Hudson Pacific Posts $1.62/Shr Q2 Loss, Reversing Q1 Momentum
HPP has more than doubled off its 52-week low of $5.26.
Summary
Hudson Pacific Properties reported a Q2 loss of $1.62 per share, a sharp reversal from improved Q1 results, with a market cap of $775M and a stock price of $13.90. The company also reported Q2 core FFO of $0.35 per share, FFO of $0.24 per share, and revenue of $188.3M. Despite the loss, Hudson Pacific raised its 2026 core FFO outlook to $1.12 to $1.20 per share. The loss follows the COO resignation in late June, adding to operational uncertainty. The magnitude of the loss likely forces a reassessment of the full-year guidance that was just raised three months ago.
Updates
· SEC 8-K — The 8-K attaches the Q2 earnings press release and supplemental data; office occupancy rose 470 bps to 82.5%, and 1.3M sq ft of leases were signed, including 891K sq ft with San Francisco.
At the time of this announcement, HPP was trading at $13.90 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $775.2M. The 52-week trading range was $5.26 to $21.70. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.