0.48%
2.81%
-27.89%
-48.00%
-61.97%
-86.82%
-91.43%
AI Spotlight on HPP
Company Description
Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development.Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.Hudson Pacific is publicly traded on the NYSE under the symbol HPP, and listed as a component of the S&P MidCap 400 Index.
Market Data
| Last Price | 3.12 |
| Change Percentage | 0.48% |
| Open | 3.1 |
| Previous Close | 3.1 |
| Market Cap ( Millions) | 440 |
| Volume | 1301598 |
| Year High | 8.17 |
| Year Low | 2.39 |
| M A 50 | 3.18 |
| M A 200 | 4.57 |
Financial Ratios
| FCF Yield | 35.03% |
| Dividend Yield | 3.21% |
| ROE | -9.08% |
| Debt / Equity | 12.11% |
| Net Debt / EBIDTA | 103.10% |
| Price To Book | 0.15 |
| Price Earnings Ratio | -1.56 |
| Price To FCF | 2.85 |
| Price To sales | 0.54 |
| EV / EBITDA | 2.68 |
News
- Jan -19 - The End Of An Era
- Jan -14 - Hudson Pacific Provides Portfolio Update Related to Los Angeles Wildfires
- Jan -12 - Fire And Ice
- Dec -26 - PMG CEO Kevin Maloney on the state of commercial real estate
- Dec -15 - Fed Ahead
- Dec -06 - Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
- Nov -22 - Hudson Pacific: Ignore The Noise, Stay With The Trend
- Nov -20 - Hudson Pacific Properties: I'm Still Not Buying The Preferreds
- Nov -17 - Firming Inflation Fizzles Optimism
- Nov -16 - Hudson Pacific Properties: This Duckling REIT Is Ready To Fly
- Nov -13 - Hudson Pacific Properties, Inc. (HPP) Q3 2024 Earnings Call Transcript
- Nov -13 - Hudson Pacific (HPP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Nov -13 - Hudson Pacific Properties (HPP) Q3 FFO and Revenues Miss Estimates
- Nov -08 - Countdown to Hudson Pacific (HPP) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
- Oct -22 - Be Bio Announces $82 Million Financing and Transition to Clinical Stage Company
- Oct -19 - The State Of REITs: October 2024 Edition
- Oct -16 - U.S. REITs Log Dip In Short Interest In September
- Oct -12 - 'The Big Short' Michael Burry Buys Real Estate And Chinese Tech
- Oct -01 - Hudson Pacific Properties Announces Date for Third Quarter Earnings Release and Conference Call
- Sep -29 - Animal Spirits Awaken
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Office
Expected Growth : 2.5 %
What the company do ?
The Office is a 1.2 million sq. ft. campus in Burbank, California, offering state-of-the-art office spaces, amenities, and services, owned and operated by Hudson Pacific Properties, Inc.
Why we expect these perspectives ?
Hudson Pacific Properties' office segment growth is driven by increasing demand for premium office spaces in high-growth markets, particularly in the tech and media industries. Strong job market trends, limited supply, and rising rents in key markets such as Los Angeles and San Francisco also contribute to the 2.5% growth rate.
Segment nΒ°2 -> Studio
Expected Growth : 2.8 %
What the company do ?
The Studio is a 28-acre campus from Hudson Pacific Properties, Inc. offering a unique workspace for media, tech, and entertainment companies in Los Angeles.
Why we expect these perspectives ?
Studio segment's 2.8% growth driven by increasing demand for production and post-production services, expansion of streaming platforms, and Hudson Pacific Properties' strategic acquisitions and developments in media and entertainment hubs, such as Los Angeles and Vancouver.
Hudson Pacific Properties, Inc. Products
| Product Range | What is it ? |
|---|---|
| Office Properties | Hudson Pacific Properties, Inc. owns and operates a portfolio of high-quality office properties in West Coast markets, including California, Oregon, and Washington. |
| Media and Entertainment Properties | The company provides specialized real estate solutions for the media and entertainment industry, including soundstages, production offices, and post-production facilities. |
| Studio Properties | Hudson Pacific Properties, Inc. owns and operates a portfolio of studio properties, including soundstages, production offices, and support facilities. |
| Land and Development Properties | The company owns and develops land parcels and properties for future development, including office, residential, and mixed-use projects. |
Hudson Pacific Properties, Inc.'s Porter Forces
Threat Of Substitutes
Hudson Pacific Properties, Inc. operates in a niche market, providing a unique combination of office and studio space, which reduces the threat of substitutes. However, the company still faces some competition from other real estate investment trusts (REITs) and private developers.
Bargaining Power Of Customers
Hudson Pacific Properties, Inc. has a diverse tenant base, with no single tenant accounting for more than 10% of its revenue. This reduces the bargaining power of customers, as no single tenant has significant leverage over the company.
Bargaining Power Of Suppliers
Hudson Pacific Properties, Inc. has a strong track record of developing and acquiring high-quality properties, which gives it bargaining power over its suppliers. The company's scale and reputation also enable it to negotiate favorable terms with its suppliers.
Threat Of New Entrants
The barriers to entry in the REIT industry are relatively high, with significant capital requirements and regulatory hurdles. This reduces the threat of new entrants, as it is difficult for new companies to enter the market and compete with established players like Hudson Pacific Properties, Inc.
Intensity Of Rivalry
The REIT industry is highly competitive, with many established players competing for tenants and investment capital. However, Hudson Pacific Properties, Inc. has a strong track record of differentiating itself through its unique properties and high-quality service, which helps to mitigate the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 58.84% |
| Debt Cost | 4.68% |
| Equity Weight | 41.16% |
| Equity Cost | 10.60% |
| WACC | 7.11% |
| Leverage | 142.97% |
Hudson Pacific Properties, Inc. : Quality Control
Hudson Pacific Properties, Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ONL | Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio β¦ |
| JBGS | JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus β¦ |
| FSP | Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select β¦ |
| DEA | Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. β¦ |
| CIO | City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
City Office REIT
A-Score
1-Year Total Return ->
π₯
Easterly Government Properties
A-Score
1-Year Total Return ->
π₯
JBG SMITH
A-Score
1-Year Total Return ->
4
Orion Office REIT
A-Score
1-Year Total Return ->
5
Hudson Pacific Properties
A-Score
1-Year Total Return ->
6
