Hudson Pacific Properties (HPP) Operating Expenses (2010 - 2026)
Hudson Pacific Properties (HPP) posted Operating Expenses of $194.8 million for Q1 2026, down 6.56% sequentially from $208.5 million in Q4 2025, and down 13.34% YoY from $224.8 million in Q1 2025.
Hudson Pacific Properties (HPP) Operating Expenses (2010 - 2026) Analysis & Trends
Hudson Pacific Properties has reported Operating Expenses for 17 years, with the latest figure at $194.8 million in Q1 2026.
- Quarterly Operating Expenses fell 13.34% year-over-year to $194.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $845.7 million (down 5.11% YoY) and the FY2025 annual result came in at $875.7 million, down 1.38% from the prior year.
- Operating Expenses retreated to $194.8 million in Q1 2026 per HPP's latest filing, from $208.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $238.5 million in Q4 2023 and troughed at $194.8 million in Q1 2026.
- A 5-year average of $220.5 million and a median of $221.6 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses increased 16.58% in 2022, then declined 13.34% in 2026.
- Over 5 years, Operating Expenses stood at $230.8 million in 2022, then grew by 3.36% to $238.5 million in 2023, then dropped by 5.87% to $224.5 million in 2024, then declined by 7.13% to $208.5 million in 2025, then declined by 6.56% to $194.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $194.8 million, $208.5 million, and $211.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | 835.39 Mn |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | 249.25 Mn |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 207.02 Mn |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 134.16 Mn |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | 60.25 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | 159.11 Mn |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | 206.20 Mn |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | 335.61 Mn |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | 123.54 Mn |
| 10 | Hudson Pacific Properties | 956.29 Mn | 956.29 Mn | 112.03 Mn | 194.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 194.83 Mn |
| 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 |