Hudson Pacific Properties, Inc., incorporated on November 9, 2009, is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. It is focused on acquiring, repositioning, developing and operating office, and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest. As of December 31, 2016, its portfolio included office properties consisting of an aggregate of approximately 14.1 million square feet, and media and entertainment properties consisting of approximately 0.9 million square feet of sound-stage, office and supporting production facilities. As of December 31, 2016, it also owned undeveloped density rights for approximately 2.5 million square feet of future office and residential space.
Office Properties
As of December 31, 2016, the office properties segment consisted of 54 office properties totaling approximately 14.1 million square feet located in its markets. The Company's office properties are located in California and the Pacific Northwest. As of December 31, 2016, its weighted average remaining lease term for its stabilized office portfolio was over 4.9 years. Its in-service office properties include stabilized office properties and lease-up office properties. Stabilized office properties consist of Same-Store properties and Non-Same-Store properties.
Media And Entertainment Properties
As of December 31, 2016, the media and entertainment properties segment included two properties, the Sunset Gower Studios property and the Sunset Bronson Studios property, totaling approximately 0.9 million square feet. As of December 31, 2016, its media and entertainment properties segment consisted of an aggregate of 879,652 square feet. It defines its media and entertainment properties as those properties in its portfolio that are primarily used for the physical production of media content, such as television programs, feature films, commercials, music videos and photographs. These properties also feature an office component that is leased to production companies and content providers. Its media and entertainment properties are located in Southern California submarkets.
11601 Wilshire Blvd Ste 1600
The company trades on NYSE exchange. The company headquarter is located in California, CA.| Ticker | HPP |
| Long Name | Hudson Pacific Properties, Inc. |
| Short Name | Hudson Pacific Properties |