Hudson Pacific Properties Reports Second Quarter 2019 Financial Results
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Hudson Pacific Properties (HPP) Misses Q2 EPS by 9c, Revenues Miss
July 31, 2019 9:03 AM EDTHudson Pacific Properties (NYSE: HPP) reported Q2 EPS of $0.06, $0.09 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $196.66 million versus the consensus estimate of $198.63 million.
Net Income of $0.06 per Diluted ShareFFO of $0.48 per Diluted Share (Excluding Specified Items)Signed Over 500,000 Square Feet of LeasesAchieved GAAP and cash rent growth of 48.2% and 27.1%, respectivelyIncreased stabilized and in-service leased percentages to 96.6% and 94.5%, respectivelyAdded ~1.0 Million Square Feet to Future Development Pipeline~50% in Downtown Vancouver, ~50% in Downtown SeattleIncreased and Narrowed 2019 FFO Guidance to $1.98 to $2.04 per Diluted... More