• Hudson Pacific Properties discussed first-quarter 2026 results on its earnings call attended by Chairman and CEO Victor Coleman, President Mark Lammas, CFO Harout Diramerian, EVP of Leasing Arthur Suazo, and EVP of Investor Relations and Marketing Laura Campbell.
• Core FFO rose to USD 16.5 million, or USD 0.25 per diluted share, while the full-year core FFO outlook increased to USD 1.10 to USD 1.18 per diluted share, reflecting USD 0.04 of first-quarter outperformance and a USD 0.09 benefit from reclassifying parts of Quixote as discontinued operations starting in the second quarter.
• Office leasing signed totaled 554,000 square feet, lifting in-service occupancy to 77.8%, while management pointed to a 2.4 million square foot leasing pipeline and said a third City and County of San Francisco lease to absorb remaining vacancy at 1455 Market remained on track for the second quarter.
• Studio performance skewed to “flight to quality,” with Hollywood stages 97% leased and Sunset Pier 94 reaching 100% leased in its first quarter of operations, while Quixote will wind down leased sound stages and Atlanta operations with an expected USD 5.8 million annual cash NOI improvement and a goal of earnings neutrality by year-end.
• Management targeted about USD 200 million of FFO-accretive dispositions, confirmed a full sale of 10950 Washington at an agreed price, and described improving buyer interest in Seattle and the Bay Area while calling Los Angeles transaction activity limited.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hudson Pacific Properties Inc. published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein.