(525)
Ending Balance at Mar. 31, 2019	$ 3,740,244	$ 1,543	$ 3,485,307	$ (41,189)	$ 9,674	$ 17,870	$ 267,039
Ending balance (in shares) at Mar. 31, 2019	154,373,581	154,373,581

CONSOLIDATED STATEMENTS OF CAPI

CONSOLIDATED STATEMENTS OF CAPITAL - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance (in shares)	154,371,538
Cumulative adjustment related to adoption of ASUs			$ (2,105)	$ 0
Contributions		$ 2,691
Distributions	$ (4,028)	(1,060)
Proceeds from sale of common units, net of underwriters’ discount and transaction costs		(173)
Issuance of unrestricted units	0	0
Units withheld to satisfy tax withholding	(3,668)	(693)
Declared distributions	(40,427)	(39,351)
Amortization of unit-based compensation	5,179	4,570
Net (loss) income	(36,448)	52,404
Change in fair value of derivatives	$ (7,864)	9,513
Ending balance (in shares)	154,373,581
Hudson Pacific Partners L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 3,830,130	3,910,964
Cumulative adjustment related to adoption of ASUs			(2,105)	0
Contributions		2,691
Distributions	(4,028)	(1,060)
Proceeds from sale of common units, net of underwriters’ discount and transaction costs		(173)
Issuance of unrestricted units	0	0
Units withheld to satisfy tax withholding	(3,668)	(693)
Declared distributions	(40,427)	(39,351)
Amortization of unit-based compensation	5,179	4,570
Net (loss) income	(36,448)	52,404
Change in fair value of derivatives	(7,864)	9,513
Redemption of common units	525
Ending balance	3,740,244	3,938,865
Hudson Pacific Partners L.P. | Total Partners’ Capital
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	3,561,884	3,652,362
Cumulative adjustment related to adoption of ASUs			(2,105)
Proceeds from sale of common units, net of underwriters’ discount and transaction costs		(173)
Units withheld to satisfy tax withholding	(3,668)	(693)
Declared distributions	(40,427)	(39,351)
Amortization of unit-based compensation	5,179	4,570
Net (loss) income	(39,269)	49,081
Change in fair value of derivatives	(7,864)	9,513
Redemption of common units	525
Ending balance	3,473,205	3,675,309
Hudson Pacific Partners L.P. | Common Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 3,544,319	$ 3,639,086
Beginning balance (in shares)	154,940,583	156,171,553
Cumulative adjustment related to adoption of ASUs			$ (2,105)	(231)
Proceeds from sale of common units, net of underwriters’ discount and transaction costs		$ (173)
Proceeds from sale of common stock, net of underwriters' discount and transaction costs (in shares)		0
Issuance of unrestricted units	$ 0
Issuance of unrestricted stock (in shares)	298,727	43,900
Units withheld to satisfy tax withholding	$ (3,668)	$ (693)
Units withheld to satisfy tax withholding (in shares)	(126,880)	(20,353)
Declared distributions	$ (40,427)	$ (39,351)
Amortization of unit-based compensation	5,179	4,570
Net (loss) income	(39,269)	49,081
Redemption of common units	$ 525
Redemption of common units (in shares)	(18,076)
Ending balance	$ 3,463,504	$ 3,652,289
Ending balance (in shares)	155,094,354	156,195,100
Hudson Pacific Partners L.P. | Accumulated Other Comprehensive Income
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 17,565	$ 13,276
Cumulative adjustment related to adoption of ASUs				$ 231
Change in fair value of derivatives	(7,864)	9,513
Ending balance	9,701	23,020
Hudson Pacific Partners L.P. | Non-controlling Interest Members In Consolidated Entities
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	268,246	258,602
Contributions		2,691
Distributions	(4,028)	(1,060)
Net (loss) income	2,821	3,323
Ending balance	$ 267,039	$ 263,556

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ (36,895)	$ 52,563
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	68,505	60,553
Non-cash portion of interest expense	1,591	1,658
Amortization of stock-based/unit-based compensation	5,150	4,338
Straight-line rents	(16,635)	(9,942)
Straight-line rent expenses	366	136
Amortization of above- and below-market leases, net	(4,179)	(3,811)
Amortization of above- and below-market ground lease, net	615	624
Amortization of lease incentive costs	326	303
Other non-cash adjustments	0	256
Impairment loss	52,201	0
Gains on sale of real estate	0	(37,674)
Change in operating assets and liabilities:
Accounts receivable	(4,263)	(1,782)
Deferred leasing costs and lease intangibles	(13,675)	(6,614)
Prepaid expenses and other assets	2,771	3,313
Accounts payable and accrued liabilities and other	33,004	(33)
Security deposits and prepaid rent	564	559
Net cash provided by operating activities	89,446	64,447
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(94,615)	(103,512)
Maturities of U.S. government securities	1,932	0
Proceeds from sale of real estate	0	237,004
Proceeds from repayment of notes receivable	(35,584)	0
Net cash used in investing activities	(128,267)	133,492
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	430,001	130,000
Payments of unsecured and secured debt	(335,145)	(308,529)
Proceeds from joint venture partner debt	(806)	0
Proceeds from issuance of common stock/units, net	0	(173)
Repurchase of common units in the operating partnership	(525)	0
Dividends paid to common stock and unitholders	(40,427)	(39,351)
Dividends paid to preferred unit-holders	(153)	(159)
Contribution of redeemable non-controlling member in consolidated real estate entities	2,075	0
Contribution of non-controlling member in consolidated real estate entities	0	2,691
Distribution to non-controlling member in consolidated real estate entities	(4,028)	(1,060)
Payments to satisfy tax withholding	(3,668)	(693)
Payments of loan costs	(10,623)	(6,965)
Net cash (used in) provided by financing activities	36,701	(224,239)
Net (decrease) increase in cash and cash equivalents and restricted cash	(2,120)	(26,300)
Cash and cash equivalents and restricted cash—beginning of period	68,191	101,280
Cash and cash equivalents and restricted cash—end of period	66,071	74,980
Hudson Pacific Partners L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	(36,895)	52,563
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	68,505	60,553
Non-cash portion of interest expense	1,591	1,658
Amortization of stock-based/unit-based compensation	5,150	4,338
Straight-line rents	(16,635)	(9,942)
Straight-line rent expenses	366	136
Amortization of above- and below-market leases, net	(4,179)	(3,811)
Amortization of above- and below-market ground lease, net	615	624
Amortization of lease incentive costs	326	303
Other non-cash adjustments	0	256
Impairment loss	52,201	0
Gains on sale of real estate	0	(37,674)
Change in operating assets and liabilities:
Accounts receivable	(4,263)	(1,782)
Deferred leasing costs and lease intangibles	(13,675)	(6,614)
Prepaid expenses and other assets	2,771	3,313
Accounts payable and accrued liabilities and other	33,004	(33)
Security deposits and prepaid rent	564	559
Net cash provided by operating activities	89,446	64,447
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(94,615)	(103,512)
Maturities of U.S. government securities	1,932	0
Proceeds from sale of real estate	0	237,004
Proceeds from repayment of notes receivable	(35,584)	0
Net cash used in investing activities	(128,267)	133,492
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	430,001	130,000
Payments of unsecured and secured debt	(335,145)	(308,529)
Proceeds from joint venture partner debt	(806)	0
Proceeds from issuance of common stock/units, net	0	(173)
Repurchase of common units in the operating partnership	(525)	0
Dividends paid to common stock and unitholders	(40,427)	(39,351)
Dividends paid to preferred unit-holders	(153)	(159)
Contribution of redeemable non-controlling member in consolidated real estate entities	2,075	0
Contribution of non-controlling member in consolidated real estate entities	0	2,691
Distribution to non-controlling member in consolidated real estate entities	(4,028)	(1,060)
Payments to satisfy tax withholding	(3,668)	(693)
Payments of loan costs	(10,623)	(6,965)
Net cash (used in) provided by financing activities	36,701	(224,239)
Net (decrease) increase in cash and cash equivalents and restricted cash	(2,120)	(26,300)
Cash and cash equivalents and restricted cash—beginning of period	68,191	101,280
Cash and cash equivalents and restricted cash—end of period	$ 66,071	$ 74,980

Organization

Organization	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Hudson Pacific Properties, Inc. is a Maryland corporation formed on November 9, 2009 as a fully integrated, self-administered and self-managed real estate investment trust (“REIT”). Through its controlling interest in the operating partnership and its subsidiaries, Hudson Pacific Properties, Inc. owns, manages, leases, acquires and develops real estate, consisting primarily of office and studio properties. Unless otherwise indicated or unless the context requires otherwise, all references in these financial statements to “the Company” refer to Hudson Pacific Properties, Inc. together with its consolidated subsidiaries, including Hudson Pacific Properties, L.P. Unless otherwise indicated or unless the context requires otherwise, all references to “our operating partnership” or “the operating partnership” refer to Hudson Pacific Properties, L.P. together with its consolidated subsidiaries. The Company’s portfolio consists of properties located throughout Northern and Southern California and the Pacific Northwest. The following table summarizes the Company’s portfolio as of March 31, 2019: Segments Number of Properties Square Feet (unaudited) Office 52 13,866,793 Studio 3 1,224,403 TOTAL (1) 55 15,091,196 _________________ 1. Includes redevelopment , development and held for sale properties.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements of the Company and the operating partnership are prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to the Securities and Exchange Commission (“SEC”) rules and regulations. Accordingly, the interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying interim financial statements reflect all adjustments of a normal and recurring nature that are considered necessary for a fair presentation of the results for the interim periods presented. References to number of properties and square-feet are not covered by the auditor’s review procedures. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ended December 31, 2019. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements in the 2018 Annual Report on Form 10-K of Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. and the notes thereto. Principles of Consolidation The unaudited interim consolidated financial statements of the Company include the accounts of the Company, the operating partnership and all wholly owned and controlled subsidiaries. The consolidated financial statements of the operating partnership include the accounts of the operating partnership and all wholly owned and controlled subsidiaries. All intercompany balances and transactions have been eliminated in the consolidated financial statements. Under the consolidation guidance, the Company first evaluates an entity using the variable interest model, then the voting model. The Company ultimately consolidates all entities that the Company controls through either majority ownership or voting rights, including all variable interest entities (“VIEs”) of which the Company is considered the primary beneficiary. The Company accounts for all other unconsolidated joint ventures using the equity method of accounting. In addition, the Company continually evaluates each legal entity that is not wholly owned for reconsideration based on changing circumstances. VIEs are defined as entities in which equity investors do not have: • the characteristics of a controlling financial interest; • sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties; and/or • the entity is structured with non-substantive voting rights. The entity that consolidates a VIE is known as its primary beneficiary and is generally the entity with both the power to direct the activities that most significantly affect the VIE’s economic performance and the right to receive benefits from the VIE or the obligation to absorb losses of the VIE that could be significant to the VIE. As of March 31, 2019, the Company has determined its operating partnership and five joint ventures met the definition of a VIE. Four of the joint ventures are consolidated entities and one joint venture is an unconsolidated entity. Consolidated Entities As of March 31, 2019, the operating partnership has determined that four of its joint ventures met the definition of a VIE and are consolidated: Entity Property Ownership Interest Hudson 1455 Market, L.P. 1455 Market 55.0 % Hudson 1099 Stewart, L.P. Hill7 55.0 % HPP-MAC WSP, LLC One Westside and 10850 Pico 75.0 % Hudson One Ferry REIT, L.P. Ferry Building 55.0 % As of March 31, 2019 and December 31, 2018, the Company has determined that its operating partnership met the definition of a VIE and is consolidated. Substantially all of the assets and liabilities of the Company are related to these VIEs. Unconsolidated Entity As of March 31, 2019, the Company has determined it is not the primary beneficiary of one joint venture. Due to its significant influence over the unconsolidated entity, the Company accounts for it using the equity method of accounting. Under the equity method, the Company initially records the investment at cost and subsequently adjusts for equity in earnings or losses and cash contributions and distributions. The Company’s share of net income or loss from the entity is included within other income on the Consolidated Statements of Operations. The Company’s net equity investment of the unconsolidated entity of $86 thousand and $86 thousand as of March 31, 2019 and December 31, 2018, respectively, is reflected within prepaid expenses and other assets on the Consolidated Balance Sheets, which represents the Company’s maximum exposure for loss. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate properties, determining the incremental borrowing rate used in the present value calculations of its new or modified operating lessee agreements, its accrued liabilities and its performance-based equity compensation awards. The Company bases its estimates on historical experience, current market conditions and various other assumptions that are believed to be reasonable under the circumstances. Actual results could materially differ from these estimates. Lease Accounting In February 2016, the FASB issued guidance codified in ASC 842, Leases (“ASC 842”), which amends the guidance in former ASC 840, Leases (“ASC 840”). The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a lease agreement (i.e., lessees and lessors). The new standard increases transparency and comparability most significantly by requiring the recognition by lessees of right-of-use (“ROU”) assets and lease liabilities on the balance sheet for those leases classified as operating leases. The Company adopted ASC 842 on January 1, 2019 using the modified retrospective transition approach that must be applied for leases that exist or are entered into after January 1, 2019. ASC 842 requires companies to identify lease and non-lease components of a lease agreement. Lease components relate to the right to use the leased asset whereas non-lease components relate to payments for goods or services that are transferred separately from the right to use the underlying asset. ASC 842 provides transition practical expedients that must be elected together that allow entities to not (i) reassess whether any expired or existing contracts are considered or contain leases; (ii) reassess the lease classification for any expired or existing leases; and (iii) reassess initial direct costs for any existing leases that are in effect as of the date of adoption. Additionally, the guidance allows an entity to elect a practical expedient to not assess whether an existing or expired land easement that was not previously accounted for as a lease under ASC 840 is considered in a lease under ASC 842. For lessors, the guidance provides for a practical expedient, by class of underlying asset, to elect a combined single lease component presentation if (i) the timing and pattern of the transfer of the combined single lease component is the same, and (ii) the related lease component, if accounted for separately, would be classified as an operating lease. The Company elected the practical expedients above. The lessor practical expedient to combine lease and non-lease components was elected only for the Company’s leases related to the office properties. For the Company’s studio properties, the timing and pattern of the transfer of the lease components and non-lease components for studio properties are not the same and therefore the Company could not elect this practical expedient for the Company’s studio properties. The standalone selling price related to the studio non-lease components is readily available and does not require estimates. Lessee Accounting The Company determines if an arrangement is a lease at inception. The Company’s operating lease agreements relate to ground lease assets and are reflected in operating lease ROU assets and operating lease liabilities on the Consolidated Balance Sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Variable lease payments are excluded from the ROU assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date, or the date of the ASC 842 adoption, in determining the present value of lease payments. The weighted average incremental borrowing rate used to calculate the ROU assets and liabilities was 5.7%. ROU assets also include any lease payments made and exclude lease incentives. Many of the Company’s lessee agreements include options to extend the lease, which we do not include in its minimum lease terms unless they are reasonably certain to be exercised. Rental expense for lease payments related to operating leases is recognized on a straight-line basis over the lease term. The weighted average remaining lease term, as of March 31, 2019, was 33 years. Lessor Accounting As a lessor, the Company’s recognition of revenue remained consistent with previous guidance, apart from the narrower definition of initial direct costs that can be capitalized. With the election of the lessor practical expedient, the presentation of revenues on the Consolidated Statement of Operations has changed to reflect a single lease component which combines rental, tenant recoveries, and other tenant-related revenues for the office portfolio. For the Company’s rentals at the studio properties, total lease consideration is allocated to lease and non-lease components on a relative standalone basis. The recognition of revenues related to lease components is governed by ASC 842, while revenue related to non-lease components is be subject to ASC 606. The new standard defines initial direct costs as only the incremental costs of signing a lease. Internal direct compensation costs and external legal fees related to the execution of successful lease agreements that no longer meet the definition of initial direct costs under ASC 842 will be accounted for as office operating expense or studio operating expense in the Company’s Consolidated Statements of Operations. Additionally, the Company may elect the practical expedients only for leases that have commenced before the effective date of the adoption of ASC 842. As a result of the adoption, the Company recognized $1.8 million as a cumulative adjustment to accumulated deficit for costs associated with leases that have not commenced as of January 1, 2019, that were previously capitalized and no longer meet the definition of initial direct costs in accordance with ASC 842. The Company recognized $0.3 million as cumulative adjustments to accumulated deficit related to other transition adjustments. Revenue Recognition The Company has compiled an inventory of its sources of revenues and has identified the following material revenue streams: (i) rental revenues (ii) tenant recoveries and other tenant-related revenues (iii) ancillary revenues (iv) guest parking revenues and (v) sale of real estate. Revenue Stream Components Financial Statement Location (1) Rental revenues Office rentals, stage rentals and storage rentals Office and studio segments: rental Tenant recoveries and other tenant-related revenues Reimbursement of real estate taxes, insurance, repairs and maintenance, other operating expenses and must take parking revenues Office segment: rental Ancillary revenues Revenues derived from tenants’ use of lighting, equipment rental, power, HVAC and telecommunications (i.e., telephone and internet) Studio segment: service revenue and other Guest parking revenues Parking revenue that is not associated with lease agreements Office segment: service revenue Sale of real estate Gains on sales derived from cash consideration less cost basis Gains on sale of real estate _________________ 1. The financial statement locations stated above are as of March 31, 2019 after the adoption of ASC 842 and do not reflect the locations as of December 31, 2018. The Company’s 2018 rental revenues are accounted for under ASC 840. The Company continues to recognize rental revenue from tenants on a straight-line basis over the lease term when collectability is probable and the tenant has taken possession of or controls the physical use of the leased asset. The Company recognizes tenant recoveries related to reimbursement of real estate taxes, insurance, repairs and maintenance, and other operating expenses are recognized as revenue in the period during which the applicable expenses are incurred. The reimbursements are recognized and presented gross, as the Company is generally the primary obligor with respect to purchasing goods and services from third-party suppliers, has discretion in selecting the supplier and bears the associated credit risk. Other tenant-related revenues includes parking stipulated in lease agreements as must-take parking rentals. These revenues are recognized over the term of the lease. Ancillary revenues and guest parking revenues have been accounted for under ASC 606 since the Company adopted this standard on January 1, 2018. These revenues have single performance obligations and are recognized at the point in time when services are rendered. The following table summarizes the Company’s revenue streams that are accounted for under ASC 606: March 31, 2019 March 31, 2018 Ancillary revenues $ 8,086 $ 5,320 Guest parking revenues $ 6,447 $ 5,413 Studio related tenant recoveries (1) $ 275 N/A _________________ 1. S tudio related tenant recoveries are accounted for under ASC 606 effective January 1, 2019. The following table summarizes the Company’s receivables that are accounted for under ASC 606: March 31, 2019 December 31, 2018 Ancillary revenues $ 5,836 $ 3,752 Guest parking revenues $ 1,393 $ 959 Studio related tenant recoveries $ — N/A _________________ 1. Studio related tenant recoveries are accounted for under ASC 606 effective January 1, 2019. Sale of real estate has been accounted for under ASC 610, Other Income, since the Company adopted this standard on January 1, 2018. As a result of the adoption, there was no change in respect to the timing and pattern of revenue recognition. This standard requires the Company to apply certain recognition and measurement principles in accordance with ASC 606 when it recognizes nonfinancial assets and in-substance nonfinancial assets, and the counterparty is not a customer. This is the case for the Company’s sales of real estate, and as a result the Company is required to evaluate the sales of real estate based on transfer of control. If a real estate sale contract includes ongoing involvement by the seller with the sold property, the seller must evaluate each promised good or service under the contract to determine whether it represents a performance obligation, constitutes a guarantee or prevents the transfer of control. The timing and pattern of revenue recognition might change as it relates to gains of sale of real estate if the sale includes continued involvement that represents a separate performance obligation. Recently Issued Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (the “FASB”) in the form of Accounting Standards Update (“ASU”). The following ASUs were adopted by the Company in 2019: Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2016-02, Leases (Topic 842) ASU 2019-01, Leases (Topic 842): Codification Improvements ASU 2018-11, Leases (Topic 842): Targeted Improvements ASU 2018-10, Codification Improvements to Topic 842, Leases ASU 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 Issued on February 5, 2016, ASU 2016-02 amends the accounting guidance for leases and sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a lease agreement (i.e., lessees and lessors). The Company adopted ASC 842 during the first quarter of 2019 using the modified retrospective transition method with a cumulative adjustment to accumulated deficit. Refer to Lease Accounting section above for details. ASU 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes The amendments in this update permit use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815 in addition to the UST, the LIBOR swap rate, the OIS rate based on the Fed Funds Effective Rate, and the SIFMA Municipal Swap Rate. The Company adopted this guidance during the first quarter of 2019 using the prospective approach. The adoption did not have an impact on the Consolidated Financial Statements since LIBOR is still in use, however, this is expected to have an impact in later periods once SOFR is adopted. ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income The amendments in this update allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. Consequently, the amendments eliminate the stranded tax effects resulting from the Tax Cuts and Jobs Act and will improve the usefulness of information reported to financial statement users. However, because the amendments only relate to the reclassification of the income tax effects of the Tax Cuts and Jobs Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The amendments in this Update also require certain disclosures about stranded tax effects. The Company adopted this guidance during the first quarter of 2019 on a prospective basis. The adoption did not have an impact on the Consolidated Financial Statements. Other Recently Issued ASUs The Company considers the applicability and impact of all ASUs. The following table lists the recently issued ASUs that have not been disclosed in the Company’s 2018 Annual Report on Form 10-K and have not been adopted by the Company. The list excludes those ASUs that are not expected to have a material impact on the Company’s consolidated financial statements. Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments The FASB amended its standards on credit losses, hedging, and recognizing and Effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company is currently evaluating the impact of this update.

Investment in Real Estate

Investment in Real Estate	3 Months Ended
	Mar. 31, 2019
Real Estate [Abstract]
Investment in Real Estate	Investment in Real Estate The following table summarizes the Company’s investment in real estate, at cost as of: March 31, 2019 December 31, 2018 Land $ 1,313,411 $ 1,372,872 Building and improvements 4,941,701 4,991,770 Tenant improvements 547,427 510,217 Furniture and fixtures 9,451 9,320 Property under development 178,430 175,358 INVESTMENT IN REAL ESTATE, AT COST (1) $ 6,990,420 $ 7,059,537 _____________ 1. Excludes balances related to properties that have been classified as held for sale. Acquisitions The Company had no acquisitions during the three months ended March 31, 2019. On March 26, 2019, the Company entered into an agreement to purchase, through a joint venture with Blackstone Property Partners (“Blackstone”), the 1.45 million-square-foot Bentall Centre property located in Vancouver, Canada. The acquisition is expected to close during the second quarter of 2019. Dispositions The Company had no dispositions during the three months ended March 31, 2019. Held for Sale The Company had one property, Campus Center, classified as held for sale as of March 31, 2019. The Campus Center property, which includes the office property and developable land, is being sold to two separate, unrelated buyers for a combined amount of approximately $150 million (before certain credits, prorations and closing costs). Both sales are expected to close during the second quarter of 2019. The Company did not have any properties classified as held for sale as of December 31, 2018. The following table summarizes the components of assets and liabilities associated with real estate held for sale as of: March 31, 2019 ASSETS Investment in real estate, net $ 99,703 Deferred leasing costs and lease intangible assets, net 14 Prepaid expenses and other assets, net 104 ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 99,821 LIABILITIES Accounts payable, accrued liabilities and other $ 732 LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 732 Impairment of Long-Lived Assets

Deferred Leasing Costs and Leas

Deferred Leasing Costs and Lease Intangibles, net	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Deferred Leasing Costs and Lease Intangibles, net	Deferred Leasing Costs and Lease Intangibles, net The following summarizes the Company’s deferred leasing costs and lease intangibles as of: March 31, 2019 December 31, 2018 Deferred leasing costs and in-place lease intangibles $ 340,634 $ 336,535 Accumulated amortization (126,298) (123,432) Deferred leasing costs and in-place lease intangibles, net 214,336 213,103 Below-market ground leases 72,916 72,916 Accumulated amortization (9,558) (8,932) Below-market ground leases, net 63,358 63,984 Above-market leases 8,370 8,425 Accumulated amortization (5,871) (5,616) Above-market leases, net 2,499 2,809 DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET (1) $ 280,193 $ 279,896 Below-market leases $ 92,623 $ 101,736 Accumulated amortization (52,419) (57,043) Below-market leases, net 40,204 44,693 Above-market ground leases 1,095 1,095 Accumulated amortization (187) (176) Above-market ground leases, net 908 919 LEASE INTANGIBLE LIABILITIES, NET (1) $ 41,112 $ 45,612 _____________ 1. Excludes balances related to properties that have been classified as held for sale. The Company recognized the following amortization related to deferred leasing costs and lease intangibles: Three Months Ended March 31, 2019 2018 Deferred leasing costs and in-place lease intangibles ( 1 ) $ (11,882) $ (11,696) Below-market ground leases ( 2 ) $ (626) $ (635) Above-market leases ( 3 ) $ (310) $ (474) Below-market leases ( 3 ) $ 4,489 $ 4,285 Above-market ground leases ( 2 ) $ 11 $ 11 __________________ 1. Amortization is recorded in depreciation and amortization expenses and office rental revenues in the Consolidated Statements of Operations. 2. Amortization is recorded in office operating expenses in the Consolidated Statements of Operations. 3. Amortization is recorded in rental revenues in the Consolidated Statements of Operations.

Receivables

Receivables	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Receivables	Receivables The Company’s accounting policy and methodology used to estimate the allowance for doubtful accounts related to service revenues are discussed in the Company’s 2018 Annual Report on Form 10-K. The Company's accounting policy and methodology used to assess collectibility related to rental revenues changed on January 1, 2019 when the Company adopted ASC 842. The guidance requires the Company to assess, at lease commencement and subsequently, collectibility from its tenants of future lease payments. If the Company determines collectibility is not probable, it recognizes an adjustment to lower income from rentals, whereas previously the Company recognized bad debt expense. Accounts Receivable As of March 31, 2019, accounts receivable was $18.3 million and there was an allowance for doubtful accounts of $362 thousand. As of December 31, 2018, accounts receivable was $16.5 million and there was an allowance for doubtful accounts of $2.5 million. Straight-Line Rent Receivable As of March 31, 2019, straight-line rent receivable was $159.0 million and there was no allowance for doubtful accounts. As of December 31, 2018, straight-line rent receivables was $142.4 million and there was no allowance for doubtful accounts.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets, net	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Assets, net	Prepaid Expenses and Other Assets, net The following table summarizes the Company’s prepaid expenses and other assets, net as of: March 31, 2019 December 31, 2018 Derivative assets $ 10,463 $ 16,687 Goodwill 8,754 8,754 Non-real estate investments 3,138 2,713 Investment in unconsolidated joint venture 86 86 Other (1) 60,000 27,393 PREPAID EXPENSES AND OTHER ASSETS, NET ( 2 ) $ 82,441 $ 55,633 _____________ 1. I ncludes deposits of $35.6 million for future acquisitions as of March 31, 2019 and no deposits for future acquisitions at December 31, 2018. 2. Excludes balances related to properties that have been classified as held for sale. Goodwill No goodwill impairment indicators have been identified during the three months ended March 31, 2019. Non-Real Estate Investments The Company holds investments in privately traded companies. The investments require accounting under the equity method unless the interest in the entity is deemed to be so insubstantial such that the Company has virtually no influence over the entity’s operating and financial policies. The Company holds investments in entities that do not report NAV. The Company marks the these investments to fair value based on Level 2 inputs, whenever fair value is readily available or observable. Changes in fair value are included in the unrealized gain on non-real estate investment line item on the Consolidated Statements of Operations. In the first quarter of 2019 and 2018, there was no gain or loss recognized due to observable changes in fair value. For one of the investments, the Company is committed to funding up to $20.0 million in a real estate technology venture capital fund. During the first quarter of 2019, the Company has contributed $425 thousand to this fund with $19.6 million remaining to be contributed. Investment in Unconsolidated Joint Venture As of March 31, 2019, the Company has determined it is not the primary beneficiary of one joint venture. Due to its significant influence over the unconsolidated entity, the Company accounts for it using the equity method of accounting. On June 16, 2016, the Company entered into a joint venture to co-originate a loan secured by land in Santa Clara, California. The Company owns 21% of the unconsolidated entity. On July 10, 2018, the Company received a return of capital related to its share of the repayment of the notes receivable.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt The following table sets forth information with respect to the Company’s outstanding indebtedness: March 31, 2019 December 31, 2018 Interest Rate (1) Contractual Maturity Date UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (2)(3) $ 220,000 $ 400,000 LIBOR + 1.05% to 1.50% 3/13/2022 (4) Term loan A (2)(5) 300,000 300,000 LIBOR + 1.20% to 1.70% 4/1/2020 (6) Term loan B (2)(7) 350,000 350,000 LIBOR + 1.20% to 1.70% 4/1/2022 Term loan D (2)(8) 125,000 125,000 LIBOR + 1.20% to 1.70% 11/17/2022 Series A notes 110,000 110,000 4.34% 1/2/2023 Series E notes 50,000 50,000 3.66% 9/15/2023 Series B notes 259,000 259,000 4.69% 12/16/2025 Series D notes 150,000 150,000 3.98% 7/6/2026 3.95% Registered senior notes 400,000 400,000 3.95% 11/1/2027 Series C notes 56,000 56,000 4.79% 12/16/2027 4.65% Registered senior notes (9) 350,000 — 4.65% 4/1/2029 Term loan C — 75,000 LIBOR + 1.30% to 2.20% N/A Total unsecured debt 2,370,000 2,275,000 Secured debt Met Park North (1 0 ) 64,500 64,500 LIBOR + 1.55% 8/1/2020 10950 Washington (1 1 ) 26,736 26,880 5.32% 3/11/2022 Sunset Bronson Studios/ICON/CUE (1 2 ) 5,001 — LIBOR + 1.35% 3/1/2024 Element LA 168,000 168,000 4.59% 11/6/2025 Hill7 (1 3 ) 101,000 101,000 3.38% 11/6/2028 Sunset Gower Studios/Sunset Bronson Studios — 5,001 LIBOR + 2.25% N/A Total secured debt 365,237 365,381 Total unsecured and secured debt 2,735,237 2,640,381 Unamortized deferred financing costs and loan discounts (1 4 ) (23,605) (16,546) TOTAL UNSECURED AND SECURED DEBT, NET $ 2,711,632 $ 2,623,835 IN-SUBSTANCE DEFEASED DEBT (1 5 ) $ 137,417 $ 138,223 4.47% 10/1/2022 JOINT VENTURE PARTNER DEBT (16) $ 66,136 $ 66,136 4.50% 10/9/2028 _________________ 1. Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. Interest rates are as of March 31, 2019, which may be different than the interest rates as of December 31, 2018 for corresponding indebtedness. 2. The Company has an option to make an irrevocable election to change the interest rate depending on the Company’s credit rating or a specified base rate plus an applicable margin. As of March 31, 2019, no such election had been made. 3. The Company has a total capacity of $600.0 million under its unsecured revolving credit facility. 4. The maturity date may be extended once for an additional one-year term. 5. The interest rate on the outstanding balance of the term loan was effectively fixed at 2.65% to 3.06% per annum through the use of two interest rate swaps. See Note 8 for details. 6. The maturity date may be extended twice, each time for an additional one-year term. 7. The interest rate on the outstanding balance of the term loan was effectively fixed at 2.96% to 3.46% per annum through the use of two interest rate swaps. See Note 8 for details. 8. The interest rate on the outstanding balance of the term loan was effectively fixed at 2.63% to 3.13% per annum through the use of an interest rate swap. See Note 8 for details. 9. On February 27, 2019, the Company completed an underwritten public offering of $350.0 million of senior notes, which were issued at 98.663% of par. 10. I nterest on the full loan amount has been effectively fixed at 3.71% per annum through the use of an interest rate swap. See Note 8 for details. 11. Monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule with a balloon payment at maturity. 12. The Company has a total capacity of $235.0 million under the Sunset Bronson Studios/ICON/CUE revolving credit facility. This loan is secured by the Company’s Sunset Bronson Studios, ICON and CUE properties. 13. The Company owns 55% of the ownership interest in the consolidated joint venture that owns the Hill7 property. The full amount of the loan is shown. This loan bears interest only at 3.38% until November 6, 2026, at which time the interest rate will increase and monthly debt service will include principal payments with a balloon payment at maturity. 14. Excludes deferred financing costs related to establishing the Company’s unsecured revolving credit facility and Sunset Bronson Studios/ICON/CUE revolving credit facility, which are reflected in prepaid and other assets, net line item in the Consolidated Balance Sheets. See Note 6 for details. 15. The Company owns 75% of the ownership interest in the joint venture that owns the One Westside and 10850 Pico properties. The full amount of the loan is shown. Monthly debt service includes annual debt amortization payments based on a 10-year amortization schedule with a balloon payment at maturity. 16. This amount relates to debt attributable to Allianz U.S. Private REIT LP (“Allianz”), the Company’s partner in the joint venture that owns the Ferry Building property. The maturity date may be extended twice for an additional two-year term each. Current Year Activity During the three months ended March 31, 2019, the outstanding borrowings on the unsecured revolving credit facility decreased by $180.0 million, net of draws. The Company uses the unsecured revolving credit facility to finance the acquisition of other properties, to provide funds for tenant improvements and capital expenditures and to provide for working capital and other corporate purposes. On February 27, 2019, the operating partnership completed an underwritten public offering of $350.0 million in senior notes due April 1, 2029. The notes are fully and unconditionally guaranteed by the Company. The net proceeds from the offering, after deducting the underwriting discount, were approximately $343.0 million and were used to repay outstanding borrowings under its unsecured revolving credit facility and $75.0 million of its five On March 1, 2019, the Company entered into a loan agreement to borrow up to $235.0 million on a revolving basis, maturing on March 1, 2024. The Company drew $5.0 million to pay down the Sunset Gower Studios/Sunset Bronson Studios construction loan that matured on March 4, 2019. The unused fee rate related to Sunset Bronson Studios/ICON/CUE is 0.20%. Indebtedness The Company presents its financial statements on a consolidated basis. Notwithstanding such presentation, except to the extent expressly indicated, the Company’s separate property-owning subsidiaries are not obligors of or under the debt of their respective affiliates and each property-owning subsidiary’s separate liabilities do not constitute obligations of its respective affiliates. Loan agreements include events of default that the Company believes are usual for loans and transactions of this type. As of the date of this filing, there have been no events of default associated with the Company’s loans. The following table provides information regarding the Company’s minimum future principal payments due on the Company’s debt (before the impact of extension options, if applicable) as of March 31, 2019: Year Unsecured and Secured Debt In-substance Defeased Debt Joint Venture Partner Debt Remaining 2019 $ 424 $ 2,387 $ — 2020 365,095 3,323 — 2021 632 3,494 — 2022 720,085 128,213 — 2023 160,000 — — Thereafter 1,489,001 — 66,136 TOTAL $ 2,735,237 $ 137,417 $ 66,136 Unsecured Debt Registered Senior Notes On February 27, 2019, the operating partnership completed an underwritten public offering of $350.0 million in senior notes due April 1, 2029. The notes were issued at 98.663% of par, with a coupon of 4.65% and an effective interest rate of 4.82%. The notes are fully and unconditionally guaranteed by the Company. On October 2, 2017, the operating partnership completed an underwritten public offering of $400.0 million in senior notes due November 1, 2027. The notes were issued at 99.815% of par, with a coupon of 3.95% and an effective interest rate of 3.97%. The notes are fully and unconditionally guaranteed by the Company. Term Loan and Credit Facility On March 13, 2018, the operating partnership entered into a third amended and restated credit agreement (the “Amended and Restated Credit Agreement”) with various financial institutions. The Amended and Restated Credit Agreement amends and restates and replaces (i) the operating partnership’s existing second amended and restated credit agreement, entered into on March 31, 2015, which governed its $400.0 million unsecured revolving credit facility, $300.0 million unsecured 5-year term loan facility and $350.0 million unsecured 7-year term loan facility, and (ii) the operating partnership’s Term Loan Credit Agreement, entered into on November 17, 2015, which governed its $75.0 million unsecured 5-year term loan facility and $125.0 million unsecured 7-year term loan facility. The Amended and Restated Credit Agreement provides for (i) the increase of the operating partnership’s unsecured revolving credit facility to $600.0 million and the extension of the term to March 13, 2022 and (ii) term loans in amount and tenor equal to the term loans outstanding under the previous agreements ($300.0 million term loan A maturing April 1, 2020, $350.0 million term loan B maturing April 1, 2022, $75.0 million term loan C maturing November 17, 2020 and $125.0 million term loan D maturing November 17, 2022). The $75.0 million term loan was repaid with proceeds from the Company’s 4.65% registered senior notes. The following table summarizes the balance and key terms of the unsecured revolving credit facility as of: March 31, 2019 December 31, 2018 Outstanding borrowings $ 220,000 $ 400,000 Remaining borrowing capacity 380,000 200,000 TOTAL BORROWING CAPACITY $ 600,000 $ 600,000 Interest rate (1)(2) LIBOR + 1.05% to 1.50% Annual facility fee rate (1) 0.15% or 0.30% Contractual maturity date (3) 3/13/2022 _________________ 1. The rate is based on the operating partnership’s leverage ratio. The Company has the option to make an irrevocable election to change the interest rate depending on the Company’s credit rating. As of March 31, 2019, no such election had been made. 2. The Company has the option to make an irrevocable election to change the interest rate depending on the Company’s specified base rate plus an applicable margin. As of March 31, 2019, no such election had been made. 3. The maturity date may be extended once for an additional one-year term. Debt Covenants The operating partnership’s ability to borrow under its unsecured loan arrangements remains subject to ongoing compliance with financial and other covenants as defined in the respective agreements. Certain financial covenant ratios are subject to change in the occurrence of material acquisitions as defined in the respective agreements. Other covenants include certain limitations on dividend payouts and distributions, limits on certain types of investments outside of the operating partnership’s primary business and other customary affirmative and negative covenants. The following table summarizes existing covenants and their covenant levels related to the unsecured revolving credit facility, term loans, and note purchase agreements, when considering the most restrictive terms: Covenant Ratio Covenant Level Total liabilities to total asset value ≤ 60% Unsecured indebtedness to unencumbered asset value ≤ 60% Adjusted EBITDA to fixed charges ≥ 1.5x Secured indebtedness to total asset value ≤ 45% Unencumbered NOI to unsecured interest expense ≥ 2.0x The following table summarizes existing covenants and their covenant levels related to the registered senior notes: Covenant Ratio Covenant Level Debt to total assets ≤ 60% Total unencumbered assets to unsecured debt ≥ 150% Consolidated income available for debt service to annual debt service charge ≥ 1.5x Secured debt to total assets ≤ 45% The operating partnership was in compliance with its financial covenants as of March 31, 2019. Repayment Guarantees Registered Senior Notes The Company has fully and unconditionally guaranteed the operating partnership’s 3.95% registered senior notes and 4.65% registered senior notes. Other Loans Although the rest of the operating partnership’s loans are secured and non-recourse, the operating partnership provides limited customary secured debt guarantees for items such as voluntary bankruptcy, fraud, misapplication of payments and environmental liabilities. Interest Expense The following table represents a reconciliation from gross interest expense to the interest expense line item in the Consolidated Statements of Operations: Three Months Ended March 31, 2019 2018 Gross interest expense (1) $ 27,465 $ 22,431 Capitalized interest (4,706) (3,586) Amortization of deferred financing costs and loan discounts 1,591 1,658 INTEREST EXPENSE $ 24,350 $ 20,503 _________________ 1. Includes interest on the Company’s debt and hedging activities and extinguishment costs related to paydowns in the term loans.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	DerivativesThe Company enters into derivatives in order to hedge interest rate risk. The Company had six interest rate swaps with aggregate notional amounts of $839.5 million as of March 31, 2019 and December 31, 2018. These derivatives were designated as effective cash flow hedges for accounting purposes. The Company has agreements with its derivative counterparties that contain a provision where the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company’s default on the indebtedness. The Company’s derivatives are classified as Level 2 and their fair values are derived from estimated values obtained from observable market data for similar instruments. The fair market value of derivatives is presented on a gross basis on the Consolidated Balance Sheets. The following table summarizes the Company’s derivative instruments as of March 31, 2019 and December 31, 2018: Interest Rate Range (1) Fair Value Asset Underlying Debt Instrument Number of Hedges Notional Amount Effective Date Maturity Date Low High March 31, 2019 December 31, 2018 Met Park North 1 $ 64,500 August 2013 August 2020 3.71% 3.71% $ 141 $ 350 Term loan A (2) 2 300,000 July 2016 April 2020 2.65% 3.06% 2,813 4,038 Term loan B ( 2 ) 2 350,000 April 2015 April 2022 2.96% 3.46% 4,264 7,543 Term loan D ( 2 ) 1 125,000 June 2016 November 2022 2.63% 3.13% 3,245 4,756 TOTAL 6 $ 839,500 $ 10,463 $ 16,687 _____________ 1. The rate is based on the fixed rate from the swap and the spread based on the operating partnership ’ s leverage ratio. 2. Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. Interest rates are as of March 31, 2019, which may be different than the interest rates in prior periods for corresponding indebtedness. In January 2019, the Company entered into a forward interest rate swap designated hedge. In February 2019, it was terminated, which resulted in a cash payment of approximately $1.6 million that was recorded in accumulated other comprehensive (loss) income on the Consolidated Balance Sheets and will be recognized over the life of the 4.65% registered senior notes entered into in February 2019 as an adjustment to interest expense. The cash payment is included in the payment of loan costs paid line item of the Consolidated Statements of Cash Flows. On January 1, 2018, the Company early adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”). As a result of the adoption, the Company is no longer recognizing unrealized gains or losses related to ineffective portions of its derivatives. In 2018, the Company recognized a $231 thousand cumulative-effect adjustment to other comprehensive income, with a corresponding adjustment to the opening balance of retained earnings (accumulated deficit).

U.S. Government Securities

U.S. Government Securities	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
U.S. Government Securities	U.S. Government Securities The Company has U.S. Government securities of $145.0 million and $146.9 million as of March 31, 2019 and December 31, 2018. The One Westside and 10850 Pico properties acquisition in 2018 included the assumption of debt which was, in-substance, defeased through the purchase of U.S. Government-backed securities. The securities are investments held to maturity and are carried at amortized cost on the Consolidated Balance Sheets. As of March 31, 2019, the Company had $2.9 million of gross unrealized gains and no gross unrealized losses. The following table summarizes the carrying value and fair value of the Company’s securities by the contractual maturity date March 31, 2019: Carrying Value Fair Value Due in 1 year $ 4,274 $ 4,281 Due in 1 year through 5 years 140,718 143,632 TOTAL $ 144,992 $ 147,913

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Hudson Pacific Properties, Inc. has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with its taxable year ended December 31, 2010. Provided it continues to qualify for taxation as a REIT, Hudson Pacific Properties, Inc. is generally not subject to corporate level income tax on the earnings distributed currently to its stockholders. The Company has elected, together with one of its subsidiaries, to treat such subsidiary as a taxable REIT subsidiary (“TRS”) for federal income tax purposes. The Company’s property-owning subsidiaries are limited liability companies and are treated as pass-through entities or disregarded entities (or, in the case of the entities that own the 1455 Market, Hill7 and Ferry Building properties, REITs) for federal income tax purposes. Accordingly, no provision has been made for federal income taxes in the accompanying consolidated financial statements for the activities of these entities. The Company periodically evaluates its tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. As of March 31, 2019, the Company has not established a liability for uncertain tax positions. The Company and its TRS file income tax returns with the U.S. federal government and various state and local jurisdictions. The Company and its TRS are no longer subject to tax examinations by tax authorities for years prior to 2014. The Company has assessed its tax positions for all open years, which include 2014 to 2017, and concluded that there are no material uncertainties to be recognized.

Future Minimum Rents and Lease

Future Minimum Rents and Lease Payments	3 Months Ended
	Mar. 31, 2019
Future Minimum Lease Payments [Abstract]
Future Minimum Lease Payments	Future Minimum Rents and Lease Payments The following table summarizes the future minimum base rents (excluding tenant reimbursements for operating expenses and termination fees related to tenants exercising early termination options) for properties as of March 31, 2019: Year Ended Non-Cancellable Subject to Early Termination Options Total (1) Remaining 2019 $ 410,310 $ 2,728 $ 413,038 2020 530,493 14,245 544,738 2021 496,431 34,147 530,578 2022 453,315 39,098 492,413 2023 421,940 37,598 459,538 Thereafter 2,052,986 86,069 2,139,055 TOTAL $ 4,365,475 $ 213,885 $ 4,579,360 _____________ 3. Excludes rents under leases at the Company’s studio properties with terms of one year or less. The following table summarizes the Company’s ground lease terms related to properties that are held subject to long-term non-cancellable ground lease obligations as of March 31, 2019: Property Expiration Date Notes 3400 Hillview 10/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent until October 31, 2017 is the lesser of 10% of Fair Market Value (“FMV”) of the land or $1.0 million grown at 75% of the cumulative increases in consumer price index (“CPI”) from October 1989. Thereafter, minimum annual rent, which resets annually, is the lesser of 10% of FMV of the land or the minimum annual rent as calculated as of November 1, 2017 plus 75% of subsequent cumulative CPI changes. The minimum annual rent cannot be less than a set amount. Percentage annual rent is gross income multiplied by 24.125%. Clocktower Square 9/26/2056 The ground rent is minimum annual rent (adjusted every 10 years) plus 25% of adjusted gross income (“AGI”). Minimum rent adjustments adds 60% of the average annual participation rent payable over five years. Annual participation is the excess of 25% of AGI over the minimum annual rent for a given lease year. Del Amo 6/30/2049 Rent under the ground sublease is $1.00 per year, with the sublessee being responsible for all impositions, insurance premiums, operating charges, maintenance charges, construction costs and other charges, costs and expenses that arise or may be contemplated under any provisions of the ground sublease. Ferry Building Various The land on which the building is situated is subject to a ground lease agreement that expires on April 1, 2067. The minimum annual rent (adjusted every 5 years) is the prior year’s minimum annual rent plus cumulative increase in CPI with a floor of 10% and a cap of 20%. Foothill Research Center 6/30/2039 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent, which resets annually, is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. The minimum annual rent cannot be less than a set amount. Percentage annual rent is gross income multiplied by 24.125%. 3176 Porter 7/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent, which resets annually, is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is Lockheed’s base rent multiplied by 24.125%. The minimum annual rent cannot be less than a set amount. Metro Center 4/29/2054 Every 10 years rent adjusts to 7.233% of FMV of the land (since 2008) and adjusts to reflect the change in CPI from the preceding FMV adjustment date (since 2013). The CPI adjustment has a floor of the previous minimum rent. The Company has an option to extend the ground lease for four additional periods of 11 years each. Page Mill Center 11/30/2041 The ground rent is minimum annual rent (adjusted on January 1, 2019 and January 1, 2029) plus 25% of AGI, less minimum annual rent. Minimum rent adjustments adds 60% of the average annual participation rent payable over five years. Annual participation is the excess of 25% of AGI over the minimum annual rent for a given lease year. Page Mill Hill 11/17/2049 The ground rent is minimum annual rent (adjusted every 10 years) plus 60% of the average of the percentage annual rent for the previous 7 lease years. Minimum rent adjustments add 60% of the average annual percentage rent for the previous 7 years. Palo Alto Square 11/30/2045 The ground rent is minimum annual rent (adjusted every 10 years starting January 1, 2022) plus 25% of AGI less minimum annual rent. The minimum annual rent adjustments add 50% of the average annual percentage rent from the previous 5 years. Sunset Gower Studios 3/31/2060 Every 7 years rent adjusts to 7.5% of FMV of the land. Techmart 5/31/2053 Rent subject to a 10% increase every 5 years. The Company has an option to extend the ground lease for two additional periods of 10 years each. This extension option was not included in the calculation of the right of use asset and lease liability. Contingent rental expense is recorded in the period in which the contingent event becomes probable. The following table summarizes rental expense for ground leases as follows: Three Months Ended March 31, 2019 2018 Contingent rental expense $ 2,514 $ 3,095 Minimum rental expense $ 4,603 $ 3,337 The following table provides information regarding the Company’s future minimum lease payments for its ground leases (before the impact of extension options, if applicable) as of March 31, 2019: Year Lease Payments (1) Remaining 2019 $ 13,808 2020 18,411 2021 18,411 2022 18,411 2023 18,489 Thereafter 501,924 TOTAL $ 589,454 _________________ 1. In situations where ground lease obligation adjustments are based on third-party appraisals of fair market land value, CPI adjustments and/or percentage of gross income that exceeds the minimum annual rent, the future minimum lease amounts above include the lease rental obligations in effect as of March 31, 2019. On March 26, 2019, the Company entered into a joint venture with Blackstone to purchase the Bentall Centre property located in Vancouver, Canada. The land on which the Bentall Centre is located is subject to long-term non-cancellable ground lease agreements. The future minimum lease payments are excluded from the table above. See Note 3 for details.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories: • Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; • Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3: prices or valuation techniques where little or no market data is available that require inputs that are both significant to the fair value measurement and unobservable. The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of: March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets (1) $ — $ 10,463 $ — $ 10,463 $ — $ 16,687 $ — $ 16,687 Non-real estate investments (1) $ — $ 3,138 $ — $ 3,138 $ — $ 2,713 $ — $ 2,713 ___________ 1. Included in the prepaid expenses and other assets , net line item on the Consolidated Balance Sheets. Other Financial Instruments The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities are reasonable estimates of fair value, using Level 1 inputs, because of the short-term nature of these instruments. Fair value for investment in U.S. Government securities are estimates based on Level 1 inputs. Fair values for debt are estimated based on rates currently prevailing for similar instruments of similar maturities using Level 2 inputs. The table below represents the carrying value and fair value of the Company’s investment in securities and debt as of: March 31, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Assets U.S. Government securities $ 144,992 $ 147,913 $ 146,880 $ 147,686 Liabilities Unsecured debt (1)(2) $ 2,364,728 $ 2,354,445 $ 2,274,352 $ 2,227,265 Secured debt (1) $ 365,237 $ 357,572 $ 365,381 $ 354,109 In-substance defeased debt $ 137,417 $ 136,287 $ 138,223 $ 135,894 Joint venture partner debt $ 66,136 $ 68,259 $ 66,136 $ 66,136 _________________ 1. Amounts represent debt excluding net deferred financing costs. 2. The 3.95% registered senior notes and the 4.65% registered senior notes were issued at a discount. The discount, net of amortization, was $5.3 million and $0.6 million at March 31, 2019 and December 31, 2018, respectively, and is included within unsecured debt.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has various stock compensation arrangements, which are more fully described in the 2018 Annual Report on Form 10-K. Under the 2010 Incentive Plan, as amended (the “2010 Plan”), the Company’s board of directors (the “Board”) has the ability to grant, among other things, restricted stock, restricted stock units, operating partnership performance units and performance-based awards. The Board awards restricted shares to non-employee Board members on an annual basis as part of such Board members’ annual compensation and to newly elected non-employee Board members in accordance with the Non-Employee Director Compensation Program. The time-based awards are generally issued in the second quarter, in conjunction with the director’s election to the Board, and the individual share awards vest in equal annual installments over the applicable service vesting period, which is three years. The Board awards time-based restricted shares or time-based operating partnership performance units to certain employees on an annual basis as part of the employees’ annual compensation. These time-based awards are generally issued in the fourth quarter and vest in equal annual installments over the applicable service vesting period, which is generally three years. Additionally, certain awards are subject to a mandatory holding period upon vesting if the grantee is a named executive officer. In December 2015, the compensation committee of the Board (the “Compensation Committee”) awarded a one-time special retention award to certain executives. The grants consist of time-based awards and performance-based awards. The time-based awards vest in equal 25% installments over a four-year period, subject to the participant’s continued employment. The performance-based awards vest over a four-year period, subject to the achievement of applicable performance goals and the participant’s continued employment. The Compensation Committee annually adopts a Hudson Pacific Properties, Inc. Outperformance Program (“OPP Plan”) under the 2010 Plan. With respect to OPP Plan awards granted through 2016, to the extent an award is earned following the completion of a three-year performance period, 50% of the earned award will vest in full at the end of the three-year performance period and 50% of the earned award will vest in equal annual installments over the two years thereafter, subject to the participant’s continued employment. OPP Plan awards are settled in common stock and, in the case of certain executives, in operating partnership performance units. Commencing with the 2017 OPP Plan, the two-year post-performance vesting period was replaced with a two-year mandatory holding period upon vesting. In February 2019, the Compensation Committee adopted the 2019 OPP Plan. The 2019 OPP Plan is substantially similar to the 2018 OPP Plan except for (i) the performance period beginning on January 1, 2019 and ending on December 31, 2021 and (ii) the maximum bonus pool is $28.0 million. The per unit fair value of the grants from the 2019 OPP Plan was estimated on the date of grant using the following assumptions in the Monte Carlo valuation: Assumption Expected price volatility for the Company 22.00% Expected price volatility for the particular REIT index 18.00% Risk-free rate 2.57% Dividend yield 3.00% The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: Three Months Ended March 31, 2019 2018 Expensed stock compensation (1) $ 5,150 $ 4,338 Capitalized stock compensation (2) 29 232 TOTAL STOCK COMPENSATION (3) $ 5,179 $ 4,570 _________________ 1. Amounts are recorded in general and administrative expenses in the Consolidated Statements of Operations. 2. Amounts are recorded in deferred leasing costs and lease intangible assets, net and investment in real estate, at cost in the Consolidated Balance Sheets. 3. Amounts are recorded in additional paid-in capital and non-controlling interest—units in the operating partnership in the Consolidated Balance Sheets.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Hudson Pacific Properties, Inc. The Company calculates basic earnings per share by dividing the net income (loss) available to common stockholders for the period by the weighted average number of common shares outstanding during the period. The Company calculates diluted earnings per share by dividing the diluted net income (loss) available to common stockholders for the period by the weighted average number of common shares and dilutive instruments outstanding during the period using the treasury stock method or the if-converted method, whichever is more dilutive. Unvested time-based restricted stock awards, unvested time-based performance unit awards and unvested restricted stock units (“RSUs”) that contain nonforfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share for net (loss) income available to common stockholders: Three Months Ended March 31, 2019 2018 Numerator: Basic and diluted net (loss) income available to common stockholders $ (39,392) $ 48,577 Denominator: Basic weighted average common shares outstanding 154,396,159 155,626,055 Effect of dilutive instruments (1) — 1,088,767 DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 154,396,159 156,714,822 Basic (loss) earnings per common share $ (0.26) $ 0.31 Diluted (loss) earnings per common share $ (0.26) $ 0.31 ________________ 1. The Company includes unvested awards and convertible common and participating units as contingently issuable shares in the computation of diluted earnings per share once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation. Hudson Pacific Properties, L.P. The Company calculates basic earnings per share by dividing the net income (loss) available to common unitholders for the period by the weighted average number of common units outstanding during the period. The Company calculates diluted earnings per share by dividing the diluted net income (loss) available to common unitholders for the period by the weighted average number of common units and dilutive instruments outstanding during the period using the treasury stock method or the if-converted method, whichever is more dilutive. Unvested time-based restricted stock awards, unvested time-based performance unit awards and unvested RSUs that contain nonforfeitable rights to dividends are participating securities and are included in the computation of earnings per unit pursuant to the two-class method. The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per unit for net (loss) income available to common unitholders: Three Months Ended March 31, 2019 2018 Numerator: Basic and diluted net (loss) income available to common unitholders $ (39,577) $ 48,754 Denominator: Basic weighted average common units outstanding 155,120,144 156,195,100 Effect of dilutive instruments (1) — 1,088,767 DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 155,120,144 157,283,867 Basic (loss) earnings per common unit $ (0.26) $ 0.31 Diluted (loss) earnings per common unit $ (0.26) $ 0.31 ________________ 1. The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.

Redeemable Non-Controlling Inte

Redeemable Non-Controlling Interest	3 Months Ended
	Mar. 31, 2019
Temporary Equity Disclosure [Abstract]
Redeemable Non-Controlling Interest	Redeemable Non-Controlling Interest Redeemable Preferred Units of the Operating Partnership As of March 31, 2019 and December 31, 2018, there were 392,598 series A preferred units of partnership interest in the operating partnership, or series A preferred units, issued and outstanding, which are not owned by the Company. On April 16, 2018, 14,468 series A preferred units of partnership interest were redeemed for cash at a redemption price of $25.00 per share, plus accrued and unpaid dividends to, but not including, the date of redemption. These series A preferred units are entitled to preferential distributions at a rate of 6.25% per annum on the liquidation preference of $25.00 per unit and became convertible at the option of the holder into common units or redeemable into cash or, at the Company’s election, exchangeable for registered shares of common stock. Redeemable Non-Controlling Interest in Consolidated Real Estate Entities On March 1, 2018, the Company entered into a joint venture agreement with Macerich WSP, LLC (“Macerich”) to form HPP-MAC WSP, LLC (“HPP-MAC JV”). On August 31, 2018, Macerich contributed Westside Pavilion to the HPP-MAC JV. The Company has a 75% interest in the joint venture that owns the One Westside and 10850 Pico properties. The Company has a put right, after a specified time, to sell its interest at fair market value. Macerich has a put right, after a specified time, to sell its interest at fair market value, which is a redemption right that is not solely within the control of the Company. The put right is not currently redeemable. Therefore, the non-controlling interest related to this joint venture is included as temporary equity. Once the redemption is probable, the carrying amount will be marked to market with the change in value reflected in additional paid-in capital. On October 9, 2018, the Company entered into a joint venture with Allianz to purchase the Ferry Building property. The Company has a 55% interest in the joint venture that owns the Ferry Building property. The Company has a put right, if certain events occur, to sell its interest at fair market value. Allianz has a put right, if certain events occur, to sell its interest at fair market value, which is a redemption right that is not solely within the control of the Company. The put right is not currently redeemable. Therefore, the non-controlling interest related to this joint venture is included as temporary equity. Once the redemption is probable, the carrying amount will be marked to market with the change in value reflected in additional paid-in capital. The following table reconciles the beginning and ending balances of redeemable non-controlling interests: Series A Redeemable Preferred Units Consolidated Entities Balance at December 31, 2018 $ 9,815 $ 113,141 Contributions — 2,075 Declared dividend (153) — Net income (loss) 153 (600) BALANCE AT MARCH 31, 2019 $ 9,815 $ 114,616

Equity

Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Equity	Equity The table below presents the effect of the Company’s derivatives on accumulated other comprehensive income (“OCI”): Hudson Pacific Properties, Inc. Stockholders ’ Equity Non-controlling interests Total Equity Balance at December 31, 2018 $ 17,501 $ 64 $ 17,565 Unrealized loss recognized in OCI due to change in fair value (5,926) (28) (5,954) Gain reclassified from OCI into income (as interest expense) (1) (1,901) (9) (1,910) Net change in OCI (7,827) (37) (7,864) BALANCE AT MARCH 31, 2019 $ 9,674 $ 27 $ 9,701 _____________ 1. The gains and losses on the Company’s derivatives are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense w as $24.4 million for the three months ended March 31, 2019. Non-Controlling Interests Common Units in the Operating Partnership Common units of the operating partnership and shares of common stock of the Company have essentially the same economic characteristics, as they share equally in the total net income or loss distributions of the operating partnership. Investors who own common units have the right to cause the operating partnership to repurchase any or all of their common units for cash equal to the then-current market value of one share of common stock or, at the Company’s election, issue shares of the Company’s common stock in exchange for common units on a one-for-one basis. Performance Units in the Operating Partnership Performance units are partnership interests in the operating partnership. Each performance unit awarded will be deemed equivalent to an award of one share of common stock under the 2010 Plan, reducing the availability for other equity awards on a one-for-one basis. Under the terms of the performance units, the operating partnership will revalue its assets for tax purposes upon the occurrence of certain specified events and any increase in valuation from the time of grant until such event will be allocated first to the holders of performance units to equalize the capital accounts of such holders with the capital accounts of common unitholders. Subject to any agreed upon exceptions, once vested and having achieved parity with common unitholders, performance units are convertible into common units in the operating partnership on a one-for-one basis. Current Year Activity The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units as of: March 31, 2019 December 31, 2018 Company-owned common units in the operating partnership 154,373,581 154,371,538 Company’s ownership interest percentage 99.5 % 99.6 % Non-controlling units in the operating partnership (1) 720,773 569,045 Non-controlling ownership interest percentage (1) 0.5 % 0.4 % _________________ 1. Represents units held by certain of the Company’s executive officers, directors and outside investors. As of March 31, 2019, this amount represents both common units and performance units of 550,969 and 169,804, respectively. On January 17, 2019, a common unitholder requested the operating partnership repurchase 18,076 common units and the Company elected, in accordance with the limited partnership agreement of the operating partnership, to settle in cash to satisfy the redemption. On March 11, 2019, 169,804 performance units were granted and vested related to the completion of the 2016 OPP performance period. Common Stock Activity The Company has not completed any common stock offerings in 2019. The Company’s at-the-market, or ATM, program permits sales of up to $125.0 million of common stock. The Company did not utilize the ATM program during the three months ended March 31, 2019. A cumulative total of $20.1 million has been sold as of March 31, 2019. Share Repurchase Program There have been no repurchases in 2019. On March 8, 2018, the Board increased the amount authorized under its share repurchase program to a total of $250.0 million . A cumulative total of $50.0 million has been repurchased as of March 31, 2019. The Company may make repurchases under the program at any time in its discretion, subject to market conditions, applicable legal requirements and other factors. Dividends The Board declared dividends on a quarterly basis and the Company paid the dividends during the quarters in which the dividends were declared. The following table summarizes dividends declared and paid for the periods presented: Three Months Ended March 31, 2019 2018 Common stock (1) $ 0.25 $ 0.25 Common units (1) $ 0.25 $ 0.25 Series A preferred units (1) $ 0.3906 $ 0.3906 Performance units $ 0.25 $ 0.25 _________________ 1. The first quarter of 2019 dividends were paid on March 28, 2019 to shareholders and unitholders of record on March 18, 2019. Taxability of Dividends Earnings and profits, which determine the taxability of distributions to stockholders, may differ from income reported for financial reporting purposes due to the differences for federal income tax purposes in the treatment of loss on extinguishment of debt, revenue recognition, compensation expense and the basis of depreciable assets and estimated useful lives used to compute depreciation.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment ReportingThe Company’s reporting segments are based on the Company’s method of internal reporting, which classifies its operations into two reporting segments: (i) office properties and (ii) studio properties. The Company evaluates performance based upon net operating income of the combined properties in each segment. General and administrative expenses and interest expense are not included in segment profit as its internal reporting addresses these items on a corporate level. Asset information by segment is not reported because the Company does not use this measure to assess performance or make decisions to allocate resources, therefore, depreciation and amortization expense is not allocated among segments. The table below presents the operating activity of the Company’s reportable segments: Three Months Ended March 31, 2019 2018 Office segment Office revenues $ 175,858 $ 156,532 Office expenses (60,815) (53,240) Office segment profit 115,043 103,292 Studio segment Studio revenues 21,531 17,586 Studio expenses (11,109) (9,664) Studio segment profit 10,422 7,922 TOTAL SEGMENT PROFIT $ 125,465 $ 111,214 Segment revenues $ 197,389 $ 174,118 Segment expenses (71,924) (62,904) TOTAL SEGMENT PROFIT $ 125,465 $ 111,214 The table below is a reconciliation of the total profit from all segments to net (loss) income: Three Months Ended March 31, 2019 2018 Total profit from all segments $ 125,465 $ 111,214 General and administrative (18,094) (15,564) Depreciation and amortization (68,505) (60,553) Interest expense (24,350) (20,503) Interest income 1,024 9 Transaction-related expenses (128) (118) Other (loss) income (106) 404 Gains on sale of real estate — 37,674 Impairment loss (52,201) — NET (LOSS) INCOME $ (36,895) $ 52,563

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Employment Agreements The Company has entered into employment agreements with certain executive officers, effective January 1, 2016, that provide for various severance and change in control benefits and other terms and conditions of employment. Ferry Building Acquisition from an Affiliate of Blackstone On October 9, 2018, the Company entered into a joint venture with Allianz to purchase the Ferry Building from certain affiliates of Blackstone for $291.0 million before prorations, credits and closing costs. At the time of the transaction, Michael Nash, a senior managing director of an affiliate of Blackstone, was a director of the Board. Mr. Nash resigned from the Board on March 14, 2019.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal From time to time, the Company is party to various lawsuits, claims and other legal proceedings arising out of, or incident to, the ordinary course of business. Management believes, based in part upon consultation with legal counsel, that the ultimate resolution of all such claims will not have a material adverse effect on the Company’s results of operations, financial position or cash flows. As of March 31, 2019, the risk of material loss from such legal actions impacting the Company’s financial condition or results from operations has been assessed as remote. Letters of Credit

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2019
Cash and Cash Equivalents [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Supplemental cash flow information is included as follows: Three Months Ended March 31, 2019 2018 Cash paid for interest, net of capitalized interest $ 13,543 $ 12,915 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments (813) 20,462 Restricted cash primarily consists of amounts held by lenders to fund reserves such as capital improvements, taxes, insurance, debt service and operating expenditures. The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented: Three Months Ended March 31, 2019 2018 Beginning of period: Cash and cash equivalents $ 53,740 $ 78,922 Restricted cash 14,451 22,358 TOTAL $ 68,191 $ 101,280 End of period: Cash and cash equivalents $ 52,445 $ 64,080 Restricted cash 13,626 10,900 TOTAL $ 66,071 $ 74,980

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	The accompanying consolidated financial statements of the Company and the operating partnership are prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to the Securities and Exchange Commission (“SEC”) rules and regulations. Accordingly, the interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying interim financial statements reflect all adjustments of a normal and recurring nature that are considered necessary for a fair presentation of the results for the interim periods presented. References to number of properties and square-feet are not covered by the auditor’s review procedures.The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ended December 31, 2019. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements in the 2018 Annual Report on Form 10-K of Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. and the notes thereto.
Principles of Consolidation	The unaudited interim consolidated financial statements of the Company include the accounts of the Company, the operating partnership and all wholly owned and controlled subsidiaries. The consolidated financial statements of the operating partnership include the accounts of the operating partnership and all wholly owned and controlled subsidiaries. All intercompany balances and transactions have been eliminated in the consolidated financial statements. Under the consolidation guidance, the Company first evaluates an entity using the variable interest model, then the voting model. The Company ultimately consolidates all entities that the Company controls through either majority ownership or voting rights, including all variable interest entities (“VIEs”) of which the Company is considered the primary beneficiary. The Company accounts for all other unconsolidated joint ventures using the equity method of accounting. In addition, the Company continually evaluates each legal entity that is not wholly owned for reconsideration based on changing circumstances. VIEs are defined as entities in which equity investors do not have: • the characteristics of a controlling financial interest; • sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties; and/or • the entity is structured with non-substantive voting rights. The entity that consolidates a VIE is known as its primary beneficiary and is generally the entity with both the power to direct the activities that most significantly affect the VIE’s economic performance and the right to receive benefits from the VIE or the obligation to absorb losses of the VIE that could be significant to the VIE. As of March 31, 2019, the Company has determined its operating partnership and five joint ventures met the definition of a VIE. Four of the joint ventures are consolidated entities and one joint venture is an unconsolidated entity.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate properties, determining the incremental borrowing rate used in the present value calculations of its new or modified operating lessee agreements, its accrued liabilities and its performance-based equity compensation awards. The Company bases its estimates on historical experience, current market conditions and various other assumptions that are believed to be reasonable under the circumstances. Actual results could materially differ from these estimates.
Lessee Accounting	The Company determines if an arrangement is a lease at inception. The Company’s operating lease agreements relate to ground lease assets and are reflected in operating lease ROU assets and operating lease liabilities on the Consolidated Balance Sheets.ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Variable lease payments are excluded from the ROU assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date, or the date of the ASC 842 adoption, in determining the present value of lease payments. The weighted average incremental borrowing rate used to calculate the ROU assets and liabilities was 5.7%. ROU assets also include any lease payments made and exclude lease incentives. Many of the Company’s lessee agreements include options to extend the lease, which we do not include in its minimum lease terms unless they are reasonably certain to be exercised. Rental expense for lease payments related to operating leases is recognized on a straight-line basis over the lease term. The weighted average remaining lease term, as of March 31, 2019, was 33 years.
Lessor Accounting	As a lessor, the Company’s recognition of revenue remained consistent with previous guidance, apart from the narrower definition of initial direct costs that can be capitalized. With the election of the lessor practical expedient, the presentation of revenues on the Consolidated Statement of Operations has changed to reflect a single lease component which combines rental, tenant recoveries, and other tenant-related revenues for the office portfolio. For the Company’s rentals at the studio properties, total lease consideration is allocated to lease and non-lease components on a relative standalone basis. The recognition of revenues related to lease components is governed by ASC 842, while revenue related to non-lease components is be subject to ASC 606. The new standard defines initial direct costs as only the incremental costs of signing a lease. Internal direct compensation costs and external legal fees related to the execution of successful lease agreements that no longer meet the definition of initial direct costs under ASC 842 will be accounted for as office operating expense or studio operating expense in the Company’s Consolidated Statements of Operations. Additionally, the Company may elect the practical expedients only for leases that have commenced before the effective date of the adoption of ASC 842. As a result of the adoption, the Company recognized $1.8
Revenue Recognition	The Company’s 2018 rental revenues are accounted for under ASC 840. The Company continues to recognize rental revenue from tenants on a straight-line basis over the lease term when collectability is probable and the tenant has taken possession of or controls the physical use of the leased asset. The Company recognizes tenant recoveries related to reimbursement of real estate taxes, insurance, repairs and maintenance, and other operating expenses are recognized as revenue in the period during which the applicable expenses are incurred. The reimbursements are recognized and presented gross, as the Company is generally the primary obligor with respect to purchasing goods and services from third-party suppliers, has discretion in selecting the supplier and bears the associated credit risk. Other tenant-related revenues includes parking stipulated in lease agreements as must-take parking rentals. These revenues are recognized over the term of the lease.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (the “FASB”) in the form of Accounting Standards Update (“ASU”). The following ASUs were adopted by the Company in 2019: Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2016-02, Leases (Topic 842) ASU 2019-01, Leases (Topic 842): Codification Improvements ASU 2018-11, Leases (Topic 842): Targeted Improvements ASU 2018-10, Codification Improvements to Topic 842, Leases ASU 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 Issued on February 5, 2016, ASU 2016-02 amends the accounting guidance for leases and sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a lease agreement (i.e., lessees and lessors). The Company adopted ASC 842 during the first quarter of 2019 using the modified retrospective transition method with a cumulative adjustment to accumulated deficit. Refer to Lease Accounting section above for details. ASU 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes The amendments in this update permit use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815 in addition to the UST, the LIBOR swap rate, the OIS rate based on the Fed Funds Effective Rate, and the SIFMA Municipal Swap Rate. The Company adopted this guidance during the first quarter of 2019 using the prospective approach. The adoption did not have an impact on the Consolidated Financial Statements since LIBOR is still in use, however, this is expected to have an impact in later periods once SOFR is adopted. ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income The amendments in this update allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. Consequently, the amendments eliminate the stranded tax effects resulting from the Tax Cuts and Jobs Act and will improve the usefulness of information reported to financial statement users. However, because the amendments only relate to the reclassification of the income tax effects of the Tax Cuts and Jobs Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The amendments in this Update also require certain disclosures about stranded tax effects. The Company adopted this guidance during the first quarter of 2019 on a prospective basis. The adoption did not have an impact on the Consolidated Financial Statements. Other Recently Issued ASUs The Company considers the applicability and impact of all ASUs. The following table lists the recently issued ASUs that have not been disclosed in the Company’s 2018 Annual Report on Form 10-K and have not been adopted by the Company. The list excludes those ASUs that are not expected to have a material impact on the Company’s consolidated financial statements. Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments The FASB amended its standards on credit losses, hedging, and recognizing and Effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company is currently evaluating the impact of this update.

Organization (Tables)

Organization (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Portfolio of properties	The following table summarizes the Company’s portfolio as of March 31, 2019: Segments Number of Properties Square Feet (unaudited) Office 52 13,866,793 Studio 3 1,224,403 TOTAL (1) 55 15,091,196 _________________ 1. Includes redevelopment , development and held for sale properties.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of consolidated entities	As of March 31, 2019, the operating partnership has determined that four of its joint ventures met the definition of a VIE and are consolidated: Entity Property Ownership Interest Hudson 1455 Market, L.P. 1455 Market 55.0 % Hudson 1099 Stewart, L.P. Hill7 55.0 % HPP-MAC WSP, LLC One Westside and 10850 Pico 75.0 % Hudson One Ferry REIT, L.P. Ferry Building 55.0 %
Schedule of sources of revenues	The Company has compiled an inventory of its sources of revenues and has identified the following material revenue streams: (i) rental revenues (ii) tenant recoveries and other tenant-related revenues (iii) ancillary revenues (iv) guest parking revenues and (v) sale of real estate. Revenue Stream Components Financial Statement Location (1) Rental revenues Office rentals, stage rentals and storage rentals Office and studio segments: rental Tenant recoveries and other tenant-related revenues Reimbursement of real estate taxes, insurance, repairs and maintenance, other operating expenses and must take parking revenues Office segment: rental Ancillary revenues Revenues derived from tenants’ use of lighting, equipment rental, power, HVAC and telecommunications (i.e., telephone and internet) Studio segment: service revenue and other Guest parking revenues Parking revenue that is not associated with lease agreements Office segment: service revenue Sale of real estate Gains on sales derived from cash consideration less cost basis Gains on sale of real estate
Receivables subject to new accounting standards	The following table summarizes the Company’s revenue streams that are accounted for under ASC 606: March 31, 2019 March 31, 2018 Ancillary revenues $ 8,086 $ 5,320 Guest parking revenues $ 6,447 $ 5,413 Studio related tenant recoveries (1) $ 275 N/A _________________ 1. S tudio related tenant recoveries are accounted for under ASC 606 effective January 1, 2019. The following table summarizes the Company’s receivables that are accounted for under ASC 606: March 31, 2019 December 31, 2018 Ancillary revenues $ 5,836 $ 3,752 Guest parking revenues $ 1,393 $ 959 Studio related tenant recoveries $ — N/A _________________ 1. Studio related tenant recoveries are accounted for under ASC
Schedule of recently issued accounting pronouncements	Changes to GAAP are established by the Financial Accounting Standards Board (the “FASB”) in the form of Accounting Standards Update (“ASU”). The following ASUs were adopted by the Company in 2019: Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2016-02, Leases (Topic 842) ASU 2019-01, Leases (Topic 842): Codification Improvements ASU 2018-11, Leases (Topic 842): Targeted Improvements ASU 2018-10, Codification Improvements to Topic 842, Leases ASU 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 Issued on February 5, 2016, ASU 2016-02 amends the accounting guidance for leases and sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a lease agreement (i.e., lessees and lessors). The Company adopted ASC 842 during the first quarter of 2019 using the modified retrospective transition method with a cumulative adjustment to accumulated deficit. Refer to Lease Accounting section above for details. ASU 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes The amendments in this update permit use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815 in addition to the UST, the LIBOR swap rate, the OIS rate based on the Fed Funds Effective Rate, and the SIFMA Municipal Swap Rate. The Company adopted this guidance during the first quarter of 2019 using the prospective approach. The adoption did not have an impact on the Consolidated Financial Statements since LIBOR is still in use, however, this is expected to have an impact in later periods once SOFR is adopted. ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income The amendments in this update allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. Consequently, the amendments eliminate the stranded tax effects resulting from the Tax Cuts and Jobs Act and will improve the usefulness of information reported to financial statement users. However, because the amendments only relate to the reclassification of the income tax effects of the Tax Cuts and Jobs Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The amendments in this Update also require certain disclosures about stranded tax effects. The Company adopted this guidance during the first quarter of 2019 on a prospective basis. The adoption did not have an impact on the Consolidated Financial Statements.

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	3 Months Ended
	Mar. 31, 2019
Real Estate [Abstract]
Summary of investment in real estate	The following table summarizes the Company’s investment in real estate, at cost as of: March 31, 2019 December 31, 2018 Land $ 1,313,411 $ 1,372,872 Building and improvements 4,941,701 4,991,770 Tenant improvements 547,427 510,217 Furniture and fixtures 9,451 9,320 Property under development 178,430 175,358 INVESTMENT IN REAL ESTATE, AT COST (1) $ 6,990,420 $ 7,059,537 _____________ 1. Excludes balances related to properties that have been
Schedule of components of assets and liabilities associated with real estate held for sale	The following table summarizes the components of assets and liabilities associated with real estate held for sale as of: March 31, 2019 ASSETS Investment in real estate, net $ 99,703 Deferred leasing costs and lease intangible assets, net 14 Prepaid expenses and other assets, net 104 ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 99,821 LIABILITIES Accounts payable, accrued liabilities and other $ 732 LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 732

Deferred Leasing Costs and Le_2

Deferred Leasing Costs and Lease Intangibles, net (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of deferred leasing cost and lease intangibles	The following summarizes the Company’s deferred leasing costs and lease intangibles as of: March 31, 2019 December 31, 2018 Deferred leasing costs and in-place lease intangibles $ 340,634 $ 336,535 Accumulated amortization (126,298) (123,432) Deferred leasing costs and in-place lease intangibles, net 214,336 213,103 Below-market ground leases 72,916 72,916 Accumulated amortization (9,558) (8,932) Below-market ground leases, net 63,358 63,984 Above-market leases 8,370 8,425 Accumulated amortization (5,871) (5,616) Above-market leases, net 2,499 2,809 DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET (1) $ 280,193 $ 279,896 Below-market leases $ 92,623 $ 101,736 Accumulated amortization (52,419) (57,043) Below-market leases, net 40,204 44,693 Above-market ground leases 1,095 1,095 Accumulated amortization (187) (176) Above-market ground leases, net 908 919 LEASE INTANGIBLE LIABILITIES, NET (1) $ 41,112 $ 45,612 _____________
Schedule of amortization during period	The Company recognized the following amortization related to deferred leasing costs and lease intangibles: Three Months Ended March 31, 2019 2018 Deferred leasing costs and in-place lease intangibles ( 1 ) $ (11,882) $ (11,696) Below-market ground leases ( 2 ) $ (626) $ (635) Above-market leases ( 3 ) $ (310) $ (474) Below-market leases ( 3 ) $ 4,489 $ 4,285 Above-market ground leases ( 2 ) $ 11 $ 11 __________________ 1. Amortization is recorded in depreciation and amortization expenses and office rental revenues in the Consolidated Statements of Operations. 2. Amortization is recorded in office operating expenses in the Consolidated Statements of Operations. 3. Amortization is recorded in rental revenues in the Consolidated Statements of Operations.

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets, net (Tables)	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of prepaid expenses and other assets, net	The following table summarizes the Company’s prepaid expenses and other assets, net as of: March 31, 2019 December 31, 2018 Derivative assets $ 10,463 $ 16,687 Goodwill 8,754 8,754 Non-real estate investments 3,138 2,713 Investment in unconsolidated joint venture 86 86 Other (1) 60,000 27,393 PREPAID EXPENSES AND OTHER ASSETS, NET ( 2 ) $ 82,441 $ 55,633 _____________ 1. I ncludes deposits of $35.6 million for future acquisitions as of March 31, 2019 and no deposits for future acquisitions at December 31, 2018.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	The following table sets forth information with respect to the Company’s outstanding indebtedness: March 31, 2019 December 31, 2018 Interest Rate (1) Contractual Maturity Date UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (2)(3) $ 220,000 $ 400,000 LIBOR + 1.05% to 1.50% 3/13/2022 (4) Term loan A (2)(5) 300,000 300,000 LIBOR + 1.20% to 1.70% 4/1/2020 (6) Term loan B (2)(7) 350,000 350,000 LIBOR + 1.20% to 1.70% 4/1/2022 Term loan D (2)(8) 125,000 125,000 LIBOR + 1.20% to 1.70% 11/17/2022 Series A notes 110,000 110,000 4.34% 1/2/2023 Series E notes 50,000 50,000 3.66% 9/15/2023 Series B notes 259,000 259,000 4.69% 12/16/2025 Series D notes 150,000 150,000 3.98% 7/6/2026 3.95% Registered senior notes 400,000 400,000 3.95% 11/1/2027 Series C notes 56,000 56,000 4.79% 12/16/2027 4.65% Registered senior notes (9) 350,000 — 4.65% 4/1/2029 Term loan C — 75,000 LIBOR + 1.30% to 2.20% N/A Total unsecured debt 2,370,000 2,275,000 Secured debt Met Park North (1 0 ) 64,500 64,500 LIBOR + 1.55% 8/1/2020 10950 Washington (1 1 ) 26,736 26,880 5.32% 3/11/2022 Sunset Bronson Studios/ICON/CUE (1 2 ) 5,001 — LIBOR + 1.35% 3/1/2024 Element LA 168,000 168,000 4.59% 11/6/2025 Hill7 (1 3 ) 101,000 101,000 3.38% 11/6/2028 Sunset Gower Studios/Sunset Bronson Studios — 5,001 LIBOR + 2.25% N/A Total secured debt 365,237 365,381 Total unsecured and secured debt 2,735,237 2,640,381 Unamortized deferred financing costs and loan discounts (1 4 ) (23,605) (16,546) TOTAL UNSECURED AND SECURED DEBT, NET $ 2,711,632 $ 2,623,835 IN-SUBSTANCE DEFEASED DEBT (1 5 ) $ 137,417 $ 138,223 4.47% 10/1/2022 JOINT VENTURE PARTNER DEBT (16) $ 66,136 $ 66,136 4.50% 10/9/2028 _________________ 1. Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. Interest rates are as of March 31, 2019, which may be different than the interest rates as of December 31, 2018 for corresponding indebtedness. 2. The Company has an option to make an irrevocable election to change the interest rate depending on the Company’s credit rating or a specified base rate plus an applicable margin. As of March 31, 2019, no such election had been made. 3. The Company has a total capacity of $600.0 million under its unsecured revolving credit facility. 4. The maturity date may be extended once for an additional one-year term. 5. The interest rate on the outstanding balance of the term loan was effectively fixed at 2.65% to 3.06% per annum through the use of two interest rate swaps. See Note 8 for details. 6. The maturity date may be extended twice, each time for an additional one-year term. 7. The interest rate on the outstanding balance of the term loan was effectively fixed at 2.96% to 3.46% per annum through the use of two interest rate swaps. See Note 8 for details. 8. The interest rate on the outstanding balance of the term loan was effectively fixed at 2.63% to 3.13% per annum through the use of an interest rate swap. See Note 8 for details. 9. On February 27, 2019, the Company completed an underwritten public offering of $350.0 million of senior notes, which were issued at 98.663% of par. 10. I nterest on the full loan amount has been effectively fixed at 3.71% per annum through the use of an interest rate swap. See Note 8 for details. 11. Monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule with a balloon payment at maturity. 12. The Company has a total capacity of $235.0 million under the Sunset Bronson Studios/ICON/CUE revolving credit facility. This loan is secured by the Company’s Sunset Bronson Studios, ICON and CUE properties. 13. The Company owns 55% of the ownership interest in the consolidated joint venture that owns the Hill7 property. The full amount of the loan is shown. This loan bears interest only at 3.38% until November 6, 2026, at which time the interest rate will increase and monthly debt service will include principal payments with a balloon payment at maturity. 14. Excludes deferred financing costs related to establishing the Company’s unsecured revolving credit facility and Sunset Bronson Studios/ICON/CUE revolving credit facility, which are reflected in prepaid and other assets, net line item in the Consolidated Balance Sheets. See Note 6 for details. 15. The Company owns 75% of the ownership interest in the joint venture that owns the One Westside and 10850 Pico properties. The full amount of the loan is shown. Monthly debt service includes annual debt amortization payments based on a 10-year amortization schedule with a balloon payment at maturity. 16. This amount relates to debt attributable to Allianz U.S. Private REIT LP (“Allianz”), the Company’s partner in the joint venture that owns the Ferry Building property. The maturity date may be extended twice for an additional two-year term each.
Schedule of maturities of long-term debt	The following table provides information regarding the Company’s minimum future principal payments due on the Company’s debt (before the impact of extension options, if applicable) as of March 31, 2019: Year Unsecured and Secured Debt In-substance Defeased Debt Joint Venture Partner Debt Remaining 2019 $ 424 $ 2,387 $ — 2020 365,095 3,323 — 2021 632 3,494 — 2022 720,085 128,213 — 2023 160,000 — — Thereafter 1,489,001 — 66,136 TOTAL $ 2,735,237 $ 137,417 $ 66,136
Summary of balance and key terms of the unsecured revolving credit facility	The following table summarizes the balance and key terms of the unsecured revolving credit facility as of: March 31, 2019 December 31, 2018 Outstanding borrowings $ 220,000 $ 400,000 Remaining borrowing capacity 380,000 200,000 TOTAL BORROWING CAPACITY $ 600,000 $ 600,000 Interest rate (1)(2) LIBOR + 1.05% to 1.50% Annual facility fee rate (1) 0.15% or 0.30% Contractual maturity date (3) 3/13/2022 _________________ 1. The rate is based on the operating partnership’s leverage ratio. The Company has the option to make an irrevocable election to change the interest rate depending on the Company’s credit rating. As of March 31, 2019, no such election had been made. 2. The Company has the option to make an irrevocable election to change the interest rate depending on the Company’s specified base rate plus an applicable margin. As of March 31, 2019, no such election had been made. 3. The maturity date may be extended once for an additional one-year term.
Summary of existing covenants and their covenant levels	The following table summarizes existing covenants and their covenant levels related to the unsecured revolving credit facility, term loans, and note purchase agreements, when considering the most restrictive terms: Covenant Ratio Covenant Level Total liabilities to total asset value ≤ 60% Unsecured indebtedness to unencumbered asset value ≤ 60% Adjusted EBITDA to fixed charges ≥ 1.5x Secured indebtedness to total asset value ≤ 45% Unencumbered NOI to unsecured interest expense ≥ 2.0x The following table summarizes existing covenants and their covenant levels related to the registered senior notes: Covenant Ratio Covenant Level Debt to total assets ≤ 60% Total unencumbered assets to unsecured debt ≥ 150% Consolidated income available for debt service to annual debt service charge ≥ 1.5x Secured debt to total assets ≤ 45%
Schedule of interest costs incurred	The following table represents a reconciliation from gross interest expense to the interest expense line item in the Consolidated Statements of Operations: Three Months Ended March 31, 2019 2018 Gross interest expense (1) $ 27,465 $ 22,431 Capitalized interest (4,706) (3,586) Amortization of deferred financing costs and loan discounts 1,591 1,658 INTEREST EXPENSE $ 24,350 $ 20,503 _________________ 1. Includes interest on the Company’s debt and hedging activities and extinguishment costs related to paydowns in the term loans.

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The following table summarizes the Company’s derivative instruments as of March 31, 2019 and December 31, 2018: Interest Rate Range (1) Fair Value Asset Underlying Debt Instrument Number of Hedges Notional Amount Effective Date Maturity Date Low High March 31, 2019 December 31, 2018 Met Park North 1 $ 64,500 August 2013 August 2020 3.71% 3.71% $ 141 $ 350 Term loan A (2) 2 300,000 July 2016 April 2020 2.65% 3.06% 2,813 4,038 Term loan B ( 2 ) 2 350,000 April 2015 April 2022 2.96% 3.46% 4,264 7,543 Term loan D ( 2 ) 1 125,000 June 2016 November 2022 2.63% 3.13% 3,245 4,756 TOTAL 6 $ 839,500 $ 10,463 $ 16,687 _____________ 1. The rate is based on the fixed rate from the swap and the spread based on the operating partnership ’ s leverage ratio. 2. Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. Interest rates are as of March 31, 2019, which may be different than the interest rates in prior periods for corresponding indebtedness.

U.S. Government Securities (Tab

U.S. Government Securities (Tables)	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Summary of the carrying value and the fair value of securities	The following table summarizes the carrying value and fair value of the Company’s securities by the contractual maturity date March 31, 2019: Carrying Value Fair Value Due in 1 year $ 4,274 $ 4,281 Due in 1 year through 5 years 140,718 143,632 TOTAL $ 144,992 $ 147,913

Future Minimum Rents and Leas_2

Future Minimum Rents and Lease Payments (Tables)	3 Months Ended
	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Schedule of future minimum base rents	The following table summarizes the future minimum base rents (excluding tenant reimbursements for operating expenses and termination fees related to tenants exercising early termination options) for properties as of March 31, 2019: Year Ended Non-Cancellable Subject to Early Termination Options Total (1) Remaining 2019 $ 410,310 $ 2,728 $ 413,038 2020 530,493 14,245 544,738 2021 496,431 34,147 530,578 2022 453,315 39,098 492,413 2023 421,940 37,598 459,538 Thereafter 2,052,986 86,069 2,139,055 TOTAL $ 4,365,475 $ 213,885 $ 4,579,360 _____________ 3. Excludes rents under leases at the Company’s studio properties with terms of one year or less.
Summary of ground lease terms	The following table summarizes the Company’s ground lease terms related to properties that are held subject to long-term non-cancellable ground lease obligations as of March 31, 2019: Property Expiration Date Notes 3400 Hillview 10/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent until October 31, 2017 is the lesser of 10% of Fair Market Value (“FMV”) of the land or $1.0 million grown at 75% of the cumulative increases in consumer price index (“CPI”) from October 1989. Thereafter, minimum annual rent, which resets annually, is the lesser of 10% of FMV of the land or the minimum annual rent as calculated as of November 1, 2017 plus 75% of subsequent cumulative CPI changes. The minimum annual rent cannot be less than a set amount. Percentage annual rent is gross income multiplied by 24.125%. Clocktower Square 9/26/2056 The ground rent is minimum annual rent (adjusted every 10 years) plus 25% of adjusted gross income (“AGI”). Minimum rent adjustments adds 60% of the average annual participation rent payable over five years. Annual participation is the excess of 25% of AGI over the minimum annual rent for a given lease year. Del Amo 6/30/2049 Rent under the ground sublease is $1.00 per year, with the sublessee being responsible for all impositions, insurance premiums, operating charges, maintenance charges, construction costs and other charges, costs and expenses that arise or may be contemplated under any provisions of the ground sublease. Ferry Building Various The land on which the building is situated is subject to a ground lease agreement that expires on April 1, 2067. The minimum annual rent (adjusted every 5 years) is the prior year’s minimum annual rent plus cumulative increase in CPI with a floor of 10% and a cap of 20%. Foothill Research Center 6/30/2039 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent, which resets annually, is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. The minimum annual rent cannot be less than a set amount. Percentage annual rent is gross income multiplied by 24.125%. 3176 Porter 7/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent, which resets annually, is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is Lockheed’s base rent multiplied by 24.125%. The minimum annual rent cannot be less than a set amount. Metro Center 4/29/2054 Every 10 years rent adjusts to 7.233% of FMV of the land (since 2008) and adjusts to reflect the change in CPI from the preceding FMV adjustment date (since 2013). The CPI adjustment has a floor of the previous minimum rent. The Company has an option to extend the ground lease for four additional periods of 11 years each. Page Mill Center 11/30/2041 The ground rent is minimum annual rent (adjusted on January 1, 2019 and January 1, 2029) plus 25% of AGI, less minimum annual rent. Minimum rent adjustments adds 60% of the average annual participation rent payable over five years. Annual participation is the excess of 25% of AGI over the minimum annual rent for a given lease year. Page Mill Hill 11/17/2049 The ground rent is minimum annual rent (adjusted every 10 years) plus 60% of the average of the percentage annual rent for the previous 7 lease years. Minimum rent adjustments add 60% of the average annual percentage rent for the previous 7 years. Palo Alto Square 11/30/2045 The ground rent is minimum annual rent (adjusted every 10 years starting January 1, 2022) plus 25% of AGI less minimum annual rent. The minimum annual rent adjustments add 50% of the average annual percentage rent from the previous 5 years. Sunset Gower Studios 3/31/2060 Every 7 years rent adjusts to 7.5% of FMV of the land. Techmart 5/31/2053 Rent subject to a 10% increase every 5 years. The Company has an option to extend the ground lease for two additional periods of 10 years each. This extension option was not included in the calculation of the right of use asset and lease liability.
Schedule of rent expense	The following table summarizes rental expense for ground leases as follows: Three Months Ended March 31, 2019 2018 Contingent rental expense $ 2,514 $ 3,095 Minimum rental expense $ 4,603 $ 3,337
Ground Lease
Lessee, Lease, Description [Line Items]
Schedule of future minimum lease payments	The following table provides information regarding the Company’s future minimum lease payments for its ground leases (before the impact of extension options, if applicable) as of March 31, 2019: Year Lease Payments (1) Remaining 2019 $ 13,808 2020 18,411 2021 18,411 2022 18,411 2023 18,489 Thereafter 501,924 TOTAL $ 589,454 _________________ 1. In situations where ground lease obligation adjustments are based on third-party appraisals of fair market land value, CPI adjustments and/or percentage of gross income that exceeds the minimum annual rent, the future minimum lease amounts above include the lease rental obligations in effect as of March 31, 2019.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of estimated fair value of derivatives measured by level of fair value hierarchy	The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of: March 31, 2019 December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets (1) $ — $ 10,463 $ — $ 10,463 $ — $ 16,687 $ — $ 16,687 Non-real estate investments (1) $ — $ 3,138 $ — $ 3,138 $ — $ 2,713 $ — $ 2,713 ___________ 1. Included in the prepaid expenses and other assets
Schedule of carrying value and fair value of notes payable	The table below represents the carrying value and fair value of the Company’s investment in securities and debt as of: March 31, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Assets U.S. Government securities $ 144,992 $ 147,913 $ 146,880 $ 147,686 Liabilities Unsecured debt (1)(2) $ 2,364,728 $ 2,354,445 $ 2,274,352 $ 2,227,265 Secured debt (1) $ 365,237 $ 357,572 $ 365,381 $ 354,109 In-substance defeased debt $ 137,417 $ 136,287 $ 138,223 $ 135,894 Joint venture partner debt $ 66,136 $ 68,259 $ 66,136 $ 66,136 _________________ 1. Amounts represent debt excluding net deferred financing costs. 2. The 3.95% registered senior notes and the 4.65% registered senior notes were issued at a discount. The discount, net of amortization, was $5.3 million and $0.6 million at March 31, 2019 and December 31, 2018, respectively, and is included within unsecured debt.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of fair value assumptions	The per unit fair value of the grants from the 2019 OPP Plan was estimated on the date of grant using the following assumptions in the Monte Carlo valuation: Assumption Expected price volatility for the Company 22.00% Expected price volatility for the particular REIT index 18.00% Risk-free rate 2.57% Dividend yield 3.00%
Schedule of classification and amount recognized for stock-based compensation	The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: Three Months Ended March 31, 2019 2018 Expensed stock compensation (1) $ 5,150 $ 4,338 Capitalized stock compensation (2) 29 232 TOTAL STOCK COMPENSATION (3) $ 5,179 $ 4,570 _________________ 1. Amounts are recorded in general and administrative expenses in the Consolidated Statements of Operations. 2. Amounts are recorded in deferred leasing costs and lease intangible assets, net and investment in real estate, at cost in the Consolidated Balance Sheets. 3. Amounts are recorded in additional paid-in capital and non-controlling interest—units in the operating partnership in the Consolidated Balance Sheets.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Schedule of earnings per share	The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share for net (loss) income available to common stockholders: Three Months Ended March 31, 2019 2018 Numerator: Basic and diluted net (loss) income available to common stockholders $ (39,392) $ 48,577 Denominator: Basic weighted average common shares outstanding 154,396,159 155,626,055 Effect of dilutive instruments (1) — 1,088,767 DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 154,396,159 156,714,822 Basic (loss) earnings per common share $ (0.26) $ 0.31 Diluted (loss) earnings per common share $ (0.26) $ 0.31 ________________ 1. The Company includes unvested awards and convertible common and participating units as contingently issuable shares in the computation of diluted earnings per share once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation.
Hudson Pacific Partners L.P.
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Schedule of earnings per share	The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per unit for net (loss) income available to common unitholders: Three Months Ended March 31, 2019 2018 Numerator: Basic and diluted net (loss) income available to common unitholders $ (39,577) $ 48,754 Denominator: Basic weighted average common units outstanding 155,120,144 156,195,100 Effect of dilutive instruments (1) — 1,088,767 DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 155,120,144 157,283,867 Basic (loss) earnings per common unit $ (0.26) $ 0.31 Diluted (loss) earnings per common unit $ (0.26) $ 0.31 ________________ 1. The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Comprehensive income (loss)	The table below presents the effect of the Company’s derivatives on accumulated other comprehensive income (“OCI”): Hudson Pacific Properties, Inc. Stockholders ’ Equity Non-controlling interests Total Equity Balance at December 31, 2018 $ 17,501 $ 64 $ 17,565 Unrealized loss recognized in OCI due to change in fair value (5,926) (28) (5,954) Gain reclassified from OCI into income (as interest expense) (1) (1,901) (9) (1,910) Net change in OCI (7,827) (37) (7,864) BALANCE AT MARCH 31, 2019 $ 9,674 $ 27 $ 9,701 _____________ 1. The gains and losses on the Company’s derivatives are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense w as $24.4 million for the three months ended March 31, 2019.
Schedule of ownership of common units including unvested restricted units	The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units as of: March 31, 2019 December 31, 2018 Company-owned common units in the operating partnership 154,373,581 154,371,538 Company’s ownership interest percentage 99.5 % 99.6 % Non-controlling units in the operating partnership (1) 720,773 569,045 Non-controlling ownership interest percentage (1) 0.5 % 0.4 % _________________ 1. Represents units held by certain of the Company’s executive officers, directors and outside investors. As of March 31, 2019, this amount represents both common units and performance units of 550,969 and 169,804, respectively.
Schedule of dividends payable	The following table summarizes dividends declared and paid for the periods presented: Three Months Ended March 31, 2019 2018 Common stock (1) $ 0.25 $ 0.25 Common units (1) $ 0.25 $ 0.25 Series A preferred units (1) $ 0.3906 $ 0.3906 Performance units $ 0.25 $ 0.25 _________________ 1. The first quarter of 2019 dividends were paid on March 28, 2019 to shareholders and unitholders of record on March 18, 2019.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Operating Activity for Reporting Units	The table below presents the operating activity of the Company’s reportable segments: Three Months Ended March 31, 2019 2018 Office segment Office revenues $ 175,858 $ 156,532 Office expenses (60,815) (53,240) Office segment profit 115,043 103,292 Studio segment Studio revenues 21,531 17,586 Studio expenses (11,109) (9,664) Studio segment profit 10,422 7,922 TOTAL SEGMENT PROFIT $ 125,465 $ 111,214 Segment revenues $ 197,389 $ 174,118 Segment expenses (71,924) (62,904) TOTAL SEGMENT PROFIT $ 125,465 $ 111,214 The table below is a reconciliation of the total profit from all segments to net (loss) income: Three Months Ended March 31, 2019 2018 Total profit from all segments $ 125,465 $ 111,214 General and administrative (18,094) (15,564) Depreciation and amortization (68,505) (60,553) Interest expense (24,350) (20,503) Interest income 1,024 9 Transaction-related expenses (128) (118) Other (loss) income (106) 404 Gains on sale of real estate — 37,674 Impairment loss (52,201) — NET (LOSS) INCOME $ (36,895) $ 52,563

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2019
Cash and Cash Equivalents [Abstract]
Schedule of cash flow, supplemental information	Supplemental cash flow information is included as follows: Three Months Ended March 31, 2019 2018 Cash paid for interest, net of capitalized interest $ 13,543 $ 12,915 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments (813) 20,462
Schedule of cash and cash equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented: Three Months Ended March 31, 2019 2018 Beginning of period: Cash and cash equivalents $ 53,740 $ 78,922 Restricted cash 14,451 22,358 TOTAL $ 68,191 $ 101,280 End of period: Cash and cash equivalents $ 52,445 $ 64,080 Restricted cash 13,626 10,900 TOTAL $ 66,071 $ 74,980
Restrictions on cash and cash equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented: Three Months Ended March 31, 2019 2018 Beginning of period: Cash and cash equivalents $ 53,740 $ 78,922 Restricted cash 14,451 22,358 TOTAL $ 68,191 $ 101,280 End of period: Cash and cash equivalents $ 52,445 $ 64,080 Restricted cash 13,626 10,900 TOTAL $ 66,071 $ 74,980

Organization (Details)

Organization (Details)	Mar. 31, 2019ft²property
Business Acquisition [Line Items]
Number of real estate properties (in properties) | property	55
Area of real estate property (in square feet) | ft²	15,091,196
Office
Business Acquisition [Line Items]
Number of real estate properties (in properties) | property	52
Area of real estate property (in square feet) | ft²	13,866,793
Studio
Business Acquisition [Line Items]
Number of real estate properties (in properties) | property	3
Area of real estate property (in square feet) | ft²	1,224,403

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)joint_venture	Mar. 31, 2018USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Variable Interest Entity [Line Items]
Investment in unconsolidated entities	$ 86			$ 86
Weighted average incremental borrowing rate	5.70%
Weighted average remaining lease term	33 years
Adjustment to due to change in accounting principal				(2,105)	$ 0
Accumulated deficit	$ (41,189)			0
Ancillary Revenue
Variable Interest Entity [Line Items]
Additional revenue	8,086	$ 5,320
Other receivables	5,836			3,752
Guest parking revenues
Variable Interest Entity [Line Items]
Additional revenue	6,447	$ 5,413
Other receivables	1,393			$ 959
Studio related tenant recoveries
Variable Interest Entity [Line Items]
Additional revenue	275
Other receivables	$ 0
ASU 2016-02
Variable Interest Entity [Line Items]
Adjustment to due to change in accounting principal			$ 1,800
Accumulated deficit			$ 300
VIE, Primary Beneficiary
Variable Interest Entity [Line Items]
Number of joint ventures meeting VIE definition | joint_venture	5
Number of joint ventures consolidated | joint_venture	4
VIE, Primary Beneficiary | 1455 Market
Variable Interest Entity [Line Items]
Ownership Interest	55.00%
VIE, Primary Beneficiary | Hill7
Variable Interest Entity [Line Items]
Ownership Interest	55.00%
VIE, Primary Beneficiary | One Westside and 10850 Pico
Variable Interest Entity [Line Items]
Ownership Interest	75.00%
VIE, Primary Beneficiary | Ferry Building Property
Variable Interest Entity [Line Items]
Ownership Interest	55.00%
VIE, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Number of joint ventures not consolidated | joint_venture	1
Ownership Interest	21.00%

Investment in Real Estate - Sum

Investment in Real Estate - Summary of Real Estate Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Real Estate [Abstract]
Land	$ 1,313,411	$ 1,372,872
Building and improvements	4,941,701	4,991,770
Tenant improvements	547,427	510,217
Furniture and fixtures	9,451	9,320
Property under development	178,430	175,358
Investment in real estate, at cost	$ 6,990,420	$ 7,059,537

Investment in Real Estate - Rea

Investment in Real Estate - Real Estate Held For Sale (Details) ft² in Thousands	Jun. 07, 2018ft²	Mar. 31, 2019USD ($)property	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)property
Business Acquisition [Line Items]
Number of properties held for sale | property		1		1
Sales Price		$ 150,000,000
ASSETS
Investment in real estate, net		99,703,000
Deferred leasing costs and lease intangible assets, net		14,000
Prepaid expenses and other assets, net		104,000
Assets associated with real estate held for sale		99,821,000		$ 0
LIABILITIES
Accounts payable, accrued liabilities and other		732,000
Liabilities associated with real estate held for sale		732,000		$ 0
Long-lived asset impairment charges		$ 52,200,000	$ 0
Bentall Centre in Vancouver, Canada
Business Acquisition [Line Items]
Square feet of assets acquired | ft²	1,450

Deferred Leasing Costs and Le_3

Deferred Leasing Costs and Lease Intangibles, net - Schedule of Finite-Lived Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles, net	$ 280,193	$ 279,896
Below and above market ground leases, net	41,112	45,612
Below-Market Leases
Finite-Lived Intangible Assets [Line Items]
Below and above market ground leases	92,623	101,736
Below and above market ground leases, accumulated amortization	(52,419)	(57,043)
Below and above market ground leases, net	40,204	44,693
Above-Market Ground Leases
Finite-Lived Intangible Assets [Line Items]
Below and above market ground leases	1,095	1,095
Below and above market ground leases, accumulated amortization	(187)	(176)
Below and above market ground leases, net	908	919
Deferred leasing costs and in-place lease intangibles
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles	340,634	336,535
Accumulated amortization	(126,298)	(123,432)
Deferred leasing costs and lease intangibles, net	214,336	213,103
Below-market ground leases
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles	72,916	72,916
Accumulated amortization	(9,558)	(8,932)
Deferred leasing costs and lease intangibles, net	63,358	63,984
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles	8,370	8,425
Accumulated amortization	(5,871)	(5,616)
Deferred leasing costs and lease intangibles, net	$ 2,499	$ 2,809

Deferred Leasing Costs and Le_4

Deferred Leasing Costs and Lease Intangibles, net - Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	$ (4,179)	$ (3,811)
Below-Market Leases
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	4,489	4,285
Above-Market Ground Leases
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	11	11
Deferred leasing costs and in-place lease intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	11,882	11,696
Below-market ground leases
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	626	635
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	$ 310	$ 474

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Accounts receivable	$ 18,300	$ 16,500
Allowance for doubtful accounts	(362)	(2,500)
Straight-line rent receivables, net	$ 159,004	$ 142,369

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets, net (Details) - USD ($)	Oct. 05, 2018	Mar. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Derivative assets		$ 10,463,000	$ 16,687,000
Goodwill		8,754,000	8,754,000
Non-real estate investment		3,138,000	2,713,000
Investment in unconsolidated entities		86,000	86,000
Other		60,000,000	27,393,000
Prepaid expenses and other assets, net		82,441,000	$ 55,633,000
Deposits for future acquisitions		35,600,000
Commitment to fund real estate technology venture capital fund	$ 20,000,000
Purchase of U.S. Government securities		425,000
Remaining contribution amount		$ 19,600,000
VIE, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership Interest		21.00%

Debt - Summary of Outstanding I

Debt - Summary of Outstanding Indebtedness (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Oct. 02, 2017
Notes Payable, Excluding Defeased Debt
Debt Instrument [Line Items]
Principal Amounts	$ 2,735,237	$ 2,640,381
Unamortized deferred financing costs and loan discounts	(23,605)	(16,546)
TOTAL NOTES PAYABLE, NET	2,711,632	2,623,835
Unsecured Debt
Debt Instrument [Line Items]
Principal Amounts	2,370,000	2,275,000
Unsecured Debt | Term Loan A
Debt Instrument [Line Items]
Principal Amounts	$ 300,000	300,000
Unsecured Debt | Term Loan A | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.20%
Unsecured Debt | Term Loan A | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.70%
Unsecured Debt | Term Loan B
Debt Instrument [Line Items]
Principal Amounts	$ 350,000	350,000
Unsecured Debt | Term Loan B | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.20%
Unsecured Debt | Term Loan B | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.70%
Unsecured Debt | Term Loan D
Debt Instrument [Line Items]
Principal Amounts	$ 125,000	125,000
Unsecured Debt | Term Loan D | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.20%
Unsecured Debt | Term Loan D | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.70%
Unsecured Debt | Series A Notes
Debt Instrument [Line Items]
Principal Amounts	$ 110,000	110,000
Interest rate	4.34%
Unsecured Debt | Series E Notes
Debt Instrument [Line Items]
Principal Amounts	$ 50,000	50,000
Interest rate	3.66%
Unsecured Debt | Series B Notes
Debt Instrument [Line Items]
Principal Amounts	$ 259,000	259,000
Interest rate	4.69%
Unsecured Debt | Series D Notes
Debt Instrument [Line Items]
Principal Amounts	$ 150,000	150,000
Interest rate	3.98%
Unsecured Debt | 3.95% Registered Senior Notes
Debt Instrument [Line Items]
Principal Amounts	$ 400,000	400,000
Interest rate	3.97%
Stated interest rate	3.95%		3.95%
Unsecured Debt | Series C Notes
Debt Instrument [Line Items]
Principal Amounts	$ 56,000	56,000
Interest rate	4.79%
Unsecured Debt | 4.65% Registered Senior Notes
Debt Instrument [Line Items]
Principal Amounts	$ 350,000	0
Interest rate	4.82%
Stated interest rate	4.65%
Unsecured Debt | Term Loan C
Debt Instrument [Line Items]
Principal Amounts	$ 0	75,000
Unsecured Debt | Term Loan C | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.30%
Unsecured Debt | Term Loan C | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.20%
Unsecured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Principal Amounts	$ 220,000	$ 400,000
Unsecured Debt | Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.05%	1.15%
Unsecured Debt | Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%	1.85%
Secured Debt
Debt Instrument [Line Items]
Principal Amounts	$ 365,237	$ 365,381
Secured Debt | Met Park North
Debt Instrument [Line Items]
Principal Amounts	$ 64,500	64,500
Secured Debt | Met Park North | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.55%
Secured Debt | 10950 Washington
Debt Instrument [Line Items]
Principal Amounts	$ 26,736	26,880
Interest rate	5.32%
Secured Debt | Sunset Bronson Studios
Debt Instrument [Line Items]
Principal Amounts	$ 5,001	0
Secured Debt | Sunset Bronson Studios | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.35%
Secured Debt | Element LA
Debt Instrument [Line Items]
Principal Amounts	$ 168,000	168,000
Interest rate	4.59%
Secured Debt | Hill7
Debt Instrument [Line Items]
Principal Amounts	$ 101,000	101,000
Interest rate	3.38%
Secured Debt | Sunset Gower/Sunset Bronson
Debt Instrument [Line Items]
Principal Amounts	$ 0	5,001
Secured Debt | Sunset Gower/Sunset Bronson | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
In-Substance Defeased Debt
Debt Instrument [Line Items]
TOTAL NOTES PAYABLE, NET	$ 137,417	138,223
Interest rate	447.00%
Joint Venture Partner Debt
Debt Instrument [Line Items]
TOTAL NOTES PAYABLE, NET	$ 66,136	$ 66,136
Interest rate	4.50%

Debt - Narrative (Details)

Debt - Narrative (Details)	Feb. 27, 2019USD ($)	Mar. 12, 2018USD ($)	Oct. 02, 2017	Mar. 31, 2019USD ($)derivativeinstrument	Sep. 30, 2018	Mar. 01, 2019USD ($)	Dec. 31, 2018USD ($)	Mar. 13, 2018USD ($)	Dec. 31, 2017derivative
Debt Instrument [Line Items]
Duration used in interest rate calculation (in days)				360 days
One Westside and 10850 Pico | VIE, Primary Beneficiary
Debt Instrument [Line Items]
Ownership Interest				75.00%
Hill7
Debt Instrument [Line Items]
Real estate property, ownership				55.00%
Interest Rate Swap | Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of derivative instruments held | derivative				6					6
Term Loan A | Interest Rate Swap
Debt Instrument [Line Items]
Number of derivative instruments held | derivative				2
Term Loan A | Interest Rate Swap | Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of derivative instruments held | instrument				2
Term Loan A | Interest Rate Swap | Designated as Hedging Instrument | Minimum
Debt Instrument [Line Items]
Adjusted interest rate				2.65%
Term Loan A | Interest Rate Swap | Designated as Hedging Instrument | Maximum
Debt Instrument [Line Items]
Adjusted interest rate				3.06%
Term Loan B | Interest Rate Swap | Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of derivative instruments held | instrument				2
Term Loan B | Interest Rate Swap | Designated as Hedging Instrument | Minimum
Debt Instrument [Line Items]
Adjusted interest rate				2.96%
Term Loan B | Interest Rate Swap | Designated as Hedging Instrument | Maximum
Debt Instrument [Line Items]
Adjusted interest rate				3.46%
Term Loan D | Interest Rate Swap | Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of derivative instruments held | instrument				1
Term Loan D | Interest Rate Swap | Designated as Hedging Instrument | Minimum
Debt Instrument [Line Items]
Adjusted interest rate				2.63%
Term Loan D | Interest Rate Swap | Designated as Hedging Instrument | Maximum
Debt Instrument [Line Items]
Adjusted interest rate				3.13%
Met Park North
Debt Instrument [Line Items]
Adjusted interest rate			3.71%
Met Park North | Interest Rate Swap | Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of derivative instruments held | instrument				1
Met Park North | Interest Rate Swap | Designated as Hedging Instrument | Minimum
Debt Instrument [Line Items]
Adjusted interest rate				3.71%
Met Park North | Interest Rate Swap | Designated as Hedging Instrument | Maximum
Debt Instrument [Line Items]
Adjusted interest rate				3.71%
10950 Washington
Debt Instrument [Line Items]
Service payment term (in years)					30 years
Revolving Credit Facility
Debt Instrument [Line Items]
Total borrowing capacity						$ 235,000,000
Increase in maximum borrowing capacity				$ 180,000,000
Annual facility fee rate						0.20%
Unsecured Debt
Debt Instrument [Line Items]
Notes payable				2,370,000,000			$ 2,275,000,000
Unsecured Debt | Term Loan A
Debt Instrument [Line Items]
Notes payable				300,000,000			300,000,000
Unsecured Debt | Term Loan B
Debt Instrument [Line Items]
Notes payable				$ 350,000,000			350,000,000
Unsecured Debt | Term Loan B | Interest Rate Swap
Debt Instrument [Line Items]
Number of derivative instruments held | derivative				2
Unsecured Debt | Term Loan D
Debt Instrument [Line Items]
Notes payable				$ 125,000,000			125,000,000
Unsecured Debt | 4.65% Registered Senior Notes
Debt Instrument [Line Items]
Interest rate				4.82%
Notes payable				$ 350,000,000			0
Stated interest rate				4.65%
Unsecured Debt | Term Loan C
Debt Instrument [Line Items]
Notes payable				$ 0			75,000,000
Unsecured Debt | 3.95% Registered Senior Notes
Debt Instrument [Line Items]
Interest rate				3.97%
Notes payable				$ 400,000,000			400,000,000
Percentage of par at debt issuance			99.815%
Stated interest rate			3.95%	3.95%
Unsecured Debt | Hudson Pacific Partners L.P. | Term Loan A
Debt Instrument [Line Items]
Total borrowing capacity								$ 300,000,000
Unsecured Debt | Hudson Pacific Partners L.P. | Term Loan B
Debt Instrument [Line Items]
Total borrowing capacity								350,000,000
Unsecured Debt | Hudson Pacific Partners L.P. | Term Loan D
Debt Instrument [Line Items]
Total borrowing capacity								125,000,000
Unsecured Debt | Hudson Pacific Partners L.P. | 4.65% Registered Senior Notes
Debt Instrument [Line Items]
Percentage of par at debt issuance	98.663%
Unsecured Debt | Hudson Pacific Partners L.P. | Term Loan C
Debt Instrument [Line Items]
Face amount								75,000,000
Unsecured Debt | Hudson Pacific Partners L.P. | Revolving Credit Facility 2014
Debt Instrument [Line Items]
Total borrowing capacity		$ 400,000,000
Unsecured Debt | Hudson Pacific Partners L.P. | 5-Year Term Loan due April 2020
Debt Instrument [Line Items]
Total borrowing capacity		$ 300,000,000
Debt instrument, term (in years)		5 years
Unsecured Debt | Hudson Pacific Partners L.P. | 7-Year Term Loan due April 2022
Debt Instrument [Line Items]
Total borrowing capacity		$ 350,000,000
Debt instrument, term (in years)		7 years
Unsecured Debt | Hudson Pacific Partners L.P. | 5-Year Term Loan due November 2020
Debt Instrument [Line Items]
Total borrowing capacity		$ 75,000,000
Debt instrument, term (in years)		5 years
Unsecured Debt | Hudson Pacific Partners L.P. | 7-Year Term Loan due November 2022
Debt Instrument [Line Items]
Total borrowing capacity		$ 125,000,000
Debt instrument, term (in years)		7 years
Unsecured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Total borrowing capacity				$ 600,000,000			600,000,000
Notes payable				220,000,000			400,000,000
Unsecured Debt | Revolving Credit Facility | Hudson Pacific Partners L.P.
Debt Instrument [Line Items]
Total borrowing capacity				600,000,000				$ 600,000,000
Secured Debt
Debt Instrument [Line Items]
Notes payable				365,237,000			365,381,000
Secured Debt | Met Park North
Debt Instrument [Line Items]
Notes payable				$ 64,500,000			64,500,000
Secured Debt | 10950 Washington
Debt Instrument [Line Items]
Interest rate				5.32%
Notes payable				$ 26,736,000			26,880,000
Secured Debt | Sunset Gower/Sunset Bronson
Debt Instrument [Line Items]
Total borrowing capacity				235,000,000
Notes payable				$ 0			5,001,000
Secured Debt | Hill7
Debt Instrument [Line Items]
Interest rate				3.38%
Notes payable				$ 101,000,000			$ 101,000,000
In-Substance Defeased Debt
Debt Instrument [Line Items]
Interest rate				447.00%
Senior Notes | Hudson Pacific Partners L.P. | 4.65% Registered Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.65%
Senior Notes | Hudson Pacific Partners L.P. | Senior Notes due November 1, 2027
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 343,000,000
Stated interest rate	4.65%

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Details) $ in Thousands	Mar. 31, 2019USD ($)
Unsecured and Secured Debt
Debt Instrument [Line Items]
Remaining 2019	$ 424
2020	365,095
2021	632
2022	720,085
2023	160,000
Thereafter	1,489,001
Total	2,735,237
In-Substance Defeased Debt
Debt Instrument [Line Items]
Remaining 2019	2,387
2020	3,323
2021	3,494
2022	128,213
2023	0
Thereafter	0
Total	137,417
Joint Venture Partner Debt
Debt Instrument [Line Items]
Remaining 2019	0
2020	0
2021	0
2022	0
2023	0
Thereafter	66,136
Total	$ 66,136

Debt - Unsecured Revolving Cred

Debt - Unsecured Revolving Credit Facility (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 01, 2019
Revolving Credit Facility
Line of Credit Facility [Line Items]
Total borrowing capacity			$ 235,000,000
Unsecured Debt
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 2,370,000,000	$ 2,275,000,000
Unsecured Debt | Revolving Credit Facility
Line of Credit Facility [Line Items]
Outstanding borrowings	220,000,000	400,000,000
Remaining borrowing capacity	380,000,000	200,000,000
Total borrowing capacity	$ 600,000,000	$ 600,000,000
Unsecured Debt | Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Annual facility fee rate	0.15%	0.20%
Unsecured Debt | Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Annual facility fee rate	0.30%	0.35%
Unsecured Debt | Revolving Credit Facility | LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.05%	1.15%
Unsecured Debt | Revolving Credit Facility | LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%	1.85%

Debt - Covenant Summaries (Deta

Debt - Covenant Summaries (Details)	3 Months Ended
	Mar. 31, 2019
Unsecured Debt | 3.95% Registered Senior Notes
Debt Instrument [Line Items]
Debt to total assets	60.00%
Total unencumbered assets to unsecured debt	150.00%
Consolidated income available for debt service to annual debt service charge	150.00%
Secured debt to total assets	45.00%
Hudson Pacific Partners L.P.
Debt Instrument [Line Items]
Total liabilities to total asset value	0.60
Unsecured indebtedness to unencumbered asset value	0.60
Adjusted EBITDA to fixed charges	1.50
Secured indebtedness to total asset value	0.45
Unencumbered NOI to unsecured interest expense	2

Debt - Interest Expense (Detail

Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Debt Disclosure [Abstract]
Gross interest expense	$ 27,465	$ 22,431
Capitalized interest	(4,706)	(3,586)
Amortization of deferred financing costs and loan discounts	1,591	1,658
Interest Expense	$ 24,350	$ 20,503

Derivatives (Details)

Derivatives (Details)	1 Months Ended	3 Months Ended
	Feb. 28, 2019USD ($)	Mar. 31, 2019USD ($)derivativeinstrument	Dec. 31, 2018USD ($)	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)derivative	Oct. 02, 2017
Derivative
Forward interest rate swap cash settlement	$ 1,600,000
Adjustment to due to change in accounting principal			$ (2,105,000)		$ 0
Change in fair value of derivative instruments		$ 6,500,000
Retained Earnings (Accumulated Deficit)
Derivative
Adjustment to due to change in accounting principal			(2,105,000)		(231,000)
Retained Earnings (Accumulated Deficit) | ASU 2017-12
Derivative
Adjustment to due to change in accounting principal				$ (231,000)
Hudson Pacific Partners L.P.
Derivative
Adjustment to due to change in accounting principal			(2,105,000)		$ 0
Met Park North
Derivative
Strike Rate Range						3.71%
Interest Rate Swap | Term Loan A
Derivative
Number of derivative instruments held | derivative		2
Designated as Hedging Instrument | Interest Rate Swap
Derivative
Number of derivative instruments held | derivative		6			6
Notional amount		$ 839,500,000	839,500,000		$ 839,500,000
Fair Value		$ 10,463,000	16,687,000
Designated as Hedging Instrument | Interest Rate Swap | Met Park North
Derivative
Number of derivative instruments held | instrument		1
Notional amount		$ 64,500,000
Fair Value		$ 141,000	350,000
Designated as Hedging Instrument | Interest Rate Swap | Met Park North | Minimum
Derivative
Strike Rate Range		3.71%
Designated as Hedging Instrument | Interest Rate Swap | Met Park North | Maximum
Derivative
Strike Rate Range		3.71%
Designated as Hedging Instrument | Interest Rate Swap | Term Loan A
Derivative
Number of derivative instruments held | instrument		2
Notional amount		$ 300,000,000
Fair Value		$ 2,813,000	4,038,000
Designated as Hedging Instrument | Interest Rate Swap | Term Loan A | Minimum
Derivative
Strike Rate Range		2.65%
Designated as Hedging Instrument | Interest Rate Swap | Term Loan A | Maximum
Derivative
Strike Rate Range		3.06%
Designated as Hedging Instrument | Interest Rate Swap | Term Loan B
Derivative
Number of derivative instruments held | instrument		2
Notional amount		$ 350,000,000
Fair Value		$ 4,264,000	7,543,000
Designated as Hedging Instrument | Interest Rate Swap | Term Loan B | Minimum
Derivative
Strike Rate Range		2.96%
Designated as Hedging Instrument | Interest Rate Swap | Term Loan B | Maximum
Derivative
Strike Rate Range		3.46%
Designated as Hedging Instrument | Interest Rate Swap | Term Loan D
Derivative
Number of derivative instruments held | instrument		1
Notional amount		$ 125,000,000
Fair Value		$ 3,245,000	$ 4,756,000
Designated as Hedging Instrument | Interest Rate Swap | Term Loan D | Minimum
Derivative
Strike Rate Range		2.63%
Designated as Hedging Instrument | Interest Rate Swap | Term Loan D | Maximum
Derivative
Strike Rate Range		3.13%

U.S. Government Securities (Det

U.S. Government Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
U.S. Government Securities	$ 145,000	$ 146,900
Gross unrealized gain	2,900
Carrying Value
Debt Securities, Available-for-sale [Line Items]
Due in 1 year	4,274
Due in 1 year through 5 years	140,718
Total	144,992
Fair Value
Debt Securities, Available-for-sale [Line Items]
Due in 1 year	4,281
Due in 1 year through 5 years	143,632
Total	$ 147,913

Future Minimum Rents and Leas_3

Future Minimum Rents and Lease Payments - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Lessor, Lease, Description [Line Items]
Remaining 2019	$ 413,038,000
2020	544,738,000
2021	530,578,000
2022	492,413,000
2023	459,538,000
Thereafter	2,139,055,000
TOTAL	4,579,360,000
Non-Cancellable
Lessor, Lease, Description [Line Items]
Remaining 2019	410,310,000
2020	530,493,000
2021	496,431,000
2022	453,315,000
2023	421,940,000
Thereafter	2,052,986,000
TOTAL	4,365,475,000
Subject to Early Termination Options
Lessor, Lease, Description [Line Items]
Remaining 2019	2,728,000
2020	14,245,000
2021	34,147,000
2022	39,098,000
2023	37,598,000
Thereafter	86,069,000
TOTAL	213,885,000
Ground Lease
Lessor, Lease, Description [Line Items]
Remaining 2019	13,808,000
2020	18,411,000
2021	18,411,000
2022	18,411,000
2023	18,489,000
Thereafter	501,924,000
TOTAL	$ 589,454,000
Ground Lease | 3400 Hillview
Lessor, Lease, Description [Line Items]
Percent of AGI added to ground rent	24.125%
Percnet of land fair market value	10.00%
Percent of CPI over the next five years	75.00%
Percent of CPI after 5 years	75.00%
Cumulative increases in CPI input amount	$ 1,000,000
Ground Lease | Clocktower Square
Lessor, Lease, Description [Line Items]
Percent of AGI added to ground rent	25.00%
Frequency of rent adjustments	10 years
Ground Lease | Del Amo
Lessor, Lease, Description [Line Items]
Operating lease, annual rental expense	$ 1
Ground Lease | Ferry Building
Lessor, Lease, Description [Line Items]
Frequency of rent adjustments	5 years
Minimum annual rent calculation, floor percent	10.00%
Minimum annual rent calculation, cap, percent	20.00%
Minimum annual rent calculation, ground leases, floor percent	2.00%
Minimum annual rent calculation, ground leases, cap percent	4.00%
Ground Lease | Foothill Research Center
Lessor, Lease, Description [Line Items]
Percent of AGI added to ground rent	24.125%
Percnet of land fair market value	10.00%
Minimum annual rent calculation, percent of CPI	75.00%
Ground Lease | 3176 Porter
Lessor, Lease, Description [Line Items]
Percent of AGI added to ground rent	24.125%
Percnet of land fair market value	10.00%
Minimum annual rent calculation, percent of CPI	75.00%
Ground Lease | Metro Center
Lessor, Lease, Description [Line Items]
Percnet of land fair market value	7.233%
Frequency of rent adjustments	10 years
Ground Lease | Page Mill Center
Lessor, Lease, Description [Line Items]
Percent of AGI added to ground rent	25.00%
Ground Lease | Page Mill Hill
Lessor, Lease, Description [Line Items]
Frequency of rent adjustments	10 years
Percent of annual rent calculation, previous 7 years	60.00%
Ground Lease | Palo Alto Square
Lessor, Lease, Description [Line Items]
Percent of AGI added to ground rent	25.00%
Frequency of rent adjustments	10 years
Ground Lease | Sunset Gower Studios
Lessor, Lease, Description [Line Items]
Percnet of land fair market value	7.50%
Frequency of rent adjustments	7 years
Ground Lease | Techmart
Lessor, Lease, Description [Line Items]
Frequency of rent adjustments	5 years
Minimum annual rent calculation, percent	10.00%

Future Minimum Rents and Leas_4

Future Minimum Rents and Lease Payments - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Future Minimum Lease Payments [Abstract]
Contingent rental expense	$ 2,514
Minimum rental expense	$ 4,603
Contingent rental expense		$ 3,095
Minimum rental expense		$ 3,337

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Value, Recurring and Nonrecurring (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Feb. 27, 2019	Dec. 31, 2018	Oct. 02, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	$ 10,463		$ 16,687
Unsecured Debt | 3.95% Registered Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Stated interest rate	3.95%			3.95%
Amortization of discount	$ 5,300		600
Unsecured Debt | 4.65% Registered Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Stated interest rate	4.65%
Senior Notes | 4.65% Registered Senior Notes | Hudson Pacific Partners L.P.
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Stated interest rate		4.65%
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions
U.S. Government securities	$ 144,992		146,880
Carrying Value | Unsecured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	2,364,728		2,274,352
Carrying Value | Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	365,237		365,381
Carrying Value | In-Substance Defeased Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	137,417		138,223
Carrying Value | Joint Venture Partner Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	66,136		66,136
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions
U.S. Government securities	147,913		147,686
Fair Value | Unsecured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	2,354,445		2,227,265
Fair Value | Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	357,572		354,109
Fair Value | In-Substance Defeased Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	136,287		135,894
Fair Value | Joint Venture Partner Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	68,259		66,136
Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
U.S. Government securities	3,138		2,713
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	0		0
Level 1 | Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
U.S. Government securities	0		0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	10,463		16,687
Level 2 | Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
U.S. Government securities	3,138		2,713
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	0		0
Level 3 | Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
U.S. Government securities	$ 0		$ 0

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	1 Months Ended	3 Months Ended
	Dec. 31, 2015	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free rate		2.57%
Dividend yield		3.00%
Additional paid-in capital and non-controlling interest—units in the operating partnership
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 5,179,000	$ 4,570,000
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		5,150,000	4,338,000
Deferred leasing costs and lease intangibles assets, net
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 29,000	$ 232,000
The Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate		22.00%
Particular REIT Index
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate		18.00%
Existing and Newly Elected Board Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)		3 years
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)		3 years
Employees | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	4 years
One-Time Retention Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights	25.00%	50.00%
Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period (in years)		3 years
Outperformance Plan Prior To 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage after initial performance period (in years)		50.00%
Outperformance Plan Prior To 2017 | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period following performance period		2 years
Award mandatory holding period		2 years
Outperformance Program 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum bonus pool		$ 28,000,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator:
Basic and diluted net income (loss) available to common stockholders/unitholders	$ (39,392)	$ 48,577
Denominator:
Basic weighted average common shares outstanding (in shares)	154,396,159	155,626,055
Effect of dilutive instruments (in shares)	0	1,088,767
Diluted weighted average common shares outstanding (in shares)	154,396,159	156,714,822
Basic (loss) earnings per common share (in dollars per share)	$ (0.26)	$ 0.31
Diluted (loss) earnings per common share (in dollars per share)	$ (0.26)	$ 0.31
Hudson Pacific Partners L.P.
Numerator:
Basic and diluted net income (loss) available to common stockholders/unitholders	$ (39,577)	$ 48,754
Denominator:
Basic weighted average common units outstanding (in shares)	155,120,144	156,195,100
Effect of dilutive instruments (in shares)	0	1,088,767
Diluted weighted average common units outstanding (in shares)	155,120,144	157,283,867
Basic (loss) earnings per common unit (in dollars per share)	$ (0.26)	$ 0.31
Diluted (loss) earnings per common unit (in dollars per share)	$ (0.26)	$ 0.31

Redeemable Non-Controlling In_2

Redeemable Non-Controlling Interest (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 17, 2019	Apr. 16, 2018	Mar. 31, 2019	Dec. 31, 2018
Temporary Equity [Line Items]
Shares redeemed during period (in shares)	18,076
Interest rate of preferred stock		6.25%
Consolidated Entities
Increase (Decrease) in Temporary Equity [Roll Forward]
Redeemable noncontrolling interest, balance			$ 113,141
Contributions			2,075
Declared dividend			0
Net income (loss)			(600)
Redeemable noncontrolling interest, balance			$ 114,616
VIE, Primary Beneficiary | HPP-MAC WSP, LLC
Temporary Equity [Line Items]
Ownership Interest			75.00%
VIE, Primary Beneficiary | Ferry Building
Temporary Equity [Line Items]
Ownership Interest			55.00%
Preferred Class A
Temporary Equity [Line Items]
Preferred A shares outstanding (in shares)			392,598	392,598
Shares redeemed during period (in shares)		14,468
Redemption price (in dollars per share)		$ 25
Redeemable non-controlling interest, liquidation preference (in dollars per share)			$ 25
Series A Redeemable Preferred Units
Increase (Decrease) in Temporary Equity [Roll Forward]
Redeemable noncontrolling interest, balance			$ 9,815
Contributions			0
Declared dividend			(153)
Net income (loss)			153
Redeemable noncontrolling interest, balance			$ 9,815

Equity - Schedule of Other Comp

Equity - Schedule of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 3,830,130	$ 3,910,964
Ending Balance	3,740,244	3,938,865
Interest expense	24,350	$ 20,503
Total Equity
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	17,565
Unrealized loss recognized in OCI due to change in fair value	(5,954)
Gain reclassified from OCI into income (as interest expense)(1)	(1,910)
Net change in OCI	(7,864)
Ending Balance	9,701
Hudson Pacific Properties, Inc. Stockholders' Equity
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	17,501
Unrealized loss recognized in OCI due to change in fair value	(5,926)
Gain reclassified from OCI into income (as interest expense)(1)	(1,901)
Net change in OCI	(7,827)
Ending Balance	9,674
Non-controlling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	64
Unrealized loss recognized in OCI due to change in fair value	(28)
Gain reclassified from OCI into income (as interest expense)(1)	(9)
Net change in OCI	(37)
Ending Balance	$ 27

Equity - Narrative (Details)

Equity - Narrative (Details)	Mar. 11, 2019shares	Jan. 17, 2019shares	Jan. 01, 2019shares	Mar. 31, 2019USD ($)$ / sharesshares	Mar. 31, 2018USD ($)$ / shares	Sep. 30, 2018USD ($)	Mar. 31, 2019USD ($)shares	Dec. 31, 2018shares	Mar. 08, 2018USD ($)
Class of Stock [Line Items]
Shares redeemed during period (in shares)		18,076
Company-owned common units in the operating partnership (in shares)				154,373,581			154,373,581	154,371,538
Non-controlling ownership interest percentage				0.50%			0.50%	0.40%
Proceeds from issuance of common stock/units, net | $				$ 0	$ (173,000)
Stock repurchase program authorized | $									$ 250,000,000
Repurchase of common stock | $							$ 50,000,000
Common stock (in dollars per share) | $ / shares				$ 0.25	$ 0.25
Common units (in dollars per share) | $ / shares				0.25	0.25
Series A preferred units (in dollars per share) | $ / shares				0.3906	0.3906
Performance units (in dollars per share) | $ / shares				$ 0.25	$ 0.25
Hudson Pacific Partners L.P.
Class of Stock [Line Items]
Company's ownership interest percentage				99.50%			99.50%	99.60%
At-the-Market
Class of Stock [Line Items]
Maximum shares authorized, value | $						$ 125,000,000
Proceeds from issuance of common stock/units, net | $						$ 20,100,000
Common Stock/Units
Class of Stock [Line Items]
Shares vested during period (in shares)			550,969
Non-controlling common units in the operating partnership (in shares)				720,773			720,773	569,045
Partnership Interest
Class of Stock [Line Items]
Company-owned common units in the operating partnership (in shares)				154,373,581			154,373,581	154,371,538
Performance units
Class of Stock [Line Items]
Conversion ratio						1
Shares vested during period (in shares)	169,804

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	2
Segment Reporting Information [Line Items]
Revenues	$ 197,389	$ 174,118
Operating expenses	(71,924)	(62,904)
Gross Profit	125,465	111,214
General and administrative	(18,094)	(15,564)
Depreciation and amortization	(68,505)	(60,553)
Interest expense	(24,350)	(20,503)
Investment income	1,024	9
Transaction-related expenses	(128)	(118)
Other income	(106)	404
Gains on sale of real estate	0	37,674
Impairment loss	(52,201)	0
Net (loss) income	(36,895)	52,563
Office Segment
Segment Reporting Information [Line Items]
Revenues	175,858	156,532
Operating expenses	(60,815)	(53,240)
Gross Profit	115,043	103,292
Studio Segment
Segment Reporting Information [Line Items]
Revenues	21,531	17,586
Operating expenses	(11,109)	(9,664)
Gross Profit	$ 10,422	$ 7,922

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Millions	Oct. 09, 2018USD ($)
Ferry Building Property
Related Party Transaction [Line Items]
Payments to acquire new property	$ 291

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Mar. 31, 2019USD ($)
Unsecured Debt | Revolving Credit Facility
Loss Contingencies
Letters of credit, amount outstanding	$ 2.6

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized interest	$ 13,543	$ 12,915
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts payable and accrued liabilities for investment in real estate	(813)	20,462
Cash and cash equivalents	52,445	64,080	$ 53,740	$ 78,922
Restricted cash	13,626	10,900	14,451	22,358
Total	$ 66,071	$ 74,980	$ 68,191	$ 101,280