Hudson Pacific Properties (HPP) Operating Expenses (2010 - 2025)
Hudson Pacific Properties' (HPP) 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) 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 | 694.81 Mn | 559.25 Mn | 177.23 Mn | 208.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |