Hudson Pacific Properties (HPP) 10-K 25 Feb 25 2024 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Feb. 19, 2025	Jun. 28, 2024
Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-34789
Entity Registrant Name	Hudson Pacific Properties, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	27-1430478
Entity Address, Address Line One	11601 Wilshire Blvd., Ninth Floor
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90025
City Area Code	310
Local Phone Number	445-5700
Title of each class	Common Stock, $0.01 par value
Trading Symbol(s)	HPP
Name of each exchange on which registered	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 666.1
Entity Common Stock, Shares Outstanding		141,353,435
Documents Incorporated by Reference	Portions of the proxy statement for the registrant’s 2025 Annual Meeting of Stockholders to be held May 15, 2025 are incorporated by reference in Part III of this Annual Report on Form 10-K. The proxy statement will be filed by the registrant with the United States Securities and Exchange Commission, or the SEC, not later than 120 days after the end of the registrant’s fiscal year.
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Central Index Key	0001482512
Hudson Pacific Partners, L.P.
Entity Information
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
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
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Central Index Key	0001496264

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Auditor
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	Los Angeles, California
Hudson Pacific Partners, L.P.
Auditor
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	Los Angeles, California

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Investment in real estate, at cost	$ 8,233,286	$ 8,212,896
Accumulated depreciation and amortization	(1,791,108)	(1,728,437)
Investment in real estate, net	6,442,178	6,484,459
Non-real estate property, plant and equipment, net	127,067	118,783
Cash and cash equivalents	63,256	100,391
Restricted cash	35,921	18,765
Accounts receivable, net	14,505	24,609
Straight-line rent receivables, net	199,748	220,787
Deferred leasing costs and intangible assets, net	327,514	326,950
Operating lease right-of-use assets	370,826	376,306
Prepaid expenses and other assets, net	90,114	94,145
Investment in unconsolidated real estate entities	221,468	252,711
Goodwill	156,529	264,144
Assets associated with real estate held for sale	83,113	0
TOTAL ASSETS	8,132,239	8,282,050
Liabilities
Accounts payable, accrued liabilities and other	193,861	203,736
Operating lease liabilities	380,004	389,210
Intangible liabilities, net	21,838	27,751
Security deposits, prepaid rent and other	84,708	88,734
Liabilities associated with real estate held for sale	31,117	0
Total liabilities	4,954,508	4,720,881
Commitments and contingencies (Note 21)
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	49,279	57,182
Hudson Pacific Properties, Inc. stockholders’ equity:
Common stock, $0.01 par value, 481,600,000 authorized, 141,279,102 and 141,034,806 shares outstanding at December 31, 2024 and 2023, respectively	1,403	1,403
Additional paid-in capital	2,437,484	2,651,798
Accumulated other comprehensive loss	(8,417)	(187)
Total Hudson Pacific Properties, Inc. stockholders’ equity	2,855,470	3,078,014
Total equity	3,118,637	3,494,172
TOTAL LIABILITIES AND CAPITAL	8,132,239	8,282,050
Non-controlling interest—members in consolidated real estate entities
Hudson Pacific Properties, Inc. stockholders’ equity:
Non-controlling interest	169,452	335,439
Non-controlling interest—units in the operating partnership
Hudson Pacific Properties, Inc. stockholders’ equity:
Non-controlling interest	93,715	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 December 31, 2024 and 2023	425,000	425,000
Unsecured and secured debt, net
Liabilities
Debt, net	4,176,844	3,945,314
Joint venture partner debt
Liabilities
Debt, net	$ 66,136	$ 66,136

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Preferred stock, interest rate (as a percent)	6.25%
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/units, outstanding (in shares)	141,279,102	141,034,806
4.750% Series C Cumulative Redeemable Preferred Stock
Preferred stock, interest rate (as a percent)	4.75%	4.75%
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
REVENUES
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Service And Other Revenue [Member]	Service And Other Revenue [Member]	Service And Other Revenue [Member]
Cost, Product and Service [Extensible Enumeration]	Service And Other Revenue [Member]	Service And Other Revenue [Member]	Service And Other Revenue [Member]
Revenues	$ 842,082	$ 952,297	$ 1,026,224
OPERATING EXPENSES
General and administrative	79,451	74,958	79,501
Depreciation and amortization	354,425	397,846	373,219
Total operating expenses	887,955	923,269	866,538
OTHER INCOME (EXPENSES)
(Loss) income from unconsolidated real estate entities	(7,308)	(3,902)	943
Fee income	5,269	6,181	7,972
Interest expense	(177,393)	(214,415)	(149,901)
Interest income	2,467	2,182	2,340
Management services reimbursement income—unconsolidated real estate entities	4,119	4,125	4,163
Management services expense—unconsolidated real estate entities	(4,119)	(4,125)	(4,163)
Transaction-related expenses	(2,499)	1,150	(14,356)
Unrealized loss on non-real estate investments	(3,958)	(3,120)	(1,440)
Loss (gain) on sale of real estate	(2,453)	103,202	(2,164)
Impairment loss	(149,664)	(60,158)	(28,548)
Gain on extinguishment of debt	0	10,000	0
Other income (expense)	1,647	(6)	8,951
Loss on sale of bonds	0	(34,046)	0
Total other expenses	(333,892)	(192,932)	(176,203)
Loss before income tax provision	(379,765)	(163,904)	(16,517)
Income tax provision	(1,641)	(6,796)	0
NET (LOSS) INCOME	(381,406)	(170,700)	(16,517)
Net income attributable to participating securities	(409)	(850)	(1,194)
Net loss (income) attributable to non-controlling interest in consolidated real estate entities	25,056	9,331	(23,418)
Net loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities	4,059	(12,520)	4,964
Net loss attributable to common units in the operating partnership	9,357	3,358	709
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (364,143)	$ (192,181)	$ (56,499)
BASIC AND DILUTED PER SHARE AMOUNTS
Net loss attributable to common stockholders—basic (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)
Net loss attributable to common stockholders—diluted (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)
Weighted average shares of common stock outstanding—basic (in shares)	141,192,730	140,953,088	143,732,433
Weighted average shares of common stock outstanding—diluted (in shares)	141,192,730	140,953,088	143,732,433
Series A preferred units
OTHER INCOME (EXPENSES)
Net income attributable to preferred units/share	$ (612)	$ (612)	$ (612)
Series C preferred stock
OTHER INCOME (EXPENSES)
Net income attributable to preferred units/share	(20,188)	(20,188)	(20,431)
Office
REVENUES
Rental revenues	677,620	797,095	834,408
Service and other revenues	14,656	15,280	18,292
Revenues	692,276	812,375	852,700
OPERATING EXPENSES
Operating expenses	305,649	312,018	308,668
Studio
REVENUES
Rental revenues	53,897	59,276	59,672
Service and other revenues	95,909	80,646	113,852
Revenues	149,806	139,922	173,524
OPERATING EXPENSES
Operating expenses	$ 148,430	$ 138,447	$ 105,150

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net loss	$ (381,406)	$ (170,700)	$ (16,517)
Currency translation adjustments	(7,727)	6,325	(12,375)
Net unrealized (losses) gains on derivative instruments:
Unrealized gains	9,308	9,214	621
Reclassification adjustment for realized (gains) losses	(10,090)	(4,634)	2,097
Total net (losses) gains on derivative instruments:	(782)	4,580	2,718
Total other comprehensive (loss) income	(8,509)	10,905	(9,657)
Comprehensive loss	(389,915)	(159,795)	(26,174)
Comprehensive income attributable to participating securities	(409)	(850)	(1,194)
Comprehensive loss (income) attributable to non-controlling interest in consolidated real estate entities	24,914	9,824	(23,442)
Comprehensive loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities	4,059	(12,520)	4,964
Comprehensive loss attributable to non-controlling interest in the operating partnership	9,778	3,045	879
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(372,373)	(181,096)	(66,010)
Series A preferred units
Net unrealized (losses) gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	(612)	(612)	(612)
Series C preferred stock
Net unrealized (losses) gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	$ (20,188)	$ (20,188)	$ (20,431)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Series C Cumulative Redeemable Preferred Stock	Common Stock	Additional Paid-in Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Loss	Units in the Operating Partnership	Members in Consolidated Real Estate Entities
Beginning balance at Dec. 31, 2021	$ 4,196,992	$ 425,000	$ 1,511	$ 3,317,072	$ 0	$ (1,761)	$ 52,199	$ 402,971
Beginning balance (in shares) at Dec. 31, 2021			151,124,543
Increase (Decrease) in Stockholders' Equity
Contributions	23,689							23,689
Distributions	(72,346)							(72,346)
Transaction costs	(573)			(573)
Issuance of unrestricted stock (in shares)			234,741
Issuance of unrestricted stock	0		$ 2	(2)
Shares withheld to satisfy tax withholding obligations (in shares)			(70,722)
Shares withheld to satisfy tax withholding obligations	$ (695)		$ (1)	(694)
Repurchase of common stock (in shares)	(2,100,000)		(2,105,359)
Repurchase of common stock	$ (37,206)		$ (21)	(37,185)
Accelerated repurchase of common stock (in shares)			(8,128,725)
Accelerated repurchase of common stock	(200,000)		$ (82)	(199,918)
Declared dividend	(165,858)	(20,431)		(198,016)	55,305		(2,716)
Amortization of stock-based compensation	27,650			9,283			18,367
Net income (loss)	(12,165)	20,431			(55,305)		(709)	23,418
Other comprehensive (loss) income	(9,657)					(9,511)	(170)	24
Ending balance at Dec. 31, 2022	3,749,831	425,000	$ 1,409	2,889,967	0	(11,272)	66,971	377,756
Ending balance (in shares) at Dec. 31, 2022			141,054,478
Increase (Decrease) in Stockholders' Equity
Contributions	26,480							26,480
Distributions	(58,973)							(58,973)
Issuance of unrestricted stock (in shares)			232,358
Issuance of unrestricted stock	0		$ 1	(1)
Shares withheld to satisfy tax withholding obligations (in shares)			(64,630)
Shares withheld to satisfy tax withholding obligations	$ (606)		$ (1)	(605)
Repurchase of common stock (in shares)	(200,000)		(187,400)
Repurchase of common stock	$ (1,369)		$ (6)	(1,363)
Declared dividend	(75,148)	(20,188)		(244,552)	191,331		(1,739)
Amortization of stock-based compensation	26,884			8,352			18,532
Net income (loss)	(183,832)	20,188			(191,331)		(3,358)	(9,331)
Other comprehensive (loss) income	10,905					11,085	313	(493)
Ending balance at Dec. 31, 2023	$ 3,494,172	425,000	$ 1,403	2,651,798	0	(187)	80,719	335,439
Ending balance (in shares) at Dec. 31, 2023	141,034,806		141,034,806
Increase (Decrease) in Stockholders' Equity
Contributions	$ 34,056							34,056
Distributions	(29,204)							(29,204)
Transaction costs	(79)			(79)
Purchase of non-controlling interest	(41,019)			160,499				(201,518)
Issuance of unrestricted stock (in shares)			334,287
Issuance of unrestricted stock	0		$ 1	(1)
Consolidation of previously unconsolidated real estate entity	55,593							55,593
Shares withheld to satisfy tax withholding obligations (in shares)			(96,689)
Shares withheld to satisfy tax withholding obligations	$ (571)		$ (1)	(570)
Repurchase of common stock (in shares)	0
Declared dividend	$ (35,565)	(20,188)		(378,072)	363,734		(1,039)
Amortization of stock-based compensation	27,722			3,776			23,946
Net income (loss)	(377,959)	20,188			(363,734)		(9,357)	(25,056)
Other comprehensive (loss) income	(8,509)					(8,230)	(421)	142
Redemption of common units in the operating partnership (in shares)			6,698
Redemption of common units in the operating partnership	0			133			(133)
Ending balance at Dec. 31, 2024	$ 3,118,637	$ 425,000	$ 1,403	$ 2,437,484	$ 0	$ (8,417)	$ 93,715	$ 169,452
Ending balance (in shares) at Dec. 31, 2024	141,279,102		141,279,102

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (381,406)	$ (170,700)	$ (16,517)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	354,425	397,846	373,219
Non-cash interest expense	7,738	21,867	5,154
Amortization of stock-based compensation	26,009	23,863	24,296
Income from unconsolidated real estate entities	7,308	3,902	(943)
Unrealized loss on non-real estate investments	3,958	3,120	1,440
Straight-line rents	15,104	(701)	(38,508)
Straight-line rent expense	5,121	5,118	3,198
Amortization of above- and below-market leases, net	(4,925)	(6,235)	(8,032)
Amortization of above- and below-market ground lease, net	2,626	2,752	2,731
Amortization of lease incentive costs	1,659	1,115	1,545
Distribution of income from unconsolidated real estate entities	0	0	1,243
Impairment loss	149,664	60,158	28,548
Earnout liability fair value adjustment	0	(4,300)	1,757
Loss (gain) on sale of real estate	2,453	(103,202)	2,164
Loss on sale of bonds	0	34,046	0
Gain from insurance proceeds	0	0	(1,167)
Deferred tax provision	593	6,609	0
Gain on extinguishment of debt	0	(10,000)	0
Change in operating assets and liabilities:
Accounts receivable	10,440	(5,678)	16,150
Deferred leasing costs and lease intangibles	(31,450)	(16,145)	(33,940)
Prepaid expenses and other assets	(6,651)	(10,321)	(2,240)
Accounts payable, accrued liabilities and other	4,351	(3,115)	11,718
Security deposits, prepaid rent and other	(2,360)	2,257	(2,315)
Net cash provided by operating activities	164,657	232,256	369,501
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(199,388)	(298,823)	(276,798)
Additions to non-real estate property, plant and equipment	(23,063)	(5,740)	(20,209)
Proceeds from sales of real estate	21,390	843,021	137,709
Property acquisitions	0	0	(96,459)
Acquisitions of businesses	0	0	(199,098)
Insurance proceeds for damaged property, plant and equipment	0	0	1,284
Contributions to unconsolidated real estate entities	(47,753)	(68,732)	(40,081)
Distributions from unconsolidated real estate entities	211	2,528	1,875
Cash acquired from consolidation of previously unconsolidated real estate entity	8,814	0	0
Contributions to non-real estate investments	(5,939)	(4,916)	(17,109)
Distributions from non-real estate investments	189	0	1,492
Proceeds from sale of non-real estate investment	0	503	0
Maturities of U.S. Government securities	0	0	129,300
Settlement of earnout liability	(5,000)	0	0
Net cash (used in) provided by investing activities	(250,539)	467,841	(378,094)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	180,741	382,356	1,197,556
Payments of unsecured and secured debt	(38,000)	(1,203,632)	(515,000)
Payments of in-substance defeased debt	0	0	(128,212)
Payment of loan costs	0	(839)	(1,573)
Repurchases of common stock	0	(1,369)	(37,206)
Transaction costs	(79)	0	(573)
Accelerated share repurchase	0	0	(200,000)
Dividends paid to common stock and unitholders	(15,377)	(54,960)	(145,427)
Dividends paid to preferred stock and unitholders	(20,800)	(20,800)	(23,324)
Contributions from redeemable non-controlling members in consolidated real estate entities	88	2,025	575
Distributions to redeemable non-controlling members in consolidated real estate entities	(3,932)	(82,407)	(16)
Contributions from non-controlling members in consolidated real estate entities	34,056	26,480	23,689
Distributions to non-controlling members in consolidated real estate entities	(29,204)	(58,973)	(72,346)
Purchase of non-controlling interest	(41,019)	0	0
Proceeds from sale of bonds	0	145,535	0
Payments to satisfy tax withholding obligations	(571)	(88)	(695)
Net cash provided by (used in) financing activities	65,903	(866,672)	97,448
Net (decrease) increase in cash and cash equivalents and restricted cash	(19,979)	(166,575)	88,855
Cash and cash equivalents and restricted cash—beginning of period	119,156	285,731	196,876
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	$ 99,177	$ 119,156	$ 285,731

CONSOLIDATED BALANCE SHEETS L.P

CONSOLIDATED BALANCE SHEETS L.P. - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Investment in real estate, at cost	$ 8,233,286	$ 8,212,896
Accumulated depreciation and amortization	(1,791,108)	(1,728,437)
Investment in real estate, net	6,442,178	6,484,459
Non-real estate property, plant and equipment, net	127,067	118,783
Cash and cash equivalents	63,256	100,391
Restricted cash	35,921	18,765
Accounts receivable, net	14,505	24,609
Straight-line rent receivables, net	199,748	220,787
Deferred leasing costs and intangible assets, net	327,514	326,950
Operating lease right-of-use assets	370,826	376,306
Prepaid expenses and other assets, net	90,114	94,145
Investment in unconsolidated real estate entities	221,468	252,711
Goodwill	156,529	264,144
Assets associated with real estate held for sale	83,113	0
TOTAL ASSETS	8,132,239	8,282,050
Liabilities
Accounts payable, accrued liabilities and other	193,861	203,736
Operating lease liabilities	380,004	389,210
Intangible liabilities, net	21,838	27,751
Security deposits, prepaid rent and other	84,708	88,734
Liabilities associated with real estate held for sale	31,117	0
Total liabilities	4,954,508	4,720,881
Commitments and contingencies (Note 21)
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	49,279	57,182
Hudson Pacific Properties, L.P. partners’ capital:
Accumulated other comprehensive loss	(8,417)	(187)
TOTAL LIABILITIES AND CAPITAL	8,132,239	8,282,050
Unsecured and secured debt, net
Liabilities
Debt, net	4,176,844	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	8,233,286	8,212,896
Accumulated depreciation and amortization	(1,791,108)	(1,728,437)
Investment in real estate, net	6,442,178	6,484,459
Non-real estate property, plant and equipment, net	127,067	118,783
Cash and cash equivalents	63,256	100,391
Restricted cash	35,921	18,765
Accounts receivable, net	14,505	24,609
Straight-line rent receivables, net	199,748	220,787
Deferred leasing costs and intangible assets, net	327,514	326,950
Operating lease right-of-use assets	370,826	376,306
Prepaid expenses and other assets, net	90,114	94,145
Investment in unconsolidated real estate entities	221,468	252,711
Goodwill	156,529	264,144
Assets associated with real estate held for sale	83,113	0
TOTAL ASSETS	8,132,239	8,282,050
Liabilities
Accounts payable, accrued liabilities and other	193,861	203,736
Operating lease liabilities	380,004	389,210
Intangible liabilities, net	21,838	27,751
Security deposits, prepaid rent and other	84,708	88,734
Liabilities associated with real estate held for sale	31,117	0
Total liabilities	4,954,508	4,720,881
Commitments and contingencies (Note 21)
Redeemable preferred units of the operating partnership	9,815	9,815
Redeemable non-controlling interest in consolidated real estate entities	49,279	57,182
Hudson Pacific Properties, L.P. partners’ capital:
Common units, 145,075,448 and 143,845,239 outstanding at December 31, 2024 and 2023, respectively	2,532,898	2,733,795
Accumulated other comprehensive loss	(8,713)	(62)
Total Hudson Pacific Properties, L.P. partners’ capital	2,949,185	3,158,733
Non-controlling interest—members in consolidated real estate entities	169,452	335,439
Total capital	3,118,637	3,494,172
TOTAL LIABILITIES AND CAPITAL	8,132,239	8,282,050
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 December 31, 2024 and 2023	425,000	425,000
Hudson Pacific Partners, L.P. | Unsecured and secured debt, net
Liabilities
Debt, net	4,176,844	3,945,314
Hudson Pacific Partners, L.P. | Joint venture partner debt
Liabilities
Debt, net	$ 66,136	$ 66,136

CONSOLIDATED BALANCE SHEETS L_2

CONSOLIDATED BALANCE SHEETS L.P. (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Common Stock:
Preferred stock, interest rate (as a percent)	6.25%
Common stock/units, outstanding (in shares)	141,279,102	141,034,806
4.750% Series C Cumulative Redeemable Preferred Stock
Common Stock:
Preferred stock, interest rate (as a percent)	4.75%	4.75%
Preferred stock, 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 stock/units, outstanding (in shares)	145,075,448	143,845,239
Hudson Pacific Partners, L.P. | 4.750% Series C Cumulative Redeemable Preferred Stock
Common Stock:
Preferred stock, interest rate (as a percent)	4.75%	4.75%
Preferred stock, 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
REVENUES
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Service And Other Revenue [Member]	Service And Other Revenue [Member]	Service And Other Revenue [Member]
Cost, Product and Service [Extensible Enumeration]	Service And Other Revenue [Member]	Service And Other Revenue [Member]	Service And Other Revenue [Member]
Revenues	$ 842,082	$ 952,297	$ 1,026,224
OPERATING EXPENSES
General and administrative	79,451	74,958	79,501
Depreciation and amortization	354,425	397,846	373,219
Total operating expenses	887,955	923,269	866,538
OTHER INCOME (EXPENSES)
(Loss) income from unconsolidated real estate entities	(7,308)	(3,902)	943
Fee income	5,269	6,181	7,972
Interest expense	(177,393)	(214,415)	(149,901)
Interest income	2,467	2,182	2,340
Management services reimbursement income—unconsolidated real estate entities	4,119	4,125	4,163
Management services expense—unconsolidated real estate entities	(4,119)	(4,125)	(4,163)
Transaction-related expenses	(2,499)	1,150	(14,356)
Unrealized loss on non-real estate investments	(3,958)	(3,120)	(1,440)
(Loss) gain on sale of real estate	(2,453)	103,202	(2,164)
Impairment loss	(149,664)	(60,158)	(28,548)
Gain on extinguishment of debt	0	10,000	0
Other income (expense)	1,647	(6)	8,951
Loss on sale of bonds	0	(34,046)	0
Total other expenses	(333,892)	(192,932)	(176,203)
Loss before income tax provision	(379,765)	(163,904)	(16,517)
Income tax provision	(1,641)	(6,796)	0
NET (LOSS) INCOME	(381,406)	(170,700)	(16,517)
Net loss (income) attributable to non-controlling interest in consolidated real estate entities	25,056	9,331	(23,418)
Net loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities	4,059	(12,520)	4,964
Net income attributable to participating securities	(409)	(850)	(1,194)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(364,143)	(192,181)	(56,499)
Series A preferred units
OTHER INCOME (EXPENSES)
Net income attributable to preferred units/share	(612)	(612)	(612)
Series C preferred stock
OTHER INCOME (EXPENSES)
Net income attributable to preferred units/share	(20,188)	(20,188)	(20,431)
Office
REVENUES
Rental revenues	677,620	797,095	834,408
Service and other revenues	14,656	15,280	18,292
Revenues	692,276	812,375	852,700
OPERATING EXPENSES
Operating expenses	305,649	312,018	308,668
Studio
REVENUES
Rental revenues	53,897	59,276	59,672
Service and other revenues	95,909	80,646	113,852
Revenues	149,806	139,922	173,524
OPERATING EXPENSES
Operating expenses	$ 148,430	$ 138,447	$ 105,150
Hudson Pacific Partners, L.P.
REVENUES
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Service And Other Revenue [Member]	Service And Other Revenue [Member]	Service And Other Revenue [Member]
Cost, Product and Service [Extensible Enumeration]	Service And Other Revenue [Member]	Service And Other Revenue [Member]	Service And Other Revenue [Member]
Revenues	$ 842,082	$ 952,297	$ 1,026,224
OPERATING EXPENSES
General and administrative	79,451	74,958	79,501
Depreciation and amortization	354,425	397,846	373,219
Total operating expenses	887,955	923,269	866,538
OTHER INCOME (EXPENSES)
(Loss) income from unconsolidated real estate entities	(7,308)	(3,902)	943
Fee income	5,269	6,181	7,972
Interest expense	(177,393)	(214,415)	(149,901)
Interest income	2,467	2,182	2,340
Management services reimbursement income—unconsolidated real estate entities	4,119	4,125	4,163
Management services expense—unconsolidated real estate entities	(4,119)	(4,125)	(4,163)
Transaction-related expenses	(2,499)	1,150	(14,356)
Unrealized loss on non-real estate investments	(3,958)	(3,120)	(1,440)
(Loss) gain on sale of real estate	(2,453)	103,202	(2,164)
Impairment loss	(149,664)	(60,158)	(28,548)
Gain on extinguishment of debt	0	10,000	0
Other income (expense)	1,647	(6)	8,951
Loss on sale of bonds	0	(34,046)	0
Total other expenses	(333,892)	(192,932)	(176,203)
Loss before income tax provision	(379,765)	(163,904)	(16,517)
Income tax provision	(1,641)	(6,796)	0
NET (LOSS) INCOME	(381,406)	(170,700)	(16,517)
Net loss (income) attributable to non-controlling interest in consolidated real estate entities	25,056	9,331	(23,418)
Net loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities	4,059	(12,520)	4,964
Net (loss) income attributable to Hudson Pacific Properties, L.P.	(352,291)	(173,889)	(34,971)
Net income attributable to participating securities	(409)	(850)	(1,194)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (373,500)	$ (195,539)	$ (57,208)
BASIC AND DILUTED PER UNIT AMOUNTS
Net loss attributable to common unitholders—basic (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)
Net loss attributable to common unitholders—diluted (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)
Weighted average shares of common units outstanding - basic (in shares)	144,793,957	143,421,154	145,580,928
Weighted average shares of common units outstanding - diluted (in shares)	144,793,957	143,421,154	145,580,928
Hudson Pacific Partners, L.P. | Series A preferred units
OTHER INCOME (EXPENSES)
Net income attributable to preferred units/share	$ (612)	$ (612)	$ (612)
Hudson Pacific Partners, L.P. | Series C preferred stock
OTHER INCOME (EXPENSES)
Net income attributable to preferred units/share	(20,188)	(20,188)	(20,431)
Hudson Pacific Partners, L.P. | Office
REVENUES
Rental revenues	677,620	797,095	834,408
Service and other revenues	14,656	15,280	18,292
Revenues	692,276	812,375	852,700
OPERATING EXPENSES
Operating expenses	305,649	312,018	308,668
Hudson Pacific Partners, L.P. | Studio
REVENUES
Rental revenues	53,897	59,276	59,672
Service and other revenues	95,909	80,646	113,852
Revenues	149,806	139,922	173,524
OPERATING EXPENSES
Operating expenses	$ 148,430	$ 138,447	$ 105,150

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS L.P. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net loss	$ (381,406)	$ (170,700)	$ (16,517)
Currency translation adjustments	(7,727)	6,325	(12,375)
Net unrealized (losses) gains on derivative instruments:
Unrealized gains	9,308	9,214	621
Reclassification adjustment for realized (gains) losses	(10,090)	(4,634)	2,097
Total net (losses) gains on derivative instruments:	(782)	4,580	2,718
Total other comprehensive (loss) income	(8,509)	10,905	(9,657)
Comprehensive loss	(389,915)	(159,795)	(26,174)
Comprehensive income attributable to participating securities	(409)	(850)	(1,194)
Comprehensive loss (income) attributable to non-controlling interest in consolidated real estate entities	24,914	9,824	(23,442)
Comprehensive loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities	4,059	(12,520)	4,964
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(372,373)	(181,096)	(66,010)
Series A preferred units
Net unrealized (losses) gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	(612)	(612)	(612)
Series C preferred stock
Net unrealized (losses) gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	(20,188)	(20,188)	(20,431)
Hudson Pacific Partners, L.P.
Net loss	(381,406)	(170,700)	(16,517)
Currency translation adjustments	(7,727)	6,325	(12,375)
Net unrealized (losses) gains on derivative instruments:
Unrealized gains	9,308	9,214	621
Reclassification adjustment for realized (gains) losses	(10,090)	(4,634)	2,097
Total net (losses) gains on derivative instruments:	(782)	4,580	2,718
Total other comprehensive (loss) income	(8,509)	10,905	(9,657)
Comprehensive loss	(389,915)	(159,795)	(26,174)
Comprehensive income attributable to participating securities	(409)	(850)	(1,194)
Comprehensive loss (income) attributable to non-controlling interest in consolidated real estate entities	24,914	9,824	(23,442)
Comprehensive loss (income) attributable to redeemable non-controlling interest in consolidated real estate entities	4,059	(12,520)	4,964
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(382,151)	(184,141)	(66,889)
Hudson Pacific Partners, L.P. | Series A preferred units
Net unrealized (losses) gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	(612)	(612)	(612)
Hudson Pacific Partners, L.P. | Series C preferred stock
Net unrealized (losses) gains on derivative instruments:
Comprehensive income attributable to preferred units/stock	$ (20,188)	$ (20,188)	$ (20,431)

CONSOLIDATED STATEMENTS OF CAPI

CONSOLIDATED STATEMENTS OF CAPITAL L.P. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Increase (Decrease) in Partners' Capital
Beginning balance (in shares)	141,034,806
Contributions	$ 34,056	$ 26,480	$ 23,689
Distributions	(29,204)	(58,973)	(72,346)
Transaction costs	(79)		(573)
Purchase of non-controlling interest	(41,019)
Consolidation of previously unconsolidated real estate entity	55,593
Units withheld to satisfy tax withholding obligations	$ (571)	$ (606)	$ (695)
Repurchase of common units (in shares)	0	(200,000)	(2,100,000)
Repurchase of common units		$ (1,369)	$ (37,206)
Declared distributions	$ (35,565)	(75,148)	(165,858)
Amortization of unit-based compensation	27,722	26,884	27,650
Other comprehensive (loss) income	$ (8,509)	$ 10,905	(9,657)
Ending balance (in shares)	141,279,102	141,034,806
Hudson Pacific Partners, L.P.
Increase (Decrease) in Partners' Capital
Beginning balance	$ 3,494,172	$ 3,749,831	4,196,992
Beginning balance (in shares)	143,845,239
Contributions	$ 34,056	26,480	23,689
Distributions	(29,204)	(58,973)	(72,346)
Transaction costs	(79)		(573)
Purchase of non-controlling interest	(41,019)
Consolidation of previously unconsolidated real estate entity	55,593
Units withheld to satisfy tax withholding obligations	(571)	(606)	(695)
Repurchase of common units		(1,369)	(237,206)
Declared distributions	(35,565)	(75,148)	(165,858)
Amortization of unit-based compensation	27,722	26,884	27,650
Net income (loss)	(377,959)	(183,832)	(12,165)
Other comprehensive (loss) income	(8,509)	10,905	(9,657)
Ending balance	$ 3,118,637	$ 3,494,172	3,749,831
Ending balance (in shares)	145,075,448	143,845,239
Total Partners’ Capital | Hudson Pacific Partners, L.P.
Increase (Decrease) in Partners' Capital
Beginning balance	$ 3,158,733	$ 3,372,075	3,794,021
Transaction costs	(79)		(573)
Purchase of non-controlling interest	160,499
Units withheld to satisfy tax withholding obligations	(571)	(606)	(695)
Repurchase of common units		(1,369)	(237,206)
Declared distributions	(35,565)	(75,148)	(165,858)
Amortization of unit-based compensation	27,722	26,884	27,650
Net income (loss)	(352,903)	(174,501)	(35,583)
Other comprehensive (loss) income	(8,651)	11,398	(9,681)
Ending balance	2,949,185	3,158,733	3,372,075
Preferred Units | Hudson Pacific Partners, L.P.
Increase (Decrease) in Partners' Capital
Beginning balance	425,000	425,000	425,000
Declared distributions	(20,188)	(20,188)	(20,431)
Net income (loss)	20,188	20,188	20,431
Ending balance	425,000	425,000	425,000
Common Stock | Hudson Pacific Partners, L.P.
Increase (Decrease) in Partners' Capital
Beginning balance	$ 2,733,795	$ 2,958,535	$ 3,370,800
Beginning balance (in shares)	143,845,239	143,246,320	152,967,441
Transaction costs	$ (79)		$ (573)
Purchase of non-controlling interest	$ 160,499
Issuance of unrestricted stock (in shares)	1,326,898	850,949	583,685
Units withheld to satisfy tax withholding obligations (in shares)	(96,689)	(64,630)	(70,722)
Units withheld to satisfy tax withholding obligations	$ (571)	$ (606)	$ (695)
Repurchase of common units (in shares)		(187,400)	(10,234,084)
Repurchase of common units		$ (1,369)	$ (237,206)
Declared distributions	(15,377)	(54,960)	(145,427)
Amortization of unit-based compensation	27,722	26,884	27,650
Net income (loss)	(373,091)	(194,689)	(56,014)
Ending balance	$ 2,532,898	$ 2,733,795	$ 2,958,535
Ending balance (in shares)	145,075,448	143,845,239	143,246,320
Accumulated Other Comprehensive (Loss) Income | Hudson Pacific Partners, L.P.
Increase (Decrease) in Partners' Capital
Beginning balance	$ (62)	$ (11,460)	$ (1,779)
Other comprehensive (loss) income	(8,651)	11,398	(9,681)
Ending balance	(8,713)	(62)	(11,460)
Non-controlling Interest— Members in Consolidated Real Estate Entities | Hudson Pacific Partners, L.P.
Increase (Decrease) in Partners' Capital
Beginning balance	335,439	377,756	402,971
Contributions	34,056	26,480	23,689
Distributions	(29,204)	(58,973)	(72,346)
Purchase of non-controlling interest	(201,518)
Consolidation of previously unconsolidated real estate entity	55,593
Net income (loss)	(25,056)	(9,331)	23,418
Other comprehensive (loss) income	142	(493)	24
Ending balance	$ 169,452	$ 335,439	$ 377,756

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS L.P. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (381,406)	$ (170,700)	$ (16,517)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	354,425	397,846	373,219
Non-cash interest expense	7,738	21,867	5,154
Amortization of stock-based compensation	26,009	23,863	24,296
Loss (income) from unconsolidated real estate entities	7,308	3,902	(943)
Unrealized loss on non-real estate investments	3,958	3,120	1,440
Straight-line rents	15,104	(701)	(38,508)
Straight-line rent expense	5,121	5,118	3,198
Amortization of above- and below-market leases, net	(4,925)	(6,235)	(8,032)
Amortization of above- and below-market ground lease, net	2,626	2,752	2,731
Amortization of lease incentive costs	1,659	1,115	1,545
Distribution of income from unconsolidated real estate entities	0	0	1,243
Impairment loss	149,664	60,158	28,548
Earnout liability fair value adjustment	0	(4,300)	1,757
Loss (gain) on sale of real estate	2,453	(103,202)	2,164
Loss on sale of bonds	0	34,046	0
Gain from insurance proceeds	0	0	(1,167)
Deferred tax provision	593	6,609	0
Gain on extinguishment of debt	0	(10,000)	0
Change in operating assets and liabilities:
Accounts receivable	10,440	(5,678)	16,150
Deferred leasing costs and lease intangibles	(31,450)	(16,145)	(33,940)
Prepaid expenses and other assets	(6,651)	(10,321)	(2,240)
Accounts payable, accrued liabilities and other	4,351	(3,115)	11,718
Security deposits, prepaid rent and other	(2,360)	2,257	(2,315)
Net cash provided by operating activities	164,657	232,256	369,501
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(199,388)	(298,823)	(276,798)
Additions to non-real estate property, plant and equipment	(23,063)	(5,740)	(20,209)
Proceeds from sales of real estate	21,390	843,021	137,709
Property acquisitions	0	0	(96,459)
Acquisitions of businesses	0	0	(199,098)
Insurance proceeds for damaged property, plant and equipment	0	0	1,284
Contributions to unconsolidated real estate entities	(47,753)	(68,732)	(40,081)
Distributions from unconsolidated real estate entities	211	2,528	1,875
Cash acquired from consolidation of previously unconsolidated real estate entity	8,814	0	0
Contributions to non-real estate investments	(5,939)	(4,916)	(17,109)
Distributions from non-real estate investments	189	0	1,492
Proceeds from sale of non-real estate investment	0	503	0
Maturities of U.S. Government securities	0	0	129,300
Settlement of earnout liability	(5,000)	0	0
Net cash (used in) provided by investing activities	(250,539)	467,841	(378,094)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	180,741	382,356	1,197,556
Payments of unsecured and secured debt	(38,000)	(1,203,632)	(515,000)
Payments of in-substance defeased debt	0	0	(128,212)
Transaction costs	(79)	0	(573)
Repurchases of common stock	0	(1,369)	(37,206)
Dividends paid to common stock and unitholders	(15,377)	(54,960)	(145,427)
Dividends paid to preferred stock and unitholders	(20,800)	(20,800)	(23,324)
Contributions from redeemable non-controlling members in consolidated real estate entities	88	2,025	575
Distributions to redeemable non-controlling members in consolidated real estate entities	(3,932)	(82,407)	(16)
Contributions from non-controlling members in consolidated real estate entities	34,056	26,480	23,689
Purchase of non-controlling interest	(41,019)	0	0
Distributions to non-controlling members in consolidated real estate entities	(29,204)	(58,973)	(72,346)
Proceeds from sale of bonds	0	145,535	0
Payments to satisfy tax withholding obligations	(571)	(88)	(695)
Payment of loan costs	0	(839)	(1,573)
Net cash provided by (used in) financing activities	65,903	(866,672)	97,448
Net (decrease) increase in cash and cash equivalents and restricted cash	(19,979)	(166,575)	88,855
Cash and cash equivalents and restricted cash—beginning of period	119,156	285,731	196,876
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	99,177	119,156	285,731
Hudson Pacific Partners, L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	(381,406)	(170,700)	(16,517)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	354,425	397,846	373,219
Non-cash interest expense	7,738	21,867	5,154
Amortization of stock-based compensation	26,009	23,863	24,296
Loss (income) from unconsolidated real estate entities	7,308	3,902	(943)
Unrealized loss on non-real estate investments	3,958	3,120	1,440
Straight-line rents	15,104	(701)	(38,508)
Straight-line rent expense	5,121	5,118	3,198
Amortization of above- and below-market leases, net	(4,925)	(6,235)	(8,032)
Amortization of above- and below-market ground lease, net	2,626	2,752	2,731
Amortization of lease incentive costs	1,659	1,115	1,545
Distribution of income from unconsolidated real estate entities	0	0	1,243
Impairment loss	149,664	60,158	28,548
Earnout liability fair value adjustment	0	(4,300)	1,757
Loss (gain) on sale of real estate	2,453	(103,202)	2,164
Loss on sale of bonds	0	34,046	0
Gain from insurance proceeds	0	0	(1,167)
Deferred tax provision	593	6,609	0
Gain on extinguishment of debt	0	(10,000)	0
Change in operating assets and liabilities:
Accounts receivable	10,440	(5,678)	16,150
Deferred leasing costs and lease intangibles	(31,450)	(16,145)	(33,940)
Prepaid expenses and other assets	(6,651)	(10,321)	(2,240)
Accounts payable, accrued liabilities and other	4,351	(3,115)	11,718
Security deposits, prepaid rent and other	(2,360)	2,257	(2,315)
Net cash provided by operating activities	164,657	232,256	369,501
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(199,388)	(298,823)	(276,798)
Additions to non-real estate property, plant and equipment	(23,063)	(5,740)	(20,209)
Proceeds from sales of real estate	21,390	843,021	137,709
Property acquisitions	0	0	(96,459)
Acquisitions of businesses	0	0	(199,098)
Insurance proceeds for damaged property, plant and equipment	0	0	1,284
Contributions to unconsolidated real estate entities	(47,753)	(68,732)	(40,081)
Distributions from unconsolidated real estate entities	211	2,528	1,875
Cash acquired from consolidation of previously unconsolidated real estate entity	8,814	0	0
Contributions to non-real estate investments	(5,939)	(4,916)	(17,109)
Distributions from non-real estate investments	189	0	1,492
Proceeds from sale of non-real estate investment	0	503	0
Maturities of U.S. Government securities	0	0	129,300
Settlement of earnout liability	(5,000)	0	0
Net cash (used in) provided by investing activities	(250,539)	467,841	(378,094)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt	180,741	382,356	1,197,556
Payments of unsecured and secured debt	(38,000)	(1,203,632)	(515,000)
Payments of in-substance defeased debt	0	0	(128,212)
Transaction costs	(79)	0	(573)
Repurchases of common stock	0	(1,369)	(237,206)
Dividends paid to common stock and unitholders	(15,377)	(54,960)	(145,427)
Dividends paid to preferred stock and unitholders	(20,800)	(20,800)	(23,324)
Contributions from redeemable non-controlling members in consolidated real estate entities	88	2,025	575
Distributions to redeemable non-controlling members in consolidated real estate entities	(3,932)	(82,407)	(16)
Contributions from non-controlling members in consolidated real estate entities	34,056	26,480	23,689
Purchase of non-controlling interest	(41,019)	0	0
Distributions to non-controlling members in consolidated real estate entities	(29,204)	(58,973)	(72,346)
Proceeds from sale of bonds	0	145,535	0
Payments to satisfy tax withholding obligations	(571)	(88)	(695)
Payment of loan costs	0	(839)	(1,573)
Net cash provided by (used in) financing activities	65,903	(866,672)	97,448
Net (decrease) increase in cash and cash equivalents and restricted cash	(19,979)	(166,575)	88,855
Cash and cash equivalents and restricted cash—beginning of period	119,156	285,731	196,876
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	$ 99,177	$ 119,156	$ 285,731

Organization

Organization	12 Months Ended
	Dec. 31, 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 following table summarizes the Company’s portfolio as of December 31, 2024: Segments Number of Properties Square Feet (unaudited) Consolidated portfolio Office 44 13,092,596 Studio 4 1,477,412 Future development 5 1,616,242 Total consolidated portfolio 53 16,186,250 Unconsolidated portfolio (1) Office (2) 1 1,537,159 Studio (3) 1 232,000 Future development (4) 2 1,617,347 Total unconsolidated portfolio 4 3,386,506 TOTAL 57 19,572,756 _________________ 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. 4. Includes land for the Burrard Exchange and Sunset Waltham Cross Studios. Concentrations As of December 31, 2024, the Company’s office properties were located in Los Angeles, the San Francisco Bay Area, Seattle, and Vancouver, British Columbia. The Company’s owned studio properties were primarily located in Los Angeles and New York. 68.7% of the square feet in the Company’s consolidated and unconsolidated portfolio is located in California, which exposes the Company to greater economic risks than if it owned a more geographically dispersed portfolio. A significant portion of the Company’s rental revenue is derived from tenants in the technology and media and entertainment industries. As of December 31, 2024, approximately 21.1% and 17.6% of consolidated and unconsolidated rentable square feet, excluding our under construction and future development pipeline, were related to the tenants in the technology and media and entertainment industries, respectively. As of December 31, 2024, the Company’s 15 largest tenants represented approximately 26.9% of consolidated and unconsolidated rentable square feet. No single tenant accounted for more than 10%. For the year ended December 31, 2024, no single tenant accounted for more than 10% of the Company’s revenue for the office segment, and Netflix, Inc. represented 19.3% of the Company’s revenue for the studio segment.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 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”). Any references to the number of properties, acres and square footage are unaudited and outside the scope of the Company’s independent registered public accounting firm’s audit of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board (“PCAOB”). Principles of Consolidation The 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 December 31, 2024, the Company has determined that its operating partnership and 20 joint ventures met the definition of a VIE. 14 of these joint ventures are consolidated and six are unconsolidated. Consolidated Joint Ventures In the first quarter of 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, before certain credits, prorations and closing costs. Following the transaction, the Company owns 100% of the ownership interests in Hudson 1455 Market, L.P. In the second quarter of 2024, the Company completed its 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 the second quarter, this investment is no longer accounted for 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 . As a result, the Company recognized on its Consolidated Balance Sheet identifiable assets of $198.0 million, assumed liabilities of $86.6 million and noncontrolling interest of $55.6 million. No gain or loss was recognized upon initial consolidation as the fair value of the newly consolidated net assets approximated the carrying value of the previous equity method investment. As of December 31, 2024, the operating partnership has determined that 14 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 % Sun Valley Services, LLC None (4) 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 is the taxable REIT subsidiary (“TRS”) which 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 are the TRS subsidiaries related to Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios, 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. 4. Sun Valley Services, LLC is the TRS related to Sunset Glenoaks studios . As of December 31, 2024 and 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 December 31, 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. On August 28, 2023, the Company entered into a joint venture with subsidiaries of Blackstone Property Partners and Vornado Realty Trust to develop Sunset Pier 94 Studios in the borough of Manhattan in New York, New York. The Company owns approximately 26% of the ownership interests in the joint venture. 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) income 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 6 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 assets acquired and liabilities assumed in business combination transactions, the fair values of its goodwill and intangible assets, 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. Acquisitions The Company evaluates each acquisition to determine if the integrated set of assets and activities acquired meets the definition of a business and needs to be accounted for as a business combination in accordance with ASC 805. An integrated set of assets and activities would fail to qualify as a business if either (i) substantially all of the fair value of the gross assets acquired is concentrated in either a single identifiable asset or a group of similar identifiable assets or (ii) the integrated set of assets and activities is lacking, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs (i.e., revenue generated before and after the transaction). Acquisitions of real estate will generally not meet the definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e., land, buildings and improvements and related intangible assets or liabilities) or because the acquisition does not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. When the Company acquires properties that are considered asset acquisitions, the purchase price is allocated based on relative fair value of the assets acquired and liabilities assumed. There is no measurement period concept for asset acquisitions, with the purchase price accounting being final in the period of acquisition. Additionally, acquisition-related expenses associated with asset acquisitions are capitalized as part of the purchase price. The Company assesses fair value based on Level 2 and Level 3 inputs within the fair value framework, which includes estimated cash flow projections that utilize appropriate discount, capitalization rates, renewal probability and available market information, which includes market rental rate and market rent growth rates. Estimates of future cash flows are based on a number of factors, including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it were vacant. The fair values of acquired “above- and below-” market leases are based on the estimated cash flow projections utilizing discount rates that reflect the risks associated with the leases acquired. The amount recorded is based on the present value of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the extended below-market term for any leases with below-market renewal options. Other intangible assets acquired include amounts for in-place lease values that are based on the Company’s evaluation of the specific characteristics of each tenant’s lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes estimates of lost rents at market rates during the hypothetical expected lease-up periods, which are dependent on local market conditions. In estimating costs to execute similar leases, the Company considers commissions, legal and other leasing-related costs. The fair value of debt assumed is based on the estimated cash flow projections utilizing interest rates available for the issuance of debt with similar terms and remaining maturities. Business Combinations From time to time, we may enter into business combinations. In accordance with ASC 805, 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. Acquired intangible assets are valued using different methods under the income approach, including the excess earnings method for customer relationships, the relief-from-royalty method for trade names, and the lost profits method for non-compete agreements. The fair values of acquired “above- and below-” market leases are estimated based on the present value of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the extended below-market term for any leases with below-market renewal options. Acquired property, plant and equipment is valued using the cost approach, including consideration of reproduction or replacement costs, economic depreciation and obsolescence. We measure goodwill as the excess of consideration transferred over the net of the acquisition date fair values of the identifiable assets acquired and liabilities assumed. Goodwill is assigned to each reporting unit that is expected to benefit from the synergies of the business combination. Acquisition-related expenses and transaction costs associated with business combinations are expensed in the period incurred which is included in the transaction-related expenses line item of the Consolidated Statements of Operations. The acquisition method of accounting requires us to make significant estimates and assumptions regarding the fair value of the identifiable assets and liabilities of the acquired entity on the acquisition date. The Company estimates the fair value using observable inputs classified as Level 2 and unobservable inputs classified as Level 3 of the fair value hierarchy. Significant estimates and assumptions include subjective and/or complex judgments regarding items such as revenue growth rates, long-term growth rates, discount rates, customer retention rates, royalty rates, market rental rates and other factors, including estimating future cash flows that we expect to generate from the acquired assets. The acquisition method of accounting also requires us to refine these estimates over a measurement period not to exceed one year to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. If we are required to adjust provisional amounts that we have recorded for the fair values of assets and liabilities in connection with acquisitions, these adjustments could have a material impact on our financial condition and results of operations. If the subsequent actual results and updated projections of the underlying business activity change compared with the assumptions and projections used to develop these values, we could record future impairment charges. Investment in Real Estate Properties Cost Capitalization The Company capitalizes costs associated with development and redevelopment activities, capital improvements, tenant improvements and leasing activity. Costs associated with development and redevelopment that are capitalized include interest, property taxes, insurance and other costs directly related and essential to the acquisition, development or construction of a real estate project. Indirect development costs, including salaries and benefits, office rent, and associated costs for those individuals directly responsible for and who spend their time on development activities are also capitalized and allocated to the projects to which they relate. Construction and development costs are capitalized while substantial activities are ongoing to prepare an asset for its intended use. The Company considers a construction project as substantially complete and held available for occupancy upon the completion of tenant improvements but no later than one year after cessation of major construction activity. Costs incurred after a project is substantially complete and ready for its intended use, or after development activities have ceased, are expensed as they are incurred. Costs previously capitalized that related to abandoned acquisitions or developments are charged to earnings. Expenditures for repairs and maintenance are expensed as they are incurred. The Company recognized the following capitalized costs associated with development and redevelopment activities: Year Ended December 31, 2024 2023 2022 Capitalized personnel costs $ 13,692 $ 16,496 $ 18,098 Capitalized interest $ 40,367 $ 32,253 $ 18,031 Operating Properties The properties are generally carried at cost, less accumulated depreciation and amortization. The Company computes depreciation and amortization using the straight-line method over the estimated useful lives of the assets as represented in the table below: Asset Description Estimated Useful Life (Years) Building and improvements Shorter of the ground lease term or 39 Land improvements 15 Furniture and fixtures 5 to 7 Tenant and leasehold improvements Shorter of the estimated useful life or the lease term The Company amortizes above- and below-market lease intangibles over the remaining non-cancellable lease terms and bargain renewal periods, if applicable. The in-place lease intangibles are amortized over the remaining non-cancellable lease term. When tenants vacate prior to the expiration of a lease, the amortization of intangible assets and liabilities is accelerated. The Company amortizes above- and below-market ground lease intangibles over the remaining non-cancellable lease terms. Held for Sale The Company classifies properties as held for sale when certain criteria set forth in ASC 360, Property, Plant, and Equipment , are met. These criteria include (i) whether the Company is committed to a plan to sell, (ii) whether the asset or disposal group is available for immediate sale, (iii) whether an active program to locate a buyer and other actions required to complete the plan to sell have been initiated, (iv) whether the sale of the asset or disposal group is probable (i.e., likely to occur) and the transfer is expected to qualify for recognition as a completed sale within one year, (v) whether the long-lived asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value, (vi) whether actions necessary to complete the plan indicate that it is unlikely significant changes to the plan will be made or that the plan will be withdrawn. At the time a property is classified as held for sale, the Company reclassifies its assets and liabilities to held for sale on the Consolidated Balance Sheets for all periods presented and ceases recognizing depreciation expense. Properties held for sale are reported at the lower of their carrying value or their estimated fair value, less estimated costs to sell. The estimated fair value is generally based on a purchase and sale agreement, letter of intent, or a broker estimated value of the property. The Company will recognize an impairment loss on real estate assets held for sale when the carrying value is greater than the fair value, which is based on the estimated sales price of the property, which is classified within Level 2 of the fair value hierarchy. 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 Level 2 inputs. According to ASC 205, Presentation of Financial Statements , the Company does not present the operating results in net loss from discontinued operations for disposals if they do not represent a strategic shift in the Company’s business. There were no discontinued operations for the years ended December 31, 2024, 2023 and 2022. Impairment of Long-Lived Assets The Company assesses the carrying value of real estate assets and related intangibles for impairment on a quarterly basis and whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable over the life of the asset or its intended holding period. We evaluate our real estate assets for impairment on a property-by-property basis. Indicators we consider to determine whether an impairment evaluation is necessary include, but are not limited to, deterioration in operating cash flows, low occupancy levels, significant near-term lease expirations, default or bankruptcy by a significant tenant and expectations that, more likely than not, a property will be sold or otherwise disposed of before the end of its previously estimated useful life or hold period. If impairment indicators are present for a specific real estate asset, we perform a recoverability test by comparing the carrying value of the asset group to the asset group’s estimated undiscounted future cash flows over the anticipated hold period. If the carrying value exceeds the estimated undiscounted future cash flows, we then compare the carrying value to the asset group’s estimated fair value and recognize an impairment loss for the amount by which the carrying value exceeds the fair value. The future cash flows utilized in the evaluation of recoverability and the measurement of fair value are highly subjective and are based on assumptions regarding anticipated hold periods, future occupancy, future rental rates, future capital requirements, discount rates and capitalization rates, which are considered Level 2 and Level 3 inputs within the fair value hierarchy. 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 the undiscounted future cash flows and fair value of an asset group. 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 on December 31st, 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. The Studio operating segment consists of two reporting units: Sunset Studios and Quixote. The Quixote reporting unit consists of the Zio Entertainment Network, LLC (“Zio”) and Star Waggons, LLC (“Star Waggons”) businesses acquired in 2021 and the Quixote Studios, LLC (“Quixote”) business acquired in 2022, which have since been integrated as a single business. 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. 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 Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents are defined as cash on hand and in banks, plus all short-term investments with a maturity of three months or less when purchased. Restricted cash primarily consists of amounts held by lenders to fund reserves such as capital improvements, taxes, insurance, debt service and operating expenditures. The Company maintains some of its cash in bank deposit accounts that, at times, may exceed the federally insured limit. No losses have been experienced related to such accounts. The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented: December 31, 2024 2023 2022 BEGINNING OF THE PERIOD Cash and cash equivalents $ 100,391 $ 255,761 $ 96,555 Restricted cash 18,765 29,970 100,321 TOTAL $ 119,156 $ 285,731 $ 196,876 END OF THE PERIOD Cash and cash equivalents $ 63,256 $ 100,391 $ 255,761 Restricted cash 35,921 18,765 29,970 TOTAL $ 99,177 $ 119,156 $ 285,731 Receivables The Company accounts for receivables related to rental revenues according to ASC 842, Leases . The guidance requires the Company to assess, at lease commencement and subsequently, collectability of future lease payments from its tenants. If the Company determines collectability is not probable, it recognizes an adjustment to lower income from rentals. For amounts deemed probable of collection, the Company may also record an allowance under other authoritative GAAP based on the evaluation of individual receivables, including specific credit enhancements and other relevant factors. Lease Accounting The Company accounts for its leases under 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. For lessors, the guidance provides for a practical expedient, by class of underlying asset, to elect a combined single lease component presentation if (i) the timing and pattern of the transfer of the combined single lease component is the same, and (ii) the related lease component, if accounted for separately, would be classified as an operating lease. The practical expedient was elected only for the Company’s leases related to the office properties. For the Company’s studio properties, the timing and pattern of the transfer of the lease components and non-lease components for studio properties are not the same and therefore the Company did not elect this practical expedient for the Company’s studio properties. The standalone selling price related to the studio non-lease components is readily available and does not require estimates. Lessee Accounting The Company determines if an arrangement is a lease at inception. The Company’s operating lease agreements relate to ground 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. 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 21 years as of December 31, 2024. 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. ROU assets further 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. As the Company’s leases do not provide an implicit rate, the Company calculates the present value of lease payments using its incremental borrowing rate based on the information available at commencement date, or the date of the ASC 842 adoption. The weighted average incremental borrowing rate used to calculate the ROU assets and lease liabilities was 5.7% as of December 31, 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”). ASC 842 defines initial direct costs as only the incremental costs of signing a lease. Internal direct compensation costs and external legal fees related to the execution of successful lease agreements that do not meet the definition of initial direct costs under ASC 842 are accounted for as office operating expense or studio operating expense in the Company’s Consolidated Statements of Operations. Revenue Recognition The Company has compiled an inventory of its sources of revenues and has identifie

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following table reconciles the beginning and ending balances of goodwill: Balance, December 31, 2023 $ 264,144 Impairment loss (107,615) Balance, December 31, 2024 $ 156,529 During the year ended December 31, 2024, the Company recorded an impairment charge of $107.6 million related to the Quixote reporting unit due to the slow recovery of Los Angeles film and TV production levels following the 2023 strikes of the Writers Guild of America and the Screen Actors Guild. The fair value of the reporting unit was estimated based on a discounted cash flow analysis, which is classified within Level 3 of the fair value hierarchy. The impairment is recorded within impairment loss on the Consolidated Statement of Operations. As of December 31, 2024, gross goodwill and accumulated impairment were $264.1 million and $107.6 million, respectively.

Investment in Real Estate

Investment in Real Estate	12 Months Ended
	Dec. 31, 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: December 31, 2024 December 31, 2023 Land $ 1,235,974 $ 1,220,339 Building and improvements 6,101,787 5,969,364 Tenant and leasehold improvements 728,186 818,653 Furniture and fixtures 5,895 8,609 Property under development 161,444 195,931 INVESTMENT IN REAL ESTATE, AT COST $ 8,233,286 $ 8,212,896 Acquisitions of Real Estate The Company had no acquisitions of real estate during the years ended December 31, 2024 and 2023. Impairment of Long-Lived Assets During the year ended December 31, 2024, the Company recorded impairment charges totaling $39.9 million related to the real estate assets of certain office properties, including held for sale properties. The impairment charges reflect a shortened expected holding period for the properties and a reduction in the carrying value of the properties to their estimated fair values based on non-binding purchase offers from third party buyers or the properties’ contractual sales prices, as applicable, which are considered Level 2 measurements. During the year ended December 31, 2023, the Company recorded an impairment charge of $48.5 million related to the real estate assets of one office property. The impairment charge reflects a shortened expected holding period for the property and reduction in the carrying value of the property to its estimated fair value based on a discounted cash flow analysis, which is considered a Level 3 measurement. During the year ended December 31, 2022, the Company recorded impairment charges totaling $17.6 million related to the real estate assets of certain office properties, including held for sale properties. The impairment charges reflect a shortened expected holding period for the properties and a reduction in the carrying value of the properties to their estimated fair values based on non-binding purchase offers from third party buyers or the properties’ contractual sales prices, as applicable, which are considered Level 2 measurements. The impairment charges are recorded within impairment loss on the Consolidated Statements of Operations. Dispositions of Real Estate The following table summarizes information on dispositions completed during the years ended December 31, 2024 and 2023: Property Segment Date of Disposition Square Feet (unaudited) Sales Price (1) (in millions) (Loss) Gain on Sale (2) (in millions) 2024 Dispositions 3176 Porter Office 12/10/2024 46,759 $ 24.8 $ (2.2) 2023 Dispositions Skyway Landing Office 2/6/2023 246,997 $ 102.0 $ 7.0 604 Arizona Office 8/24/2023 44,260 32.5 10.3 3401 Exposition Office 8/25/2023 63,376 40.0 5.8 Cloud10 Office 11/21/2023 350,000 43.5 19.9 One Westside & Westside Two Office 12/27/2023 686,725 700.0 60.2 Total 2023 Dispositions $ 918.0 $ 103.2 _____________ 1. Represents gross sales price before certain credits, prorations and closing costs. 2. Included within (loss) gain on sale of real estate on the Consolidated Statements of Operations. Held for Sale As of December 31, 2024, the Company classified two of its office properties as held for sale: 195,121 square-foot (unaudited) Foothill Research Center located in the Palo Alto submarket and 102,963 square-foot (unaudited) Maxwell located in the Downtown Los Angeles submarket. The properties were identified as non-strategic assets to the Company’s portfolio. The following table summarizes the components of assets and liabilities associated with real estate held for sale as of December 31, 2024: Foothill Research Center Maxwell ASSETS Investment in real estate, net $ 31,387 $ 41,210 Straight-line rent receivables, net 386 2,206 Deferred leasing costs and intangible assets, net 1,328 528 Operating lease right-of-use asset 5,890 — Prepaid expenses and other assets, net 102 76 ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 39,093 $ 44,020 LIABILITIES Accounts payable, accrued liabilities and other $ 13,201 $ 195 Operating lease liabilities 15,827 — Intangible liabilities, net 228 — Security deposits and prepaid rent 1,539 127 LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 30,795 $ 322

Non-Real Estate Property, Plant

Non-Real Estate Property, Plant and Equipment, net	12 Months Ended
	Dec. 31, 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: December 31, 2024 December 31, 2023 Trailers $ 77,903 $ 70,462 Production equipment 42,954 37,100 Trucks and other vehicles 22,035 20,044 Leasehold improvements 21,792 15,888 Furniture, fixtures and equipment 2,454 6,112 Other equipment 14,912 6,959 Non-real estate property, plant and equipment, at cost 182,050 156,565 Accumulated depreciation (54,983) (37,782) NON-REAL ESTATE PROPERTY, PLANT AND EQUIPMENT, NET $ 127,067 $ 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	12 Months Ended
	Dec. 31, 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 $90.1 million at Bentall Centre and $7.6 million at Sunset Pier 94 Studios, respectively. The likelihood of loss relating to the guarantees is remote as of December 31, 2024. 4. 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 December 31, 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 income or 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 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 $0.1 million as of December 31, 2024 and 2023, respectively. The table below presents the combined and condensed balance sheets for the Company’s unconsolidated joint ventures: December 31, 2024 December 31, 2023 (1) ASSETS Investment in real estate, net $ 1,089,951 $ 1,295,449 Other assets 41,177 40,790 TOTAL ASSETS 1,131,128 1,336,239 LIABILITIES Secured debt, net 447,581 564,949 Other liabilities 49,115 46,947 TOTAL LIABILITIES 496,696 611,896 Company’s capital (2) 193,732 225,898 Partner's capital 440,700 498,445 TOTAL CAPITAL 634,432 724,343 TOTAL LIABILITIES AND CAPITAL $ 1,131,128 $ 1,336,239 _____________ 1. Includes balances related to Sunset Glenoaks Studios, which was accounted for as an equity method investment as of December 31, 2023 but was accounted for as a consolidated entity as of December 31, 2024. 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 in the (loss) income from unconsolidated 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: Year Ended December 31, 2024 2023 2022 TOTAL REVENUES $ 72,754 $ 70,200 $ 83,441 TOTAL EXPENSES (106,340) (88,876) (78,083) NET (LOSS) INCOME $ (33,586) $ (18,676) $ 5,358

Deferred Leasing Costs and Inta

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net	12 Months Ended
	Dec. 31, 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: December 31, 2024 December 31, 2023 Deferred leasing costs and in-place lease intangibles $ 244,463 $ 290,969 Accumulated amortization (116,868) (150,457) Deferred leasing costs and in-place lease intangibles, net 127,595 140,512 Lease incentives 34,352 — Accumulated amortization (1,203) — Lease incentives, net 33,149 — Below-market ground leases 74,930 77,943 Accumulated amortization (21,626) (20,733) Below-market ground leases, net 53,304 57,210 Above-market leases 636 673 Accumulated amortization (437) (376) Above-market leases, net 199 297 Customer relationships 97,900 97,900 Accumulated amortization (40,380) (26,363) Customer relationships, net 57,520 71,537 Non-competition agreements 8,200 8,200 Accumulated amortization (4,926) (3,279) Non-competition agreements, net 3,274 4,921 Trade name 37,200 37,200 Parking easement 15,273 15,273 DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET $ 327,514 $ 326,950 Below-market leases $ 40,535 $ 58,833 Accumulated amortization (18,697) (31,785) Below-market leases, net 21,838 27,048 Above-market ground leases — 1,095 Accumulated amortization — (392) Above-market ground leases, net — 703 INTANGIBLE LIABILITIES, NET $ 21,838 $ 27,751 The Company recognized the following amortization related to deferred leasing costs and intangibles: For the Year Ended December 31, 2024 2023 2022 Deferred leasing costs and in-place lease intangibles (1) $ (33,106) $ (36,791) $ (40,171) Lease incentives (2) $ (1,203) $ — $ — Below-market ground leases (3) $ (2,669) $ (2,795) $ (2,775) Above-market leases (2) $ (57) $ (62) $ (124) Customer relationships (1) $ (14,016) $ (14,017) $ (9,662) Non-competition agreements (1) $ (1,647) $ (1,647) $ (1,253) Below-market leases (2) $ 4,982 $ 6,297 $ 8,156 Above-market ground leases (3) $ 43 $ 43 $ 43 _____________ 1. Amortization is recorded in depreciation and amortization expenses and for lease incentive costs. 2. Amortization is recorded in office rental revenues on the Consolidated Statements of Operations. 3. Amortization is recorded in office operating expenses on the Consolidated Statements of Operations. The following table provides information regarding the Company’s estimated future amortization of deferred leasing costs and intangibles as of December 31, 2024 : For the Year Ended December 31, Deferred Leasing Costs and In-place Lease Intangibles Lease incentives Below-market Ground Leases Above-market Leases Customer relationships Non-competition agreements Below-market Leases 2025 $ (26,628) $ (2,405) $ (2,563) $ (49) $ (13,986) $ (1,640) $ 4,066 2026 (23,205) (2,388) (2,563) (44) (13,986) (1,237) 3,981 2027 (19,821) (2,388) (2,563) (43) (13,986) (397) 3,913 2028 (16,474) (2,388) (2,563) (32) (11,301) — 3,832 2029 (13,217) (2,388) (2,563) (31) (4,261) — 3,458 Thereafter (28,250) (21,192) (40,489) — — — 2,588 TOTAL $ (127,595) $ (33,149) $ (53,304) $ (199) $ (57,520) $ (3,274) $ 21,838 During the years ended December 31, 2024 and 2023, the Company recorded impairment charges totaling $0.8 million and $2.7 million, respectively, related to the deferred leasing costs and intangible assets of certain office properties. Refer to Note 4 for details. The losses are recorded within impairment loss During the year ended December 31, 2022, the Company recorded an impairment charge of $8.5 million related to impairment of the Zio trade name within impairment loss During the year ended December 31, 2022, the Company also recorded an impairment charge of $2.4 million related to the below-market ground lease at a certain property. Refer to Note 4 for details. The losses are recorded within impairment loss

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts Receivable, net As of December 31, 2024, accounts receivable was $15.0 million and there was a $0.5 million allowance for doubtful accounts. As of December 31, 2023, accounts receivable was $25.0 million and there was $0.4 million allowance for doubtful accounts. Straight-line Rent Receivables, net As of December 31, 2024, straight-line rent receivables was $199.7 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	12 Months Ended
	Dec. 31, 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 represents the Company’s prepaid expenses and other assets, net as of: December 31, 2024 December 31, 2023 Non-real estate investments $ 50,373 $ 48,581 Deferred tax assets 8 2,412 Interest rate derivative assets 4,325 6,441 Prepaid insurance 10,074 10,611 Deferred financing costs, net 2,165 4,316 Prepaid property tax 2,129 2,075 Other 21,040 19,709 PREPAID EXPENSES AND OTHER ASSETS, NET $ 90,114 $ 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 unrealized loss on non-real estate investments on the Consolidated Statements of Operations. The Company recognized a net unrealized loss of $4.0 million, a net unrealized loss of $3.0 million and a net unrealized gain of $0.2 million for the years ended December 31, 2024, 2023 and 2022, respectively, due to the observable changes in fair value. Over the life of the investments, the Company has recognized a net unrealized gain of $6.8 million due to the observable changes in fair value. Stock Purchase Warrants

Debt

Debt	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt The following table sets forth information with respect to our outstanding indebtedness: December 31, 2024 December 31, 2023 Interest Rate (1) Contractual Maturity Date (2) UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (3)(4)(5) $ 320,000 $ 192,000 SOFR + 1.15% to 1.60% 12/21/2026 (6) 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 (7) 350,000 350,000 5.95% 2/15/2028 Total unsecured debt 2,435,000 2,307,000 Secured debt Hollywood Media Portfolio 1,100,000 1,100,000 SOFR + 1.10% 8/9/2026 (8) Acquired Hollywood Media Portfolio debt (30,233) (30,233) SOFR + 2.11% 8/9/2026 (8) Hollywood Media Portfolio, net (9)(10) 1,069,767 1,069,767 Element LA 168,000 168,000 4.59% 11/6/2025 1918 Eighth (11) 314,300 314,300 SOFR + 1.40% 12/18/2025 Hill7 (12) 101,000 101,000 3.38% 11/6/2028 Sunset Glenoaks Studios (13)(14) 99,600 — SOFR + 3.10% 1/9/2027 (15) Total secured debt 1,752,667 1,653,067 Total unsecured and secured debt 4,187,667 3,960,067 Unamortized deferred financing costs/loan discounts (16) (10,823) (14,753) TOTAL UNSECURED AND SECURED DEBT, NET $ 4,176,844 $ 3,945,314 JOINT VENTURE PARTNER DEBT (17) $ 66,136 $ 66,136 4.50% 10/9/2032 (18) _____________ 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 December 31, 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 December 31, 2024, no such election had been made and the unsecured revolving credit facility bore interest at SOFR + 1.35%. 4. In January 2025, the Company amended its credit facility agreement to favorably adjust certain definitions and covenant calculations beginning with the quarter ending December 31, 2024. The amendment also resulted in a decrease in the total capacity from $900.0 million to $775.0 million. Up to $193.8 million of the total capacity 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. Subsequent to December 31, 2024, the Company made a net repayment of $27.0 million on the unsecured revolving credit facility. 6. Includes the option to extend the initial maturity date of December 21, 2025 twice for an additional six-month term each at the sole discretion of the Company. 7. An amount equal to the net proceeds from the 5.95% registered senior notes has been allocated to new or existing eligible green projects. 8. Includes the option to extend the initial maturity date of August 9, 2023 three times for an additional one-year term each at the sole discretion of the Company. The first and second extension options were executed on August 9, 2023 and June 13, 2024 respectively. 9. The Company purchased bonds comprising the loan in the amount of $30.2 million. 10. The floating interest rate on $539.0 million of principal has been capped at 6.01% through the use of an interest rate cap. The floating interest rate on $351.2 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. 11. 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. 12. 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. 13. 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 floating interest rate on the full principal amount has been effectively capped at 4.50% through the use of an interest rate cap. The Company has provided various guarantees for this loan, including an equity guarantee and a recourse carve-out guarantee. 14. Sunset Glenoaks Studios was consolidated as of December 31, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 balance is reported at $0. 15. Includes the option to extend the initial maturity date of January 9, 2025 twice for an additional one-year term each permitting certain financial covenants are met. The first extension option was executed on October 30, 2024. 16. 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. Refer to Note 9 for details. 17. 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. 18. Includes the option to extend the initial maturity date of October 9, 2028 twice for an additional two-year term each permitting certain financial covenants are met. Current Year Activity During the year ended December 31, 2024, there were $128.0 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. On May 3, 2024, the Company entered into an amendment to its unsecured revolving credit facility in order to, among other things, replace CDOR as a referenced rate for Canadian dollar-denominated loans under the Canadian facility with a term CORRA-based rate. 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 December 31, 2024: For the Year Ended December 31, Unsecured and Secured Debt Joint Venture Partner Debt 2025 $ 741,300 $ — 2026 1,539,767 — 2027 555,600 — 2028 451,000 — 2029 500,000 — Thereafter 400,000 66,136 TOTAL $ 4,187,667 $ 66,136 Unsecured Debt Credit Facility The operating partnership continues to be the borrower under its credit facility agreement, and the Company and all subsidiaries that own unencumbered properties will continue to provide guarantees unless the Company obtains and maintains a credit rating of at least BBB- from Standard & Poor’s (“S&P”) or Baa3 from Moody’s, in which case such guarantees are not required except under limited circumstances. As of December 31, 2024, the credit ratings for our senior unsecured debt were B2, BB- and BB- from Moody’s, Standard and Poor’s and Fitch, respectively. Note Purchase Agreements The operating partnership may prepay at any time all or, from time to time, any part of the note purchase agreements in an amount not less than 5% of the aggregate principal amount of any series of note purchase agreements then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid plus a make-whole premium. The operating partnership’s obligations under note purchase agreements are fully and unconditionally guaranteed by the Company. Subsidiaries of the Company will also issue unconditional guarantees upon the occurrence of certain conditions, including such subsidiaries providing guarantees under the Amended and Restated Credit Agreement, by and among the operating partnership, the financial institutions party thereto, and Wells Fargo Bank, National Association as administrative agent. 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 December 31, 2024 related to our unsecured revolving credit facility and term loans: Covenant Ratio Covenant Level Actual Performance Total liabilities to total asset value (2) ≤ 65% 46.5% Unsecured indebtedness to unencumbered asset value (2) ≤ 65% 41.5% Adjusted EBITDA to fixed charges (1) ≥ 1.4x 1.7x Secured indebtedness to total asset value ≤ 45% 20.1% Unencumbered net operating income to unsecured interest expense (1) ≥ 1.75x 2.2x _________________ 1. The January 2025 amended credit facility agreement lowered the minimum required ratio of adjusted EBITDA to fixed charges from 1.5x to 1.4x and of unencumbered NOI to unsecured interest expense from 2.0x to 1.75x for any quarter after September 30, 2024. Additionally, the credit facility amendment adjusted certain definitions and covenant calculations for the purpose of determining total asset value and unencumbered asset value assets. 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 as of December 31, 2024 related to our private placement notes: Covenant Ratio (1) Covenant Level Actual Performance Total liabilities to total asset value (2) ≤ 60% 54.6% Unsecured indebtedness to unencumbered asset value (2) ≤ 65% 58.8% Adjusted EBITDA to fixed charges ≥ 1.5x 1.7x Secured indebtedness to total asset value ≤ 45% 23.6% Unencumbered net operating income to unsecured interest expense ≥ 2.0x 2.2x _________________ 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 as of December 31, 2024 related to our registered senior notes: Covenant Ratio (1) Covenant Level Actual Performance Debt to total assets ≤ 60% 45.0% Total unencumbered assets to unsecured debt ≥ 150% 255.0% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 1.7x Secured debt to total assets ≤ 45% 19.4% _________________ 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 December 31, 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 December 31, 2024. Interest Expense The following table represents a reconciliation from gross interest expense to the interest expense line item on the Consolidated Statements of Operations: Year Ended December 31, 2024 2023 2022 Gross interest expense (1) $ 210,022 $ 224,801 $ 162,778 Capitalized interest (40,367) (32,253) (18,031) Non-cash interest expense (2) 7,738 21,867 5,154 INTEREST EXPENSE $ 177,393 $ 214,415 $ 149,901 _________________ 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	12 Months Ended
	Dec. 31, 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 December 31, 2024 and December 31, 2023: Underlying Debt Instrument Type of Instrument Accounting Policy Notional Amount Effective Date Maturity Date Interest Rate Fair Value Assets (Liabilities) December 31, 2024 December 31, 2023 Sunset Glenoaks Studios (1) Cap Cash flow hedge $ 100,600 August 2022 January 2025 4.50% $ — $ — Sunset Glenoaks Studios Cap Cash flow hedge $ 100,600 January 2025 January 2026 4.50% 72 — 1918 Eighth Swap Cash flow hedge $ 172,865 February 2023 October 2025 3.75% 524 1,075 1918 Eighth Cap Partial cash flow hedge (2) $ 314,300 June 2023 December 2025 5.00% 62 952 1918 Eighth Sold cap (3) Mark-to-market $ 172,865 June 2023 December 2025 5.00% (34) (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% 3,663 4,355 Hollywood Media Portfolio Swap Cash flow hedge $ 180,000 February 2024 August 2026 4.13% (267) — Hollywood Media Portfolio Cap Partial cash flow hedge (2) $ 1,100,000 August 2024 August 2025 6.01% 4 — Hollywood Media Portfolio Sold cap (3) Mark-to-market $ 561,000 August 2024 August 2025 6.01% (2) — TOTAL $ 4,022 $ 5,892 _____________ 1. Sunset Glenoaks Studios was consolidated as of December 31, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 fair value for this instrument 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 December 31, 2024, the Company expects $2.4 million of unrealized gain included in accumulated other comprehensive loss will be reclassified as a reduction to interest expense in the next 12 months.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes comprises the following components : Year Ended December 31, 2024 December 31, 2023 Current federal $ 1,048 $ 171 Current state — 16 Deferred federal 1,194 4,776 Deferred state (601) 1,833 Income tax provision $ 1,641 $ 6,796 The Company recognized an income tax benefit of $7.5 million for the year ended December 31, 2022 within other income (expense) on the Consolidated Statement of Operations. A reconciliation of the statutory federal income tax rate of 21% with the Company’s effective income tax rate is as follows: Year Ended December 31, 2024 December 31, 2023 Income tax benefit computed at the federal statutory rate $ (79,751) $ (34,420) Income tax benefit attributable to non-taxable entities 37,893 16,643 State income taxes, net of federal tax benefit (11,850) (4,810) Valuation allowance 53,229 29,681 Other 2,120 (298) Income tax provision $ 1,641 $ 6,796 Significant components of the Company's deferred tax assets and liabilities are as follows: December 31, 2024 December 31, 2023 Deferred tax assets: Net operating loss and tax credit carryforwards $ 68,457 $ 41,339 Depreciation and amortization 29,237 11,124 Prepaid rent 703 1,578 Other 973 122 Total deferred tax assets 99,370 54,163 Valuation allowance (82,706) (29,477) Net deferred tax assets 16,664 24,686 Deferred tax liabilities: Depreciation and amortization (14,432) (21,170) Unrealized gain on non-real estate investments (3,912) (4,640) Other (205) (169) Total deferred tax liabilities (18,549) (25,979) Deferred tax liability, net $ (1,885) $ (1,293) As of December 31, 2022, the Company had not recorded a valuation allowance against its deferred tax assets.

Future Minimum Rents and Lease

Future Minimum Rents and Lease Payments	12 Months Ended
	Dec. 31, 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 2025 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 December 31, 2024: Year Ended 2025 $ 508,871 2026 466,138 2027 409,955 2028 341,630 2029 276,778 Thereafter 583,574 TOTAL $ 2,586,946 Operating Lease Agreements The Company is party to long-term non-cancellable operating lease agreements in which it is a lessee, consisting of 11 ground leases, 9 sound stage leases, seven office leases and 16 other leases as of December 31, 2024. The Company’s operating lease obligations have expiration dates ranging from 2025 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 December 31, 2024, the present value of the remaining contractual payments of $712.5 million under the Company’s operating lease agreements was $395.8 million. The corresponding operating lease right-of-use assets amounted to $376.7 million, $370.8 million of which is recorded in operating lease right-of-use assets and $5.9 million of which is recorded in assets associated with real estate held for sale on the Consolidated Balance Sheet. During the year ended December 31, 2024 the Company recorded $1.4 million of impairment charges related to the right-of-use assets for ground leases at certain office properties. Refer to Note 4 for details. The impairment charges are recorded within impairment loss on the Consolidated Statement of Operations. 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 December 31, 2024: For the Year Ended December 31, Lease Payments (1) 2025 $ 42,072 2026 41,726 2027 41,449 2028 40,503 2029 38,385 Thereafter 508,413 Total operating lease payments 712,548 Less: interest portion (316,717) PRESENT VALUE OF OPERATING LEASE LIABILITIES (2) $ 395,831 _____________ 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. 2. $380.0 million is recorded in operating lease liabilities The following table summarizes rental expense for operating leases: For the Year Ended December 31, 2024 2023 2022 Variable rental expense $ 9,985 $ 11,005 $ 9,854 Minimum rental expense $ 46,576 $ 45,145 $ 31,003
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 2025 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 December 31, 2024: Year Ended 2025 $ 508,871 2026 466,138 2027 409,955 2028 341,630 2029 276,778 Thereafter 583,574 TOTAL $ 2,586,946 Operating Lease Agreements The Company is party to long-term non-cancellable operating lease agreements in which it is a lessee, consisting of 11 ground leases, 9 sound stage leases, seven office leases and 16 other leases as of December 31, 2024. The Company’s operating lease obligations have expiration dates ranging from 2025 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 December 31, 2024, the present value of the remaining contractual payments of $712.5 million under the Company’s operating lease agreements was $395.8 million. The corresponding operating lease right-of-use assets amounted to $376.7 million, $370.8 million of which is recorded in operating lease right-of-use assets and $5.9 million of which is recorded in assets associated with real estate held for sale on the Consolidated Balance Sheet. During the year ended December 31, 2024 the Company recorded $1.4 million of impairment charges related to the right-of-use assets for ground leases at certain office properties. Refer to Note 4 for details. The impairment charges are recorded within impairment loss on the Consolidated Statement of Operations. 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 December 31, 2024: For the Year Ended December 31, Lease Payments (1) 2025 $ 42,072 2026 41,726 2027 41,449 2028 40,503 2029 38,385 Thereafter 508,413 Total operating lease payments 712,548 Less: interest portion (316,717) PRESENT VALUE OF OPERATING LEASE LIABILITIES (2) $ 395,831 _____________ 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. 2. $380.0 million is recorded in operating lease liabilities The following table summarizes rental expense for operating leases: For the Year Ended December 31, 2024 2023 2022 Variable rental expense $ 9,985 $ 11,005 $ 9,854 Minimum rental expense $ 46,576 $ 45,145 $ 31,003

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 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: December 31, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivative assets (1) $ — $ 4,325 $ — $ 4,325 $ — $ 6,441 $ — $ 6,441 Interest rate derivative liabilities (2) $ — $ (303) $ — $ (303) $ — $ (549) $ — $ (549) Earnout liability (2) $ — $ — $ — $ — $ — $ — $ (5,000) $ (5,000) Non-real estate investments measured at NAV (1)(3) $ — $ — $ — $ 47,373 $ — $ — $ — $ 48,581 _____________ 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 2 items include interest rate caps and swaps, which are valued on a quarterly basis using a linear regression model. Level 3 items include the earnout liability, which was 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 year ended December 31, 2024: Balance, December 31, 2023 $ (5,000) Settlement 5,000 Balance, December 31, 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 investment in securities and debt as of: December 31, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Liabilities Unsecured debt (1) $ 2,435,000 $ 2,040,075 $ 2,307,000 $ 1,971,410 Secured debt (1) $ 1,752,667 $ 1,741,090 $ 1,653,067 $ 1,634,668 Consolidated joint venture partner debt $ 66,136 $ 60,637 $ 66,136 $ 59,966 _____________ 1. Amounts represent debt excluding unamortized deferred financing costs and loan discounts/premiums.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 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 December 31, 2024, 2.2 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 $3.03. 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 shares or time-based operating partnership performance units to certain employees on an annual basis as part of the employees’ annual compensation. These time-based awards are generally issued in the 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 or fourth quarter and are fully-vested upon their issuance. For the years 2022 and 2023, the compensation committee of the Board (“Compensation Committee”) adopted an annual Hudson Pacific Properties, Inc. Performance Stock Unit Plan (“PSU Plan”). Under the PSU Plan, the Compensation Committee awards restricted stock units or performance units in the operating partnership to certain employees. The 2022 PSU Plan grants 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. Time-Based Awards The stock-based compensation is valued based on the quoted closing price of the Company’s common stock on the applicable grant date and discounted for any hold restrictions in accordance with ASC 718. The stock-based compensation is amortized through the final vesting period on a straight-line basis. Forfeitures of awards are recognized as they occur. Market-Based and Performance-Based Awards The following table outlines key components of the 2024 market-based awards: Market-Based Performance Unit Maximum bonus pool, in millions $25.5 Performance period 1/1/2026 to 12/31/2030 Vesting period 1/1/2024 to 1/1/2029 The following table outlines key components of the 2023 PSU Plan: Operational Performance Unit Maximum bonus pool, in millions $15.0 Performance period 1/1/2023 to 12/31/2023 The following table outlines key components of the 2022 PSU Plan: Operational Performance Unit Relative TSR Performance Unit Maximum bonus pool, in millions $15.0 $15.0 Performance period 1/1/2022 to 12/31/2022 1/1/2022 to 12/31/2024 The stock-based compensation cost of the 2024 market-based awards and the 2023 and 2022 PSU Plans was valued in accordance with ASC 718 utilizing a Monte Carlo simulation to estimate the probability of the performance vesting conditions being satisfied. The stock-based compensation is amortized through the final vesting period under a graded vesting expense recognition schedule. Forfeitures of awards are recognized as they occur. The per unit fair value of the 2024 market-based awards and the 2023 and 2022 PSU awards granted was estimated on the date of grant using the following assumptions in the Monte Carlo simulation: 2024 2023 2022 Expected price volatility for the Company 41.00% 40.00% 43.00% Expected price volatility for the particular REIT index N/A 27.00% 33.00% Risk-free rate 3.89% 3.44% 1.72% Dividend yield 3.00 - 6.00% 5.40% 3.60% Summary of Unvested Share Activity The following table summarizes the activity and status of all unvested stock awards: 2024 2023 2022 Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Unvested at January 1 693,835 $ 9.89 309,837 $ 23.14 507,534 $ 25.17 Granted 195,240 5.77 618,316 7.54 50,915 20.15 Vested (286,869) 11.95 (198,430) 23.61 (234,741) 26.81 Canceled (20,798) 13.51 (35,888) 7.83 (13,871) 24.42 Unvested at December 31 581,408 $ 7.37 693,835 $ 9.89 309,837 $ 23.14 The following table summarizes the activity and status of all unvested time-based restricted operating partnership performance units: 2024 2023 2022 Units Weighted-Average Grant-Date Fair Value Units Weighted-Average Grant-Date Fair Value Units Weighted-Average Grant-Date Fair Value Unvested at January 1 1,271,899 $ 9.82 357,656 $ 22.53 681,394 $ 24.91 Granted 3,010,397 7.28 1,422,893 8.16 25,206 11.98 Vested (808,717) 9.08 (508,650) 14.11 (348,944) 26.42 Canceled (172,947) 7.46 — — — — Unvested at December 31 3,300,632 $ 7.81 1,271,899 $ 9.82 357,656 $ 22.53 Share-based Compensation Recorded The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: For the Year Ended December 31, 2024 2023 2022 Expensed stock compensation (1) $ 26,009 $ 23,863 $ 24,296 Capitalized stock compensation (2) 2,160 3,021 3,354 Total stock compensation (3) $ 28,169 $ 26,884 $ 27,650 _________________ 1. Amounts are recorded in general and administrative expenses, office operating expenses and studio operating expenses on the Consolidated Statements of Operations. 2. Amounts are recorded in investment in real estate, at cost on the Consolidated Balance Sheets. 3. Amounts are recorded in additional paid-in capital and non-controlling interest—units in the operating partnership on the Consolidated Balance Sheets. As of December 31, 2024, total unrecognized compensation cost related to unvested share-based payments was $39.2 million. It is expected to be recognized over a weighted-average period of three years.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 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 years ended December 31, 2024, 2023 and 2022, 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: For the Year Ended December 31, 2024 2023 2022 Numerator: Basic and diluted net loss available to common stockholders $ (364,143) $ (192,181) $ (56,499) Denominator: Basic weighted average common shares outstanding 141,192,730 140,953,088 143,732,433 Effect of dilutive instruments (1) — — — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 141,192,730 140,953,088 143,732,433 Basic earnings per common share $ (2.58) $ (1.36) $ (0.39) Diluted earnings per common share $ (2.58) $ (1.36) $ (0.39) _____________ 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 years ended December 31, 2024, 2023 and 2022, 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 : For the Year Ended December 31, 2024 2023 2022 Numerator: Basic and diluted net loss available to common unitholders $ (373,500) $ (195,539) $ (57,208) Denominator: Basic weighted average common units outstanding 144,793,957 143,421,154 145,580,928 Effect of dilutive instruments (1) — — — DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 144,793,957 143,421,154 145,580,928 Basic earnings per common unit $ (2.58) $ (1.36) $ (0.39) Diluted earnings per common unit $ (2.58) $ (1.36) $ (0.39) _____________ 1.

Redeemable Non-controlling Inte

Redeemable Non-controlling Interest	12 Months Ended
	Dec. 31, 2024
Noncontrolling Interest [Abstract]
Redeemable Non-controlling Interest	Redeemable Non-controlling Interest Redeemable Preferred Units of the Operating Partnership As of December 31, 2024 and 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 March 1, 2018, the Company entered into a joint venture agreement with Macerich to form the HPP-MAC JV. On August 31, 2018, Macerich contributed Westside Pavilion to the HPP-MAC JV. The Company has a 75% interest in the joint venture that owns the One Westside and Westside Two properties. The Company has a put right, after a specified time, to sell its interest at fair market value. Macerich has a put right, after a specified time, to sell its interest at fair market value, which is a redemption right that is not solely within the control of the Company. Therefore, the non-controlling interest related to this joint venture is included as temporary equity. The put right is not probable of becoming redeemable. The One Westside and Westside Two properties were sold on December 27, 2023. 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: Series A Redeemable Preferred Units Consolidated Real Estate Entities Balance, December 31, 2023 $ 9,815 $ 57,182 Contributions — 88 Distributions — (3,932) Declared dividend (612) — Net income (loss) 612 (4,059) Balance, December 31, 2024 $ 9,815 $ 49,279

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Equity	Equity The table below presents the activity related to Hudson Pacific Properties, Inc.’s accumulated other comprehensive loss (“AOCI”): Derivative Instruments Currency Translation Adjustments Total AOCI Balance, January 1, 2022 $ (3,957) $ 2,196 $ (1,761) Unrealized gain (loss) recognized in AOCI 612 (12,188) (11,576) Reclassification from AOCI into income (1) 2,065 — 2,065 Net change in AOCI 2,677 (12,188) (9,511) Balance, December 31, 2022 (1,280) (9,992) (11,272) Unrealized gain recognized in AOCI 9,462 6,149 15,611 Reclassification from AOCI into income (1) (4,526) — (4,526) Net change in AOCI 4,936 6,149 11,085 Balance, December 31, 2023 3,656 (3,843) (187) Unrealized gain (loss) recognized in AOCI 8,942 (7,359) 1,583 Reclassification from AOCI into income (1) (9,813) — (9,813) Net change in AOCI (871) (7,359) (8,230) Balance, December 31, 2024 $ 2,785 $ (11,202) $ (8,417) _____________ 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, LP’s AOCI: Derivative Instruments Currency Translation Adjustments Total AOCI Balance, January 1, 2022 $ (3,954) $ 2,175 (1,779) Unrealized gain (loss) recognized in AOCI 597 (12,375) (11,778) Reclassification from AOCI into income (1) 2,097 — 2,097 Net change in AOCI 2,694 (12,375) (9,681) Balance, December 31, 2022 (1,260) (10,200) (11,460) Unrealized gain recognized in AOCI 9,729 6,325 16,054 Reclassification from AOCI into income (1) (4,656) — (4,656) Net change in AOCI 5,073 6,325 11,398 Balance, December 31, 2023 3,813 (3,875) (62) Unrealized gain recognized in AOCI 9,382 (7,727) 1,655 Reclassification from AOCI into income (1) (10,306) — (10,306) Net change in AOCI (924) (7,727) (8,651) Balance, December 31, 2024 2,889 (11,602) $ (8,713) _____________ 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. 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: December 31, 2024 December 31, 2023 December 31, 2022 Company-owned common units in the operating partnership 141,279,102 141,034,806 141,054,478 Company’s ownership interest percentage 97.4 % 98.0 % 98.5 % Non-controlling common units in the operating partnership (1) 3,796,346 2,810,433 2,191,842 Non-controlling ownership interest percentage 2.6 % 2.0 % 1.5 % _________________ 1. Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of December 31, 2024, this amount represents both common units and performance units of 550,969 and 3,245,377, respectively. As of December 31, 2023, this amount represents both common units and performance units of 550,969 and 2,259,464, respectively. As of December 31, 2022, this amount represents both common units and performance units of 550,969 and 1,640,873, respectively. During the years ended December 31, 2024, 2023 and 2022, 992,611, 618,591 and 348,944 performance units, respectively, vested related to various awards to our employees and directors. Common Stock Activity The Company did not complete any common stock offerings during the years ended December 31, 2024, 2023 and 2022. The Company’s ATM program permits sales of up to $125.0 million of common stock. A cumulative total of $65.8 million has been sold as of December 31, 2024. The Company did not utilize the ATM program during the years ended December 31, 2024, 2023 and 2022. 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 year ended December 31, 2024. During the year ended December 31, 2023, the Company repurchased 0.2 million shares of its common stock at a weighted average price of $7.33 per share for $1.4 million, before transaction costs. During the year ended December 31, 2022, the Company repurchased 2.1 million shares of its common stock at a weighted average price of $17.65 per share for $37.2 million, before transaction costs. Since the commencement of the program through December 31, 2024, a cumulative total of $214.7 million had 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. Accelerated Share Repurchase Agreements On February 25, 2022, the Company entered into an uncollared accelerated share repurchase (“ASR”) agreement to purchase $100 million of its outstanding common stock. During the first quarter 2022, the Company made an initial payment of $100 million and received an initial delivery of approximately 3.3 million shares of common stock representing 85% of the total $100 million agreement based on the closing price of our common stock on the transaction date. Final settlement of the agreement occurred during the second quarter 2022 based on the daily volume-weighted average price during the measurement period, less a negotiated discount. On February 25, 2022, the Company entered into a collared ASR agreement to purchase $100 million of its outstanding common stock. During the first quarter 2022, the Company made an initial payment of $100 million and received an initial delivery of approximately 3.3 million shares of common stock based on an estimated cap price calculated using the daily volume-weighted average price during an initial hedge period. Final settlement of the agreement occurred during the third quarter 2022 based on the daily volume-weighted average price during the measurement period, subject to a floor and cap, less a negotiated discount. At the conclusion of the ASR program in July 2022, a total of 8.1 million shares had been repurchased at an average price of $24.60. 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 of directors of the Company, 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. A complete description of the Series C preferred stock is contained in the Articles Supplementary which is included as Exhibit 3.7 to this Current Report on Form 10-K. 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: For the Year Ended December 31, 2024 2023 2022 Common stock (1) $ 0.10 $ 0.375 $ 1.00 Common units (1) $ 0.10 $ 0.375 $ 1.00 Unvested performance-based units (1)(2) $ 0.01 $ 0.0375 $ 0.10 Series A preferred units $ 1.5625 $ 1.5625 $ 1.5625 Series C preferred stock (3) $ 1.1875 $ 1.1875 $ 1.3359 _________________ 1. The Company suspended its quarterly common stock dividend during the third and fourth quarters of 2023 and the third and fourth quarters of 2024. As a result, the common unit and performance unit dividends were also suspended. 2. Performance-based units are entitled to dividends equal to the common stock dividends declared by the Company. During their vesting period, unvested performance-based units receive 10% of the declared dividend, with the remainder payable as soon as practicable after the vesting date. 3. Dividends paid during the year ended December 31, 2022 include a $0.2968750 per share dividend declared and paid in each of the first, second, third and fourth quarters of 2022 and a $0.1484375 per share dividend declared during the fourth quarter of 2021. 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. The Company’s dividends related to its common stock will be classified for U.S. federal income tax purposes as follows (unaudited): Distribution Per Share Ordinary Dividends Capital Gains Distributions Return of Capital Record Date Payment Date Total Non-Qualified (1) Qualified 3/18/2024 3/28/2024 $ 0.05000 $ 0.03342 $ 0.03342 $ — $ — $ 0.01658 6/17/2024 6/27/2024 0.05000 0.03342 0.03342 — — 0.01658 TOTALS $ 0.10000 $ 0.06684 $ 0.06684 $ — $ — $ 0.03316 100.00 % 66.84 % — % 33.16 % _________________ 1. On December 22, 2017, the Tax Cuts and Jobs Act enacted Section 199A that generally allows a deduction for non-corporate taxpayers equal to 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Ordinary Dividends eligible for the Section 199A benefit are a subset of and included in the Taxable Ordinary Dividend Amount. The Company’s dividends related to its 4.750% series C preferred stock will be classified for U.S. federal income tax purposes as follows (unaudited): Distribution Per Share Ordinary Dividends Capital Gains Distributions Return of Capital Record Date Payment Date Total Non-Qualified (1) Qualified 3/18/2024 3/28/2024 $ 0.296875 $ 0.296875 $ 0.296875 $ — $ — $ — 6/17/2024 6/27/2024 0.296875 0.296875 0.296875 — — — 9/20/2024 9/30/2024 0.296875 0.296875 0.296875 — — — 12/20/2024 12/30/2024 0.296875 0.296875 0.296875 — — — TOTALS $ 1.187500 $ 1.187500 $ 1.187500 $ — $ — $ — 100.00 % 100.00 % — % — % _________________ 1. On December 22, 2017, the Tax Cuts and Jobs Act enacted Section 199A that generally allows a deduction for non-corporate taxpayers equal to 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Ordinary Dividends eligible for the Section 199A benefit are a subset of and included in the Taxable Ordinary Dividend Amount.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 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. The President, Chief Financial Officer and Chief Operating Officer are the Company’s CODM. They evaluate performance and allocate resources based on net operating income because it provides relevant and useful information by reflecting only income and operating expense items that are incurred at the segment level and presenting it on an unlevered basis. 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. Segment assets consist of investment in real estate, non-real estate property, plant and equipment, net, accounts receivable, net, straight-line rents receivables, net, deferred leasing costs and intangible assets, net, operating lease right-of-use assets and goodwill. Non-segment assets consist of assets in the Company’s corporate non-segment assets, including cash and cash equivalents, restricted cash, prepaid expenses and other assets, net, investment in unconsolidated real estate entities and assets associated with real estate held for sale. Reportable segment asset information is not provided to the CODM as the CODM do not use segment asset information to evaluate the business and allocate resources. The table below presents the operating activity of the Company’s reportable segments: Year Ended December 31, 2024 2023 2022 Office segment Core office revenues $ 679,049 $ 798,429 $ 836,374 Core office expenses Utilities (27,780) (26,214) (24,941) Taxes (73,862) (77,672) (82,378) Administrative (29,511) (30,251) (29,780) Insurance (26,846) (26,408) (19,606) Other segment expenses (1) (134,423) (137,527) (135,637) Total core office expenses (292,422) (298,072) (292,342) Office net operating income 386,627 500,357 544,032 Studio segment Studio revenues 149,806 139,922 173,524 Studio expenses Rent expense & real estate taxes (34,263) (30,483) (16,644) Cost of goods sold (25,419) (20,020) (24,051) Other segment expenses (3) (88,748) (87,944) (64,455) Total studio expenses (148,430) (138,447) (105,150) Studio net operating income 1,376 1,475 68,374 TOTAL SEGMENT PROFIT $ 388,003 $ 501,832 $ 612,406 _________________ 1. Includes ground lease rent, cleaning, parking, engineering, security, mechanical, electrical & plumbing and repairs & maintenance expenses. 2. Includes administrative, utilities, security, cleaning, engineering and repairs & maintenance expenses. The table below presents the reconciliation of segment revenue to consolidated revenue: Year Ended December 31, 2024 2023 2022 Office segment Core office revenues $ 679,049 $ 798,429 $ 836,374 Chargebacks 13,227 13,946 16,326 Total office revenues 692,276 812,375 852,700 Studio segment Total studio revenues 149,806 139,922 173,524 Total revenues $ 842,082 $ 952,297 $ 1,026,224 The table below reconciles net loss to total profit from all segments: Year Ended December 31, 2024 2023 2022 NET LOSS $ (381,406) $ (170,700) $ (16,517) General and administrative 79,451 74,958 79,501 Depreciation and amortization 354,425 397,846 373,219 Loss (income) from unconsolidated real estate entities 7,308 3,902 (943) Fee income (5,269) (6,181) (7,972) Interest expense 177,393 214,415 149,901 Interest income (2,467) (2,182) (2,340) Management services reimbursement income—unconsolidated real estate entities (4,119) (4,125) (4,163) Management services expense—unconsolidated real estate entities 4,119 4,125 4,163 Transaction-related expenses 2,499 (1,150) 14,356 Unrealized loss on non-real estate investments 3,958 3,120 1,440 Loss (gain) on sale of real estate 2,453 (103,202) 2,164 Impairment loss 149,664 60,158 28,548 Gain on extinguishment of debt — (10,000) — Other (income) loss (1,647) 6 (8,951) Loss on sale of bonds — 34,046 — Income tax provision $ 1,641 $ 6,796 $ — TOTAL SEGMENT PROFIT $ 388,003 $ 501,832 $ 612,406

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Employment Agreements During the year ended December 31, 2024, the Company entered into employment agreements with certain of its executive officers, which are effective January 1, 2025, 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 years ended December 31, 2024, 2023 and 2022, the Company recognized $4.1 million, $4.1 million and $4.2 million, respectively, of such reimbursement income in management services reimbursement income—unconsolidated real estate entities on the Consolidated Statement of Operations. 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 December 31, 2024, the Company’s right-of-use assets and lease liabilities related to these lease obligations were $4.9 million and $5.1 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 year ended December 31, 2024, the Company recorded $1.2 million of related rental expense in management services expense—unconsolidated real estate entities on the Consolidated Statements of Operations related to these leases. During the years ended December 31, 2023 and 2022, the Company recorded $1.0 million of rental expense.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 December 31, 2024, the Company has contributed $41.1 million to these funds, net of distributions, with $9.9 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 December 31, 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 December 31, 2024, the Company had $16.1 million in outstanding letters of credit under the unsecured revolving credit facility. The letters of credit are primarily 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 December 31, 2024, the Company had $98.6 million in related commitments.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 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: Year Ended December 31, 2024 2023 2022 Cash paid for interest, net of capitalized interest $ 170,984 $ 197,599 $ 133,869 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ 79,128 $ 87,779 $ 150,408 Remeasurement of operating lease liabilities and related right-of-use assets $ 29,160 $ 5,751 $ 23,177 Operating lease liabilities recorded in connection with right-of-use assets $ 3,617 $ 2,117 $ 100,805 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 unconsolidated real estate entity $ 55,593 $ — $ — Note payable issued as consideration in a business combination $ — $ — $ 160,000

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 22, 2025, the Company sold its Maxwell property for $46.0 million before certain credits, prorations and closing costs. The proceeds were used to repay $35.0 million on the Company’s unsecured revolving credit facility. On January 29, 2025, the Company amended its unsecured revolving credit facility agreement to favorably adjust certain definitions and covenant calculations beginning with the period ending December 31, 2024. The amendment also resulted in a decrease in the total capacity from $900.0 million to $775.0 million.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III Real Estate and Accumulated Depreciation	Schedule III — Real Estate and Accumulated Depreciation December 31, 2024 (In thousands) Initial Costs Total Adjustment to Basis (1) Total Costs Year Built / Renovated Property name Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation (2) Year Acquired Office 875 Howard, San Francisco Bay Area, CA $ — $ 18,058 $ 41,046 $ 47,985 $ 18,058 $ 89,031 $ 107,089 $ (28,611) 1920/2001 2007 6040 Sunset, Los Angeles, CA (3) 1,100,000 6,599 27,187 29,237 6,599 56,424 63,023 (26,723) 2008 2008 ICON, Los Angeles, CA (3) — — — 164,257 — 164,257 164,257 (44,238) 2017 2008 CUE, Los Angeles, CA (3) — — — 49,553 — 49,553 49,553 (11,428) 2017 2008 EPIC, Los Angeles, CA (3) — 10,606 — 215,574 10,606 215,574 226,180 (41,316) 2019 2008 1455 Market, San Francisco Bay Area, CA — 41,226 34,990 59,954 41,226 94,944 136,170 (42,658) 1976/2016 2010 Rincon Center, San Francisco Bay Area, CA — 58,251 110,656 76,541 58,251 187,197 245,448 (69,384) 1961/2020 2010 10950 Washington, Los Angeles, CA — 17,979 25,110 12,007 17,979 37,117 55,096 (8,565) 1957/1974 2010 275 Brannan, San Francisco Bay Area, CA — 4,187 8,063 15,378 4,187 23,441 27,628 (12,818) 1905/2013 2011 625 Second, San Francisco Bay Area, CA — 10,744 42,650 7,743 10,744 50,393 61,137 (16,645) 1906/1999 2011 10900 Washington, Los Angeles, CA — 1,400 1,200 292 1,400 1,492 2,892 (440) 1973 2012 901 Market, San Francisco Bay Area, CA — 17,882 79,305 20,982 17,882 100,287 118,169 (36,000) 1912/1985 2012 Element LA, Los Angeles, CA 168,000 79,769 19,755 98,867 79,769 118,622 198,391 (36,745) 1949/2015 2012 2013 505 First, Greater Seattle, WA — 22,917 133,034 16,652 22,917 149,686 172,603 (41,778) 2010 2013 83 King, Greater Seattle, WA — 12,982 51,403 14,158 12,982 65,561 78,543 (22,357) 1904/2017 2013 Met Park North, Greater Seattle, WA — 28,996 71,768 (2,318) 28,996 69,450 98,446 (20,248) 2000 2013 411 First, Greater Seattle, WA — 27,684 29,824 29,582 27,684 59,406 87,090 (20,589) 1906/2017 2014 450 Alaskan, Greater Seattle, WA — — — 87,228 — 87,228 87,228 (20,332) 2017 2014 95 Jackson, Greater Seattle, WA — — — 18,254 — 18,254 18,254 (4,977) 1909/2018 2014 Palo Alto Square, San Francisco Bay Area, CA — — 326,033 44,078 — 370,111 370,111 (125,706) 1971/2018 2015 3400 Hillview, San Francisco Bay Area, CA — — 159,641 (4,735) — 154,906 154,906 (60,172) 1991 2015 Foothill Research Center, San Francisco Bay Area, CA — — 133,994 (39,053) — 94,941 94,941 (63,554) 1991 2015 Page Mill Center, San Francisco Bay Area, CA — — 147,625 20,814 — 168,439 168,439 (59,898) 1970/2020 2015 Clocktower Square, San Francisco Bay Area, CA — — 93,949 13,870 — 107,819 107,819 (31,711) 1983/2019 2015 Towers at Shore Center, San Francisco Bay Area, CA — 72,673 144,188 15,939 72,673 160,127 232,800 (48,421) 2001 2015 Shorebreeze, San Francisco Bay Area, CA — 69,448 59,806 21,138 69,448 80,944 150,392 (22,247) 1987 2015 555 Twin Dolphin, San Francisco Bay Area, CA — 40,614 73,457 19,568 40,614 93,025 133,639 (26,437) 1989 2015 333 Twin Dolphin, San Francisco Bay Area, CA — 36,441 64,892 19,455 36,441 84,347 120,788 (26,105) 1985/2017 2015 Metro Center, San Francisco Bay Area, CA — — 313,683 87,722 — 401,405 401,405 (112,348) 1986/2020 2015 Initial Costs Total Adjustment to Basis (1) Total Costs Year Built / Renovated Property name Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation (2) Year Acquired Concourse, San Francisco Bay Area, CA — 45,085 224,271 70,223 45,085 294,494 339,579 (81,665) 1990/2022 2015 Gateway, San Francisco Bay Area, CA — 33,117 121,217 61,135 33,117 182,352 215,469 (57,323) 1985/2017 2015 Metro Plaza, San Francisco Bay Area, CA — 16,038 106,156 72,188 16,038 178,344 194,382 (44,092) 1986/2021 2015 1740 Technology, San Francisco Bay Area, CA — 8,052 49,486 11,371 8,052 60,857 68,909 (14,586) 1985 2015 Skyport Plaza, San Francisco Bay Area, CA — 16,521 153,844 (1,669) 16,521 152,175 168,696 (38,397) 2001 2015 Techmart, San Francisco Bay Area, CA — — 66,660 21,117 — 87,777 87,777 (25,540) 1986/2019 2015 Fourth & Traction, Los Angeles, CA — 12,140 37,110 69,223 12,140 106,333 118,473 (35,804) 1915/2017 2015 Maxwell, Los Angeles, CA — 13,040 26,960 20,854 7,342 53,512 60,854 (19,644) 1924/2019 2015 11601 Wilshire, Los Angeles, CA — 28,978 321,273 69,184 28,978 390,457 419,435 (95,121) 1983/2018 2016 2017 Hill7, Greater Seattle, WA 101,000 36,888 137,079 20,161 36,888 157,240 194,128 (45,750) 2015 2016 Page Mill Hill, San Francisco Bay Area, CA — — 131,402 11,133 — 142,535 142,535 (37,372) 1975/2020 2016 Harlow, Los Angeles, CA — 7,455 — 85,378 7,455 85,378 92,833 (11,366) 2020 2017 Ferry Building, San Francisco Bay Area, CA (4) — — 268,292 56,468 — 324,760 324,760 (59,594) 1898/2003 2018 1918 Eighth, Greater Seattle, WA 314,300 38,477 545,773 31,758 38,477 577,531 616,008 (76,779) 2009 2020 5 th & Bell, Greater Seattle, WA — 20,866 82,072 17,148 20,866 99,220 120,086 (14,468) 2002 2021 Washington 1000, Greater Seattle, WA — 59,980 11,053 222,948 59,980 234,001 293,981 — Under development 2022 Studio 5801 Bobby Foster Road, Albuquerque, NM — 2,189 6,268 415 2,189 6,683 8,872 (565) 2008 2022 Sunset Gower Studios, Los Angeles, CA (3) — 101,477 64,697 83,919 101,477 148,616 250,093 (50,302) Various 2007 2011 2012 Sunset Bronson Studios, Los Angeles, CA (3) — 67,092 32,374 52,098 67,092 84,472 151,564 (38,289) Various 2008 Sunset Las Palmas Studios, Los Angeles, CA (3) — 134,488 104,392 67,604 134,488 171,996 306,484 (32,472) Various 2017 2018 Sunset Glenoaks Studios, Los Angeles, CA (5) 99,600 28,675 — 201,090 28,675 201,090 229,765 (829) 2024 2021 Various (6) — — — 51,961 — 51,961 51,961 (11,897) N/A 2022 TOTAL $ 1,782,900 $ 1,249,014 $ 4,683,638 $ 2,456,429 $ 1,243,316 $ 7,145,765 $ 8,389,081 $ (1,874,306) _____________ 1. Consists of capital expenditures and real estate development costs, write-offs due to disposals and impairment charges. 2. The Company computes depreciation using the straight-line method over the estimated useful lives over the shorter of the ground lease term or 39 years for building and improvements, 15 years for land improvements and over the shorter of the asset life or lease term for tenant and leasehold improvements. 3. These properties are encumbered by a $1.1 billion mortgage loan. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 10 to the Consolidated Financial Statements-Debt” for additional information on secured debt. 4. This property is encumbered by a $66.1 million debt due to our joint venture partner. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 10 to the Consolidated Financial Statements-Debt” for additional information on joint venture partner debt. 5. This property was consolidated as of December 31, 2024 and unconsolidated as of December 31, 2023. 6. Represents leasehold improvements capitalized in connection with the Company’s leasehold interests in 24 sound stages. The aggregate gross cost of property included above for federal income tax purposes approximated $8.8 billion, unaudited as of December 31, 2024. The following table reconciles the historical cost of total real estate held for investment and accumulated depreciation from January 1, 2022 to December 31, 2024: Year Ended December 31, 2024 2023 2022 Total investment in real estate, beginning of year $ 8,212,896 $ 8,716,572 $ 8,361,477 Additions during period: Asset acquisitions — — 101,653 Business acquisitions — — 47,741 Improvements, capitalized costs (1) 374,764 353,544 553,327 Total additions during period 374,764 353,544 702,721 Deductions during period Disposals (fully depreciated assets and early terminations) (124,575) (67,177) (51,812) Impairment loss (39,875) (48,480) (17,636) Cost of property sold (34,129) (741,563) (171,646) Total deductions during period (198,579) (857,220) (241,094) Ending balance, before reclassification to assets associated with real estate held for sale 8,389,081 8,212,896 8,823,104 Reclassification to assets associated with real estate held for sale (155,795) — (106,532) TOTAL INVESTMENT IN REAL ESTATE, END OF YEAR $ 8,233,286 $ 8,212,896 $ 8,716,572 Total accumulated depreciation, beginning of year $ (1,728,437) $ (1,541,271) $ (1,283,774) Additions during period: Depreciation of real estate (284,273) (340,019) (368,376) Total additions during period (284,273) (340,019) (368,376) Deductions during period: Deletions 124,575 66,122 55,939 Write-offs due to sale 13,829 86,731 40,556 Total deductions during period 138,404 152,853 96,495 Ending balance, before reclassification to assets associated with real estate held for sale (1,874,306) (1,728,437) (1,555,655) Reclassification to assets associated with real estate held for sale 83,198 — 14,384 TOTAL ACCUMULATED DEPRECIATION, END OF YEAR $ (1,791,108) $ (1,728,437) $ (1,541,271) _____________ 1. Sunset Glenoaks Studios was consolidated as of December 31, 2024 and unconsolidated as of December 31, 2023 and 2022. $187,772 of the additions during 2024 is related to its initial consolidation.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity Risk Management and Strategy We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan. We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework. This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use the NIST CSF as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. Our cybersecurity risk management program includes: • risk assessments designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment; • a security team principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents; • the use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security controls; • cybersecurity awareness training of our employees, incident response personnel, and senior management; • a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents; and • a third-party risk management process for service providers, suppliers, and vendors. Notwithstanding the foregoing, there can be no assurance that our cybersecurity risk management program and processes, including our policies, controls or procedures, will be fully implemented, complied with or effective in protecting our systems and information. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Cybersecurity Governance Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the “Committee”) oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our cybersecurity risk management program. The Committee receives quarterly reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cyber risk management program. Board members receive presentations on cybersecurity topics from our SVP, Information Technology, as well as our Risk Committee, which includes our Chief Financial Officer, EVP, Business Affairs and General Counsel and Chief Risk Officer, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies. Our management team, including our Chief Financial Officer, EVP, Business Affairs and General Counsel and Chief Risk Officer, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team’s experience includes technical and managerial expertise, enabling them to proficiently design, engineer, and oversee the organization’s overall security stance. Their capabilities encompass a wide range of skills, including proficiency in Security and Risk Management, Vulnerability Management, as well as expertise in Network Security and Operations, and Security Architecture. Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from internal security personnel; threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us; and alerts and reports produced by security tools deployed in the IT environment.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the “Committee”) oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our cybersecurity risk management program.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Committee receives quarterly reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential.
Cybersecurity Risk Role of Management [Text Block]	Our management team, including our Chief Financial Officer, EVP, Business Affairs and General Counsel and Chief Risk Officer, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team’s experience includes technical and managerial expertise, enabling them to proficiently design, engineer, and oversee the organization’s overall security stance. Their capabilities encompass a wide range of skills, including proficiency in Security and Risk Management, Vulnerability Management, as well as expertise in Network Security and Operations, and Security Architecture. Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from internal security personnel; threat intelligence and other information
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our management team, including our Chief Financial Officer, EVP, Business Affairs and General Counsel and Chief Risk Officer, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our management team’s experience includes technical and managerial expertise, enabling them to proficiently design, engineer, and oversee the organization’s overall security stance. Their capabilities encompass a wide range of skills, including proficiency in Security and Risk Management, Vulnerability Management, as well as expertise in Network Security and Operations, and Security Architecture
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cyber risk management program. Board members receive presentations on cybersecurity topics from our SVP, Information Technology, as well as our Risk Committee, which includes our Chief Financial Officer, EVP, Business Affairs and General Counsel and Chief Risk Officer, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 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”). Any references to the number of properties, acres and square footage are unaudited and outside the scope of the Company’s independent registered public accounting firm’s audit of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board (“PCAOB”).
Principles of Consolidation	Principles of Consolidation The 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. As of December 31, 2024 and 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 December 31, 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. On August 28, 2023, the Company entered into a joint venture with subsidiaries of Blackstone Property Partners and Vornado Realty Trust to develop Sunset Pier 94 Studios in the borough of Manhattan in New York, New York. The Company owns approximately 26% of the ownership interests in the joint venture. 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) income 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 6 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 assets acquired and liabilities assumed in business combination transactions, the fair values of its goodwill and intangible assets, 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.
Acquisitions and Investment in Real Estate Properties	Acquisitions The Company evaluates each acquisition to determine if the integrated set of assets and activities acquired meets the definition of a business and needs to be accounted for as a business combination in accordance with ASC 805. An integrated set of assets and activities would fail to qualify as a business if either (i) substantially all of the fair value of the gross assets acquired is concentrated in either a single identifiable asset or a group of similar identifiable assets or (ii) the integrated set of assets and activities is lacking, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs (i.e., revenue generated before and after the transaction). Acquisitions of real estate will generally not meet the definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e., land, buildings and improvements and related intangible assets or liabilities) or because the acquisition does not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. When the Company acquires properties that are considered asset acquisitions, the purchase price is allocated based on relative fair value of the assets acquired and liabilities assumed. There is no measurement period concept for asset acquisitions, with the purchase price accounting being final in the period of acquisition. Additionally, acquisition-related expenses associated with asset acquisitions are capitalized as part of the purchase price. The Company assesses fair value based on Level 2 and Level 3 inputs within the fair value framework, which includes estimated cash flow projections that utilize appropriate discount, capitalization rates, renewal probability and available market information, which includes market rental rate and market rent growth rates. Estimates of future cash flows are based on a number of factors, including historical operating results, known and anticipated trends, and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it were vacant. The fair values of acquired “above- and below-” market leases are based on the estimated cash flow projections utilizing discount rates that reflect the risks associated with the leases acquired. The amount recorded is based on the present value of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the extended below-market term for any leases with below-market renewal options. Other intangible assets acquired include amounts for in-place lease values that are based on the Company’s evaluation of the specific characteristics of each tenant’s lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes estimates of lost rents at market rates during the hypothetical expected lease-up periods, which are dependent on local market conditions. In estimating costs to execute similar leases, the Company considers commissions, legal and other leasing-related costs. The fair value of debt assumed is based on the estimated cash flow projections utilizing interest rates available for the issuance of debt with similar terms and remaining maturities. Investment in Real Estate Properties Cost Capitalization The Company capitalizes costs associated with development and redevelopment activities, capital improvements, tenant improvements and leasing activity. Costs associated with development and redevelopment that are capitalized include interest, property taxes, insurance and other costs directly related and essential to the acquisition, development or construction of a real estate project. Indirect development costs, including salaries and benefits, office rent, and associated costs for those individuals directly responsible for and who spend their time on development activities are also capitalized and allocated to the projects to which they relate. Construction and development costs are capitalized while substantial activities are ongoing to prepare an asset for its intended use. The Company considers a construction project as substantially complete and held available for occupancy upon the completion of tenant improvements but no later than one year after cessation of major construction activity. Costs incurred after a project is substantially complete and ready for its intended use, or after development activities have ceased, are expensed as they are incurred. Costs previously capitalized that related to abandoned acquisitions or developments are charged to earnings. Expenditures for repairs and maintenance are expensed as they are incurred.
Business Combinations	Business Combinations From time to time, we may enter into business combinations. In accordance with ASC 805, 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. Acquired intangible assets are valued using different methods under the income approach, including the excess earnings method for customer relationships, the relief-from-royalty method for trade names, and the lost profits method for non-compete agreements. The fair values of acquired “above- and below-” market leases are estimated based on the present value of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the extended below-market term for any leases with below-market renewal options. Acquired property, plant and equipment is valued using the cost approach, including consideration of reproduction or replacement costs, economic depreciation and obsolescence. We measure goodwill as the excess of consideration transferred over the net of the acquisition date fair values of the identifiable assets acquired and liabilities assumed. Goodwill is assigned to each reporting unit that is expected to benefit from the synergies of the business combination. Acquisition-related expenses and transaction costs associated with business combinations are expensed in the period incurred which is included in the transaction-related expenses line item of the Consolidated Statements of Operations. The acquisition method of accounting requires us to make significant estimates and assumptions regarding the fair value of the identifiable assets and liabilities of the acquired entity on the acquisition date. The Company estimates the fair value using observable inputs classified as Level 2 and unobservable inputs classified as Level 3 of the fair value hierarchy. Significant estimates and assumptions include subjective and/or complex judgments regarding items such as revenue growth rates, long-term growth rates, discount rates, customer retention rates, royalty rates, market rental rates and other factors, including estimating future cash flows that we expect to generate from the acquired assets.
Operating Properties	Operating Properties The properties are generally carried at cost, less accumulated depreciation and amortization. The Company computes depreciation and amortization using the straight-line method over the estimated useful lives of the assets as represented in the table below: Asset Description Estimated Useful Life (Years) Building and improvements Shorter of the ground lease term or 39 Land improvements 15 Furniture and fixtures 5 to 7 Tenant and leasehold improvements Shorter of the estimated useful life or the lease term The Company amortizes above- and below-market lease intangibles over the remaining non-cancellable lease terms and bargain renewal periods, if applicable. The in-place lease intangibles are amortized over the remaining non-cancellable lease term. When tenants vacate prior to the expiration of a lease, the amortization of intangible assets and liabilities is accelerated. The Company amortizes above- and below-market ground lease intangibles over the remaining non-cancellable lease terms.
Held for sale	Held for Sale The Company classifies properties as held for sale when certain criteria set forth in ASC 360, Property, Plant, and Equipment , are met. These criteria include (i) whether the Company is committed to a plan to sell, (ii) whether the asset or disposal group is available for immediate sale, (iii) whether an active program to locate a buyer and other actions required to complete the plan to sell have been initiated, (iv) whether the sale of the asset or disposal group is probable (i.e., likely to occur) and the transfer is expected to qualify for recognition as a completed sale within one year, (v) whether the long-lived asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value, (vi) whether actions necessary to complete the plan indicate that it is unlikely significant changes to the plan will be made or that the plan will be withdrawn. At the time a property is classified as held for sale, the Company reclassifies its assets and liabilities to held for sale on the Consolidated Balance Sheets for all periods presented and ceases recognizing depreciation expense. Properties held for sale are reported at the lower of their carrying value or their estimated fair value, less estimated costs to sell. The estimated fair value is generally based on a purchase and sale agreement, letter of intent, or a broker estimated value of the property. The Company will recognize an impairment loss on real estate assets held for sale when the carrying value is greater than the fair value, which is based on the estimated sales price of the property, which is classified within Level 2 of the fair value hierarchy. 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 Level 2 inputs. According to ASC 205, Presentation of Financial Statements
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company assesses the carrying value of real estate assets and related intangibles for impairment on a quarterly basis and whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable over the life of the asset or its intended holding period. We evaluate our real estate assets for impairment on a property-by-property basis. Indicators we consider to determine whether an impairment evaluation is necessary include, but are not limited to, deterioration in operating cash flows, low occupancy levels, significant near-term lease expirations, default or bankruptcy by a significant tenant and expectations that, more likely than not, a property will be sold or otherwise disposed of before the end of its previously estimated useful life or hold period.
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 on December 31st, 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. The Studio operating segment consists of two reporting units: Sunset Studios and Quixote. The Quixote reporting unit consists of the Zio Entertainment Network, LLC (“Zio”) and Star Waggons, LLC (“Star Waggons”) businesses acquired in 2021 and the Quixote Studios, LLC (“Quixote”) business acquired in 2022, which have since been integrated as a single business. 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
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents are defined as cash on hand and in banks, plus all short-term investments with a maturity of three months or less when purchased. Restricted cash primarily consists of amounts held by lenders to fund reserves such as capital improvements, taxes, insurance, debt service and operating expenditures. The Company maintains some of its cash in bank deposit accounts that, at times, may exceed the federally insured limit. No losses have been experienced related to such accounts.
Receivables	Receivables The Company accounts for receivables related to rental revenues according to ASC 842, Leases . The guidance requires the Company to assess, at lease commencement and subsequently, collectability of future lease payments from its tenants. If the Company determines collectability is not probable, it recognizes an adjustment to lower income from rentals. For amounts deemed probable of collection, the Company may also record an allowance under other authoritative GAAP based on the evaluation of individual receivables, including specific credit enhancements and other relevant factors.
Lease Accounting, Lessee Accounting	Lease Accounting The Company accounts for its leases under 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. For lessors, the guidance provides for a practical expedient, by class of underlying asset, to elect a combined single lease component presentation if (i) the timing and pattern of the transfer of the combined single lease component is the same, and (ii) the related lease component, if accounted for separately, would be classified as an operating lease. The practical expedient was elected only for the Company’s leases related to the office properties. For the Company’s studio properties, the timing and pattern of the transfer of the lease components and non-lease components for studio properties are not the same and therefore the Company did not elect this practical expedient for the Company’s studio properties. The standalone selling price related to the studio non-lease components is readily available and does not require estimates. Lessee Accounting The Company determines if an arrangement is a lease at inception. The Company’s operating lease agreements relate to ground 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. 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 21 years as of December 31, 2024. 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. ROU assets further 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.
Lease Accounting, Lessor Accounting	Lease Accounting The Company accounts for its leases under 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. For lessors, the guidance provides for a practical expedient, by class of underlying asset, to elect a combined single lease component presentation if (i) the timing and pattern of the transfer of the combined single lease component is the same, and (ii) the related lease component, if accounted for separately, would be classified as an operating lease. The practical expedient was elected only for the Company’s leases related to the office properties. For the Company’s studio properties, the timing and pattern of the transfer of the lease components and non-lease components for studio properties are not the same and therefore the Company did not elect this practical expedient for the Company’s studio properties. The standalone selling price related to the studio non-lease components is readily available and does not require estimates. 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”). ASC 842 defines initial direct costs as only the incremental costs of signing a lease. Internal direct compensation costs and external legal fees related to the execution of successful lease agreements that do not meet the definition of initial direct costs under ASC 842 are accounted for as office operating expense or studio operating expense in the Company’s Consolidated Statements of Operations.
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 (loss) 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. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to: • whether the lease stipulates how and on what a tenant improvement allowance may be spent; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. The Company does not account for lease concessions related to the effects of the COVID-19 pandemic as lease modifications to the extent that the concessions are granted as payment deferrals and total payments remain substantially the same during the lease term. 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.
Deferred Financing Costs and Debt Discount/Premium	Deferred Financing Costs and Debt Discount/Premium Deferred financing costs are amortized over the contractual loan term into interest expense on the Consolidated Statements of Operations. Deferred financing costs, and related amortization, related to the unsecured revolving credit facility and undrawn term loans are presented within prepaid expenses and other assets, net on the Consolidated Balance Sheets. All other deferred financing costs and related amortization are included within the respective debt line items on the Consolidated Balance Sheets.
Derivative Instruments	Derivative Instruments The Company manages interest rate risk associated with borrowings by entering into derivative instruments. The Company recognizes all derivative instruments on the Consolidated Balance Sheets on a gross basis at fair value. Derivative instruments are adjusted to fair value at the balance sheet date. The change in the fair value of derivatives designated as cash flow hedges is recorded in accumulated other comprehensive loss and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The change in the fair value derivatives not designated as hedges is recorded within earnings immediately.
Income Taxes	Income Taxes 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. Accordingly, a provision for foreign income taxes has been recorded in the accompanying consolidated financial statements based on the local tax laws and regulations of the respective tax jurisdictions. The Company 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. The Company believes that it has operated in a manner that has allowed the Company to qualify as a REIT for federal income tax purposes commencing with such taxable year, and the Company intends to continue operating in such manner. To qualify as a REIT, the Company is required to distribute at least 90% of its REIT taxable income, excluding net capital gains, to the Company’s stockholders and to meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. Provided that it continues to qualify for taxation as a REIT, the Company is generally not subject to corporate-level income tax on the earnings distributed currently to its stockholders. If the Company were to fail to qualify as a REIT in any taxable year, and were unable to avail itself of certain savings provisions set forth in the Code, all of its taxable income would be subject to federal corporate income tax. Unless entitled to relief under specific statutory provisions, the Company would be ineligible to elect to be treated as a REIT for the four taxable years following the year for which the Company loses its qualification. It is not possible to state whether in all circumstances the Company would be entitled to this statutory relief. The Company may acquire direct or indirect interests in one or more Subsidiary REITs. A Subsidiary REIT is subject to the various REIT qualification requirements and other limitations described herein that are applicable to the Company. If a Subsidiary REIT were to fail to qualify as a REIT, then (i) that Subsidiary REIT would become subject to federal income tax, (ii) shares in such REIT would cease to be qualifying assets for purposes of the asset tests applicable to REITs and (iii) it is possible that the Company would fail certain of the asset tests applicable to REITs, in which event the Company would fail to qualify as a REIT unless the Company could avail itself of certain relief provisions. The Company believes that its operating partnership is properly treated as a partnership for federal income tax purposes. As a partnership, the Company’s operating partnership is not subject to federal income tax on its income. Instead, each of its partners, including the Company, is allocated, and may be required to pay tax with respect to, its share of the operating partnership’s income. As such, no provision for federal income taxes has been included for the operating partnership. The Company has elected, together with certain of its subsidiaries, to treat each such subsidiary as a 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 is subject to the statutory requirements of the states in which it conducts business. 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 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 December 31, 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 December 31, 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.
Stock-Based Compensation	Stock-Based Compensation Compensation cost of restricted stock, restricted stock units and performance units under the Company’s equity incentive award plans are accounted for under ASC 718, Compensation-Stock Compensation . The Company accounts for forfeitures of awards as they occur. Share-based payments granted to non-employees are accounted for in the same manner as share-based payments granted to employees.
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities The Company measures certain financial instruments at fair value on a recurring basis while certain financial instruments and balances are measured at fair value on a non-recurring basis (e.g., carrying value of impaired real estate and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. 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 requires inputs that are both significant to the fair value measurement and unobservable. When available, the Company utilizes quoted market prices from an independent third party source to determine fair value and classifies such items in Level 1 or Level 2. When the Company determines the market for a financial instrument owned by the Company to be illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and establishes a fair value by assigning weights to the various valuation sources.
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 after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, and should be applied retrospectively to all prior periods presented in the financial statements. During the year ended December 31, 2024, the amendments in ASU 2023-07 were adopted retrospectively and did not have a significant impact 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 after December 15, 2024, 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. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses . The amendments will require public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. The amendments are effective for the Company’s annual reporting periods beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027, 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)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Company's portfolio	The following table summarizes the Company’s portfolio as of December 31, 2024: Segments Number of Properties Square Feet (unaudited) Consolidated portfolio Office 44 13,092,596 Studio 4 1,477,412 Future development 5 1,616,242 Total consolidated portfolio 53 16,186,250 Unconsolidated portfolio (1) Office (2) 1 1,537,159 Studio (3) 1 232,000 Future development (4) 2 1,617,347 Total unconsolidated portfolio 4 3,386,506 TOTAL 57 19,572,756 _________________ 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. 4. Includes land for the Burrard Exchange and Sunset Waltham Cross Studios.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	As of December 31, 2024, the operating partnership has determined that 14 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 % Sun Valley Services, LLC None (4) 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 is the taxable REIT subsidiary (“TRS”) which 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 are the TRS subsidiaries related to Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios, 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. 4. Sun Valley Services, LLC is the TRS related to 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 $90.1 million at Bentall Centre and $7.6 million at Sunset Pier 94 Studios, respectively. The likelihood of loss relating to the guarantees is remote as of December 31, 2024. 4. 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 December 31, 2024.
Schedule of Costs Capitalized	The Company recognized the following capitalized costs associated with development and redevelopment activities: Year Ended December 31, 2024 2023 2022 Capitalized personnel costs $ 13,692 $ 16,496 $ 18,098 Capitalized interest $ 40,367 $ 32,253 $ 18,031
Schedule of Property, Plant and Equipment Net	The Company computes depreciation and amortization using the straight-line method over the estimated useful lives of the assets as represented in the table below: Asset Description Estimated Useful Life (Years) Building and improvements Shorter of the ground lease term or 39 Land improvements 15 Furniture and fixtures 5 to 7 Tenant and leasehold improvements Shorter of the estimated useful life or the lease term The following table summarizes the Company’s non-real estate property, plant and equipment, net as of: December 31, 2024 December 31, 2023 Trailers $ 77,903 $ 70,462 Production equipment 42,954 37,100 Trucks and other vehicles 22,035 20,044 Leasehold improvements 21,792 15,888 Furniture, fixtures and equipment 2,454 6,112 Other equipment 14,912 6,959 Non-real estate property, plant and equipment, at cost 182,050 156,565 Accumulated depreciation (54,983) (37,782) NON-REAL ESTATE PROPERTY, PLANT AND EQUIPMENT, NET $ 127,067 $ 118,783
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: December 31, 2024 2023 2022 BEGINNING OF THE PERIOD Cash and cash equivalents $ 100,391 $ 255,761 $ 96,555 Restricted cash 18,765 29,970 100,321 TOTAL $ 119,156 $ 285,731 $ 196,876 END OF THE PERIOD Cash and cash equivalents $ 63,256 $ 100,391 $ 255,761 Restricted cash 35,921 18,765 29,970 TOTAL $ 99,177 $ 119,156 $ 285,731
Schedule of Restricted 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: December 31, 2024 2023 2022 BEGINNING OF THE PERIOD Cash and cash equivalents $ 100,391 $ 255,761 $ 96,555 Restricted cash 18,765 29,970 100,321 TOTAL $ 119,156 $ 285,731 $ 196,876 END OF THE PERIOD Cash and cash equivalents $ 63,256 $ 100,391 $ 255,761 Restricted cash 35,921 18,765 29,970 TOTAL $ 99,177 $ 119,156 $ 285,731
Schedule of Revenue Streams	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 (loss) 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: Year Ended December 31, 2024 2023 2022 Ancillary revenues $ 91,193 $ 76,099 $ 107,075 Other revenues $ 17,187 $ 17,650 $ 23,118 Studio-related tenant recoveries $ 2,185 $ 2,177 $ 1,951 Management fee income $ 5,269 $ 6,181 $ 7,972 Management services reimbursement income $ 4,119 $ 4,125 $ 4,163 The following table summarizes the Company’s receivables that are accounted for under ASC 606: December 31, 2024 December 31, 2023 Ancillary revenues $ 4,834 $ 5,478 Other revenues $ 1,107 $ 954

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table reconciles the beginning and ending balances of goodwill: Balance, December 31, 2023 $ 264,144 Impairment loss (107,615) Balance, December 31, 2024 $ 156,529

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	12 Months Ended
	Dec. 31, 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: December 31, 2024 December 31, 2023 Land $ 1,235,974 $ 1,220,339 Building and improvements 6,101,787 5,969,364 Tenant and leasehold improvements 728,186 818,653 Furniture and fixtures 5,895 8,609 Property under development 161,444 195,931 INVESTMENT IN REAL ESTATE, AT COST $ 8,233,286 $ 8,212,896
Schedule of Real Estate Dispositions	The following table summarizes information on dispositions completed during the years ended December 31, 2024 and 2023: Property Segment Date of Disposition Square Feet (unaudited) Sales Price (1) (in millions) (Loss) Gain on Sale (2) (in millions) 2024 Dispositions 3176 Porter Office 12/10/2024 46,759 $ 24.8 $ (2.2) 2023 Dispositions Skyway Landing Office 2/6/2023 246,997 $ 102.0 $ 7.0 604 Arizona Office 8/24/2023 44,260 32.5 10.3 3401 Exposition Office 8/25/2023 63,376 40.0 5.8 Cloud10 Office 11/21/2023 350,000 43.5 19.9 One Westside & Westside Two Office 12/27/2023 686,725 700.0 60.2 Total 2023 Dispositions $ 918.0 $ 103.2 _____________ 1. Represents gross sales price before certain credits, prorations and closing costs. 2. Included within (loss) gain on sale of real estate on the Consolidated Statements of Operations.
Schedule of Held for Sale	The following table summarizes the components of assets and liabilities associated with real estate held for sale as of December 31, 2024: Foothill Research Center Maxwell ASSETS Investment in real estate, net $ 31,387 $ 41,210 Straight-line rent receivables, net 386 2,206 Deferred leasing costs and intangible assets, net 1,328 528 Operating lease right-of-use asset 5,890 — Prepaid expenses and other assets, net 102 76 ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 39,093 $ 44,020 LIABILITIES Accounts payable, accrued liabilities and other $ 13,201 $ 195 Operating lease liabilities 15,827 — Intangible liabilities, net 228 — Security deposits and prepaid rent 1,539 127 LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE $ 30,795 $ 322

Non-Real Estate Property, Pla_2

Non-Real Estate Property, Plant and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment Net	The Company computes depreciation and amortization using the straight-line method over the estimated useful lives of the assets as represented in the table below: Asset Description Estimated Useful Life (Years) Building and improvements Shorter of the ground lease term or 39 Land improvements 15 Furniture and fixtures 5 to 7 Tenant and leasehold improvements Shorter of the estimated useful life or the lease term The following table summarizes the Company’s non-real estate property, plant and equipment, net as of: December 31, 2024 December 31, 2023 Trailers $ 77,903 $ 70,462 Production equipment 42,954 37,100 Trucks and other vehicles 22,035 20,044 Leasehold improvements 21,792 15,888 Furniture, fixtures and equipment 2,454 6,112 Other equipment 14,912 6,959 Non-real estate property, plant and equipment, at cost 182,050 156,565 Accumulated depreciation (54,983) (37,782) NON-REAL ESTATE PROPERTY, PLANT AND EQUIPMENT, NET $ 127,067 $ 118,783

Investment in Unconsolidated _2

Investment in Unconsolidated Real Estate Entities (Tables)	12 Months Ended
	Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Variable Interest Entities	As of December 31, 2024, the operating partnership has determined that 14 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 % Sun Valley Services, LLC None (4) 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 is the taxable REIT subsidiary (“TRS”) which 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 are the TRS subsidiaries related to Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios, 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. 4. Sun Valley Services, LLC is the TRS related to 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 $90.1 million at Bentall Centre and $7.6 million at Sunset Pier 94 Studios, respectively. The likelihood of loss relating to the guarantees is remote as of December 31, 2024. 4. 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 December 31, 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: December 31, 2024 December 31, 2023 (1) ASSETS Investment in real estate, net $ 1,089,951 $ 1,295,449 Other assets 41,177 40,790 TOTAL ASSETS 1,131,128 1,336,239 LIABILITIES Secured debt, net 447,581 564,949 Other liabilities 49,115 46,947 TOTAL LIABILITIES 496,696 611,896 Company’s capital (2) 193,732 225,898 Partner's capital 440,700 498,445 TOTAL CAPITAL 634,432 724,343 TOTAL LIABILITIES AND CAPITAL $ 1,131,128 $ 1,336,239 _____________ 1. Includes balances related to Sunset Glenoaks Studios, which was accounted for as an equity method investment as of December 31, 2023 but was accounted for as a consolidated entity as of December 31, 2024. 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 in the (loss) income from unconsolidated 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: Year Ended December 31, 2024 2023 2022 TOTAL REVENUES $ 72,754 $ 70,200 $ 83,441 TOTAL EXPENSES (106,340) (88,876) (78,083) NET (LOSS) INCOME $ (33,586) $ (18,676) $ 5,358

Deferred Leasing Costs and In_2

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net (Tables)	12 Months Ended
	Dec. 31, 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: December 31, 2024 December 31, 2023 Deferred leasing costs and in-place lease intangibles $ 244,463 $ 290,969 Accumulated amortization (116,868) (150,457) Deferred leasing costs and in-place lease intangibles, net 127,595 140,512 Lease incentives 34,352 — Accumulated amortization (1,203) — Lease incentives, net 33,149 — Below-market ground leases 74,930 77,943 Accumulated amortization (21,626) (20,733) Below-market ground leases, net 53,304 57,210 Above-market leases 636 673 Accumulated amortization (437) (376) Above-market leases, net 199 297 Customer relationships 97,900 97,900 Accumulated amortization (40,380) (26,363) Customer relationships, net 57,520 71,537 Non-competition agreements 8,200 8,200 Accumulated amortization (4,926) (3,279) Non-competition agreements, net 3,274 4,921 Trade name 37,200 37,200 Parking easement 15,273 15,273 DEFERRED LEASING COSTS AND INTANGIBLE ASSETS, NET $ 327,514 $ 326,950 Below-market leases $ 40,535 $ 58,833 Accumulated amortization (18,697) (31,785) Below-market leases, net 21,838 27,048 Above-market ground leases — 1,095 Accumulated amortization — (392) Above-market ground leases, net — 703 INTANGIBLE LIABILITIES, NET $ 21,838 $ 27,751
Schedule of Amortization During Period	The Company recognized the following amortization related to deferred leasing costs and intangibles: For the Year Ended December 31, 2024 2023 2022 Deferred leasing costs and in-place lease intangibles (1) $ (33,106) $ (36,791) $ (40,171) Lease incentives (2) $ (1,203) $ — $ — Below-market ground leases (3) $ (2,669) $ (2,795) $ (2,775) Above-market leases (2) $ (57) $ (62) $ (124) Customer relationships (1) $ (14,016) $ (14,017) $ (9,662) Non-competition agreements (1) $ (1,647) $ (1,647) $ (1,253) Below-market leases (2) $ 4,982 $ 6,297 $ 8,156 Above-market ground leases (3) $ 43 $ 43 $ 43 _____________ 1. Amortization is recorded in depreciation and amortization expenses and for lease incentive costs. 2. Amortization is recorded in office rental revenues on the Consolidated Statements of Operations. 3. Amortization is recorded in office operating expenses on the Consolidated Statements of Operations.
Schedule of Future Amortization Expense	The following table provides information regarding the Company’s estimated future amortization of deferred leasing costs and intangibles as of December 31, 2024 : For the Year Ended December 31, Deferred Leasing Costs and In-place Lease Intangibles Lease incentives Below-market Ground Leases Above-market Leases Customer relationships Non-competition agreements Below-market Leases 2025 $ (26,628) $ (2,405) $ (2,563) $ (49) $ (13,986) $ (1,640) $ 4,066 2026 (23,205) (2,388) (2,563) (44) (13,986) (1,237) 3,981 2027 (19,821) (2,388) (2,563) (43) (13,986) (397) 3,913 2028 (16,474) (2,388) (2,563) (32) (11,301) — 3,832 2029 (13,217) (2,388) (2,563) (31) (4,261) — 3,458 Thereafter (28,250) (21,192) (40,489) — — — 2,588 TOTAL $ (127,595) $ (33,149) $ (53,304) $ (199) $ (57,520) $ (3,274) $ 21,838
Schedule of Estimated Amortization Income	The following table provides information regarding the Company’s estimated future amortization of deferred leasing costs and intangibles as of December 31, 2024 : For the Year Ended December 31, Deferred Leasing Costs and In-place Lease Intangibles Lease incentives Below-market Ground Leases Above-market Leases Customer relationships Non-competition agreements Below-market Leases 2025 $ (26,628) $ (2,405) $ (2,563) $ (49) $ (13,986) $ (1,640) $ 4,066 2026 (23,205) (2,388) (2,563) (44) (13,986) (1,237) 3,981 2027 (19,821) (2,388) (2,563) (43) (13,986) (397) 3,913 2028 (16,474) (2,388) (2,563) (32) (11,301) — 3,832 2029 (13,217) (2,388) (2,563) (31) (4,261) — 3,458 Thereafter (28,250) (21,192) (40,489) — — — 2,588 TOTAL $ (127,595) $ (33,149) $ (53,304) $ (199) $ (57,520) $ (3,274) $ 21,838

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets, net (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Assets, Net	The following table represents the Company’s prepaid expenses and other assets, net as of: December 31, 2024 December 31, 2023 Non-real estate investments $ 50,373 $ 48,581 Deferred tax assets 8 2,412 Interest rate derivative assets 4,325 6,441 Prepaid insurance 10,074 10,611 Deferred financing costs, net 2,165 4,316 Prepaid property tax 2,129 2,075 Other 21,040 19,709 PREPAID EXPENSES AND OTHER ASSETS, NET $ 90,114 $ 94,145

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table sets forth information with respect to our outstanding indebtedness: December 31, 2024 December 31, 2023 Interest Rate (1) Contractual Maturity Date (2) UNSECURED AND SECURED DEBT Unsecured debt Unsecured revolving credit facility (3)(4)(5) $ 320,000 $ 192,000 SOFR + 1.15% to 1.60% 12/21/2026 (6) 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 (7) 350,000 350,000 5.95% 2/15/2028 Total unsecured debt 2,435,000 2,307,000 Secured debt Hollywood Media Portfolio 1,100,000 1,100,000 SOFR + 1.10% 8/9/2026 (8) Acquired Hollywood Media Portfolio debt (30,233) (30,233) SOFR + 2.11% 8/9/2026 (8) Hollywood Media Portfolio, net (9)(10) 1,069,767 1,069,767 Element LA 168,000 168,000 4.59% 11/6/2025 1918 Eighth (11) 314,300 314,300 SOFR + 1.40% 12/18/2025 Hill7 (12) 101,000 101,000 3.38% 11/6/2028 Sunset Glenoaks Studios (13)(14) 99,600 — SOFR + 3.10% 1/9/2027 (15) Total secured debt 1,752,667 1,653,067 Total unsecured and secured debt 4,187,667 3,960,067 Unamortized deferred financing costs/loan discounts (16) (10,823) (14,753) TOTAL UNSECURED AND SECURED DEBT, NET $ 4,176,844 $ 3,945,314 JOINT VENTURE PARTNER DEBT (17) $ 66,136 $ 66,136 4.50% 10/9/2032 (18) _____________ 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 December 31, 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 December 31, 2024, no such election had been made and the unsecured revolving credit facility bore interest at SOFR + 1.35%. 4. In January 2025, the Company amended its credit facility agreement to favorably adjust certain definitions and covenant calculations beginning with the quarter ending December 31, 2024. The amendment also resulted in a decrease in the total capacity from $900.0 million to $775.0 million. Up to $193.8 million of the total capacity 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. Subsequent to December 31, 2024, the Company made a net repayment of $27.0 million on the unsecured revolving credit facility. 6. Includes the option to extend the initial maturity date of December 21, 2025 twice for an additional six-month term each at the sole discretion of the Company. 7. An amount equal to the net proceeds from the 5.95% registered senior notes has been allocated to new or existing eligible green projects. 8. Includes the option to extend the initial maturity date of August 9, 2023 three times for an additional one-year term each at the sole discretion of the Company. The first and second extension options were executed on August 9, 2023 and June 13, 2024 respectively. 9. The Company purchased bonds comprising the loan in the amount of $30.2 million. 10. The floating interest rate on $539.0 million of principal has been capped at 6.01% through the use of an interest rate cap. The floating interest rate on $351.2 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. 11. 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. 12. 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. 13. 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 floating interest rate on the full principal amount has been effectively capped at 4.50% through the use of an interest rate cap. The Company has provided various guarantees for this loan, including an equity guarantee and a recourse carve-out guarantee. 14. Sunset Glenoaks Studios was consolidated as of December 31, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 balance is reported at $0. 15. Includes the option to extend the initial maturity date of January 9, 2025 twice for an additional one-year term each permitting certain financial covenants are met. The first extension option was executed on October 30, 2024. 16. 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. Refer to Note 9 for details. 17. 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. 18. Includes the option to extend the initial maturity date of October 9, 2028 twice for an additional two-year term each permitting certain financial covenants are met.
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 December 31, 2024: For the Year Ended December 31, Unsecured and Secured Debt Joint Venture Partner Debt 2025 $ 741,300 $ — 2026 1,539,767 — 2027 555,600 — 2028 451,000 — 2029 500,000 — Thereafter 400,000 66,136 TOTAL $ 4,187,667 $ 66,136
Schedule of Existing Covenants and Their Covenant Levels	The following table summarizes existing covenants and their covenant levels as of December 31, 2024 related to our unsecured revolving credit facility and term loans: Covenant Ratio Covenant Level Actual Performance Total liabilities to total asset value (2) ≤ 65% 46.5% Unsecured indebtedness to unencumbered asset value (2) ≤ 65% 41.5% Adjusted EBITDA to fixed charges (1) ≥ 1.4x 1.7x Secured indebtedness to total asset value ≤ 45% 20.1% Unencumbered net operating income to unsecured interest expense (1) ≥ 1.75x 2.2x _________________ 1. The January 2025 amended credit facility agreement lowered the minimum required ratio of adjusted EBITDA to fixed charges from 1.5x to 1.4x and of unencumbered NOI to unsecured interest expense from 2.0x to 1.75x for any quarter after September 30, 2024. Additionally, the credit facility amendment adjusted certain definitions and covenant calculations for the purpose of determining total asset value and unencumbered asset value assets. 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 as of December 31, 2024 related to our private placement notes: Covenant Ratio (1) Covenant Level Actual Performance Total liabilities to total asset value (2) ≤ 60% 54.6% Unsecured indebtedness to unencumbered asset value (2) ≤ 65% 58.8% Adjusted EBITDA to fixed charges ≥ 1.5x 1.7x Secured indebtedness to total asset value ≤ 45% 23.6% Unencumbered net operating income to unsecured interest expense ≥ 2.0x 2.2x _________________ 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 as of December 31, 2024 related to our registered senior notes: Covenant Ratio (1) Covenant Level Actual Performance Debt to total assets ≤ 60% 45.0% Total unencumbered assets to unsecured debt ≥ 150% 255.0% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 1.7x Secured debt to total assets ≤ 45% 19.4% _________________ 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 Gross Interest Expense and Interest Expense	The following table represents a reconciliation from gross interest expense to the interest expense line item on the Consolidated Statements of Operations: Year Ended December 31, 2024 2023 2022 Gross interest expense (1) $ 210,022 $ 224,801 $ 162,778 Capitalized interest (40,367) (32,253) (18,031) Non-cash interest expense (2) 7,738 21,867 5,154 INTEREST EXPENSE $ 177,393 $ 214,415 $ 149,901 _________________ 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)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative 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 December 31, 2024 and December 31, 2023: Underlying Debt Instrument Type of Instrument Accounting Policy Notional Amount Effective Date Maturity Date Interest Rate Fair Value Assets (Liabilities) December 31, 2024 December 31, 2023 Sunset Glenoaks Studios (1) Cap Cash flow hedge $ 100,600 August 2022 January 2025 4.50% $ — $ — Sunset Glenoaks Studios Cap Cash flow hedge $ 100,600 January 2025 January 2026 4.50% 72 — 1918 Eighth Swap Cash flow hedge $ 172,865 February 2023 October 2025 3.75% 524 1,075 1918 Eighth Cap Partial cash flow hedge (2) $ 314,300 June 2023 December 2025 5.00% 62 952 1918 Eighth Sold cap (3) Mark-to-market $ 172,865 June 2023 December 2025 5.00% (34) (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% 3,663 4,355 Hollywood Media Portfolio Swap Cash flow hedge $ 180,000 February 2024 August 2026 4.13% (267) — Hollywood Media Portfolio Cap Partial cash flow hedge (2) $ 1,100,000 August 2024 August 2025 6.01% 4 — Hollywood Media Portfolio Sold cap (3) Mark-to-market $ 561,000 August 2024 August 2025 6.01% (2) — TOTAL $ 4,022 $ 5,892 _____________ 1. Sunset Glenoaks Studios was consolidated as of December 31, 2024 and unconsolidated as of December 31, 2023. Therefore, the December 31, 2023 fair value for this instrument 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)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Provision	The provision for income taxes comprises the following components : Year Ended December 31, 2024 December 31, 2023 Current federal $ 1,048 $ 171 Current state — 16 Deferred federal 1,194 4,776 Deferred state (601) 1,833 Income tax provision $ 1,641 $ 6,796
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory federal income tax rate of 21% with the Company’s effective income tax rate is as follows: Year Ended December 31, 2024 December 31, 2023 Income tax benefit computed at the federal statutory rate $ (79,751) $ (34,420) Income tax benefit attributable to non-taxable entities 37,893 16,643 State income taxes, net of federal tax benefit (11,850) (4,810) Valuation allowance 53,229 29,681 Other 2,120 (298) Income tax provision $ 1,641 $ 6,796
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company's deferred tax assets and liabilities are as follows: December 31, 2024 December 31, 2023 Deferred tax assets: Net operating loss and tax credit carryforwards $ 68,457 $ 41,339 Depreciation and amortization 29,237 11,124 Prepaid rent 703 1,578 Other 973 122 Total deferred tax assets 99,370 54,163 Valuation allowance (82,706) (29,477) Net deferred tax assets 16,664 24,686 Deferred tax liabilities: Depreciation and amortization (14,432) (21,170) Unrealized gain on non-real estate investments (3,912) (4,640) Other (205) (169) Total deferred tax liabilities (18,549) (25,979) Deferred tax liability, net $ (1,885) $ (1,293)

Future Minimum Rents and Leas_2

Future Minimum Rents and Lease Payments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2024: Year Ended 2025 $ 508,871 2026 466,138 2027 409,955 2028 341,630 2029 276,778 Thereafter 583,574 TOTAL $ 2,586,946
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 December 31, 2024: For the Year Ended December 31, Lease Payments (1) 2025 $ 42,072 2026 41,726 2027 41,449 2028 40,503 2029 38,385 Thereafter 508,413 Total operating lease payments 712,548 Less: interest portion (316,717) PRESENT VALUE OF OPERATING LEASE LIABILITIES (2) $ 395,831 _____________ 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. 2. $380.0 million is recorded in operating lease liabilities
Schedule of Rental Expense	The following table summarizes rental expense for operating leases: For the Year Ended December 31, 2024 2023 2022 Variable rental expense $ 9,985 $ 11,005 $ 9,854 Minimum rental expense $ 46,576 $ 45,145 $ 31,003

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 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: December 31, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivative assets (1) $ — $ 4,325 $ — $ 4,325 $ — $ 6,441 $ — $ 6,441 Interest rate derivative liabilities (2) $ — $ (303) $ — $ (303) $ — $ (549) $ — $ (549) Earnout liability (2) $ — $ — $ — $ — $ — $ — $ (5,000) $ (5,000) Non-real estate investments measured at NAV (1)(3) $ — $ — $ — $ 47,373 $ — $ — $ — $ 48,581 _____________ 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 year ended December 31, 2024: Balance, December 31, 2023 $ (5,000) Settlement 5,000 Balance, December 31, 2024 $ —
Schedule of Fair Value Measurements, Recurring and Nonrecurring	The table below represents the carrying value and fair value of the Company’s investment in securities and debt as of: December 31, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Liabilities Unsecured debt (1) $ 2,435,000 $ 2,040,075 $ 2,307,000 $ 1,971,410 Secured debt (1) $ 1,752,667 $ 1,741,090 $ 1,653,067 $ 1,634,668 Consolidated joint venture partner debt $ 66,136 $ 60,637 $ 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)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Key Components of OPP Plan	The following table outlines key components of the 2024 market-based awards: Market-Based Performance Unit Maximum bonus pool, in millions $25.5 Performance period 1/1/2026 to 12/31/2030 Vesting period 1/1/2024 to 1/1/2029 The following table outlines key components of the 2023 PSU Plan: Operational Performance Unit Maximum bonus pool, in millions $15.0 Performance period 1/1/2023 to 12/31/2023 The following table outlines key components of the 2022 PSU Plan: Operational Performance Unit Relative TSR Performance Unit Maximum bonus pool, in millions $15.0 $15.0 Performance period 1/1/2022 to 12/31/2022 1/1/2022 to 12/31/2024
Schedule of Valuation Assumptions	The per unit fair value of the 2024 market-based awards and the 2023 and 2022 PSU awards granted was estimated on the date of grant using the following assumptions in the Monte Carlo simulation: 2024 2023 2022 Expected price volatility for the Company 41.00% 40.00% 43.00% Expected price volatility for the particular REIT index N/A 27.00% 33.00% Risk-free rate 3.89% 3.44% 1.72% Dividend yield 3.00 - 6.00% 5.40% 3.60%
Schedule of Activity and Status of Unvested Stock Awards	The following table summarizes the activity and status of all unvested stock awards: 2024 2023 2022 Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Unvested at January 1 693,835 $ 9.89 309,837 $ 23.14 507,534 $ 25.17 Granted 195,240 5.77 618,316 7.54 50,915 20.15 Vested (286,869) 11.95 (198,430) 23.61 (234,741) 26.81 Canceled (20,798) 13.51 (35,888) 7.83 (13,871) 24.42 Unvested at December 31 581,408 $ 7.37 693,835 $ 9.89 309,837 $ 23.14
Schedule of Activity and Status of Unvested Performance Units	The following table summarizes the activity and status of all unvested time-based restricted operating partnership performance units: 2024 2023 2022 Units Weighted-Average Grant-Date Fair Value Units Weighted-Average Grant-Date Fair Value Units Weighted-Average Grant-Date Fair Value Unvested at January 1 1,271,899 $ 9.82 357,656 $ 22.53 681,394 $ 24.91 Granted 3,010,397 7.28 1,422,893 8.16 25,206 11.98 Vested (808,717) 9.08 (508,650) 14.11 (348,944) 26.42 Canceled (172,947) 7.46 — — — — Unvested at December 31 3,300,632 $ 7.81 1,271,899 $ 9.82 357,656 $ 22.53
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: For the Year Ended December 31, 2024 2023 2022 Expensed stock compensation (1) $ 26,009 $ 23,863 $ 24,296 Capitalized stock compensation (2) 2,160 3,021 3,354 Total stock compensation (3) $ 28,169 $ 26,884 $ 27,650 _________________ 1. Amounts are recorded in general and administrative expenses, office operating expenses and studio operating expenses on the Consolidated Statements of Operations. 2. Amounts are recorded in investment in real estate, at cost on the Consolidated Balance Sheets. 3. Amounts are recorded in additional paid-in capital and non-controlling interest—units in the operating partnership on the Consolidated Balance Sheets.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 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: For the Year Ended December 31, 2024 2023 2022 Numerator: Basic and diluted net loss available to common stockholders $ (364,143) $ (192,181) $ (56,499) Denominator: Basic weighted average common shares outstanding 141,192,730 140,953,088 143,732,433 Effect of dilutive instruments (1) — — — DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 141,192,730 140,953,088 143,732,433 Basic earnings per common share $ (2.58) $ (1.36) $ (0.39) Diluted earnings per common share $ (2.58) $ (1.36) $ (0.39) _____________ 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 : For the Year Ended December 31, 2024 2023 2022 Numerator: Basic and diluted net loss available to common unitholders $ (373,500) $ (195,539) $ (57,208) Denominator: Basic weighted average common units outstanding 144,793,957 143,421,154 145,580,928 Effect of dilutive instruments (1) — — — DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING 144,793,957 143,421,154 145,580,928 Basic earnings per common unit $ (2.58) $ (1.36) $ (0.39) Diluted earnings per common unit $ (2.58) $ (1.36) $ (0.39) _____________ 1.

Redeemable Non-controlling In_2

Redeemable Non-controlling Interest (Tables)	12 Months Ended
	Dec. 31, 2024
Noncontrolling Interest [Abstract]
Schedule of Non-controlling Interests	The following table reconciles the beginning and ending balances of redeemable non-controlling interests: Series A Redeemable Preferred Units Consolidated Real Estate Entities Balance, December 31, 2023 $ 9,815 $ 57,182 Contributions — 88 Distributions — (3,932) Declared dividend (612) — Net income (loss) 612 (4,059) Balance, December 31, 2024 $ 9,815 $ 49,279

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The table below presents the activity related to Hudson Pacific Properties, Inc.’s accumulated other comprehensive loss (“AOCI”): Derivative Instruments Currency Translation Adjustments Total AOCI Balance, January 1, 2022 $ (3,957) $ 2,196 $ (1,761) Unrealized gain (loss) recognized in AOCI 612 (12,188) (11,576) Reclassification from AOCI into income (1) 2,065 — 2,065 Net change in AOCI 2,677 (12,188) (9,511) Balance, December 31, 2022 (1,280) (9,992) (11,272) Unrealized gain recognized in AOCI 9,462 6,149 15,611 Reclassification from AOCI into income (1) (4,526) — (4,526) Net change in AOCI 4,936 6,149 11,085 Balance, December 31, 2023 3,656 (3,843) (187) Unrealized gain (loss) recognized in AOCI 8,942 (7,359) 1,583 Reclassification from AOCI into income (1) (9,813) — (9,813) Net change in AOCI (871) (7,359) (8,230) Balance, December 31, 2024 $ 2,785 $ (11,202) $ (8,417) _____________ 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, LP’s AOCI: Derivative Instruments Currency Translation Adjustments Total AOCI Balance, January 1, 2022 $ (3,954) $ 2,175 (1,779) Unrealized gain (loss) recognized in AOCI 597 (12,375) (11,778) Reclassification from AOCI into income (1) 2,097 — 2,097 Net change in AOCI 2,694 (12,375) (9,681) Balance, December 31, 2022 (1,260) (10,200) (11,460) Unrealized gain recognized in AOCI 9,729 6,325 16,054 Reclassification from AOCI into income (1) (4,656) — (4,656) Net change in AOCI 5,073 6,325 11,398 Balance, December 31, 2023 3,813 (3,875) (62) Unrealized gain recognized in AOCI 9,382 (7,727) 1,655 Reclassification from AOCI into income (1) (10,306) — (10,306) Net change in AOCI (924) (7,727) (8,651) Balance, December 31, 2024 2,889 (11,602) $ (8,713) _____________ 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.
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: December 31, 2024 December 31, 2023 December 31, 2022 Company-owned common units in the operating partnership 141,279,102 141,034,806 141,054,478 Company’s ownership interest percentage 97.4 % 98.0 % 98.5 % Non-controlling common units in the operating partnership (1) 3,796,346 2,810,433 2,191,842 Non-controlling ownership interest percentage 2.6 % 2.0 % 1.5 % _________________ 1. Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of December 31, 2024, this amount represents both common units and performance units of 550,969 and 3,245,377, respectively. As of December 31, 2023, this amount represents both common units and performance units of 550,969 and 2,259,464, respectively. As of December 31, 2022, this amount represents both common units and performance units of 550,969 and 1,640,873, respectively.
Schedule of Dividends	The following table summarizes dividends per share declared and paid for the periods presented: For the Year Ended December 31, 2024 2023 2022 Common stock (1) $ 0.10 $ 0.375 $ 1.00 Common units (1) $ 0.10 $ 0.375 $ 1.00 Unvested performance-based units (1)(2) $ 0.01 $ 0.0375 $ 0.10 Series A preferred units $ 1.5625 $ 1.5625 $ 1.5625 Series C preferred stock (3) $ 1.1875 $ 1.1875 $ 1.3359 _________________ 1. The Company suspended its quarterly common stock dividend during the third and fourth quarters of 2023 and the third and fourth quarters of 2024. As a result, the common unit and performance unit dividends were also suspended. 2. Performance-based units are entitled to dividends equal to the common stock dividends declared by the Company. During their vesting period, unvested performance-based units receive 10% of the declared dividend, with the remainder payable as soon as practicable after the vesting date. 3. Dividends paid during the year ended December 31, 2022 include a $0.2968750 per share dividend declared and paid in each of the first, second, third and fourth quarters of 2022 and a $0.1484375 per share dividend declared during the fourth quarter of 2021. The Company’s dividends related to its common stock will be classified for U.S. federal income tax purposes as follows (unaudited): Distribution Per Share Ordinary Dividends Capital Gains Distributions Return of Capital Record Date Payment Date Total Non-Qualified (1) Qualified 3/18/2024 3/28/2024 $ 0.05000 $ 0.03342 $ 0.03342 $ — $ — $ 0.01658 6/17/2024 6/27/2024 0.05000 0.03342 0.03342 — — 0.01658 TOTALS $ 0.10000 $ 0.06684 $ 0.06684 $ — $ — $ 0.03316 100.00 % 66.84 % — % 33.16 % _________________ 1. On December 22, 2017, the Tax Cuts and Jobs Act enacted Section 199A that generally allows a deduction for non-corporate taxpayers equal to 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Ordinary Dividends eligible for the Section 199A benefit are a subset of and included in the Taxable Ordinary Dividend Amount. The Company’s dividends related to its 4.750% series C preferred stock will be classified for U.S. federal income tax purposes as follows (unaudited): Distribution Per Share Ordinary Dividends Capital Gains Distributions Return of Capital Record Date Payment Date Total Non-Qualified (1) Qualified 3/18/2024 3/28/2024 $ 0.296875 $ 0.296875 $ 0.296875 $ — $ — $ — 6/17/2024 6/27/2024 0.296875 0.296875 0.296875 — — — 9/20/2024 9/30/2024 0.296875 0.296875 0.296875 — — — 12/20/2024 12/30/2024 0.296875 0.296875 0.296875 — — — TOTALS $ 1.187500 $ 1.187500 $ 1.187500 $ — $ — $ — 100.00 % 100.00 % — % — % _________________ 1. On December 22, 2017, the Tax Cuts and Jobs Act enacted Section 199A that generally allows a deduction for non-corporate taxpayers equal to 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Ordinary Dividends eligible for the Section 199A benefit are a subset of and included in the Taxable Ordinary Dividend Amount.

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The table below presents the operating activity of the Company’s reportable segments: Year Ended December 31, 2024 2023 2022 Office segment Core office revenues $ 679,049 $ 798,429 $ 836,374 Core office expenses Utilities (27,780) (26,214) (24,941) Taxes (73,862) (77,672) (82,378) Administrative (29,511) (30,251) (29,780) Insurance (26,846) (26,408) (19,606) Other segment expenses (1) (134,423) (137,527) (135,637) Total core office expenses (292,422) (298,072) (292,342) Office net operating income 386,627 500,357 544,032 Studio segment Studio revenues 149,806 139,922 173,524 Studio expenses Rent expense & real estate taxes (34,263) (30,483) (16,644) Cost of goods sold (25,419) (20,020) (24,051) Other segment expenses (3) (88,748) (87,944) (64,455) Total studio expenses (148,430) (138,447) (105,150) Studio net operating income 1,376 1,475 68,374 TOTAL SEGMENT PROFIT $ 388,003 $ 501,832 $ 612,406 _________________ 1. Includes ground lease rent, cleaning, parking, engineering, security, mechanical, electrical & plumbing and repairs & maintenance expenses. 2. Includes administrative, utilities, security, cleaning, engineering and repairs & maintenance expenses. The table below presents the reconciliation of segment revenue to consolidated revenue: Year Ended December 31, 2024 2023 2022 Office segment Core office revenues $ 679,049 $ 798,429 $ 836,374 Chargebacks 13,227 13,946 16,326 Total office revenues 692,276 812,375 852,700 Studio segment Total studio revenues 149,806 139,922 173,524 Total revenues $ 842,082 $ 952,297 $ 1,026,224 The table below reconciles net loss to total profit from all segments: Year Ended December 31, 2024 2023 2022 NET LOSS $ (381,406) $ (170,700) $ (16,517) General and administrative 79,451 74,958 79,501 Depreciation and amortization 354,425 397,846 373,219 Loss (income) from unconsolidated real estate entities 7,308 3,902 (943) Fee income (5,269) (6,181) (7,972) Interest expense 177,393 214,415 149,901 Interest income (2,467) (2,182) (2,340) Management services reimbursement income—unconsolidated real estate entities (4,119) (4,125) (4,163) Management services expense—unconsolidated real estate entities 4,119 4,125 4,163 Transaction-related expenses 2,499 (1,150) 14,356 Unrealized loss on non-real estate investments 3,958 3,120 1,440 Loss (gain) on sale of real estate 2,453 (103,202) 2,164 Impairment loss 149,664 60,158 28,548 Gain on extinguishment of debt — (10,000) — Other (income) loss (1,647) 6 (8,951) Loss on sale of bonds — 34,046 — Income tax provision $ 1,641 $ 6,796 $ — TOTAL SEGMENT PROFIT $ 388,003 $ 501,832 $ 612,406

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 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: Year Ended December 31, 2024 2023 2022 Cash paid for interest, net of capitalized interest $ 170,984 $ 197,599 $ 133,869 Non-cash investing and financing activities Accounts payable and accrued liabilities for real estate investments $ 79,128 $ 87,779 $ 150,408 Remeasurement of operating lease liabilities and related right-of-use assets $ 29,160 $ 5,751 $ 23,177 Operating lease liabilities recorded in connection with right-of-use assets $ 3,617 $ 2,117 $ 100,805 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 unconsolidated real estate entity $ 55,593 $ — $ — Note payable issued as consideration in a business combination $ — $ — $ 160,000

Organization - Schedule of Comp

Organization - Schedule of Company's Portfolio (Details)	Dec. 31, 2024 ft² property	Aug. 28, 2023
Real Estate Properties
Number of Properties | property	57
Net rentable area (in square feet) | ft²	19,572,756
Consolidated portfolio
Real Estate Properties
Number of Properties | property	53
Net rentable area (in square feet) | ft²	16,186,250
Consolidated portfolio | Office
Real Estate Properties
Number of Properties | property	44
Net rentable area (in square feet) | ft²	13,092,596
Consolidated portfolio | Studio
Real Estate Properties
Number of Properties | property	4
Net rentable area (in square feet) | ft²	1,477,412
Consolidated portfolio | Future development
Real Estate Properties
Number of Properties | property	5
Net rentable area (in square feet) | ft²	1,616,242
Unconsolidated portfolio
Real Estate Properties
Number of Properties | property	4
Net rentable area (in square feet) | ft²	3,386,506
Unconsolidated portfolio | Bentall Centre
Real Estate Properties
Joint venture, ownership percentage (as a percent)	20%
Unconsolidated portfolio | Sunset Waltham Cross Studios
Real Estate Properties
Joint venture, ownership percentage (as a percent)	35%
Unconsolidated portfolio | Sunset Pier 94 Studios
Real Estate Properties
Joint venture, ownership percentage (as a percent)	51%
Joint venture, ownership percentage (as a percent)	25.60%	26%
Unconsolidated portfolio | Office
Real Estate Properties
Number of Properties | property	1
Net rentable area (in square feet) | ft²	1,537,159
Unconsolidated portfolio | Studio
Real Estate Properties
Number of Properties | property	1
Net rentable area (in square feet) | ft²	232,000
Unconsolidated portfolio | Future development
Real Estate Properties
Number of Properties | property	2
Net rentable area (in square feet) | ft²	1,617,347

Organization - Narrative (Detai

Organization - Narrative (Details)	12 Months Ended
	Dec. 31, 2024
Rentable Square Feet | Customer Concentration Risk | 15 largest tenants
Real Estate Properties
Contribution risk, percentage (as a percent)	26.90%
Rentable Square Feet | Customer Concentration Risk | Technology Sector
Real Estate Properties
Contribution risk, percentage (as a percent)	21.10%
Rentable Square Feet | Customer Concentration Risk | Media And Entertainment Sector
Real Estate Properties
Contribution risk, percentage (as a percent)	17.60%
Revenue Benchmark | Customer Concentration Risk | Netflix, Inc. | Studio
Real Estate Properties
Contribution risk, percentage (as a percent)	19.30%
California | Property | Geographic Concentration Risk
Real Estate Properties
Contribution risk, percentage (as a percent)	68.70%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) segment jointVenture unit	Dec. 31, 2023 USD ($)	Aug. 28, 2023
Accounting Policies
Assets			$ 8,132,239,000	$ 8,282,050,000
Liabilities			$ 4,954,508,000	$ 4,720,881,000
Construction costs capitalization period after substantially complete (in years)			1 year
Number of operating segments | segment			3
Weighted average remaining lease term (in years)			21 years
Weighted average incremental borrowing rate (as a percent)			5.70%
Studio
Accounting Policies
Number of reporting units | unit			2
Minimum
Accounting Policies
Finite-lived intangible assets useful life (in years)			5 years
Maximum
Accounting Policies
Finite-lived intangible assets useful life (in years)			7 years
VIE, primary beneficiary
Accounting Policies
Number of joint ventures meeting the VIE definition | jointVenture			20
Number of joint ventures consolidated | jointVenture			14
Assets	$ 198,000,000
Liabilities	86,600,000
Non-controlling interest	55,600,000
Gain (loss) on fair value on net assets	$ 0
VIE, primary beneficiary | 1455 Market Street
Accounting Policies
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
Accounting Policies
Number of joint ventures not consolidated | jointVenture			6
VIE, not primary beneficiary | Sunset Pier 94 Studios
Accounting Policies
Joint venture, ownership percentage (as a percent)			25.60%		26%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Variable Interest Entities (Details) - Consolidated Real Estate Entities	11 Months Ended	12 Months Ended
	Nov. 30, 2023	Dec. 31, 2024
Hill7
Accounting Policies
VIE, ownership interest (as a percent)		55%
HPP-MAC WSP, LLC
Accounting Policies
VIE, ownership interest (as a percent)		75%
Ferry Building
Accounting Policies
VIE, ownership interest (as a percent)		55%
Sunset Bronson Studios, ICON, CUE
Accounting Policies
VIE, ownership interest (as a percent)		51%
Sunset Gower Entertainment Properties, LLC
Accounting Policies
VIE, ownership interest (as a percent)		51%
Sunset 1440 North Gower Street, LLC
Accounting Policies
VIE, ownership interest (as a percent)		51%
Sunset Las Palmas Studios, Harlow
Accounting Policies
VIE, ownership interest (as a percent)		51%
Sunset Services Holdings, LLC
Accounting Policies
VIE, ownership interest (as a percent)		51%
EPIC
Accounting Policies
VIE, ownership interest (as a percent)		51%
Hudson Media and Entertainment Management, LLC
Accounting Policies
VIE, ownership interest (as a percent)		51%
6040 Sunset
Accounting Policies
VIE, ownership interest (as a percent)		51%
Sun Valley Peoria, LLC
Accounting Policies
VIE, ownership interest (as a percent)		50%
Sun Valley Services, LLC
Accounting Policies
VIE, ownership interest (as a percent)		50%
1918 Eighth
Accounting Policies
VIE, ownership interest (as a percent)		55%
One Westside & Westside Two | HPP-MAC WSP, LLC
Accounting Policies
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
Accounting Policies
VIE, ownership interest (as a percent)		100%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Costs Capitalized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Capitalized personnel costs	$ 13,692	$ 16,496	$ 18,098
Capitalized interest	$ 40,367	$ 32,253	$ 18,031

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment Net (Details)	Dec. 31, 2024
Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years
Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	20 years
Building and improvements
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	39 years
Land improvements
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	15 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	5 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	7 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 63,256	$ 100,391	$ 255,761	$ 96,555
Restricted cash	35,921	18,765	29,970	100,321
Total cash and cash equivalents and restricted cash	$ 99,177	$ 119,156	$ 285,731	$ 196,876

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Schedule of Revenue Streams (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue
Management fee income	$ 5,269	$ 6,181	$ 7,972
Management services reimbursement income	4,119	4,125	4,163
Ancillary revenues
Disaggregation of Revenue
Service and other revenues	91,193	76,099	107,075
Receivables	4,834	5,478
Other revenues
Disaggregation of Revenue
Service and other revenues	17,187	17,650	23,118
Receivables	1,107	954
Studio-related tenant recoveries
Disaggregation of Revenue
Service and other revenues	$ 2,185	$ 2,177	$ 1,951

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Beginning balance	$ 264,144,000
Impairment loss	(107,615,000)	$ 0	$ 0
Ending balance	$ 156,529,000	$ 264,144,000

Goodwill - Narrative (Details)

Goodwill - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, impairment loss	$ 107,615,000	$ 0	$ 0
Goodwill, gross	264,100,000
Goodwill, impaired, accumulated impairment loss	$ 107,600,000

Investment in Real Estate - Sch

Investment in Real Estate - Schedule of Investment in Real Estate (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real Estate [Abstract]
Land	$ 1,235,974	$ 1,220,339
Building and improvements	6,101,787	5,969,364
Tenant and leasehold improvements	728,186	818,653
Furniture and fixtures	5,895	8,609
Property under development	161,444	195,931
INVESTMENT IN REAL ESTATE, AT COST	$ 8,233,286	$ 8,212,896

Investment in Real Estate - Nar

Investment in Real Estate - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) ft² property	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Impairment of real estate | $	$ 39.9	$ 48.5	$ 17.6
Number of properties with impairments		1
Number of properties	57
Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Number of properties	2
Foothill Research Center | Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²	195,121
MaxWell | Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²	102,963

Investment in Real Estate - S_2

Investment in Real Estate - Schedule of Dispositions (Details) - Disposed of by Sale $ in Millions							12 Months Ended
	Dec. 10, 2024 USD ($) ft²	Dec. 27, 2023 USD ($) ft²	Nov. 21, 2023 USD ($) ft²	Aug. 25, 2023 USD ($) ft²	Aug. 24, 2023 USD ($) ft²	Feb. 06, 2023 USD ($) ft²	Dec. 31, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Sales price							$ 918
(Loss) gain on sale							$ 103.2
3176 Porter
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²	46,759
Sales price	$ 24.8
(Loss) gain on sale	$ (2.2)
Skyway Landing
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
(Loss) gain on sale						$ 7
604 Arizona
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²					44,260
Sales price					$ 32.5
(Loss) gain on sale					$ 10.3
3401 Exposition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²				63,376
Sales price				$ 40
(Loss) gain on sale				$ 5.8
Cloud10
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²			350,000
Sales price			$ 43.5
(Loss) gain on sale			$ 19.9
One Westside & Westside Two
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Area of real estate property (in square feet) | ft²		686,725
Sales price		$ 700
(Loss) gain on sale		$ 60.2

Investment in Real Estate - S_3

Investment in Real Estate - Schedule of Real Estate Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE	$ 83,113	$ 0
LIABILITIES
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE	31,117	$ 0
Foothill Research Center | Held-for-sale
ASSETS
Investment in real estate, net	31,387
Straight-line rent receivables, net	386
Deferred leasing costs and intangible assets, net	1,328
Operating lease right-of-use asset	5,890
Prepaid expenses and other assets, net	102
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE	39,093
LIABILITIES
Accounts payable, accrued liabilities and other	13,201
Operating lease liabilities	15,827
Intangible liabilities, net	228
Security deposits and prepaid rent	1,539
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE	30,795
MaxWell | Held-for-sale
ASSETS
Investment in real estate, net	41,210
Straight-line rent receivables, net	2,206
Deferred leasing costs and intangible assets, net	528
Operating lease right-of-use asset	0
Prepaid expenses and other assets, net	76
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE	44,020
LIABILITIES
Accounts payable, accrued liabilities and other	195
Operating lease liabilities	0
Intangible liabilities, net	0
Security deposits and prepaid rent	127
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE	$ 322

Non-Real Estate Property, Pla_3

Non-Real Estate Property, Plant and Equipment, net (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment, Net, by Type
Non-real estate property, plant and equipment, at cost	$ 182,050,000	$ 156,565,000
Accumulated depreciation	(54,983,000)	(37,782,000)
NON-REAL ESTATE PROPERTY, PLANT AND EQUIPMENT, NET	127,067,000	118,783,000
Impairment charges	$ 0	0	$ 0
Minimum
Property, Plant and Equipment, Net, by Type
Estimated useful life (in years)	3 years
Maximum
Property, Plant and Equipment, Net, by Type
Estimated useful life (in years)	20 years
Trailers
Property, Plant and Equipment, Net, by Type
Non-real estate property, plant and equipment, at cost	$ 77,903,000	70,462,000
Production equipment
Property, Plant and Equipment, Net, by Type
Non-real estate property, plant and equipment, at cost	42,954,000	37,100,000
Trucks and other vehicles
Property, Plant and Equipment, Net, by Type
Non-real estate property, plant and equipment, at cost	22,035,000	20,044,000
Leasehold improvements
Property, Plant and Equipment, Net, by Type
Non-real estate property, plant and equipment, at cost	21,792,000	15,888,000
Furniture, fixtures and equipment
Property, Plant and Equipment, Net, by Type
Non-real estate property, plant and equipment, at cost	$ 2,454,000	6,112,000
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment, Net, by Type
Estimated useful life (in years)	5 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment, Net, by Type
Estimated useful life (in years)	7 years
Other equipment
Property, Plant and Equipment, Net, by Type
Non-real estate property, plant and equipment, at cost	$ 14,912,000	$ 6,959,000

Investment in Unconsolidated _3

Investment in Unconsolidated Real Estate Entities - Schedule of Variable Interest Entities (Details) - VIE, not primary beneficiary - USD ($) $ in Millions	Dec. 31, 2024	Aug. 28, 2023
Sunset Waltham Cross Studios
Schedule of Equity Method Investments
Joint venture, ownership percentage (as a percent)	35%
Bentall Centre
Schedule of Equity Method Investments
Joint venture, ownership percentage (as a percent)	20%
Bentall Centre | Financial guarantee
Schedule of Equity Method Investments
Maximum exposure for guarantee	$ 90.1
Sunset Pier 94 Studios
Schedule of Equity Method Investments
Joint venture, ownership percentage (as a percent)	51%
Joint venture, ownership percentage (as a percent)	25.60%	26%
Sunset Pier 94 Studios | Financial guarantee
Schedule of Equity Method Investments
Maximum exposure for guarantee	$ 7.6
Sunset Pier 94 Studios
Schedule of Equity Method Investments
Joint venture, ownership percentage (as a percent)	50.10%

Investment in Unconsolidated _4

Investment in Unconsolidated Real Estate Entities - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments
Investment in unconsolidated real estate entities	$ 221,468	$ 252,711
Unconsolidated joint ventures
Schedule of Equity Method Investments
Investment in unconsolidated real estate entities	$ 100	$ 100

Investment in Unconsolidated _5

Investment in Unconsolidated Real Estate Entities - Schedule of Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Investment in real estate, net	$ 6,442,178	$ 6,484,459
TOTAL ASSETS	8,132,239	8,282,050
Liabilities
Total liabilities	4,954,508	4,720,881
Total equity	3,118,637	3,494,172	$ 3,749,831	$ 4,196,992
TOTAL LIABILITIES AND CAPITAL	8,132,239	8,282,050
Equity method investment, nonconsolidated investee or group of investees
ASSETS
Investment in real estate, net	1,089,951	1,295,449
Other assets	41,177	40,790
TOTAL ASSETS	1,131,128	1,336,239
Liabilities
Secured debt, net	447,581	564,949
Other liabilities	49,115	46,947
Total liabilities	496,696	611,896
Company's capital	193,732	225,898
Partner's capital	440,700	498,445
Total equity	634,432	724,343
TOTAL LIABILITIES AND CAPITAL	$ 1,131,128	$ 1,336,239

Investment in Unconsolidated _6

Investment in Unconsolidated Real Estate Entities - Schedule of Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity Method Investment, Summarized Financial Information, Income Statement
TOTAL REVENUES	$ 842,082	$ 952,297	$ 1,026,224
NET (LOSS) INCOME	(381,406)	(170,700)	(16,517)
Equity method investment, nonconsolidated investee or group of investees
Equity Method Investment, Summarized Financial Information, Income Statement
TOTAL REVENUES	72,754	70,200	83,441
TOTAL EXPENSES	(106,340)	(88,876)	(78,083)
NET (LOSS) INCOME	$ (33,586)	$ (18,676)	$ 5,358

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	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles, net	$ 327,514	$ 326,950
TOTAL	21,838	27,751
Below-market Leases
Finite-Lived Intangible Assets, Net
Below-market leases	40,535	58,833
Accumulated amortization	(18,697)	(31,785)
TOTAL	21,838	27,048
Above-market ground leases
Finite-Lived Intangible Assets, Net
Below-market leases	0	1,095
Accumulated amortization	0	(392)
TOTAL	0	703
Deferred Leasing Costs and In-place Lease Intangibles
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles	244,463	290,969
Accumulated amortization	(116,868)	(150,457)
Deferred leasing costs and lease intangibles, net	127,595	140,512
Lease incentives
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles	34,352	0
Accumulated amortization	(1,203)	0
Deferred leasing costs and lease intangibles, net	33,149	0
Below-market Ground Leases
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles	74,930	77,943
Accumulated amortization	(21,626)	(20,733)
Deferred leasing costs and lease intangibles, net	53,304	57,210
Above-market Leases
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles	636	673
Accumulated amortization	(437)	(376)
Deferred leasing costs and lease intangibles, net	199	297
Customer relationships
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles	97,900	97,900
Accumulated amortization	(40,380)	(26,363)
Deferred leasing costs and lease intangibles, net	57,520	71,537
Non-competition agreements
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles	8,200	8,200
Accumulated amortization	(4,926)	(3,279)
Deferred leasing costs and lease intangibles, net	3,274	4,921
Trade name
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles, net	37,200	37,200
Parking easement
Finite-Lived Intangible Assets, Net
Deferred leasing costs and lease intangibles, 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 Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	$ 4,925	$ 6,235	$ 8,032
Customer relationships
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(14,016)	(14,017)	(9,662)
Non-competition agreements
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(1,647)	(1,647)	(1,253)
Below-market Leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	4,982	6,297	8,156
Above-market ground leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	43	43	43
Deferred leasing costs and in-place lease intangibles
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(33,106)	(36,791)	(40,171)
Lease incentives
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(1,203)	0	0
Below-market ground leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	(2,669)	(2,795)	(2,775)
Above-market leases
Finite-Lived Intangible Assets
Amortization of above- and below-market leases, net	$ (57)	$ (62)	$ (124)

Deferred Leasing Costs and In_5

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net - Schedule of Future Amortization of Deferred Leasing Costs and Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense
TOTAL	$ (327,514)	$ (326,950)
Finite-Lived Intangible Liabilities
TOTAL	21,838	27,751
Below-market Leases
Finite-Lived Intangible Liabilities
2025	4,066
2026	3,981
2027	3,913
2028	3,832
2029	3,458
Thereafter	2,588
TOTAL	21,838	27,048
Deferred Leasing Costs and In-place Lease Intangibles
Finite-Lived Intangible Assets, Net, Amortization Expense
2025	(26,628)
2026	(23,205)
2027	(19,821)
2028	(16,474)
2029	(13,217)
Thereafter	(28,250)
TOTAL	(127,595)	(140,512)
Lease incentives
Finite-Lived Intangible Assets, Net, Amortization Expense
2025	(2,405)
2026	(2,388)
2027	(2,388)
2028	(2,388)
2029	(2,388)
Thereafter	(21,192)
TOTAL	(33,149)	0
Below-market Ground Leases
Finite-Lived Intangible Assets, Net, Amortization Expense
2025	(2,563)
2026	(2,563)
2027	(2,563)
2028	(2,563)
2029	(2,563)
Thereafter	(40,489)
TOTAL	(53,304)	(57,210)
Above-market Leases
Finite-Lived Intangible Assets, Net, Amortization Expense
2025	(49)
2026	(44)
2027	(43)
2028	(32)
2029	(31)
Thereafter	0
TOTAL	(199)	(297)
Customer relationships
Finite-Lived Intangible Assets, Net, Amortization Expense
2025	(13,986)
2026	(13,986)
2027	(13,986)
2028	(11,301)
2029	(4,261)
Thereafter	0
TOTAL	(57,520)	(71,537)
Non-competition agreements
Finite-Lived Intangible Assets, Net, Amortization Expense
2025	(1,640)
2026	(1,237)
2027	(397)
2028	0
2029	0
Thereafter	0
TOTAL	$ (3,274)	$ (4,921)

Deferred Leasing Costs and In_6

Deferred Leasing Costs and Intangible Assets, net and Intangible Liabilities, net- Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets
Impairment, Intangible Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairment loss	Impairment loss	Impairment loss
Deferred Leasing Costs and In-place Lease Intangibles
Finite-Lived Intangible Assets
Impairment loss	$ 0.8	$ 2.7
Trade name
Finite-Lived Intangible Assets
Impairment loss			$ 8.5
Below-market Ground Leases
Finite-Lived Intangible Assets
Impairment loss			$ 2.4

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Accounts receivable	$ 15,000,000	$ 25,000,000
Accounts receivable, allowance for doubtful accounts	500,000	400,000
Straight-line rent receivables	199,700,000	220,800,000
Straight-line rent receivables, 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	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Non-real estate investments	$ 50,373	$ 48,581
Deferred tax assets	8	2,412
Interest rate derivative assets	4,325	6,441
Prepaid insurance	10,074	10,611
Deferred financing costs, net	2,165	4,316
Prepaid property tax	2,129	2,075
Other	21,040	19,709
PREPAID EXPENSES AND OTHER ASSETS, NET	$ 90,114	$ 94,145

Prepaid Expenses and Other As_4

Prepaid Expenses and Other Assets, net - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Unrealized loss (gain) on investments entities that report nav	$ 4,000,000	$ 3,000,000	$ (200,000)
Cumulative unrealized gain, entities that report NAV	6,800,000
Unrealized loss (gain) on warrants	0	100,000	$ (1,600,000)
Warrants balance	$ 0	$ 0

Debt - Schedule of Outstanding

Debt - Schedule of Outstanding Indebtedness (Details)	2 Months Ended	12 Months Ended
	Feb. 25, 2025 USD ($)	Dec. 31, 2024 USD ($) option	Jan. 31, 2025 USD ($)	Jan. 29, 2025 USD ($)	Oct. 31, 2024 executed	Dec. 31, 2023 USD ($)
Debt
Duration used in interest rate calculation (in days)		360 days
Hollywood Media Portfolio, net | Interest Rate Cap | Designated as Hedging Instrument
Debt
Notional amount		$ 539,000,000
Hollywood Media Portfolio, net | Interest Rate Cap | Designated as Hedging Instrument | Partial cash flow hedge
Debt
Interest rate, percentage (as a percent)		6.01%
Hollywood Media Portfolio, net | Interest Rate Swaps | Designated as Hedging Instrument
Debt
Notional amount		$ 351,200,000
Hollywood Media Portfolio, net | Interest Rate Swaps | Designated as Hedging Instrument | Cash flow hedge
Debt
Interest rate, percentage (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 hedge
Debt
Interest rate, percentage (as a percent)		4.13%
Hollywood Media Portfolio, net | Interest Rate Caps | Designated as Hedging Instrument | Partial cash flow hedge
Debt
Interest rate, percentage (as a percent)		5.70%
Hollywood Media Portfolio, net | Interest Rate Caps | Designated as Hedging Instrument | Cash flow hedge
Debt
Notional amount		$ 539,000,000
1918 Eighth | Interest Rate Swaps | Designated as Hedging Instrument
Debt
Notional amount		$ 172,900,000
1918 Eighth | Interest Rate Swaps | Designated as Hedging Instrument | Cash flow hedge
Debt
Interest rate, percentage (as a percent)		3.75%
1918 Eighth | Interest Rate Caps | Designated as Hedging Instrument
Debt
Notional amount		$ 141,400,000
1918 Eighth | Interest Rate Caps | Designated as Hedging Instrument | Partial cash flow hedge
Debt
Interest rate, percentage (as a percent)		5%
Sunset Glenoaks Studios | Interest Rate Cap | Designated as Hedging Instrument | Cash flow hedge
Debt
Interest rate, percentage (as a percent)		4.50%
Sunset Glenoaks Studios | Interest Rate Caps | Designated as Hedging Instrument | Cash flow hedge
Debt
Interest rate, percentage (as a percent)		4.50%
Unsecured Debt
Debt
TOTAL		$ 2,435,000,000				$ 2,307,000,000
Unsecured Debt | Revolving Credit Facility | Minimum
Debt
Commitment fee (as a percent)		0.15%
Unsecured Debt | Revolving Credit Facility | Maximum
Debt
Commitment fee (as a percent)		0.30%
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%
Unsecured Debt | Revolving Credit Facility
Debt
TOTAL		$ 320,000,000				192,000,000
Basis spread on variable rate (as a percent)		1.35%
Maximum borrowing capacity		$ 775,000,000
Maximum borrowing capacity including accordion feature		$ 2,000,000,000
Number of extension options | option		2
Extension option term		6 months
Unsecured Debt | Revolving Credit Facility | Subsequent Event
Debt
Maximum borrowing capacity			$ 900,000,000	$ 900,000,000
Repayments of debt	$ 27,000,000
Unsecured Debt | Revolving Credit Facility | GBP | Subsequent Event
Debt
Maximum borrowing capacity			193,800,000
Unsecured Debt | Revolving Credit Facility | CAD | Subsequent Event
Debt
Maximum borrowing capacity			$ 193,800,000
Unsecured Debt | Revolving Credit Facility | Minimum
Debt
Basis spread on variable rate (as a percent)		1.15%
Unsecured Debt | Revolving Credit Facility | Maximum
Debt
Basis spread on variable rate (as a percent)		1.60%
Secured Debt
Debt
TOTAL		$ 1,752,667,000				1,653,067,000
Secured Debt | Hollywood Media Portfolio, net
Debt
TOTAL		1,069,767,000				1,069,767,000
Acquired Hollywood Media Portfolio debt		$ (30,200,000)
Number of extension options | option		3
Extension option term		1 year
Secured Debt | Hollywood Media Portfolio
Debt
Debt instrument, 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		$ 99,600,000				0
Basis spread on variable rate (as a percent)		3.10%
Number of extension options | option		2
Extension option term		1 year
Debt instrument, maximum capacity		$ 100,600,000
Number of extension executed | executed					1
Secured Debt | Sunset Glenoaks Studios | Minimum
Debt
Basis spread on variable rate (as a percent)		2.50%
Secured Debt | Sunset Glenoaks Studios | Maximum
Debt
Basis spread on variable rate (as a percent)		3.10%
Unsecured and secured debt, net
Debt
TOTAL		$ 4,187,667,000				3,960,067,000
Deferred financing costs and discounts, net		(10,823,000)				(14,753,000)
Debt		4,176,844,000				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 option term		2 years

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument
Proceeds from unsecured and secured debt	$ 180,741	$ 382,356	$ 1,197,556
Hudson Pacific Partners, L.P.
Debt Instrument
Proceeds from unsecured and secured debt	$ 180,741	$ 382,356	$ 1,197,556
Unsecured Debt | Senior notes | Hudson Pacific Partners, L.P.
Debt Instrument
Prepayment, percent of principal, minimum (as a percent)	5%
Prepayment, percent of principal (as a percent)	100%
Revolving Credit Facility | Unsecured Debt
Debt Instrument
Proceeds from unsecured and secured debt	$ 128,000

Debt - Schedule of Minimum Futu

Debt - Schedule of Minimum Future Payments Due on Notes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Unsecured and secured debt, net
Long-term Debt, Fiscal Year Maturity
2025	$ 741,300
2026	1,539,767
2027	555,600
2028	451,000
2029	500,000
Thereafter	400,000
TOTAL	4,187,667	$ 3,960,067
Joint venture partner debt
Long-term Debt, Fiscal Year Maturity
2025	0
2026	0
2027	0
2028	0
2029	0
Thereafter	66,136
TOTAL	$ 66,136

Debt - Schedule of Existing Cov

Debt - Schedule of Existing Covenants and their Covenant Levels (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2024
Debt Instrument
Total liabilities to total asset value, covenant level (less than or equal to) (as a percent)					0.65
Total liabilities to total asset value, actual performance (as a percent)	46.50%				46.50%
Unsecured indebtedness to unencumbered asset value, covenant level (less than or equal to) (as a percent)					0.65
Unsecured indebtedness to unencumbered asset value, actual performance (as a percent)	41.50%				41.50%
Adjusted EBITDA to fixed charges, covenant level (greater than or equal to)	1.4		1.5		1.4
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)					0.45
Secured indebtedness to total asset value, actual performance (as a percent)					20.10%
Unencumbered net operating income to unsecured interest expense, covenant level (greater than or equal to)	1.75		2		1.75
Unencumbered net operating income to unsecured interest expense, actual performance					2.2
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)					45%
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)					255%
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)					19.40%
Private Placement Notes
Debt Instrument
Total liabilities to total asset value, covenant level (less than or equal to) (as a percent)					0.60
Total liabilities to total asset value, actual performance (as a percent)	54.60%				54.60%
Unsecured indebtedness to unencumbered asset value, covenant level (less than or equal to) (as a percent)					0.65
Unsecured indebtedness to unencumbered asset value, actual performance (as a percent)	58.80%				58.80%
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)					0.45
Secured indebtedness to total asset value, actual performance (as a percent)					23.60%
Unencumbered net operating income to unsecured interest expense, covenant level (greater than or equal to)					2
Unencumbered net operating income to unsecured interest expense, actual performance					2.2
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%				3.25%
3.95% Registered senior notes | Unsecured Debt
Debt Instrument
Interest rate (as a percent)	3.95%				3.95%
4.65% Registered senior notes | Unsecured Debt
Debt Instrument
Interest rate (as a percent)	4.65%				4.65%
5.95% Registered senior notes | Unsecured Debt
Debt Instrument
Interest rate (as a percent)	5.95%				5.95%

Debt - Schedule of Interest Exp

Debt - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Gross interest expense	$ 210,022	$ 224,801	$ 162,778
Capitalized interest	(40,367)	(32,253)	(18,031)
Non-cash interest expense	7,738	21,867	5,154
INTEREST EXPENSE	$ 177,393	$ 214,415	$ 149,901

Derivatives - Schedule of Deriv

Derivatives - Schedule of Derivative Instruments (Details) - Designated as Hedging Instrument - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Derivative
Fair Value Assets (Liabilities)	$ 4,022,000	$ 5,892,000
Sunset Glenoaks Studios | Interest Rate Cap | Cash flow hedge
Derivative
Notional Amount	$ 100,600,000
Interest Rate	4.50%
Fair Value Assets (Liabilities)	$ 0	0
Sunset Glenoaks Studios | Interest Rate Cap | Cash flow hedge
Derivative
Notional Amount	$ 100,600,000
Interest Rate	4.50%
Fair Value Assets (Liabilities)	$ 72,000	0
1918 Eighth | Interest Rate Cap | Cash flow hedge
Derivative
Notional amount	141,435,000
1918 Eighth | Interest Rate Cap | Partial cash flow hedge
Derivative
Notional Amount	$ 314,300,000
Interest Rate	5%
Fair Value Assets (Liabilities)	$ 62,000	952,000
1918 Eighth | Interest Rate Swap | Cash flow hedge
Derivative
Notional Amount	$ 172,865,000
Interest Rate	3.75%
Fair Value Assets (Liabilities)	$ 524,000	1,075,000
1918 Eighth | Interest Rate Sold Cap | Mark-to-market
Derivative
Notional Amount	$ 172,865,000
Interest Rate	5%
Fair Value Assets (Liabilities)	$ (34,000)	(520,000)
Hollywood Media Portfolio | Interest Rate Cap | Cash flow hedge
Derivative
Notional amount	539,000,000
Hollywood Media Portfolio | Interest Rate Cap | Partial cash flow hedge
Derivative
Notional Amount	$ 1,100,000,000
Interest Rate	5.70%
Fair Value Assets (Liabilities)	$ 0	59,000
Hollywood Media Portfolio | Interest Rate Cap
Derivative
Notional amount	539,000,000
Hollywood Media Portfolio | Interest Rate Cap | Partial cash flow hedge
Derivative
Notional Amount	$ 1,100,000,000
Interest Rate	6.01%
Fair Value Assets (Liabilities)	$ 4,000	0
Hollywood Media Portfolio | Interest Rate Swap
Derivative
Notional amount	351,200,000
Hollywood Media Portfolio | Interest Rate Swap | Cash flow hedge
Derivative
Notional Amount	$ 351,186,000
Interest Rate	3.31%
Fair Value Assets (Liabilities)	$ 3,663,000	4,355,000
Hollywood Media Portfolio | Interest Rate Sold Cap | Mark-to-market
Derivative
Notional Amount	$ 561,000,000
Interest Rate	5.70%
Fair Value Assets (Liabilities)	$ 0	(29,000)
Hollywood Media Portfolio | Interest Rate Swap
Derivative
Notional amount	180,000,000
Hollywood Media Portfolio | Interest Rate Swap | Cash flow hedge
Derivative
Notional Amount	$ 180,000,000
Interest Rate	4.13%
Fair Value Assets (Liabilities)	$ (267,000)	0
Hollywood Media Portfolio | Interest Rate Sold Cap | Mark-to-market
Derivative
Notional Amount	$ 561,000,000
Interest Rate	6.01%
Fair Value Assets (Liabilities)	$ (2,000)	$ 0

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized gain included in accumulated other comprehensive loss	$ 2.4

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current federal	$ 1,048	$ 171
Current state	0	16
Deferred federal	1,194	4,776
Deferred state	(601)	1,833
Income tax provision	$ 1,641	$ 6,796	$ 0

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2024	Dec. 31, 2023
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	$ 0	$ 82,706,000	$ 29,477,000
Other (expense) income
Income Tax Contingency [Line Items]
Income tax benefit	$ 7,500,000

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit computed at the federal statutory rate	$ (79,751)	$ (34,420)
Income tax benefit attributable to non-taxable entities	37,893	16,643
State income taxes, net of federal tax benefit	(11,850)	(4,810)
Valuation allowance	53,229	29,681
Other	2,120	(298)
Income tax provision	$ 1,641	$ 6,796	$ 0

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating loss and tax credit carryforwards	$ 68,457,000	$ 41,339,000
Depreciation and amortization	29,237,000	11,124,000
Prepaid rent	703,000	1,578,000
Other	973,000	122,000
Total deferred tax assets	99,370,000	54,163,000
Valuation allowance	(82,706,000)	(29,477,000)	$ 0
Net deferred tax assets	16,664,000	24,686,000
Deferred tax liabilities:
Depreciation and amortization	(14,432,000)	(21,170,000)
Unrealized gain on non-real estate investments	(3,912,000)	(4,640,000)
Other	(205,000)	(169,000)
Total deferred tax liabilities	(18,549,000)	(25,979,000)
Deferred tax liability, net	$ (1,885,000)	$ (1,293,000)

Future Minimum Rents and Leas_3

Future Minimum Rents and Lease Payments - Schedule of Future Minimum Base Rents Receivable (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Year Ended
2025	$ 508,871
2026	466,138
2027	409,955
2028	341,630
2029	276,778
Thereafter	583,574
TOTAL	$ 2,586,946

Future Minimum Rents and Leas_4

Future Minimum Rents and Lease Payments - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) contract	Dec. 31, 2023 USD ($)
Operating Leased Assets
Total operating lease payments	$ 712,548
PRESENT VALUE OF OPERATING LEASE LIABILITIES	395,831
Operating lease, right-of-use asset	376,700
Operating lease right-of-use assets	370,826	$ 376,306
Held-for-sale
Operating Leased Assets
Operating lease right-of-use assets	$ 5,900
Ground Lease
Operating Leased Assets
Number of operating lease contracts (contract) | contract	11
Operating lease, impairment loss	$ 1,400
Sound Stage
Operating Leased Assets
Number of operating lease contracts (contract) | contract	9
Office
Operating Leased Assets
Number of operating lease contracts (contract) | contract	7
Facility
Operating Leased Assets
Number of operating lease contracts (contract) | contract	16

Future Minimum Rents and Leas_5

Future Minimum Rents and Lease Payments - Schedule of Future Minimum Payments Due (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
For the Year Ended December 31,
2025	$ 42,072
2026	41,726
2027	41,449
2028	40,503
2029	38,385
Thereafter	508,413
Total operating lease payments	712,548
Less: interest portion	(316,717)
PRESENT VALUE OF OPERATING LEASE LIABILITIES	395,831
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Operating lease liabilities	$ 380,004	$ 389,210
Operating lease labilities [Extensible Enumeration]	Operating lease liabilities
Foothill Research Center | Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Operating lease liabilities	$ 15,827

Future Minimum Rents and Leas_6

Future Minimum Rents and Lease Payments - Schedule of Rental Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Variable rental expense	$ 9,985	$ 11,005	$ 9,854
Minimum rental expense	$ 46,576	$ 45,145	$ 31,003

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative asset	$ 4,325	$ 6,441
Interest rate derivative liabilities	$ (303)	$ (549)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable, accrued liabilities and other	Accounts payable, accrued liabilities and other
Earnout liability	$ 0	$ (5,000)
Non-Real Estate Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments measured at NAV	47,373	48,581
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative asset	0	0
Interest rate derivative liabilities	0	0
Earnout liability	0	0
Level 1 | Non-Real Estate Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments measured at NAV	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative asset	4,325	6,441
Interest rate derivative liabilities	(303)	(549)
Earnout liability	0	0
Level 2 | Non-Real Estate Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Non-real estate investments measured at NAV	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Interest rate derivative asset	0	0
Interest rate derivative liabilities	0	0
Earnout liability	0	(5,000)
Level 3 | Non-Real Estate Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions
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	12 Months Ended
	Dec. 31, 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	Dec. 31, 2024	Dec. 31, 2023
Carrying Value | Unsecured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	$ 2,435,000	$ 2,307,000
Carrying Value | Secured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	1,752,667	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	2,040,075	1,971,410
Fair Value | Secured debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	1,741,090	1,634,668
Fair Value | Consolidated joint venture partner debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Debt	$ 60,637	$ 59,966

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) portion $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award
Unrecognized compensation cost related to unvested share-based payments | $	$ 39.2
Unrecognized compensation cost, amortization period (in years)	3 years
2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares) | shares	2.2
Stock price assumption for maximum bonus pool eligibility (in dollars per share) | $ / shares	$ 3.03
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
Award vesting percentage (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
Award vesting percentage (as a percent)	20%
PSU Plan 2024 | Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting percentage (as a percent)	20%
PSU Plan 2024 | Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting percentage (as a percent)	20%
PSU Plan 2024 | Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting percentage (as a percent)	20%

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Key Components of Outperformance Plan (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
PSU Plan 2024 | Market-Based Performance Unit
Share-based Compensation Arrangement by Share-based Payment Award
Maximum bonus pool	$ 25.5
PSU Plan 2023 | Operational Performance Unit
Share-based Compensation Arrangement by Share-based Payment Award
Maximum bonus pool		$ 15
PSU Plan 2022 | Operational Performance Unit
Share-based Compensation Arrangement by Share-based Payment Award
Maximum bonus pool			$ 15
PSU Plan 2022 | Relative TSR Performance Unit
Share-based Compensation Arrangement by Share-based Payment Award
Maximum bonus pool			$ 15

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Valuation Assumptions (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
PSU Plan 2024
Share-based Compensation Arrangement by Share-based Payment Award
Risk-free rate	3.89%
PSU Plan 2024 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Dividend yield	3%
PSU Plan 2024 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Dividend yield	6%
PSU Plan 2023
Share-based Compensation Arrangement by Share-based Payment Award
Risk-free rate		3.44%
Dividend yield		5.40%
PSU Plan 2022
Share-based Compensation Arrangement by Share-based Payment Award
Risk-free rate			1.72%
Dividend yield			3.60%
The Company | PSU Plan 2024
Share-based Compensation Arrangement by Share-based Payment Award
Expected price volatility	41%
The Company | PSU Plan 2023
Share-based Compensation Arrangement by Share-based Payment Award
Expected price volatility		40%
The Company | PSU Plan 2022
Share-based Compensation Arrangement by Share-based Payment Award
Expected price volatility			43%
REIT Index | PSU Plan 2023
Share-based Compensation Arrangement by Share-based Payment Award
Expected price volatility		27%
REIT Index | PSU Plan 2022
Share-based Compensation Arrangement by Share-based Payment Award
Expected price volatility			33%

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Activity and Status of Unvested Shares and Performance Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted Stock
Units
Beginning balance (in shares)	693,835	309,837	507,534
Granted (in shares)	195,240	618,316	50,915
Vested (in shares)	(286,869)	(198,430)	(234,741)
Canceled (in shares)	(20,798)	(35,888)	(13,871)
Ending balance (in shares)	581,408	693,835	309,837
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share)	$ 9.89	$ 23.14	$ 25.17
Granted (in dollars per share)	5.77	7.54	20.15
Vested (in dollars per share)	11.95	23.61	26.81
Canceled (in dollars per share)	13.51	7.83	24.42
Ending balance (in dollars per share)	$ 7.37	$ 9.89	$ 23.14
Performance units
Units
Beginning balance (in shares)	1,271,899	357,656	681,394
Granted (in shares)	3,010,397	1,422,893	25,206
Vested (in shares)	(808,717)	(508,650)	(348,944)
Canceled (in shares)	(172,947)	0	0
Ending balance (in shares)	3,300,632	1,271,899	357,656
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share)	$ 9.82	$ 22.53	$ 24.91
Granted (in dollars per share)	7.28	8.16	11.98
Vested (in dollars per share)	9.08	14.11	26.42
Canceled (in dollars per share)	7.46	0	0
Ending balance (in dollars per share)	$ 7.81	$ 9.82	$ 22.53

Stock-Based Compensation - Sc_4

Stock-Based Compensation - Schedule of Stock-based Compensation Recorded (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Expensed stock compensation	$ 26,009	$ 23,863	$ 24,296
Capitalized stock compensation	2,160	3,021	3,354
Total stock compensation	$ 28,169	$ 26,884	$ 27,650

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Numerator:
Basic net loss available to common stockholders	$ (364,143)	$ (192,181)	$ (56,499)
Diluted net loss available to common stockholders	$ (364,143)	$ (192,181)	$ (56,499)
Denominator:
Basic weighted average common shares outstanding (in shares)	141,192,730	140,953,088	143,732,433
Effect of dilutive instruments (in shares)	0	0	0
Diluted weighted average common shares outstanding (in shares)	141,192,730	140,953,088	143,732,433
Basic earnings per common share (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)
Diluted earnings per common share (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)
Hudson Pacific Partners, L.P.
Numerator:
Basic net loss available to common stockholders	$ (373,500)	$ (195,539)	$ (57,208)
Diluted net loss available to common stockholders	$ (373,500)	$ (195,539)	$ (57,208)
Denominator:
Basic weighted average common units outstanding (in shares)	144,793,957	143,421,154	145,580,928
Effect of dilutive instruments (in shares)	0	0	0
Diluted weighted average common units outstanding (in shares)	144,793,957	143,421,154	145,580,928
Basic earnings per common unit (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)
Diluted earnings per common unit (in dollars per share)	$ (2.58)	$ (1.36)	$ (0.39)

Redeemable Non-controlling In_3

Redeemable Non-controlling Interest - Narrative (Details) - $ / shares			12 Months Ended
	Oct. 09, 2018	Aug. 31, 2018	Dec. 31, 2024	Dec. 31, 2023
Redeemable Noncontrolling Interest
Interest rate of preferred stock (as a percent)			6.25%
Consolidated Real Estate Entities | HPP-MAC WSP, LLC
Redeemable Noncontrolling Interest
VIE, ownership interest (as a percent)		75%
Consolidated Real Estate Entities | 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
Liquidation preference (in dollars per share)			$ 25

Redeemable Non-controlling In_4

Redeemable Non-controlling Interest - Schedule of Non-controlling Interests (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Consolidated Real Estate Entities
Increase (Decrease) in Temporary Equity
Balance, December 31, 2023	$ 57,182
Contributions	88
Distributions	(3,932)
Declared dividend	0
Net income (loss)	(4,059)
Balance, December 31, 2024	49,279
Series A Redeemable Preferred Units
Increase (Decrease) in Temporary Equity
Balance, December 31, 2023	9,815
Contributions	0
Distributions	0
Declared dividend	(612)
Net income (loss)	612
Balance, December 31, 2024	$ 9,815

Equity - Schedule of Comprehens

Equity - Schedule of Comprehensive Loss Hudson Pacific Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 3,494,172	$ 3,749,831	$ 4,196,992
Unrealized gain (loss) recognized in AOCI	1,583	15,611	(11,576)
Reclassification from AOCI into income	(9,813)	(4,526)	2,065
Net change in AOCI	(8,509)	10,905	(9,657)
Ending balance	3,118,637	3,494,172	3,749,831
Total AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(187)	(11,272)	(1,761)
Net change in AOCI	(8,230)	11,085	(9,511)
Ending balance	(8,417)	(187)	(11,272)
Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	3,656	(1,280)	(3,957)
Unrealized gain (loss) recognized in AOCI	8,942	9,462	612
Reclassification from AOCI into income	(9,813)	(4,526)	2,065
Net change in AOCI	(871)	4,936	2,677
Ending balance	2,785	3,656	(1,280)
Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(3,843)	(9,992)	2,196
Unrealized gain (loss) recognized in AOCI	(7,359)	6,149	(12,188)
Reclassification from AOCI into income	0	0	0
Net change in AOCI	(7,359)	6,149	(12,188)
Ending balance	$ (11,202)	$ (3,843)	$ (9,992)

Equity - Schedule of Comprehe_2

Equity - Schedule of Comprehensive Loss LP (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Unrealized gain (loss) recognized in AOCI	$ 1,583	$ 15,611	$ (11,576)
Reclassification from AOCI into income	(9,813)	(4,526)	2,065
Net change in AOCI	(8,509)	10,905	(9,657)
Hudson Pacific Partners, L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	3,494,172	3,749,831	4,196,992
Unrealized gain (loss) recognized in AOCI	1,655	16,054	(11,778)
Reclassification from AOCI into income	(10,306)	(4,656)	2,097
Net change in AOCI	(8,509)	10,905	(9,657)
Ending balance	3,118,637	3,494,172	3,749,831
Total AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Net change in AOCI	(8,230)	11,085	(9,511)
Total AOCI | Hudson Pacific Partners, L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(62)	(11,460)	(1,779)
Net change in AOCI	(8,651)	11,398	(9,681)
Ending balance	(8,713)	(62)	(11,460)
Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Unrealized gain (loss) recognized in AOCI	8,942	9,462	612
Reclassification from AOCI into income	(9,813)	(4,526)	2,065
Net change in AOCI	(871)	4,936	2,677
Derivative Instruments | Hudson Pacific Partners, L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	3,813	(1,260)	(3,954)
Unrealized gain (loss) recognized in AOCI	9,382	9,729	597
Reclassification from AOCI into income	(10,306)	(4,656)	2,097
Net change in AOCI	(924)	5,073	2,694
Ending balance	2,889	3,813	(1,260)
Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Unrealized gain (loss) recognized in AOCI	(7,359)	6,149	(12,188)
Reclassification from AOCI into income	0	0	0
Net change in AOCI	(7,359)	6,149	(12,188)
Currency Translation Adjustments | Hudson Pacific Partners, L.P.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(3,875)	(10,200)	2,175
Unrealized gain (loss) recognized in AOCI	(7,727)	6,325	(12,375)
Reclassification from AOCI into income	0	0	0
Net change in AOCI	(7,727)	6,325	(12,375)
Ending balance	$ (11,602)	$ (3,875)	$ (10,200)

Equity - Narrative (Details)

Equity - Narrative (Details)		3 Months Ended	12 Months Ended
	Jul. 31, 2022 $ / shares shares	Mar. 31, 2022 USD ($) shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Sep. 30, 2024 $ / shares	Jun. 30, 2024 $ / shares	Mar. 31, 2024 $ / shares	Feb. 25, 2022 USD ($)
Class of Stock
Noncontrolling performance units vested (in shares) | shares			992,611	618,591	348,944
Stock repurchase program authorized			$ 250,000,000
Shares repurchased during period (in shares) | shares			0	200,000	2,100,000
Share repurchase program, weighted average price (in dollars per share) | $ / shares	$ 24.60			$ 7.33	$ 17.65
Repurchase of common stock				$ 1,400,000	$ 37,200,000
Repurchase of common stock, cumulative			$ 214,700,000
Repurchase of common stock			$ 0	$ 1,369,000	$ 37,206,000
Accumulated shares repurchased (in shares) | shares	8,100,000
Interest rate of preferred stock (as a percent)			6.25%
Series C Cumulative Redeemable Preferred Stock
Class of Stock
Preferred stock, outstanding (in shares) | shares			17,000,000	17,000,000
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01	$ 0.01
Interest rate of preferred stock (as a percent)			4.75%	4.75%
Liquidation preference (in dollars per share) | $ / shares			$ 25	$ 25
Dividend rate (in dollars per share) | $ / shares			1.1875			$ 1.1875	$ 1.1875	$ 1.1875
Liquidation preference of preferred stock (in dollars per share) | $ / shares			$ 25
Uncollared Accelerated Share Repurchase Agreement | Common Stock
Class of Stock
Stock repurchase program authorized									$ 100,000,000
Shares repurchased during period (in shares) | shares		3,300,000
Repurchase of common stock		$ 100,000,000
Shares repurchased (in percentage)		0.85
Collared Accelerated Share Repurchase Agreements | Common Stock
Class of Stock
Stock repurchase program authorized									$ 100,000,000
Shares repurchased during period (in shares) | shares		3,300,000
Repurchase of common stock		$ 100,000,000
ATM Program
Class of Stock
Number of share authorized, value			$ 125,000,000
Cumulative total of sales of common stock			$ 65,800,000
Sales of stock, shares issued (in shares) | shares			0	0	0
Non-controlling interest—units in the operating partnership
Class of Stock
Common stock, conversion ratio			1
Performance units
Class of Stock
Common stock, conversion ratio			1

Equity - Schedule of Non-contro

Equity - Schedule of Non-controlling Interests (Details) - shares	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock
Company-owned common units in the operating partnership (in shares)	141,279,102	141,034,806
Non-controlling common units in the operating partnership - common units (in shares)	550,969	550,969	550,969
Non-controlling common units in the operating partnership - preferred units (in shares)	3,245,377	2,259,464	1,640,873
Hudson Pacific Partners, L.P.
Class of Stock
Company’s ownership interest (as a percent)	97.40%	98%	98.50%
Noncontrolling Interest In Operating Partnership
Class of Stock
Non-controlling ownership interest (as a percent)	2.60%	2%	1.50%
Noncontrolling Interest In Operating Partnership | Common Stock
Class of Stock
Non-controlling common units in the operating partnership (in shares)	3,796,346	2,810,433	2,191,842
Partnership Interest | Hudson Pacific Partners, L.P.
Class of Stock
Company-owned common units in the operating partnership (in shares)	141,279,102	141,034,806	141,054,478

Equity - Schedule of Dividends

Equity - Schedule of Dividends (Details) - $ / shares	3 Months Ended									12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock
Common stock, dividends declared (in dollars per share)										$ 0.10	$ 0.375	$ 1
Common stock, dividends, cash paid (in dollars per share)			$ 0.05000	$ 0.05000						0.10000	0.375	1
Common units, dividends declared (in dollars per share)										0.10	0.375	1
Common units, dividends, cash paid (in dollars per share)										0.10	0.375	1
Unvested performance units, dividends (in dollars per share)										0.01	0.0375	0.10
Unvested performance units, dividends, cash paid (in dollars per share)										$ 0.01	0.0375	0.10
Percentage of amount received for dividend declared from common units, unvested performance units (as a percent)	10%	10%	10%	10%
Common stock, dividends, cash paid (as a percent)										100%
Preferred stock, interest rate (as a percent)										6.25%
Total
Class of Stock
Common stock, dividends, cash paid (in dollars per share)			$ 0.03342	$ 0.03342						$ 0.06684
Common stock, dividends, cash paid (as a percent)										66.84%
Non-Qualified
Class of Stock
Common stock, dividends, cash paid (in dollars per share)			0.03342	0.03342						$ 0.06684
Qualified
Class of Stock
Common stock, dividends, cash paid (in dollars per share)			0	0						0
Capital Gains Distributions
Class of Stock
Common stock, dividends, cash paid (in dollars per share)			0	0						$ 0
Common stock, dividends, cash paid (as a percent)										0%
Return of Capital
Class of Stock
Common stock, dividends, cash paid (in dollars per share)			0.01658	0.01658						$ 0.03316
Common stock, dividends, cash paid (as a percent)										33.16%
Series A preferred units
Class of Stock
Preferred units/stock, dividends declared (in dollars per share)										$ 1.5625	1.5625	1.5625
Preferred units/stock, dividends, cash paid (in dollars per share)										1.5625	1.5625	1.5625
Series C preferred stock
Class of Stock
Preferred units/stock, dividends declared (in dollars per share)					$ 0.2968750	$ 0.2968750	$ 0.2968750	$ 0.2968750	$ 0.1484375	1.1875	1.1875	1.3359
Preferred units/stock, dividends, cash paid (in dollars per share)	$ 0.296875	$ 0.296875	0.296875	0.296875						$ 1.1875	$ 1.1875	$ 1.3359
Preferred stock, interest rate (as a percent)										4.75%	4.75%
Preferred units/stock, dividends, cash paid (as a percent)										100%
Series C preferred stock | Total
Class of Stock
Preferred units/stock, dividends, cash paid (in dollars per share)	0.296875	0.296875	0.296875	0.296875						$ 1.187500
Preferred units/stock, dividends, cash paid (as a percent)										100%
Series C preferred stock | Non-Qualified
Class of Stock
Preferred units/stock, dividends, cash paid (in dollars per share)	0.296875	0.296875	0.296875	0.296875						$ 1.187500
Series C preferred stock | Qualified
Class of Stock
Preferred units/stock, dividends, cash paid (in dollars per share)	0	0	0	0						0
Series C preferred stock | Capital Gains Distributions
Class of Stock
Preferred units/stock, dividends, cash paid (in dollars per share)	0	0	0	0						$ 0
Preferred units/stock, dividends, cash paid (as a percent)										0%
Series C preferred stock | Return of Capital
Class of Stock
Preferred units/stock, dividends, cash paid (in dollars per share)	$ 0	$ 0	$ 0	$ 0						$ 0
Preferred units/stock, dividends, cash paid (as a percent)										0%

Segment Reporting - Schedule of

Segment Reporting - Schedule of Operating Activity (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	2
Segment Reporting Information
Revenues	$ 842,082	$ 952,297	$ 1,026,224
TOTAL SEGMENT PROFIT	388,003	501,832	612,406
Office
Segment Reporting Information
Revenues	692,276	812,375	852,700
Total expenses	(305,649)	(312,018)	(308,668)
Office | Core Office
Segment Reporting Information
Revenues	679,049	798,429	836,374
Utilities	(27,780)	(26,214)	(24,941)
Taxes	(73,862)	(77,672)	(82,378)
Administrative	(29,511)	(30,251)	(29,780)
Insurance	(26,846)	(26,408)	(19,606)
Other segment expenses	(134,423)	(137,527)	(135,637)
Total expenses	(292,422)	(298,072)	(292,342)
TOTAL SEGMENT PROFIT	386,627	500,357	544,032
Studio
Segment Reporting Information
Revenues	149,806	139,922	173,524
Other segment expenses	(88,748)	(87,944)	(64,455)
Total expenses	(148,430)	(138,447)	(105,150)
TOTAL SEGMENT PROFIT	1,376	1,475	68,374
Rent expense & real estate taxes	(34,263)	(30,483)	(16,644)
Cost of goods sold	$ (25,419)	$ (20,020)	$ (24,051)

Segment Reporting - Schedule _2

Segment Reporting - Schedule of Reconciliation of Segments Revenue to Consolidated Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information
Revenues	$ 842,082	$ 952,297	$ 1,026,224
Office
Segment Reporting Information
Revenues	692,276	812,375	852,700
Office | Core Office
Segment Reporting Information
Revenues	679,049	798,429	836,374
Office | Chargebacks
Segment Reporting Information
Revenues	13,227	13,946	16,326
Studio
Segment Reporting Information
Revenues	$ 149,806	$ 139,922	$ 173,524

Segment Reporting - Schedule _3

Segment Reporting - Schedule of Reconciliation To Total Profit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
NET (LOSS) INCOME	$ (381,406)	$ (170,700)	$ (16,517)
General and administrative	79,451	74,958	79,501
Depreciation and amortization	354,425	397,846	373,219
Income from unconsolidated real estate entities	7,308	3,902	(943)
Fee income	(5,269)	(6,181)	(7,972)
Interest expense	177,393	214,415	149,901
Interest income	(2,467)	(2,182)	(2,340)
Management services reimbursement income—unconsolidated real estate entities	(4,119)	(4,125)	(4,163)
Management services expense—unconsolidated real estate entities	4,119	4,125	4,163
Transaction-related expenses	2,499	(1,150)	14,356
Unrealized loss on non-real estate investments	3,958	3,120	1,440
Loss (gain) on sale of real estate	2,453	(103,202)	2,164
Impairment loss	149,664	60,158	28,548
Gain on extinguishment of debt	0	(10,000)	0
Other (income) loss	(1,647)	6	(8,951)
Loss on sale of bonds	0	34,046	0
Income tax provision	1,641	6,796	0
Gross Profit	$ 388,003	$ 501,832	$ 612,406

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Management services reimbursement income—unconsolidated real estate entities	$ 4,119	$ 4,125	$ 4,163
Operating lease right-of-use assets	370,826	376,306
Operating lease liabilities	380,004	389,210
Management services expense—unconsolidated real estate entities	4,119	4,125	4,163
Related Party Leases | Related Party
Related Party Transaction [Line Items]
Operating lease right-of-use assets	4,900	6,200
Operating lease liabilities	5,100	6,400
Management services expense—unconsolidated real estate entities	$ 1,200	$ 1,000	$ 1,000

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Capital Addition Purchase Commitments
Loss Contingencies
Commitment to fund amount	$ 98.6
Revolving Credit Facility | Unsecured Debt
Loss Contingencies
Letters of credit outstanding	16.1
Real Estate Technology Venture Capital Fund
Loss Contingencies
Commitment to fund amount	51
Contributions to date	41.1
Amount remaining to be contributed	$ 9.9

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Significant Noncash Transactions
Cash paid for interest, net of capitalized interest	$ 170,984	$ 197,599	$ 133,869
Non-cash investing and financing activities
Accounts payable and accrued liabilities for real estate investments	79,128	87,779	150,408
Remeasurement of operating lease liabilities and related right-of-use assets	29,160	5,751	23,177
Operating lease liabilities recorded in connection with right-of-use assets	3,617	2,117	100,805
Redemption of common units in the operating partnership	133	0	0
Assets recognized upon consolidation of previously unconsolidated real estate entity	197,968	0	0
Liabilities recognized upon consolidation of previously unconsolidated real estate entity	86,565	0	0
Derecognition of equity method investment upon consolidation of previously unconsolidated real estate entity	55,593	0	0
Note payable issued as consideration in a business combination	0	0	160,000
Hudson Pacific Partners, L.P.
Other Significant Noncash Transactions
Cash paid for interest, net of capitalized interest	170,984	197,599	133,869
Non-cash investing and financing activities
Accounts payable and accrued liabilities for real estate investments	79,128	87,779	150,408
Remeasurement of operating lease liabilities and related right-of-use assets	29,160	5,751	23,177
Operating lease liabilities recorded in connection with right-of-use assets	3,617	2,117	100,805
Redemption of common units in the operating partnership	133	0	0
Assets recognized upon consolidation of previously unconsolidated real estate entity	197,968	0	0
Liabilities recognized upon consolidation of previously unconsolidated real estate entity	86,565	0	0
Derecognition of equity method investment upon consolidation of previously unconsolidated real estate entity	55,593	0	0
Note payable issued as consideration in a business combination	$ 0	$ 0	$ 160,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)		12 Months Ended
	Jan. 22, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 31, 2025	Jan. 29, 2025
Subsequent Event [Line Items]
Repayments of unsecured revolving credit facility		$ 38,000,000	$ 1,203,632,000	$ 515,000,000
Revolving Credit Facility | Unsecured Debt
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 775,000,000
Subsequent Event | Revolving Credit Facility | Unsecured Debt
Subsequent Event [Line Items]
Repayments of unsecured revolving credit facility	$ 35,000,000
Maximum borrowing capacity					$ 900,000,000	$ 900,000,000
Subsequent Event | MaxWell
Subsequent Event [Line Items]
Proceeds from sale of real estate	$ 46,000,000

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) contract	Dec. 31, 2023 USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	$ 1,782,900
Initial Costs, Land	1,249,014
Initial Costs, Building & Improvements	4,683,638
Total Adjustment to Basis	2,456,429
Total Costs, Land	1,243,316
Total Costs, Building & Improvements	7,145,765
Total Costs	8,389,081
Accumulated depreciation	(1,874,306)
Real estate, federal income tax basis	8,800,000
Secured Debt
SEC Schedule III, Real Estate and Accumulated Depreciation
Notes payable	1,752,667	$ 1,653,067
Secured Debt | Hollywood Media Portfolio
SEC Schedule III, Real Estate and Accumulated Depreciation
Debt instrument, face amount	1,100,000	$ 1,100,000
Joint venture partner debt
SEC Schedule III, Real Estate and Accumulated Depreciation
Notes payable	$ 66,136
Building and improvements
SEC Schedule III, Real Estate and Accumulated Depreciation
Estimated useful life (in years)	39 years
Land improvements
SEC Schedule III, Real Estate and Accumulated Depreciation
Estimated useful life (in years)	15 years
Sound stage
SEC Schedule III, Real Estate and Accumulated Depreciation
Number of operating lease contracts (contract) | contract	9
Various | Sound stage
SEC Schedule III, Real Estate and Accumulated Depreciation
Number of operating lease contracts (contract) | contract	24
Office | 875 Howard, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Costs, Land	18,058
Initial Costs, Building & Improvements	41,046
Total Adjustment to Basis	47,985
Total Costs, Land	18,058
Total Costs, Building & Improvements	89,031
Total Costs	107,089
Accumulated depreciation	(28,611)
Office | 6040 Sunset, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	1,100,000
Initial Costs, Land	6,599
Initial Costs, Building & Improvements	27,187
Total Adjustment to Basis	29,237
Total Costs, Land	6,599
Total Costs, Building & Improvements	56,424
Total Costs	63,023
Accumulated depreciation	(26,723)
Office | ICON, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	164,257
Total Costs, Land	0
Total Costs, Building & Improvements	164,257
Total Costs	164,257
Accumulated depreciation	(44,238)
Office | CUE, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	49,553
Total Costs, Land	0
Total Costs, Building & Improvements	49,553
Total Costs	49,553
Accumulated depreciation	(11,428)
Office | EPIC, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	10,606
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	215,574
Total Costs, Land	10,606
Total Costs, Building & Improvements	215,574
Total Costs	226,180
Accumulated depreciation	(41,316)
Office | 1455 Market, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	41,226
Initial Costs, Building & Improvements	34,990
Total Adjustment to Basis	59,954
Total Costs, Land	41,226
Total Costs, Building & Improvements	94,944
Total Costs	136,170
Accumulated depreciation	(42,658)
Office | Rincon Center, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	58,251
Initial Costs, Building & Improvements	110,656
Total Adjustment to Basis	76,541
Total Costs, Land	58,251
Total Costs, Building & Improvements	187,197
Total Costs	245,448
Accumulated depreciation	(69,384)
Office | 10950 Washington, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	17,979
Initial Costs, Building & Improvements	25,110
Total Adjustment to Basis	12,007
Total Costs, Land	17,979
Total Costs, Building & Improvements	37,117
Total Costs	55,096
Accumulated depreciation	(8,565)
Office | 275 Brannan, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	4,187
Initial Costs, Building & Improvements	8,063
Total Adjustment to Basis	15,378
Total Costs, Land	4,187
Total Costs, Building & Improvements	23,441
Total Costs	27,628
Accumulated depreciation	(12,818)
Office | 625 Second, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	10,744
Initial Costs, Building & Improvements	42,650
Total Adjustment to Basis	7,743
Total Costs, Land	10,744
Total Costs, Building & Improvements	50,393
Total Costs	61,137
Accumulated depreciation	(16,645)
Office | 10900 Washington, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	1,400
Initial Costs, Building & Improvements	1,200
Total Adjustment to Basis	292
Total Costs, Land	1,400
Total Costs, Building & Improvements	1,492
Total Costs	2,892
Accumulated depreciation	(440)
Office | 901 Market, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	17,882
Initial Costs, Building & Improvements	79,305
Total Adjustment to Basis	20,982
Total Costs, Land	17,882
Total Costs, Building & Improvements	100,287
Total Costs	118,169
Accumulated depreciation	(36,000)
Office | Element LA, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	168,000
Initial Costs, Land	79,769
Initial Costs, Building & Improvements	19,755
Total Adjustment to Basis	98,867
Total Costs, Land	79,769
Total Costs, Building & Improvements	118,622
Total Costs	198,391
Accumulated depreciation	(36,745)
Office | 505 First, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	22,917
Initial Costs, Building & Improvements	133,034
Total Adjustment to Basis	16,652
Total Costs, Land	22,917
Total Costs, Building & Improvements	149,686
Total Costs	172,603
Accumulated depreciation	(41,778)
Office | 83 King, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	12,982
Initial Costs, Building & Improvements	51,403
Total Adjustment to Basis	14,158
Total Costs, Land	12,982
Total Costs, Building & Improvements	65,561
Total Costs	78,543
Accumulated depreciation	(22,357)
Office | Met Park North, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	28,996
Initial Costs, Building & Improvements	71,768
Total Adjustment to Basis	(2,318)
Total Costs, Land	28,996
Total Costs, Building & Improvements	69,450
Total Costs	98,446
Accumulated depreciation	(20,248)
Office | 411 First, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	27,684
Initial Costs, Building & Improvements	29,824
Total Adjustment to Basis	29,582
Total Costs, Land	27,684
Total Costs, Building & Improvements	59,406
Total Costs	87,090
Accumulated depreciation	(20,589)
Office | 450 Alaskan, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	87,228
Total Costs, Land	0
Total Costs, Building & Improvements	87,228
Total Costs	87,228
Accumulated depreciation	(20,332)
Office | 95 Jackson, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	18,254
Total Costs, Land	0
Total Costs, Building & Improvements	18,254
Total Costs	18,254
Accumulated depreciation	(4,977)
Office | Palo Alto Square, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	326,033
Total Adjustment to Basis	44,078
Total Costs, Land	0
Total Costs, Building & Improvements	370,111
Total Costs	370,111
Accumulated depreciation	(125,706)
Office | 3400 Hillview, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	159,641
Total Adjustment to Basis	(4,735)
Total Costs, Land	0
Total Costs, Building & Improvements	154,906
Total Costs	154,906
Accumulated depreciation	(60,172)
Office | Foothill Research Center, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	133,994
Total Adjustment to Basis	(39,053)
Total Costs, Land	0
Total Costs, Building & Improvements	94,941
Total Costs	94,941
Accumulated depreciation	(63,554)
Office | Page Mill Center, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	147,625
Total Adjustment to Basis	20,814
Total Costs, Land	0
Total Costs, Building & Improvements	168,439
Total Costs	168,439
Accumulated depreciation	(59,898)
Office | Clocktower Square, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	93,949
Total Adjustment to Basis	13,870
Total Costs, Land	0
Total Costs, Building & Improvements	107,819
Total Costs	107,819
Accumulated depreciation	(31,711)
Office | Towers at Shore Center, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	72,673
Initial Costs, Building & Improvements	144,188
Total Adjustment to Basis	15,939
Total Costs, Land	72,673
Total Costs, Building & Improvements	160,127
Total Costs	232,800
Accumulated depreciation	(48,421)
Office | Shorebreeze, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	69,448
Initial Costs, Building & Improvements	59,806
Total Adjustment to Basis	21,138
Total Costs, Land	69,448
Total Costs, Building & Improvements	80,944
Total Costs	150,392
Accumulated depreciation	(22,247)
Office | 555 Twin Dolphin, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	40,614
Initial Costs, Building & Improvements	73,457
Total Adjustment to Basis	19,568
Total Costs, Land	40,614
Total Costs, Building & Improvements	93,025
Total Costs	133,639
Accumulated depreciation	(26,437)
Office | 333 Twin Dolphin, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	36,441
Initial Costs, Building & Improvements	64,892
Total Adjustment to Basis	19,455
Total Costs, Land	36,441
Total Costs, Building & Improvements	84,347
Total Costs	120,788
Accumulated depreciation	(26,105)
Office | Metro Center, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	313,683
Total Adjustment to Basis	87,722
Total Costs, Land	0
Total Costs, Building & Improvements	401,405
Total Costs	401,405
Accumulated depreciation	(112,348)
Office | Concourse, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	45,085
Initial Costs, Building & Improvements	224,271
Total Adjustment to Basis	70,223
Total Costs, Land	45,085
Total Costs, Building & Improvements	294,494
Total Costs	339,579
Accumulated depreciation	(81,665)
Office | Gateway, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	33,117
Initial Costs, Building & Improvements	121,217
Total Adjustment to Basis	61,135
Total Costs, Land	33,117
Total Costs, Building & Improvements	182,352
Total Costs	215,469
Accumulated depreciation	(57,323)
Office | Metro Plaza, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	16,038
Initial Costs, Building & Improvements	106,156
Total Adjustment to Basis	72,188
Total Costs, Land	16,038
Total Costs, Building & Improvements	178,344
Total Costs	194,382
Accumulated depreciation	(44,092)
Office | 1740 Technology, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	8,052
Initial Costs, Building & Improvements	49,486
Total Adjustment to Basis	11,371
Total Costs, Land	8,052
Total Costs, Building & Improvements	60,857
Total Costs	68,909
Accumulated depreciation	(14,586)
Office | Skyport Plaza, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	16,521
Initial Costs, Building & Improvements	153,844
Total Adjustment to Basis	(1,669)
Total Costs, Land	16,521
Total Costs, Building & Improvements	152,175
Total Costs	168,696
Accumulated depreciation	(38,397)
Office | Techmart, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	66,660
Total Adjustment to Basis	21,117
Total Costs, Land	0
Total Costs, Building & Improvements	87,777
Total Costs	87,777
Accumulated depreciation	(25,540)
Office | Fourth & Traction, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	12,140
Initial Costs, Building & Improvements	37,110
Total Adjustment to Basis	69,223
Total Costs, Land	12,140
Total Costs, Building & Improvements	106,333
Total Costs	118,473
Accumulated depreciation	(35,804)
Office | Maxwell, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	13,040
Initial Costs, Building & Improvements	26,960
Total Adjustment to Basis	20,854
Total Costs, Land	7,342
Total Costs, Building & Improvements	53,512
Total Costs	60,854
Accumulated depreciation	(19,644)
Office | 11601 Wilshire, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	28,978
Initial Costs, Building & Improvements	321,273
Total Adjustment to Basis	69,184
Total Costs, Land	28,978
Total Costs, Building & Improvements	390,457
Total Costs	419,435
Accumulated depreciation	(95,121)
Office | Hill7, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	101,000
Initial Costs, Land	36,888
Initial Costs, Building & Improvements	137,079
Total Adjustment to Basis	20,161
Total Costs, Land	36,888
Total Costs, Building & Improvements	157,240
Total Costs	194,128
Accumulated depreciation	(45,750)
Office | Page Mill Hill, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	131,402
Total Adjustment to Basis	11,133
Total Costs, Land	0
Total Costs, Building & Improvements	142,535
Total Costs	142,535
Accumulated depreciation	(37,372)
Office | Harlow, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	7,455
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	85,378
Total Costs, Land	7,455
Total Costs, Building & Improvements	85,378
Total Costs	92,833
Accumulated depreciation	(11,366)
Office | Ferry Building, San Francisco Bay Area, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	268,292
Total Adjustment to Basis	56,468
Total Costs, Land	0
Total Costs, Building & Improvements	324,760
Total Costs	324,760
Accumulated depreciation	(59,594)
Office | 1918 Eighth, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	314,300
Initial Costs, Land	38,477
Initial Costs, Building & Improvements	545,773
Total Adjustment to Basis	31,758
Total Costs, Land	38,477
Total Costs, Building & Improvements	577,531
Total Costs	616,008
Accumulated depreciation	(76,779)
Office | 5th & Bell, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	20,866
Initial Costs, Building & Improvements	82,072
Total Adjustment to Basis	17,148
Total Costs, Land	20,866
Total Costs, Building & Improvements	99,220
Total Costs	120,086
Accumulated depreciation	(14,468)
Office | Washington 1000, Greater Seattle, WA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	59,980
Initial Costs, Building & Improvements	11,053
Total Adjustment to Basis	222,948
Total Costs, Land	59,980
Total Costs, Building & Improvements	234,001
Total Costs	293,981
Accumulated depreciation	0
Studio | 5801 Bobby Foster Road, Albuquerque, NM
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	2,189
Initial Costs, Building & Improvements	6,268
Total Adjustment to Basis	415
Total Costs, Land	2,189
Total Costs, Building & Improvements	6,683
Total Costs	8,872
Accumulated depreciation	(565)
Studio | Sunset Gower Studios, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	101,477
Initial Costs, Building & Improvements	64,697
Total Adjustment to Basis	83,919
Total Costs, Land	101,477
Total Costs, Building & Improvements	148,616
Total Costs	250,093
Accumulated depreciation	(50,302)
Studio | Sunset Bronson Studios, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	67,092
Initial Costs, Building & Improvements	32,374
Total Adjustment to Basis	52,098
Total Costs, Land	67,092
Total Costs, Building & Improvements	84,472
Total Costs	151,564
Accumulated depreciation	(38,289)
Studio | Sunset Las Palmas Studios, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	134,488
Initial Costs, Building & Improvements	104,392
Total Adjustment to Basis	67,604
Total Costs, Land	134,488
Total Costs, Building & Improvements	171,996
Total Costs	306,484
Accumulated depreciation	(32,472)
Studio | Sunset Glenoaks Studios, Los Angeles, CA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	99,600
Initial Costs, Land	28,675
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	201,090
Total Costs, Land	28,675
Total Costs, Building & Improvements	201,090
Total Costs	229,765
Accumulated depreciation	(829)
Studio | Various
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building & Improvements	0
Total Adjustment to Basis	51,961
Total Costs, Land	0
Total Costs, Building & Improvements	51,961
Total Costs	51,961
Accumulated depreciation	$ (11,897)

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Carrying Amount of Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Beginning balance	$ 8,212,896	$ 8,716,572	$ 8,361,477
Asset acquisitions	0	0	101,653
Business acquisitions	0	0	47,741
Improvements, capitalized costs	374,764	353,544	553,327
Total additions during period	374,764	353,544	702,721
Disposals (fully depreciated assets and early terminations)	(124,575)	(67,177)	(51,812)
Impairment loss	(39,875)	(48,480)	(17,636)
Cost of property sold	(34,129)	(741,563)	(171,646)
Total deductions during period	(198,579)	(857,220)	(241,094)
Ending balance, before reclassification to assets associated with real estate held for sale	8,389,081	8,212,896	8,823,104
Reclassification to assets associated with real estate held for sale	(155,795)	0	(106,532)
TOTAL INVESTMENT IN REAL ESTATE, END OF YEAR	8,233,286	8,212,896	8,716,572
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation
Total accumulated depreciation, beginning of year	(1,728,437)	(1,541,271)	(1,283,774)
Depreciation of real estate	(284,273)	(340,019)	(368,376)
Total additions during period	(284,273)	(340,019)	(368,376)
Deletions	124,575	66,122	55,939
Write-offs due to sale	13,829	86,731	40,556
Total deductions during period	138,404	152,853	96,495
Ending balance, before reclassification to assets associated with real estate held for sale	(1,874,306)	(1,728,437)	(1,555,655)
Reclassification to assets associated with real estate held for sale	83,198	0	14,384
TOTAL ACCUMULATED DEPRECIATION, END OF YEAR	(1,791,108)	$ (1,728,437)	$ (1,541,271)
Initial consolidation	$ 187,772