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Hudson Pacific (HPP) Reports Q1 Earnings: What Key Metrics Have to Say

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Hudson Pacific Properties (HPP - Free Report) reported $181.85 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 8.4%. EPS of $0.25 for the same period compares to -$3.71 a year ago.

The reported revenue represents a surprise of -1.11% over the Zacks Consensus Estimate of $183.89 million. With the consensus EPS estimate being $0.18, the EPS surprise was +36.39%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Hudson Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Rentable Square Feet - Total STUDIO: 1,680 versus the two-analyst average estimate of 1,448.
  • Rentable Square Feet - Total in-service office: 12,905 compared to the 13,178 average estimate based on two analysts.
  • Revenues- Office- Rental: $145.23 million versus the two-analyst average estimate of $145.06 million. The reported number represents a year-over-year change of -8.3%.
  • Revenues- Office- Service and other revenues: $3.45 million compared to the $4.5 million average estimate based on two analysts. The reported number represents a change of -49.5% year over year.
  • Revenues- Studio- Total: $33.18 million versus $34.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.
  • Revenues- Studio- Service and other revenues: $19.38 million versus the two-analyst average estimate of $20.75 million. The reported number represents a year-over-year change of -1.1%.
  • Revenues- Office- Total: $148.67 million versus the two-analyst average estimate of $149.56 million. The reported number represents a year-over-year change of -10%.
  • Revenues- Studio- Rental: $13.8 million compared to the $13.51 million average estimate based on two analysts. The reported number represents a change of +1.1% year over year.
  • Segment Profit- Studio: $1.47 million compared to the $0.57 million average estimate based on two analysts.
  • Segment Profit- Office: $78.85 million versus $76.75 million estimated by two analysts on average.

View all Key Company Metrics for Hudson Pacific here>>>

Shares of Hudson Pacific have returned +100.2% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

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