Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Hudson Pacific Properties, Inc. (HPP)
NYSEReal EstateReit - OfficeSnapshot 2026-11-04
$8.76-17.05%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
Matching fiscal periods, usable estimates and at least one analyst are required.
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
The calculation requires same-period, same-provider snapshots, positive EPS, at least one analyst and a baseline within three days of the requested lookback.
The EPS and P/E reference is not available for HPP yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Cash from operating activities improves to positive levels | Hudson Pacific is improving cash flow from operations, reaching $44.3M in 2026-Q1. | Improving | cash from operating activities falls below $44M in any quarter | Cash from operations: $-8.006M FY2026-Q2; GAAP. Published target: >= $44M. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 10, 2026-8,006,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 5, 2026
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
HPP is a high-risk, loss-making real estate recovery story rather than a proven durable compounder. Its signal has recently shifted from mixed to mildly favorable, while the thesis remains in a watch state because recent performance trails its industry cohort.
The valuation evidence is mixed: HPP is described as cheap versus peers, but also shows a peer premium, and model confidence is low. The expectations gap is modestly negative, while the priced-in assessment is tagged justified with low fragility, so the evidence does not point to a clear valuation cushion.
Near term, results remain weak overall, but management has raised 2026 Core FFO guidance twice, and office occupancy improved to 82.5% in the second quarter as leasing activity reached 1.3 million square feet. Liquidity eased from the first to the second quarter, though management extended a large loan to address near-term maturities; a guidance reversal would risk damaging credibility.
The multi-year view depends on continued occupancy gains, leasing progress, and delivery of the higher guidance. Near-term support could come from Federal Reserve rate cuts, while cracks in real estate peers or a reversal in guidance would weaken the setup.
Over the next one to three years, HPP has signs of operational progress, but weak recent performance, losses, and high risk leave the thesis dependent on execution and sector conditions. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 2 of 2 supplied quarters. Management reported: “Victor Coleman, Hudson Pacific's CEO and Chairman, commented, "Our second quarter results reflect the continued execution of our strategy to drive occupancy and unlock the earnings power of our portfolio.” “Victor Coleman, Hudson Pacific's CEO and Chairman, commented, "Our first quarter results reflect the meaningful progress we're making to position Hudson Pacific for long-term value creation.”
Leasing activity increases supporting Core FFO growth | Leasing activity is increasing, supporting raised Core FFO guidance for 2026. | Improving | Core FFO guidance falls below $1.1 per share for FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Net income losses narrow significantly | Net income losses have narrowed from -$280.2M in 2025-Q4 to -$50.9M in 2026-Q1. | Intact | net income loss worsens beyond -$51M in any quarter | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$-2.82 → $-2.67 · observed estimates
$0.79B → $0.76B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $-2.82 | $787,030,020 | 1 / 6 |
| 2026-07-25 | $-2.88 | $758,981,195 | 2 / 4 |
| 2026-07-26 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-07-27 | $-2.85 | $767,564,973 | 3 / 4 |
| 2026-07-28 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-07-29 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-07-30 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-07-31 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-08-01 | $-2.85 | $767,564,973 | 2 / 4 |
| 2026-08-02 | $-2.85 | $767,564,973 | 2 / 4 |
| 2026-08-03 | $-2.85 | $767,564,973 | 2 / 4 |
| 2026-08-04 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-08-05 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-08-06 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-08-07 | $-2.85 | $768,936,401 | 2 / 4 |
| 2026-08-08 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-08-09 | $-2.82 | $785,655,640 | 1 / 6 |
| 2026-08-10 | $-2.85 | $768,936,401 | 2 / 4 |
| 2026-08-12 | $-2.74 | $788,121,470 | 2 / 6 |
| 2026-08-13 | $-2.85 | $768,936,401 | 2 / 4 |
| 2026-08-14 | $-2.85 | $768,936,401 | 2 / 4 |
| 2026-08-15 | $-2.85 | $768,936,401 | 3 / 4 |
| 2026-08-16 | $-2.85 | $768,936,401 | 3 / 4 |
| 2026-08-17 | $-2.85 | $768,936,401 | 3 / 4 |
| 2026-08-18 | $-2.85 | $768,936,401 | 3 / 4 |
| 2026-08-19 | $-2.85 | $768,936,401 | 3 / 4 |
| 2026-08-20 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-21 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-22 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-23 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-24 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-25 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-26 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-27 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-28 | $-2.78 | $764,874,968 | 2 / 4 |
| 2026-08-29 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-08-30 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-08-31 | $-2.78 | $765,215,412 | 2 / 5 |
| 2026-09-01 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-09-02 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-09-03 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-09-04 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-09-05 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-09-06 | $-2.78 | $765,215,412 | 2 / 4 |
| 2026-09-07 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-08 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-09 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-10 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-11 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-12 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-13 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-14 | $-2.78 | $761,506,079 | 2 / 4 |
| 2026-09-15 | $-2.78 | $762,126,745 | 2 / 4 |
| 2026-09-16 | $-2.78 | $762,126,745 | 2 / 4 |
| 2026-09-17 | $-2.78 | $762,126,745 | 2 / 4 |
| 2026-09-18 | $-2.78 | $762,126,745 | 2 / 4 |
| 2026-09-19 | $-2.78 | $762,126,745 | 2 / 4 |
| 2026-09-20 | $-2.78 | $766,361,496 | 2 / 4 |
| 2026-09-21 | $-2.78 | $766,361,496 | 2 / 4 |
| 2026-09-22 | $-2.78 | $762,474,639 | 2 / 4 |
| 2026-09-23 | $-2.78 | $762,474,639 | 2 / 4 |
| 2026-09-24 | $-2.78 | $762,474,639 | 2 / 4 |
| 2026-09-25 | $-2.78 | $762,474,639 | 2 / 4 |
| 2026-09-26 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-09-27 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-09-28 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-09-29 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-09-30 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-01 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-02 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-03 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-04 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-05 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-06 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-07 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-08 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-09 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-10 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-11 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-12 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-13 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-14 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-15 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-16 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-17 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-18 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-19 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-20 | $-2.78 | $763,091,475 | 2 / 4 |
| 2026-10-21 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-22 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-23 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-24 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-25 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-26 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-27 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-28 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-29 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-30 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-10-31 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-11-01 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-11-02 | $-2.67 | $759,708,646 | 2 / 4 |
| 2026-11-03 | $-2.67 | $759,632,116 | 2 / 4 |
| 2026-11-04 | $-2.67 | $759,632,116 | 2 / 4 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 4 Buy / Strong Buy · 6 Hold · 2 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 2 recorded
0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.