Hudson Pacific Properties (HPP) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 09, 2024
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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
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		141,232,361
Entity Central Index Key	0001482512
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock, $0.01 par value
Entity Information
Title of each class	Common Stock, $0.01 par value
Trading Symbol(s)	HPP
Name of each exchange on which registered	NYSE
4.750% Series C Cumulative Redeemable Preferred Stock
Entity Information
Title of each class	4.750% Series C Cumulative Redeemable Preferred Stock
Trading Symbol(s)	HPP Pr C
Name of each exchange on which registered	NYSE
Hudson Pacific Partners L.P.
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
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	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Investment in real estate, at cost	$ 8,394,504	$ 8,212,896
Accumulated depreciation and amortization	(1,776,693)	(1,728,437)
Investment in real estate, net	6,617,811	6,484,459
Non-real estate property, plant and equipment, net	120,761	118,783
Cash and cash equivalents	78,458	100,391
Restricted cash	21,482	18,765
Accounts receivable, net	18,251	24,609
Straight-line rent receivables, net	217,543	220,787
Deferred leasing costs and intangible assets, net	329,310	326,950
Operating lease right-of-use assets	363,843	376,306
Prepaid expenses and other assets, net	109,049	94,145
Investment in unconsolidated real estate entities	212,130	252,711
Goodwill	264,144	264,144
TOTAL ASSETS	8,352,782	8,282,050
Liabilities
Accounts payable, accrued liabilities and other	228,036	203,736
Operating lease liabilities	378,785	389,210
Intangible liabilities, net	24,997	27,751
Security deposits, prepaid rent and other	83,940	88,734
Total liabilities	4,896,019	4,720,881
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	51,140	57,182
Hudson Pacific Properties, Inc. stockholders' equity:
Common stock, $0.01 par value, 481,600,000 authorized, 141,232,361 and 141,034,806 shares outstanding at June 30, 2024 and December 31, 2023, respectively	1,403	1,403
Additional paid-in capital	2,700,907	2,651,798
Accumulated other comprehensive income (loss)	2,824	(187)
Total Hudson Pacific Properties, Inc. stockholders’ equity	3,130,134	3,078,014
Total equity	3,395,808	3,494,172
TOTAL LIABILITIES AND EQUITY	8,352,782	8,282,050
Non-controlling interest—members in consolidated real estate entities
Hudson Pacific Properties, Inc. stockholders' equity:
Non-controlling interest	176,346	335,439
Non-controlling interest—units in the operating partnership
Hudson Pacific Properties, Inc. stockholders' equity:
Non-controlling interest	89,328	80,719
4.750% Series C Cumulative Redeemable Preferred Stock
Hudson Pacific Properties, Inc. stockholders' equity:
4.750% Series C cumulative redeemable preferred stock, $0.01 par value, $25.00 per share liquidation preference, 18,400,000 authorized, 17,000,000 shares outstanding at June 30, 2024 and December 31, 2023	425,000	425,000
Unsecured and secured debt, net
Liabilities
Debt, net	4,114,125	3,945,314
Joint venture partner debt
Liabilities
Debt, net	$ 66,136	$ 66,136

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	481,600,000	481,600,000
Common stock, outstanding (in shares)	141,232,361	141,034,806
4.750% Series C Cumulative Redeemable Preferred Stock
Interest rate of preferred stock (as a percent)	4.75%	4.75%
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Liquidation preference (in dollars per share)	$ 25	$ 25
Preferred stock, authorized (in shares)	18,400,000	18,400,000
Preferred stock, outstanding (in shares)	17,000,000	17,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUES
Revenues	$ 218,000	$ 245,168	$ 432,023	$ 497,431
OPERATING EXPENSES
Operating expenses	113,256	111,446	223,312	222,744
General and administrative	20,705	18,941	40,415	37,665
Depreciation and amortization	86,798	98,935	178,652	196,074
Total operating expenses	220,759	229,322	442,379	456,483
OTHER INCOME (EXPENSES)
Loss from unconsolidated real estate entities	(2,481)	(715)	(3,224)	(1,460)
Fee income	1,371	2,284	2,496	4,686
Interest expense	(44,159)	(54,648)	(88,248)	(108,455)
Interest income	579	236	1,433	607
Management services reimbursement income—unconsolidated real estate entities	1,042	1,059	2,198	2,123
Management services expense—unconsolidated real estate entities	(1,042)	(1,059)	(2,198)	(2,123)
Transaction-related expenses	113	2,530	(2,037)	1,344
Unrealized loss on non-real estate investments	(1,045)	(843)	(1,943)	(4)
Gain on extinguishment of debt	0	10,000	0	10,000
Gain on sale of real estate	0	0	0	7,046
Other income	1,334	138	1,477	135
Total other expenses	(44,288)	(41,018)	(90,046)	(86,101)
Loss before income tax provision	(47,047)	(25,172)	(100,402)	(45,153)
Income tax provision	(510)	(6,302)	(510)	(1,140)
Net loss	(47,557)	(31,474)	(100,912)	(46,293)
Net income attributable to participating securities	(207)	(297)	(409)	(850)
Net loss (income) attributable to non-controlling interest in consolidated real estate entities	3,751	(346)	7,920	(1,377)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities	961	508	2,118	1,402
Net loss attributable to common units in the operating partnership	1,225	646	2,454	928
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (47,027)	$ (36,163)	$ (99,229)	$ (56,590)
BASIC AND DILUTED PER SHARE AMOUNTS
Net loss attributable to common stockholders—basic (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)
Net loss attributable to common stockholders—diluted (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)
Weighted average shares of common stock outstanding—basic (in shares)	141,181,450	140,909,747	141,151,893	140,967,066
Weighted average shares of common stock outstanding—diluted (in shares)	141,181,450	140,909,747	141,151,893	140,967,066
Series A preferred units
OTHER INCOME (EXPENSES)
Net income attributable to preferred shares	$ (153)	$ (153)	$ (306)	$ (306)
Series C preferred stock
OTHER INCOME (EXPENSES)
Net income attributable to preferred shares	(5,047)	(5,047)	(10,094)	(10,094)
Office
REVENUES
Rental revenues	172,596	203,486	344,023	406,143
Service and other revenues	3,443	3,805	7,091	7,781
Revenues	176,039	207,291	351,114	413,924
OPERATING EXPENSES
Operating expenses	75,304	76,767	148,251	150,821
Studio
REVENUES
Rental revenues	14,441	16,374	28,041	32,627
Service and other revenues	27,520	21,503	52,868	50,880
Revenues	41,961	37,877	80,909	83,507
OPERATING EXPENSES
Operating expenses	$ 37,952	$ 34,679	$ 75,061	$ 71,923

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net loss	$ (47,557)	$ (31,474)	$ (100,912)	$ (46,293)
Currency translation adjustments	(695)	3,760	(3,380)	5,774
Net unrealized gains on derivative instruments:
Unrealized gains	3,441	12,312	12,211	13,033
Reclassification adjustment for realized gains	(2,867)	(962)	(5,414)	(248)
Total net unrealized gains on derivative instruments	574	11,350	6,797	12,785
Total other comprehensive (loss) income	(121)	15,110	3,417	18,559
Comprehensive loss	(47,678)	(16,364)	(97,495)	(27,734)
Comprehensive income attributable to participating securities	(207)	(297)	(409)	(850)
Comprehensive loss (income) attributable to non-controlling interest in consolidated real estate entities	3,642	(482)	7,656	(1,748)
Comprehensive loss attributable to redeemable non-controlling interest in consolidated real estate entities	961	508	2,118	1,402
Comprehensive loss attributable to non-controlling interest in the operating partnership	1,246	232	2,312	425
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(47,236)	(21,603)	(96,218)	(38,905)
Series A preferred units
Net unrealized gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	(153)	(153)	(306)	(306)
Series C preferred stock
Net unrealized gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	$ (5,047)	$ (5,047)	$ (10,094)	$ (10,094)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Series C Cumulative Redeemable Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest - Members in Consolidated Real Estate Entities	Non-controlling Interest - Real Estate Entities
Beginning balance at Dec. 31, 2022	$ 3,749,831	$ 425,000	$ 1,409	$ 2,889,967	$ 0	$ (11,272)	$ 66,971	$ 377,756
Beginning balance (in shares) at Dec. 31, 2022			141,054,478
Increase (Decrease) in Stockholders' Equity
Contributions	14,205							14,205
Distributions	(38,439)							(38,439)
Issuance of unrestricted stock (in shares)			82,861
Shares withheld to satisfy tax withholding obligations (in shares)			(12,237)
Shares withheld to satisfy tax withholding obligations	(87)			(87)
Shares repurchased (in shares)			(187,400)
Shares repurchased	(1,369)		$ (6)	(1,363)
Declared dividend	(65,054)	(10,094)		(108,959)	55,738		(1,739)
Amortization of stock-based compensation	12,901			4,300			8,601
Net income (loss)	(45,195)	10,094			(55,738)		(928)	1,377
Other comprehensive (loss) income	18,559					17,685	503	371
Ending balance at Jun. 30, 2023	3,645,352	425,000	$ 1,403	2,783,858	0	6,413	73,408	355,270
Ending balance (in shares) at Jun. 30, 2023			140,937,702
Beginning balance at Mar. 31, 2023	3,698,882	425,000	$ 1,403	2,835,061	0	(8,147)	69,605	375,960
Beginning balance (in shares) at Mar. 31, 2023			140,888,769
Increase (Decrease) in Stockholders' Equity
Contributions	7,708							7,708
Distributions	(28,880)							(28,880)
Issuance of unrestricted stock (in shares)			48,933
Declared dividend	(23,342)	(5,047)		(53,591)	35,866		(570)
Amortization of stock-based compensation	6,993			2,388			4,605
Net income (loss)	(31,119)	5,047			(35,866)		(646)	346
Other comprehensive (loss) income	15,110					14,560	414	136
Ending balance at Jun. 30, 2023	3,645,352	425,000	$ 1,403	2,783,858	0	6,413	73,408	355,270
Ending balance (in shares) at Jun. 30, 2023			140,937,702
Beginning balance at Dec. 31, 2023	$ 3,494,172	425,000	$ 1,403	2,651,798	0	(187)	80,719	335,439
Beginning balance (in shares) at Dec. 31, 2023	141,034,806		141,034,806
Increase (Decrease) in Stockholders' Equity
Contributions	$ 13,185							13,185
Distributions	(18,697)							(18,697)
Effect of consolidation of previously unconsolidated real estate entity	55,593							55,593
Purchase of non-controlling interest	(40,937)			160,581				(201,518)
Transaction costs	(79)			(79)
Issuance of unrestricted stock (in shares)			263,014
Issuance of unrestricted stock			$ 1	(1)
Shares withheld to satisfy tax withholding obligations (in shares)			(72,157)
Shares withheld to satisfy tax withholding obligations	(495)		$ (1)	(494)
Declared dividend	(25,471)	(10,094)		(113,158)	98,820		(1,039)
Amortization of stock-based compensation	14,220			2,127			12,093
Net income (loss)	(99,100)	10,094			(98,820)		(2,454)	(7,920)
Other comprehensive (loss) income	3,417					3,011	142	264
Redemption of common units in operating partnership (in shares)			6,698
Redemption of common units in operating partnership	0			133			(133)
Ending balance at Jun. 30, 2024	$ 3,395,808	425,000	$ 1,403	2,700,907	0	2,824	89,328	176,346
Ending balance (in shares) at Jun. 30, 2024	141,232,361		141,232,361
Beginning balance at Mar. 31, 2024	$ 3,388,564	425,000	$ 1,403	2,753,640	0	3,033	84,962	120,526
Beginning balance (in shares) at Mar. 31, 2024			141,144,592
Increase (Decrease) in Stockholders' Equity
Contributions	8,481							8,481
Distributions	(4,612)							(4,612)
Effect of consolidation of previously unconsolidated real estate entity	55,593							55,593
Transaction costs	(79)			(79)
Issuance of unrestricted stock (in shares)			87,769
Issuance of unrestricted stock	0
Declared dividend	(12,555)	(5,047)		(53,938)	46,820		(390)
Amortization of stock-based compensation	7,286			1,284			6,002
Net income (loss)	(46,749)	5,047			(46,820)		(1,225)	(3,751)
Other comprehensive (loss) income	(121)					(209)	(21)	109
Ending balance at Jun. 30, 2024	$ 3,395,808	$ 425,000	$ 1,403	$ 2,700,907	$ 0	$ 2,824	$ 89,328	$ 176,346
Ending balance (in shares) at Jun. 30, 2024	141,232,361		141,232,361

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (100,912)	$ (46,293)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	178,652	196,074
Non-cash interest expense	3,909	14,905
Amortization of stock-based compensation	13,485	11,547
Loss from unconsolidated real estate entities	3,224	1,460
Unrealized loss on non-real estate investments	1,943	4
Straight-line rents	3,244	(14,111)
Straight-line rent expenses	2,038	2,509
Amortization of above- and below-market leases, net	(2,703)	(3,239)
Amortization of above- and below-market ground leases, net	1,324	1,377
Amortization of lease incentive costs	500	603
Earnout liability fair value adjustment	0	(3,017)
Gain on sale of real estate	0	(7,046)
Deferred tax provision	471	916
Change in operating assets and liabilities:
Accounts receivable	6,364	(1,989)
Deferred leasing costs and lease intangibles	(11,196)	(9,619)
Prepaid expenses and other assets	(12,226)	(23,474)
Accounts payable, accrued liabilities and other	17,427	22,993
Security deposits, prepaid rent and other	(4,794)	8,083
Net cash provided by operating activities	100,750	151,683
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of real estate	0	100,441
Additions to investment in real estate	(88,069)	(155,948)
Cash acquired from consolidation of previously unconsolidated real estate entity	8,814	0
Contributions to non-real estate investments	(919)	(3,339)
Proceeds from sales of non-real estate investments	0	503
Distributions from unconsolidated real estate entities	0	1,895
Contributions to unconsolidated real estate entities	(30,492)	(35,313)
Additions to non-real estate property, plant and equipment	(10,364)	(1,650)
Net cash used in investing activities	(121,030)	(93,411)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	112,341	263,356
Payments of unsecured and secured debt	(30,000)	(384,000)
Settlement of earnout liability	(5,000)	0
Transaction costs	(79)	0
Repurchases of common stock	0	(1,369)
Dividends paid to common stock and unitholders	(15,377)	(54,960)
Dividends paid to preferred stock and unitholders	(10,400)	(10,400)
Distributions to redeemable non-controlling members in consolidated real estate entities	(3,924)	(4,506)
Contributions from non-controlling members in consolidated real estate entities	13,185	14,205
Purchase of non-controlling interest	(40,937)	0
Distributions to non-controlling members in consolidated real estate entities	(18,697)	(38,439)
Payments to satisfy tax withholding obligations	(48)	(87)
Net cash provided by (used in) financing activities	1,064	(216,200)
Net decrease in cash and cash equivalents and restricted cash	(19,216)	(157,928)
Cash and cash equivalents and restricted cash—beginning of period	119,156	285,731
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	$ 99,940	$ 127,803

CONSOLIDATED BALANCE SHEETS L.P

CONSOLIDATED BALANCE SHEETS L.P. - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Investment in real estate, at cost	$ 8,394,504	$ 8,212,896
Accumulated depreciation and amortization	(1,776,693)	(1,728,437)
Investment in real estate, net	6,617,811	6,484,459
Non-real estate property, plant and equipment, net	120,761	118,783
Cash and cash equivalents	78,458	100,391
Restricted cash	21,482	18,765
Accounts receivable, net	18,251	24,609
Straight-line rent receivables, net	217,543	220,787
Deferred leasing costs and intangible assets, net	329,310	326,950
Operating lease right-of-use assets	363,843	376,306
Prepaid expenses and other assets, net	109,049	94,145
Investment in unconsolidated real estate entities	212,130	252,711
Goodwill	264,144	264,144
TOTAL ASSETS	8,352,782	8,282,050
Liabilities
Accounts payable, accrued liabilities and other	228,036	203,736
Operating lease liabilities	378,785	389,210
Intangible liabilities, net	24,997	27,751
Security deposits, prepaid rent and other	83,940	88,734
Total liabilities	4,896,019	4,720,881
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	51,140	57,182
Hudson Pacific Properties, L.P. partners’ capital
Accumulated other comprehensive income (loss)	2,824	(187)
TOTAL LIABILITIES AND EQUITY	8,352,782	8,282,050
Unsecured and secured debt, net
Liabilities
Debt, net	4,114,125	3,945,314
Joint venture partner debt
Liabilities
Debt, net	66,136	66,136
Hudson Pacific Partners L.P.
ASSETS
Investment in real estate, at cost	8,394,504	8,212,896
Accumulated depreciation and amortization	(1,776,693)	(1,728,437)
Investment in real estate, net	6,617,811	6,484,459
Non-real estate property, plant and equipment, net	120,761	118,783
Cash and cash equivalents	78,458	100,391
Restricted cash	21,482	18,765
Accounts receivable, net	18,251	24,609
Straight-line rent receivables, net	217,543	220,787
Deferred leasing costs and intangible assets, net	329,310	326,950
Operating lease right-of-use assets	363,843	376,306
Prepaid expenses and other assets, net	109,049	94,145
Investment in unconsolidated real estate entities	212,130	252,711
Goodwill	264,144	264,144
TOTAL ASSETS	8,352,782	8,282,050
Liabilities
Accounts payable, accrued liabilities and other	228,036	203,736
Operating lease liabilities	378,785	389,210
Intangible liabilities, net	24,997	27,751
Security deposits, prepaid rent and other	83,940	88,734
Total liabilities	4,896,019	4,720,881
Commitments and contingencies (note 20)
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	51,140	57,182
Hudson Pacific Properties, L.P. partners’ capital
Common units, 144,910,188 and 143,845,239 outstanding at June 30, 2024 and December 31, 2023, respectively	2,791,371	2,733,795
Accumulated other comprehensive income (loss)	3,091	(62)
Total Hudson Pacific Properties, L.P. partners’ capital	3,219,462	3,158,733
Non-controlling interest—members in consolidated real estate entities	176,346	335,439
Total capital	3,395,808	3,494,172
TOTAL LIABILITIES AND EQUITY	8,352,782	8,282,050
Hudson Pacific Partners L.P. | Unsecured and secured debt, net
Liabilities
Debt, net	4,114,125	3,945,314
Hudson Pacific Partners L.P. | Joint venture partner debt
Liabilities
Debt, net	66,136	66,136
Hudson Pacific Partners L.P. | 4.750% Series C Cumulative Redeemable Preferred Stock
Hudson Pacific Properties, L.P. partners’ capital
4.750% Series C cumulative redeemable preferred units, $25.00 per unit liquidation preference, 17,000,000 units outstanding at June 30, 2024 and December 31, 2023	$ 425,000	$ 425,000

CONSOLIDATED BALANCE SHEETS L_2

CONSOLIDATED BALANCE SHEETS L.P. (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Common Stock:
Common units, outstanding (in shares)	141,232,361	141,034,806
4.750% Series C Cumulative Redeemable Preferred Stock
Common Stock:
Interest rate of preferred stock (as a percent)	4.75%	4.75%
Liquidation preference (in dollars per share)	$ 25	$ 25
Preferred stock, outstanding (in shares)	17,000,000	17,000,000
Hudson Pacific Partners L.P.
Common Stock:
Common units, outstanding (in shares)	144,910,188	143,845,239
Hudson Pacific Partners L.P. | 4.750% Series C Cumulative Redeemable Preferred Stock
Common Stock:
Interest rate of preferred stock (as a percent)	4.75%	4.75%
Liquidation preference (in dollars per share)	$ 25	$ 25
Preferred stock, outstanding (in shares)	17,000,000	17,000,000

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS L.P. - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUES
Revenues	$ 218,000	$ 245,168	$ 432,023	$ 497,431
OPERATING EXPENSES
Operating expenses	113,256	111,446	223,312	222,744
General and administrative	20,705	18,941	40,415	37,665
Depreciation and amortization	86,798	98,935	178,652	196,074
Total operating expenses	220,759	229,322	442,379	456,483
OTHER INCOME (EXPENSES)
Loss from unconsolidated real estate entities	(2,481)	(715)	(3,224)	(1,460)
Fee income	1,371	2,284	2,496	4,686
Interest expense	(44,159)	(54,648)	(88,248)	(108,455)
Interest income	579	236	1,433	607
Management services reimbursement income—unconsolidated real estate entities	1,042	1,059	2,198	2,123
Management services expense—unconsolidated real estate entities	(1,042)	(1,059)	(2,198)	(2,123)
Transaction-related expenses	113	2,530	(2,037)	1,344
Unrealized loss on non-real estate investments	(1,045)	(843)	(1,943)	(4)
Gain on sale of real estate	0	0	0	7,046
Gain on extinguishment of debt	0	10,000	0	10,000
Other income	1,334	138	1,477	135
Total other expenses	(44,288)	(41,018)	(90,046)	(86,101)
Loss before income tax provision	(47,047)	(25,172)	(100,402)	(45,153)
Income tax provision	(510)	(6,302)	(510)	(1,140)
Net loss	(47,557)	(31,474)	(100,912)	(46,293)
Net loss (income) attributable to non-controlling interest in consolidated real estate entities	3,751	(346)	7,920	(1,377)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities	961	508	2,118	1,402
Net income attributable to participating securities	(207)	(297)	(409)	(850)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(47,027)	(36,163)	(99,229)	(56,590)
Series A preferred units
OTHER INCOME (EXPENSES)
Net income attributable to preferred units	(153)	(153)	(306)	(306)
Series C preferred stock
OTHER INCOME (EXPENSES)
Net income attributable to preferred units	(5,047)	(5,047)	(10,094)	(10,094)
Office
REVENUES
Rental revenues	172,596	203,486	344,023	406,143
Service and other revenues	3,443	3,805	7,091	7,781
Revenues	176,039	207,291	351,114	413,924
OPERATING EXPENSES
Operating expenses	75,304	76,767	148,251	150,821
Studio
REVENUES
Rental revenues	14,441	16,374	28,041	32,627
Service and other revenues	27,520	21,503	52,868	50,880
Revenues	41,961	37,877	80,909	83,507
OPERATING EXPENSES
Operating expenses	37,952	34,679	75,061	71,923
Hudson Pacific Partners L.P.
REVENUES
Revenues	218,000	245,168	432,023	497,431
OPERATING EXPENSES
General and administrative	20,705	18,941	40,415	37,665
Depreciation and amortization	86,798	98,935	178,652	196,074
Total operating expenses	220,759	229,322	442,379	456,483
OTHER INCOME (EXPENSES)
Loss from unconsolidated real estate entities	(2,481)	(715)	(3,224)	(1,460)
Fee income	1,371	2,284	2,496	4,686
Interest expense	(44,159)	(54,648)	(88,248)	(108,455)
Interest income	579	236	1,433	607
Management services reimbursement income—unconsolidated real estate entities	1,042	1,059	2,198	2,123
Management services expense—unconsolidated real estate entities	(1,042)	(1,059)	(2,198)	(2,123)
Transaction-related expenses	113	2,530	(2,037)	1,344
Unrealized loss on non-real estate investments	(1,045)	(843)	(1,943)	(4)
Gain on sale of real estate	0	0	0	7,046
Gain on extinguishment of debt	0	10,000	0	10,000
Other income	1,334	138	1,477	135
Total other expenses	(44,288)	(41,018)	(90,046)	(86,101)
Loss before income tax provision	(47,047)	(25,172)	(100,402)	(45,153)
Income tax provision	(510)	(6,302)	(510)	(1,140)
Net loss	(47,557)	(31,474)	(100,912)	(46,293)
Net loss (income) attributable to non-controlling interest in consolidated real estate entities	3,751	(346)	7,920	(1,377)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities	961	508	2,118	1,402
Net loss attributable to Hudson Pacific Properties, L.P.	(42,845)	(31,312)	(90,874)	(46,268)
Net income attributable to participating securities	(207)	(297)	(409)	(850)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (48,252)	$ (36,809)	$ (101,683)	$ (57,518)
BASIC AND DILUTED PER UNIT AMOUNTS
Net loss attributable to common unitholders —basic (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)
Net loss attributable to common unitholders —diluted (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)
Weighted average shares of common units outstanding—basic (in shares)	144,859,277	143,428,209	144,673,725	143,379,060
Weighted average shares of common units outstanding—diluted (in shares)	144,859,277	143,428,209	144,673,725	143,379,060
Hudson Pacific Partners L.P. | Series A preferred units
OTHER INCOME (EXPENSES)
Net income attributable to preferred units	$ (153)	$ (153)	$ (306)	$ (306)
Hudson Pacific Partners L.P. | Series C preferred stock
OTHER INCOME (EXPENSES)
Net income attributable to preferred units	(5,047)	(5,047)	(10,094)	(10,094)
Hudson Pacific Partners L.P. | Office
REVENUES
Rental revenues	172,596	203,486	344,023	406,143
Service and other revenues	3,443	3,805	7,091	7,781
Revenues	176,039	207,291	351,114	413,924
OPERATING EXPENSES
Operating expenses	75,304	76,767	148,251	150,821
Hudson Pacific Partners L.P. | Studio
REVENUES
Rental revenues	14,441	16,374	28,041	32,627
Service and other revenues	27,520	21,503	52,868	50,880
Revenues	41,961	37,877	80,909	83,507
OPERATING EXPENSES
Operating expenses	$ 37,952	$ 34,679	$ 75,061	$ 71,923

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS L.P. - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net loss	$ (47,557)	$ (31,474)	$ (100,912)	$ (46,293)
Currency translation adjustments	(695)	3,760	(3,380)	5,774
Net unrealized gains on derivative instruments:
Unrealized gains	3,441	12,312	12,211	13,033
Reclassification adjustment for realized gains	(2,867)	(962)	(5,414)	(248)
Total net unrealized gains on derivative instruments	574	11,350	6,797	12,785
Total other comprehensive (loss) income	(121)	15,110	3,417	18,559
Comprehensive loss	(47,678)	(16,364)	(97,495)	(27,734)
Comprehensive income attributable to participating securities	(207)	(297)	(409)	(850)
Comprehensive loss (income) attributable to non-controlling interest in consolidated real estate entities	3,642	(482)	7,656	(1,748)
Comprehensive loss attributable to redeemable non-controlling interest in consolidated real estate entities	961	508	2,118	1,402
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(47,236)	(21,603)	(96,218)	(38,905)
Series A preferred units
Net unrealized gains on derivative instruments:
Comprehensive income attributable to preferred units	(153)	(153)	(306)	(306)
Series C preferred stock
Net unrealized gains on derivative instruments:
Comprehensive income attributable to preferred units	(5,047)	(5,047)	(10,094)	(10,094)
Hudson Pacific Partners L.P.
Net loss	(47,557)	(31,474)	(100,912)	(46,293)
Currency translation adjustments	(695)	3,760	(3,380)	5,774
Net unrealized gains on derivative instruments:
Unrealized gains	3,441	12,312	12,211	13,033
Reclassification adjustment for realized gains	(2,867)	(962)	(5,414)	(248)
Total net unrealized gains on derivative instruments	574	11,350	6,797	12,785
Total other comprehensive (loss) income	(121)	15,110	3,417	18,559
Comprehensive loss	(47,678)	(16,364)	(97,495)	(27,734)
Comprehensive income attributable to participating securities	(207)	(297)	(409)	(850)
Comprehensive loss (income) attributable to non-controlling interest in consolidated real estate entities	3,642	(482)	7,656	(1,748)
Comprehensive loss attributable to redeemable non-controlling interest in consolidated real estate entities	961	508	2,118	1,402
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(48,482)	(21,835)	(98,530)	(39,330)
Hudson Pacific Partners L.P. | Series A preferred units
Net unrealized gains on derivative instruments:
Comprehensive income attributable to preferred units	(153)	(153)	(306)	(306)
Hudson Pacific Partners L.P. | Series C preferred stock
Net unrealized gains on derivative instruments:
Comprehensive income attributable to preferred units	$ (5,047)	$ (5,047)	$ (10,094)	$ (10,094)

CONSOLIDATED STATEMENTS OF CAPI

CONSOLIDATED STATEMENTS OF CAPITAL L.P. - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Increase (Decrease) in Partners' Capital
Beginning balance (in shares)			141,034,806
Contributions	$ 8,481	$ 7,708	$ 13,185	$ 14,205
Distributions	(4,612)	(28,880)	(18,697)	(38,439)
Purchase of non-controlling interest			(40,937)
Effect of consolidation of previously unconsolidated real estate entity	55,593		55,593
Transaction costs	(79)		(79)
Repurchase of common units				1,369
Units withheld to satisfy tax withholding obligations			(495)	(87)
Declared distributions	(12,555)	(23,342)	(25,471)	(65,054)
Amortization of unit-based compensation	7,286	6,993	14,220	12,901
Net income (loss)	(46,749)	(31,119)	(99,100)	(45,195)
Other comprehensive (loss) income	$ (121)	15,110	$ 3,417	18,559
Ending balance (in shares)	141,232,361		141,232,361
Hudson Pacific Partners L.P.
Increase (Decrease) in Partners' Capital
Beginning balance	$ 3,388,564	3,698,882	$ 3,494,172	3,749,831
Beginning balance (in shares)			143,845,239
Contributions	8,481	7,708	$ 13,185	14,205
Distributions	(4,612)	(28,880)	(18,697)	(38,439)
Effect of consolidation of previously unconsolidated real estate entity	55,593		55,593
Transaction costs			(79)
Repurchase of common units				1,369
Units withheld to satisfy tax withholding obligations			(495)	(87)
Declared distributions	(12,555)	(23,342)	(25,471)	(65,054)
Amortization of unit-based compensation	7,286	6,993	14,220	12,901
Net income (loss)	(46,749)	(31,119)	(99,100)	(45,195)
Other comprehensive (loss) income	(121)	15,110	3,417	18,559
Ending balance	$ 3,395,808	3,645,352	$ 3,395,808	3,645,352
Ending balance (in shares)	144,910,188		144,910,188
Hudson Pacific Partners L.P. | Total Partners’ Capital
Increase (Decrease) in Partners' Capital
Beginning balance	$ 3,268,038	3,322,922	$ 3,158,733	3,372,075
Purchase of non-controlling interest			160,581
Transaction costs			(79)
Repurchase of common units				1,369
Units withheld to satisfy tax withholding obligations			(495)	(87)
Declared distributions	(12,555)	(23,342)	(25,471)	(65,054)
Amortization of unit-based compensation	7,286	6,993	14,220	12,901
Net income (loss)	(42,998)	(31,465)	(91,180)	(46,572)
Other comprehensive (loss) income	(230)	14,974	3,153	18,188
Ending balance	3,219,462	3,290,082	3,219,462	3,290,082
Hudson Pacific Partners L.P. | Preferred Units
Increase (Decrease) in Partners' Capital
Beginning balance	425,000	425,000	425,000	425,000
Declared distributions	(5,047)	(5,047)	(10,094)	(10,094)
Net income (loss)	5,047	5,047	10,094	10,094
Ending balance	425,000	425,000	425,000	425,000
Hudson Pacific Partners L.P. | Common units
Increase (Decrease) in Partners' Capital
Beginning balance	$ 2,839,717	$ 2,906,168	$ 2,733,795	$ 2,958,535
Beginning balance (in shares)	144,822,419	143,407,231	143,845,239	143,246,320
Purchase of non-controlling interest			$ 160,581
Transaction costs			$ (79)
Issuance of unrestricted units (in shares)	87,769	48,933	1,137,106	409,481
Repurchase of common units (in shares)				187,400
Repurchase of common units				$ 1,369
Units withheld to satisfy tax withholding obligations (in shares)			(72,157)	(12,237)
Units withheld to satisfy tax withholding obligations			$ (495)	$ (87)
Declared distributions	$ (7,508)	$ (18,295)	(15,377)	(54,960)
Amortization of unit-based compensation	7,286	6,993	14,220	12,901
Net income (loss)	(48,045)	(36,512)	(101,274)	(56,666)
Ending balance	$ 2,791,371	$ 2,858,354	$ 2,791,371	$ 2,858,354
Ending balance (in shares)	144,910,188	143,456,164	144,910,188	143,456,164
Hudson Pacific Partners L.P. | Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Partners' Capital
Beginning balance	$ 3,321	$ (8,246)	$ (62)	$ (11,460)
Other comprehensive (loss) income	(230)	14,974	3,153	18,188
Ending balance	3,091	6,728	3,091	6,728
Hudson Pacific Partners L.P. | Non-controlling Interest - Real Estate Entities
Increase (Decrease) in Partners' Capital
Beginning balance	120,526	375,960	335,439	377,756
Contributions	8,481	7,708	13,185	14,205
Distributions	(4,612)	(28,880)	(18,697)	(38,439)
Purchase of non-controlling interest			(201,518)
Effect of consolidation of previously unconsolidated real estate entity	55,593		55,593
Net income (loss)	(3,751)	346	(7,920)	1,377
Other comprehensive (loss) income	109	136	264	371
Ending balance	$ 176,346	$ 355,270	$ 176,346	$ 355,270

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS L.P. - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (100,912)	$ (46,293)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	178,652	196,074
Non-cash interest expense	3,909	14,905
Amortization of unit-based compensation	13,485	11,547
Loss from unconsolidated real estate entities	3,224	1,460
Unrealized loss on non-real estate investments	1,943	4
Straight-line rents	3,244	(14,111)
Straight-line rent expenses	2,038	2,509
Amortization of above- and below-market leases, net	(2,703)	(3,239)
Amortization of above- and below-market ground leases, net	1,324	1,377
Amortization of lease incentive costs	500	603
Earnout liability fair value adjustment	0	(3,017)
Gain on sale of real estate	0	(7,046)
Deferred tax provision	471	916
Change in operating assets and liabilities:
Accounts receivable	6,364	(1,989)
Deferred leasing costs and lease intangibles	(11,196)	(9,619)
Prepaid expenses and other assets	(12,226)	(23,474)
Accounts payable, accrued liabilities and other	17,427	22,993
Security deposits, prepaid rent and other	(4,794)	8,083
Net cash provided by operating activities	100,750	151,683
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of real estate	0	100,441
Additions to investment in real estate	(88,069)	(155,948)
Cash acquired from consolidation of previously unconsolidated real estate entity	8,814	0
Contributions to non-real estate investments	(919)	(3,339)
Proceeds from sales of non-real estate investments	0	503
Distributions from unconsolidated real estate entities	0	1,895
Contributions to unconsolidated real estate entities	(30,492)	(35,313)
Additions to non-real estate property, plant and equipment	(10,364)	(1,650)
Net cash used in investing activities	(121,030)	(93,411)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	112,341	263,356
Payments of unsecured and secured debt	(30,000)	(384,000)
Settlement of earnout liability	(5,000)	0
Transaction costs	(79)	0
Repurchases of common stock	0	(1,369)
Dividends paid to common stock and unitholders	(15,377)	(54,960)
Dividends paid to preferred stock and unitholders	(10,400)	(10,400)
Distributions to redeemable non-controlling members in consolidated real estate entities	(3,924)	(4,506)
Contributions from non-controlling members in consolidated real estate entities	13,185	14,205
Purchase of non-controlling interest	(40,937)	0
Distributions to non-controlling members in consolidated real estate entities	(18,697)	(38,439)
Payments to satisfy tax withholding obligations	(48)	(87)
Net cash provided by (used in) financing activities	1,064	(216,200)
Net decrease in cash and cash equivalents and restricted cash	(19,216)	(157,928)
Cash and cash equivalents and restricted cash—beginning of period	119,156	285,731
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	99,940	127,803
Hudson Pacific Partners L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	(100,912)	(46,293)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	178,652	196,074
Non-cash interest expense	3,909	14,905
Amortization of unit-based compensation	13,485	11,547
Loss from unconsolidated real estate entities	3,224	1,460
Unrealized loss on non-real estate investments	1,943	4
Straight-line rents	3,244	(14,111)
Straight-line rent expenses	2,038	2,509
Amortization of above- and below-market leases, net	(2,703)	(3,239)
Amortization of above- and below-market ground leases, net	1,324	1,377
Amortization of lease incentive costs	500	603
Earnout liability fair value adjustment	0	(3,017)
Gain on sale of real estate	0	(7,046)
Deferred tax provision	471	916
Change in operating assets and liabilities:
Accounts receivable	6,364	(1,989)
Deferred leasing costs and lease intangibles	(11,196)	(9,619)
Prepaid expenses and other assets	(12,226)	(23,474)
Accounts payable, accrued liabilities and other	17,427	22,993
Security deposits, prepaid rent and other	(4,794)	8,083
Net cash provided by operating activities	100,750	151,683
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of real estate	0	100,441
Additions to investment in real estate	(88,069)	(155,948)
Cash acquired from consolidation of previously unconsolidated real estate entity	8,814	0
Contributions to non-real estate investments	(919)	(3,339)
Proceeds from sales of non-real estate investments	0	503
Distributions from unconsolidated real estate entities	0	1,895
Contributions to unconsolidated real estate entities	(30,492)	(35,313)
Additions to non-real estate property, plant and equipment	(10,364)	(1,650)
Net cash used in investing activities	(121,030)	(93,411)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	112,341	263,356
Payments of unsecured and secured debt	(30,000)	(384,000)
Settlement of earnout liability	(5,000)	0
Transaction costs	(79)	0
Repurchases of common stock	0	(1,369)
Dividends paid to common stock and unitholders	(15,377)	(54,960)
Dividends paid to preferred stock and unitholders	(10,400)	(10,400)
Distributions to redeemable non-controlling members in consolidated real estate entities	(3,924)	(4,506)
Contributions from non-controlling members in consolidated real estate entities	13,185	14,205
Purchase of non-controlling interest	(40,937)	0
Distributions to non-controlling members in consolidated real estate entities	(18,697)	(38,439)
Payments to satisfy tax withholding obligations	(48)	(87)
Net cash provided by (used in) financing activities	1,064	(216,200)
Net decrease in cash and cash equivalents and restricted cash	(19,216)	(157,928)
Cash and cash equivalents and restricted cash—beginning of period	119,156	285,731
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	$ 99,940	$ 127,803

Organization

Organization	6 Months Ended
	Jun. 30, 2024
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 primarily located throughout the United States, Western Canada and Greater London, United Kingdom. The following table summarizes the Company’s portfolio as of June 30, 2024: Segments Number of Properties Square Feet (unaudited) Consolidated portfolio Office 45 13,122,217 Studio 4 1,498,706 Future development 5 1,616,242 Total consolidated portfolio 54 16,237,165 Unconsolidated portfolio (1) Office (2) 1 1,529,491 Studio (3) 1 232,000 Future development (4) 2 1,617,347 Total unconsolidated portfolio 4 3,378,838 TOTAL 58 19,616,003 __________________ 1. The Company owns 20% of the unconsolidated joint venture entity that owns the Bentall Centre property, 35% of the unconsolidated joint venture entity that owns Sunset Waltham Cross Studios and approximately 26% of the unconsolidated joint venture entity that owns the Sunset Pier 94 Studios development. The square footage shown above represents 100% of the properties. 2. Includes Bentall Centre. 3. Includes Sunset Pier 94 Studios and no longer includes Sunset Glenoaks Studios, which is included in the consolidated studio total above. Refer to Note 2 for further details regarding the change in accounting treatment for Sunset Glenoaks Studios. 4. Includes land for the Burrard Exchange and Sunset Waltham Cross Studios.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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. 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, 2024. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements in the 2023 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 June 30, 2024, the Company has determined that its operating partnership and 19 joint ventures met the definition of a VIE. 13 of these joint ventures are consolidated and six are unconsolidated. Consolidated Joint Ventures During the three months ended March 31, 2024, the Company purchased a 45% ownership interest in Hudson 1455 Market, L.P., a consolidated joint venture, from its joint venture partner for $43.5 million. Following the transaction, the Company owns 100% of the ownership interests in Hudson 1455 Market, L.P. In April 2024, the Company completed development of Sunset Glenoaks Studios and the property commenced operations. The Company updated its VIE assessment of Sun Valley Peoria, LLC, the owner of Sunset Glenoaks Studios, and concluded that it is the VIE’s primary beneficiary. Therefore, as of June 30, 2024, this investment is no longer accounted under the equity method and is now treated as a consolidated joint venture. Initial consolidation of Sun Valley Peoria, LLC was accounted for in accordance with provisions of Accounting Standards Codification (“ASC”) 805, Business Combinations (“ASC 805”). These provisions generally require that the primary beneficiary should recognize 100% of the identifiable assets acquired (except goodwill), the liabilities assumed and any noncontrolling interests, at fair value. A gain or loss is recognized for the difference between the consideration transferred and the assets and liabilities recognized. As of June 30, 2024, the operating partnership has determined that 13 of its joint ventures met the definition of a VIE and are consolidated: Entity Property Ownership Interest Hudson 1099 Stewart, L.P. Hill7 55.0 % HPP-MAC WSP, LLC None (1) 75.0 % Hudson One Ferry REIT, L.P. Ferry Building 55.0 % Sunset Bronson Entertainment Properties, LLC Sunset Bronson Studios, ICON, CUE 51.0 % Sunset Gower Entertainment Properties, LLC Sunset Gower Studios 51.0 % Sunset 1440 North Gower Street, LLC Sunset Gower Studios 51.0 % Sunset Las Palmas Entertainment Properties, LLC Sunset Las Palmas Studios, Harlow 51.0 % Sunset Services Holdings, LLC None (2) 51.0 % Sunset Studios Holdings, LLC EPIC 51.0 % Hudson Media and Entertainment Management, LLC None (3) 51.0 % Hudson 6040 Sunset, LLC 6040 Sunset 51.0 % Sun Valley Peoria, LLC Sunset Glenoaks Studios 50.0 % Hudson 1918 Eighth, L.P. 1918 Eighth 55.0 % __________________ 1. HPP-MAC WSP, LLC owned 100% of the One Westside and Westside Two properties prior to their sale in December 2023. 2. Sunset Services Holdings, LLC wholly owns Services Holdings, LLC, which owns 100% interests in Sunset Bronson Services, LLC, Sunset Gower Services, LLC and Sunset Las Palmas Services, LLC, which provide services to Sunset Bronson Entertainment Properties, LLC, Sunset Gower Entertainment Properties, LLC and Sunset Las Palmas Entertainment Properties, LLC, respectively. 3. Hudson Media and Entertainment Management, LLC manages the following properties: Sunset Gower Studios, Sunset Bronson Studios, Sunset Las Palmas Studios, 6040 Sunset, ICON, CUE, EPIC and Harlow (collectively “Hollywood Media Portfolio”), as well as Sunset Glenoaks Studios. As of June 30, 2024 and December 31, 2023, 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. The assets and credit of certain VIEs can only be used to satisfy those VIEs’ own contractual obligations, and the VIEs’ creditors have no recourse to the general credit of the Company. Unconsolidated Joint Ventures As of June 30, 2024, the Company has determined it is not the primary beneficiary of six of its joint ventures that are VIEs. Due to its significant influence over the unconsolidated entities, the Company accounts for them using the equity method of accounting. Under the equity method, the Company initially records the investment at cost and subsequently adjusts for equity in earnings or losses and cash contributions and distributions. The Company’s net equity investment in its unconsolidated joint ventures is reflected within investment in unconsolidated real estate entities on the Consolidated Balance Sheets. The Company’s share of net income or loss from the joint ventures is included within loss from unconsolidated real estate entities on the Consolidated Statements of Operations. The Company uses the cumulative earnings approach for determining cash flow presentation of distributions from unconsolidated joint ventures. Under this approach, distributions up to the amount of cumulative equity in earnings recognized are classified as cash inflows from operating activities, and those in excess of that amount are classified as cash inflows from investing activities. Refer to Note 5 for further details regarding our investments in unconsolidated joint ventures. 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 and assessing the carrying values of its real estate properties, the fair value measurement of contingent consideration, assets acquired and liabilities assumed in business combination transactions, determining the incremental borrowing rate used in the present value calculations of its new or modified operating lessee agreements, its accrued liabilities, and the valuation of 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 The Company accounts for its leases under ASC 842, Leases (“ASC 842”), which 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 leases, sound stage leases, office leases and other facility leases and are reflected in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the Consolidated Balance Sheets. For leases with a term of 12 months or less the Company makes an accounting policy election, by class of underlying asset, not to recognize ROU assets and lease liabilities. The Company recognizes lease expense for such leases generally on a straight-line basis over the lease term. 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 lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Many of the Company’s lease agreements include options to extend the lease, which the Company does not include in its minimum lease terms unless the option is reasonably certain to be exercised. 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 lease liabilities was 5.6% as of June 30, 2024. ROU assets include any lease payments made and exclude lease incentives. ROU assets acquired in connection with business combination transactions are also adjusted for above- and below- market lease terms. 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 was 22 years as of June 30, 2024. Lessor Accounting The presentation of revenues on the Consolidated Statements 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 (v) sale of real estate (vi) management fee income and (vii) management services reimbursement income. Revenue Stream Components Financial Statement Location Rental revenues Office, stage 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 power, HVAC and telecommunications (i.e., telephone and internet) and lighting, equipment and vehicle rentals Studio segment: service and other revenues Other revenues Parking revenue that is not associated with lease agreements and other Office and Studio segments: service and other revenues Sale of real estate Gains on sales derived from cash consideration less cost basis Gain on sale of real estate Management fee income Income derived from management services provided to unconsolidated joint venture entities Fee income Management services reimbursement income Reimbursement of costs incurred by the Company in the management of unconsolidated joint venture entities Management services reimbursement income—unconsolidated real estate entities 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 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 include parking stipulated in lease agreements as must-take parking rentals. These revenues are recognized over the term of the lease. Ancillary revenues, other revenues, management fee income and management services reimbursement income are 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 for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Ancillary revenues $ 26,187 $ 21,020 $ 50,387 $ 48,314 Other revenues $ 4,257 $ 3,823 $ 8,611 $ 9,341 Studio-related tenant recoveries $ 519 $ 465 $ 961 $ 1,006 Management fee income $ 1,371 $ 2,284 $ 2,496 $ 4,686 Management services reimbursement income $ 1,042 $ 1,059 $ 2,198 $ 2,123 The following table summarizes the Company’s receivables that are accounted for under ASC 606 as of: June 30, 2024 December 31, 2023 Ancillary revenues $ 5,251 $ 5,478 Other revenues $ 1,565 $ 954 In regard to sales 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. Acquisitions The Company applies the acquisition method for acquisitions that meet the definition of a business combination. Under the acquisition method, the Company estimates the fair value of the identifiable assets and liabilities of the acquired entity on the acquisition date. The difference between the fair value of the consideration transferred for the acquisition and the fair value of the net assets acquired is recorded as goodwill and acquisition-related expenses arising from the transaction are expensed as incurred. The Company includes the results of operations of the businesses that it acquires beginning on the acquisition date. The Company applies a cost accumulation and allocation model to acquisitions that meet the definition of an asset acquisition. Under this model, the purchase price is allocated based on the relative fair value of the assets acquired and liabilities assumed. Additionally, acquisition-related expenses associated with an asset acquisition are capitalized as part of the purchase price. Goodwill and Acquired Intangible Assets Goodwill is an unidentifiable intangible asset and is recognized as a residual, generally measured as the excess of consideration transferred in a business combination over the identifiable assets acquired and liabilities assumed. Goodwill is assigned to reporting units that are expected to benefit from the synergies of the business combination. The Company tests its goodwill and indefinite-lived intangible assets for impairment at least annually, or more frequently if events or changes in circumstances indicate that the asset may be impaired. Goodwill is tested for impairment at the reporting unit to which it is assigned, which can be an operating segment or one level below an operating segment. The Company has three operating segments: the management entity, Office and Studio, each of which is a reporting unit. The assessment of goodwill for impairment may initially be performed based on qualitative factors to determine if it is more likely than not that the fair value of the reporting unit is less than its carrying value, including goodwill. If so, a quantitative assessment is performed, and to the extent the carrying value of the reporting unit exceeds its fair value, impairment is recognized for the excess up to the amount of goodwill assigned to the reporting unit. Alternatively, the Company may bypass a qualitative assessment and proceed directly to a quantitative assessment. A qualitative assessment considers various factors such as macroeconomic, industry and market conditions to the extent they affect the earnings performance of the reporting unit, changes in business strategy and/or management of the reporting unit, changes in composition or mix of revenues and/or cost structure of the reporting unit, financial performance and business prospects of the reporting unit, among other factors. In a quantitative assessment, significant judgment, assumptions and estimates are applied in determining the fair value of reporting units. The Company generally uses the income approach to estimate fair value by discounting the projected net cash flows of the reporting unit, and may corroborate with market-based data where available and appropriate. Projection of future cash flows is based upon various factors, including, but not limited to, our strategic plans in regard to our business and operations, internal forecasts, terminal year residual revenue multiples, operating profit margins, pricing of similar businesses and comparable transactions where applicable, and risk-adjusted discount rates to present value future cash flows. Given the level of sensitivity in the inputs, a change in the value of any one input, in isolation or in combination, could significantly affect the overall estimation of fair value of the reporting unit. As of June 30, 2024 and December 31, 2023, the carrying value of goodwill was $264.1 million. Goodwill was not impaired as of June 30, 2024. Intangible assets with finite lives are amortized over their estimated useful lives using the straight-line method, which reflects the pattern in which the assets are consumed. The estimated useful lives for acquired intangible assets range from five Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant expenses. The amendments will require public entities to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within segment profit and loss, as well as the title and position of the CODM. The amendments are effective for the Company's annual periods beginning June 1, 2024, and interim periods beginning June 1, 2025, with early adoption permitted, and will be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning June 1, 2025, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements.

Investment in Real Estate

Investment in Real Estate	6 Months Ended
	Jun. 30, 2024
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: June 30, 2024 December 31, 2023 Land $ 1,249,014 $ 1,220,339 Building and improvements 6,189,247 5,969,364 Tenant improvements 747,809 818,653 Furniture and fixtures 6,012 8,609 Property under development 202,422 195,931 INVESTMENT IN REAL ESTATE, AT COST $ 8,394,504 $ 8,212,896 Acquisitions of Real Estate The Company had no acquisitions of real estate during the six months ended June 30, 2024. 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. The Company had no impairments of real estate during the six months ended June 30, 2024 and 2023. Dispositions of Real Estate The Company had no dispositions of real estate during the six months ended June 30, 2024. The following table summarizes information on the disposition of a property considered non-strategic to the Company’s portfolio completed during the six months ended June 30, 2023: Property Segment Date of Disposition Square Feet (unaudited) Sales Price (1) (in millions) Gain on Sale (2) (in millions) Skyway Landing Office 2/6/2023 246,997 $ 102.0 $ 7.0 __________________ 1. Represents gross sales price before certain credits, prorations and closing costs. 2. Included within gain on sale of real estate on the Consolidated Statement of Operations.

Non-Real Estate Property, Plant

Non-Real Estate Property, Plant and Equipment, net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Non-Real Estate Property, Plant and Equipment, net	Non-Real Estate Property, Plant and Equipment, net The following table summarizes the Company’s non-real estate property, plant and equipment, net as of: June 30, 2024 December 31, 2023 Trailers $ 74,327 $ 70,462 Production equipment 37,760 37,100 Trucks and other vehicles 22,056 20,044 Leasehold improvements 18,366 15,888 Other equipment 9,807 6,959 Furniture, fixtures and equipment 5,795 6,112 Non-real estate property, plant and equipment, at cost 168,111 156,565 Accumulated depreciation (47,350) (37,782) NON-REAL ESTATE PROPERTY, PLANT AND EQUIPMENT, NET $ 120,761 $ 118,783 Non-real estate property, plant and equipment is carried at cost less accumulated depreciation. The Company computes depreciation using the straight-line method over the estimated useful lives of the assets, which range from three

Investment in Unconsolidated Re

Investment in Unconsolidated Real Estate Entities	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Real Estate Entities	Investment in Unconsolidated Real Estate Entities The following table summarizes the Company’s investments in unconsolidated joint ventures: Property Property Type Submarket Ownership Interest Functional Currency Sunset Waltham Cross Studios Development Broxbourne, United Kingdom 35% Pound sterling (1) Bentall Centre Operating Property Downtown Vancouver 20% Canadian dollar (2)(3) Sunset Pier 94 Studios Development Manhattan 51% U.S dollar (3)(4) __________________ 1. The Company owns 35% of the ownership interests in each of the joint venture entities that own the Sunset Waltham Cross Studios and the joint venture entities formed to serve as the general partner and management services company for the property-owning joint venture entity. 2. The Company serves as the operating member of this joint venture. 3. The Company has guaranteed the joint ventures’ outstanding indebtedness in the amount of $93.5 million at Bentall Centre and $26 thousand at Sunset Pier 94 Studios, respectively. The likelihood of loss relating to the guarantees is remote as of June 30, 2024. 4. As of August 28, 2023, the Company owns 51% of the ownership interests in an upper-tier joint venture entity that owns 50.1% of the ownership interests in the lower-tier joint venture entity that owns the Sunset Pier 94 Studios development. The Company’s resulting economic interest in the development is 25.6%. The Company has provided various guarantees for the lower-tier joint venture’s construction loan, including a completion guarantee, recourse guarantee and guaranty of interest and carry. The likelihood of loss relating to the completion guarantee is remote as of June 30, 2024. The Company’s maximum exposure related to its unconsolidated joint ventures is limited to its investment and the guarantees provided in relation to the joint ventures’ indebtedness. The Company’s investments in foreign real estate entities are subject to foreign currency fluctuation risk. Such investments are translated into U.S. dollars at the exchange rate in effect as of the financial statement date. The Company’s share of the loss from foreign unconsolidated real estate entities is 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 (loss) as a separate component of total equity and are excluded from net loss. The Company held ownership interests in other immaterial unconsolidated joint ventures in the total of $0.3 million a nd $0.1 million as of June 30, 2024 and December 31, 2023, respectively. The table below presents the combined and condensed balance sheets for the Company’s unconsolidated joint ventures: June 30, 2024 December 31, 2023 (1) ASSETS Investment in real estate, net $ 1,106,872 $ 1,295,449 Other assets 45,395 40,790 TOTAL ASSETS $ 1,152,267 $ 1,336,239 LIABILITIES Secured debt, net $ 468,596 $ 564,949 Other liabilities 44,486 46,947 TOTAL LIABILITIES 513,082 611,896 Company’s capital (2) 188,514 225,898 Partner’s capital 450,671 498,445 TOTAL CAPITAL 639,185 724,343 TOTAL LIABILITIES AND CAPITAL $ 1,152,267 $ 1,336,239 __________________ 1. As of December 31, 2023, includes balances related to Sunset Glenoaks, which was accounted for as an equity method investment as of that date. 2. 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 i n the loss from un consolidated real estate entities line item on the Consolidated Statements of Operations. The table below presents the combined and condensed statements of operations for the Company’s unconsolidated joint ventures: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 TOTAL REVENUES $ 21,787 $ 19,271 $ 39,065 $ 37,742 TOTAL EXPENSES 31,943 22,600 53,696 44,677 NET LOSS $ (10,156) $ (3,329) $ (14,631) $ (6,935)

Deferred Leasing Costs and Inta

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net	Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net The following summarizes the Company’s deferred leasing costs and intangibles as of: June 30, 2024 December 31, 2023 Deferred leasing costs and in-place lease intangibles $ 262,697 $ 290,969 Accumulated amortization (128,575) (150,457) Deferred leasing costs and in-place lease intangibles, net 134,122 140,512 Lease incentives 18,177 — Accumulated amortization (222) — Lease incentives, net 17,955 — Below-market ground leases 77,943 77,943 Accumulated amortization (22,057) (20,733) Below-market ground leases, net 55,886 57,210 Above-market leases 636 673 Accumulated amortization (388) (376) Above-market leases, net 248 297 Customer relationships 97,900 97,900 Accumulated amortization (33,371) (26,363) Customer relationships, net 64,529 71,537 Non-competition agreements 8,200 8,200 Accumulated amortization (4,103) (3,279) Non-competition agreements, net 4,097 4,921 Trade name 37,200 37,200 Parking easement 15,273 15,273 DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET $ 329,310 $ 326,950 Below-market leases $ 49,073 $ 58,833 Accumulated amortization (24,758) (31,785) Below-market leases, net 24,315 27,048 Above-market ground leases 1,095 1,095 Accumulated amortization (413) (392) Above-market ground leases, net 682 703 INTANGIBLE LIABILITIES, NET $ 24,997 $ 27,751 The Company recognized the following amortization related to deferred leasing costs and intangibles: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Deferred leasing costs and in-place lease intangibles (1) $ (8,728) $ (9,809) $ (16,500) $ (19,057) Lease incentives (2) $ (222) $ — $ (222) $ — Below-market ground leases (3) $ (672) $ (699) $ (1,345) $ (1,398) Above-market leases (2) $ (16) $ (15) $ (29) $ (32) Customer relationships (1) $ (3,504) $ (3,504) $ (7,008) $ (7,008) Non-competition agreements (1) $ (411) $ (411) $ (823) $ (823) Below-market leases (2) $ 1,298 $ 1,634 $ 2,732 $ 3,271 Above-market ground leases (3) $ 10 $ 10 $ 21 $ 21 __________________ 1. Amortization is recorded in depreciation and amortization expenses on the Consolidated Statements of Operations. 2. Amortization is recorded in office rental revenues on the Consolidated Statements of Operations. 3.

Receivables

Receivables	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Receivables	Receivables The Company’s accounting policy and methodology used to estimate the allowance for doubtful accounts related to receivables are discussed in the Company’s 2023 Annual Report on Form 10-K. Accounts Receivable As of June 30, 2024, accounts receivable was $18.7 million and there was a $0.5 million all owance for doubtful accounts. As of December 31, 2023, accounts receivable was $25.0 million and there was a $0.4 million allowance for doubtful accounts. Straight-Line Rent Receivables As of June 30, 2024, straight-line rent receivables was $217.5 million and there was no allowance for doubtful accounts. As of December 31, 2023, straight-line rent receivables was $220.8 million and there was no allowance for doubtful accounts.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets, net	6 Months Ended
	Jun. 30, 2024
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: June 30, 2024 December 31, 2023 Non-real estate investments $ 47,557 $ 48,581 Deferred tax assets, net 1,999 2,412 Interest rate derivative assets 12,564 6,441 Deferred financing costs, net 3,240 4,316 Prepaid property tax — 2,075 Prepaid insurance 20,394 10,611 Other 23,295 19,709 PREPAID EXPENSES AND OTHER ASSETS, NET $ 109,049 $ 94,145 Non-Real Estate Investments The Company measures its investments in funds that do not have a readily determinable fair value using the Net Asset Value (“NAV”) practical expedient and uses NAV reported without adjustment unless it is aware of information indicating the NAV reported does not accurately reflect the fair value of the investment. Changes in the fair value of these non-real estate investments are included in un realized (loss) gain o n non -real estate investments on the Consolidated Statements of Operations. During the three and six months ended June 30, 2024, the Company recognized an unrealized loss of $1.0 million and $1.9 million, respectively, on its non-real estate investments due to the changes in fair value. During the three and six months ended June 30, 2023, the Company recognized an unrealized loss of $0.8 million and an unrealized gain of $16.8 thousand, respectively, on its non-real estate investments due to the changes in fair value.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The following table sets forth information with respect to the Company’s outstanding indebtedness: June 30, 2024 December 31, 2023 Interest Rate (1) Contractual Maturity Date (2) UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (3)(4) $ 272,000 $ 192,000 SOFR + 1.15% to 1.60% 12/21/2026 (5) 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 3.95% Registered senior notes 400,000 400,000 3.95% 11/1/2027 4.65% Registered senior notes 500,000 500,000 4.65% 4/1/2029 3.25% Registered senior notes 400,000 400,000 3.25% 1/15/2030 5.95% Registered senior notes (6) 350,000 350,000 5.95% 2/15/2028 Total unsecured debt 2,387,000 2,307,000 Secured debt Hollywood Media Portfolio $ 1,100,000 $ 1,100,000 SOFR + 1.10% 8/9/2026 (7) Acquired Hollywood Media Portfolio debt (30,233) (30,233) SOFR + 2.11% 8/9/2026 (7) Hollywood Media Portfolio, net (8)(9) 1,069,767 1,069,767 Element LA 168,000 168,000 4.59% 11/6/2025 1918 Eighth (10) 314,300 314,300 SOFR + 1.40% 12/18/2025 Hill7 (11) 101,000 101,000 3.38% 11/6/2028 Sunset Glenoaks Studios (12)(13) 87,201 — SOFR + 3.10% 1/9/2027 Total secured debt 1,740,268 1,653,067 Total unsecured and secured debt 4,127,268 3,960,067 Unamortized deferred financing costs/loan discounts (14) (13,143) (14,753) TOTAL UNSECURED AND SECURED DEBT, NET $ 4,114,125 $ 3,945,314 JOINT VENTURE PARTNER DEBT (15) $ 66,136 $ 66,136 4.50% 10/9/2032 (16) _________________ 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 June 30, 2024, which may be different than the interest rates as of December 31, 2023 for corresponding indebtedness. 2. Maturity dates include the effect of extension options. 3. The annual facility fee rate ranges from 0.15% or 0.30% 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 June 30, 2024, no such election had been made and the unsecured revolving credit facility bore interest at SOFR + 1.35%. 4. The Company has a total capacity of $900.0 million available under its unsecured revolving credit facility, up to $225.0 million of which can be used for borrowings in pounds sterling or Canadian dollars. Subject to the satisfaction of certain conditions and lender commitments, the operating partnership may increase the commitments held under the Fourth Amended and Restated Credit Agreement up to a total of $2.0 billion either in the form of an increase to an existing unsecured revolving credit facility or a new loan, including a term loan. 5. Includes the option to extend the initial maturity date of December 21, 2025 twice for an additional six-month term each. 6. An amount equal to the net proceeds from the 5.95% registered senior notes has been allocated to new or existing eligible green projects. 7. Includes the option to extend the initial maturity date of August 9, 2023 three times for an additional one-year term each. The first extension option was executed as of August 9, 2023. 8. The Company purchased bonds comprising the loan in the amount of $30.2 million. 9. The floating interest rate on $539.0 million of principal has been capped at 5.70% through the use of an interest rate cap. The floating interest rate on $531.2 million of principal is effectively fixed at 3.31% through the use of an interest rate swap. The floating interest rate on $180.0 million of principal is effectively fixed at 4.13% through the use of an interest rate swap. 10. This loan is interest-only through its term. The floating interest rate on $141.4 million of principal has been capped at 5.00% through the use of an interest rate cap. The floating interest rate on the remaining $172.9 million of principal has been effectively fixed at 3.75% through the use of an interest rate swap. 11. 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. 12. This loan has a total capacity of $100.6 million and an initial interest rate of SOFR + 3.10% per annum until the construction at Sunset Glenoaks Studios is complete and certain performance targets have been met, at which time the effective interest rate will decrease to SOFR + 2.50%. This loan is interest-only through its term. The maturity date includes the effect of extension options. The floating interest rate on the full principal amount has been effectively capped at 4.50% through the use of an interest rate cap. 13. Sunset Glenoaks Studios was consolidated as of June 30, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 balance is reported at $0. The Company has provided various guarantees for this loan, including a completion guarantee, equity guarantee and recourse carve-out guarantee. The Company believes likelihood of loss relating to the completion guarantee is remote as of June 30, 2024. 14. Excludes deferred financing costs related to the Company’s unsecured revolving credit facility, which are reflected in prepaid expenses and other assets, net on the Consolidated Balance Sheets. See Note 8 for details. 15. This amount relates to debt attributable to Allianz U.S. Private REIT LP (“Allianz”), the Company’s partner in the joint venture that owns the Ferry Building property. 16. Includes the option to extend the initial maturity date of October 9, 2028 twice for an additional two-year term each. Current Year Activity During the six months ended June 30, 2024, there were $80.0 million of borrowings on the unsecured revolving credit facility, net of repayments. The Company generally uses the unsecured revolving credit facility to finance the acquisition of properties and businesses, 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 future minimum principal payments due on the Company’s debt (after the impact of extension options, if applicable) as of June 30, 2024: Year Unsecured and Secured Debt Joint Venture Partner Debt Remaining 2024 $ — $ — 2025 741,300 — 2026 1,491,767 — 2027 543,201 — 2028 451,000 66,136 Thereafter 900,000 — TOTAL $ 4,127,268 $ 66,136 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 as of June 30, 2024 related to our unsecured revolving credit facility and term loans: Covenant Ratio (1) Covenant Level Actual Performance Total liabilities to total asset value ≤ 65% 48.1% Unsecured indebtedness to unencumbered asset value ≤ 65% 42.6% Adjusted EBITDA to fixed charges ≥ 1.5x 1.7x Secured indebtedness to total asset value ≤ 45% 21.0% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.4x _________________ 1. Based on the provisions of the fourth quarter 2023 amendment to the unsecured revolving credit facility, the total leverage and the unsecured leverage thresholds have been extended from 60% to 65% through December 31, 2024 (or until such time as the private placement covenant calculations are amended to reflect the recent adjustments to the credit facility covenants, if sooner). The following table summarizes existing covenants and their covenant levels as of June 30, 2024 related to our private placement notes: Covenant Ratio (1) Covenant Level Actual Performance Total liabilities to total asset value ≤ 60% 51.9% Unsecured indebtedness to unencumbered asset value ≤ 65% 52.1% Adjusted EBITDA to fixed charges ≥ 1.5x 1.7x Secured indebtedness to total asset value ≤ 45% 22.6% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.4x _________________ 1. The covenant and actual performance metrics above represent terms and definitions reflected in the indentures governing the Series B, Series C and Series D notes. 2. Based on the provisions of the fourth quarter 2023 amendment to the unsecured revolving credit facility, the total leverage and the unsecured leverage thresholds have been extended from 60% to 65% through December 31, 2024 (or until such time as the private placement covenant calculations are amended to reflect the recent adjustments to the credit facility covenants, if sooner). The following table summarizes existing covenants and their covenant levels related to the registered senior notes as of June 30, 2024: Covenant Ratio (1) Covenant Level Actual Performance Debt to total assets ≤ 60% 44.2% Total unencumbered assets to unsecured debt ≥ 150% 240.9% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 1.7x Secured debt to total assets ≤ 45% 19.2% _________________ 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, 4.65% Senior Notes and 5.95% Senior Notes. The operating partnership was in compliance with its financial covenants as of June 30, 2024. 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 and certain of its subsidiaries guarantee the operating partnership’s unsecured debt. The likelihood of loss relating to this guarantee is remote as of June 30, 2024. Interest Expense The following table represents a reconciliation from gross interest expense to the interest expense on the Consolidated Statements of Operations: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Gross interest expense (1) $ 53,077 $ 54,425 $ 103,733 $ 107,723 Capitalized interest (10,912) (7,311) (19,394) (14,173) Non-cash interest expense (2) 1,994 7,534 3,909 14,905 INTEREST EXPENSE $ 44,159 $ 54,648 $ 88,248 $ 108,455 _________________ 1. Includes interest on the Company’s debt and hedging activities. 2. Includes the amortization of deferred financing costs and fair market value adjustments for our mark-to-market interest rate derivatives.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company enters into derivatives in order to hedge interest rate risk. Derivative assets are recorded in prepaid expenses and other assets and derivative liabilities are recorded in accounts payable, accrued liabilities and other on the Consolidated Balance Sheets. 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 June 30, 2024 and December 31, 2023: Fair Value Assets (Liabilities) Underlying Debt Instrument Type of Instrument Accounting Policy Notional Amount Effective Date Maturity Interest Rate June 30, 2024 December 31, 2023 Sunset Glenoaks Studios (1) Cap Cash flow hedge $ 100,600 August 2022 January 2025 4.50% $ 359 $ — 1918 Eighth Swap Cash flow hedge $ 172,865 February 2023 October 2025 3.75% 2,216 1,075 1918 Eighth Cap Partial cash flow hedge (2) $ 314,300 June 2023 December 2025 5.00% 858 952 1918 Eighth Sold cap (3) Mark-to-market $ 172,865 June 2023 December 2025 5.00% (472) (520) Hollywood Media Portfolio Cap Partial cash flow hedge (2) $ 1,100,000 August 2023 August 2024 5.70% — 59 Hollywood Media Portfolio Sold cap (3) Mark-to-market $ 561,000 August 2023 August 2024 5.70% — (29) Hollywood Media Portfolio Swap Cash flow hedge $ 351,186 August 2023 June 2026 3.31% 7,895 4,355 Hollywood Media Portfolio Swap Cash flow hedge $ 180,000 February 2024 August 2026 4.13% 1,236 — TOTAL $ 12,092 $ 5,892 __________________ 1. Sunset Glenoaks Studios was consolidated as of June 30, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 fair value is reported at $0. 2. $141,435 and $539,000 of the notional amounts of the 1918 Eighth and Hollywood Media Portfolio caps, respectively, have been designated as effective cash flow hedges for accounting purposes. The remainder of each is accounted for under mark-to-market accounting. 3. The sold caps serve to offset the changes in fair value of the portions of the 1918 Eighth and Hollywood Media Portfolio caps that are not designated as cash flow hedges for accounting purposes. The Company reclassifies unrealized gains and losses related to cash flow hedges into earnings in the same period during which the hedged forecasted transaction affects earnings. As of June 30, 2024, the Compa ny expects $8.4 million of unrealized gain included in accumulated other comprehensive income will be reclassified as a reduction to inte rest expense in the next 12 months.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
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 that 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. 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, Ferry Building and 1918 Eighth properties, REITs) for federal income tax purposes. Accordingly, no provision has been made for federal income taxes in the accompanying consolidated financial statements for the activities of these entities. In the case of the Bentall Centre property and the Sunset Waltham Cross Studios development, the Company owns its interest in the properties through non-U.S. entities treated as TRSs for federal income tax purposes. 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. Certain activities that the Company may undertake, such as non-customary services for the Company’s tenants and holding assets that the Company cannot hold directly, will be conducted by a TRS. A TRS is subject to federal and, where applicable, state income taxes on its net income. The Company recognized an income tax provision of $0.5 million for the three and six months ended June 30, 2024. During the three and six months ended June 30, 2023, the Company recognized an income tax provision of $6.3 million and $1.1 million, respectively. Deferred tax assets and liabilities are recognized for the net tax effect of temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. A valuation allowance is recognized when it is determined that it is more likely than not that a deferred tax asset will not be realized. The following table presents the components of the deferred tax liabilities, net recognized on the Company’s Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Deferred tax assets, net (1) $ 1,999 $ 2,412 Deferred tax liabilities, net (2) (3,763) (3,705) Deferred tax liabilities, net $ (1,764) $ (1,293) Total deferred tax assets (3) $ 66,619 $ 54,163 Valuation allowance (39,984) (29,477) Total deferred tax liabilities (3) (28,399) (25,979) Deferred tax liabilities, net $ (1,764) $ (1,293) __________________ 1. Deferred tax assets, net are recorded within prepaid expenses and other assets, net on the Consolidated Balance Sheets. 2. Deferred tax liabilities, net are recorded within accounts payable, accrued liabilities and other on the Consolidated Balance Sheets. 3. Significant components of the Company’s deferred tax assets and liabilities relate to depreciation and amortization, unrealized gains and losses on non-real estate investments and net operating loss carryforwards. The Company is subject to the statutory requirements of the states in which it conducts business. 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 June 30, 2024, 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 2019. The Company has assessed its tax positions for all open years, which as of June 30, 2024 included 2020 to 2022 for federal purposes and 2019 to 2022 for state purposes, and concluded that there are no material uncertainties to be recognized.

Future Minimum Rents and Lease

Future Minimum Rents and Lease Payments	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Future Minimum Rents and Lease Payments	Future Minimum Rents and Lease Payments The Company’s properties are leased to tenants under operating leases with initial term expiration dates ranging from 2024 to 2040. 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 June 30, 2024: Year Amount Remaining 2024 $ 288,174 2025 502,770 2026 452,398 2027 397,368 2028 331,781 Thereafter 833,471 TOTAL $ 2,805,962 Operating Lease Agreements The Company is party to long-term non-cancellable operating lease agreements in which it is a lessee, consisting of 12 ground leases, 10 sound stage leases, seven office leases and 17 other leases as of June 30, 2024. The Company’s operating lease obligations have expiration dates ranging from 2024 through 2067, including extension options which the Company is reasonably certain to exercise. Certain leases provide for variable rental payments based on third-party appraisals of fair market land value, CPI adjustments or a percentage of annual gross income. There are no notable restrictions or covenants imposed by the leases, nor guarantees of residual value. As of June 30, 2024, the present value of the remaining contractual payments of $694.5 million under the Company’s operating lease agreements was $378.8 million. The corresponding operating lease right-of-use assets amounted to $363.8 million. The following table provides information regarding the Company’s future minimum lease payments for its operating leases (including the impact of the extension options which the Company is reasonably certain to exercise) as of June 30, 2024: Year Lease Payments (1) Remaining 2024 $ 20,690 2025 40,513 2026 38,937 2027 36,265 2028 34,364 Thereafter 523,743 Total operating lease payments 694,512 Less: interest portion (315,727) PRESENT VALUE OF OPERATING LEASE LIABILITIES $ 378,785 __________________ 1. Future minimum lease payments for operating leases denominated in a foreign currency are translated to U.S. dollars using the exchange rate in effect as of the financial statement date. The following table summarizes rental expense for operating leases: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Variable rental expense $ 2,754 $ 3,384 $ 4,857 $ 6,387 Minimum rental expense $ 11,313 $ 11,093 $ 22,632 $ 22,180
Future Minimum Rents and Lease Payments	Future Minimum Rents and Lease Payments The Company’s properties are leased to tenants under operating leases with initial term expiration dates ranging from 2024 to 2040. 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 June 30, 2024: Year Amount Remaining 2024 $ 288,174 2025 502,770 2026 452,398 2027 397,368 2028 331,781 Thereafter 833,471 TOTAL $ 2,805,962 Operating Lease Agreements The Company is party to long-term non-cancellable operating lease agreements in which it is a lessee, consisting of 12 ground leases, 10 sound stage leases, seven office leases and 17 other leases as of June 30, 2024. The Company’s operating lease obligations have expiration dates ranging from 2024 through 2067, including extension options which the Company is reasonably certain to exercise. Certain leases provide for variable rental payments based on third-party appraisals of fair market land value, CPI adjustments or a percentage of annual gross income. There are no notable restrictions or covenants imposed by the leases, nor guarantees of residual value. As of June 30, 2024, the present value of the remaining contractual payments of $694.5 million under the Company’s operating lease agreements was $378.8 million. The corresponding operating lease right-of-use assets amounted to $363.8 million. The following table provides information regarding the Company’s future minimum lease payments for its operating leases (including the impact of the extension options which the Company is reasonably certain to exercise) as of June 30, 2024: Year Lease Payments (1) Remaining 2024 $ 20,690 2025 40,513 2026 38,937 2027 36,265 2028 34,364 Thereafter 523,743 Total operating lease payments 694,512 Less: interest portion (315,727) PRESENT VALUE OF OPERATING LEASE LIABILITIES $ 378,785 __________________ 1. Future minimum lease payments for operating leases denominated in a foreign currency are translated to U.S. dollars using the exchange rate in effect as of the financial statement date. The following table summarizes rental expense for operating leases: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Variable rental expense $ 2,754 $ 3,384 $ 4,857 $ 6,387 Minimum rental expense $ 11,313 $ 11,093 $ 22,632 $ 22,180

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2024
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: June 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivative assets (1) $ — $ 12,564 $ — $ 12,564 $ — $ 6,441 $ — $ 6,441 Interest rate derivative liabilities (2) $ — $ (472) $ — $ (472) $ — $ (549) $ — $ (549) Non-real estate investments measured at fair value (1) $ — $ — $ — $ — $ 1 $ — $ — $ 1 Earnout liability (2) $ — $ — $ — $ — $ — $ — $ (5,000) $ (5,000) Non-real estate investments measured at NAV (1)(3) $ — $ — $ — $ 47,557 $ — $ — $ — $ 48,580 __________________ 1. Included in prepaid expenses and other assets, net on the Consolidated Balance Sheets. 2. Included in accounts payable, accrued liabilities and other on the Consolidated Balance Sheets. 3. According to the relevant accounting standards, certain investments that are measured at fair value using the NAV practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Balance Sheets. Level 1 items include an investment in the common stock of a publicly traded company, which is valued on a quarterly basis using the closing stock price. Level 2 items include interest rate caps and swaps, which are valued on a quarterly basis using a linear regression model, as well as investments in preferred stock of a publicly traded company, which are valued on a quarterly basis using the closing stock price and a Black-Scholes model, respectively. Level 3 items include the earnout liability, which is valued on a quarterly basis using a probability-weighted discounted cash flow model. Inputs to the model include the discount rate and probability-weighted earnout payments based on a Monte Carlo simulation with one million trials. Fair value measurement using unobservable inputs is inherently uncertain, and a change in significant inputs could result in different fair values. The following table summarizes changes in the carrying amount of the earnout liability during the six months ended June 30, 2024: Balance, December 31, 2023 $ (5,000) Settlement 5,000 Balance, June 30, 2024 $ — 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. The fair values of debt are estimates 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 debt as of: June 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value LIABILITIES Unsecured debt (1) $ 2,387,000 $ 1,984,335 $ 2,307,000 $ 1,971,410 Secured debt (1) $ 1,740,268 $ 1,724,525 $ 1,653,067 $ 1,634,668 Consolidated joint venture partner debt $ 66,136 $ 59,974 $ 66,136 $ 59,966 _________________ 1. Amounts represent debt excluding unamortized deferred financing costs and loan discounts/premiums.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company’s 2010 Incentive Plan permits the Company’s board of directors (the “Board”) to grant, among other things, restricted stock, restricted stock units, operating partnership performance units and performance-based awards. As of June 30, 2024, 2.0 million common shares were available for grant under the 2010 Plan. The calculation of shares available for grant is determined after taking into account unvested restricted stock, unvested operating partnership performance units and unvested RSUs, assuming the maximum bonus pool eligible ultimately is earned and based on a stock price of $4.81 . 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. Additionally, certain non-employee Board members elect to receive operating partnership performance units in lieu of their annual cash retainer fees. These awards are generally issued in the first quarter of the year subsequent to the year in which they were earned and are fully-vested upon their issuance. The Board awards time-based restricted stock units, including certain restricted stock unit grants that are settled in cash, 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 first or 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 an executive officer. Lastly, certain employees elect to receive operating partnership performance units in lieu of their annual cash bonus. These awards are generally issued in the first quarter of the year subsequent to the year in which they were earned and are fully-vested upon their issuance. For the years 2020 through 2023, the compensation committee of the Board (the “Compensation Committee”) adopted an annual Hudson Pacific Properties, Inc. Performance Stock Unit Plan (“PSU Plan”). Under the PSU Plan, the Compensation Committee awarded restricted stock units or performance units in the operating partnership to certain employees. Annual PSU Plan grants made prior to 2023 consist of two portions. A portion of each award, the Relative Total Shareholder Return (“TSR”) Performance Unit, is eligible to vest based on the achievement of the Company’s TSR compared to the TSR of the FTSE NAREIT All Equity REITs index over a three-year performance period, with the vesting percentage subject to certain percentage targets. The remaining portion of each award, the Operational Performance Unit, becomes eligible to vest based on the achievement of operational performance metrics over a one-year performance period and vests over three years. The number of Operational Performance Units that becomes eligible to vest based on the achievement of operational performance metrics may be adjusted based on the Company’s achievement of absolute TSR goals over a three-year performance period by applying the applicable vesting percentages. The 2023 PSU Plan grants contain only an Operational Performance Unit, which is eligible to vest based on the achievement of operational metrics over a one-year performance period and vests over three years. The number of Operational Performance Units that becomes eligible to vest based on the achievement of operational performance metrics may be adjusted based on the Company’s achievement of the Company’s TSR compared to the TSR of the FTSE NAREIT All Equity REITs index over a three-year performance period. Certain of the awards granted under the PSU Plan are subject to a two-year post-vesting restriction period, during which any awards earned may not be sold or transferred. For 2024, the Compensation Committee adopted an annual equity award program for its top three executive officers consisting of a grant of time-based operating partnership performance units and a grant of market-based operating partnership performance units. The time-based awards vest in equal annual installments over the applicable service vesting period, which is five years. The market-based awards vest upon the satisfaction of both performance and service-based requirements. The quantity earned is based on the achievement of stock price performance hurdles over the five-year performance period commencing on the second anniversary of the grant date. The earned awards will satisfy the service-based requirement in increments of 60%, 20% and 20% on the third, fourth and fifth anniversaries of the grant date, respectively. The awards are also subject to a two-year post-vesting restriction period, during which any awards earned may not be sold or transferred. The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Expensed stock compensation (1) $ 6,918 $ 6,311 $ 13,485 $ 11,547 Capitalized stock compensation (2) 484 682 1,089 1,354 TOTAL STOCK COMPENSATION (3) $ 7,402 $ 6,993 $ 14,574 $ 12,901 _________________ 1. Amounts are recorded in general and administrative expenses on the Consolidated Statements of Operations. 2. Amounts are recorded in investment in real estate, at cost on the Consolidated Balance Sheets. 3.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Hudson Pacific Properties, Inc. The Company calculates basic earnings per share using the two-class method by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. Unvested time-based restricted stock awards, unvested time-based performance unit awards and unvested restricted stock units (“RSUs”) that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Company calculates diluted earnings per share using the two-class method or the treasury stock and if-converted method, whichever results in more dilution. For the three and six months ended June 30, 2024 and 2023, both methods of calculation yielded the same diluted earnings per share amount. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower earnings per share amount. The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share to net loss available to common stockholders: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Basic and diluted net loss available to common stockholders $ (47,027) $ (36,163) $ (99,229) $ (56,590) Denominator: Basic weighted average common shares outstanding 141,181,450 140,909,747 141,151,893 140,967,066 Effect of dilutive instruments (1) — — — — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 141,181,450 140,909,747 141,151,893 140,967,066 Basic earnings per common share $ (0.33) $ (0.26) $ (0.70) $ (0.40) Diluted earnings per common share $ (0.33) $ (0.26) $ (0.70) $ (0.40) __________________ 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 or performance 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 using the two-class method by dividing the net income available to common unitholders for the period by the weighted average number of common units outstanding during the period. Unvested time-based restricted stock awards, unvested time-based performance unit awards and unvested RSUs that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per unit pursuant to the two-class method. The operating partnership calculates diluted earnings per unit using the two-class method or the treasury stock and if-converted method, whichever results in more dilution. For the three and six months ended June 30, 2024 and 2023, both methods of calculation yielded the same diluted earnings per unit amount. Diluted earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into common units, where such exercise or conversion would result in a lower earnings per unit amount. The following table reconciles the numerator and denominator in computing the operating partnership’s basic and diluted earnings per unit to net loss available to common unitholders: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Basic and diluted net loss available to common unitholders $ (48,252) $ (36,809) $ (101,683) $ (57,518) Denominator: Basic weighted average common units outstanding 144,859,277 143,428,209 144,673,725 143,379,060 Effect of dilutive instruments (1) — — — — DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 144,859,277 143,428,209 144,673,725 143,379,060 Basic earnings per common unit $ (0.33) $ (0.26) $ (0.70) $ (0.40) Diluted earnings per common unit $ (0.33) $ (0.26) $ (0.70) $ (0.40) __________________ 1. The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market or performance criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.

Redeemable Non-Controlling Inte

Redeemable Non-Controlling Interest	6 Months Ended
	Jun. 30, 2024
Temporary Equity Disclosure [Abstract]
Redeemable Non-Controlling Interest	Redeemable Non-controlling Interest Redeemable Preferred Units of the Operating Partnership As of June 30, 2024 and December 31, 2023, 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. The units are 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 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. Therefore, the non-controlling interest related to this joint venture is included as temporary equity. The put right is not currently redeemable. The following table reconciles the beginning and ending balances of redeemable non-controlling interests: Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Series A Redeemable Preferred Units Consolidated Real Estate Entity Series A Redeemable Preferred Units Consolidated Real Estate Entity BEGINNING OF PERIOD $ 9,815 $ 52,108 $ 9,815 $ 57,182 Distributions — (7) — (3,924) Declared dividend (153) — (306) — Net income (loss) 153 (961) 306 (2,118) END OF PERIOD $ 9,815 $ 51,140 $ 9,815 $ 51,140

Equity

Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Equity	Equity The table below presents the activity related to Hudson Pacific Properties, Inc.’s accumulated other comprehensive (loss) income (“AOCI”): Derivative Instruments Currency Translation Adjustments Total Accumulated Other Comprehensive (Loss) Income BALANCE AT DECEMBER 31, 2023 $ 3,656 $ (3,843) $ (187) Unrealized gains (losses) recognized in AOCI 11,518 (3,219) 8,299 Reclassification from AOCI into income (1) (5,288) — (5,288) Net change in AOCI 6,230 (3,219) 3,011 BALANCE AT JUNE 30, 2024 $ 9,886 $ (7,062) $ 2,824 __________________ 1. The gains and losses on the Company’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations. The table below presents the activity related to Hudson Pacific Properties, L.P.’s AOCI: Derivative Instruments Currency Translation Adjustments Total Accumulated Other Comprehensive (Loss) Income BALANCE AT DECEMBER 31, 2023 $ 3,813 $ (3,875) $ (62) Unrealized gains (losses) recognized in AOCI 12,086 (3,380) 8,706 Reclassification from AOCI into income (1) (5,553) — (5,553) Net change in AOCI 6,533 (3,380) 3,153 BALANCE AT JUNE 30, 2024 $ 10,346 $ (7,255) $ 3,091 __________________ 1. The gains and losses on the operating partnership’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations. 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 value equal to the then-current market value of one share of common stock. However, in lieu of such payment of cash, the Company 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 with the capital accounts of common unitholders. Subject to any agreed upon exceptions, once vested and having achieved parity with common unitholders, performance units are convertible into common units in the operating partnership on a one-for-one basis. Ownership Interest in the Operating Partnership The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units, as of: June 30, 2024 December 31, 2023 Company-owned common units in the operating partnership 141,232,361 141,034,806 Company’s ownership interest percentage 97.5 % 98.0 % Non-controlling common units in the operating partnership (1) 3,677,827 2,810,433 Non-controlling ownership interest percentage 2.5 % 2.0 % _________________ 1. Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of June 30, 2024, this amount represents both common units and performance units of 550,969 and 3,126,858, res pectively. As of December 31, 2023, this amount represents both common units and performance units in the amount of 550,969 and 2,259,464, respectively. Common Stock Activity The Company has not completed any common stock offerings during the six months ended June 30, 2024. The Company’s ATM program permits sales of up to $125.0 million of common stock. The Company did not utilize the ATM program during the six months ended June 30, 2024. A cumulative total of $65.8 million has been sold as of June 30, 2024. Share Repurchase Program The Company is authorized to repurchase shares of its common stock up to a total of $250.0 million under the share repurchase program. The Company did not utilize the share repurchase program during the six months ended June 30, 2024. Since commencement of the program, a cumulative total of $214.7 million has been repurchased. Share repurchases are accounted for on the trade date. The Company may make repurchases under the program at any time in its discretion, subject to market conditions, applicable legal requirements and other factors. Series C Cumulative Redeemable Preferred Stock Series C cumulative redeemable preferred stock relates to the 17,000,000 shares of our Series C preferred stock, $0.01 par value per share. Holders of Series C preferred stock, when and as authorized by the Board, are entitled to cumulative cash dividends at the rate of 4.750% per annum of the $25.00 per share, equivalent to $1.1875 per annum per share. Dividends are payable quarterly in arrears on or about the last day of December, March, June and September of each year. In addition to other preferential rights, the holders of Series C preferred stock are entitled to receive the liquidation preference, which is $25.00 per share, before the holders of common stock in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company’s affairs. Generally, shares of Series C preferred stock are not redeemable by the Company prior to November 16, 2026. However, upon the occurrence of a change of control, holders of the Series C preferred stock will have the right, (unless the Company has elected to redeem the Series C preferred stock) to convert into a specified number of shares of common stock. Dividends The Board has historically declared dividends on a quarterly basis and the Company has paid the dividends during the quarters in which the dividends were declared. Declaration of any future dividends will be determined by the Company’s Board of Directors after considering the Company’s obligations under its various financing agreements, projected taxable income, compliance with its debt covenants, long-term operating projections, expected capital requirements and the risks affecting the Company’s business. The following table summarizes dividends per share declared and paid for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Common stock $ 0.05 $ 0.125 $ 0.10 $ 0.375 Common units $ 0.05 $ 0.125 $ 0.10 $ 0.375 Series A preferred units $ 0.3906 $ 0.3906 $ 0.7812 $ 0.7812 Series C preferred stock $ 0.296875 $ 0.296875 $ 0.593750 $ 0.5937500 Performance units $ 0.05 $ 0.125 $ 0.10 $ 0.375 Payment date June 27, 2024 June 30, 2023 N/A N/A Record date June 17, 2024 June 20, 2023 N/A N/A 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	6 Months Ended
	Jun. 30, 2024
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 reportable segments: (i) office properties and related operations and (ii) studio properties and related operations. The Company evaluates performance based upon net operating income of the segment operations. General and administrative expenses and interest expense are not included in segment profit as the Company’s 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Office segment Office revenues $ 176,039 $ 207,291 $ 351,114 $ 413,924 Office expenses (75,304) (76,767) (148,251) (150,821) Office segment profit 100,735 130,524 202,863 263,103 Studio segment Studio revenues 41,961 37,877 80,909 83,507 Studio expenses (37,952) (34,679) (75,061) (71,923) Studio segment profit 4,009 3,198 5,848 11,584 TOTAL SEGMENT PROFIT $ 104,744 $ 133,722 $ 208,711 $ 274,687 Segment revenues $ 218,000 $ 245,168 $ 432,023 $ 497,431 Segment expenses (113,256) (111,446) (223,312) (222,744) TOTAL SEGMENT PROFIT $ 104,744 $ 133,722 $ 208,711 $ 274,687 The table below is a reconciliati on of net loss to total profit from all segmen ts: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 NET LOSS $ (47,557) $ (31,474) $ (100,912) $ (46,293) General and administrative 20,705 18,941 40,415 37,665 Depreciation and amortization 86,798 98,935 178,652 196,074 Loss from unconsolidated real estate entities 2,481 715 3,224 1,460 Fee income (1,371) (2,284) (2,496) (4,686) Interest expense 44,159 54,648 88,248 108,455 Interest income (579) (236) (1,433) (607) Management services reimbursement income—unconsolidated real estate entities (1,042) (1,059) (2,198) (2,123) Management services expense—unconsolidated real estate entities 1,042 1,059 2,198 2,123 Transaction-related expenses (113) (2,530) 2,037 (1,344) Unrealized loss on non-real estate investments 1,045 843 1,943 4 Gain on sale of real estate — — — (7,046) Gain on extinguishment of debt — (10,000) — (10,000) Other income (1,334) (138) (1,477) (135) Income tax provision 510 6,302 510 1,140 TOTAL PROFIT FROM ALL SEGMENTS $ 104,744 $ 133,722 $ 208,711 $ 274,687

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Employment Agreements The Company has entered into employment agreements with certain of its executive officers, effective January 1, 2020, that provide for various severance and change in control benefits and other terms and conditions of employment. Cost Reimbursements from Unconsolidated Real Estate Entities The Company is reimbursed for certain costs incurred in managing certain of its unconsolidated real estate entities. During the three and six months ended June 30, 2024, the Company recogniz ed $1.0 million and $2.2 million, respe ctively, of reimbursement income in management services reimbursement income—unconsolidated real estate entities on the Consolidated Statement of Operations. During the three and six months ended June 30, 2023, the Company recognized $1.1 million and $2.1 million, respectively, of such reimbursement income. Related Party Leases The Company’s wholly-owned subsidiary is party to long-term operating lease agreements with an unconsolidated joint venture for office space and fitness and conference facilities. As of June 30, 2024, the Company’s right-of-use assets and lease liabilities related to these lease obligations were $5.5 million and $5.7 million, respectively, as compared to right-of-use assets and lease liabilities of $6.2 million and $6.4 million, respectively, as of December 31, 2023 . During the three and six months ended June 30, 2024, the Company recognize d $0.3 million and $0.6 million, respective ly, of related rental expense in management services expense—unconsolidated real estate entities on the Consolidated Statement of Operations related to these leases. During the three and six months ended June 30, 2023, the Company recognized $0.2 million and $0.5 million, respectively, of related rental expense.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Fund Investments The Company invests in several non-real estate funds with an aggregate commitment to contribute up to $51.0 million. As of June 30, 2024, the Company has contributed $39.1 million to these funds, net of distributions, with $11.9 million remaining to be contributed. 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 June 30, 2024, 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 As of June 30, 2024, the Company had $4.3 million in outstanding letters of credit under the unsecured revolving credit facility. The letters of credit are largely related to utility company security deposit requirements. Contractual Obligations The Company has entered into a number of construction agreements related to its development activities at various properties and its obligations under executed leases. As of June 30, 2024, the Company had $124.9 million in related commitments.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2024
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Supplemental cash flow information for Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. is included as follows: Six Months Ended June 30, 2024 2023 Cash paid for interest, net of capitalized interest $ 78,981 $ 89,393 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ 95,782 $ 143,881 Ground lease remeasurements $ — $ 4,111 Redemption of common units in the operating partnership $ 133 $ — Assets recognized upon consolidation of previously unconsolidated real estate entity $ 197,968 $ — Liabilities recognized upon consolidation of previously unconsolidated real estate entity $ 86,565 $ — Derecognition of equity method investment upon consolidation of previously $ 55,593 $ — 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 and Hudson Pacific Properties, L.P.: Six Months Ended June 30, 2024 2023 BEGINNING OF PERIOD Cash and cash equivalents $ 100,391 $ 255,761 Restricted cash 18,765 29,970 TOTAL $ 119,156 $ 285,731 END OF PERIOD Cash and cash equivalents $ 78,458 $ 109,220 Restricted cash 21,482 18,583 TOTAL $ 99,940 $ 127,803

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 7, 2024, the Company entered into an interest rate cap agreement to cap SOFR at a rate of 6.0101% effective as of August 15, 2024 through August 15, 2025 on the $1.1 billion loan secured by the Hollywood Media Portfolio. On August 7, 2024, the Company sold an interest rate cap with a fixed rate of 6.0101% effective as of August 15, 2024 through August 15, 2025 on $561.0 million of indebtedness, which amount corresponds to our pro rata share of the loan secured by the Hollywood Media Portfolio. The sold cap serves to offset the effect of our pro rata share of the $1.1 billion interest rate cap on the Hollywood Media Portfolio loan.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
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. 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, 2024. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements in the 2023 Annual Report on Form 10-K of Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. and the notes thereto.
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 June 30, 2024, the Company has determined that its operating partnership and 19 joint ventures met the definition of a VIE. 13 of these joint ventures are consolidated and six are unconsolidated. As of June 30, 2024 and December 31, 2023, 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. The assets and credit of certain VIEs can only be used to satisfy those VIEs’ own contractual obligations, and the VIEs’ creditors have no recourse to the general credit of the Company. Unconsolidated Joint Ventures As of June 30, 2024, the Company has determined it is not the primary beneficiary of six of its joint ventures that are VIEs. Due to its significant influence over the unconsolidated entities, the Company accounts for them using the equity method of accounting. Under the equity method, the Company initially records the investment at cost and subsequently adjusts for equity in earnings or losses and cash contributions and distributions. The Company’s net equity investment in its unconsolidated joint ventures is reflected within investment in unconsolidated real estate entities on the Consolidated Balance Sheets. The Company’s share of net income or loss from the joint ventures is included within loss from unconsolidated real estate entities on the Consolidated Statements of Operations. The Company uses the cumulative earnings approach for determining cash flow presentation of distributions from unconsolidated joint ventures. Under this approach, distributions up to the amount of cumulative equity in earnings recognized are classified as cash inflows from operating activities, and those in excess of that amount are classified as cash inflows from investing activities. Refer to Note 5 for further details regarding our investments in unconsolidated joint ventures.
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 and assessing the carrying values of its real estate properties, the fair value measurement of contingent consideration, assets acquired and liabilities assumed in business combination transactions, determining the incremental borrowing rate used in the present value calculations of its new or modified operating lessee agreements, its accrued liabilities, and the valuation of 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 leases, sound stage leases, office leases and other facility leases and are reflected in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the Consolidated Balance Sheets. For leases with a term of 12 months or less the Company makes an accounting policy election, by class of underlying asset, not to recognize ROU assets and lease liabilities. The Company recognizes lease expense for such leases generally on a straight-line basis over the lease term. 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 lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Many of the Company’s lease agreements include options to extend the lease, which the Company does not include in its minimum lease terms unless the option is reasonably certain to be exercised. 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 lease liabilities was 5.6% as of June 30, 2024. ROU assets include any lease payments made and exclude lease incentives. ROU assets acquired in connection with business combination transactions are also adjusted for above- and
Lessor Accounting	Lessor Accounting The presentation of revenues on the Consolidated Statements 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
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 (v) sale of real estate (vi) management fee income and (vii) management services reimbursement income. Revenue Stream Components Financial Statement Location Rental revenues Office, stage 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 power, HVAC and telecommunications (i.e., telephone and internet) and lighting, equipment and vehicle rentals Studio segment: service and other revenues Other revenues Parking revenue that is not associated with lease agreements and other Office and Studio segments: service and other revenues Sale of real estate Gains on sales derived from cash consideration less cost basis Gain on sale of real estate Management fee income Income derived from management services provided to unconsolidated joint venture entities Fee income Management services reimbursement income Reimbursement of costs incurred by the Company in the management of unconsolidated joint venture entities Management services reimbursement income—unconsolidated real estate entities 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 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 include parking stipulated in lease agreements as must-take parking rentals. These revenues are recognized over the term of the lease. Ancillary revenues, In regard to sales 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.
Acquisitions	Acquisitions The Company applies the acquisition method for acquisitions that meet the definition of a business combination. Under the acquisition method, the Company estimates the fair value of the identifiable assets and liabilities of the acquired entity on the acquisition date. The difference between the fair value of the consideration transferred for the acquisition and the fair value of the net assets acquired is recorded as goodwill and acquisition-related expenses arising from the transaction are expensed as incurred. The Company includes the results of operations of the businesses that it acquires beginning on the acquisition date. The Company applies a cost accumulation and allocation model to acquisitions that meet the definition of an asset acquisition. Under this model, the purchase price is allocated based on the relative fair value of the assets acquired and liabilities assumed. Additionally, acquisition-related expenses associated with an asset acquisition are capitalized as part of the purchase price.
Goodwill and Acquired Intangible Assets	Goodwill and Acquired Intangible Assets Goodwill is an unidentifiable intangible asset and is recognized as a residual, generally measured as the excess of consideration transferred in a business combination over the identifiable assets acquired and liabilities assumed. Goodwill is assigned to reporting units that are expected to benefit from the synergies of the business combination. The Company tests its goodwill and indefinite-lived intangible assets for impairment at least annually, or more frequently if events or changes in circumstances indicate that the asset may be impaired. Goodwill is tested for impairment at the reporting unit to which it is assigned, which can be an operating segment or one level below an operating segment. The Company has three operating segments: the management entity, Office and Studio, each of which is a reporting unit. The assessment of goodwill for impairment may initially be performed based on qualitative factors to determine if it is more likely than not that the fair value of the reporting unit is less than its carrying value, including goodwill. If so, a quantitative assessment is performed, and to the extent the carrying value of the reporting unit exceeds its fair value, impairment is recognized for the excess up to the amount of goodwill assigned to the reporting unit. Alternatively, the Company may bypass a qualitative assessment and proceed directly to a quantitative assessment. A qualitative assessment considers various factors such as macroeconomic, industry and market conditions to the extent they affect the earnings performance of the reporting unit, changes in business strategy and/or management of the reporting unit, changes in composition or mix of revenues and/or cost structure of the reporting unit, financial performance and business prospects of the reporting unit, among other factors. In a quantitative assessment, significant judgment, assumptions and estimates are applied in determining the fair value of reporting units. The Company generally uses the income approach to estimate fair value by discounting the projected net cash flows of the reporting unit, and may corroborate with market-based data where available and appropriate. Projection of future cash flows is based upon various factors, including, but not limited to, our strategic plans in regard to our business and operations, internal forecasts, terminal year residual revenue multiples, operating profit margins, pricing of similar businesses and comparable transactions where applicable, and risk-adjusted discount rates to present value future cash flows. Given the level of sensitivity in the inputs, a change in the value of any one input, in isolation or in combination, could significantly affect the overall estimation of fair value of the reporting unit. As of June 30, 2024 and December 31, 2023, the carrying value of goodwill was $264.1 million. Goodwill was not impaired as of June 30, 2024. five
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant expenses. The amendments will require public entities to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within segment profit and loss, as well as the title and position of the CODM. The amendments are effective for the Company's annual periods beginning June 1, 2024, and interim periods beginning June 1, 2025, with early adoption permitted, and will be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning June 1, 2025, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements.

Organization (Tables)

Organization (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Company's Portfolio	The following table summarizes the Company’s portfolio as of June 30, 2024: Segments Number of Properties Square Feet (unaudited) Consolidated portfolio Office 45 13,122,217 Studio 4 1,498,706 Future development 5 1,616,242 Total consolidated portfolio 54 16,237,165 Unconsolidated portfolio (1) Office (2) 1 1,529,491 Studio (3) 1 232,000 Future development (4) 2 1,617,347 Total unconsolidated portfolio 4 3,378,838 TOTAL 58 19,616,003 __________________ 1. The Company owns 20% of the unconsolidated joint venture entity that owns the Bentall Centre property, 35% of the unconsolidated joint venture entity that owns Sunset Waltham Cross Studios and approximately 26% of the unconsolidated joint venture entity that owns the Sunset Pier 94 Studios development. The square footage shown above represents 100% of the properties. 2. Includes Bentall Centre. 3. Includes Sunset Pier 94 Studios and no longer includes Sunset Glenoaks Studios, which is included in the consolidated studio total above. Refer to Note 2 for further details regarding the change in accounting treatment for Sunset Glenoaks Studios. 4. Includes land for the Burrard Exchange and Sunset Waltham Cross Studios.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	As of June 30, 2024, the operating partnership has determined that 13 of its joint ventures met the definition of a VIE and are consolidated: Entity Property Ownership Interest Hudson 1099 Stewart, L.P. Hill7 55.0 % HPP-MAC WSP, LLC None (1) 75.0 % Hudson One Ferry REIT, L.P. Ferry Building 55.0 % Sunset Bronson Entertainment Properties, LLC Sunset Bronson Studios, ICON, CUE 51.0 % Sunset Gower Entertainment Properties, LLC Sunset Gower Studios 51.0 % Sunset 1440 North Gower Street, LLC Sunset Gower Studios 51.0 % Sunset Las Palmas Entertainment Properties, LLC Sunset Las Palmas Studios, Harlow 51.0 % Sunset Services Holdings, LLC None (2) 51.0 % Sunset Studios Holdings, LLC EPIC 51.0 % Hudson Media and Entertainment Management, LLC None (3) 51.0 % Hudson 6040 Sunset, LLC 6040 Sunset 51.0 % Sun Valley Peoria, LLC Sunset Glenoaks Studios 50.0 % Hudson 1918 Eighth, L.P. 1918 Eighth 55.0 % __________________ 1. HPP-MAC WSP, LLC owned 100% of the One Westside and Westside Two properties prior to their sale in December 2023. 2. Sunset Services Holdings, LLC wholly owns Services Holdings, LLC, which owns 100% interests in Sunset Bronson Services, LLC, Sunset Gower Services, LLC and Sunset Las Palmas Services, LLC, which provide services to Sunset Bronson Entertainment Properties, LLC, Sunset Gower Entertainment Properties, LLC and Sunset Las Palmas Entertainment Properties, LLC, respectively. 3. Hudson Media and Entertainment Management, LLC manages the following properties: Sunset Gower Studios, Sunset Bronson Studios, Sunset Las Palmas Studios, 6040 Sunset, ICON, CUE, EPIC and Harlow (collectively “Hollywood Media Portfolio”), as well as Sunset Glenoaks Studios. The following table summarizes the Company’s investments in unconsolidated joint ventures: Property Property Type Submarket Ownership Interest Functional Currency Sunset Waltham Cross Studios Development Broxbourne, United Kingdom 35% Pound sterling (1) Bentall Centre Operating Property Downtown Vancouver 20% Canadian dollar (2)(3) Sunset Pier 94 Studios Development Manhattan 51% U.S dollar (3)(4) __________________ 1. The Company owns 35% of the ownership interests in each of the joint venture entities that own the Sunset Waltham Cross Studios and the joint venture entities formed to serve as the general partner and management services company for the property-owning joint venture entity. 2. The Company serves as the operating member of this joint venture. 3. The Company has guaranteed the joint ventures’ outstanding indebtedness in the amount of $93.5 million at Bentall Centre and $26 thousand at Sunset Pier 94 Studios, respectively. The likelihood of loss relating to the guarantees is remote as of June 30, 2024. 4. As of August 28, 2023, the Company owns 51% of the ownership interests in an upper-tier joint venture entity that owns 50.1% of the ownership interests in the lower-tier joint venture entity that owns the Sunset Pier 94 Studios development. The Company’s resulting economic interest in the development is 25.6%. The Company has provided various guarantees for the lower-tier joint venture’s construction loan, including a completion guarantee, recourse guarantee and guaranty of interest and carry. The likelihood of loss relating to the completion guarantee is remote as of June 30, 2024.
Schedule of Revenue Streams	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 (v) sale of real estate (vi) management fee income and (vii) management services reimbursement income. Revenue Stream Components Financial Statement Location Rental revenues Office, stage 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 power, HVAC and telecommunications (i.e., telephone and internet) and lighting, equipment and vehicle rentals Studio segment: service and other revenues Other revenues Parking revenue that is not associated with lease agreements and other Office and Studio segments: service and other revenues Sale of real estate Gains on sales derived from cash consideration less cost basis Gain on sale of real estate Management fee income Income derived from management services provided to unconsolidated joint venture entities Fee income Management services reimbursement income Reimbursement of costs incurred by the Company in the management of unconsolidated joint venture entities Management services reimbursement income—unconsolidated real estate entities The following table summarizes the Company’s revenue streams that are accounted for under ASC 606 for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Ancillary revenues $ 26,187 $ 21,020 $ 50,387 $ 48,314 Other revenues $ 4,257 $ 3,823 $ 8,611 $ 9,341 Studio-related tenant recoveries $ 519 $ 465 $ 961 $ 1,006 Management fee income $ 1,371 $ 2,284 $ 2,496 $ 4,686 Management services reimbursement income $ 1,042 $ 1,059 $ 2,198 $ 2,123 The following table summarizes the Company’s receivables that are accounted for under ASC 606 as of: June 30, 2024 December 31, 2023 Ancillary revenues $ 5,251 $ 5,478 Other revenues $ 1,565 $ 954

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	6 Months Ended
	Jun. 30, 2024
Real Estate [Abstract]
Schedule of Investment in Real Estate	The following table summarizes the Company’s investment in real estate, at cost as of: June 30, 2024 December 31, 2023 Land $ 1,249,014 $ 1,220,339 Building and improvements 6,189,247 5,969,364 Tenant improvements 747,809 818,653 Furniture and fixtures 6,012 8,609 Property under development 202,422 195,931 INVESTMENT IN REAL ESTATE, AT COST $ 8,394,504 $ 8,212,896
Schedule of Dispositions of Real Estate	The following table summarizes information on the disposition of a property considered non-strategic to the Company’s portfolio completed during the six months ended June 30, 2023: Property Segment Date of Disposition Square Feet (unaudited) Sales Price (1) (in millions) Gain on Sale (2) (in millions) Skyway Landing Office 2/6/2023 246,997 $ 102.0 $ 7.0 __________________ 1. Represents gross sales price before certain credits, prorations and closing costs. 2. Included within gain on sale of real estate on the Consolidated Statement of Operations.

Non-Real Estate Property, Pla_2

Non-Real Estate Property, Plant and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment Net	The following table summarizes the Company’s non-real estate property, plant and equipment, net as of: June 30, 2024 December 31, 2023 Trailers $ 74,327 $ 70,462 Production equipment 37,760 37,100 Trucks and other vehicles 22,056 20,044 Leasehold improvements 18,366 15,888 Other equipment 9,807 6,959 Furniture, fixtures and equipment 5,795 6,112 Non-real estate property, plant and equipment, at cost 168,111 156,565 Accumulated depreciation (47,350) (37,782) NON-REAL ESTATE PROPERTY, PLANT AND EQUIPMENT, NET $ 120,761 $ 118,783

Investment in Unconsolidated _2

Investment in Unconsolidated Real Estate Entities (Tables)	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Variable Interest Entities	As of June 30, 2024, the operating partnership has determined that 13 of its joint ventures met the definition of a VIE and are consolidated: Entity Property Ownership Interest Hudson 1099 Stewart, L.P. Hill7 55.0 % HPP-MAC WSP, LLC None (1) 75.0 % Hudson One Ferry REIT, L.P. Ferry Building 55.0 % Sunset Bronson Entertainment Properties, LLC Sunset Bronson Studios, ICON, CUE 51.0 % Sunset Gower Entertainment Properties, LLC Sunset Gower Studios 51.0 % Sunset 1440 North Gower Street, LLC Sunset Gower Studios 51.0 % Sunset Las Palmas Entertainment Properties, LLC Sunset Las Palmas Studios, Harlow 51.0 % Sunset Services Holdings, LLC None (2) 51.0 % Sunset Studios Holdings, LLC EPIC 51.0 % Hudson Media and Entertainment Management, LLC None (3) 51.0 % Hudson 6040 Sunset, LLC 6040 Sunset 51.0 % Sun Valley Peoria, LLC Sunset Glenoaks Studios 50.0 % Hudson 1918 Eighth, L.P. 1918 Eighth 55.0 % __________________ 1. HPP-MAC WSP, LLC owned 100% of the One Westside and Westside Two properties prior to their sale in December 2023. 2. Sunset Services Holdings, LLC wholly owns Services Holdings, LLC, which owns 100% interests in Sunset Bronson Services, LLC, Sunset Gower Services, LLC and Sunset Las Palmas Services, LLC, which provide services to Sunset Bronson Entertainment Properties, LLC, Sunset Gower Entertainment Properties, LLC and Sunset Las Palmas Entertainment Properties, LLC, respectively. 3. Hudson Media and Entertainment Management, LLC manages the following properties: Sunset Gower Studios, Sunset Bronson Studios, Sunset Las Palmas Studios, 6040 Sunset, ICON, CUE, EPIC and Harlow (collectively “Hollywood Media Portfolio”), as well as Sunset Glenoaks Studios. The following table summarizes the Company’s investments in unconsolidated joint ventures: Property Property Type Submarket Ownership Interest Functional Currency Sunset Waltham Cross Studios Development Broxbourne, United Kingdom 35% Pound sterling (1) Bentall Centre Operating Property Downtown Vancouver 20% Canadian dollar (2)(3) Sunset Pier 94 Studios Development Manhattan 51% U.S dollar (3)(4) __________________ 1. The Company owns 35% of the ownership interests in each of the joint venture entities that own the Sunset Waltham Cross Studios and the joint venture entities formed to serve as the general partner and management services company for the property-owning joint venture entity. 2. The Company serves as the operating member of this joint venture. 3. The Company has guaranteed the joint ventures’ outstanding indebtedness in the amount of $93.5 million at Bentall Centre and $26 thousand at Sunset Pier 94 Studios, respectively. The likelihood of loss relating to the guarantees is remote as of June 30, 2024. 4. As of August 28, 2023, the Company owns 51% of the ownership interests in an upper-tier joint venture entity that owns 50.1% of the ownership interests in the lower-tier joint venture entity that owns the Sunset Pier 94 Studios development. The Company’s resulting economic interest in the development is 25.6%. The Company has provided various guarantees for the lower-tier joint venture’s construction loan, including a completion guarantee, recourse guarantee and guaranty of interest and carry. The likelihood of loss relating to the completion guarantee is remote as of June 30, 2024.
Schedule of Financial Information of Unconsolidated Real Estate Entity	The table below presents the combined and condensed balance sheets for the Company’s unconsolidated joint ventures: June 30, 2024 December 31, 2023 (1) ASSETS Investment in real estate, net $ 1,106,872 $ 1,295,449 Other assets 45,395 40,790 TOTAL ASSETS $ 1,152,267 $ 1,336,239 LIABILITIES Secured debt, net $ 468,596 $ 564,949 Other liabilities 44,486 46,947 TOTAL LIABILITIES 513,082 611,896 Company’s capital (2) 188,514 225,898 Partner’s capital 450,671 498,445 TOTAL CAPITAL 639,185 724,343 TOTAL LIABILITIES AND CAPITAL $ 1,152,267 $ 1,336,239 __________________ 1. As of December 31, 2023, includes balances related to Sunset Glenoaks, which was accounted for as an equity method investment as of that date. 2. 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 i n the loss from un consolidated real estate entities line item on the Consolidated Statements of Operations. The table below presents the combined and condensed statements of operations for the Company’s unconsolidated joint ventures: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 TOTAL REVENUES $ 21,787 $ 19,271 $ 39,065 $ 37,742 TOTAL EXPENSES 31,943 22,600 53,696 44,677 NET LOSS $ (10,156) $ (3,329) $ (14,631) $ (6,935)

Deferred Leasing Costs and In_2

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-lived Intangible Assets and Liabilities	The following summarizes the Company’s deferred leasing costs and intangibles as of: June 30, 2024 December 31, 2023 Deferred leasing costs and in-place lease intangibles $ 262,697 $ 290,969 Accumulated amortization (128,575) (150,457) Deferred leasing costs and in-place lease intangibles, net 134,122 140,512 Lease incentives 18,177 — Accumulated amortization (222) — Lease incentives, net 17,955 — Below-market ground leases 77,943 77,943 Accumulated amortization (22,057) (20,733) Below-market ground leases, net 55,886 57,210 Above-market leases 636 673 Accumulated amortization (388) (376) Above-market leases, net 248 297 Customer relationships 97,900 97,900 Accumulated amortization (33,371) (26,363) Customer relationships, net 64,529 71,537 Non-competition agreements 8,200 8,200 Accumulated amortization (4,103) (3,279) Non-competition agreements, net 4,097 4,921 Trade name 37,200 37,200 Parking easement 15,273 15,273 DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET $ 329,310 $ 326,950 Below-market leases $ 49,073 $ 58,833 Accumulated amortization (24,758) (31,785) Below-market leases, net 24,315 27,048 Above-market ground leases 1,095 1,095 Accumulated amortization (413) (392) Above-market ground leases, net 682 703 INTANGIBLE LIABILITIES, NET $ 24,997 $ 27,751
Schedule of Amortization Related to Deferred Leasing Costs and Intangibles	The Company recognized the following amortization related to deferred leasing costs and intangibles: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Deferred leasing costs and in-place lease intangibles (1) $ (8,728) $ (9,809) $ (16,500) $ (19,057) Lease incentives (2) $ (222) $ — $ (222) $ — Below-market ground leases (3) $ (672) $ (699) $ (1,345) $ (1,398) Above-market leases (2) $ (16) $ (15) $ (29) $ (32) Customer relationships (1) $ (3,504) $ (3,504) $ (7,008) $ (7,008) Non-competition agreements (1) $ (411) $ (411) $ (823) $ (823) Below-market leases (2) $ 1,298 $ 1,634 $ 2,732 $ 3,271 Above-market ground leases (3) $ 10 $ 10 $ 21 $ 21 __________________ 1. Amortization is recorded in depreciation and amortization expenses on the Consolidated Statements of Operations. 2. Amortization is recorded in office rental revenues on the Consolidated Statements of Operations. 3.

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets, net (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Assets, Net	The following table summarizes the Company’s prepaid expenses and other assets, net as of: June 30, 2024 December 31, 2023 Non-real estate investments $ 47,557 $ 48,581 Deferred tax assets, net 1,999 2,412 Interest rate derivative assets 12,564 6,441 Deferred financing costs, net 3,240 4,316 Prepaid property tax — 2,075 Prepaid insurance 20,394 10,611 Other 23,295 19,709 PREPAID EXPENSES AND OTHER ASSETS, NET $ 109,049 $ 94,145

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table sets forth information with respect to the Company’s outstanding indebtedness: June 30, 2024 December 31, 2023 Interest Rate (1) Contractual Maturity Date (2) UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (3)(4) $ 272,000 $ 192,000 SOFR + 1.15% to 1.60% 12/21/2026 (5) 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 3.95% Registered senior notes 400,000 400,000 3.95% 11/1/2027 4.65% Registered senior notes 500,000 500,000 4.65% 4/1/2029 3.25% Registered senior notes 400,000 400,000 3.25% 1/15/2030 5.95% Registered senior notes (6) 350,000 350,000 5.95% 2/15/2028 Total unsecured debt 2,387,000 2,307,000 Secured debt Hollywood Media Portfolio $ 1,100,000 $ 1,100,000 SOFR + 1.10% 8/9/2026 (7) Acquired Hollywood Media Portfolio debt (30,233) (30,233) SOFR + 2.11% 8/9/2026 (7) Hollywood Media Portfolio, net (8)(9) 1,069,767 1,069,767 Element LA 168,000 168,000 4.59% 11/6/2025 1918 Eighth (10) 314,300 314,300 SOFR + 1.40% 12/18/2025 Hill7 (11) 101,000 101,000 3.38% 11/6/2028 Sunset Glenoaks Studios (12)(13) 87,201 — SOFR + 3.10% 1/9/2027 Total secured debt 1,740,268 1,653,067 Total unsecured and secured debt 4,127,268 3,960,067 Unamortized deferred financing costs/loan discounts (14) (13,143) (14,753) TOTAL UNSECURED AND SECURED DEBT, NET $ 4,114,125 $ 3,945,314 JOINT VENTURE PARTNER DEBT (15) $ 66,136 $ 66,136 4.50% 10/9/2032 (16) _________________ 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 June 30, 2024, which may be different than the interest rates as of December 31, 2023 for corresponding indebtedness. 2. Maturity dates include the effect of extension options. 3. The annual facility fee rate ranges from 0.15% or 0.30% 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 June 30, 2024, no such election had been made and the unsecured revolving credit facility bore interest at SOFR + 1.35%. 4. The Company has a total capacity of $900.0 million available under its unsecured revolving credit facility, up to $225.0 million of which can be used for borrowings in pounds sterling or Canadian dollars. Subject to the satisfaction of certain conditions and lender commitments, the operating partnership may increase the commitments held under the Fourth Amended and Restated Credit Agreement up to a total of $2.0 billion either in the form of an increase to an existing unsecured revolving credit facility or a new loan, including a term loan. 5. Includes the option to extend the initial maturity date of December 21, 2025 twice for an additional six-month term each. 6. An amount equal to the net proceeds from the 5.95% registered senior notes has been allocated to new or existing eligible green projects. 7. Includes the option to extend the initial maturity date of August 9, 2023 three times for an additional one-year term each. The first extension option was executed as of August 9, 2023. 8. The Company purchased bonds comprising the loan in the amount of $30.2 million. 9. The floating interest rate on $539.0 million of principal has been capped at 5.70% through the use of an interest rate cap. The floating interest rate on $531.2 million of principal is effectively fixed at 3.31% through the use of an interest rate swap. The floating interest rate on $180.0 million of principal is effectively fixed at 4.13% through the use of an interest rate swap. 10. This loan is interest-only through its term. The floating interest rate on $141.4 million of principal has been capped at 5.00% through the use of an interest rate cap. The floating interest rate on the remaining $172.9 million of principal has been effectively fixed at 3.75% through the use of an interest rate swap. 11. 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. 12. This loan has a total capacity of $100.6 million and an initial interest rate of SOFR + 3.10% per annum until the construction at Sunset Glenoaks Studios is complete and certain performance targets have been met, at which time the effective interest rate will decrease to SOFR + 2.50%. This loan is interest-only through its term. The maturity date includes the effect of extension options. The floating interest rate on the full principal amount has been effectively capped at 4.50% through the use of an interest rate cap. 13. Sunset Glenoaks Studios was consolidated as of June 30, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 balance is reported at $0. The Company has provided various guarantees for this loan, including a completion guarantee, equity guarantee and recourse carve-out guarantee. The Company believes likelihood of loss relating to the completion guarantee is remote as of June 30, 2024. 14. Excludes deferred financing costs related to the Company’s unsecured revolving credit facility, which are reflected in prepaid expenses and other assets, net on the Consolidated Balance Sheets. See Note 8 for details. 15. This amount relates to debt attributable to Allianz U.S. Private REIT LP (“Allianz”), the Company’s partner in the joint venture that owns the Ferry Building property. 16.
Schedule of Maturities of Long-term Debt	The following table provides information regarding the Company’s future minimum principal payments due on the Company’s debt (after the impact of extension options, if applicable) as of June 30, 2024: Year Unsecured and Secured Debt Joint Venture Partner Debt Remaining 2024 $ — $ — 2025 741,300 — 2026 1,491,767 — 2027 543,201 — 2028 451,000 66,136 Thereafter 900,000 — TOTAL $ 4,127,268 $ 66,136
Schedule of Existing Covenants and their Covenant Levels	The following table summarizes existing covenants and their covenant levels as of June 30, 2024 related to our unsecured revolving credit facility and term loans: Covenant Ratio (1) Covenant Level Actual Performance Total liabilities to total asset value ≤ 65% 48.1% Unsecured indebtedness to unencumbered asset value ≤ 65% 42.6% Adjusted EBITDA to fixed charges ≥ 1.5x 1.7x Secured indebtedness to total asset value ≤ 45% 21.0% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.4x _________________ 1. Based on the provisions of the fourth quarter 2023 amendment to the unsecured revolving credit facility, the total leverage and the unsecured leverage thresholds have been extended from 60% to 65% through December 31, 2024 (or until such time as the private placement covenant calculations are amended to reflect the recent adjustments to the credit facility covenants, if sooner). The following table summarizes existing covenants and their covenant levels as of June 30, 2024 related to our private placement notes: Covenant Ratio (1) Covenant Level Actual Performance Total liabilities to total asset value ≤ 60% 51.9% Unsecured indebtedness to unencumbered asset value ≤ 65% 52.1% Adjusted EBITDA to fixed charges ≥ 1.5x 1.7x Secured indebtedness to total asset value ≤ 45% 22.6% Unencumbered NOI to unsecured interest expense ≥ 2.0x 2.4x _________________ 1. The covenant and actual performance metrics above represent terms and definitions reflected in the indentures governing the Series B, Series C and Series D notes. 2. Based on the provisions of the fourth quarter 2023 amendment to the unsecured revolving credit facility, the total leverage and the unsecured leverage thresholds have been extended from 60% to 65% through December 31, 2024 (or until such time as the private placement covenant calculations are amended to reflect the recent adjustments to the credit facility covenants, if sooner). The following table summarizes existing covenants and their covenant levels related to the registered senior notes as of June 30, 2024: Covenant Ratio (1) Covenant Level Actual Performance Debt to total assets ≤ 60% 44.2% Total unencumbered assets to unsecured debt ≥ 150% 240.9% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 1.7x Secured debt to total assets ≤ 45% 19.2% _________________ 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, 4.65% Senior Notes and 5.95% Senior Notes.
Schedule of Reconciliation of Gross Interest Expense and Interest Expense	The following table represents a reconciliation from gross interest expense to the interest expense on the Consolidated Statements of Operations: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Gross interest expense (1) $ 53,077 $ 54,425 $ 103,733 $ 107,723 Capitalized interest (10,912) (7,311) (19,394) (14,173) Non-cash interest expense (2) 1,994 7,534 3,909 14,905 INTEREST EXPENSE $ 44,159 $ 54,648 $ 88,248 $ 108,455 _________________ 1. Includes interest on the Company’s debt and hedging activities. 2. Includes the amortization of deferred financing costs and fair market value adjustments for our mark-to-market interest rate derivatives.

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table summarizes the Company’s derivative instruments as of June 30, 2024 and December 31, 2023: Fair Value Assets (Liabilities) Underlying Debt Instrument Type of Instrument Accounting Policy Notional Amount Effective Date Maturity Interest Rate June 30, 2024 December 31, 2023 Sunset Glenoaks Studios (1) Cap Cash flow hedge $ 100,600 August 2022 January 2025 4.50% $ 359 $ — 1918 Eighth Swap Cash flow hedge $ 172,865 February 2023 October 2025 3.75% 2,216 1,075 1918 Eighth Cap Partial cash flow hedge (2) $ 314,300 June 2023 December 2025 5.00% 858 952 1918 Eighth Sold cap (3) Mark-to-market $ 172,865 June 2023 December 2025 5.00% (472) (520) Hollywood Media Portfolio Cap Partial cash flow hedge (2) $ 1,100,000 August 2023 August 2024 5.70% — 59 Hollywood Media Portfolio Sold cap (3) Mark-to-market $ 561,000 August 2023 August 2024 5.70% — (29) Hollywood Media Portfolio Swap Cash flow hedge $ 351,186 August 2023 June 2026 3.31% 7,895 4,355 Hollywood Media Portfolio Swap Cash flow hedge $ 180,000 February 2024 August 2026 4.13% 1,236 — TOTAL $ 12,092 $ 5,892 __________________ 1. Sunset Glenoaks Studios was consolidated as of June 30, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 fair value is reported at $0. 2. $141,435 and $539,000 of the notional amounts of the 1918 Eighth and Hollywood Media Portfolio caps, respectively, have been designated as effective cash flow hedges for accounting purposes. The remainder of each is accounted for under mark-to-market accounting. 3. The sold caps serve to offset the changes in fair value of the portions of the 1918 Eighth and Hollywood Media Portfolio caps that are not designated as cash flow hedges for accounting purposes.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Liabilities	The following table presents the components of the deferred tax liabilities, net recognized on the Company’s Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Deferred tax assets, net (1) $ 1,999 $ 2,412 Deferred tax liabilities, net (2) (3,763) (3,705) Deferred tax liabilities, net $ (1,764) $ (1,293) Total deferred tax assets (3) $ 66,619 $ 54,163 Valuation allowance (39,984) (29,477) Total deferred tax liabilities (3) (28,399) (25,979) Deferred tax liabilities, net $ (1,764) $ (1,293) __________________ 1. Deferred tax assets, net are recorded within prepaid expenses and other assets, net on the Consolidated Balance Sheets. 2. Deferred tax liabilities, net are recorded within accounts payable, accrued liabilities and other on the Consolidated Balance Sheets. 3.

Future Minimum Rents and Leas_2

Future Minimum Rents and Lease Payments (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Future Minimum Base Rents Receivable	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 June 30, 2024: Year Amount Remaining 2024 $ 288,174 2025 502,770 2026 452,398 2027 397,368 2028 331,781 Thereafter 833,471 TOTAL $ 2,805,962
Schedule of Future Minimum Lease Payments Due	The following table provides information regarding the Company’s future minimum lease payments for its operating leases (including the impact of the extension options which the Company is reasonably certain to exercise) as of June 30, 2024: Year Lease Payments (1) Remaining 2024 $ 20,690 2025 40,513 2026 38,937 2027 36,265 2028 34,364 Thereafter 523,743 Total operating lease payments 694,512 Less: interest portion (315,727) PRESENT VALUE OF OPERATING LEASE LIABILITIES $ 378,785 __________________ 1. Future minimum lease payments for operating leases denominated in a foreign currency are translated to U.S. dollars using the exchange rate in effect as of the financial statement date.
Schedule of Rental Expense	The following table summarizes rental expense for operating leases: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Variable rental expense $ 2,754 $ 3,384 $ 4,857 $ 6,387 Minimum rental expense $ 11,313 $ 11,093 $ 22,632 $ 22,180

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities, Recurring	The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of: June 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivative assets (1) $ — $ 12,564 $ — $ 12,564 $ — $ 6,441 $ — $ 6,441 Interest rate derivative liabilities (2) $ — $ (472) $ — $ (472) $ — $ (549) $ — $ (549) Non-real estate investments measured at fair value (1) $ — $ — $ — $ — $ 1 $ — $ — $ 1 Earnout liability (2) $ — $ — $ — $ — $ — $ — $ (5,000) $ (5,000) Non-real estate investments measured at NAV (1)(3) $ — $ — $ — $ 47,557 $ — $ — $ — $ 48,580 __________________ 1. Included in prepaid expenses and other assets, net on the Consolidated Balance Sheets. 2. Included in accounts payable, accrued liabilities and other on the Consolidated Balance Sheets. 3. According to the relevant accounting standards, certain investments that are measured at fair value using the NAV practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Balance Sheets.
Schedule of Fair Value, Liabilities Measured on Recurring Basis	The following table summarizes changes in the carrying amount of the earnout liability during the six months ended June 30, 2024: Balance, December 31, 2023 $ (5,000) Settlement 5,000 Balance, June 30, 2024 $ —
Schedule of Fair Value Measurements, Recurring and Nonrecurring	The table below represents the carrying value and fair value of the Company’s debt as of: June 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value LIABILITIES Unsecured debt (1) $ 2,387,000 $ 1,984,335 $ 2,307,000 $ 1,971,410 Secured debt (1) $ 1,740,268 $ 1,724,525 $ 1,653,067 $ 1,634,668 Consolidated joint venture partner debt $ 66,136 $ 59,974 $ 66,136 $ 59,966 _________________ 1. Amounts represent debt excluding unamortized deferred financing costs and loan discounts/premiums.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Related to Company's Awards	The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Expensed stock compensation (1) $ 6,918 $ 6,311 $ 13,485 $ 11,547 Capitalized stock compensation (2) 484 682 1,089 1,354 TOTAL STOCK COMPENSATION (3) $ 7,402 $ 6,993 $ 14,574 $ 12,901 _________________ 1. Amounts are recorded in general and administrative expenses on the Consolidated Statements of Operations. 2. Amounts are recorded in investment in real estate, at cost on the Consolidated Balance Sheets. 3.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share to net loss available to common stockholders: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Basic and diluted net loss available to common stockholders $ (47,027) $ (36,163) $ (99,229) $ (56,590) Denominator: Basic weighted average common shares outstanding 141,181,450 140,909,747 141,151,893 140,967,066 Effect of dilutive instruments (1) — — — — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 141,181,450 140,909,747 141,151,893 140,967,066 Basic earnings per common share $ (0.33) $ (0.26) $ (0.70) $ (0.40) Diluted earnings per common share $ (0.33) $ (0.26) $ (0.70) $ (0.40) __________________ 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 or performance 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. The following table reconciles the numerator and denominator in computing the operating partnership’s basic and diluted earnings per unit to net loss available to common unitholders: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Basic and diluted net loss available to common unitholders $ (48,252) $ (36,809) $ (101,683) $ (57,518) Denominator: Basic weighted average common units outstanding 144,859,277 143,428,209 144,673,725 143,379,060 Effect of dilutive instruments (1) — — — — DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 144,859,277 143,428,209 144,673,725 143,379,060 Basic earnings per common unit $ (0.33) $ (0.26) $ (0.70) $ (0.40) Diluted earnings per common unit $ (0.33) $ (0.26) $ (0.70) $ (0.40) __________________ 1. The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market or performance criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.

Redeemable Non-Controlling In_2

Redeemable Non-Controlling Interest (Tables)	6 Months Ended
	Jun. 30, 2024
Temporary Equity Disclosure [Abstract]
Schedule of Non-controlling Interests	The following table reconciles the beginning and ending balances of redeemable non-controlling interests: Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Series A Redeemable Preferred Units Consolidated Real Estate Entity Series A Redeemable Preferred Units Consolidated Real Estate Entity BEGINNING OF PERIOD $ 9,815 $ 52,108 $ 9,815 $ 57,182 Distributions — (7) — (3,924) Declared dividend (153) — (306) — Net income (loss) 153 (961) 306 (2,118) END OF PERIOD $ 9,815 $ 51,140 $ 9,815 $ 51,140

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below presents the activity related to Hudson Pacific Properties, Inc.’s accumulated other comprehensive (loss) income (“AOCI”): Derivative Instruments Currency Translation Adjustments Total Accumulated Other Comprehensive (Loss) Income BALANCE AT DECEMBER 31, 2023 $ 3,656 $ (3,843) $ (187) Unrealized gains (losses) recognized in AOCI 11,518 (3,219) 8,299 Reclassification from AOCI into income (1) (5,288) — (5,288) Net change in AOCI 6,230 (3,219) 3,011 BALANCE AT JUNE 30, 2024 $ 9,886 $ (7,062) $ 2,824 __________________ 1. The gains and losses on the Company’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations. The table below presents the activity related to Hudson Pacific Properties, L.P.’s AOCI: Derivative Instruments Currency Translation Adjustments Total Accumulated Other Comprehensive (Loss) Income BALANCE AT DECEMBER 31, 2023 $ 3,813 $ (3,875) $ (62) Unrealized gains (losses) recognized in AOCI 12,086 (3,380) 8,706 Reclassification from AOCI into income (1) (5,553) — (5,553) Net change in AOCI 6,533 (3,380) 3,153 BALANCE AT JUNE 30, 2024 $ 10,346 $ (7,255) $ 3,091 __________________ 1. The gains and losses on the operating partnership’s derivative instruments classified as hedges are reported in interest expense on the Consolidated Statements of Operations.
Schedule of Other Ownership Interests	The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units, as of: June 30, 2024 December 31, 2023 Company-owned common units in the operating partnership 141,232,361 141,034,806 Company’s ownership interest percentage 97.5 % 98.0 % Non-controlling common units in the operating partnership (1) 3,677,827 2,810,433 Non-controlling ownership interest percentage 2.5 % 2.0 % _________________ 1. Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of June 30, 2024, this amount represents both common units and performance units of 550,969 and 3,126,858, res pectively. As of December 31, 2023, this amount represents both common units and performance units in the amount of 550,969 and 2,259,464, respectively.
Schedule of Dividends	The following table summarizes dividends per share declared and paid for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Common stock $ 0.05 $ 0.125 $ 0.10 $ 0.375 Common units $ 0.05 $ 0.125 $ 0.10 $ 0.375 Series A preferred units $ 0.3906 $ 0.3906 $ 0.7812 $ 0.7812 Series C preferred stock $ 0.296875 $ 0.296875 $ 0.593750 $ 0.5937500 Performance units $ 0.05 $ 0.125 $ 0.10 $ 0.375 Payment date June 27, 2024 June 30, 2023 N/A N/A Record date June 17, 2024 June 20, 2023 N/A N/A

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Operating Activity	The table below presents the operating activity of the Company’s reportable segments: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Office segment Office revenues $ 176,039 $ 207,291 $ 351,114 $ 413,924 Office expenses (75,304) (76,767) (148,251) (150,821) Office segment profit 100,735 130,524 202,863 263,103 Studio segment Studio revenues 41,961 37,877 80,909 83,507 Studio expenses (37,952) (34,679) (75,061) (71,923) Studio segment profit 4,009 3,198 5,848 11,584 TOTAL SEGMENT PROFIT $ 104,744 $ 133,722 $ 208,711 $ 274,687 Segment revenues $ 218,000 $ 245,168 $ 432,023 $ 497,431 Segment expenses (113,256) (111,446) (223,312) (222,744) TOTAL SEGMENT PROFIT $ 104,744 $ 133,722 $ 208,711 $ 274,687 The table below is a reconciliati on of net loss to total profit from all segmen ts: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 NET LOSS $ (47,557) $ (31,474) $ (100,912) $ (46,293) General and administrative 20,705 18,941 40,415 37,665 Depreciation and amortization 86,798 98,935 178,652 196,074 Loss from unconsolidated real estate entities 2,481 715 3,224 1,460 Fee income (1,371) (2,284) (2,496) (4,686) Interest expense 44,159 54,648 88,248 108,455 Interest income (579) (236) (1,433) (607) Management services reimbursement income—unconsolidated real estate entities (1,042) (1,059) (2,198) (2,123) Management services expense—unconsolidated real estate entities 1,042 1,059 2,198 2,123 Transaction-related expenses (113) (2,530) 2,037 (1,344) Unrealized loss on non-real estate investments 1,045 843 1,943 4 Gain on sale of real estate — — — (7,046) Gain on extinguishment of debt — (10,000) — (10,000) Other income (1,334) (138) (1,477) (135) Income tax provision 510 6,302 510 1,140 TOTAL PROFIT FROM ALL SEGMENTS $ 104,744 $ 133,722 $ 208,711 $ 274,687

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2024
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Information	Supplemental cash flow information for Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. is included as follows: Six Months Ended June 30, 2024 2023 Cash paid for interest, net of capitalized interest $ 78,981 $ 89,393 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ 95,782 $ 143,881 Ground lease remeasurements $ — $ 4,111 Redemption of common units in the operating partnership $ 133 $ — Assets recognized upon consolidation of previously unconsolidated real estate entity $ 197,968 $ — Liabilities recognized upon consolidation of previously unconsolidated real estate entity $ 86,565 $ — Derecognition of equity method investment upon consolidation of previously $ 55,593 $ —
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 and Hudson Pacific Properties, L.P.: Six Months Ended June 30, 2024 2023 BEGINNING OF PERIOD Cash and cash equivalents $ 100,391 $ 255,761 Restricted cash 18,765 29,970 TOTAL $ 119,156 $ 285,731 END OF PERIOD Cash and cash equivalents $ 78,458 $ 109,220 Restricted cash 21,482 18,583 TOTAL $ 99,940 $ 127,803
Schedule of 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 and Hudson Pacific Properties, L.P.: Six Months Ended June 30, 2024 2023 BEGINNING OF PERIOD Cash and cash equivalents $ 100,391 $ 255,761 Restricted cash 18,765 29,970 TOTAL $ 119,156 $ 285,731 END OF PERIOD Cash and cash equivalents $ 78,458 $ 109,220 Restricted cash 21,482 18,583 TOTAL $ 99,940 $ 127,803

Organization (Details)

Organization (Details)	Jun. 30, 2024 ft² property	Aug. 28, 2023
Real Estate Properties
Number of Properties | property	58
Square Feet | ft²	19,616,003
Consolidated portfolio
Real Estate Properties
Number of Properties | property	54
Square Feet | ft²	16,237,165
Consolidated portfolio | Office
Real Estate Properties
Number of Properties | property	45
Square Feet | ft²	13,122,217
Consolidated portfolio | Studio
Real Estate Properties
Number of Properties | property	4
Square Feet | ft²	1,498,706
Consolidated portfolio | Future development
Real Estate Properties
Number of Properties | property	5
Square Feet | ft²	1,616,242
Unconsolidated portfolio
Real Estate Properties
Number of Properties | property	4
Square Feet | ft²	3,378,838
Unconsolidated portfolio | Bentall Centre
Real Estate Properties
Joint venture, ownership (as a percent)	20%
Unconsolidated portfolio | Sunset Waltham Cross Studios
Real Estate Properties
Joint venture, ownership (as a percent)	35%
Unconsolidated portfolio | Sunset Pier 94 Studios
Real Estate Properties
Joint venture, ownership (as a percent)	51%	51%
Joint venture, ownership (as a percent)	26%	25.60%
Unconsolidated portfolio | Office
Real Estate Properties
Number of Properties | property	1
Square Feet | ft²	1,529,491
Unconsolidated portfolio | Studio
Real Estate Properties
Number of Properties | property	1
Square Feet | ft²	232,000
Unconsolidated portfolio | Future development
Real Estate Properties
Number of Properties | property	2
Square Feet | ft²	1,617,347

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended	6 Months Ended
	Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) jointVenture segment	Dec. 31, 2023 USD ($)
Variable Interest Entity
Weighted average incremental borrowing rate (as a percent)		5.60%
Weighted average remaining lease term (in years)		22 years
Number of operating segments | segment		3
Number of reporting units | segment		3
Goodwill | $		$ 264,144,000	$ 264,144,000
Goodwill impairment | $		$ 0
Minimum
Variable Interest Entity
Finite-lived intangible assets useful life (in years)		5 years
Maximum
Variable Interest Entity
Finite-lived intangible assets useful life (in years)		7 years
VIE, primary beneficiary
Variable Interest Entity
Number of joint ventures meeting VIE definition | jointVenture		19
Number of joint ventures consolidated | jointVenture		13
VIE, primary beneficiary | Sunset Glenoaks Studios
Variable Interest Entity
Business combination, ownership interests (as a percent)		100%
VIE, primary beneficiary | 1455 Market Street
Variable Interest Entity
VIE, ownership interest acquired (as a percent)	45%
Payments to acquire interests | $	$ 43,500,000
VIE, ownership interest (as a percent)	100%
VIE, not primary beneficiary
Variable Interest Entity
Number of joint ventures not consolidated | jointVenture		6

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Consolidated Joint Ventures (Details) - Consolidated Real Estate Entity	6 Months Ended	11 Months Ended
	Jun. 30, 2024	Nov. 30, 2023
Hill7
Variable Interest Entity
VIE, ownership interest (as a percent)	55%
HPP-MAC WSP
Variable Interest Entity
VIE, ownership interest (as a percent)	75%
Ferry Building
Variable Interest Entity
VIE, ownership interest (as a percent)	55%
Sunset Bronson Studios, ICON, CUE
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
Sunset Gower Entertainment Properties, LLC
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
Sunset 1440 North Gower Street, LLC
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
Sunset Las Palmas Studios, Harlow
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
Sunset Services Holdings, LLC
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
EPIC
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
Hudson Media and Entertainment Management, LLC
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
6040 Sunset
Variable Interest Entity
VIE, ownership interest (as a percent)	51%
Sunset Glenoaks Studios
Variable Interest Entity
VIE, ownership interest (as a percent)	50%
1918 Eighth
Variable Interest Entity
VIE, ownership interest (as a percent)	55%
One Westside and Westside Two | HPP-MAC WSP, LLC
Variable Interest Entity
VIE, ownership interest (as a percent)		100%
Sunset Bronson Services, LLC, Sunset Gower Services, LLC and Sunset Las Palmas Services, LLC | Sunset Services Holdings, LLC
Variable Interest Entity
VIE, ownership interest (as a percent)	100%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Revenue Streams (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disaggregation of Revenue
Management fee income	$ 1,371	$ 2,284	$ 2,496	$ 4,686
Management services reimbursement income	1,042	1,059	2,198	2,123
Ancillary revenues
Disaggregation of Revenue
Service and other revenues	26,187	21,020	50,387	48,314
Receivables	5,251		5,251		$ 5,478
Other revenues
Disaggregation of Revenue
Service and other revenues	4,257	3,823	8,611	9,341
Receivables	1,565		1,565		$ 954
Studio-related tenant recoveries
Disaggregation of Revenue
Service and other revenues	$ 519	$ 465	$ 961	$ 1,006

Investment in Real Estate - Sch

Investment in Real Estate - Schedule of Investments in Real Estate (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Real Estate [Abstract]
Land	$ 1,249,014	$ 1,220,339
Building and improvements	6,189,247	5,969,364
Tenant improvements	747,809	818,653
Furniture and fixtures	6,012	8,609
Property under development	202,422	195,931
INVESTMENT IN REAL ESTATE, AT COST	$ 8,394,504	$ 8,212,896

Investment in Real Estate - S_2

Investment in Real Estate - Schedule of Dispositions of Real Estate Properties (Details) - Skyway Landing - Disposed of by Sale $ in Millions	Feb. 06, 2023 USD ($) ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²	246,997
Sales Price	$ 102
Gain on Sale	$ 7

Non-Real Estate Property, Pla_3

Non-Real Estate Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment, Net
Non-real estate property, plant and equipment, at cost	$ 168,111	$ 156,565
Accumulated depreciation	(47,350)	(37,782)
Non-real estate property, plant and equipment, net	$ 120,761	118,783
Minimum
Property, Plant and Equipment, Net
Estimate useful life (in years)	3 years
Maximum
Property, Plant and Equipment, Net
Estimate useful life (in years)	20 years
Trailers
Property, Plant and Equipment, Net
Non-real estate property, plant and equipment, at cost	$ 74,327	70,462
Production equipment
Property, Plant and Equipment, Net
Non-real estate property, plant and equipment, at cost	37,760	37,100
Trucks and other vehicles
Property, Plant and Equipment, Net
Non-real estate property, plant and equipment, at cost	22,056	20,044
Leasehold improvements
Property, Plant and Equipment, Net
Non-real estate property, plant and equipment, at cost	18,366	15,888
Other equipment
Property, Plant and Equipment, Net
Non-real estate property, plant and equipment, at cost	9,807	6,959
Furniture, fixtures and equipment
Property, Plant and Equipment, Net
Non-real estate property, plant and equipment, at cost	$ 5,795	$ 6,112

Investment in Unconsolidated _3

Investment in Unconsolidated Real Estate Entities- Schedule of Variable Interest Entities (Details) - VIE, not primary beneficiary - USD ($) $ in Thousands	Jun. 30, 2024	Aug. 28, 2023
Sunset Waltham Cross Studios
Schedule of Equity Method Investments
Joint venture, ownership (as a percent)	35%
Bentall Centre
Schedule of Equity Method Investments
Joint venture, ownership (as a percent)	20%
Bentall Centre | Financial guarantee
Schedule of Equity Method Investments
Maximum exposure for guarantee	$ 93,500
Sunset Pier 94 Studios
Schedule of Equity Method Investments
Joint venture, ownership (as a percent)	51%	51%
Joint venture, ownership (as a percent)	26%	25.60%
Sunset Pier 94 Studios | Financial guarantee
Schedule of Equity Method Investments
Maximum exposure for guarantee	$ 26
Sunset Pier 94 Studios
Schedule of Equity Method Investments
Joint venture, ownership (as a percent)		50.10%

Investment in Unconsolidated _4

Investment in Unconsolidated Real Estate Entities - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments
Investment in unconsolidated real estate entities	$ 212,130	$ 252,711
Unconsolidated joint ventures
Schedule of Equity Method Investments
Investment in unconsolidated real estate entities	$ 300	$ 100

Investment in Unconsolidated _5

Investment in Unconsolidated Real Estate Entities - Schedule of Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Investment in real estate, net	$ 6,617,811		$ 6,484,459
TOTAL ASSETS	8,352,782		8,282,050
Liabilities
Total liabilities	4,896,019		4,720,881
Total equity	3,395,808	$ 3,388,564	3,494,172	$ 3,645,352	$ 3,698,882	$ 3,749,831
TOTAL LIABILITIES AND EQUITY	8,352,782		8,282,050
VIE, not primary beneficiary
ASSETS
Investment in real estate, net	1,106,872		1,295,449
Other assets	45,395		40,790
TOTAL ASSETS	1,152,267		1,336,239
Liabilities
Secured debt, net	468,596		564,949
Other liabilities	44,486		46,947
Total liabilities	513,082		611,896
Company’s capital	188,514		225,898
Partner’s capital	450,671		498,445
Total equity	639,185		724,343
TOTAL LIABILITIES AND EQUITY	$ 1,152,267		$ 1,336,239

Investment in Unconsolidated _6

Investment in Unconsolidated Real Estate Entities - Schedule of Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Equity Method Investment, Summarized Financial Information, Income Statement
TOTAL REVENUES	$ 218,000	$ 245,168	$ 432,023	$ 497,431
Net loss	(47,557)	(31,474)	(100,912)	(46,293)
VIE, not primary beneficiary
Equity Method Investment, Summarized Financial Information, Income Statement
TOTAL REVENUES	21,787	19,271	39,065	37,742
TOTAL EXPENSES	31,943	22,600	53,696	44,677
Net loss	$ (10,156)	$ (3,329)	$ (14,631)	$ (6,935)

Deferred Leasing Costs and In_3

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net - Schedule of Finite-Lived Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	$ 329,310	$ 326,950
INTANGIBLE LIABILITIES, NET	24,997	27,751
Below-market leases
Finite-Lived Intangible Assets, Net
Below-market leases, net	49,073	58,833
Accumulated amortization	(24,758)	(31,785)
INTANGIBLE LIABILITIES, NET	24,315	27,048
Above-market ground leases
Finite-Lived Intangible Assets, Net
Below-market leases, net	1,095	1,095
Accumulated amortization	(413)	(392)
INTANGIBLE LIABILITIES, NET	682	703
Deferred leasing costs and in-place lease intangibles
Finite-Lived Intangible Assets, Net
Deferred leasing costs and intangible assets, gross	262,697	290,969
Accumulated amortization	(128,575)	(150,457)
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	134,122	140,512
Lease incentives
Finite-Lived Intangible Assets, Net
Deferred leasing costs and intangible assets, gross	18,177	0
Accumulated amortization	(222)	0
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	17,955	0
Below-market ground leases
Finite-Lived Intangible Assets, Net
Deferred leasing costs and intangible assets, gross	77,943	77,943
Accumulated amortization	(22,057)	(20,733)
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	55,886	57,210
Above-market leases
Finite-Lived Intangible Assets, Net
Deferred leasing costs and intangible assets, gross	636	673
Accumulated amortization	(388)	(376)
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	248	297
Customer relationships
Finite-Lived Intangible Assets, Net
Deferred leasing costs and intangible assets, gross	97,900	97,900
Accumulated amortization	(33,371)	(26,363)
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	64,529	71,537
Non-competition agreements
Finite-Lived Intangible Assets, Net
Deferred leasing costs and intangible assets, gross	8,200	8,200
Accumulated amortization	(4,103)	(3,279)
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	4,097	4,921
Trade name
Finite-Lived Intangible Assets, Net
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	37,200	37,200
Parking easement
Finite-Lived Intangible Assets, Net
DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET	$ 15,273	$ 15,273

Deferred Leasing Costs and In_4

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net - Schedule of Amortization Related to Deferred Leasing Costs and Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net			$ 2,703	$ 3,239
Customer relationships
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	$ (3,504)	$ (3,504)	(7,008)	(7,008)
Non-competition agreements
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(411)	(411)	(823)	(823)
Below-market leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	1,298	1,634	2,732	3,271
Above-market ground leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	10	10	21	21
Deferred leasing costs and in-place lease intangibles
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(8,728)	(9,809)	(16,500)	(19,057)
Lease incentives
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(222)	0	(222)	0
Below-market ground leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(672)	(699)	(1,345)	(1,398)
Above-market leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	$ (16)	$ (15)	$ (29)	$ (32)

Receivables (Details)

Receivables (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Accounts receivable	$ 18,700,000	$ 25,000,000
Accounts receivable, allowance for doubtful accounts	500,000	400,000
Straight-line rent receivables, gross	217,500,000	220,800,000
Straight-line rent receivable, allowance for doubtful accounts	$ 0	$ 0

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets, net - Schedule of Prepaid Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Non-real estate investments	$ 47,557	$ 48,581
Deferred tax assets, net	1,999	2,412
Interest rate derivative assets	12,564	6,441
Deferred financing costs, net	3,240	4,316
Prepaid property tax	0	2,075
Prepaid insurance	20,394	10,611
Other	23,295	19,709
PREPAID EXPENSES AND OTHER ASSETS, NET	$ 109,049	$ 94,145

Prepaid Expenses and Other As_4

Prepaid Expenses and Other Assets, net - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Unrealized gain (loss) on non-real estate investments	$ (1,000,000)	$ (800,000)	$ (1,900,000)	$ 16,800

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt Instruments (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) option	Dec. 31, 2023 USD ($)
Debt
Duration used in interest rate calculation (in days)	360 days
Hollywood Media Portfolio, net | Interest Rate Caps | Designated as hedging Instrument
Debt
Notional amount	$ 539,000,000
Hollywood Media Portfolio, net | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial
Debt
Interest rate (as a percent)	5.70%
Hollywood Media Portfolio, net | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging
Debt
Notional amount	$ 539,000,000
Hollywood Media Portfolio, net | Interest Rate Swap | Designated as hedging Instrument
Debt
Notional amount	$ 531,200,000
Hollywood Media Portfolio, net | Interest Rate Swap | Designated as hedging Instrument | Cash Flow Hedging
Debt
Interest rate (as a percent)	3.31%
Hollywood Media Portfolio, net | Interest Rate Swap | Designated as hedging Instrument
Debt
Notional amount	$ 180,000,000
Hollywood Media Portfolio, net | Interest Rate Swap | Designated as hedging Instrument | Cash Flow Hedging
Debt
Interest rate (as a percent)	4.13%
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument
Debt
Notional amount	$ 141,400,000
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial
Debt
Interest rate (as a percent)	5%
1918 Eighth | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging
Debt
Notional amount	$ 141,435,000
1918 Eighth | Interest Rate Swap | Designated as hedging Instrument
Debt
Notional amount	$ 172,900,000
1918 Eighth | Interest Rate Swap | Designated as hedging Instrument | Cash Flow Hedging
Debt
Interest rate (as a percent)	3.75%
Sunset Glenoaks Studios | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging, Partial
Debt
Interest rate (as a percent)	4.50%
Sunset Glenoaks Studios | Interest Rate Caps | Designated as hedging Instrument | Cash Flow Hedging
Debt
Interest rate (as a percent)	4.50%
Unsecured debt
Debt
TOTAL	$ 2,387,000,000	$ 2,307,000,000
Unsecured debt | Series B notes
Debt
TOTAL	$ 259,000,000	259,000,000
Interest rate (as a percent)	4.69%
Unsecured debt | Series C notes
Debt
TOTAL	$ 56,000,000	56,000,000
Interest rate (as a percent)	4.79%
Unsecured debt | Series D notes
Debt
TOTAL	$ 150,000,000	150,000,000
Interest rate (as a percent)	3.98%
Unsecured debt | 3.95% Registered senior notes
Debt
TOTAL	$ 400,000,000	400,000,000
Interest rate (as a percent)	3.95%
Unsecured debt | 4.65% Registered senior notes
Debt
TOTAL	$ 500,000,000	500,000,000
Interest rate (as a percent)	4.65%
Unsecured debt | 3.25% Registered senior notes
Debt
TOTAL	$ 400,000,000	400,000,000
Interest rate (as a percent)	3.25%
Unsecured debt | 5.95% Registered senior notes
Debt
TOTAL	$ 350,000,000	350,000,000
Interest rate (as a percent)	5.95%
Secured debt
Debt
TOTAL	$ 1,740,268,000	1,653,067,000
Secured debt | Hollywood Media Portfolio, net
Debt
TOTAL	$ 1,069,767,000	1,069,767,000
Number of extension options | option	3
Extension term (in years)	1 year
Payments to acquire bonds	$ 30,200,000
Secured debt | Hollywood Media Portfolio
Debt
Debt, face amount	$ 1,100,000,000	1,100,000,000
Basis spread on variable rate (as a percent)	1.10%
Secured debt | Acquired Hollywood Media Portfolio debt
Debt
Acquired Hollywood Media Portfolio debt	$ (30,233,000)	(30,233,000)
Basis spread on variable rate (as a percent)	2.11%
Secured debt | Element LA
Debt
TOTAL	$ 168,000,000	168,000,000
Interest rate (as a percent)	4.59%
Secured debt | 1918 Eighth
Debt
TOTAL	$ 314,300,000	314,300,000
Basis spread on variable rate (as a percent)	1.40%
Secured debt | Hill7
Debt
TOTAL	$ 101,000,000	101,000,000
Interest rate (as a percent)	3.38%
Secured debt | Sunset Glenoaks Studios
Debt
TOTAL	$ 87,201,000	0
Basis spread on variable rate (as a percent)	3.10%
Debt instrument, maximum capacity	$ 100,600,000
Secured debt | Minimum | Sunset Glenoaks Studios
Debt
Basis spread on variable rate (as a percent)	2.50%
Secured debt | Maximum | Sunset Glenoaks Studios
Debt
Basis spread on variable rate (as a percent)	3.10%
Unsecured and secured debt
Debt
TOTAL	$ 4,127,268,000	3,960,067,000
Unamortized deferred financing costs/loan discounts	(13,143,000)	(14,753,000)
Debt	4,114,125,000	3,945,314,000
Joint venture partner debt
Debt
TOTAL	66,136,000
Debt	$ 66,136,000	66,136,000
Interest rate (as a percent)	4.50%
Number of extension options | option	2
Extension term (in years)	2 years
Revolving credit facility | Unsecured debt
Debt
TOTAL	$ 272,000,000	$ 192,000,000
Basis spread on variable rate (as a percent)	1.35%
Maximum borrowing capacity	$ 900,000,000
Maximum borrowing capacity including accordion feature	$ 2,000,000,000
Number of extension options | option	2
Extension term (in years)	6 months
Revolving credit facility | Unsecured debt | GBP
Debt
Maximum borrowing capacity	$ 225,000,000
Revolving credit facility | Unsecured debt | CAD
Debt
Maximum borrowing capacity	$ 225,000,000
Revolving credit facility | Unsecured debt | Minimum
Debt
Basis spread on variable rate (as a percent)	1.15%
Commitment fee (as a percent)	0.15%
Revolving credit facility | Unsecured debt | Maximum
Debt
Basis spread on variable rate (as a percent)	1.60%
Commitment fee (as a percent)	0.30%

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Revolving credit facility
Debt Instrument
Proceeds from unsecured lines of credit	$ 80

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Unsecured and Secured Debt
Debt Instrument
Remaining 2024	$ 0
2025	741,300
2026	1,491,767
2027	543,201
2028	451,000
Thereafter	900,000
TOTAL	4,127,268	$ 3,960,067
Consolidated joint venture partner debt
Debt Instrument
Remaining 2024	0
2025	0
2026	0
2027	0
2028	66,136
Thereafter	0
TOTAL	$ 66,136

Debt - Schedule of Existing Cov

Debt - Schedule of Existing Covenants and their Covenant Levels (Details)	3 Months Ended	6 Months Ended	9 Months Ended
	Dec. 31, 2023	Jun. 30, 2024	Sep. 30, 2023
Debt Instrument
Total liabilities to total asset value, covenant level (less than or equal to) (as a percent)		65%
Total liabilities to total asset value, actual performance (as a percent)		48.10%
Unsecured indebtedness to unencumbered asset value, covenant level (less than or equal to) (as a percent)		65%
Unsecured indebtedness to unencumbered asset value, actual performance (as a percent)		42.60%
Adjusted EBITDA to fixed charges, covenant level (greater than or equal to)		1.5
Adjusted EBITDA to fixed charges, actual performance		1.7
Secured indebtedness to total asset value, covenant level (less than or equal to) (as a percent)		45%
Secured indebtedness to total asset value, actual performance (as a percent)		21%
Unencumbered NOI to unsecured interest expense, covenant level (greater than or equal to)		2
Unencumbered NOI to unsecured interest expense, actual performance		2.4
Total leverage and unsecured leverage threshold (as a percent)	65%		60%
Debt to total assets, covenant level (less than or equal to) (as a percent)		60%
Debt to total assets, actual performance (as a percent)		44.20%
Total unencumbered assets to unsecured debt, covenant level (greater than or equal to) (as a percent)		150%
Total unencumbered assets to unsecured debt, actual performance (as a percent)		240.90%
Consolidated income available for debt service to annual debt service charge, covenant level (greater than or equal to)		1.5
Consolidated income available for debt service to annual debt service charge, actual performance		1.7
Secured debt to total assets, covenant level (less than or equal to) (as a percent)		45%
Secured debt to total assets, actual performance (as a percent)		19.20%
Private Placement Notes
Debt Instrument
Total liabilities to total asset value, covenant level (less than or equal to) (as a percent)		60%
Total liabilities to total asset value, actual performance (as a percent)		51.90%
Unsecured indebtedness to unencumbered asset value, covenant level (less than or equal to) (as a percent)		65%
Unsecured indebtedness to unencumbered asset value, actual performance (as a percent)		52.10%
Adjusted EBITDA to fixed charges, covenant level (greater than or equal to)		1.5
Adjusted EBITDA to fixed charges, actual performance		1.7
Secured indebtedness to total asset value, covenant level (less than or equal to) (as a percent)		45%
Secured indebtedness to total asset value, actual performance (as a percent)		22.60%
Unencumbered NOI to unsecured interest expense, covenant level (greater than or equal to)		2
Unencumbered NOI to unsecured interest expense, actual performance		2.4
Total leverage and unsecured leverage threshold (as a percent)	65%		60%
3.25% Registered senior notes | Unsecured debt
Debt Instrument
Interest rate (as a percent)		3.25%
3.95% Registered senior notes | Unsecured debt
Debt Instrument
Interest rate (as a percent)		3.95%
4.65% Registered senior notes | Unsecured debt
Debt Instrument
Interest rate (as a percent)		4.65%
5.95% Registered senior notes | Unsecured debt
Debt Instrument
Interest rate (as a percent)		5.95%

Debt - Schedule of Reconciliati

Debt - Schedule of Reconciliation of Gross Interest Expense and Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Disclosure [Abstract]
Gross interest expense	$ 53,077	$ 54,425	$ 103,733	$ 107,723
Capitalized interest	(10,912)	(7,311)	(19,394)	(14,173)
Non-cash interest expense	1,994	7,534	3,909	14,905
INTEREST EXPENSE	$ 44,159	$ 54,648	$ 88,248	$ 108,455

Derivatives - Schedule of Deriv

Derivatives - Schedule of Derivative Instruments (Details) - Designated as hedging Instrument - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Derivative
Fair Value Assets (Liabilities)	$ 12,092,000	$ 5,892,000
Sunset Glenoaks Studios | Interest Rate Cap | Cash Flow Hedging
Derivative
Notional Amount	$ 100,600,000
Interest Rate	4.50%
Fair Value Assets (Liabilities)	$ 359,000	0
Sunset Glenoaks Studios | Interest Rate Cap | Cash Flow Hedging, Partial
Derivative
Interest Rate	4.50%
1918 Eighth | Interest Rate Cap
Derivative
Notional amount	$ 141,400,000
1918 Eighth | Interest Rate Cap | Cash Flow Hedging
Derivative
Notional amount	141,435,000
1918 Eighth | Interest Rate Cap | Cash Flow Hedging, Partial
Derivative
Notional Amount	$ 314,300,000
Interest Rate	5%
Fair Value Assets (Liabilities)	$ 858,000	952,000
1918 Eighth | Interest Rate Swap
Derivative
Notional amount	172,900,000
1918 Eighth | Interest Rate Swap | Cash Flow Hedging
Derivative
Notional Amount	$ 172,865,000
Interest Rate	3.75%
Fair Value Assets (Liabilities)	$ 2,216,000	1,075,000
1918 Eighth | Interest Rate Sold Cap | Mark-to-Market Hedging
Derivative
Notional Amount	$ 172,865,000
Interest Rate	5%
Fair Value Assets (Liabilities)	$ (472,000)	(520,000)
Hollywood Media Portfolio | Interest Rate Cap
Derivative
Notional amount	539,000,000
Hollywood Media Portfolio | Interest Rate Cap | Cash Flow Hedging
Derivative
Notional amount	539,000,000
Hollywood Media Portfolio | Interest Rate Cap | Cash Flow Hedging, Partial
Derivative
Notional Amount	$ 1,100,000,000
Interest Rate	5.70%
Fair Value Assets (Liabilities)	$ 0	59,000
Hollywood Media Portfolio | Interest Rate Swap
Derivative
Notional amount	531,200,000
Hollywood Media Portfolio | Interest Rate Swap | Cash Flow Hedging
Derivative
Notional Amount	$ 351,186,000
Interest Rate	3.31%
Fair Value Assets (Liabilities)	$ 7,895,000	4,355,000
Hollywood Media Portfolio | Interest Rate Swap
Derivative
Notional amount	180,000,000
Hollywood Media Portfolio | Interest Rate Swap | Cash Flow Hedging
Derivative
Notional Amount	$ 180,000,000
Interest Rate	4.13%
Fair Value Assets (Liabilities)	$ 1,236,000	0
Hollywood Media Portfolio | Interest Rate Sold Cap | Mark-to-Market Hedging
Derivative
Notional Amount	$ 561,000,000
Interest Rate	5.70%
Fair Value Assets (Liabilities)	$ 0	$ (29,000)

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized gain included in accumulated other comprehensive loss	$ 8.4

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax provision	$ 510,000	$ 6,302,000	$ 510,000	$ 1,140,000
Liability for uncertainty in income taxes	$ 0		$ 0

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deferred Tax Liabilities, Net [Abstract]
Deferred tax assets, net	$ 1,999	$ 2,412
Deferred tax liabilities, net	(3,763)	(3,705)
Deferred tax liabilities, net	(1,764)	(1,293)
Total deferred tax assets	66,619	54,163
Valuation allowance	(39,984)	(29,477)
Total deferred tax liabilities	$ (28,399)	$ (25,979)

Future Minimum Rents and Leas_3

Future Minimum Rents and Lease Payments - Schedule of Future Minimum Base Rents Receivable (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Operating Leases, Future Minimum Payments Receivable
Remaining 2024	$ 288,174
2025	502,770
2026	452,398
2027	397,368
2028	331,781
Thereafter	833,471
TOTAL	$ 2,805,962

Future Minimum Rents and Leas_4

Future Minimum Rents and Lease Payments - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) contract	Dec. 31, 2023 USD ($)
Operating Leased Assets
Operating lease payment | $	$ 694,512
Operating lease liabilities | $	378,785	$ 389,210
Operating lease right-of-use assets | $	$ 363,843	$ 376,306
Ground Lease
Operating Leased Assets
Number of operating lease contracts (contract)	12
Sound Stage Lease
Operating Leased Assets
Number of operating lease contracts (contract)	10
Office Lease
Operating Leased Assets
Number of operating lease contracts (contract)	7
Other Lease
Operating Leased Assets
Number of operating lease contracts (contract)	17

Future Minimum Rents and Leas_5

Future Minimum Rents and Lease Payments - Schedule of Future Minimum Payments Due (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lessee, Operating Lease, Liability, Payment, Due
Remaining 2024	$ 20,690
2025	40,513
2026	38,937
2027	36,265
2028	34,364
Thereafter	523,743
Total operating lease payments	694,512
Less: interest portion	(315,727)
Operating lease liabilities	$ 378,785	$ 389,210

Future Minimum Rents and Leas_6

Future Minimum Rents and Lease Payments - Schedule of Rental Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Variable rental expense	$ 2,754	$ 3,384	$ 4,857	$ 6,387
Minimum rental expense	$ 11,313	$ 11,093	$ 22,632	$ 22,180

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Assets And Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative assets	$ 12,564	$ 6,441
Interest rate derivative liabilities	(472)	(549)
Earnout liability	0	(5,000)
Non-real estate investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments measured at fair value	0	1
Non-real estate investments measured at NAV	47,557	48,580
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative assets	0	0
Interest rate derivative liabilities	0	0
Earnout liability	0	0
Level 1 | Non-real estate investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments measured at fair value	0	1
Non-real estate investments measured at NAV	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative assets	12,564	6,441
Interest rate derivative liabilities	(472)	(549)
Earnout liability	0	0
Level 2 | Non-real estate investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments measured at fair value	0	0
Non-real estate investments measured at NAV	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative assets	0	0
Interest rate derivative liabilities	0	0
Earnout liability	0	(5,000)
Level 3 | Non-real estate investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments measured at fair value	0	0
Non-real estate investments measured at NAV	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Contingent Liability (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Contingent Liability
Balance at the beginning	$ (5,000)
Settlement	5,000
Balance at the ending	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Schedule of Investment in Securities and Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Carrying Value | Unsecured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	$ 2,387,000	$ 2,307,000
Carrying Value | Secured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	1,740,268	1,653,067
Carrying Value | Consolidated joint venture partner debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	66,136	66,136
Fair Value | Unsecured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	1,984,335	1,971,410
Fair Value | Secured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	1,724,525	1,634,668
Fair Value | Consolidated joint venture partner debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	$ 59,974	$ 59,966

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) shares in Millions	6 Months Ended
	Jun. 30, 2024 portion $ / shares shares
2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in share) | shares	2
Stock price assumption for maximum bonus pool eligibility (in dollars per share) | $ / shares	$ 4.81
Existing and newly elected board member
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period (in years)	3 years
PSU Plan 2020
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting portions | portion	2
Post vesting period (in years)	2 years
PSU Plan 2020 | Tranche one
Share-based Compensation Arrangement by Share-based Payment Award
Award performance period (in years)	3 years
PSU Plan 2020 | Tranche two
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period (in years)	3 years
Award performance period (in years)	1 year
PSU Plan 2023 | Tranche one
Share-based Compensation Arrangement by Share-based Payment Award
Award performance period (in years)	3 years
PSU Plan 2023 | Tranche two
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period (in years)	3 years
Award performance period (in years)	1 year
PSU Plan 2024
Share-based Compensation Arrangement by Share-based Payment Award
Post vesting period (in years)	2 years
PSU Plan 2024 | Tranche one
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period (in years)	5 years
Vesting (as a percent)	60%
PSU Plan 2024 | Tranche two
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period (in years)	5 years
Vesting (as a percent)	20%
PSU Plan 2024 | Anniversary three
Share-based Compensation Arrangement by Share-based Payment Award
Vesting (as a percent)	20%
PSU Plan 2024 | Anniversary four
Share-based Compensation Arrangement by Share-based Payment Award
Vesting (as a percent)	20%
PSU Plan 2024 | Anniversary five
Share-based Compensation Arrangement by Share-based Payment Award
Vesting (as a percent)	20%

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock-based Compensation Related to Company's Awards (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Expensed stock compensation	$ 6,918	$ 6,311	$ 13,485	$ 11,547
Capitalized stock compensation	484	682	1,089	1,354
TOTAL STOCK COMPENSATION	$ 7,402	$ 6,993	$ 14,574	$ 12,901

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Basic net loss available to common stockholders/ unitholders	$ (47,027)	$ (36,163)	$ (99,229)	$ (56,590)
Diluted net loss available to common stockholders/ unitholders	$ (47,027)	$ (36,163)	$ (99,229)	$ (56,590)
Denominator:
Basic weighted average common shares outstanding (in shares)	141,181,450	140,909,747	141,151,893	140,967,066
Effect of dilutive instruments (in shares)	0	0	0	0
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	141,181,450	140,909,747	141,151,893	140,967,066
Basic earnings per common share (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)
Diluted earnings per common share (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)
Hudson Pacific Partners L.P.
Numerator:
Basic net loss available to common stockholders/ unitholders	$ (48,252)	$ (36,809)	$ (101,683)	$ (57,518)
Diluted net loss available to common stockholders/ unitholders	$ (48,252)	$ (36,809)	$ (101,683)	$ (57,518)
Denominator:
Basic weighted average common units outstanding (in shares)	144,859,277	143,428,209	144,673,725	143,379,060
Effect of dilutive instruments (in shares)	0	0	0	0
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING (in shares)	144,859,277	143,428,209	144,673,725	143,379,060
Basic earnings per common unit (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)
Diluted earnings per common unit (in dollars per share)	$ (0.33)	$ (0.26)	$ (0.70)	$ (0.40)

Redeemable Non-Controlling In_3

Redeemable Non-Controlling Interest - Narrative (Details) - $ / shares		6 Months Ended
	Oct. 09, 2018	Jun. 30, 2024	Dec. 31, 2023
Consolidated Real Estate Entity | Hudson One Ferry REIT, L.P.
Redeemable Noncontrolling Interest
VIE, ownership interest (as a percent)	55%
Series A Redeemable Preferred Units
Redeemable Noncontrolling Interest
Redeemable non-controlling interest shares (in shares)		392,598	392,598
Interest rate of preferred stock (as a percent)		6.25%
Liquidation preference (in dollars per share)		$ 25

Redeemable Non-Controlling In_4

Redeemable Non-Controlling Interest - Schedule of Non-controlling interests (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Consolidated Real Estate Entity
Increase (Decrease) in Temporary Equity
BEGINNING OF PERIOD	$ 52,108	$ 57,182
Distributions	(7)	(3,924)
Declared dividend	0	0
Net income (loss)	(961)	(2,118)
END OF PERIOD	51,140	51,140
Series A Redeemable Preferred Units
Increase (Decrease) in Temporary Equity
BEGINNING OF PERIOD	9,815	9,815
Distributions	0	0
Declared dividend	(153)	(306)
Net income (loss)	153	306
END OF PERIOD	$ 9,815	$ 9,815

Equity - Schedule of Comprehens

Equity - Schedule of Comprehensive Income Hudson Pacific Properties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 3,388,564	$ 3,698,882	$ 3,494,172	$ 3,749,831
Unrealized gains (losses) recognized in AOCI			8,299
Reclassification from AOCI into income			(5,288)
Net change in AOCI	(121)	15,110	3,417	18,559
Ending balance	3,395,808	3,645,352	3,395,808	3,645,352
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	3,033	(8,147)	(187)	(11,272)
Net change in AOCI	(209)	14,560	3,011	17,685
Ending balance	2,824	$ 6,413	2,824	$ 6,413
Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			3,656
Unrealized gains (losses) recognized in AOCI			11,518
Reclassification from AOCI into income			(5,288)
Net change in AOCI			6,230
Ending balance	9,886		9,886
Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(3,843)
Unrealized gains (losses) recognized in AOCI			(3,219)
Reclassification from AOCI into income			0
Net change in AOCI			(3,219)
Ending balance	$ (7,062)		$ (7,062)

Equity - Schedule of Comprehe_2

Equity - Schedule of Comprehensive Income LP (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Unrealized gains (losses) recognized in AOCI			$ 8,299
Reclassification from AOCI into income			(5,288)
Net change in AOCI	$ (121)	$ 15,110	3,417	$ 18,559
Hudson Pacific Partners L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	3,388,564	3,698,882	3,494,172	3,749,831
Unrealized gains (losses) recognized in AOCI			8,706
Reclassification from AOCI into income			(5,553)
Net change in AOCI	(121)	15,110	3,417	18,559
Ending balance	3,395,808	3,645,352	3,395,808	3,645,352
Accumulated Other Comprehensive Income (Loss) | Hudson Pacific Partners L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	3,321	(8,246)	(62)	(11,460)
Net change in AOCI	(230)	14,974	3,153	18,188
Ending balance	3,091	$ 6,728	3,091	$ 6,728
Derivative Instruments | Hudson Pacific Partners L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			3,813
Unrealized gains (losses) recognized in AOCI			12,086
Reclassification from AOCI into income			(5,553)
Net change in AOCI			6,533
Ending balance	10,346		10,346
Currency Translation Adjustments | Hudson Pacific Partners L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(3,875)
Unrealized gains (losses) recognized in AOCI			(3,380)
Reclassification from AOCI into income			0
Net change in AOCI			(3,380)
Ending balance	$ (7,255)		$ (7,255)

Equity - Schedule of Non-contro

Equity - Schedule of Non-controlling interests (Details)	6 Months Ended
	Jun. 30, 2024 shares	Dec. 31, 2023 shares
Class of Stock
Company-owned common units in the operating partnership (in shares)	141,232,361	141,034,806
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)	3,126,858	2,259,464
Hudson Pacific Partners L.P.
Class of Stock
Company’s ownership interest percentage	97.50%	98%
Hudson Pacific Partners L.P. | Company-owned common units in the operating partnership
Class of Stock
Company-owned common units in the operating partnership (in shares)	141,232,361	141,034,806
Noncontrolling interest in operating partnership
Class of Stock
Non-controlling ownership interest percentage	2.50%	2%
Noncontrolling interest in operating partnership | Common units
Class of Stock
Non-controlling units in the operating partnership (in shares)	3,677,827	2,810,433
Units in the Operating Partnership
Class of Stock
Conversion ratio	1
Performance Units
Class of Stock
Conversion ratio	1

Equity - Common Stock Activity

Equity - Common Stock Activity Narrative (Details) - ATM Program	6 Months Ended
	Jun. 30, 2024 USD ($) shares
Class of Stock
Number of share authorized, value	$ 125,000,000
Sales of stock, shares issued (shares) | shares	0
Cumulative total of sales of common stock	$ 65,800,000

Equity - Share Repurchase Progr

Equity - Share Repurchase Program Narrative (Details) - Common units	6 Months Ended
	Jun. 30, 2024 USD ($) shares
Class of Stock
Stock repurchase program authorized	$ 250,000,000
Repurchase of common units (in shares) | shares	0
Repurchase of common stock, cumulative	$ 214,700,000

Equity - Series C Cumulative Re

Equity - Series C Cumulative Redeemable Preferred Stock Narrative (Details) - 4.750% Series C Cumulative Redeemable Preferred Stock - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Mar. 31, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss)
Preferred stock, outstanding (in shares)	17,000,000	17,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Interest rate of preferred stock (as a percent)	4.75%	4.75%
Liquidation preference (in dollars per share)	$ 25	$ 25
Temporary equity, dividend rate (in dollar per share)	1.1875	$ 1.1875	$ 1.1875	$ 1.1875
Liquidation preference of preferred stock (in dollars per share)	$ 25

Equity - Schedule of Dividends

Equity - Schedule of Dividends (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Class of Stock
Common stock, dividends (in dollars per share)	$ 0.05	$ 0.125	$ 0.10	$ 0.375
Common stock, dividends, cash paid (in dollars per share)	0.05	0.125	0.10	0.375
Common units, dividends (in dollars per share)	0.05	0.125	0.10	0.375
Common units, dividends, cash paid (in dollars per share)	0.05	0.125	0.10	0.375
Preferred units/stock, dividends, cash paid (in dollars per share)	0.3906	0.3906
Performance units, dividends, cash paid (in dollars per share)	0.05	0.125	0.10	0.375
Performance units, dividends (in dollars per share)	0.05	0.125	0.10	0.375
Series A preferred units
Class of Stock
Preferred units/stock, dividends (in dollars per share)	0.3906	0.3906	0.7812	0.7812
Preferred units/stock, dividends, cash paid (in dollars per share)			0.7812	0.7812
Series C preferred stock
Class of Stock
Preferred units/stock, dividends (in dollars per share)	0.296875	0.296875	0.593750	0.5937500
Preferred units/stock, dividends, cash paid (in dollars per share)	$ 0.296875	$ 0.296875	$ 0.593750	$ 0.5937500

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information
Revenues	$ 218,000	$ 245,168	$ 432,023	$ 497,431
Operating expenses	(113,256)	(111,446)	(223,312)	(222,744)
TOTAL PROFIT FROM ALL SEGMENTS	104,744	133,722	208,711	274,687
Net loss	(47,557)	(31,474)	(100,912)	(46,293)
General and administrative	20,705	18,941	40,415	37,665
Depreciation and amortization	86,798	98,935	178,652	196,074
Loss from unconsolidated real estate entities	2,481	715	3,224	1,460
Fee income	(1,371)	(2,284)	(2,496)	(4,686)
Interest expense	44,159	54,648	88,248	108,455
Interest income	(579)	(236)	(1,433)	(607)
Management services reimbursement income—unconsolidated real estate entities	(1,042)	(1,059)	(2,198)	(2,123)
Management services expense—unconsolidated real estate entities	1,042	1,059	2,198	2,123
Transaction-related expenses	(113)	(2,530)	2,037	(1,344)
Unrealized loss on non-real estate investments	1,045	843	1,943	4
Gain on sale of real estate	0	0	0	(7,046)
Gain on extinguishment of debt	0	(10,000)	0	(10,000)
Other income	(1,334)	(138)	(1,477)	(135)
Income tax provision	510	6,302	510	1,140
Office
Segment Reporting Information
Revenues	176,039	207,291	351,114	413,924
Operating expenses	(75,304)	(76,767)	(148,251)	(150,821)
TOTAL PROFIT FROM ALL SEGMENTS	100,735	130,524	202,863	263,103
Studio
Segment Reporting Information
Revenues	41,961	37,877	80,909	83,507
Operating expenses	(37,952)	(34,679)	(75,061)	(71,923)
TOTAL PROFIT FROM ALL SEGMENTS	$ 4,009	$ 3,198	$ 5,848	$ 11,584

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction
Management services reimbursement income—unconsolidated real estate entities	$ 1,042	$ 1,059	$ 2,198	$ 2,123
Operating lease right-of-use assets	363,843		363,843		$ 376,306
Operating lease liabilities	378,785		378,785		389,210
Management services expense—unconsolidated real estate entities	1,042	1,059	2,198	2,123
Related Party | Related Party Leases
Related Party Transaction
Operating lease right-of-use assets	5,500		5,500		6,200
Operating lease liabilities	5,700		5,700		$ 6,400
Management services expense—unconsolidated real estate entities	$ 300	$ 200	$ 600	$ 500

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Capital Addition Purchase Commitments
Loss Contingencies
Commitment to fund amount	$ 124.9
Revolving credit facility | Unsecured debt
Loss Contingencies
Letters of credit outstanding	4.3
Real estate technology venture capital fund
Loss Contingencies
Commitment to fund amount	51
Contributions to date	39.1
Amount remaining to be contributed	$ 11.9

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized interest	$ 78,981	$ 89,393
Non-cash investing and financing activities
Accounts payable and accrued liabilities for real estate investments	95,782	143,881
Ground lease remeasurements	0	4,111
Redemption of common units in the operating partnership	133	0
Assets recognized upon consolidation of previously unconsolidated real estate entity	197,968	0
Liabilities recognized upon consolidation of previously unconsolidated real estate entity	86,565	0
Derecognition of equity method investment upon consolidation of previously unconsolidated real estate entity	55,593	0
Hudson Pacific Partners L.P.
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized interest	78,981	89,393
Non-cash investing and financing activities
Accounts payable and accrued liabilities for real estate investments	95,782	143,881
Ground lease remeasurements	0	4,111
Redemption of common units in the operating partnership	133	0
Assets recognized upon consolidation of previously unconsolidated real estate entity	197,968	0
Liabilities recognized upon consolidation of previously unconsolidated real estate entity	86,565	0
Derecognition of equity method investment upon consolidation of previously unconsolidated real estate entity	$ 55,593	$ 0

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information - Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents
Cash and cash equivalents	$ 78,458	$ 100,391	$ 109,220	$ 255,761
Restricted cash	21,482	18,765	18,583	29,970
TOTAL	99,940	119,156	127,803	285,731
Hudson Pacific Partners L.P.
Cash and Cash Equivalents
Cash and cash equivalents	78,458	100,391	109,220	255,761
Restricted cash	21,482	18,765	18,583	29,970
TOTAL	$ 99,940	$ 119,156	$ 127,803	$ 285,731

Subsequent Events (Details)

Subsequent Events (Details) - Hollywood Media Portfolio - USD ($)	Aug. 07, 2024	Jun. 30, 2024
Interest Rate Caps | Cash Flow Hedging, Partial | Designated as hedging Instrument
Subsequent Event
Interest rate (as a percent)		5.70%
Notional amount		$ 1,100,000,000
Subsequent Event | Secured debt
Subsequent Event
Debt instrument, face amount	$ 1,100,000,000
Subsequent Event | Interest Rate Caps | Cash Flow Hedging | Designated as hedging Instrument
Subsequent Event
Interest rate (as a percent)	6.0101%
Subsequent Event | Interest Rate Caps | Cash Flow Hedging, Partial | Designated as hedging Instrument
Subsequent Event
Notional amount	$ 1,100,000,000
Subsequent Event | Interest Rate Sold Cap | Cash Flow Hedging | Designated as hedging Instrument
Subsequent Event
Fixed rate (in percent)	6.0101%
Notional amount	$ 561,000,000