Hudson Pacific: Overview of Q3 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: Nov 05 2025
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Source: Yahoo Finance
Third Quarter Performance: Hudson Pacific Properties Inc. reported funds from operations of $16.7 million, or 4 cents per share, exceeding Wall Street's expectations of 2 cents per share.
Financial Loss: The company experienced a loss of $136.5 million, translating to 30 cents per share, despite generating revenue of $186.6 million during the same period.
HPP.N$0.0000%Past 6 months

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Analyst Views on HPP
Wall Street analysts forecast HPP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HPP is 2.81 USD with a low forecast of 2.00 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast HPP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HPP is 2.81 USD with a low forecast of 2.00 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 2.080

Current: 2.080

Piper Sandler lowered the firm's price target on Hudson Pacific to $2.50 from $3 and keeps a Neutral rating on the shares. Third quarter showed a bifurcation between those whose outlooks remain intact versus those who dialed back, the firm notes. The need for earnings growth in "REITland" was made abundantly clear in Q3 as sectors like apartments took a step back, because of a tepid job market weighing on new rents, while office's recovery is spreading to the Bay Area, driven by tech and AI, Piper adds. Given the underperformance of REITs, the firm thinks the focus needs to be on delivering cash flow growth.
Overweight
downgrade
$3
Reason
Cantor Fitzgerald lowered the firm's price target on Hudson Pacific to $3 from $3.50 and keeps an Overweight rating on the shares.
Overweight
initiated
$3.50
Reason
Cantor Fitzgerald initiated coverage of Hudson Pacific with an Overweight rating and $3.50 price target. The firm initiated coverage of the U.S. REITs, including nine property sectors and 40 stocks. Although there isn't widespread enthusiasm for a REIT recovery in 2026 just yet, Cantor believes the industry could be well-positioned over the next 12 to 24 months, the analyst tells investors in a research note. The firm's top property sector calls include Office, Industrial, Healthcare and Net Lease, but is incrementally more cautious on Multifamily and Hotels.
BTIG lowered the firm's price target on Hudson Pacific to $4.75 from $8 but keeps a Buy rating on the shares. The company's recapitalization accelerates the timeline for balance sheet and earnings stability, the analyst tells investors in a research note. The debt markets immediately recognized the balance sheet enhancement as yield-to-maturity for the company's 2030 unsecured bonds improved from 11.1% on June 11 to 8.0%, the firm added.
About HPP
Hudson Pacific Properties, Inc. is a real estate investment trust serving technology and media tenants. The Company acquires, repositions, develops and operates sustainable office and studio properties in high-barrier-to-entry technology and media epicenters. The Company operates through two segments: office properties and related operations, and studio properties and related operations. The Company, through its interest in Hudson Pacific Properties, L.P. (its operating partnership) and its subsidiaries, has a portfolio of owned real estate that includes office properties, studio properties comprising approximately 45 sound stages and land properties comprising undeveloped density rights. Its production services assets include vehicles, lighting and grip, production supplies and other equipment and the lease rights to approximately 27 sound stages. Its portfolio consists of properties primarily located throughout the United States, Western Canada and Greater London, United Kingdom.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.