Hudson Pacific Properties, Inc. (HPP) AI Stock Analysis

Hudson Pacific Properties, Inc. is a real estate investment trust that owns and operates office and studio properties spanning nearly 19 million square feet, inclusive of development land. Headquartered in Los Angeles, California, the company concentrates on West Coast hubs driven by innovation, media, and technology. Its tenant base includes Fortune 500 corporations and growth companies such as Netflix, Google, Square, Uber, and NFL Enterprises. Traded on the NYSE and included in the S&P MidCap 400 Index, Hudson Pacific Properties focuses on acquiring, developing, and managing strategic urban properties to support evolving commercial needs.

Hudson Pacific Properties generated $896.8M in revenue in FY2021, which grew 14.4% to $1.03B in FY2022 before contracting to $952.3M in FY2023, $842.1M in FY2024, and $831.1M in FY2025. Over the five years from FY2020 to FY2025, revenue grew at a CAGR of 0.6%. Profitability weakened as net income shifted from $10.1M in FY2021 to -$35.0M in FY2022, -$173.9M in FY2023, -$343.3M in FY2024, and -$551.7M in FY2025, resulting in an FY2025 net margin of -66.4%. For the trailing twelve months ended June 30, 2026, revenue totaled $812.8M with an operating margin of -5.9%. In the latest quarter, quarterly revenue fell 1.3% year-over-year while quarterly earnings declined 36.3%.

As of June 30, 2026, Hudson Pacific Properties held $80.8M in cash and short-term investments alongside total debt of $3.74B, resulting in net debt of $3.66B and a debt-to-equity ratio of 1.33. Total assets stood at $7.17B against shareholders' equity of $2.81B, with a current ratio of 1.39. In FY2025, operating cash flow was $121.0M and free cash flow reached $98.9M. Capital allocation in FY2025 included $22.1M in capital expenditures, $7.3M for share buybacks, and $20.9M in dividends paid.

At a closing price of $10.30, Hudson Pacific Properties holds a market capitalization of $559.0M and an enterprise value of $4.72B. The stock trades at a price-to-sales multiple of 0.7x and an EV-to-EBITDA multiple of 54.7x, compared to medians of 3.7x and 14.7x, respectively, for its US-listed Real Estate peers. Its forward P/E is 6.3x against the peer median of 23.5x. Over the past year, HPP returned -43.8% compared to a 16.8% return for SPY, and over five years returned -93.8% versus 83.0% for SPY.

Wall Street coverage consists of 4 Strong Buy, 1 Buy, 5 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target is $16.55, representing an upside of 60.6% above the last close of $10.30. For the current fiscal year ending December 31, 2026, analysts estimate an EPS of -$3.80 on revenue of $741.5M. For the next fiscal year, 2 analysts project an EPS of -$2.67 and revenue of $779.3M, representing 5.1% revenue growth. The company beat EPS estimates in each of the last 4 quarters, and the next earnings date is November 5, 2026.

This page is an AI-written research summary of Hudson Pacific Properties, Inc. (HPP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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