Hudson Pacific Properties (HPP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Hudson Pacific Properties

NYSE•Real Estate•REIT - Office

$11.42-0.02(<0.01%)Pre-market

Market Cap

$742.11M

P/S

0.9x

P/B

0.3x

Hudson Pacific Properties, Inc. owns, operates, develops and redevelops top-tier office real estate across high-barrier-to-entry West Coast gateway markets, including the San Francisco Bay Area, Los Angeles, Seattle and Vancouver. The company also owns a studio platform unique among publicly traded REITs, comprising one of the largest independent studio operations in Los Angeles, along with an additional studio in New York. Hudson Pacific's in-service portfolio of 46 properties includes approximately 12.8 million square feet of office space and approximately 1.7 million square feet of studio space, leased to investment-grade and blue-chip tenants in technology and media, balanced by legal, government, retail and financial and business services users. Hudson Pacific Properties, Inc. was incorporated in 1997 and is based in Los Angeles, United States.

How this company scores

WeakMetricSide Score: 29/100

Grade capped at D — Interest coverage below 1× (-0.0x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (12/25); weakest: Profitability (3/25).

Profitability3/25

Growth7/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality12/25

Strengths

Net cash positionImproving margins

Grade capped at D

Interest coverage below 1× (-0.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 412.7x5y range 205.0x – 714.4x

Currently near its 5-quarter median.

P/S · 0.9x5y range 0.5x – 7.5x

Currently below its 20-quarter median.

P/B · 0.3x5y range 0.1x – 1.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $742.11M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $812.79M
Q. Revenue: $188.30M
TTM EBITDA: $349.89M
TTM Op. Income: $-99,000
Q. Op. Income: $-9.51M
TTM Net Income: $-579.85M
Q. Net Income: $-104.69M
EPS: $-1.62
Shares Out.: $64.48M

$812.79M in TTM revenue grew 1.8% YoY, reaching $188.30M last quarter. TTM EBITDA of $349.89M and TTM operating income of $-99,000 show growth is flowing through to the bottom line. However, net income is negative at $579.85M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 38.6%
Op. Margin: -5.1%
Net Margin: -55.6%

Op. margin of -5.1% is up 16.3% YoY — cost efficiency is improving. Net margin at -55.6% Over the past year, operating margin is up 76% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.9x
P/B Ratio: 0.3x

P/S of 0.9x and P/B of 0.3x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.17B
Cash: $80.76M
Long-Term Debt: N/A
Book Value: $2.81B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-8.01M
TTM Free Cash Flow: $2.26M
FCF Margin: 0.3%
FCF / Net Income: -0.0

TTM FCF of $2.26M on $-8.01M in operating cash flow. The FCF / Net Income ratio of -0.0x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 102% — a weakening trend.