Core Viewpoint - Hudson Pacific Properties (HPP) reported quarterly funds from operations (FFO) of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, but down from $0.17 per share a year ago, indicating a 47.06% year-over-year decline [1][2] Financial Performance - The company posted revenues of $198.46 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.32%, and down from $214.02 million year-over-year, reflecting a 7.26% decrease [2] - Over the last four quarters, Hudson Pacific has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Hudson Pacific shares have declined approximately 26.4% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The current consensus FFO estimate for the upcoming quarter is $0.07 on revenues of $204.44 million, and for the current fiscal year, it is $0.34 on revenues of $831.33 million [7] Industry Outlook - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which could impact Hudson Pacific's stock performance [5][6]
Hudson Pacific Properties (HPP) Beats Q1 FFO Estimates