Hudson Pacific Properties, Inc. (HPP)
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
$12.61-1.02%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
QuarterlyIQ Insights · HPP
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -58.6% |
| Our one-year growth estimate | diamond | -4.5% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 54.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 16 industry peers · Company calendar date is not available
HPP — COO transition
Dated 2026-06-22
Chief Operating Officer — Andrew Wattula: Mr. Wattula resigned from his position as Chief Operating Officer.
Why it matters: If revenue growth in the real estate sector speeds up, it may help Hudson Pacific's outlook.
Supportive ifSector revenue growth exceeds 5% year over year.
Worry ifSector revenue growth remains below 5% year over year.
Why it matters: Positive cash flow shows financial health and good operations. This can lead to better investments.
Supportive ifCash from operations stays above $44.3M in the next quarter.
Worry ifCash from operating activities drops back below $44.3M.
Why it matters: A drop below 80% would signal a setback in leasing momentum and occupancy gains.
Worry ifQ3 office occupancy is below 80%. This shows a big drop.
Less concerning ifQ3 office occupancy is at or above 80%. This shows strong leasing.
Why it matters: The COO leaving may change how well operations run. This could affect financial results.
Worry ifA new COO is hired to stabilize operations and boost performance.
Less concerning ifProblems or bad performance may happen after the COO leaves.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$289 on $10,000 · ±2.9% | How much price usually moves either way. |
| Bad day | $682 loss on $10,000 · 6.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $7,436 loss on $10,000 · 74.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Cutting net income losses is key for long-term stability. It shows management is fixing problems.
Supportive ifNet income losses decrease to below -$50.9M in the next quarter.
Worry ifNet income losses remain at or worsen from -$50.9M.
Why it matters: A drop in liquidity may mean financial trouble. This could affect how money is spent.
Worry ifTotal liquidity is more than $850 million.
Less concerning ifTotal liquidity is less than $850 million.
Why it matters: Growth in same-store cash NOI shows good management of rental income.
Supportive ifSame-store cash NOI grows above 0% in Q3 2026.
Worry ifSame-store cash NOI declines in Q3 2026.
Why it matters: Higher occupancy shows good leasing efforts. It also means strong demand for offices.
Supportive ifFuture reports show that office occupancy is above 85%.
Worry ifOffice occupancy stays at or below 82.5%.
Why it matters: Positive cash NOI growth shows property performance is improving. This helps financial health.
Supportive ifSame-store cash NOI growth turns positive after being projected between -1.75% and -0.75%.
Worry ifSame-store cash NOI growth remains negative.
Why it matters: More changes in leadership may show instability. This can impact future plans.
Worry ifAnother executive has left or there is a big leadership change.
Less concerning ifNo new changes in leadership show stability.
Why it matters: Higher occupancy rates show demand for office space. This supports FFO growth.
Supportive ifIn Q3, office occupancy is over 82.5%. This shows leasing is still strong.
Worry ifIn Q3, occupancy rates drop below 80%. This shows leasing activity is slowing.
Why it matters: If guidance increases, it shows strong performance. This also shows investor confidence.
Supportive ifCore FFO guidance for 2026 is over $1.20 per diluted share. This shows strong earnings.
Worry ifGuidance stays at or below $1.12 per diluted share. This suggests weaker performance.
Why it matters: More leasing activity shows strong demand. This helps occupancy and revenue growth.
Supportive ifLeasing activity in Q3 is over 1.3 million square feet. This confirms strong demand.
Worry ifLeasing activity is below 1 million square feet. This shows possible weakness in demand.
Why it matters: If liquidity drops, it may show financial trouble. This can limit how the company operates.
Worry ifLiquidity is above $876 million. This shows strong financial health.
Less concerning ifIf liquidity drops below $850 million, it may mean financial problems.