Hudson Pacific Properties (HPP) Reports Q4 FFO of $0.49
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Hudson Pacific Properties Reports Fourth Quarter and Full Year 2018 Financial Results
February 14, 2019 9:00 AM EST
Fourth Quarter Net Income of $0.10 per Diluted Share
Fourth
Quarter FFO of $0.49 per Diluted Share (Excluding Specified Items)
Signed
807,000 square feet of leases, bringing in-service office portfolio to
93.0% leased
Achieved GAAP and cash rent growth of 36.1% and
20.1%, respectively
Renewed Technicolor for entirety of
115,000-square-foot 6040 Sunset in Hollywood through 2032
Grew
same-store office and studio cash NOI by 7.2% and 16.4%,
respectively
Full Year Net Income of $0.63 per Diluted Share
Full Year
FFO of $1.86 per Diluted Share (Excluding Specified Items)
Signed
record 3.4 million square feet of leases with 29.5% GAAP and 15.7% cash... More
