Hudson Pacific Properties Inc. Common Stock (HPP)

FairStock Score: 51/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the numbers, not the story. Hudson Pacific owns West Coast offices and a studio platform, and the assets sit in high-barrier markets. That can be a moat, but the filed results show a company under severe strain. Revenue fell from $952.3M in FY2023 (period ended 2023-12-31) to $842.1M in FY2024 (period ended 2024-12-31) and $831.1M in FY2025 (period ended 2025-12-31). Net losses widened from -$170.7M to -$381.4M to -$592.3M over the same filings. In fiscal Q1 2026 (period ended 2026-03-31), net loss was still -$50.9M. FairStock's calculations at the 2026-10-13 close show P/B of 0.28, a negative P/E of -1.37, ROE of -17.25% and ROCE of -0.01%. The Piotroski F-Score is 3/9 and Altman Z-Score is 0.56, which point to financial fragility. Debt-to-equity of 1.23 confirms leverage matters. On the positive side, trailing free cash flow is $112.3M, a 3.1% FCF yield, and the company still has a large revenue base. But this is a REIT, and the right measures are FFO/AFFO, which are not in the data. Dividend yield is not available, so I cannot lean on income. The computed Lynch category is none—losses in each of the last four years. Price looks cheap against book value, but cheapness without profits and with high leverage is not the same as safety. I would need evidence that leasing, studio demand and cash flow are stabilizing before calling this a sound value proposition.

In plain English: Hudson Pacific owns offices and studios, mostly on the West Coast. The business has been losing money and revenue has slipped, so it looks weak. The stock changes hands well below the value of its accounting net assets, but with big losses and debt, it is not obviously a bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer