Hudson Pacific: Q4 Earnings Snapshot
By AP News
Published - Feb 12, 2024, 05:30 PM ET
Last Updated - Feb 12, 2024, 05:30 PM EST
LOS ANGELES (AP) — LOS ANGELES (AP) — Hudson Pacific Properties Inc. (HPP) on Monday reported a key measure of profitability in its fourth quarter. The results missed Wall Street expectations.
The real estate investment trust, based in Los Angeles, said it had funds from operations of $19.6 million, or 14 cents per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 15 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
