Hudson Pacific Properties

Q3 FY2026 EarningsQ3 FY26 results significantly missed consensus expectations on the bottom line, with a GAAP EPS of -$3.38 vs. -$0.725 expected, primarily due to $147.8M in non-cash impairment charges. Revenue of $180.9M missed the $184.9M consensus by 2.1% as dispositions and higher vacancies offset same-store growth. Despite the headline miss, Same-Store Office NOI increased 8.5% YoY, driven by the commencement of large-scale leases in San Francisco, and Studio NOI turned positive following restructuring at Quixote.