HPP - Hudson Pacific Properties, Inc.
NYSE
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Real Estate
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REIT—Office
Los Angeles,
United States
Type: Equity
HPP price evolution
HPP
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $119.16 | $94.09 | $127.8 | $182.9 |
| Short term investments | ||||
| Net receivables | $245.4 | $310.27 | $312.97 | $305.83 |
| Inventory | ||||
| Total current assets | $358.47 | $504.8 | $551.03 | $471.03 |
| Long term investments | ||||
| Property, plant & equipment | $6979.55 | $7603.28 | $7682.72 | $7694.7 |
| Goodwill & intangible assets | $264.14 | $263.55 | $263.55 | $263.55 |
| Total noncurrent assets | ||||
| Total investments | $252.71 | $236.25 | $218.42 | $194.16 |
| Total assets | $8282.05 | $8986.8 | $9105.83 | $9124.09 |
| Current liabilities | ||||
| Accounts payable | $203.74 | $267.43 | $274.29 | $271.93 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $681.68 | $748.18 | $761.48 | $762.37 |
| Long term debt | $4011.45 | $4483.16 | $4539.24 | $4499.68 |
| Total noncurrent liabilities | ||||
| Total debt | $4400.66 | $4876.93 | $4934.41 | $4898.76 |
| Total liabilities | $4720.88 | $5260.58 | $5331.53 | $5294.49 |
| Shareholders' equity | ||||
| Retained earnings | -$0.19 | $4.18 | $6.41 | -$8.15 |
| Other shareholder equity | -$0.19 | $4.18 | $6.41 | -$8.15 |
| Total shareholder equity | $3078.01 | $3178.89 | $3216.67 | $3253.32 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $119.16 | $285.73 | $196.88 | $149.54 |
| Short term investments | ||||
| Net receivables | $245.4 | $296.73 | $265.64 | $247.79 |
| Inventory | ||||
| Total current assets | $358.47 | $561.06 | $369.83 | $368.7 |
| Long term investments | ||||
| Property, plant & equipment | $6979.55 | $7706.64 | $7423.21 | $7377.15 |
| Goodwill & intangible assets | $264.14 | $263.55 | $109.44 | |
| Total noncurrent assets | ||||
| Total investments | $252.71 | $180.57 | $284.05 | $217.22 |
| Total assets | $8282.05 | $9319.14 | $8990.19 | $8350.2 |
| Current liabilities | ||||
| Accounts payable | $203.74 | $264.1 | $300.96 | $235.86 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $681.68 | $747.7 | $679.49 | $598.1 |
| Long term debt | $4011.45 | $4652 | $3928.25 | $3597.34 |
| Total noncurrent liabilities | ||||
| Total debt | $4400.66 | $5051.8 | $4221.85 | $3867.35 |
| Total liabilities | $4720.88 | $6014.04 | $4653.93 | $4244.53 |
| Shareholders' equity | ||||
| Retained earnings | -$0.19 | -$11.27 | -$1.76 | -$8.13 |
| Other shareholder equity | -$0.19 | -$11.27 | -$1.76 | $496.71 |
| Total shareholder equity | $3078.01 | $3305.1 | $3741.82 | $3463.14 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $223.42 | $231.44 | $245.17 | $252.26 |
| Cost of revenue | $115.55 | $112.18 | $111.45 | $111.3 |
| Gross Profit | $107.88 | $119.27 | $133.72 | $140.97 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $19.78 | $17.51 | $18.94 | $18.72 |
| Total operating expenses | $122.97 | $116.09 | $117.88 | $115.86 |
| Operating income | -$15.1 | $3.17 | $15.85 | $25.1 |
| Income from continuing operations | ||||
| EBIT | -$34.33 | $20.76 | $30.28 | $39.13 |
| Income tax expense | $6.08 | -$0.42 | $6.3 | |
| Interest expense | $52.38 | $53.58 | $54.65 | $53.81 |
| Net income | ||||
| Net income | -$92.79 | -$32.4 | -$30.67 | -$14.67 |
| Income (for common shares) | -$97.99 | -$37.6 | -$36.16 | -$20.43 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 30 Jan 2021 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $952.3 | $1026.22 | $896.84 | $804.97 |
| Cost of revenue | $450.46 | $413.82 | $335.85 | |
| Gross Profit | $501.83 | $612.41 | $560.99 | |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $74.96 | $79.5 | $71.35 | |
| Total operating expenses | $472.8 | $452.72 | $414.96 | $677.34 |
| Operating income | $29.03 | $159.69 | $146.03 | $127.62 |
| Income from continuing operations | ||||
| EBIT | $50.68 | $115.64 | $131.99 | |
| Income tax expense | $6.8 | |||
| Interest expense | $214.41 | $149.9 | $121.94 | $116.48 |
| Net income | ||||
| Net income | -$170.53 | -$34.26 | $10.05 | $2.05 |
| Income (for common shares) | -$192.18 | -$56.5 | $6.06 | |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$92.79 | -$32.4 | -$30.67 | -$14.67 |
| Operating activities | ||||
| Depreciation | $103.19 | $98.58 | $98.94 | $97.14 |
| Business acquisitions & disposals | -$12.08 | -$20.7 | -$21.1 | -$12.32 |
| Stock-based compensation | $6.78 | $5.54 | $6.31 | $5.24 |
| Total cash flows from operations | $9.22 | $71.36 | $59.17 | $92.52 |
| Investing activities | ||||
| Capital expenditures | $605.16 | -$9.54 | -$80.37 | $23.21 |
| Investments | -$0.73 | -$0.84 | -$2.44 | -$0.4 |
| Total cash flows from investing | $592.35 | -$31.09 | -$103.91 | $10.5 |
| Financing activities | ||||
| Dividends paid | -$18.3 | -$36.66 | ||
| Sale and purchase of stock | -$1.37 | |||
| Net borrowings | -$497.1 | -$58 | $35.57 | -$156.22 |
| Total cash flows from financing | -$616.1 | -$34.37 | -$10.35 | -$205.85 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$55.09 | -$102.83 | ||
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$170.53 | -$34.26 | $10.05 | $2.04 |
| Operating activities | ||||
| Depreciation | $397.85 | $373.22 | $343.61 | $299.68 |
| Business acquisitions & disposals | -$66.2 | -$237.3 | -$283.79 | -$15.15 |
| Stock-based compensation | $23.86 | $24.3 | $21.16 | $22.72 |
| Total cash flows from operations | $232.26 | $369.5 | $314.86 | $302.03 |
| Investing activities | ||||
| Capital expenditures | $538.46 | -$255.76 | -$463.86 | -$996.23 |
| Investments | -$4.41 | $113.68 | -$6.57 | $4.53 |
| Total cash flows from investing | $467.84 | -$378.09 | -$754.21 | -$1006.84 |
| Financing activities | ||||
| Dividends paid | -$54.96 | -$145.43 | -$154.56 | -$155 |
| Sale and purchase of stock | -$1.37 | -$237.21 | -$1.16 | -$80.21 |
| Net borrowings | -$675.74 | $554.34 | $329.1 | $583.49 |
| Total cash flows from financing | -$866.67 | $97.45 | $486.68 | $796.09 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$166.57 | $88.86 | $47.34 | $91.28 |
News
Fundamentals
| Market cap | $916.60M |
|---|---|
| Enterprise value | $5.20B |
| Shares outstanding | 158.03M |
| Revenue | $952.30M |
|---|---|
| EBITDA | $453.69M |
| EBIT | $55.84M |
| Net Income | -$170.53M |
| Revenue Q/Q | -17.23% |
| Revenue Y/Y | -7.20% |
| P/E ratio | -5.38 |
|---|---|
| EV/Sales | 5.46 |
| EV/EBITDA | 11.46 |
| EV/EBIT | 93.08 |
| P/S ratio | 0.96 |
| P/B ratio | 0.30 |
| Book/Share | 19.48 |
| Cash/Share | 0.75 |
| EPS | -$1.08 |
|---|---|
| ROA | -1.92% |
| ROE | -5.36% |
| Debt/Equity | 1.53 |
|---|---|
| Net debt/EBITDA | 10.14 |
| Current ratio | 0.53 |
| Quick ratio | 0.53 |