Hudson Pacific Properties, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $831.1M | $842.1M | $952.3M | $1.03B | $896.8M | $805.0M | $818.2M | $728.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $403.4M | $388.0M | $501.8M | $612.4M | $561.0M | $505.2M | $516.7M | $460.7M |
| Gross Margin | 48.5% | 46.1% | 52.7% | 59.7% | 62.6% | 62.8% | 63.1% | 63.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $73.0M | $79.5M | $75.0M | $79.5M | $71.3M | $77.9M | $71.9M | $61.0M |
| Operating Income | $-592.6M | $-379.8M | $50.5M | $133.4M | $151.0M | — | — | — |
| Operating Margin | -71.3% | -45.1% | 5.3% | 13.0% | 16.8% | — | — | — |
| Interest Expense | — | — | $214.4M | $149.9M | $121.9M | $113.8M | $105.1M | $83.2M |
| Pretax Income | $-592.6M | $-379.8M | $-163.9M | $-16.5M | $29.0M | — | — | — |
| Income Tax Expense | $-273.0K | $1.6M | $6.8M | $0 | $0 | $-1.0M | $0 | $0 |
| Net Income | $-592.3M | $-381.4M | $-170.7M | $-16.5M | $29.0M | $16.4M | $55.8M | $111.8M |
| Net Margin | -71.3% | -45.3% | -17.9% | -1.6% | 3.2% | 2.0% | 6.8% | 15.3% |
| EPS (Basic) | $-12.81 | $-9.03 | $-4.77 | $-0.20 | $0.02 | $0.00 | $0.14 | $0.32 |
| EPS (Diluted) | $-12.81 | $-9.03 | $-4.77 | $-0.20 | $0.02 | $0.00 | $0.14 | $0.32 |
| Shares Outstanding (Basic) | 44.7M | 40.3M | 40.3M | 287.5M | 303.2M | 306.3M | 308.8M | 310.9M |
| Shares Outstanding (Diluted) | 44.7M | 40.3M | 40.3M | 287.5M | 303.9M | 306.3M | 313.2M | 311.4M |
| Dividends Per Share | $0.00 | $0.35 | $1.32 | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 |