Reading HPP? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track HPP free→Reading HPP? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track HPP free→NYSEReal EstateReit - OfficeSnapshot 2026-06-16
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and the company was unprofitable over the past year, so its earnings quality can't be assessed. Management's recent track record has been fairly steady, and it has a capital-friendly stance. Risk is elevated, and the sector backdrop is a headwind, which could impact performance compared with sector peers, where it is typical. Peer multiples imply a price about 72% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples, but recent financials are weak. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $14.64. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $15 HPP trades at 1× p/s, below its 6× p/s peer median. Our $53 fair value sits above the price; low confidence. Analysts: $7.50–$16. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 72% below a flat-multiple fair value, below our forecast of about -4%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired. Regime (Mania) does not concentrate fragility.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated weak grew net income 56% of the time over the next year (vs 55% for the rest of the cohort, n=1506).
Over the trailing year it converted -0.24x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
13 material management or governance events in the past 24 months, led by executive changes. Historically, Real Estate names rated neutral grew net income 57% of the time over the next year (vs 55% for the rest of the cohort, n=5004).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.87 → $-0.73 (+16.1% / 30d). 2 raised, 0 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d, 4 maintained. 31% of analysts rate Buy.
3 PT revisions / 30d. Avg target 4.2% above current price.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$313.
How much price usually moves either way.
On a bad day, this stock has moved -$640.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $7,436.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If revenue growth in the real estate sector speeds up, it may help Hudson Pacific's outlook.
Confirms:Sector revenue growth exceeds 5% year over year.
Disproves:Sector revenue growth remains below 5% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for HPP yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 7, 2026 , Hudson Pacific Properties, Inc. (also referred to herein as the “Company,” “we,” “us,” or “our”) issued a press release regarding our financial results for the first quarter ended March 31, 2026. A copy of the press release is furnished herewith as Exhibit 99.1, which is incorporated herein by reference. Also on May 7, 2026 , we made available on our website (www.hudsonpacificproperties.com) certain supplemental information conce…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
$7.50 – $16.00 (median $12.00) · 5 analysts · as of 2026-06-15
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Office REITs.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
HPP Hudson Pacific Properties, Inc. | Typical Show detailsSector percentile: 59 of 100 | inexpensive | elevated |
BXP BXP, Inc. | Above typical Show detailsSector percentile: 80 of 100 | full | moderate |
ARE Alexandria Real Estate Equities | Typical Show detailsSector percentile: 47 of 100 | inexpensive | elevated |
VNO Vornado Realty Trust | Above typical Show detailsSector percentile: 70 of 100 | inexpensive | moderate |
CUZ Cousins Properties | Below typical Show detailsSector percentile: 24 of 100 | full | moderate |
Not investment advice. As of 2026-06-16.
via XLRE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Hudson Pacific increased its full-year 2026 Core FFO outlook to $1.10 to $1.18 per diluted share.
Management is focusing on improving cash from operating activities, which increased to $44.3M in 2026-Q1.
Management is addressing ongoing net income losses, with a loss of $50.9M in 2026-Q1.
Results of Operations and Financial Condition. On February 26, 2026 , Hudson Pacific Properties, Inc. (also referred to herein as the “Company,” “we,” “us,” or “our”) issued a press release regarding our financial results for the fourth quarter ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1, which is incorporated herein by reference. Also on February 26, 2026 , we made available on our website (www.hudsonpacificproperties.com) certain supplemental i…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 2, 2025, Mr. Jonathan Glaser notified the board of directors (the “Board”) of Hudson Pacific Properties, Inc. (the “Company”) of his resignation from the Board after 15 years of service, effective immediately, due to his desire to devote more of his time to other professional commitments. In tendering his resignation, Mr. Glaser express…
Entry into a Material Definitive Agreement. The information set forth under the heading “Partnership Agreement Amendment” appearing under
Results of Operations and Financial Condition. On November 5, 2025 , Hudson Pacific Properties, Inc. (also referred to herein as the “Company,” “we,” “us,” or “our”) issued a press release regarding our financial results for the third quarter ended September 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1, which is incorporated herein by reference. Also on November 5, 2025 , we made available on our website (www.hudsonpacificproperties.com) certain supplemental inf…