Loading…
← CockpitCompetitor Analysis › HPP Hudson Pacific Properties, Inc.Open in the cockpit ↗

Hudson Pacific Properties, Inc.HPPCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum laggard 12
Mkt cap
$471M
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$9.63M
20-day average traded
P/B
0.19×
price to book
ROE
-17.8%
delivered
Implied ROE
5.3%
what the price asks
Official | Implied
B+ / CCC+
agencies · bond market
Next earnings
103 days
17 Feb 2027
Close · USD$8.49
1D-3.1%
1W-19.4%
1M-28.5%
3M-37.8%
6M-22.5%
YTD-21.6%
1Y-49.7%
ATR %9.8%
Beta1.56
52w lowhigh50.6% off high

What Hudson Pacific Properties does

Employees: 607

Hudson Pacific Properties at a glance

Size Hudson Pacific Properties (HPP) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $471M, the 2740th largest of 3,117 United States companies the cockpit tracks. Shares closed at $8.49 on 6 Nov 2026.

Performance Over six months the shares fell 22.5%, against -14.8% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 2.5% over the last twelve months (peer median +8.3%); the operating margin is -0.9% (peer median 49.0%).

Valuation It trades at 0.19× book value against a peer median of 0.75× (cheapest of 20).

Price implies The share price implies a return on equity of about 5.3%; Hudson Pacific Properties delivers -17.8%, so the price asks more than the business earns today.

Credit Hudson Pacific Properties has 4 bonds outstanding ($1.45B), rated B+ by the agencies and trading like CCC+ at a weighted spread of 453 bp.

Short interest Short interest is 12.0% of the free float (15 Oct 2026).

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026Peer median 88HPP 75
Six months, rebased to 100: Hudson Pacific Properties against the median of its 20 peers (local-currency closes).

Hudson Pacific Properties financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$819M$835M$841M$950M$1.02B
Revenue growth—-1%-11%-7%—
Gross profit$49.5M$28.4M$33.6M$104M$239M
EBITDA$353M$334M$306M$424M$531M
Net income-$552M-$552M-$343M-$171M-$35.5M
Free cash flow$117M$104M$142M$229M$353M
Capital expenditure$16.5M$22.1M$23.1M$5.74M$20.2M
Total debt$3.75B$3.78B$4.64B$4.43B$5.12B

Quarterly statements and history in the cockpit →

Hudson Pacific Properties competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%-20%0%NRRFBRT04353492OLPYTST3487180305GOOD293940APR-UNLIVE3290TRTX365550ADAM34760948000405M1GUHPP6-month return →1-month return →
Up and to the right = strong over both horizons. Hudson Pacific Properties is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%00×10×20×30×NRRFBRT04353492OLPYTST3487180305GOODAPR-UNTRTX3655500405M1GUHPPReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Hudson Pacific Properties is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%0%10%20%0%20%NRRFBRT04353492YTST180305GOODADAM0405HPPROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Hudson Pacific Properties is the large dot.

Hudson Pacific Properties competitors and peer comparison

How Hudson Pacific Properties compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hudson Pacific Properties against its 20 peers (data as of 6 Nov 2026)
MeasureHPPPeer medianRank in peer set
1-month return-28.5%-2.0%lowest of 21
6-month return-22.5%-14.8%6th lowest of 21
Return on equity-17.8%5.4%lowest of 20
Price / book0.19×0.75×cheapest of 20
ROE the price implies5.3%5.1%9th most demanding of 20
ROE delivered-17.8%4.2%lowest of 18
Bond spread453 bpn/a—

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Hudson Pacific Properties HPPUnited States$471M-22%+3%-18%0.19×5.3%-17.8%
NewRiver REIT NRR.LUnited Kingdom$470M+6%+45%7%0.75×8.8%6.7%
Franklin BSP Realty Trust FBRTUnited States$469M-32%-1%1%0.43×6.3%1.1%
Sunlight Real Estate Investment Trust 0435.HKHong Kong$481M-10%-5%-2%0.31×4.3%-1.8%
MIRARTH Real Estate Investment 3492.TJapan$461M-18%+35%5%0.73×3.7%5.5%
One Liberty Properties OLPUnited States$461M-10%+11%8%1.47×12.5%n/a
Testa Residencial Socimi YTST.MCSpain$482M+13%-2%10%0.42×4.1%9.5%
CRE Logistics REIT 3487.TJapan$460M-23%+23%5%0.89×4.2%5.4%
China Southern SF Express Closed Infrastructure REIT 180305.SZChina$490M-12%n/a1%1.01×5.1%1.2%
Gladstone Commercial GOODUnited States$497M-21%+11%5%3.36×27.5%5.4%
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%3%1.09×5.7%3.1%
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%9%0.96×5.1%9.1%
Living REIT LIVE.LUnited Kingdom$443M0%+5%4%0.75×6.8%4.2%
One REIT 3290.TJapan$435M-10%0%6%0.91×4.4%6.4%
TPG RE Finance Trust TRTXUnited States$512M-21%+6%4%0.50×7.7%4.1%
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%1%0.63×4.6%0.6%
Adamas Trust ADAMUnited States$514M-36%+35%0%0.70×9.0%-0.1%
MIRAI 3476.TJapan$431M-23%-22%6%0.77×3.8%5.8%
Mirae Asset Maps Realty Real Estate Public Investment 094800.KSSouth Korea$424M-17%n/an/an/an/an/a
Yuexiu Real Estate Investment Trust 0405.HKHong Kong$424M-19%-11%-3%0.20×4.3%-3.3%
Alpha Integrated Real Estate Investment Trust M1GU.SISingapore$423M-1%+6%11%0.91×3.9%n/a

Hudson Pacific Properties bonds and credit

Hudson Pacific Properties has 4 bonds outstanding with $1.45B face value. The agencies rate it B+; its bonds trade like CCC+. Weighted yield 9.01%, a spread of 453 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Which companies are Hudson Pacific Properties's closest peers?
The cockpit's peer set: NewRiver REIT (NRR.L), Franklin BSP Realty Trust (FBRT), Sunlight Real Estate Investment Trust (0435.HK), MIRARTH Real Estate Investment (3492.T), One Liberty Properties (OLP), Testa Residencial Socimi (YTST.MC), CRE Logistics REIT (3487.T), China Southern SF Express Closed Infrastructure REIT (180305.SZ).
Is Hudson Pacific Properties expensive compared with its peers?
On price / book it trades at 0.19× against a peer median of 0.75×, cheapest of 20 in its peer set. The share price implies a return on equity of about 5.3%; Hudson Pacific Properties delivers -17.8%, so the price asks more than the business earns today.
How has Hudson Pacific Properties stock performed?
Over six months to 6 Nov 2026 the shares returned -22.5% against -14.8% for the median peer; over one year -49.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.