Hudson Pacific Properties (HPP-PC) Operating Expenses (2010 - 2025)

Hudson Pacific Properties' (HPP-PC) quarterly Operating Expenses came in at $208.5 million in Q4 2025, down 7.13% year-on-year from $224.5 million in Q4 2024, and down 1.53% quarter-over-quarter from $211.8 million in Q3 2025.

Hudson Pacific Properties (HPP-PC) Operating Expenses (2010 - 2025) Analysis & Trends

Hudson Pacific Properties has disclosed Operating Expenses across 16 years of filings, most recently posting $208.5 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $208.5 million, down 7.13% year-over-year; the trailing twelve-month figure through Dec 2025 was $875.7 million (down 1.38% YoY), and the FY2025 annual result was $875.7 million, down 1.38% from the prior year.
  • Operating Expenses came in at $208.5 million for Q4 2025 at Hudson Pacific Properties, down from $211.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $238.5 million in Q4 2023 to a low of $179.2 million in Q1 2021.
  • The 5-year median for Operating Expenses is $220.9 million (2024), against an average of $215.2 million.
  • Across the five-year window, Operating Expenses climbed 16.58% in 2022 and declined 7.13% in 2025, its largest moves.
  • Hudson Pacific Properties' Operating Expenses stood at $198.0 million in 2021, then gained by 16.58% to $230.8 million in 2022, then advanced by 3.36% to $238.5 million in 2023, then decreased by 5.87% to $224.5 million in 2024, then slipped by 7.13% to $208.5 million in 2025.
  • The last three Operating Expenses figures came in at $208.5 million (Q4 2025), $211.8 million (Q3 2025), and $230.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn - 634.35 Mn
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn 285.09 Mn
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn 208.92 Mn
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn 61.46 Mn
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn 142.32 Mn
6 Highwoods Properties 3.25 Bn 3.27 Bn - 410.82 Mn
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn 202.02 Mn
8 Empire State Realty OP 1.49 Bn 1.49 Bn - 160.87 Mn
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn 124.51 Mn
10 Hudson Pacific Properties - - 177.23 Mn 208.50 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 208.50 Mn
Sep 30, 2025 211.75 Mn
Jun 30, 2025 230.58 Mn
Mar 31, 2025 224.83 Mn
Dec 31, 2024 224.52 Mn
Sep 30, 2024 221.06 Mn
Jun 30, 2024 220.76 Mn
Mar 31, 2024 221.62 Mn
Dec 31, 2023 238.52 Mn
Sep 30, 2023 228.27 Mn
Jun 30, 2023 229.32 Mn
Mar 31, 2023 227.16 Mn
Dec 31, 2022 230.77 Mn
Sep 30, 2022 217.89 Mn
Jun 30, 2022 212.55 Mn
Mar 31, 2022 205.32 Mn
Dec 31, 2021 197.95 Mn
Sep 30, 2021 190.77 Mn
Jun 30, 2021 182.86 Mn
Mar 31, 2021 179.23 Mn