Hudson Pacific narrows loss 37%, lifts occupancy and cash as studio rebounds from strikes

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~2 min read

Key Changes

• high

  Net loss improved $29.4M (36.6%) to $50.9M as G&A fell 32% and interest expense dropped 14%; FFO to common holders jumped six-fold from $3.1M to $18.0M, driven by cost cuts and absence of prior-year impairment charges.

  MD&A: Financial Results verify on EDGAR →
• high

  Same-store office occupancy rose 270 bps to 75.9% and studio occupancy surged 1,070 bps to 84.5%, reflecting leasing momentum and post-strike production recovery; office NOI still declined 6.9% on lease terminations.

  MD&A: Same-Store Metrics verify on EDGAR →
• high

  Total debt fell $840M to $3.4B and cash rose $51.5M to $138.0M; debt-to-market-cap improved to 80.5% from 82.7% as stock doubled to $5.91, but S&P and Fitch downgraded senior debt two notches to B.

  MD&A: Liquidity & Credit verify on EDGAR →