Hudson Pacific: Fourth Quarter Earnings Overview

Hudson Pacific Properties Reports Fourth Quarter Financial Results

Hudson Pacific Properties Inc., a real estate investment trust headquartered in Los Angeles, announced its fourth quarter financial performance on Thursday.

During the quarter, the company recorded funds from operations totaling $13.6 million, which equates to $0.21 per share.

Funds from operations, a key metric for REITs, is calculated by adjusting net income to add back non-cash expenses such as depreciation and amortization.

For the same period, Hudson Pacific Properties reported a net loss of $277.9 million, or $4.31 per share.

Total revenue for the quarter reached $256 million.

Looking at the full year, the company reported $51.1 million in funds from operations and generated $831.1 million in revenue.

Hudson Pacific Properties projects that its funds from operations for the upcoming year will range between $0.96 and $1.06 per share.