Hudson Pacific Properties reported third-quarter 2026 results alongside stronger office leasing and occupancy, lower debt and a larger liquidity cushion. The office-focused real estate company also raised and narrowed its full-year guidance, though the guidance figures are not included in the material provided here.
- Office occupancy rose again. In-service office occupancy reached 85.6%, marking a fifth consecutive quarter of growth.
- Leasing activity increased. Hudson Pacific signed 534,000 square feet of office leases in the quarter. Year-to-date leasing totaled 2.4 million square feet, up 40% from the first nine months of 2025.
- Debt and liquidity improved. The company said its share of debt was down 14% year over year. Pro forma liquidity was $840 million.
- Two operating measures grew about 8%. Core funds from operations per share and same-store cash net operating income each increased approximately 8% year over year.
- Full-year guidance was revised upward and narrowed. The announcement did not include the new guidance range in the material provided.
The reported figures point to continued improvement in office occupancy and leasing, alongside a lower debt burden and substantial available liquidity.