Hudson Pacific Properties (HPP) 10-Q8 May 202020 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2020	May 01, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-34789
Entity Registrant Name	Hudson Pacific Properties, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	27-1430478
Entity Address, Address Line One	11601 Wilshire Blvd., Ninth Floor
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90025
City Area Code	310
Local Phone Number	445-5700
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	HPP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		153,295,905
Entity Central Index Key	0001482512
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Hudson Pacific Partners L.P.
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Entity File Number	333-202799-01
Entity Registrant Name	Hudson Pacific Properties, L.P.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	80-0579682
Entity Address, Address Line One	11601 Wilshire Blvd., Ninth Floor
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90025
City Area Code	310
Local Phone Number	445-5700
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001496264
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Investment in real estate, at cost	$ 7,347,063	$ 7,269,128
Accumulated depreciation and amortization	(939,857)	(898,279)
Investment in real estate, net	6,407,206	6,370,849
Cash and cash equivalents	392,136	46,224
Restricted cash	11,982	12,034
Accounts receivable, net	12,940	13,007
Straight-line rent receivables, net	209,037	195,328
Deferred leasing costs and lease intangible assets, net	275,610	285,448
U.S. Government securities	139,475	140,749
Operating lease right-of-use asset	268,384	269,029
Prepaid expenses and other assets, net	68,101	68,974
Investment in unconsolidated real estate entity	60,071	64,926
TOTAL ASSETS	7,844,942	7,466,568
LIABILITIES AND EQUITY
Accounts payable, accrued liabilities and other	269,282	212,673
Operating lease liability	272,421	272,701
Lease intangible liabilities, net	28,744	31,493
Security deposits and prepaid rent	73,409	86,188
Total liabilities	4,078,290	3,622,131
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	127,083	125,260
Hudson Pacific Properties, Inc. stockholders’ equity
Common Stock, Value, Issued	1,533	1,546
Additional paid-in capital	3,349,706	3,415,808
Accumulated other comprehensive loss	(17,804)	(561)
Total Hudson Pacific Properties, Inc. stockholders’ equity	3,333,435	3,416,793
Hudson Pacific Properties, L.P. partners’ capital
Total equity	3,629,754	3,709,362
TOTAL LIABILITIES AND EQUITY	7,844,942	7,466,568
Hudson Pacific Partners L.P.
ASSETS
Investment in real estate, at cost	7,347,063	7,269,128
Accumulated depreciation and amortization	(939,857)	(898,279)
Investment in real estate, net	6,407,206	6,370,849
Cash and cash equivalents	392,136	46,224
Restricted cash	11,982	12,034
Accounts receivable, net	12,940	13,007
Straight-line rent receivables, net	209,037	195,328
Deferred leasing costs and lease intangible assets, net	275,610	285,448
U.S. Government securities	139,475	140,749
Operating lease right-of-use asset	268,384	269,029
Prepaid expenses and other assets, net	68,101	68,974
Investment in unconsolidated real estate entity	60,071	64,926
TOTAL ASSETS	7,844,942	7,466,568
LIABILITIES AND EQUITY
Accounts payable, accrued liabilities and other	269,282	212,673
Operating lease liability	272,421	272,701
Lease intangible liabilities, net	28,744	31,493
Security deposits and prepaid rent	73,409	86,188
Total liabilities	4,078,290	3,622,131
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	127,083	125,260
Hudson Pacific Properties, Inc. stockholders’ equity
Accumulated other comprehensive loss	(18,027)	(613)
Hudson Pacific Properties, L.P. partners’ capital
Limited Partners' Capital Account	3,377,545	3,440,488
Total Hudson Pacific Properties, L.P. partners’ capital	3,359,518	3,439,875
Non-controlling interest—members in consolidated entities	270,236	269,487
Total capital	3,629,754	3,709,362
TOTAL LIABILITIES AND EQUITY	7,844,942	7,466,568
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	270,236	269,487
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	26,083	23,082
Total equity	26,083	23,082
Unsecured and secured debt, net
LIABILITIES AND EQUITY
Notes payable, net	3,234,093	2,817,910
Unsecured and secured debt, net \| Hudson Pacific Partners L.P.
LIABILITIES AND EQUITY
Notes payable, net	3,234,093	2,817,910
In-substance defeased debt
LIABILITIES AND EQUITY
Notes payable, net	134,205	135,030
In-substance defeased debt \| Hudson Pacific Partners L.P.
LIABILITIES AND EQUITY
Notes payable, net	134,205	135,030
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 (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Common Stock:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	490,000,000	490,000,000
Common stock/units, outstanding (in shares)	153,295,905	154,691,052
Common Units \| Hudson Pacific Partners L.P.
Common Stock:
Common stock/units, outstanding (in shares)	154,207,763	155,602,910,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2020	Mar. 31, 2019
REVENUES
Total revenues	$ 206,227,000	$ 197,389,000
OPERATING EXPENSES
Operating expenses	74,510,000	71,924,000
General and administrative	18,618,000	18,094,000
Depreciation and amortization	73,763,000	68,505,000
Total operating expenses	166,891,000	158,523,000
OTHER (EXPENSE) INCOME
Loss from unconsolidated real estate entity	(236,000)	0
Fee income	610,000	0
Interest expense	(26,417,000)	(24,350,000)
Interest income	1,025,000	1,024,000
Transaction-related expenses	(102,000)	(128,000)
Unrealized loss on non-real estate investment	(581,000)	0
Impairment loss	0	(52,201,000)
Other income (expense)	314,000	(106,000)
Total other (expense) income	(25,387,000)	(75,761,000)
Net income (loss)	13,949,000	(36,895,000)
Net income attributable to preferred units	(153,000)	(153,000)
Net income attributable to participating securities	(29,000)	(308,000)
Net income attributable to non-controlling interest in consolidated real estate entities	(3,517,000)	(2,821,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities	633,000	600,000
Net (income) loss attributable to non-controlling interest in the operating partnership	(106,000)	185,000
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 10,777,000	$ (39,392,000)
BASIC AND DILUTED PER SHARE AMOUNTS
Net income (loss) attributable to common stockholders - basic (in dollars per share)	$ 0.07	$ (0.26)
Net income (loss) attributable to common stockholders - diluted (in dollars per share)	$ 0.07	$ (0.26)
Weighted average shares of common stock outstanding—basic (in shares)	154,432,602	154,396,159
Weighted average shares of common stock outstanding—diluted	158,109,912	154,396,159
Hudson Pacific Partners L.P.
REVENUES
Total revenues	$ 206,227,000	$ 197,389,000
OPERATING EXPENSES
General and administrative	18,618,000	18,094,000
Depreciation and amortization	73,763,000	68,505,000
Total operating expenses	166,891,000	158,523,000
OTHER (EXPENSE) INCOME
Loss from unconsolidated real estate entity	(236,000)	0
Fee income	610,000	0
Interest expense	(26,417,000)	(24,350,000)
Interest income	1,025,000	1,024,000
Transaction-related expenses	(102,000)	(128,000)
Unrealized loss on non-real estate investment	(581,000)	0
Impairment loss	0	(52,201,000)
Other income (expense)	314,000	(106,000)
Total other (expense) income	(25,387,000)	(75,761,000)
Net income (loss)	13,949,000	(36,895,000)
Net income attributable to preferred units	(153,000)	(153,000)
Net income attributable to participating securities	(72,000)	(308,000)
Net income attributable to non-controlling interest in consolidated real estate entities	(3,517,000)	(2,821,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities	633,000	600,000
Net income (loss) attributable to Hudson Pacific Properties, L.P.	11,065,000	(39,116,000)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 10,840,000	$ (39,577,000)
BASIC AND DILUTED PER SHARE AMOUNTS
Net income (loss) attributable to common unitholders —basic (in dollars per share)	$ 0.07	$ (0.26)
Net income (loss) attributable to common unitholders —diluted (in dollars per share)	$ 0.07	$ (0.26)
Weighted average shares of common units outstanding—basic (in shares)	155,344,460	155,120,144
Weighted average shares of common units outstanding—diluted (in shares)	157,501,233	155,120,144
Office
REVENUES
Rental	$ 181,113,000	$ 170,197,000
Revenues	5,314,000	5,661,000
Total revenues	186,427,000	175,858,000
OPERATING EXPENSES
Operating expenses	63,860,000	60,815,000
Office \| Hudson Pacific Partners L.P.
REVENUES
Rental	181,113,000	170,197,000
Revenues	5,314,000	5,661,000
Total revenues	186,427,000	175,858,000
OPERATING EXPENSES
Operating expenses	63,860,000	60,815,000
Studio
REVENUES
Rental	12,915,000	12,394,000
Revenues	6,885,000	9,137,000
Total revenues	19,800,000	21,531,000
OPERATING EXPENSES
Operating expenses	10,650,000	11,109,000
Studio \| Hudson Pacific Partners L.P.
REVENUES
Rental	12,915,000	12,394,000
Revenues	6,885,000	9,137,000
Total revenues	19,800,000	21,531,000
OPERATING EXPENSES
Operating expenses	$ 10,650,000	$ 11,109,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net income (loss)	$ 13,949	$ (36,895)
Currency translation adjustments	(4,999)	0
Net unrealized losses on derivative instruments:
Unrealized losses	(12,278)	(5,954)
Reclassification adjustment for realized losses	(137)	(1,910)
Total net unrealized losses on derivative instruments:	(12,415)	(7,864)
Total other comprehensive loss	(17,414)	(7,864)
Comprehensive loss	(3,465)	(44,759)
Comprehensive income attributable to preferred units	(153)	(153)
Comprehensive income attributable to participating securities	(29)	(308)
Comprehensive income attributable to non-controlling interest in consolidated real estate entities	(3,517)	(2,821)
Comprehensive loss attributable to redeemable non-controlling interest in consolidated real estate entities	633	600
Comprehensive loss attributable to non-controlling interest in the operating partnership	65	222
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(6,466)	(47,219)
Hudson Pacific Partners L.P.
Net income (loss)	13,949	(36,895)
Currency translation adjustments	(4,999)	0
Net unrealized losses on derivative instruments:
Unrealized losses	(12,278)	(5,954)
Reclassification adjustment for realized losses	(137)	(1,910)
Total net unrealized losses on derivative instruments:	(12,415)	(7,864)
Total other comprehensive loss	(17,414)	(7,864)
Comprehensive loss	(3,465)	(44,759)
Comprehensive income attributable to preferred units	(153)	(153)
Comprehensive income attributable to participating securities	(72)	(308)
Comprehensive income attributable to non-controlling interest in consolidated real estate entities	(3,517)	(2,821)
Comprehensive loss attributable to redeemable non-controlling interest in consolidated real estate entities	633	600
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (6,574)	$ (47,441)

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 (Loss)	Non-controlling interest—units in the operating partnership	Non-controlling Interest Members In Consolidated Entities
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
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 satisfy tax withholding (in shares)		(126,880)
Declared dividend	(40,427)		(39,241)			(1,186)
Amortization of stock-based compensation	5,179		3,714			1,465
Net (loss) income	(36,448)			(39,084)		(185)	2,821
Other comprehensive income (loss)	(7,864)				(7,827)	(37)
Redemption of common units in the operating partnership	(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
Beginning Balance at Dec. 31, 2019	$ 3,709,362	$ 1,546	3,415,808	0	(561)	23,082	269,487
Beginning balance (in shares) at Dec. 31, 2019	154,691,052	154,691,052
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions	$ (2,768)						(2,768)
Issuance of unrestricted stock	0	$ 2	(2)
Issuance of unrestricted stock (in shares)		155,577
Repurchase of common stock	(35,351)	$ (14)	(35,337)
Repurchase of common stock (in shares)		(1,414,007)
Shares withheld to satisfy tax withholding	(5,501)	$ (1)	(5,500)
Shares withheld to satisfy tax withholding (in shares)		(136,717)
Declared dividend	(38,883)		(27,627)	(10,806)		(450)
Amortization of stock-based compensation	5,880		2,364			3,516
Net (loss) income	14,429			10,806		106	3,517
Other comprehensive income (loss)	(17,414)				(17,243)	(171)
Ending Balance at Mar. 31, 2020	$ 3,629,754	$ 1,533	$ 3,349,706	$ 0	$ (17,804)	$ 26,083	$ 270,236
Ending balance (in shares) at Mar. 31, 2020	153,295,905	153,295,905

CONSOLIDATED STATEMENTS OF CAPI

CONSOLIDATED STATEMENTS OF CAPITAL - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF CAPITAL - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2019	Jan. 01, 2018
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance (in shares)	154,691,052
Distributions	$ (2,768)	$ (4,028)
Issuance of unrestricted units	0	0
Units withheld to satisfy tax withholding	(5,501)	(3,668)
Repurchase of common units	(35,351)
Declared distributions	(38,883)	(40,427)
Amortization of unit-based compensation	5,880	5,179
Net (loss) income	14,429	(36,448)
Other comprehensive income (loss)	$ (17,414)	(7,864)
Ending balance (in shares)	153,295,905
ASU 2016-02
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative adjustment related to adoption of ASUs				$ (2,105)
Hudson Pacific Partners L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 3,709,362	3,830,130
Distributions	(2,768)	(4,028)
Issuance of unrestricted units	0	0
Units withheld to satisfy tax withholding	(5,501)	(3,668)
Repurchase of common units	(35,351)
Declared distributions	(38,883)	(40,427)
Amortization of unit-based compensation	5,880	5,179
Net (loss) income	14,429	(36,448)
Other comprehensive income (loss)	(17,414)	(7,864)
Redemption of common units in the operating partnership		(525)
Ending balance	3,629,754	3,740,244
Hudson Pacific Partners L.P. \| ASU 2016-02
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative adjustment related to adoption of ASUs			$ (2,105)
Hudson Pacific Partners L.P. \| Total Partners’ Capital
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	3,439,875	3,561,884
Units withheld to satisfy tax withholding	(5,501)	(3,668)
Repurchase of common units	(35,351)
Declared distributions	(38,883)	(40,427)
Amortization of unit-based compensation	5,880	5,179
Net (loss) income	10,912	(39,269)
Other comprehensive income (loss)	(17,414)	(7,864)
Redemption of common units in the operating partnership		(525)
Ending balance	3,359,518	3,473,205
Hudson Pacific Partners L.P. \| Total Partners’ Capital \| ASU 2016-02
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative adjustment related to adoption of ASUs			(2,105)
Hudson Pacific Partners L.P. \| Non-controlling Interest Members In Consolidated Entities
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	269,487	268,246
Distributions	(2,768)	(4,028)
Net (loss) income	3,517	2,821
Ending balance	270,236	267,039
Hudson Pacific Partners L.P. \| Common Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 3,440,488	$ 3,544,319
Beginning balance (in shares)	155,602,910	154,940,583
Issuance of unrestricted stock (in shares)	155,577	298,727
Units withheld to satisfy tax withholding	$ (5,501)	$ (3,668)
Units withheld to satisfy tax withholding (in shares)	(136,717)	(126,880)
Repurchase of common units	$ (35,351)
Repurchase of common units (in shares)	(1,414,007)
Declared distributions	$ (38,883)	$ (40,427)
Amortization of unit-based compensation	5,880	5,179
Net (loss) income	10,912	(39,269)
Redemption of common units in the operating partnership		$ (525)
Redemption of common units (in shares)		(18,076)
Ending balance	$ 3,377,545	$ 3,463,504
Ending balance (in shares)	154,207,763	155,094,354
Hudson Pacific Partners L.P. \| Common Units \| ASU 2016-02
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative adjustment related to adoption of ASUs			$ (2,105)
Hudson Pacific Partners L.P. \| Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ (613)	$ 17,565
Other comprehensive income (loss)	(17,414)	(7,864)
Ending balance	$ (18,027)	$ 9,701

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 13,949,000	$ (36,895,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	73,763,000	68,505,000
Non-cash portion of interest expense	1,245,000	1,591,000
Amortization of stock-based/unit-based compensation	4,895,000	5,150,000
Loss from unconsolidated real estate entity	236,000	0
Unrealized loss on non-real estate investment	581,000	0
Straight-line rents	(13,709,000)	(16,635,000)
Straight-line rent expenses	365,000	366,000
Amortization of above- and below-market leases, net	(2,544,000)	(4,179,000)
Amortization of above- and below-market ground leases, net	588,000	615,000
Amortization of lease incentive costs	472,000	326,000
Impairment loss	0	52,201,000
Change in operating assets and liabilities:
Accounts receivable	67,000	(4,263,000)
Deferred leasing costs and lease intangibles	(4,139,000)	(13,675,000)
Prepaid expenses and other assets	(1,054,000)	2,771,000
Accounts payable, accrued liabilities and other	28,162,000	33,004,000
Security deposits and prepaid rent	(12,779,000)	564,000
Net cash provided by operating activities	90,098,000	89,446,000
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment in real estate	(79,058,000)	(94,615,000)
Maturities of U.S. Government securities	1,284,000	1,932,000
Distributions from unconsolidated entities	24,000	0
Contributions to unconsolidated entities	(351,000)	0
Deposits for property acquisitions	0	(35,584,000)
Net cash used in investing activities	(78,101,000)	(128,267,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	415,040,000	430,001,000
Payments of unsecured and secured debt	(148,000)	(335,145,000)
Payments of in-substance defeased debt	(825,000)	(806,000)
Repurchase of common stock/units	(35,351,000)	0
Redemption of operating partnership units	0	(525,000)
Dividends paid to common stock and unitholders	(38,883,000)	(40,427,000)
Dividends paid to preferred unitholders	(153,000)	(153,000)
Contribution of redeemable non-controlling member in consolidated real estate entities	2,456,000	2,075,000
Distribution to non-controlling member in consolidated real estate entities	(2,768,000)	(4,028,000)
Payments to satisfy tax withholding	(5,501,000)	(3,668,000)
Payment of loan costs, net loan premium paid	(4,000)	(10,623,000)
Net cash provided by financing activities	333,863,000	36,701,000
Net increase (decrease) in cash and cash equivalents and restricted cash	345,860,000	(2,120,000)
Cash and cash equivalents and restricted cash—beginning of period	58,258,000	68,191,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	404,118,000	66,071,000
Hudson Pacific Partners L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	13,949,000	(36,895,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	73,763,000	68,505,000
Non-cash portion of interest expense	1,245,000	1,591,000
Amortization of stock-based/unit-based compensation	4,895,000	5,150,000
Loss from unconsolidated real estate entity	236,000	0
Unrealized loss on non-real estate investment	581,000	0
Straight-line rents	(13,709,000)	(16,635,000)
Straight-line rent expenses	365,000	366,000
Amortization of above- and below-market leases, net	(2,544,000)	(4,179,000)
Amortization of above- and below-market ground leases, net	588,000	615,000
Amortization of lease incentive costs	472,000	326,000
Impairment loss	0	52,201,000
Change in operating assets and liabilities:
Accounts receivable	67,000	(4,263,000)
Deferred leasing costs and lease intangibles	(4,139,000)	(13,675,000)
Prepaid expenses and other assets	(1,054,000)	2,771,000
Accounts payable, accrued liabilities and other	28,162,000	33,004,000
Security deposits and prepaid rent	(12,779,000)	564,000
Net cash provided by operating activities	90,098,000	89,446,000
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment in real estate	(79,058,000)	(94,615,000)
Maturities of U.S. Government securities	1,284,000	1,932,000
Distributions from unconsolidated entities	24,000	0
Contributions to unconsolidated entities	(351,000)	0
Deposits for property acquisitions	0	(35,584,000)
Net cash used in investing activities	(78,101,000)	(128,267,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	415,040,000	430,001,000
Payments of unsecured and secured debt	(148,000)	(335,145,000)
Payments of in-substance defeased debt	(825,000)	(806,000)
Repurchase of common stock/units	(35,351,000)	0
Redemption of operating partnership units	0	(525,000)
Dividends paid to common stock and unitholders	(38,883,000)	(40,427,000)
Dividends paid to preferred unitholders	(153,000)	(153,000)
Contribution of redeemable non-controlling member in consolidated real estate entities	2,456,000	2,075,000
Distribution to non-controlling member in consolidated real estate entities	(2,768,000)	(4,028,000)
Payments to satisfy tax withholding	(5,501,000)	(3,668,000)
Payment of loan costs, net loan premium paid	(4,000)	(10,623,000)
Net cash provided by financing activities	333,863,000	36,701,000
Net increase (decrease) in cash and cash equivalents and restricted cash	345,860,000	(2,120,000)
Cash and cash equivalents and restricted cash—beginning of period	58,258,000	68,191,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	$ 404,118,000	$ 66,071,000

Organization

Organization	3 Months Ended
Organization	Mar. 31, 2020
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, the Pacific Northwest and Western Canada. The following table summarizes the Company’s portfolio as of March 31, 2020: Segments Number of Properties Square Feet (unaudited) Consolidated portfolio Office 51 13,374,382 Studios 3 1,224,403 Land 6 2,231,376 Total consolidated portfolio 60 16,830,161 Unconsolidated portfolio (1) Office 1 1,477,142 Land 1 450,000 Total unconsolidated portfolio 2 1,927,142 TOTAL (2) 62 18,757,303 _________________ 1. The Company purchased, pursuant to a co-ownership agreement with an affiliate of Blackstone Property Partners Lower Fund 1 LP (“Blackstone”), the Bentall Centre property located in Vancouver, Canada. The Company owns 20% of this joint venture. The square footage shown above represents 100% of the property. For further detail regarding the Bentall Centre property, see Note 4. 2. Includes redevelopment and development properties.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2020
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 ending December 31, 2020. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements in the 2019 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, 2020, the Company has determined its operating partnership and five joint ventures met the definition of a VIE. Four of the joint ventures are consolidated and one of the joint ventures is unconsolidated. Consolidated Joint Ventures As of March 31, 2020, 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, 2020 and December 31, 2019, 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 the operating partnership VIE. Unconsolidated Joint Ventures As of March 31, 2020, 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 the entity 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. On June 5, 2019, the Company purchased, pursuant to a co-ownership agreement with Blackstone, the Bentall Centre property located in Vancouver, Canada. The joint venture property-owning entity is structured as a tenancy in common under applicable tax laws. The Company owns 20% of this joint venture and serves as the operating partner. The Company’s net equity investment of this unconsolidated entity is reflected within investment in unconsolidated real estate entity on the Consolidated Balance Sheets. The Company’s share of net income or loss from the entity is included within loss from unconsolidated real estate entity on the Consolidated Statements of Operations. Refer to Note 4 for details. 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. 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 determines 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 the option is 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, 2020, was 32 years. Lessor Accounting The presentation of revenues on the Consolidated Statement of Operations reflects a single lease component that combines rental, tenant recoveries, and other tenant-related revenues for the office portfolio, with the election of the lessor practical expedient. 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 subject to ASC 606, Revenue from Contracts with Customers (“ASC 606”). 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) other revenues and (v) sale of real estate. Revenue Stream Components Financial Statement Location 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 revenues and other Other revenues Parking revenue that is not associated with lease agreements and other Office and studio segments: service revenues and other Sale of real estate Gains on sales derived from cash consideration less cost basis Gains on sale of real estate The Company recognizes 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 other revenues have been accounted for under ASC 606. 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: Three Months Ended March 31, 2020 2019 Ancillary revenues $ 5,799 $ 8,116 Other revenues $ 5,955 $ 6,407 Studio-related tenant recoveries $ 445 $ 275 The following table summarizes the Company’s receivables that are accounted for under ASC 606: March 31, 2020 December 31, 2019 Ancillary revenues $ 1,128 $ 1,652 Other revenues $ 1,970 $ 2,417 Studio-related tenant recoveries $ 8 $ 26 In regards to sale of real estate, the Company applies certain recognition and measurement principles in accordance with ASC 606. 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 with the sold property by the seller, 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 on sale of real estate if the sale includes continued involvement that represents a separate performance obligation. Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which changed the impairment model for most financial instruments by requiring companies to recognize an allowance for expected losses, rather than incurred losses. ASC 326 applies to the Company’s receivables related to service revenues and parking revenue that is not associated with lease agreements. The accounting standard was adopted on January 1, 2020 using modified retrospective transition approach. The adoption did not have a material impact on the Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the quarter ended March 31, 2020, the Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. On April 10, 2020, the FASB issued a Staff Q&A related to the application of the lease guidance in ASC 842 for the accounting impact of lease concessions related to the COVID-19 pandemic. The FASB staff believes that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under ASC 842 as though enforceable rights and obligations for those concessions existed. As a result of this election, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in ASC 842, as long as the concessions do not result in a substantial increase in the rights of the lessor or the obligations of the lessee. To date, the impact of lease concessions granted has not had a material effect on the Company’s consolidated financial statements. The Company will continue to evaluate the impact of accounting for lease concessions and the impact of this Q&A.

Investment in Real Estate

Investment in Real Estate	3 Months Ended
Investment in Real Estate	Mar. 31, 2020
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, 2020 December 31, 2019 Land $ 1,313,412 $ 1,313,412 Building and improvements 5,227,848 5,189,342 Tenant improvements 641,568 631,459 Furniture and fixtures 11,133 10,693 Property under development 153,102 124,222 INVESTMENT IN REAL ESTATE, AT COST $ 7,347,063 $ 7,269,128 Acquisitions The Company had no acquisitions during the three months ended March 31, 2020. Dispositions The Company had no dispositions during the three months ended March 31, 2020. Held for Sale As of March 31, 2020 and December 31, 2019, the Company had no properties that met the criteria to be classified as held for sale. Impairment of Long-Lived Assets The Company assesses the carrying value of real estate assets and related intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable in accordance with GAAP. Impairment losses are recorded on real estate assets held for investment when indicators of impairment are present and the future undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. The Company recognizes impairment losses to the extent the carrying amount exceeds the fair value, based on Level 1 or Level 2 inputs, less estimated costs to sell.

Investment in Unconsolidated Re

Investment in Unconsolidated Real Estate Entity	3 Months Ended
Investment in Unconsolidated Real Estate Entity	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Real Estate Entity	Investment in Unconsolidated Real Estate Entity On June 5, 2019, the Company purchased, through a joint venture with Blackstone, the Bentall Centre office properties and retail complex in Vancouver, Canada. The Company owns 20% of this joint venture and serves as the operating partner. The unconsolidated real estate entity’s functional currency is the local currency. The Company has exposure to risks related to foreign currency fluctuations. The assets and liabilities are translated into U.S. dollars at the exchange rate in effect as of the financial statement date. Income statement accounts of our foreign subsidiaries are translated using the monthly-average exchange rate for the periods presented. Gains or losses resulting from the translation are classified in accumulated other comprehensive income as a separate component of total equity and are excluded from net income. The maximum exposure related to this unconsolidated joint venture is limited to our investment and $89.6 million of debt which the Company has guaranteed. The summarized balance sheets of the Company’s unconsolidated real estate entity represent the combined entities for our Bentall Centre properties as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 ASSETS Investment in real estate, net $ 758,013 $ 794,321 Other assets 24,299 51,597 TOTAL ASSETS 782,312 845,918 LIABILITIES Secured debt, net 443,650 480,127 Other liabilities 41,487 42,672 TOTAL LIABILITIES 485,137 522,799 Company’s capital (1) 59,435 64,624 Partner’s capital 237,740 258,495 TOTAL CAPITAL 297,175 323,119 TOTAL LIABILITIES AND CAPITAL $ 782,312 $ 845,918 __________________ 1. To the extent the Company’s cost basis is different from the basis reflected at the joint venture level, the basis is amortized over the life of the related asset and is included in loss from unconsolidated real estate entity on the Consolidated Statements of Operations. The summarized statement of operations of the Company’s unconsolidated real estate entity represent the combined entities for our Bentall Centre properties for the three months ended March 31, 2020: Three Months Ended March 31, 2020 TOTAL REVENUES $ 25,795 TOTAL EXPENSES 26,949 NET LOSS $ (1,154)

Deferred Leasing Costs and Leas

Deferred Leasing Costs and Lease Intangibles, net	3 Months Ended
Deferred Leasing Costs and Lease Intangibles, net	Mar. 31, 2020
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, 2020 December 31, 2019 Deferred leasing costs and in-place lease intangibles $ 336,376 $ 359,215 Accumulated amortization (123,023) (136,816) Deferred leasing costs and in-place lease intangibles, net 213,353 222,399 Below-market ground leases 72,916 72,916 Accumulated amortization (12,034) (11,436) Below-market ground leases, net 60,882 61,480 Above-market leases 4,559 8,015 Accumulated amortization (3,184) (6,446) Above-market leases, net 1,375 1,569 DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET $ 275,610 $ 285,448 Below-market leases $ 78,996 $ 87,064 Accumulated amortization (51,117) (56,447) Below-market leases, net 27,879 30,617 Above-market ground leases 1,095 1,095 Accumulated amortization (230) (219) Above-market ground leases, net 865 876 LEASE INTANGIBLE LIABILITIES, NET $ 28,744 $ 31,493 The Company recognized the following amortization related to deferred leasing costs and lease intangibles: Three Months Ended March 31, 2020 2019 Deferred leasing costs and in-place lease intangibles (1) $ (10,735) $ (11,882) Below-market ground leases (2) $ (599) $ (626) Above-market leases (3) $ (194) $ (310) Below-market leases (3) $ 2,738 $ 4,489 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
Receivables	Mar. 31, 2020
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 2019 Annual Report on Form 10-K. Accounts Receivable As of March 31, 2020, accounts receivable was $12.9 million and there was no allowance for doubtful accounts. As of December 31, 2019, accounts receivable was $13.0 million and there was no allowance for doubtful accounts. Straight-Line Rent Receivable As of March 31, 2020, straight-line rent receivable was $213.0 million and there was a $4.0 million allowance for doubtful accounts. As of December 31, 2019, straight-line rent receivable was $195.3 million and there was no allowance for doubtful accounts.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets, net	3 Months Ended
Prepaid Expenses and Other Assets, net	Mar. 31, 2020
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, 2020 December 31, 2019 Derivative assets $ — $ 479 Goodwill 8,754 8,754 Non-real estate investments 7,618 5,545 Deposits for future acquisitions 20,500 22,405 Deferred financing costs 2,927 3,246 Prepaid insurance 107 3,463 Prepaid property tax 1,035 2,070 Other 27,160 23,012 PREPAID EXPENSES AND OTHER ASSETS, NET $ 68,101 $ 68,974 Goodwill No goodwill impairment indicators have been identified during the three months ended March 31, 2020. Non-Real Estate Investments The Company holds investments in an entity that does not report NAV. The Company marks this investment 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 loss on non-real estate investment line item on the Consolidated Statements of Operations. To date, the Company has recognized an unrealized gain of $928.0 thousand due to observable changes in fair value. The Company did not recognize any changes to fair value for the three months ended March 31, 2020 and 2019.

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt The following table sets forth information with respect to the Company’s outstanding indebtedness: March 31, 2020 December 31, 2019 Interest Rate (1) Contractual Maturity Date UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (2)(3) $ 490,000 $ 75,000 LIBOR + 1.05% to 1.50% 3/13/2022 (4) Term loan B (2)(5) 350,000 350,000 LIBOR + 1.20% to 1.70% 4/1/2022 Term loan D (2)(6) 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 B notes 259,000 259,000 4.69% 12/16/2025 Series C notes 56,000 56,000 4.79% 12/16/2027 Series D notes 150,000 150,000 3.98% 7/6/2026 Series E notes 50,000 50,000 3.66% 9/15/2023 3.95% Registered senior notes 400,000 400,000 3.95% 11/1/2027 4.65% Registered senior notes (7) 500,000 500,000 4.65% 4/1/2029 3.25% Registered senior notes (8) 400,000 400,000 3.25% 1/15/2030 Total unsecured debt 2,890,000 2,475,000 Secured debt Met Park North (9) 64,500 64,500 LIBOR + 1.55% 8/1/2020 10950 Washington (10) 26,165 26,312 5.32% 3/11/2022 One Westside and 10850 Pico (11) 5,686 5,646 LIBOR + 1.70% 12/18/2023 (4) Revolving Sunset Bronson Studios/ICON/CUE facility (12) 5,001 5,001 LIBOR + 1.35% 3/1/2024 Element LA 168,000 168,000 4.59% 11/6/2025 Hill7 (13) 101,000 101,000 3.38% 11/6/2028 Total secured debt 370,352 370,459 Total unsecured and secured debt 3,260,352 2,845,459 Unamortized deferred financing costs and loan discounts/premiums (14) (26,259) (27,549) TOTAL UNSECURED AND SECURED DEBT, NET $ 3,234,093 $ 2,817,910 IN-SUBSTANCE DEFEASED DEBT (15) $ 134,205 $ 135,030 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, 2020, which may be different than the interest rates as of December 31, 2019 for corresponding indebtedness. 2. The rate is based on the operating partnership’s leverage ratio. 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, 2020, 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 5. 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 9 for details. 6. 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 9 for details. 7. On February 27, 2019, the operating partnership completed an underwritten public offering of $350.0 million of senior notes, which were issued at a discount at 98.663% of par. On June 14, 2019, the operating partnership completed an additional underwritten public offering of $150.0 million of senior notes, which were issued at a premium at 104.544% of par. These notes are treated as a single series of securities with an aggregate principal amount of $500.0 million. 8. On October 3, 2019, the operating partnership completed an underwritten public offering of $400.0 million in senior notes due January 15, 2030. The notes were issued at a discount at 99.268% of par value, with a coupon of 3.25%. 9. Interest on the full loan amount has been effectively fixed at 3.71% per annum through use of an interest rate swap. See Note 9 for details. 10. Monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule with a balloon payment at maturity. 11. The Company has the ability to draw up to $414.6 million under the construction loan secured by the One Westside and 10850 Pico properties. 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 7 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 separately presented on the balance sheet. 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 due 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 Current Year Activity During the three months ended March 31, 2020, the outstanding borrowings on the unsecured revolving credit facility increased by $415.0 million, net of draws. The Company increased its borrowings under the unsecured revolving credit facility during such period as precautionary measure to increase its cash position and preserve financial flexibility in light of the challenging business environment related to the COVID-19 pandemic. The Company generally 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. 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, 2020: Year Unsecured and Secured Debt In-substance Defeased Debt Joint Venture Partner Debt Remaining 2020 $ 64,947 $ 2,498 $ — 2021 632 3,494 — 2022 990,085 128,213 — 2023 165,686 — — 2024 5,001 — — Thereafter 2,034,001 — 66,136 TOTAL $ 3,260,352 $ 134,205 $ 66,136 Unsecured Debt 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 on February 27, 2019. The $300.0 million term loan was repaid with proceeds from the Company’s 3.25% registered senior notes on October 3, 2019. The following table summarizes the balance and key terms of the unsecured revolving credit facility as of: March 31, 2020 December 31, 2019 Outstanding borrowings $ 490,000 $ 75,000 Remaining borrowing capacity 110,000 525,000 TOTAL BORROWING CAPACITY $ 600,000 $ 600,000 Interest rate (1) LIBOR + 1.05% to 1.50% Annual facility fee rate (1) 0.15% or 0.30% Contractual maturity date (2) 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, 2020, no such election had been made. 2. The maturity date may be extended once for an additional one 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 Actual Performance Total liabilities to total asset value ≤ 60% 36.2% Unsecured indebtedness to unencumbered asset value ≤ 60% 44.2% Adjusted EBITDA to fixed charges ≥ 1.5x 3.5x Secured indebtedness to total asset value ≤ 45% 5.3% Unencumbered NOI to unsecured interest expense ≥ 2.0x 3.3x The following table summarizes existing covenants and their covenant levels related to the registered senior notes: Covenant Ratio (1) Covenant Level Actual Performance Debt to total assets ≤ 60% 43.1% Total unencumbered assets to unsecured debt ≥ 150% 214.1% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 3.9x Secured debt to total assets ≤ 40% 5.9% _________________ 1. The covenant and actual performance metrics above represent terms and definitions reflected in the indentures governing the 3.25% Senior Notes, 3.95% Senior Notes and 4.65% Senior Notes based on the financial results as of March 31, 2020. The operating partnership was in compliance with its financial covenants as of March 31, 2020. Repayment Guarantees 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. The Company guaranteed the operating partnership’s unsecured debt. 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, 2020 2019 Gross interest expense (1) $ 30,287 $ 27,465 Capitalized interest (5,115) (4,706) Amortization of deferred financing costs and loan discounts/premiums 1,245 1,591 INTEREST EXPENSE $ 26,417 $ 24,350 _________________ 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
Derivatives	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company enters into derivatives in order to hedge interest rate risk. The Company had four interest rate swaps with aggregate notional amounts of $539.5 million as of March 31, 2020 and December 31, 2019. 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, 2020 and December 31, 2019: Interest Rate Range (1) Fair Value (Liabilities) Assets Underlying Debt Instrument Number of Hedges Notional Amount Effective Date Maturity Date Low High March 31, 2020 December 31, 2019 Met Park North 1 $ 64,500 August 2013 August 2020 3.71% 3.71% $ (350) $ (195) Term loan B 2 350,000 April 2015 April 2022 2.96% 3.46% (9,774) (1,596) Term loan D 1 125,000 June 2016 November 2022 2.63% 3.13% (3,391) 479 TOTAL 4 $ 539,500 $ (13,515) $ (1,312) _____________ 1. The rate is based on the fixed rate from the interest rate swap and the spread based on the operating partnership’s leverage ratio.

U.S. Government Securities

U.S. Government Securities	3 Months Ended
U.S. Government Securities	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
U.S. Government Securities	U.S. Government Securities The Company has U.S. Government securities of $139.5 million and $140.7 million as of March 31, 2020 and December 31, 2019, respectively. The One Westside and 10850 Pico properties acquisition in 2018 included the assumption of debt that 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, 2020, the Company had $7.9 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, 2020: Carrying Value Fair Value Due in 1 year $ 4,945 $ 5,028 Due in 1 to 5 years 134,530 142,389 TOTAL $ 139,475 $ 147,417

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2020
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 certain of its subsidiaries, to treat each such subsidiary as a taxable REIT subsidiary (“TRS”) for federal income tax purposes. In general, 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. In the case of the Bentall Centre property, the Company owns its interest in the property through a non-U.S entity treated as a TRS 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, 2020, the Company has not established a liability for uncertain tax positions. The Company and certain of its TRSs file income tax returns with the U.S. federal government and various state and local jurisdictions. The Company and its TRSs are no longer subject to tax examinations by tax authorities for years prior to 2015. The Company has assessed its tax positions for all open years, which include 2015 to 2019, 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
Future Minimum Rents and Lease Payments	Mar. 31, 2020
Leases [Abstract]
Future Minimum Rents and 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, 2020: Year Ended Non-Cancellable Subject to Early Termination Options Total (1) Remaining 2020 $ 438,692 $ 8,242 $ 446,934 2021 557,376 27,296 584,672 2022 509,360 39,143 548,503 2023 469,228 41,467 510,695 2024 419,819 20,984 440,803 Thereafter 1,689,436 153,212 1,842,648 TOTAL $ 4,083,911 $ 290,344 $ 4,374,255 _____________ 1. 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, 2020: 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. In no event can rent be less than the specific amount prescribed in the ground lease agreement. 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 add 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%. Additionally, the parking lot is subject to a separate ground lease agreement that expires on April 1, 2023. The minimum annual rent adjusts each year for changes in CPI with a floor of 2% and a cap of 4%. The parking lot is subject to automatic renewals for 10-year periods at market. 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. In no event can rent be less than the specific amount prescribed in the ground lease agreement. 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%. In no event rent can be less then the specific amount prescribed in the ground lease agreement. 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 add 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. 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, 2020 2019 Contingent rental expense $ 2,157 $ 2,514 Minimum rental expense $ 4,991 $ 4,603 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, 2020: Year Lease Payments (1) Remaining 2020 $ 13,876 2021 18,622 2022 18,663 2023 18,438 2024 18,392 Thereafter 534,353 Total ground lease payments 622,344 Less: interest portion (349,923) PRESENT VALUE OF LEASE LIABILITY $ 272,421 _________________ 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, 2020.
Future Minimum Rents and 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, 2020: Year Ended Non-Cancellable Subject to Early Termination Options Total (1) Remaining 2020 $ 438,692 $ 8,242 $ 446,934 2021 557,376 27,296 584,672 2022 509,360 39,143 548,503 2023 469,228 41,467 510,695 2024 419,819 20,984 440,803 Thereafter 1,689,436 153,212 1,842,648 TOTAL $ 4,083,911 $ 290,344 $ 4,374,255 _____________ 1. 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, 2020: 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. In no event can rent be less than the specific amount prescribed in the ground lease agreement. 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 add 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%. Additionally, the parking lot is subject to a separate ground lease agreement that expires on April 1, 2023. The minimum annual rent adjusts each year for changes in CPI with a floor of 2% and a cap of 4%. The parking lot is subject to automatic renewals for 10-year periods at market. 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. In no event can rent be less than the specific amount prescribed in the ground lease agreement. 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%. In no event rent can be less then the specific amount prescribed in the ground lease agreement. 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 add 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. 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, 2020 2019 Contingent rental expense $ 2,157 $ 2,514 Minimum rental expense $ 4,991 $ 4,603 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, 2020: Year Lease Payments (1) Remaining 2020 $ 13,876 2021 18,622 2022 18,663 2023 18,438 2024 18,392 Thereafter 534,353 Total ground lease payments 622,344 Less: interest portion (349,923) PRESENT VALUE OF LEASE LIABILITY $ 272,421 _________________

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
Fair Value of Financial Instruments	Mar. 31, 2020
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, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets (1) $ — $ — $ — $ — $ — $ 479 $ — $ 479 Derivative liabilities (2) $ — $ (13,515) $ — $ (13,515) $ — $ (1,791) $ — $ (1,791) Non-real estate investments (1) $ — $ 7,618 $ — $ 7,618 $ — $ 5,545 $ — $ 5,545 ___________ 1. Included in the prepaid expenses and other assets, net line item on the Consolidated Balance Sheets. 2. Included in the accounts payable, accrued liabilities and other 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 estimated 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, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value ASSETS U.S. Government securities $ 139,475 $ 147,417 $ 140,749 $ 144,589 LIABILITIES Unsecured debt (1) $ 2,890,000 $ 2,829,991 $ 2,475,000 $ 2,540,606 Secured debt (1) $ 370,352 $ 366,535 $ 370,459 $ 366,476 In-substance defeased debt $ 134,205 $ 147,417 $ 135,030 $ 134,936 Joint venture partner debt $ 66,136 $ 69,029 $ 66,136 $ 68,557 _________________

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has various stock compensation arrangements, which are more fully described in the 2019 Annual Report on Form 10-K. Under the 2010 Incentive Plan, as amended (“2010 Plan”), the Company’s board of directors (“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. The Compensation Committee adopted a Hudson Pacific Properties, Inc. Outperformance Program (“OPP Plan”) under the 2010 Plan through 2019. With respect to OPP Plan awards granted through 2016, to the extent an award is earned following the completion of a three three two two Beginning in 2020, the Compensation Committee adopted an annual Hudson Pacific Properties, Inc. Performance Stock Unit Plan (“PSU Plan”). Effective January 1, 2020, the Compensation Committee awarded to certain employees performance units in the operating partnership (“2020 PSU Plan”). The 2020 PSU Plan grant consists of two portions. A portion of each performance unit award, the Relative TSR Performance Unit, is eligible to vest based on the achievement of the Company’s total shareholder return compared to the total shareholder return of the SNL U.S. REIT Office Index over a three one will vest over three years. The number of Operational Performance Units that become eligible to vest based on the achievement of operational performance metrics may be adjusted based on the Company’s achievement of absolute total shareholder return goals over the three The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: Three Months Ended March 31, 2020 2019 Expensed stock compensation (1) $ 4,895 $ 5,150 Capitalized stock compensation (2) 985 29 TOTAL STOCK COMPENSATION (3) $ 5,880 $ 5,179 _________________ 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
Earnings Per Share	Mar. 31, 2020
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 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 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 income available to common stockholders: Three Months Ended March 31, 2020 2019 Numerator: Basic net income (loss) available to common stockholders $ 10,777 $ (39,392) Effect of dilutive instruments 108 — Diluted net income (loss) available to common stockholders $ 10,885 $ (39,392) Denominator: Basic weighted average common shares outstanding 154,432,602 154,396,159 Effect of dilutive instruments (1) 3,677,310 — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 158,109,912 154,396,159 Basic earnings (loss) per common share $ 0.07 $ (0.26) Diluted earnings (loss) per common share $ 0.07 $ (0.26) ________________ 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 operating partnership calculates basic earnings per unit by dividing the net income available to common unitholders for the period by the weighted average number of common units outstanding during the period. The operating partnership calculates diluted earnings per unit by dividing the diluted net income 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 operating partnership’s basic and diluted earnings per unit for net income available to common unitholders: Three Months Ended March 31, 2020 2019 Numerator: Basic and diluted net income (loss) available to common unitholders $ 10,840 $ (39,577) Denominator: Basic weighted average common units outstanding 155,344,460 155,120,144 Effect of dilutive instruments (1) 2,156,773 — DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 157,501,233 155,120,144 Basic earnings (loss) per common unit $ 0.07 $ (0.26) Diluted earnings (loss) per common unit $ 0.07 $ (0.26) ________________

Redeemable Non-Controlling Inte

Redeemable Non-Controlling Interest	3 Months Ended
Redeemable Non-Controlling Interest	Mar. 31, 2020
Temporary Equity Disclosure [Abstract]
Redeemable Non-Controlling Interest	Redeemable Non-Controlling Interest Redeemable Preferred Units of the Operating Partnership As of March 31, 2020 and December 31, 2019, there were 392,598 series A preferred units of partnership interest in the operating partnership, or series A preferred units, which are not owned by the Company. 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: Three Months Ended March 31, 2020 Series A Redeemable Preferred Units Consolidated Entities BEGINNING OF PERIOD $ 9,815 $ 125,260 Contributions — 2,456 Declared dividend (153) — Net income (loss) 153 (633) END OF PERIOD $ 9,815 $ 127,083

Equity

Equity	3 Months Ended
Equity	Mar. 31, 2020
Equity [Abstract]
Equity	Equity The table below presents the activity related to Hudson Pacific Properties Inc.’s accumulated other comprehensive (loss) income (“OCI”): Derivative Instruments Currency Translation Adjustments Total Equity BALANCE AT DECEMBER 31, 2019 $ (2,391) $ 1,830 $ (561) Unrealized losses recognized in OCI (12,157) (4,950) (17,107) Reclassification adjustment for realized gains (1) (136) — (136) Net change in OCI (12,293) (4,950) (17,243) BALANCE AT MARCH 31, 2020 $ (14,684) $ (3,120) $ (17,804) _____________ 1. The gains and losses on the Company’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $26.4 million for the three months ended March 31, 2020. The table below presents the activity related to Hudson Pacific Properties L.P.’s OCI: Derivative Instruments Currency Translation Adjustments Total Capital BALANCE AT DECEMBER 31, 2019 $ (2,458) $ 1,845 $ (613) Unrealized losses recognized in OCI (12,278) (4,999) (17,277) Reclassification adjustment for realized gains (1) (137) — (137) Net change in OCI (12,415) (4,999) (17,414) BALANCE AT MARCH 31, 2020 $ (14,873) $ (3,154) $ (18,027) _____________ 1. The gains and losses on the operating partnership’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $26.4 million for the three months ended March 31, 2020. 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 at a per unit value equal to the then-current market value of one share of common stock. However, in lieu of such payment of cash, Hudson Pacific Properties, Inc. may, at its election, issue shares of its common stock in exchange for such 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 (on a per unit basis) with the capital accounts of common unitholders. Once vested and having achieved parity with common unitholders, performance units generally 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, 2020 December 31, 2019 Company-owned common units in the operating partnership 153,295,905 154,691,052 Company’s ownership interest percentage 99.4 % 99.4 % Non-controlling units in the operating partnership (1) 911,858 991,858 Non-controlling ownership interest percentage 0.6 % 0.6 % _________________ 1. Represents units held by certain of the Company’s executive officers, directors and outside investors. As of March 31, 2020, this amount represents both common units and performance units of 550,969 and 360,889, respectively. As of December 31, 2019, this amount represents both common units and performance units of 550,969 and 360,889 , respectively . Common Stock Activity The Company has not completed any common stock offerings in 2020. 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, 2020. A cumulative total of $20.1 million has been sold as of March 31, 2020. Share Repurchase Program The Company is authorized to repurchase up to a total $250.0 million shares of its common stock under its share repurchase program. During the three months ended March 31, 2020, the Company repurchased $35.4 million shares of its common stock. Since commencement of the program, a cumulative total of $85.4 million has been repurchased. 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, 2020 2019 Common stock $ 0.25 $ 0.25 Common units $ 0.25 $ 0.25 Series A preferred units $ 0.3906 $ 0.3906 Performance units $ 0.25 $ 0.25 Payment date March 30, 2020 March 28, 2019 Record date March 20, 2020 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
Segment Reporting	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The 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, 2020 2019 Office segment Office revenues $ 186,427 $ 175,858 Office expenses (63,860) (60,815) Office segment profit 122,567 115,043 Studio segment Studio revenues 19,800 21,531 Studio expenses (10,650) (11,109) Studio segment profit 9,150 10,422 TOTAL SEGMENT PROFIT $ 131,717 $ 125,465 Segment revenues $ 206,227 $ 197,389 Segment expenses (74,510) (71,924) TOTAL SEGMENT PROFIT $ 131,717 $ 125,465 The table below is a reconciliation of the total profit from all segments to net income: Three Months Ended March 31, 2020 2020 2019 NET INCOME (LOSS) $ 13,949 $ (36,895) General and administrative 18,618 18,094 Depreciation and amortization 73,763 68,505 Loss from unconsolidated real estate entity 236 — Fee income (610) — Interest expense 26,417 24,350 Interest income (1,025) (1,024) Transaction-related expenses 102 128 Unrealized loss on non-real estate investment 581 — Impairment loss — 52,201 Other (income) expense (314) 106 TOTAL PROFIT FROM ALL SEGMENTS $ 131,717 $ 125,465

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2020
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, 2020, that provide for various severance and change in control benefits and other terms and conditions of employment.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2020
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, 2020, 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
Supplemental Cash Flow Information	Mar. 31, 2020
Cash and Cash Equivalents [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Supplemental cash flow information for Hudson Pacific Properties, Inc. is included as follows: Three Months Ended March 31, 2020 2019 Cash paid for interest, net of capitalized interest $ 38,126 $ 13,543 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ (142,919) $ (813) Supplemental cash flow information for Hudson Pacific Properties, L.P. is included as follows: Three Months Ended March 31, 2020 2019 Cash paid for interest, net of capitalized interest $ 38,126 $ 13,543 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ (142,919) $ (813) 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 for Hudson Pacific Properties, Inc: Three Months Ended March 31, 2020 2019 BEGINNING OF PERIOD Cash and cash equivalents $ 46,224 $ 53,740 Restricted cash 12,034 14,451 TOTAL $ 58,258 $ 68,191 END OF PERIOD Cash and cash equivalents $ 392,136 $ 52,445 Restricted cash 11,982 13,626 TOTAL $ 404,118 $ 66,071 The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented for Hudson Pacific Properties, L.P.: Three Months Ended March 31, 2020 2019 BEGINNING OF PERIOD Cash and cash equivalents $ 46,224 $ 53,740 Restricted cash 12,034 14,451 TOTAL $ 58,258 $ 68,191 END OF PERIOD Cash and cash equivalents $ 392,136 $ 52,445 Restricted cash 11,982 13,626 TOTAL $ 404,118 $ 66,071

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company is closely monitoring the impact of the COVID-19 pandemic on all aspects of its business and across its portfolio, including how it will impact its tenants. While the Company did not experience significant disruptions during the three months ended March 31, 2020 from the COVID-19 pandemic, it is unable to predict the impact the COVID-19 pandemic will have on its financial condition, results of operations and cash flows due to numerous uncertainties. In April, as is likely the case with all landlords, the Company received certain rent relief requests, predominantly in the form of rent deferral requests, as a result of COVID-19. The Company is carefully evaluating each tenant rent relief request on an individual basis, considering a number of factors. Not all tenant requests will ultimately result in modification agreements, and (to the extent practical) the Company is not forgoing its contractual rights under its lease agreements. As of May 1, 2020, the Company has executed deferrals in the amount of $2.2 million and an additional $0.4 million in abatements. Another $1.3 million remains in discussion for either payment or deferral. Some of our tenants have subsequently begun to avail themselves of the various federal and state relief funds, such as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	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.
Principles of Consolidation	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, 2020, the Company has determined its operating partnership and five joint ventures met the definition of a VIE. Four of the joint ventures are consolidated and one of the joint ventures is unconsolidated.
Use of Estimates	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	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.
Lessor Accounting	Lessor AccountingThe presentation of revenues on the Consolidated Statement of Operations reflects a single lease component that combines rental, tenant recoveries, and other tenant-related revenues for the office portfolio, with the election of the lessor practical expedient. 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 subject to ASC 606, Revenue from Contracts with Customers (“ASC 606”).
Revenue Recognition	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) other revenues and (v) sale of real estate. Revenue Stream Components Financial Statement Location 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 revenues and other Other revenues Parking revenue that is not associated with lease agreements and other Office and studio segments: service revenues and other Sale of real estate Gains on sales derived from cash consideration less cost basis Gains on sale of real estate The Company recognizes 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 other revenues have been accounted for under ASC 606. 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: Three Months Ended March 31, 2020 2019 Ancillary revenues $ 5,799 $ 8,116 Other revenues $ 5,955 $ 6,407 Studio-related tenant recoveries $ 445 $ 275 The following table summarizes the Company’s receivables that are accounted for under ASC 606: March 31, 2020 December 31, 2019 Ancillary revenues $ 1,128 $ 1,652 Other revenues $ 1,970 $ 2,417 Studio-related tenant recoveries $ 8 $ 26 In regards to sale of real estate, the Company applies certain recognition and measurement principles in accordance with ASC 606. 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 with the sold property by the seller, 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 on sale of real estate if the sale includes continued involvement that represents a separate performance obligation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which changed the impairment model for most financial instruments by requiring companies to recognize an allowance for expected losses, rather than incurred losses. ASC 326 applies to the Company’s receivables related to service revenues and parking revenue that is not associated with lease agreements. The accounting standard was adopted on January 1, 2020 using modified retrospective transition approach. The adoption did not have a material impact on the Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the quarter ended March 31, 2020, the Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. On April 10, 2020, the FASB issued a Staff Q&A related to the application of the lease guidance in ASC 842 for the accounting impact of lease concessions related to the COVID-19 pandemic. The FASB staff believes that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under ASC 842 as though enforceable rights and obligations for those concessions existed. As a result of this election, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in ASC 842, as long as the concessions do not result in a substantial increase in the rights of the lessor or the obligations of the lessee. To date, the impact of lease concessions granted has not had a material effect on the Company’s consolidated financial statements. The Company will continue to evaluate the impact of accounting for lease concessions and the impact of this Q&A.

Organization (Tables)

Organization (Tables)	3 Months Ended
Organization (Tables)	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Portfolio of properties	The following table summarizes the Company’s portfolio as of March 31, 2020: Segments Number of Properties Square Feet (unaudited) Consolidated portfolio Office 51 13,374,382 Studios 3 1,224,403 Land 6 2,231,376 Total consolidated portfolio 60 16,830,161 Unconsolidated portfolio (1) Office 1 1,477,142 Land 1 450,000 Total unconsolidated portfolio 2 1,927,142 TOTAL (2) 62 18,757,303 _________________ 1. The Company purchased, pursuant to a co-ownership agreement with an affiliate of Blackstone Property Partners Lower Fund 1 LP (“Blackstone”), the Bentall Centre property located in Vancouver, Canada. The Company owns 20% of this joint venture. The square footage shown above represents 100% of the property. For further detail regarding the Bentall Centre property, see Note 4. 2. Includes redevelopment and development properties.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2020
Variable Interest Entity [Line Items]
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) other revenues and (v) sale of real estate. Revenue Stream Components Financial Statement Location 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 revenues and other Other revenues Parking revenue that is not associated with lease agreements and other Office and studio segments: service revenues and other 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: Three Months Ended March 31, 2020 2019 Ancillary revenues $ 5,799 $ 8,116 Other revenues $ 5,955 $ 6,407 Studio-related tenant recoveries $ 445 $ 275 The following table summarizes the Company’s receivables that are accounted for under ASC 606: March 31, 2020 December 31, 2019 Ancillary revenues $ 1,128 $ 1,652 Other revenues $ 1,970 $ 2,417 Studio-related tenant recoveries $ 8 $ 26
Hudson Pacific Partners L.P.
Variable Interest Entity [Line Items]
Schedule of consolidated entities	As of March 31, 2020, 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 %

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	3 Months Ended
Investment in Real Estate (Tables)	Mar. 31, 2020
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, 2020 December 31, 2019 Land $ 1,313,412 $ 1,313,412 Building and improvements 5,227,848 5,189,342 Tenant improvements 641,568 631,459 Furniture and fixtures 11,133 10,693 Property under development 153,102 124,222 INVESTMENT IN REAL ESTATE, AT COST $ 7,347,063 $ 7,269,128

Investment in Unconsolidated _2

Investment in Unconsolidated Real Estate Entity (Tables)	3 Months Ended
Investment in Unconsolidated Real Estate Entity (Tables)	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The summarized balance sheets of the Company’s unconsolidated real estate entity represent the combined entities for our Bentall Centre properties as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 ASSETS Investment in real estate, net $ 758,013 $ 794,321 Other assets 24,299 51,597 TOTAL ASSETS 782,312 845,918 LIABILITIES Secured debt, net 443,650 480,127 Other liabilities 41,487 42,672 TOTAL LIABILITIES 485,137 522,799 Company’s capital (1) 59,435 64,624 Partner’s capital 237,740 258,495 TOTAL CAPITAL 297,175 323,119 TOTAL LIABILITIES AND CAPITAL $ 782,312 $ 845,918 __________________ 1. To the extent the Company’s cost basis is different from the basis reflected at the joint venture level, the basis is amortized over the life of the related asset and is included in loss from unconsolidated real estate entity on the Consolidated Statements of Operations. The summarized statement of operations of the Company’s unconsolidated real estate entity represent the combined entities for our Bentall Centre properties for the three months ended March 31, 2020: Three Months Ended March 31, 2020 TOTAL REVENUES $ 25,795 TOTAL EXPENSES 26,949 NET LOSS $ (1,154)

Deferred Leasing Costs and Le_2

Deferred Leasing Costs and Lease Intangibles, net (Tables)	3 Months Ended
Deferred Leasing Costs and Lease Intangibles, net (Tables)	Mar. 31, 2020
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, 2020 December 31, 2019 Deferred leasing costs and in-place lease intangibles $ 336,376 $ 359,215 Accumulated amortization (123,023) (136,816) Deferred leasing costs and in-place lease intangibles, net 213,353 222,399 Below-market ground leases 72,916 72,916 Accumulated amortization (12,034) (11,436) Below-market ground leases, net 60,882 61,480 Above-market leases 4,559 8,015 Accumulated amortization (3,184) (6,446) Above-market leases, net 1,375 1,569 DEFERRED LEASING COSTS AND LEASE INTANGIBLE ASSETS, NET $ 275,610 $ 285,448 Below-market leases $ 78,996 $ 87,064 Accumulated amortization (51,117) (56,447) Below-market leases, net 27,879 30,617 Above-market ground leases 1,095 1,095 Accumulated amortization (230) (219) Above-market ground leases, net 865 876 LEASE INTANGIBLE LIABILITIES, NET $ 28,744 $ 31,493
Schedule of amortization during period	The Company recognized the following amortization related to deferred leasing costs and lease intangibles: Three Months Ended March 31, 2020 2019 Deferred leasing costs and in-place lease intangibles (1) $ (10,735) $ (11,882) Below-market ground leases (2) $ (599) $ (626) Above-market leases (3) $ (194) $ (310) Below-market leases (3) $ 2,738 $ 4,489 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
Prepaid Expenses and Other Assets, net (Tables)	Mar. 31, 2020
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, 2020 December 31, 2019 Derivative assets $ — $ 479 Goodwill 8,754 8,754 Non-real estate investments 7,618 5,545 Deposits for future acquisitions 20,500 22,405 Deferred financing costs 2,927 3,246 Prepaid insurance 107 3,463 Prepaid property tax 1,035 2,070 Other 27,160 23,012 PREPAID EXPENSES AND OTHER ASSETS, NET $ 68,101 $ 68,974

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2020
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, 2020 December 31, 2019 Interest Rate (1) Contractual Maturity Date UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (2)(3) $ 490,000 $ 75,000 LIBOR + 1.05% to 1.50% 3/13/2022 (4) Term loan B (2)(5) 350,000 350,000 LIBOR + 1.20% to 1.70% 4/1/2022 Term loan D (2)(6) 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 B notes 259,000 259,000 4.69% 12/16/2025 Series C notes 56,000 56,000 4.79% 12/16/2027 Series D notes 150,000 150,000 3.98% 7/6/2026 Series E notes 50,000 50,000 3.66% 9/15/2023 3.95% Registered senior notes 400,000 400,000 3.95% 11/1/2027 4.65% Registered senior notes (7) 500,000 500,000 4.65% 4/1/2029 3.25% Registered senior notes (8) 400,000 400,000 3.25% 1/15/2030 Total unsecured debt 2,890,000 2,475,000 Secured debt Met Park North (9) 64,500 64,500 LIBOR + 1.55% 8/1/2020 10950 Washington (10) 26,165 26,312 5.32% 3/11/2022 One Westside and 10850 Pico (11) 5,686 5,646 LIBOR + 1.70% 12/18/2023 (4) Revolving Sunset Bronson Studios/ICON/CUE facility (12) 5,001 5,001 LIBOR + 1.35% 3/1/2024 Element LA 168,000 168,000 4.59% 11/6/2025 Hill7 (13) 101,000 101,000 3.38% 11/6/2028 Total secured debt 370,352 370,459 Total unsecured and secured debt 3,260,352 2,845,459 Unamortized deferred financing costs and loan discounts/premiums (14) (26,259) (27,549) TOTAL UNSECURED AND SECURED DEBT, NET $ 3,234,093 $ 2,817,910 IN-SUBSTANCE DEFEASED DEBT (15) $ 134,205 $ 135,030 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, 2020, which may be different than the interest rates as of December 31, 2019 for corresponding indebtedness. 2. The rate is based on the operating partnership’s leverage ratio. 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, 2020, 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 5. 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 9 for details. 6. 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 9 for details. 7. On February 27, 2019, the operating partnership completed an underwritten public offering of $350.0 million of senior notes, which were issued at a discount at 98.663% of par. On June 14, 2019, the operating partnership completed an additional underwritten public offering of $150.0 million of senior notes, which were issued at a premium at 104.544% of par. These notes are treated as a single series of securities with an aggregate principal amount of $500.0 million. 8. On October 3, 2019, the operating partnership completed an underwritten public offering of $400.0 million in senior notes due January 15, 2030. The notes were issued at a discount at 99.268% of par value, with a coupon of 3.25%. 9. Interest on the full loan amount has been effectively fixed at 3.71% per annum through use of an interest rate swap. See Note 9 for details. 10. Monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule with a balloon payment at maturity. 11. The Company has the ability to draw up to $414.6 million under the construction loan secured by the One Westside and 10850 Pico properties. 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 7 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 separately presented on the balance sheet. Monthly debt service includes annual debt amortization payments based on a 10-year amortization schedule with a balloon payment at maturity. two
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, 2020: Year Unsecured and Secured Debt In-substance Defeased Debt Joint Venture Partner Debt Remaining 2020 $ 64,947 $ 2,498 $ — 2021 632 3,494 — 2022 990,085 128,213 — 2023 165,686 — — 2024 5,001 — — Thereafter 2,034,001 — 66,136 TOTAL $ 3,260,352 $ 134,205 $ 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, 2020 December 31, 2019 Outstanding borrowings $ 490,000 $ 75,000 Remaining borrowing capacity 110,000 525,000 TOTAL BORROWING CAPACITY $ 600,000 $ 600,000 Interest rate (1) LIBOR + 1.05% to 1.50% Annual facility fee rate (1) 0.15% or 0.30% Contractual maturity date (2) 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, 2020, no such election had been made. 2. The maturity date may be extended once for an additional one
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 Actual Performance Total liabilities to total asset value ≤ 60% 36.2% Unsecured indebtedness to unencumbered asset value ≤ 60% 44.2% Adjusted EBITDA to fixed charges ≥ 1.5x 3.5x Secured indebtedness to total asset value ≤ 45% 5.3% Unencumbered NOI to unsecured interest expense ≥ 2.0x 3.3x The following table summarizes existing covenants and their covenant levels related to the registered senior notes: Covenant Ratio (1) Covenant Level Actual Performance Debt to total assets ≤ 60% 43.1% Total unencumbered assets to unsecured debt ≥ 150% 214.1% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 3.9x Secured debt to total assets ≤ 40% 5.9% _________________ 1. The covenant and actual performance metrics above represent terms and definitions reflected in the indentures governing the 3.25% Senior Notes, 3.95% Senior Notes and 4.65% Senior Notes based on the financial results as of March 31, 2020.
Schedule of 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, 2020 2019 Gross interest expense (1) $ 30,287 $ 27,465 Capitalized interest (5,115) (4,706) Amortization of deferred financing costs and loan discounts/premiums 1,245 1,591 INTEREST EXPENSE $ 26,417 $ 24,350 _________________ 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
Derivatives (Tables)	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The following table summarizes the Company’s derivative instruments as of March 31, 2020 and December 31, 2019: Interest Rate Range (1) Fair Value (Liabilities) Assets Underlying Debt Instrument Number of Hedges Notional Amount Effective Date Maturity Date Low High March 31, 2020 December 31, 2019 Met Park North 1 $ 64,500 August 2013 August 2020 3.71% 3.71% $ (350) $ (195) Term loan B 2 350,000 April 2015 April 2022 2.96% 3.46% (9,774) (1,596) Term loan D 1 125,000 June 2016 November 2022 2.63% 3.13% (3,391) 479 TOTAL 4 $ 539,500 $ (13,515) $ (1,312) _____________

U.S. Government Securities (Tab

U.S. Government Securities (Tables)	3 Months Ended
U.S. Government Securities (Tables)	Mar. 31, 2020
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, 2020: Carrying Value Fair Value Due in 1 year $ 4,945 $ 5,028 Due in 1 to 5 years 134,530 142,389 TOTAL $ 139,475 $ 147,417

Future Minimum Base Rents and L

Future Minimum Base Rents and Lease Payments (Tables)	3 Months Ended
Future Minimum Base Rents and Lease Payments (Tables)	Mar. 31, 2020
Leases [Abstract]
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, 2020: Year Ended Non-Cancellable Subject to Early Termination Options Total (1) Remaining 2020 $ 438,692 $ 8,242 $ 446,934 2021 557,376 27,296 584,672 2022 509,360 39,143 548,503 2023 469,228 41,467 510,695 2024 419,819 20,984 440,803 Thereafter 1,689,436 153,212 1,842,648 TOTAL $ 4,083,911 $ 290,344 $ 4,374,255 _____________ 1. 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, 2020: 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. In no event can rent be less than the specific amount prescribed in the ground lease agreement. 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 add 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%. Additionally, the parking lot is subject to a separate ground lease agreement that expires on April 1, 2023. The minimum annual rent adjusts each year for changes in CPI with a floor of 2% and a cap of 4%. The parking lot is subject to automatic renewals for 10-year periods at market. 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. In no event can rent be less than the specific amount prescribed in the ground lease agreement. 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%. In no event rent can be less then the specific amount prescribed in the ground lease agreement. 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 add 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.
Rental expense for ground leases	The following table summarizes rental expense for ground leases as follows: Three Months Ended March 31, 2020 2019 Contingent rental expense $ 2,157 $ 2,514 Minimum rental expense $ 4,991 $ 4,603
Future minimum lease payments for ground leases	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, 2020: Year Lease Payments (1) Remaining 2020 $ 13,876 2021 18,622 2022 18,663 2023 18,438 2024 18,392 Thereafter 534,353 Total ground lease payments 622,344 Less: interest portion (349,923) PRESENT VALUE OF LEASE LIABILITY $ 272,421 _________________ 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, 2020.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
Fair Value of Financial Instruments (Tables)	Mar. 31, 2020
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, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets (1) $ — $ — $ — $ — $ — $ 479 $ — $ 479 Derivative liabilities (2) $ — $ (13,515) $ — $ (13,515) $ — $ (1,791) $ — $ (1,791) Non-real estate investments (1) $ — $ 7,618 $ — $ 7,618 $ — $ 5,545 $ — $ 5,545 ___________ 1. Included in the prepaid expenses and other assets, net line item on the Consolidated Balance Sheets. 2. Included in the accounts payable, accrued liabilities and other line item on the Consolidated Balance Sheets.
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, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value ASSETS U.S. Government securities $ 139,475 $ 147,417 $ 140,749 $ 144,589 LIABILITIES Unsecured debt (1) $ 2,890,000 $ 2,829,991 $ 2,475,000 $ 2,540,606 Secured debt (1) $ 370,352 $ 366,535 $ 370,459 $ 366,476 In-substance defeased debt $ 134,205 $ 147,417 $ 135,030 $ 134,936 Joint venture partner debt $ 66,136 $ 69,029 $ 66,136 $ 68,557 _________________

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
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, 2020 2019 Expensed stock compensation (1) $ 4,895 $ 5,150 Capitalized stock compensation (2) 985 29 TOTAL STOCK COMPENSATION (3) $ 5,880 $ 5,179 _________________ 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
Earnings Per Share (Tables)	Mar. 31, 2020
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 income available to common stockholders: Three Months Ended March 31, 2020 2019 Numerator: Basic net income (loss) available to common stockholders $ 10,777 $ (39,392) Effect of dilutive instruments 108 — Diluted net income (loss) available to common stockholders $ 10,885 $ (39,392) Denominator: Basic weighted average common shares outstanding 154,432,602 154,396,159 Effect of dilutive instruments (1) 3,677,310 — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 158,109,912 154,396,159 Basic earnings (loss) per common share $ 0.07 $ (0.26) Diluted earnings (loss) per common share $ 0.07 $ (0.26) ________________ 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 operating partnership’s basic and diluted earnings per unit for net income available to common unitholders: Three Months Ended March 31, 2020 2019 Numerator: Basic and diluted net income (loss) available to common unitholders $ 10,840 $ (39,577) Denominator: Basic weighted average common units outstanding 155,344,460 155,120,144 Effect of dilutive instruments (1) 2,156,773 — DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 157,501,233 155,120,144 Basic earnings (loss) per common unit $ 0.07 $ (0.26) Diluted earnings (loss) per common unit $ 0.07 $ (0.26) ________________

Redeemable Non-Controlling In_2

Redeemable Non-Controlling Interest (Tables)	3 Months Ended
Redeemable Non-Controlling Interest (Tables)	Mar. 31, 2020
Temporary Equity Disclosure [Abstract]
Schedule of Redeemable Non-controlling Interests	The following table reconciles the beginning and ending balances of redeemable non-controlling interests: Three Months Ended March 31, 2020 Series A Redeemable Preferred Units Consolidated Entities BEGINNING OF PERIOD $ 9,815 $ 125,260 Contributions — 2,456 Declared dividend (153) — Net income (loss) 153 (633) END OF PERIOD $ 9,815 $ 127,083

Equity (Tables)

Equity (Tables)	3 Months Ended
Equity (Tables)	Mar. 31, 2020
Equity [Abstract]
Comprehensive income (loss)	The table below presents the activity related to Hudson Pacific Properties Inc.’s accumulated other comprehensive (loss) income (“OCI”): Derivative Instruments Currency Translation Adjustments Total Equity BALANCE AT DECEMBER 31, 2019 $ (2,391) $ 1,830 $ (561) Unrealized losses recognized in OCI (12,157) (4,950) (17,107) Reclassification adjustment for realized gains (1) (136) — (136) Net change in OCI (12,293) (4,950) (17,243) BALANCE AT MARCH 31, 2020 $ (14,684) $ (3,120) $ (17,804) _____________ 1. The gains and losses on the Company’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $26.4 million for the three months ended March 31, 2020. The table below presents the activity related to Hudson Pacific Properties L.P.’s OCI: Derivative Instruments Currency Translation Adjustments Total Capital BALANCE AT DECEMBER 31, 2019 $ (2,458) $ 1,845 $ (613) Unrealized losses recognized in OCI (12,278) (4,999) (17,277) Reclassification adjustment for realized gains (1) (137) — (137) Net change in OCI (12,415) (4,999) (17,414) BALANCE AT MARCH 31, 2020 $ (14,873) $ (3,154) $ (18,027) _____________ 1. The gains and losses on the operating partnership’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $26.4 million for the three months ended March 31, 2020.
Schedule of ownership interest in operating partnership	The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units as of: March 31, 2020 December 31, 2019 Company-owned common units in the operating partnership 153,295,905 154,691,052 Company’s ownership interest percentage 99.4 % 99.4 % Non-controlling units in the operating partnership (1) 911,858 991,858 Non-controlling ownership interest percentage 0.6 % 0.6 % _________________ 1. Represents units held by certain of the Company’s executive officers, directors and outside investors. As of March 31, 2020, this amount represents both common units and performance units of 550,969 and 360,889, respectively. As of December 31, 2019, this amount represents both common units and performance units of 550,969 and 360,889 , respectively .
Schedule of dividends payable	The following table summarizes dividends declared and paid for the periods presented: Three Months Ended March 31, 2020 2019 Common stock $ 0.25 $ 0.25 Common units $ 0.25 $ 0.25 Series A preferred units $ 0.3906 $ 0.3906 Performance units $ 0.25 $ 0.25 Payment date March 30, 2020 March 28, 2019 Record date March 20, 2020 March 18, 2019

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Mar. 31, 2020
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, 2020 2019 Office segment Office revenues $ 186,427 $ 175,858 Office expenses (63,860) (60,815) Office segment profit 122,567 115,043 Studio segment Studio revenues 19,800 21,531 Studio expenses (10,650) (11,109) Studio segment profit 9,150 10,422 TOTAL SEGMENT PROFIT $ 131,717 $ 125,465 Segment revenues $ 206,227 $ 197,389 Segment expenses (74,510) (71,924) TOTAL SEGMENT PROFIT $ 131,717 $ 125,465 The table below is a reconciliation of the total profit from all segments to net income: Three Months Ended March 31, 2020 2020 2019 NET INCOME (LOSS) $ 13,949 $ (36,895) General and administrative 18,618 18,094 Depreciation and amortization 73,763 68,505 Loss from unconsolidated real estate entity 236 — Fee income (610) — Interest expense 26,417 24,350 Interest income (1,025) (1,024) Transaction-related expenses 102 128 Unrealized loss on non-real estate investment 581 — Impairment loss — 52,201 Other (income) expense (314) 106 TOTAL PROFIT FROM ALL SEGMENTS $ 131,717 $ 125,465

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
Supplemental Cash Flow Information (Tables)	Mar. 31, 2020
Cash and Cash Equivalents [Abstract]
Schedule of cash flow, supplemental information	Supplemental cash flow information for Hudson Pacific Properties, Inc. is included as follows: Three Months Ended March 31, 2020 2019 Cash paid for interest, net of capitalized interest $ 38,126 $ 13,543 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ (142,919) $ (813) Supplemental cash flow information for Hudson Pacific Properties, L.P. is included as follows: Three Months Ended March 31, 2020 2019 Cash paid for interest, net of capitalized interest $ 38,126 $ 13,543 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ (142,919) $ (813)
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 for Hudson Pacific Properties, Inc: Three Months Ended March 31, 2020 2019 BEGINNING OF PERIOD Cash and cash equivalents $ 46,224 $ 53,740 Restricted cash 12,034 14,451 TOTAL $ 58,258 $ 68,191 END OF PERIOD Cash and cash equivalents $ 392,136 $ 52,445 Restricted cash 11,982 13,626 TOTAL $ 404,118 $ 66,071 The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented for Hudson Pacific Properties, L.P.: Three Months Ended March 31, 2020 2019 BEGINNING OF PERIOD Cash and cash equivalents $ 46,224 $ 53,740 Restricted cash 12,034 14,451 TOTAL $ 58,258 $ 68,191 END OF PERIOD Cash and cash equivalents $ 392,136 $ 52,445 Restricted cash 11,982 13,626 TOTAL $ 404,118 $ 66,071
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 for Hudson Pacific Properties, Inc: Three Months Ended March 31, 2020 2019 BEGINNING OF PERIOD Cash and cash equivalents $ 46,224 $ 53,740 Restricted cash 12,034 14,451 TOTAL $ 58,258 $ 68,191 END OF PERIOD Cash and cash equivalents $ 392,136 $ 52,445 Restricted cash 11,982 13,626 TOTAL $ 404,118 $ 66,071 The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented for Hudson Pacific Properties, L.P.: Three Months Ended March 31, 2020 2019 BEGINNING OF PERIOD Cash and cash equivalents $ 46,224 $ 53,740 Restricted cash 12,034 14,451 TOTAL $ 58,258 $ 68,191 END OF PERIOD Cash and cash equivalents $ 392,136 $ 52,445 Restricted cash 11,982 13,626 TOTAL $ 404,118 $ 66,071

Organization (Details)

Organization (Details)	Mar. 31, 2020ft²property
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	62
Area of real estate property (in square feet) \| ft²	18,757,303
Joint Venture, Blackstone Property Partners
Real Estate Properties [Line Items]
Ownership interest	20.00%
Consolidated portfolio
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	60
Area of real estate property (in square feet) \| ft²	16,830,161
Consolidated portfolio \| Office
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	51
Area of real estate property (in square feet) \| ft²	13,374,382
Consolidated portfolio \| Studios
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	3
Area of real estate property (in square feet) \| ft²	1,224,403
Consolidated portfolio \| Land
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	6
Area of real estate property (in square feet) \| ft²	2,231,376
Unconsolidated portfolio
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	2
Area of real estate property (in square feet) \| ft²	1,927,142
Unconsolidated portfolio \| Office
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	1
Area of real estate property (in square feet) \| ft²	1,477,142
Unconsolidated portfolio \| Land
Real Estate Properties [Line Items]
Number of real estate properties (in properties) \| property	1
Area of real estate property (in square feet) \| ft²	450,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)jointVenture	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Variable Interest Entity [Line Items]
Weighted average incremental borrowing rate	5.70%
Weighted average remaining lease term	32 years
Ancillary revenues
Variable Interest Entity [Line Items]
Revenues	$ 5,799	$ 8,116
Receivables	1,128		$ 1,652
Other revenues
Variable Interest Entity [Line Items]
Revenues	5,955	6,407
Receivables	1,970		2,417
Studio-related tenant recoveries
Variable Interest Entity [Line Items]
Revenues	445	$ 275
Receivables	$ 8		$ 26
Joint Venture, Blackstone Property Partners
Variable Interest Entity [Line Items]
Ownership interest	20.00%
VIE, Primary Beneficiary
Variable Interest Entity [Line Items]
Number of joint ventures meeting VIE definition \| jointVenture	5
Number of joint ventures consolidated \| jointVenture	4
VIE, Primary Beneficiary \| 1455 Market
Variable Interest Entity [Line Items]
VIE, ownership Interest	55.00%
VIE, Primary Beneficiary \| Hill7
Variable Interest Entity [Line Items]
VIE, ownership Interest	55.00%
VIE, Primary Beneficiary \| One Westside and 10850 Pico
Variable Interest Entity [Line Items]
VIE, ownership Interest	75.00%
VIE, Primary Beneficiary \| Ferry Building Property
Variable Interest Entity [Line Items]
VIE, ownership Interest	55.00%
VIE, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Number of joint ventures not consolidated \| jointVenture	1

Investment in Real Estate (Deta

Investment in Real Estate (Details) - USD ($)	3 Months Ended
Investment in Real Estate (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Real Estate [Abstract]
Land	$ 1,313,412,000		$ 1,313,412,000
Building and improvements	5,227,848,000		5,189,342,000
Tenant improvements	641,568,000		631,459,000
Furniture and fixtures	11,133,000		10,693,000
Property under development	153,102,000		124,222,000
Investment in real estate, at cost	7,347,063,000		$ 7,269,128,000
Impairment loss	$ 0	$ 52,201,000

Investment in Unconsolidated _3

Investment in Unconsolidated Real Estate Entity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Investment in real estate, net	$ 758,013	$ 794,321
Other assets	24,299	51,597
TOTAL ASSETS	782,312	845,918
LIABILITIES
Secured debt, net	443,650	480,127
Other liabilities	41,487	42,672
TOTAL LIABILITIES	485,137	522,799
Company's capital	59,435	64,624
Partner’s capital	237,740	258,495
TOTAL CAPITAL	297,175	323,119
TOTAL LIABILITIES AND CAPITAL	782,312	$ 845,918
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
TOTAL REVENUES	25,795
TOTAL EXPENSES	26,949
NET LOSS	$ (1,154)
Joint Venture, Blackstone Property Partners
Schedule of Equity Method Investments [Line Items]
Ownership interest	20.00%
Joint Venture, Blackstone Property Partners \| Financial guarantee
Schedule of Equity Method Investments [Line Items]
Maximum exposure for guarantee	$ 89,600

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, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles, net	$ 275,610	$ 285,448
Below and above market ground leases, net	28,744	31,493
Below-market leases
Finite-Lived Intangible Assets [Line Items]
Below and above market ground leases	78,996	87,064
Below and above market ground leases, accumulated amortization	(51,117)	(56,447)
Below and above market ground leases, net	27,879	30,617
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	(230)	(219)
Below and above market ground leases, net	865	876
Deferred leasing costs and in-place lease intangibles
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles	336,376	359,215
Accumulated amortization	(123,023)	(136,816)
Deferred leasing costs and lease intangibles, net	213,353	222,399
Below-market ground leases
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles	72,916	72,916
Accumulated amortization	(12,034)	(11,436)
Deferred leasing costs and lease intangibles, net	60,882	61,480
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Deferred leasing costs and lease intangibles	4,559	8,015
Accumulated amortization	(3,184)	(6,446)
Deferred leasing costs and lease intangibles, net	$ 1,375	$ 1,569

Deferred Leasing Costs and Le_4

Deferred Leasing Costs and Lease Intangibles, net - Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	$ 2,544	$ 4,179
Below-market leases
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	2,738	4,489
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	(10,735)	(11,882)
Below-market ground leases
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	(599)	(626)
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Amortization of above- and below-market leases, net	$ (194)	$ (310)

Receivables (Details)

Receivables (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Accounts receivable	$ 12,900,000	$ 13,000,000
Accounts receivable, allowance for doubtful accounts	0	0
Straight-line rent receivables, gross	213,000,000	195,300,000
Straight-line rent receivable, allowance for doubtful accounts	$ 4,000,000	$ 0

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets, net (Details) - USD ($)	3 Months Ended
Prepaid Expenses and Other Assets, net (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Derivative assets	$ 0		$ 479,000
Goodwill	8,754,000		8,754,000
Non-real estate investments	7,618,000		5,545,000
Deposits for future acquisitions	20,500,000		22,405,000
Deferred financing costs	2,927,000		3,246,000
Prepaid insurance	107,000		3,463,000
Prepaid property tax	1,035,000		2,070,000
Other	27,160,000		23,012,000
Prepaid expenses and other assets, net	68,101,000		68,974,000
Investment Holdings [Line Items]
Unrealized gain (loss) on non-real estate investment	(581,000)	$ 0
Entity that does not report NAV
Investment Holdings [Line Items]
Cumulative unrealized gains	928,000
Unrealized gain (loss) on non-real estate investment	0	$ 0
Real Estate Technology Venture Capital Fund
Investment Holdings [Line Items]
Commitment of funding	20,000,000
Contributions to date	$ 5,500,000
Remaining to be contributed			$ 14,500,000

Debt - Summary of Outstanding I

Debt - Summary of Outstanding Indebtedness (Details)	Oct. 03, 2019USD ($)	Jun. 14, 2019USD ($)	Feb. 27, 2019USD ($)	Mar. 31, 2020USD ($)derivativeinstrumentextensionOption	Dec. 31, 2019USD ($)derivative	Mar. 13, 2018USD ($)
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]
VIE, ownership Interest				75.00%
Hill7
Debt Instrument [Line Items]
Ownership interest				55.00%
Interest Rate Swap \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of derivative instruments held \| derivative				4	4
Term Loan B \| Interest Rate Swap \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of derivative instruments held \| instrument				2
Term Loan B \| Minimum \| Interest Rate Swap \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Adjusted interest rate				2.96%
Term Loan B \| Maximum \| Interest Rate Swap \| Designated as Hedging Instrument
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 \| Minimum \| Interest Rate Swap \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Adjusted interest rate				2.63%
Term Loan D \| Maximum \| Interest Rate Swap \| Designated as Hedging Instrument
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 \| Minimum \| Interest Rate Swap \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Adjusted interest rate				3.71%
Met Park North \| Maximum \| Interest Rate Swap \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Adjusted interest rate				3.71%
10950 Washington
Debt Instrument [Line Items]
Service payment term (in years)				30 years
Unsecured and secured debt, net
Debt Instrument [Line Items]
Debt				$ 3,260,352,000	$ 2,845,459,000
Unamortized deferred financing costs and loan discounts/premium				(26,259,000)	(27,549,000)
TOTAL UNSECURED AND SECURED DEBT, NET				3,234,093,000	2,817,910,000
Unsecured debt
Debt Instrument [Line Items]
Debt				2,890,000,000	2,475,000,000
Unsecured debt \| Term Loan B
Debt Instrument [Line Items]
Debt				$ 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 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]
Debt				$ 125,000,000	125,000,000
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]
Debt				$ 110,000,000	110,000,000
Interest rate				4.34%
Unsecured debt \| Series B Notes
Debt Instrument [Line Items]
Debt				$ 259,000,000	259,000,000
Interest rate				4.69%
Unsecured debt \| Series C Notes
Debt Instrument [Line Items]
Debt				$ 56,000,000	56,000,000
Interest rate				4.79%
Unsecured debt \| Series D Notes
Debt Instrument [Line Items]
Debt				$ 150,000,000	150,000,000
Interest rate				3.98%
Unsecured debt \| Series E Notes
Debt Instrument [Line Items]
Debt				$ 50,000,000	50,000,000
Interest rate				3.66%
Unsecured debt \| 3.95% Registered Senior Notes
Debt Instrument [Line Items]
Debt				$ 400,000,000	400,000,000
Interest rate				3.95%
Unsecured debt \| 4.65% Registered Senior Notes
Debt Instrument [Line Items]
Debt		$ 150,000,000	$ 350,000,000	$ 500,000,000	500,000,000
Interest rate				4.65%
Percentage of par at debt issuance		104.544%	98.663%
Unsecured debt \| 3.25% Registered Senior Notes
Debt Instrument [Line Items]
Debt	$ 400,000,000			$ 400,000,000	400,000,000
Interest rate				3.25%
Percentage of par at debt issuance	99.268%
Unsecured debt \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt				$ 490,000,000	75,000,000
Total borrowing capacity				$ 600,000,000	600,000,000	$ 400,000,000
Debt instrument, term (in years)				1 year
Unsecured debt \| Revolving Credit Facility \| Revolving Credit Facility \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.05%
Unsecured debt \| Revolving Credit Facility \| Revolving Credit Facility \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				1.50%
Secured debt
Debt Instrument [Line Items]
Debt				$ 370,352,000	370,459,000
Secured debt \| Met Park North
Debt Instrument [Line Items]
Debt				$ 64,500,000	64,500,000
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]
Debt				$ 26,165,000	26,312,000
Interest rate				5.32%
Secured debt \| One Westside and 10850 Pico
Debt Instrument [Line Items]
Debt				$ 5,686,000	5,646,000
Total borrowing capacity				$ 414,600,000
Secured debt \| One Westside and 10850 Pico \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate				1.70%
Secured debt \| Revolving Sunset Bronson Studios/ICON/CUE facility
Debt Instrument [Line Items]
Debt				$ 5,001,000	5,001,000
Total borrowing capacity				$ 235,000,000
Secured debt \| Revolving Sunset Bronson Studios/ICON/CUE facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate				1.35%
Secured debt \| Element LA
Debt Instrument [Line Items]
Debt				$ 168,000,000	168,000,000
Interest rate				4.59%
Secured debt \| Hill7
Debt Instrument [Line Items]
Debt				$ 101,000,000	101,000,000
Interest rate				3.38%
In-substance defeased debt
Debt Instrument [Line Items]
Debt				$ 134,205,000	135,030,000
TOTAL UNSECURED AND SECURED DEBT, NET				$ 134,205,000	135,030,000
Interest rate				4.47%
Service payment term (in years)				10 years
Joint venture partner debt
Debt Instrument [Line Items]
Debt				$ 66,136,000	66,136,000
TOTAL UNSECURED AND SECURED DEBT, NET				$ 66,136,000	$ 66,136,000
Interest rate				4.50%
Number of extension options \| extensionOption				2
Extension term				2 years

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Oct. 03, 2019	Feb. 27, 2019	Mar. 13, 2018	Mar. 31, 2020	Dec. 31, 2019
Unsecured debt \| 5-Year Term Loan due April 2020
Debt Instrument [Line Items]
Repayments of debt	$ 300,000,000
Unsecured debt \| Term Loan C
Debt Instrument [Line Items]
Repayments of debt		$ 75,000,000
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 \| 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 C
Debt Instrument [Line Items]
Face amount			75,000,000
Unsecured debt \| Hudson Pacific Partners L.P. \| Term Loan D
Debt Instrument [Line Items]
Total borrowing capacity			125,000,000
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. \| 3.25% Registered Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.25%
Revolving Credit Facility
Debt Instrument [Line Items]
Increase in borrowings, net of draws				$ 415,000,000
Revolving Credit Facility \| Unsecured debt
Debt Instrument [Line Items]
Total borrowing capacity			400,000,000	$ 600,000,000	$ 600,000,000
Debt instrument, term (in years)				1 year
Revolving Credit Facility \| Unsecured debt \| Hudson Pacific Partners L.P.
Debt Instrument [Line Items]
Total borrowing capacity			$ 600,000,000

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Unsecured and secured debt, net
Debt Instrument [Line Items]
Remaining 2020	$ 64,947
2021	632
2022	990,085
2023	165,686
2024	5,001
Thereafter	2,034,001
Total	3,260,352	$ 2,845,459
In-substance defeased debt
Debt Instrument [Line Items]
Remaining 2020	2,498
2021	3,494
2022	128,213
2023	0
2024	0
Thereafter	0
Total	134,205	135,030
Joint venture partner debt
Debt Instrument [Line Items]
Remaining 2020	0
2021	0
2022	0
2023	0
2024	0
Thereafter	66,136
Total	$ 66,136	$ 66,136

Debt - Unsecured Revolving Cred

Debt - Unsecured Revolving Credit Facility (Details) - Unsecured debt	3 Months Ended
	Mar. 31, 2020USD ($)extensionOption	Dec. 31, 2019USD ($)	Mar. 13, 2018USD ($)
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 2,890,000,000	$ 2,475,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Outstanding borrowings	490,000,000	75,000,000
Remaining borrowing capacity	110,000,000	525,000,000
TOTAL BORROWING CAPACITY	$ 600,000,000	$ 600,000,000	$ 400,000,000
Number of extension options \| extensionOption	1
Extension period	1 year
Revolving Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Annual facility fee rate	0.15%
Revolving Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Annual facility fee rate	0.30%

Debt - Covenant Summaries (Deta

Debt - Covenant Summaries (Details)	3 Months Ended
Debt - Covenant Summaries (Details)	Mar. 31, 2020
Unsecured debt \| Registered Senior Notes
Debt Instrument [Line Items]
Debt to total assets	60.00%
Debt to total assets, actual	43.10%
Total unencumbered assets to unsecured debt	150.00%
Total unencumbered assets to unsecured debt, actual	214.10%
Consolidated income available for debt service to annual debt service charge	1.5
Consolidated income available for debt service to annual debt service charge, actual	3.9
Secured debt to total assets	40.00%
Secured debt to total assets, actual	5.90%
Unsecured debt \| 3.25% Registered Senior Notes
Debt Instrument [Line Items]
Interest rate	3.25%
Unsecured debt \| 3.95% Registered Senior Notes
Debt Instrument [Line Items]
Interest rate	3.95%
Unsecured debt \| 4.65% Registered Senior Notes
Debt Instrument [Line Items]
Interest rate	4.65%
Hudson Pacific Partners L.P.
Debt Instrument [Line Items]
Total liabilities to total asset value	60.00%
Total liabilities to total asset value, actual	36.20%
Unsecured indebtedness to unencumbered asset value	60.00%
Unsecured indebtedness to unencumbered asset value, actual	44.20%
Adjusted EBITDA to fixed charges	1.5
Adjusted EBITDA to fixed charges, actual	3.5
Secured indebtedness to total asset value	45.00%
Secured indebtedness to total asset value, actual	5.30%
Unencumbered NOI to unsecured interest expense	2
Unencumbered NOI to unsecured interest expense, actual	3.3

Debt - Interest Expense (Detail

Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
Debt - Interest Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Debt Disclosure [Abstract]
Gross interest expense	$ 30,287	$ 27,465
Capitalized interest	(5,115)	(4,706)
Amortization of deferred financing costs and loan discounts/premiums	1,245	1,591
Interest Expense	$ 26,417	$ 24,350

Derivatives (Details)

Derivatives (Details)	3 Months Ended
Derivatives (Details)	Mar. 31, 2020USD ($)derivativeinstrument	Dec. 31, 2019USD ($)derivative
Derivative
Gain (loss) to be reclassified in next 12 months	$ (6,700,000)
Met Park North
Derivative
Strike Rate Range	3.71%
Designated as Hedging Instrument \| Interest Rate Swap
Derivative
Number of derivative instruments held \| derivative	4	4
Notional Amount	$ 539,500,000	$ 539,500,000
Fair Value (Liabilities) Assets	$ (13,515,000)	(1,312,000)
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 (Liabilities) Assets	$ (350,000)	(195,000)
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 B
Derivative
Number of derivative instruments held \| instrument	2
Notional Amount	$ 350,000,000
Fair Value (Liabilities) Assets	$ (9,774,000)	(1,596,000)
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 (Liabilities) Assets	$ (3,391,000)	$ 479,000
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 ($)	Mar. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Gross unrealized gains	$ 7,900,000
Gross unrealized losses	0
Carrying Value
Due in 1 year	4,945,000
Due in 1 to 5 years	134,530,000
U.S Government securities	139,475,000	$ 140,700,000
Fair Value
Due in 1 year	5,028,000
Due in 1 to 5 years	142,389,000
U.S. Government securities	$ 147,417,000

Future Minimum Rents and Leas_2

Future Minimum Rents and Lease Payments - Future Minimum Base Rents Receivable (Details) $ in Thousands	Mar. 31, 2020USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
Remaining 2020	$ 446,934
2021	584,672
2022	548,503
2023	510,695
2024	440,803
Thereafter	1,842,648
TOTAL	4,374,255
Non-Cancellable
Operating Leases, Future Minimum Payments Receivable [Abstract]
Remaining 2020	438,692
2021	557,376
2022	509,360
2023	469,228
2024	419,819
Thereafter	1,689,436
TOTAL	4,083,911
Subject to Early Termination Options
Operating Leases, Future Minimum Payments Receivable [Abstract]
Remaining 2020	8,242
2021	27,296
2022	39,143
2023	41,467
2024	20,984
Thereafter	153,212
TOTAL	$ 290,344

Future Minimum Rents and Leas_3

Future Minimum Rents and Lease Payments - Ground Lease Terms for Properties Held (Details) - Ground Lease	3 Months Ended
	Mar. 31, 2020USD ($)extensionOption
3400 Hillview
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of land fair market value	10.00%
Minimum annual rent calculation, cumulative increases in consumer price index \| $	$ 1,000,000
Minimum annual rent calculation, percent of consumer price index over the next 5 years	75.00%
Minimum annual rent calculation, percent of consumer price index, thereafter	75.00%
Minimum annual rent calculation, percent of adjusted gross income	24.125%
Clocktower Square
Operating Leased Assets [Line Items]
Minimum annual rent adjustments, frequency	10 years
Minimum annual rent calculation, percent of adjusted gross income	25.00%
Minimum rent adjustments, percent of average annual participation rent over five years	60.00%
Del Amo
Operating Leased Assets [Line Items]
Minimum annual rent \| $	$ 1
Ferry Building
Operating Leased Assets [Line Items]
Minimum annual rent adjustments, frequency	5 years
Cumulative change in CPI, floor, percent	10.00%
Cumulative change in CPI, cap, percent	20.00%
Ferry Building, Parking Lot
Operating Leased Assets [Line Items]
Cumulative change in CPI, floor, percent	2.00%
Cumulative change in CPI, cap, percent	4.00%
Renewal term	10 years
Foothill Research Center
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of land fair market value	10.00%
Minimum annual rent calculation, percent of adjusted gross income	24.125%
Minimum annual rent calculation, percent of consumer price index	75.00%
3176 Porter
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of land fair market value	10.00%
Minimum annual rent calculation, percent of adjusted gross income	24.125%
Minimum annual rent calculation, percent of consumer price index	75.00%
Metro Center
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of land fair market value	7.233%
Minimum annual rent adjustments, frequency	10 years
Renewal term	11 years
Number of options to extend \| extensionOption	4
Page Mill Center
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of adjusted gross income	25.00%
Minimum rent adjustments, percent of average annual participation rent over five years	60.00%
Page Mill Hill
Operating Leased Assets [Line Items]
Minimum annual rent adjustments, frequency	10 years
Minimum annual rent calculation, percent of annual rent, previous 7 years	60.00%
Minimum annual rent adjustments, percent of annual rent, previous 7 years	60.00%
Palo Alto Square
Operating Leased Assets [Line Items]
Minimum annual rent adjustments, frequency	10 years
Minimum annual rent calculation, percent of adjusted gross income	25.00%
Minimum annual rent adjustments, percent of annual rent, previous 5 years	50.00%
Sunset Gower Studios
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of land fair market value	7.50%
Minimum annual rent adjustments, frequency	7 years
Techmart
Operating Leased Assets [Line Items]
Minimum annual rent adjustments, frequency	5 years
Renewal term	10 years
Number of options to extend \| extensionOption	2
Minimum rent adjustments, percent	10.00%

Future Minimum Rents and Leas_4

Future Minimum Rents and Lease Payments - Rental Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Contingent rental expense	$ 2,157	$ 2,514
Minimum rental expense	$ 4,991	$ 4,603

Future Minimum Rents and Leas_5

Future Minimum Rents and Lease Payments - Future Minimum Payments Due (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Remaining 2020	$ 13,876
2021	18,622
2022	18,663
2023	18,438
2024	18,392
Thereafter	534,353
Total ground lease payments	622,344
Less: interest portion	(349,923)
PRESENT VALUE OF LEASE LIABILITY	$ 272,421	$ 272,701

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	$ 0	$ 479
Derivative liabilities	(13,515)	(1,791)
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments	139,475	140,749
Carrying Value \| Unsecured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	2,890,000	2,475,000
Carrying Value \| Secured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	370,352	370,459
Carrying Value \| In-substance defeased debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	134,205	135,030
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
Non-real estate investments	147,417	144,589
Fair Value \| Unsecured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	2,829,991	2,540,606
Fair Value \| Secured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	366,535	366,476
Fair Value \| In-substance defeased debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	147,417	134,936
Fair Value \| Joint venture partner debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	69,029	68,557
Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments	7,618	5,545
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	0	0
Derivative liabilities	0	0
Level 1 \| Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	0	479
Derivative liabilities	(13,515)	(1,791)
Level 2 \| Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments	7,618	5,545
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	0	0
Derivative liabilities	0	0
Level 3 \| Non-Real Estate Investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments	$ 0	$ 0

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
Stock-Based Compensation (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock compensation		$ 4,895	$ 5,150
Capitalized stock compensation		985	29
Total stock compensation		$ 5,880	$ 5,179
Existing and Newly Elected Board Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
OPP Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Award performance period	3 years
Award vesting percentage after initial performance period	50.00%
Award vesting rights	50.00%
Award mandatory holding period		2 years
PSU Plan 2020 \| Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award performance period		3 years
PSU Plan 2020 \| Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
Award performance period		1 year

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Basic net income (loss) available to common stockholders	$ 10,777	$ (39,392)
Effect of dilutive instruments	108	0
Diluted net income (loss) available to common stockholders	$ 10,885	$ (39,392)
Denominator:
Basic weighted average common shares outstanding (in shares)	154,432,602	154,396,159
Effect of dilutive instruments (in shares)	3,677,310	0
Diluted weighted average common shares outstanding (in shares)	158,109,912	154,396,159
Basic earnings (loss) per common share (in dollars per share)	$ 0.07	$ (0.26)
Diluted earnings (loss) per common share (in dollars per share)	$ 0.07	$ (0.26)
Hudson Pacific Partners L.P.
Numerator:
Basic net income (loss) available to common stockholders	$ 10,840	$ (39,577)
Diluted net income (loss) available to common stockholders	$ 10,840	$ (39,577)
Denominator:
Basic weighted average common units outstanding (in shares)	155,344,460	155,120,144
Effect of dilutive instruments (in shares)	2,156,773	0
Diluted weighted average common units outstanding (in shares)	157,501,233	155,120,144
Basic earnings (loss) per common unit (in dollars per share)	$ 0.07	$ (0.26)
Diluted earnings (loss) per common unit (in dollars per share)	$ 0.07	$ (0.26)

Redeemable Non-Controlling In_3

Redeemable Non-Controlling Interest (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Temporary Equity [Line Items]
Distribution rate of preferred stock	6.25%
Consolidated Entities
Increase (Decrease) in Temporary Equity [Roll Forward]
Redeemable noncontrolling interest, balance	$ 125,260
Contributions	2,456
Declared dividend	0
Net income (loss)	(633)
Redeemable noncontrolling interest, balance	$ 127,083
VIE, Primary Beneficiary \| HPP-MAC WSP, LLC
Temporary Equity [Line Items]
VIE, ownership Interest	75.00%
VIE, Primary Beneficiary \| Ferry Building
Temporary Equity [Line Items]
VIE, ownership Interest	55.00%
Preferred Class A
Temporary Equity [Line Items]
Preferred A shares outstanding (in shares)	392,598	392,598
Series A Redeemable Preferred Units
Temporary Equity [Line Items]
Redeemable non-controlling interest, liquidation preference (in dollars per share)	$ 25
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 - Comprehensive Income (

Equity - Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 3,709,362	$ 3,830,130
Total other comprehensive loss	(17,414)	(7,864)
Ending Balance	3,629,754	3,740,244
Interest expense	26,417	24,350
Hudson Pacific Partners L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	3,709,362	3,830,130
Total other comprehensive loss	(17,414)	(7,864)
Ending balance	3,629,754	3,740,244
Interest expense	26,417	24,350
Hudson Pacific Partners L.P. \| Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(613)	17,565
Unrealized losses recognized in OCI	(17,277)
Reclassification adjustment for realized gains	(137)
Total other comprehensive loss	(17,414)	(7,864)
Ending balance	(18,027)	9,701
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(561)	17,501
Unrealized losses recognized in OCI	(17,107)
Reclassification adjustment for realized gains	(136)
Total other comprehensive loss	(17,243)	(7,827)
Ending Balance	(17,804)	$ 9,674
Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(2,391)
Unrealized losses recognized in OCI	(12,157)
Reclassification adjustment for realized gains	(136)
Total other comprehensive loss	(12,293)
Ending Balance	(14,684)
Derivative Instruments \| Reclassification out of Accumulated Other Comprehensive Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Interest expense	26,400
Derivative Instruments \| Hudson Pacific Partners L.P. \| Reclassification out of Accumulated Other Comprehensive Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Interest expense	26,400
Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	1,830
Unrealized losses recognized in OCI	(4,950)
Reclassification adjustment for realized gains	0
Total other comprehensive loss	(4,950)
Ending Balance	$ (3,120)

Equity - Non-controlling Intere

Equity - Non-controlling Interests (Details)	3 Months Ended
Equity - Non-controlling Interests (Details)	Mar. 31, 2020shares	Dec. 31, 2019shares
Class of Stock [Line Items]
Common stock/units, outstanding (in shares)	153,295,905	154,691,052
Hudson Pacific Partners L.P.
Class of Stock [Line Items]
Company's ownership interest percentage	99.40%	99.40%
Noncontrolling Interest in Operating Partnership
Class of Stock [Line Items]
Non-controlling units in the operating partnership (in shares)	911,858	991,858
Non-controlling ownership interest percentage	0.60%	0.60%
Non-controlling common units in the operating partnership - common units (in shares)	550,969	550,969
Non-controlling common units in the operating partnership - preferred units (in shares)	360,889	360,889
Performance units
Class of Stock [Line Items]
Conversion ratio	1
Partnership Interest \| Hudson Pacific Partners L.P.
Class of Stock [Line Items]
Common stock/units, outstanding (in shares)	153,295,905	154,691,052

Equity - Dividends (Details)

Equity - Dividends (Details) - $ / shares	3 Months Ended
Equity - Dividends (Details) - $ / shares	Mar. 31, 2020	Mar. 31, 2019
Class of Stock [Line Items]
Common stock, dividends (in dollars per share)	$ 0.25	$ 0.25
Common units, dividends (in dollars per share)	0.25	0.25
Performance units, dividends (in dollars per share)	0.25	0.25
Series A preferred units
Class of Stock [Line Items]
Preferred units, dividends (in dollars per share)	$ 0.3906	$ 0.3906

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)	3 Months Ended
Equity - Additional Information (Details) - USD ($)	Mar. 31, 2020	Mar. 08, 2018
Class of Stock [Line Items]
Stock repurchase program, amount authorized		$ 250,000,000
Repurchase of common stock	$ (35,351,000)
Stock repurchase program, repurchase of common stock, cumulative	85,400,000
At-the-Market
Class of Stock [Line Items]
Maximum sales authorized	125,000,000
Cumulative total sold	$ 20,100,000

Segment Reporting (Details)

Segment Reporting (Details)	3 Months Ended
Segment Reporting (Details)	Mar. 31, 2020USD ($)property	Mar. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| property	2
Segment Reporting Information [Line Items]
Revenues	$ 206,227,000	$ 197,389,000
Operating expenses	(74,510,000)	(71,924,000)
Total segment profit	131,717,000	125,465,000
Net income (loss)	13,949,000	(36,895,000)
General and administrative	18,618,000	18,094,000
Depreciation and amortization	73,763,000	68,505,000
Loss from unconsolidated real estate entity	236,000	0
Fee income	(610,000)	0
Interest expense	26,417,000	24,350,000
Interest income	(1,025,000)	(1,024,000)
Transaction-related expenses	102,000	128,000
Unrealized loss on non-real estate investment	581,000	0
Impairment loss	0	52,201,000
Other (income) expense	(314,000)	106,000
Office Segment
Segment Reporting Information [Line Items]
Revenues	186,427,000	175,858,000
Operating expenses	(63,860,000)	(60,815,000)
Total segment profit	122,567,000	115,043,000
Studio Segment
Segment Reporting Information [Line Items]
Revenues	19,800,000	21,531,000
Operating expenses	(10,650,000)	(11,109,000)
Total segment profit	$ 9,150,000	$ 10,422,000

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Mar. 31, 2020USD ($)
Unsecured debt \| Revolving Credit Facility
Loss Contingencies
Letters of credit, amount outstanding	$ 3.4

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized interest	$ 38,126	$ 13,543
Non-cash investing and financing activities
Accounts payable and accrued liabilities for real estate investments	(142,919)	(813)
Cash and cash equivalents	392,136	52,445	$ 46,224	$ 53,740
Restricted cash	11,982	13,626	12,034	14,451
TOTAL	404,118	66,071	58,258	68,191
Hudson Pacific Partners L.P.
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized interest	38,126	13,543
Non-cash investing and financing activities
Accounts payable and accrued liabilities for real estate investments	(142,919)	(813)
Cash and cash equivalents	392,136	52,445	46,224	53,740
Restricted cash	11,982	13,626	12,034	14,451
TOTAL	$ 404,118	$ 66,071	$ 58,258	$ 68,191

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ in Millions	May 01, 2020USD ($)
Subsequent Event [Line Items]
Rent deferral due to COVID-19 pandemic	$ 2.2
Rent abatement due to COVID-19 pandemic	0.4
Rent not received, remains in discussion for payment or deferral	$ 1.3

Uncategorized Items - hpp-20200

Label	Element	Value
Hudson Pacific Partners L.P. [Member] \| Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	$ (4,999,000)
Other Comprehensive Income (Loss), Net of Tax	us-gaap_OtherComprehensiveIncomeLossNetOfTax	(4,999,000)
Partners' Capital, Including Portion Attributable to Noncontrolling Interest	us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	1,845,000
Partners' Capital, Including Portion Attributable to Noncontrolling Interest	us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	(3,154,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	0
Hudson Pacific Partners L.P. [Member] \| Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	(12,278,000)
Other Comprehensive Income (Loss), Net of Tax	us-gaap_OtherComprehensiveIncomeLossNetOfTax	(12,415,000)
Partners' Capital, Including Portion Attributable to Noncontrolling Interest	us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	(2,458,000)
Partners' Capital, Including Portion Attributable to Noncontrolling Interest	us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	(14,873,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	137,000
Accounting Standards Update 2016-02 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,105,000)