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Hudson Pacific Properties , Inc. Press Release Hudson Pacific Properties Reports Second Quarter 2021 Financial Results Net Income of $ 0.02 per Diluted Share FFO of $ 0.49 per Diluted Share ( Excluding Specified Items ) Same - store office and studio cash NOI increased 4.9 % and 29.3 % , respectively Over 510,000 Square Feet of Office Leases Executed GAAP and cash rent growth of 18.7 % and 12.1 % , respectively Stabilized and in - service office portfolios 92.7 % and 91.4 % leased , respectively Remaining 2021 office lease expirations just 4.4 % of Company's Share of ABR $ 0.9 Billion Total Liquidity No material maturities until 2023 Provided Full - Year and Q3 2021 FFO Outlook $ 1.90 to $ 1.96 per diluted share ( excluding specified items ) for full - year $ 0.47 to $ 0.49 per diluted share ( excluding specified items ) for Q3 UDSON PACIFIC PROPERTIES LOS ANGELES ( August 3 , 2021 ) —Hudson Pacific Properties , Inc. ( the " Company " or " Hudson Pacific " ) ( NYSE : HPP ) today announced financial results for the second quarter 2021 . Management Comments & Industry Outlook Victor Coleman , Hudson Pacific Properties ' Chairman and CEO , said : " Our second quarter performance remained strong . We saw growing momentum around a return to in- person work for most companies , which led to increased office leasing and production activity within our portfolio and markets . For the second quarter in a row , we signed over 500,000 square feet of office leases , which is in line with our long - term average activity , at healthy 12 % cash rent spreads . We collected 99 % of our contractual rents . We achieved same - store cash NOI growth of nearly 5 % within our office portfolio , and nearly 30 % within our studio portfolio , the latter of which underscores the acceleration in production relative to the onset of the pandemic . In light of all these trends , we've reinstated our full - year guidance , even while certain variables , like parking , remain challenging to predict . " I'm thrilled that we've recently announced two major transactions in furtherance of our Sunset Studios platform expansion — one in Los Angeles , the other in the UK . Both deals afford us the opportunity to develop and operate large - scale , state - of - the - art , purpose - built facilities . We're leveraging our deep expertise in this sector to align our plans with what today's and tomorrow's leading productions will require and desire , be it exceptional design , high - tech infrastructure or sustainable construction and operations . " Consolidated Financial & Operating Results For second quarter 2021 compared to second quarter 2020 : • Net income attributable to common stockholders of $ 2.3 million , or $ 0.02 per diluted share , compared to net income of $ 3.7 million , or $ 0.02 per diluted share ; FFO , excluding specified items , of $ 74.4 million , or $ 0.49 per diluted share , compared to $ 76.8