Hudson Pacific Properties, Inc. (HPP) Stock

Hudson Pacific Properties, Inc. (HPP) is a Real Estate stock trading at $14.50 (as of 2026-08-21), with a market capitalization of $786.51M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP, and listed as a component of the S&P MidCap 400 Index.

Understand Hudson Pacific Properties, Inc.: how it makes money

Hudson Pacific Properties is a REIT that owns office and studio real estate (plus development land) and makes money primarily from renting those properties to media, technology, and innovation-related tenants.

The profit model is driven by the cash rent generated by its two property types, Office and Studio, with total revenue largely reflecting how those rents contribute each quarter.

Revenue by segment (latest quarter)
Office$0.2B
Studio$0.0B

Business quality (Weak): The company is fundamentally a rental-property business (Office and Studio), but recent results show negative operating margin, so investors will want to focus on whether property-level revenue can support operating costs.

Bull case

  • Premier West Coast portfolio with major tenants: The company owns a portfolio of office and studio properties totaling nearly 19 million square feet in innovation-focused West Coast epicenters, with anchor tenants that include Netflix, Google, Square, Uber, and NFL Enterprises.
  • Revenue mix across two core property types: Reported revenue can be tracked through Office Revenue and Studio Revenue, which provides visibility into how each segment contributes to overall results.

Bear case

  • Currently loss-making at the operating level: For the latest reported period (2026-03-31), operating margin is -27.8%, indicating operating results were negative despite gross margin of 44.2%.
  • Focused exposure to office and studio real estate: Because the portfolio is concentrated in Office and Studio properties, the business can be affected if tenant demand or lease economics weaken in these categories.
Valuation — source: SEC EDGAR (first-party)
Price$14.50
Market Cap$786.51M
Price / Book0.25
Price / Sales0.97
DCF Value (model)$58.10
DCF Upside vs Price300.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$831.11M
Net Margin-71.3%
Revenue Growth (YoY)-8.4%
EPS Growth (YoY)54.7%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Real Estate)29.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($138.25M)
Institutional Holders Tracked10
Congressional Trades (recent)6
Company
SectorReal Estate
IndustryReal Estate
CEOVictor J. Coleman
Employees740
CountryUS
IPO Date2010-06-24

Related Companies (Real Estate; 8 comparable real estate companies)

  • Millrose Properties, Inc. (MRP)
  • Kennedy-Wilson Holdings, Inc. (KW)
  • Ellington Financial Inc. (EFC)
  • Terreno Realty Corporation (TRNO)
  • Urban Edge Properties (UE)
  • Forestar Group Inc. (FOR)
  • AH Realty Trust, Inc. (AHRT)
  • Innovative Industrial Properties, Inc. (IIPR)
HPP earnings history · HPP institutional & insider holders · HPP KPIs & operating metrics · HPP financials · HPP investor presentations & press releases · HPP SEC filings · HPP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.