Hudson Pacific Properties Reports Second Quarter 2018 Financial Results
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Hudson Pacific Properties (HPP) Reports In-Line Q2 EPS, Revenues Beat; Lowers FY18 FFO Outlook
August 1, 2018 9:02 AM EDTHudson Pacific Properties (NYSE: HPP) reported Q2 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $175.17 million versus the consensus estimate of $171.18 million.
We had a strong second quarter, particularly in terms of leasing and building upon our foundation for long-term growth through prudent capital recycling, said Victor Coleman, Hudson Pacific Properties Chairman and CEO. Already standout West Coast market fundamentals continued to improve. We executed leases in excess of 800,000 square feet with 23% GAAP and 17% cash rent growth, including the early renewal and expansion of two of our... More
