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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
FORM 8-K
 _________________________________
CURRENT REPORT
Pursuant to Section 13 OR 15 (d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 2022
 _________________________________
Hudson Pacific Properties, Inc.
(Exact name of registrant as specified in its charter) 
Maryland 001-34789 27-1430478
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number)  Identification No.)
 
11601 Wilshire Blvd., Ninth Floor
Los Angeles,California90025
(Address of principal executive offices)(Zip Code)

 
Registrant’s telephone number, including area code: (310) 445-5700

 
Not Applicable
(Former name or former address, if changed since last report)
_________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueHPPNew York Stock Exchange
4.750% Series C Cumulative Redeemable Preferred StockHPP Pr CNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02    Results of Operations and Financial Condition.

On April 27, 2022, Hudson Pacific Properties, Inc. (also referred to herein as the “Company,” “we,” “us,” or “our”) issued a press release regarding our financial results for our first quarter ended March 31, 2022. A copy of the press release is furnished herewith as Exhibit 99.1, which is incorporated herein by reference.
Also on April 27, 2022, we made available on our website (www.hudsonpacificproperties.com) certain supplemental information concerning our financial results and operations for the first quarter. A copy of the supplemental information is furnished herewith as Exhibit 99.2, which is incorporated herein by reference.
Exhibits 99.1 and 99.2 are being furnished pursuant to Item 2.02 and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act regardless of any general incorporation language in such filing.

Item 7.01    Regulation FD Disclosure.
 
As discussed in Item 2.02 above, we issued a press release regarding our financial results for our quarter ended March 31, 2022 and made available on our website certain supplemental information relating to our financial results for the quarter ended March 31, 2022.
The information being furnished pursuant to Item 7.01 shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.

Item 9.01    Financial Statements and Exhibits.
(d)Exhibits.
 
Exhibit No.
Description
99.1**
99.2**
_____________
**     Furnished herewith.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

HUDSON PACIFIC PROPERTIES, INC.
Date:April 27, 2022By:/s/ Mark Lammas
Mark Lammas
President


 Document
Hudson Pacific Properties, Inc.
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Press Release

Hudson Pacific Properties Reports
First Quarter 2022 Financial Results
– Strong Leasing Activity of 500,000 Square Feet –
– Updated FFO Outlook –
____________
LOS ANGELES (April 27, 2022)—Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, today announced financial results for the first quarter 2022.

"Our unique focus and specialized expertise in serving the growing tech and media industries yielded strong results during the first quarter, with notable leasing success across our world-class, amenitized, collaborative and sustainable office and studio space," commented Victor Coleman, Hudson Pacific's Chairman and CEO. "We signed over 500,000 square feet of leases, which included the full lease-up of our Harlow office development, and with tenant activity accelerating, we further expanded our leasing pipeline. Our work is progressing on over 2.3 million square feet of under construction and near-term planned state-of-the-art office and studio value creation opportunities, the first of which, Sunset Glenoaks, a 7-stage studio development in Los Angeles, will deliver in 2023."

Financial Results Compared to First Quarter 2021
•Total revenue increased 14.7% to $244.5 million
•Net loss attributable to common stockholders of $19.8 million, or $0.13 per diluted share, compared to net income of $5.0 million, or $0.03 per diluted share
•FFO, excluding specified items, increased 2.3% to $75.2 million and 3.0% to $0.50 per diluted share. Specified items consist of a trade name non-cash impairment of $8.5 million, or $0.06 per diluted share, and transaction-related expenses of $0.3 million, or $0.00 per diluted share
•FFO of $66.4 million, or $0.44 per diluted share, compared to $72.5 million, or $0.48 per diluted share
•AFFO grew 11.8% to $58.6 million
•Same-store property cash NOI was up 1.4% to $120.3 million

Leasing
•In-service office portfolio ended the quarter at 91.1% occupied and 92.3% leased upon signing 504,000 square feet of new and renewal leases. GAAP and cash rents increased 12.0% and 5.8% respectively, from prior levels
•Expanded global post-production firm Company 3 at the Company's Harlow office development on the Sunset Las Palmas studio lot in Hollywood with an approximately 11-year, 60,000-square-foot lease. Company 3 now leases and has taken possession of the entire 130,000-square-foot building, with GAAP revenue recognition on the expansion lease commencing January 2022
•Renewed and expanded Bank of Montreal with a 105,000-square-foot, approximately 11-year lease through July 2035 at Bentall Center in Vancouver, which is the site of the Company’s planned Burrard Exchange hybrid mass-timber office development

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Development
•Google began tenant improvements at the Company’s 584,000-square-foot One Westside office redevelopment, which was delivered and commenced GAAP revenue recognition ahead of schedule in November 2021
•Successfully progressing over 2.3 million square feet of under construction and near-term planned development projects, including the Company’s under construction 7-stage, 241,000-square-foot Sunset Glenoaks studio development in Sun Valley, Los Angeles, which remains on-time and on-budget for delivery in third quarter 2023
•Expected near-term closing and podium delivery for the Company’s 546,000-square-foot Washington 1000 office development in Seattle’s Denny Triangle submarket, with anticipated construction start in second quarter 2022 and delivery in 2024
•Advancing entitlements for Burrard Exchange, the Company’s 450,000-square-foot hybrid mass-timber office building in Downtown Vancouver, and the 21-stage, 1.1 million-square-foot Sunset Waltham Cross studio development in Broxbourne, UK

Capital Markets
•Entered into an accelerated share repurchase agreement to purchase $200 million of outstanding common stock with approximately 6.6 million shares repurchased as of March 11 and final settlement expected during third quarter 2022

Balance Sheet as of March 31, 2022
•$3.2 billion of the Company's share of unsecured and secured debt and preferred units (net of cash and cash equivalents)
•$802.6 million of total liquidity comprised of $137.6 million of unrestricted cash and cash equivalents and $665.0 million of undrawn capacity under the unsecured revolving credit facility. The Company also has $147.4 million and $90.2 million of undrawn capacity under the construction loans secured by One Westside/10850 Pico and Sunset Glenoaks, respectively
•Investment grade credit rated with 68.2% unsecured and 75.4% fixed-rate debt and a weighted average maturity with extensions of 4.9 years

Dividend
•The Company's Board of Directors declared and paid a dividend on its common stock of $0.25 per share, equivalent to an annual rate of $1.00 per share, and on its 4.750% Series C cumulative preferred stock of $0.4453125 per share

ESG Leadership
•Launched new impact investing platform, EquiBlueTM, which will seek to leverage commercial real estate to holistically provide economic opportunity and upward mobility for women and people of color. EquiBlue’s initial fund will target $300 million of equity, of which the Company, as sponsor, and CBRE, as strategic partner and service provider, will commit at least 20%

2022 Outlook
The Company is narrowing its 2022 full-year FFO guidance to a range of $2.02 to $2.08 per diluted share, excluding specified items. Specified items consist of the trade name non-cash impairment of $8.5 million and transaction-related expenses of $0.3 million, both identified as excluded items in the Company's first quarter 2022 FFO. This guidance assumes the successful disposition of the Company's four held-for-sale

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properties before the end of the third quarter for gross proceeds in the range of $325 to $350 million, which the Company expects to use to repay outstanding amounts under its unsecured revolving credit facility, to fund development costs, and for general corporate purposes.

The FFO outlook reflects management’s view of current and future market conditions, including assumptions with respect to rental rates, occupancy levels and the earnings impact of events referenced in this press release and in earlier announcements. It otherwise excludes any impact from new acquisitions, dispositions, debt financings or repayments, recapitalizations, capital markets activity or similar matters. There can be no assurance that actual results will not differ materially from this estimate.

Below are some of the assumptions the Company used in providing this guidance (dollars and share data in thousands):

Current Guidance
Full Year 2022
MetricLowHigh
FFO per share$2.02$2.08
Growth in same-store property cash NOI(1)(2)
2.00%3.00%
GAAP non-cash revenue (straight-line rent and above/below-market rents)(3)
$45,000$55,000
GAAP non-cash expense (straight-line rent expense and above/below-market ground rent)$(4,500)$(4,500)
General and administrative expenses(4)
$(78,000)$(82,000)
Interest expense(5)
$(138,500)$(141,500)
Interest income$1,750$1,850
Corporate-related depreciation and amortization$(17,950)$(18,050)
FFO from unconsolidated joint ventures$6,000$7,000
FFO attributable to non-controlling interests$(70,500)$(74,500)
FFO attributable to preferred units/shares$(21,000)$(21,000)
Weighted average common stock/units outstanding—diluted(6)
147,300148,300
(1)Same-store for the full year 2022 is defined as the 43 stabilized office properties and three studio properties owned and included in the portfolio as of January 1, 2021, and anticipated to still be owned and included in the portfolio through December 31, 2022. Same-store property cash NOI growth assumes the expiration (without renewal or backfill in 2022) of all 376,817 square feet leased to Qualcomm at Skyport Plaza as of July 31, 2022. Adjusted for this expiration, full year 2022 same-store property cash NOI growth would be 3.50% - 4.50%.
(2)Please see non-GAAP information below for definition of cash NOI.
(3)Includes non-cash straight-line rent associated with the studio and office properties.
(4)Includes non-cash compensation expense, which the Company estimates at $25,000 in 2022.
(5)Includes amortization of deferred financing costs and loan discounts/premiums, which the Company estimates at $13,000 in 2022.
(6)Diluted shares represent ownership in the Company through shares of common stock, OP Units and other convertible or exchangeable instruments. The weighted average fully diluted common stock/units outstanding for 2022 includes an estimate for the dilution impact of stock grants to the Company's executives under its 2020, 2021 and 2022 long-term incentive programs. This estimate is based on the projected award potential of such programs as of the end of the most recently completed quarter, as calculated in accordance with the ASC 260, Earnings Per Share.

The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis, including the information under "FFO Guidance" above, where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and/or amount of various items that would impact net income attributable to common stockholders per diluted share, which is the most directly comparable forward-looking GAAP financial measure. This includes, for example, acquisition costs and other non-core items that have not yet occurred, are out of the Company's control and/or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.


Hudson Pacific Properties, Inc.
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Supplemental Information
Supplemental financial information regarding Hudson Pacific's first quarter 2022 results may be found on the Investors section of the Company's website at HudsonPacificProperties.com. This supplemental information provides additional detail on items such as property occupancy, financial performance by property and debt maturity schedules.

Conference Call
The Company will hold a conference call to discuss first quarter 2022 financial results at 11:00 a.m. PT / 2:00 p.m. ET on April 28, 2022. Please dial (844) 200-6205 and enter passcode 415769 to access the call. International callers should dial (929) 526-1599. A live, listen-only webcast and replay can be accessed via the Investors section of the Company's website at HudsonPacificProperties.com.
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the Company from time to time with the SEC.

Investor Contact
Laura Campbell
Executive Vice President, Investor Relations & Marketing
(310) 622-1702
lcampbell@hudsonppi.com


Hudson Pacific Properties, Inc.
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Media Contact
Laura Murray
Director, Communications
(310) 622-1781
lmurray@hudsonppi.com

(FINANCIAL TABLES FOLLOW)


Hudson Pacific Properties, Inc.
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Consolidated Balance Sheets
Unaudited, in thousands, except share data
March 31, 2022December 31, 2021
(Unaudited)
ASSETS
Investment in real estate, at cost$8,405,272 $8,361,477 
Accumulated depreciation and amortization(1,354,245)(1,283,774)
Investment in real estate, net7,051,027 7,077,703 
Non-real estate property, plant and equipment, net59,894 58,469 
Cash and cash equivalents137,598 96,555 
Restricted cash60,183 100,321 
Accounts receivable, net 28,671 25,339 
Straight-line rent receivables, net255,772 240,306 
Deferred leasing costs and intangible assets, net325,641 341,444 
U.S. Government securities127,157 129,321 
Operating lease right-of-use assets308,409 287,041 
Prepaid expenses and other assets, net140,776 119,000 
Investment in unconsolidated real estate entities160,821 154,731 
Goodwill109,439 109,439 
Assets associated with real estate held for sale239,020 250,520 
TOTAL ASSETS$9,004,408 $8,990,189 
LIABILITIES AND EQUITY
Liabilities
Unsecured and secured debt, net$3,972,651 $3,733,903 
In-substance defeased debt127,294 128,212 
Joint venture partner debt66,136 66,136 
Accounts payable, accrued liabilities and other318,651 300,959 
Operating lease liabilities315,386 293,596 
Intangible liabilities, net39,472 42,290 
Security deposits and prepaid rent78,741 84,939 
Liabilities associated with real estate held for sale5,114 3,898 
Total liabilities4,923,445 4,653,933 
Redeemable preferred units of the operating partnership9,815 9,815 
Redeemable non-controlling interest in consolidated real estate entities127,684 129,449 
Equity
Hudson Pacific Properties, Inc. stockholders' equity:
Preferred stock, $0.01 par value, 18,400,000 authorized at March 31, 2022 and December 31, 2021, respectively; 4.750% Series C cumulative redeemable preferred stock; $25.00 per share liquidation preference, 17,000,000 outstanding at March 31, 2022 and December 31, 2021, respectively
425,000 425,000 
Common stock, $0.01 par value, 481,600,000 authorized, 144,559,168 shares and 151,124,543 shares outstanding at March 31, 2022 and December 31, 2021, respectively
1,445 1,511 
Additional paid-in capital3,063,500 3,317,072 
Accumulated other comprehensive loss(676)(1,761)
Total Hudson Pacific Properties, Inc. stockholders' equity3,489,269 3,741,822 
Non-controlling interest—members in consolidated real estate entities398,941 402,971 
Non-controlling interest—units in the operating partnership55,254 52,199 
Total equity3,943,464 4,196,992 
TOTAL LIABILITIES AND EQUITY$9,004,408 $8,990,189 


Hudson Pacific Properties, Inc.
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Consolidated Statements of Operations
Unaudited, in thousands, except share data
Three Months Ended March 31,
20222021
REVENUES
Office
Rental$206,192 $189,861 
Service and other revenues5,208 2,282 
Total office revenues211,400 192,143 
Studio
Rental13,394 12,153 
Service and other revenues19,719 8,823 
Total studio revenues33,113 20,976 
Total revenues244,513 213,119 
OPERATING EXPENSES
Office operating expenses73,631 66,562 
Studio operating expenses18,983 11,453 
General and administrative20,512 18,449 
Depreciation and amortization92,193 82,761 
Total operating expenses205,319 179,225 
OTHER INCOME (EXPENSE)
Income from unconsolidated real estate entities303 635 
Fee income1,071 848 
Interest expense(30,836)(30,286)
Interest income910 997 
Management services reimbursement income—unconsolidated real estate entities1,108 — 
Management services expense—unconsolidated real estate entities(1,108)— 
Transaction-related expenses(256)— 
Unrealized gain on non-real estate investments1,650 5,775 
Impairment loss(20,503)— 
Other income (expense)852 (452)
Total other expense(46,809)(22,483)
Net (loss) income(7,615)11,411 
Net income attributable to Series A preferred units(153)(153)
Net income attributable to Series C preferred shares(5,290)— 
Net income attributable to participating securities(294)(278)
Net income attributable to non-controlling interest in consolidated real estate entities(8,561)(6,630)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities1,890 682 
Net loss (income) attributable to non-controlling interest in the operating partnership230 (50)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$(19,793)$4,982 
BASIC AND DILUTED PER SHARE AMOUNTS
Net (loss) income attributable to common stockholders—basic$(0.13)$0.03 
Net (loss) income attributable to common stockholders—diluted$(0.13)$0.03 
Weighted average shares of common stock outstanding—basic149,187,994 150,823,605 
Weighted average shares of common stock outstanding—diluted149,187,994 151,141,079 



Hudson Pacific Properties, Inc.
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Funds From Operations
Unaudited, in thousands, except per share data
Three Months Ended March 31,
20222021
RECONCILIATION OF NET (LOSS) INCOME TO FUNDS FROM OPERATIONS (“FFO”)(1):
Net (loss) income$(7,615)$11,411 
Adjustments:
Depreciation and amortization—Consolidated92,193 82,761 
Depreciation and amortization—Non-real estate assets(4,432)(577)
Depreciation and amortization—Company's share from unconsolidated real estate entities1,369 1,511 
Impairment loss12,003 — 
Unrealized gain on non-real estate investments(1,650)(5,775)
FFO attributable to non-controlling interests(20,004)(16,717)
FFO attributable to preferred shares and units(5,443)(153)
FFO to common stockholders and unitholders66,421 72,461 
Specified items impacting FFO:
Impairment of trade name8,500 — 
Transaction-related expenses256 — 
One-time prior period net property tax adjustment— 1,050 
FFO (excluding specified items) to common stockholders and unitholders$75,177 $73,511 
Weighted average common stock/units outstanding—diluted151,426 152,504 
FFO per common stock/unit—diluted$0.44 $0.48 
FFO (excluding specified items) per common stock/unit—diluted$0.50 $0.48 

1.Hudson Pacific calculates FFO in accordance with the White Paper on FFO approved by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”). The White Paper defines FFO as net income or loss calculated in accordance with generally accepted accounting principles in the United States (“GAAP”), excluding gains and losses from sales of depreciable real estate and impairment write-downs associated with depreciable real estate, plus real estate-related depreciation and amortization (excluding amortization of deferred financing costs and depreciation of non-real estate assets), adjusting for consolidated and unconsolidated joint ventures. The calculation of FFO includes amortization of deferred revenue related to tenant-funded tenant improvements and excludes the depreciation of the related tenant improvement assets. Hudson Pacific believes that FFO is a useful supplemental measure of its operating performance. The exclusion from FFO of gains and losses from the sale of operating real estate assets allows investors and analysts to readily identify the operating results of the assets that form the core of the Company's activity and assists in comparing those operating results between periods. Also, because FFO is generally recognized as the industry standard for reporting the operations of REITs, it facilitates comparisons of operating performance to other REITs. However, other REITs may use different methodologies to calculate FFO, and accordingly, the Company's FFO may not be comparable to all other REITs.

Implicit in historical cost accounting for real estate assets in accordance with GAAP is the assumption that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered presentations of operating results for real estate companies using historical cost accounting alone to be insufficient. Because FFO excludes depreciation and amortization of real estate assets, Hudson Pacific believes that FFO along with the required GAAP presentations provides a more complete measurement of the Company's performance relative to its competitors and a more appropriate basis on which to make decisions involving operating, financing and investing activities than the required GAAP presentations alone would provide. Hudson Pacific uses FFO per share to calculate annual cash bonuses for certain employees.

However, FFO should not be viewed as an alternative measure of Hudson Pacific's operating performance because it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of the Company's properties, which are significant economic costs and could materially impact the Company's results from operations.
    

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Net Operating Income
Unaudited, in thousands
Three Months Ended March 31,
20222021
RECONCILIATION OF NET (LOSS) INCOME TO NET OPERATING INCOME (“NOI”)(1):
Net (loss) income$(7,615)$11,411 
Adjustments:
Income from unconsolidated real estate entities(303)(635)
Fee income(1,071)(848)
Interest expense30,836 30,286 
Interest income(910)(997)
Management services reimbursement income—unconsolidated real estate entities(1,108)— 
Management services expense—unconsolidated real estate entities1,108 — 
Transaction-related expenses256 — 
Unrealized gain on non-real estate investments(1,650)(5,775)
Impairment loss20,503 — 
Other (income) expense(852)452 
General and administrative20,512 18,449 
Depreciation and amortization92,193 82,761 
NOI$151,899 $135,104 
NET OPERATING INCOME BREAKDOWN
Same-store office cash revenues172,458 166,623 
Straight-line rent2,774 5,318 
Amortization of above-market and below-market leases, net2,578 2,466 
Amortization of lease incentive costs(400)(422)
Same-store office revenues177,410 173,985 
Same-store studios cash revenues19,807 20,953 
Straight-line rent590 32 
Amortization of lease incentive costs(9)(9)
Same-store studio revenues20,388 20,976 
Same-store revenues197,798 194,961 
Same-store office cash expenses60,455 57,616 
Straight-line rent325 366 
Non-cash portion of interest expense21 10 
Amortization of above-market and below-market ground leases, net586 586 
Same-store office expenses61,387 58,578 
Same-store studio cash expenses11,533 11,374 
Non-cash portion of interest expense68 79 
Same-store studio expenses11,601 11,453 
Same-store expenses72,988 70,031 
Same-store net operating income124,810 124,930 
Non-same-store net operating income27,089 10,174 
NET OPERATING INCOME$151,899 $135,104 
SAME-STORE OFFICE NOI INCREASE0.5 %
SAME-STORE OFFICE CASH NOI INCREASE2.7 %
SAME-STORE STUDIO NOI DECREASE(7.7)%
SAME-STORE STUDIO CASH NOI DECREASE(13.6)%

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1.Hudson Pacific evaluates performance based upon property NOI from continuing operations. NOI is not a measure of operating results or cash flows from operating activities or cash flows as measured by GAAP and should not be considered an alternative to income from continuing operations, as an indication of the Company's performance, or as an alternative to cash flows as a measure of liquidity, or the Company's ability to make distributions. All companies may not calculate NOI in the same manner. Hudson Pacific considers NOI to be a useful performance measure to investors and management because when compared across periods, NOI reflects the revenues and expenses directly associated with owning and operating the Company's properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. Hudson Pacific calculates NOI as net income (loss) excluding corporate general and administrative expenses, depreciation and amortization, impairments, gains/losses on sales of real estate, interest expense, transaction-related expenses and other non-operating items. Hudson Pacific defines NOI as operating revenues (including rental revenues, other property-related revenue, tenant recoveries and other operating revenues), less property-level operating expenses (which includes external management fees, if any, and property-level general and administrative expenses). NOI on a cash basis is NOI adjusted to exclude the effect of straight-line rent and other non-cash adjustments required by GAAP. Hudson Pacific believes NOI on a cash basis is helpful to investors as an additional measure of operating performance because it eliminates straight-line rent and other non-cash adjustments to revenue and expenses.


q12022ex992final-compres
FIRST QUARTER 2022

 
Page 2 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Forward-Looking Statements This Supplemental Information contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements involve numerous risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement made by us. These risks and uncertainties include, but are not limited to: uncertainties regarding the impact of the COVID-19 pandemic, and restrictions intended to prevent its spread, on our business and the economy generally; adverse economic and real estate developments in Northern and Southern California, the Pacific Northwest, Western Canada and Greater London; decreased rental rates or increased tenant incentives and vacancy rates; defaults on, early terminations of, or non-renewal of leases by tenants; increased interest rates and operating costs; failure to generate sufficient cash flows to service our outstanding indebtedness; difficulties in identifying properties to acquire and completing acquisitions; failure to successfully integrate pending and recent acquisitions; failure to successfully operate acquired properties and operations; failure to maintain our status as a REIT under the Internal Revenue Code of 1986, as amended; possible adverse changes in laws and regulations; environmental uncertainties; risks related to natural disasters; lack or insufficient amount of insurance; inability to successfully expand into new markets or submarkets; risks associated with property development; conflicts of interest with our officers; changes in real estate and zoning laws and increases in real property tax rates; and the consequences of any possible future terrorist attacks. These factors are not exhaustive. For a discussion of important risks related to Hudson Pacific Properties, Inc.’s business and an investment in its securities, including risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information, see the discussion under the caption “Risk Factors” in Hudson Pacific Properties, Inc.’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by Hudson Pacific Properties, Inc. from time to time with the SEC. You are cautioned that the information contained herein speaks only as of the date hereof and Hudson Pacific Properties, Inc. assumes no obligation to update any forward-looking information, whether as a result of new information, future events or otherwise. Hudson Pacific Properties, Inc. is referred to herein as the “Company,” “Hudson Pacific,” “we,” “us,” or “our.” Non-GAAP Measures This Supplemental Information includes non-GAAP financial measures, which are accompanied by what the Company considers the most directly comparable financial measures calculated and presented in accordance with GAAP. Quantitative reconciliations of the differences between the most directly comparable GAAP financial measures and the non-GAAP financial measures presented are provided within this Supplemental Information. Definitions of these non-GAAP financial measures can be found in the Definitions section of this Supplemental starting on page 53. The Company also presents the “Company’s Share” of certain of these measures, which are non-GAAP financial measures that are calculated as the consolidated amount calculated in accordance with GAAP, plus the Company’s share of the amount from the Company’s unconsolidated joint ventures (calculated based upon the Company’s percentage ownership interest), minus the Company’s partners’ share of the amount from the Company’s consolidated joint ventures (calculated based upon the partners’ percentage ownership interests). Management believes that presenting the “Company’s Share” of these measures provides useful information to investors regarding the Company’s financial condition and/or results of operations because the Company has several significant joint ventures, and in some cases the Company exercises significant influence over, but does not control, the joint venture, in which case GAAP requires that the Company account for the joint venture entity using the equity method of accounting and the Company does not consolidate it for financial reporting purposes. In other cases, GAAP requires that the Company consolidate the joint venture even though the Company’s partner(s) owns a significant percentage interest. As a result, management believes that presenting the Company’s Share of various financial measures in this manner can help investors better understand the Company’s financial condition and/or results of operations after taking into account its true economic interest in these joint ventures.

 
Page 3 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Table of Contents Page Executive Summary, Corporate Data, Executive Management, Board of Directors, Equity Research Coverage, and Rating Agencies 4 Financial Information 9 Consolidated Balance Sheets 10 Consolidated Statements of Operations 11 Funds from Operations 12 Adjusted Funds from Operations 14 Same-Store Property Performance—Consolidated 15 Net Operating Income (NOI) Detail 17 Debt Summary 19 Capital Structure 21 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance 22 Operational and Portfolio Information 24 In-Service Office Properties 25 In-Service Office Properties by Location 28 Studio Properties 30 Land Properties 31 Repositioning, Redevelopment, Development and Held For Sale Properties 32 Under Construction and Future Development Projects 34 Recently Completed, Under Construction and Planned Project Images 36 Office Tenant Industry Diversification 37 Fifteen Largest Office Tenants 38 Office Property Leasing Activity 40 Commenced Office Leases with Non-Recurring Upfront Abatements 42 Uncommenced Office Leases—Next Eight Quarters 45 Backfilled Office Leases—Next Eight Quarters 46 Expiring Office Leases—Next Eight Quarters 47 Expiring Office Leases—Annual 51 Definitions and Reconciliations 52 Definitions 53 Reconciliation of Net Income to Net Operating Income 55 Reconciliation of Consolidated Debt, Net to Adjusted EBITDAre (Annualized) 56 Company Outlook 57 Appendix 58 Total Portfolio Company’s Share 59 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters 60 Corporate Headquarters: 11601 Wilshire Boulevard, 9th Floor, Los Angeles, CA 90025 (310) 445-5700 Website: HudsonPacificProperties.com Investor Relations: Laura Campbell Executive Vice President, Investor Relations and Marketing (310) 622-1702 NYSE Trading Symbol: HPP

 
Page 4 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Development • Google began tenant improvements at the 584,000-square-foot One Westside office redevelopment, which commenced GAAP revenue recognition in November 2021 • Successfully progressing over 2.3 million square feet of development projects, including the under construction 7-stage, 241,000-square-foot Sunset Glenoaks studio development in Los Angeles for delivery in third quarter 2023 • Expected near-term closing for the 546,000-square-foot Washington 1000 office development in Seattle, with anticipated construction start second quarter 2022 and delivery in 2024 • Advancing entitlements on the 450,000-square-foot Burrard Exchange office development in Vancouver, and the 21-stage, 1.1 million-square-foot Sunset Waltham Cross studio development in the UK Capital Markets • Entered into an accelerated share repurchase agreement to purchase $200 million of outstanding common stock with approximately 6.6 million shares repurchased as of March 11 Dividend • Declared and paid a dividend on common stock of $0.25 per share and on 4.750% Series C cumulative preferred stock of $0.4453125 per share ESG Leadership • Launched new impact investing platform, EquiBlueTM, seeking to leverage commercial real estate to holistically provide economic opportunity and upward mobility for women and people of color 2022 Outlook • Narrowed full-year 2022 FFO guidance of $2.02 to $2.08 per diluted share, excluding specified items Executive Summary Hudson Pacific Properties acquires, redevelops and develops creative office and studio properties in global epicenters of innovation, media and technology. We are the leading publicly traded owner of office space in Silicon Valley, one of the largest independent owners/operators of studios in Los Angeles, and our portfolio totals over 21 million square feet, including land for development, in our core markets. Our top-tier assets combined with our leasing and management expertise have enabled us to cultivate a tenant base of premier blue-chip and growth companies, like Google and Netflix. Our strategic focus is value creation often through less capital- and time- intensive repositionings and redevelopments, although our vertically integrated platform allows us to execute on a full range of opportunities— from incremental lease-up to cutting-edge new construction. Financials (Compared to First Quarter 2021) • Total revenue increased 14.7% to $244.5 million • Net loss attributable to common stockholders of $19.8 million, or $0.13 per diluted share, compared to net income of $5.0 million, or $0.03 per diluted share • FFO, excluding specified items, increased 2.3% to $75.2 million and 3.0% to $0.50 per diluted share • FFO of $66.4 million, or $0.44 per diluted share, compared to $72.5 million, or $0.48 per diluted share • AFFO grew 11.8% to $58.6 million • Same-store property cash NOI was up 1.4% to $120.3 million Leasing • In-service office portfolio ended the quarter at 91.1% occupied and 92.3% leased upon signing 504,000 square feet of new and renewal leases with 12.0% and 5.8% GAAP and cash rent increases, respectively • Expanded Company 3 into entire 130,000-square-foot Harlow office development on the Sunset Las Palmas studio lot in Los Angeles with a 11-year, 60,000-square-foot lease, with GAAP revenue recognition on the expansion commencing in January 2022 • Renewed and expanded Bank of Montreal with a 105,000-square-foot, 11-year lease through July 2035 at Bentall Center in Vancouver Conference Call Information: Thursday, April 28, 2022 at 11:00 AM PST / 2:00 PM EST (844) 200-6205 (U.S.) | (929) 526-1599 (International) | Passcode: 415769

 
Page 5 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Corporate Data(1) Unaudited, in thousands, except per share data March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 Number of office properties owned 54 54 53 53 53 Office square feet(2) 15,774,989 15,769,031 15,571,852 15,584,647 15,583,010 Same-store office square feet(2)(3) 12,836,234 12,258,304 12,890,572 12,661,812 12,628,002 Same-store office leased rate as of end of period(3) 92.2 % 93.1 % 91.7 % 92.4 % 92.3 % Stabilized office square feet(2)(4) 13,747,301 13,707,649 13,558,781 13,560,853 13,571,956 Stabilized office leased rate as of end of period(4) 92.7 % 93.8 % 92.1 % 92.7 % 92.7 % In-service office square feet(2)(5) 14,656,497 14,746,779 14,597,763 14,610,559 14,491,731 In-service office leased rate as of end of period(5) 92.3 % 92.8 % 91.2 % 91.4 % 91.7 % Number of studio properties owned 4 4 3 3 3 Studio square feet(2) 1,465,403 1,465,403 1,224,403 1,224,403 1,224,403 Same-store studio square feet(2)(6) 1,205,809 1,205,809 1,205,809 1,224,403 1,224,403 Same-store studio leased rate as of end of period(7) 84.1 % 85.7 % 87.6 % 88.0 % 89.6 % Non-same-store studio square feet(2) N/A N/A 18,594 N/A N/A Non-same-store studio leased rate as of end of period N/A N/A N/A N/A N/A Number of land properties owned 8 8 9 8 8 Land properties estimated square feet(8) 4,062,242 2,954,406 3,195,406 3,195,406 3,187,261 Total portfolio square feet 21,302,634 20,188,840 19,991,661 20,004,456 19,994,674 Company’s share of debt, net(9)(10) $ 3,220,900 $ 3,013,107 $ 3,184,975 $ 2,863,638 $ 2,826,943 Company’s share of market capitalization(9)(10) $ 7,873,162 $ 7,342,670 $ 7,366,931 $ 7,283,915 $ 7,106,345 Company’s share of Adjusted EBITDAre (annualized) / Company’s share of debt, net(10) 7.6x 6.7x 7.4x 7.0x 7.4x Company’s share of debt, net/Company’s share of market capitalization(9)(10) 40.9 % 41.0 % 43.2 % 39.3 % 39.8 % Share data: FFO(10), excluding specific items, per common stock/unit—diluted(11) $ 0.50 $ 0.52 $ 0.50 $ 0.49 $ 0.48 Range of closing prices(11) $ 22.54 - 28.54 $ 23.13 - 27.83 $ 25.70 - 28.37 $ 26.45 - 30.28 $ 22.89 - 28.43 Closing price at quarter end $ 27.75 $ 24.71 $ 26.27 $ 27.82 $ 27.13 Weighted average fully diluted common stock/units outstanding(10) 151,426 153,700 154,027 152,683 152,504 Shares of common stock/units outstanding at end of period(10) 165,585 154,753 155,743 155,543 153,979 (1) Represents 100% share of consolidated and unconsolidated joint ventures, except with respect to the Company’s Share of debt, net, market capitalization, and the quotient of those amounts. (2) Property square footage has been determined by management based upon estimated leasable square feet, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. (3) Same-store office defined as all properties owned and included in our office portfolio as of January 1, 2021 and still owned and included in our office portfolio as of March 31, 2022. (4) Stabilized office square feet and leased rate excludes the lease-up, land, repositioning, redevelopment, development and held for sale properties described on pages 26, 31 and 32. (5) In-service office square feet and leased rate includes the stabilized office and lease-up properties described on pages 25 and 26. (6) Same-store studio defined as all properties owned and included in our studio portfolio as of January 1, 2021 and still owned and included in our studio portfolio as of March 31, 2022. (7) Percent leased for same-store studio is the average percent leased for the 12 months ended as of the quarter indicated. (8) Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to receipt of entitlement approvals not yet obtained. Includes the pending purchase of Washington 1000. (9) See capital structure on page 21 for additional detail. (10) See definitions starting on page 53. (11) For the quarter indicated.

 
Page 6 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Andy Wattula Executive Vice President, Pacific Northwest/ Canada Office Operations Derric Dubourdieu Senior Vice President, Leasing Gary Hansel Senior Vice President, Southern California Shawn McGarry Senior Vice President, Northern California Anne Mehrtens Senior Vice President, Sunset Studios — Southern California Chris Pearson Senior Vice President, Development Planning and Government Affairs Nader Shah Senior Vice President, Construction and Development Jim Soutter Senior Vice President, Engineering Natalie Teear Senior Vice President, Innovation, Sustainability and Social Impact Erik Thoreen Senior Vice President, UK and Studios East Chuck We Senior Vice President, Western Canada Ken Young Senior Vice President, Leasing Executive Management Victor J. Coleman Chief Executive Officer and Chairman Mark Lammas President Harout Diramerian Chief Financial Officer Kay L. Tidwell Executive Vice President, General Counsel and Chief Risk Officer Christopher Barton Executive Vice President, Development and Capital Investments Laura Campbell Executive Vice President, Investor Relations and Marketing Drew B. Gordon Executive Vice President, California Office Operations Steven Jaffe Executive Vice President, Business Affairs Andrea Rupp Executive Vice President, Human Resources Dale Shimoda Executive Vice President, Finance Jeff Stotland Executive Vice President, Global Studios Arthur X. Suazo Executive Vice President, Leasing Our Executive Management is comprised of highly seasoned, approachable experts who embrace innovation and always think outside the box. Together, they have decades of experience leading successful publicly traded companies. They have bought, sold, operated, built and re-built real estate properties across cycles and in every major West Coast market, and in the process cultivated unparalleled industry relationships. Our culture starts at the top—a collaborative, entrepreneurial spirit, combined with integrity and a deep sense of fiduciary responsibility.

 
Page 7 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Board of Directors Our accomplished Directors are committed to sound corporate governance, and ensuring full compliance and accountability to shareholders in accordance with all laws and regulations. We believe that dedication to these principles and the highest ethical standards is essential to both short- and long-term value creation and preservation. We also recognize and embrace board diversity in all its facets—skills, experience, gender, ethnicity, race—as essential to maintaining our competitive advantage and attaining our strategic objectives. Victor J. Coleman Chairman of the Board, Chief Executive Officer, Hudson Pacific Properties, Inc. Theodore R. Antenucci President and Chief Executive Officer, Catellus Development Corporation Karen Brodkin Executive Vice President, Content Strategy and Development, Endeavor Ebs Burnough Managing Director, Hatch House Media and President and Founder, Ebs Burnough Solutions International Richard B. Fried Managing Member, Farallon Capital Management, L.L.C. Jonathan M. Glaser Managing Member, JMG Capital Management LLC Robert L. Harris II Executive Chairman (retired), Acacia Research Corporation Christy Haubegger Executive Vice President and Chief Enterprise Inclusion Officer, WarnerMedia Mark D. Linehan President and Chief Executive Officer, Wynmark Company Andrea Wong President (retired), International Production, Sony Pictures Television

 
Page 8 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Equity Research Coverage BMO Capital Markets John Kim (212) 885-4115 BofA Securities James Feldman (646) 855-5808 BTIG Tom Catherwood (212) 738-6140 Citigroup Global Markets Michael Bilerman | Emmanuel Korchman (212) 816-1383 | (212) 816-1382 Goldman Sachs Caitlin Burrows (212) 902-4736 Green Street Advisors Daniel Ismail (949) 640-8780 Jefferies LLC Peter Abramowitz (212) 336-7241 KeyBanc Capital Markets Todd Thomas (917) 368-2286 Mizuho Securities Haendel St. Juste (212) 205-7860 Morgan Stanley Ronald Kamdem (212) 296-8319 Piper Sandler & Company Alexander Goldfarb (212) 466-7937 Robert W. Baird & Company David Rodgers (216) 737-7341 Scotiabank Nicholas Yulico (212) 225-6904 SMBC Nikko Securities Richard Anderson (646) 521-2351 Wells Fargo Securities Blaine Heck (443) 263-2949 Wolfe Research Andrew Rosivach (646) 582-9250 Fitch Ratings Stephen Boyd (212) 908-9153 Rating Agencies Moody’s Investor Service Alice Chung (212) 553-2949 Standard & Poor’s Fernanda Hernandez (212) 438-1347

 
Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Financial Information

 
Page 10 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Consolidated Balance Sheets In thousands, except share data March 31, 2022 (Unaudited) December 31, 2021 ASSETS Investment in real estate, net $ 7,051,027 $ 7,077,703 Non-real estate property, plant and equipment, net 59,894 58,469 Cash and cash equivalents 137,598 96,555 Restricted cash 60,183 100,321 Accounts receivable, net 28,671 25,339 Straight-line rent receivables, net 255,772 240,306 Deferred leasing costs and intangible assets, net 325,641 341,444 U.S. Government securities 127,157 129,321 Operating lease right-of-use assets 308,409 287,041 Prepaid expenses and other assets, net 140,776 119,000 Investment in unconsolidated real estate entities 160,821 154,731 Goodwill 109,439 109,439 Assets associated with real estate held for sale 239,020 250,520 TOTAL ASSETS $ 9,004,408 $ 8,990,189 LIABILITIES AND EQUITY Liabilities Unsecured and secured debt, net $ 3,972,651 $ 3,733,903 In-substance defeased debt 127,294 128,212 Joint venture partner debt 66,136 66,136 Accounts payable, accrued liabilities and other 318,651 300,959 Operating lease liabilities 315,386 293,596 Intangible liabilities, net 39,472 42,290 Security deposits and prepaid rent 78,741 84,939 Liabilities associated with real estate held for sale 5,114 3,898 Total liabilities 4,923,445 4,653,933 Redeemable preferred units of the operating partnership 9,815 9,815 Redeemable non-controlling interest in consolidated real estate entities 127,684 129,449 Equity Hudson Pacific Properties, Inc. stockholders’ equity Preferred stock, $0.01 par value, 18,400,000 authorized at March 31, 2022 and December 31, 2021, respectively; 4.750% Series C cumulative redeemable preferred stock; $25.00 per share liquidation preference, 17,000,000 outstanding at March 31, 2022 and December 31, 2021, respectively 425,000 425,000 Common stock, $0.01 par value, 481,600,000 authorized, 144,559,168 shares and 151,124,543 shares outstanding at March 31, 2022 and December 31, 2021, respectively 1,445 1,511 Additional paid-in capital 3,063,500 3,317,072 Accumulated other comprehensive loss (676) (1,761) Total Hudson Pacific Properties, Inc. stockholders’ equity 3,489,269 3,741,822 Non-controlling interest—members in consolidated real estate entities 398,941 402,971 Non-controlling interest—units in the operating partnership 55,254 52,199 Total equity 3,943,464 4,196,992 TOTAL LIABILITIES AND EQUITY $ 9,004,408 $ 8,990,189

 
Page 11 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Consolidated Statements of Operations Unaudited, in thousands, except share data Three Months Ended March 31, 2022 2021 REVENUES Office Rental $ 206,192 $ 189,861 Service and other revenues 5,208 2,282 Total office revenues 211,400 192,143 Studio Rental 13,394 12,153 Service and other revenues 19,719 8,823 Total studio revenues 33,113 20,976 Total revenues 244,513 213,119 OPERATING EXPENSES Office operating expenses 73,631 66,562 Studio operating expenses 18,983 11,453 General and administrative 20,512 18,449 Depreciation and amortization 92,193 82,761 Total operating expenses 205,319 179,225 OTHER INCOME (EXPENSE) Income from unconsolidated real estate entities 303 635 Fee income 1,071 848 Interest expense (30,836) (30,286) Interest income 910 997 Management services reimbursement income—unconsolidated real estate entities 1,108 — Management services expense—unconsolidated real estate entities (1,108) — Transaction-related expenses (256) — Unrealized gain on non-real estate investments 1,650 5,775 Impairment loss (20,503) — Other income (expense) 852 (452) Total other expense (46,809) (22,483) Net (loss) income (7,615) 11,411 Net income attributable to Series A preferred units (153) (153) Net income attributable to Series C preferred shares (5,290) — Net income attributable to participating securities (294) (278) Net income attributable to non-controlling interest in consolidated real estate entities (8,561) (6,630) Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 1,890 682 Net loss (income) attributable to non-controlling interest in the operating partnership 230 (50) NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (19,793) $ 4,982 BASIC AND DILUTED PER SHARE AMOUNTS Net (loss) income attributable to common stockholders—basic $ (0.13) $ 0.03 Net (loss) income attributable to common stockholders—diluted $ (0.13) $ 0.03 Weighted average shares of common stock outstanding—basic 149,187,994 150,823,605 Weighted average shares of common stock outstanding—diluted 149,187,994 151,141,079

 
Page 12 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Funds from Operations(1) Unaudited, in thousands, except per share data Three Months Ended Quarter To Date March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 NET (LOSS) INCOME $ (7,615) $ 16,753 $ (6,182) $ 7,030 $ 11,411 Adjustments: Depreciation and amortization—Consolidated 92,193 88,107 88,568 84,178 82,761 Depreciation and amortization—Non-real estate assets (4,432) (4,331) (2,221) (590) (577) Depreciation and amortization—Company’s share from unconsolidated real estate entities 1,369 1,497 1,462 1,550 1,511 Impairment loss 12,003 — 2,762 — — Unrealized gain on non-real estate investments (1,650) (4,951) (827) (5,018) (5,775) Tax impact of unrealized gain on non-real estate investment — 1,973 — 1,876 — FFO attributable to non-controlling interests (20,004) (17,867) (14,288) (15,839) (16,717) FFO attributable to preferred shares and units (5,443) (2,434) (153) (153) (153) FFO to common stockholders and unitholders 66,421 78,747 69,121 73,034 72,461 Specified items impacting FFO: Impairment of trade name 8,500 — — — — Transaction-related expenses 256 1,547 6,300 1,064 — One-time prior period net property tax adjustment — (687) (1,346) 335 1,050 One-time debt extinguishment cost—Company’s share — — 3,187 — — FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON STOCKHOLDERS AND UNITHOLDERS $ 75,177 $ 79,607 $ 77,262 $ 74,433 $ 73,511 Weighted average common stock/units outstanding—diluted 151,426 153,700 154,027 152,683 152,504 FFO per common stock/unit—diluted $ 0.44 $ 0.51 $ 0.45 $ 0.48 $ 0.48 FFO (excluding specified items) per common stock/unit—diluted $ 0.50 $ 0.52 $ 0.50 $ 0.49 $ 0.48

 
Page 13 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) See definitions starting on page 53. Three Months Ended Twelve Months Ended Nine Months Ended Six Months Ended Three Months Ended Year To Date March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 NET (LOSS) INCOME $ (7,615) $ 29,012 $ 12,259 $ 18,441 $ 11,411 Adjustments: Depreciation and amortization—Consolidated 92,193 343,614 255,507 166,939 82,761 Depreciation and amortization—Non-real estate assets (4,432) (7,719) (3,388) (1,167) (577) Depreciation and amortization—Company’s share from unconsolidated real estate entities 1,369 6,020 4,523 3,061 1,511 Impairment loss 12,003 2,762 2,762 — — Unrealized gain on non-real estate investments (1,650) (16,571) (11,620) (10,793) (5,775) Tax impact of unrealized gain on non-real estate investment — 3,849 1,876 1,876 — FFO attributable to non-controlling interests (20,004) (64,388) (46,731) (32,462) (16,717) FFO attributable to preferred shares and units (5,443) (2,893) (459) (306) (153) FFO to common stockholders and unitholders 66,421 293,686 214,729 145,589 72,461 Specified items impacting FFO: Impairment of trade name 8,500 — — — — Transaction-related expenses 256 8,911 7,364 1,064 — One-time prior period net property tax adjustment — (581) 26 1,372 1,050 One-time debt extinguishment cost—Company’s share — 3,187 3,187 — — FFO (EXCLUDING SPECIFIED ITEMS) TO COMMON STOCKHOLDERS AND UNITHOLDERS $ 75,177 $ 305,203 $ 225,306 $ 148,025 $ 73,511 Weighted average common stock/units outstanding—diluted 151,426 153,332 153,379 152,675 152,504 FFO per common stock/unit—diluted $ 0.44 $ 1.92 $ 1.40 $ 0.95 $ 0.48 FFO (excluding specified items) per common stock/unit—diluted $ 0.50 $ 1.99 $ 1.47 $ 0.97 $ 0.48 Funds from Operations(1) (continued) Unaudited, in thousands, except per share data

 
Page 14 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Adjusted Funds from Operations(1) Unaudited, in thousands Three Months Ended Quarter To Date March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 FFO $ 66,421 $ 78,747 $ 69,121 $ 73,034 $ 72,461 Adjustments: GAAP non-cash revenue (straight-line rent and above-below-market rents) (11,990) (6,337) (3,592) (6,811) (8,708) GAAP non-cash expense (straight-line rent expense and above- below-market ground rent) 966 821 804 804 826 Non-real estate depreciation, amortization and impairment 12,932 4,331 2,221 590 577 Amortization of deferred financing costs and loan discounts/ premiums, net 2,403 2,029 1,845 1,717 1,714 Non-cash compensation expense 5,329 5,445 5,840 6,340 3,538 Recurring capital expenditures, tenant improvements and lease commissions (17,499) (13,384) (15,894) (15,580) (18,022) AFFO $ 58,562 $ 71,652 $ 60,345 $ 60,094 $ 52,386 Dividends paid to common stock and unitholders $ 36,942 $ 38,647 $ 38,745 $ 38,742 $ 38,426 AFFO payout ratio 63.1 % 53.9 % 64.2 % 64.5 % 73.4 % Three Months Ended Twelve Months Ended Nine Months Ended Six Months Ended Three Months Ended Year To Date March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 FFO $ 66,421 $ 293,686 $ 214,729 $ 145,589 $ 72,461 Adjustments: GAAP non-cash revenue (straight-line rent and above-below-market rents) (11,990) (25,448) (19,111) (15,519) (8,708) GAAP non-cash expense (straight-line rent expense and above- below-market ground rent) 966 3,255 2,434 1,630 826 Non-real estate depreciation, amortization and impairment 12,932 7,719 3,388 1,167 577 Amortization of deferred financing costs and loan discounts/ premiums, net 2,403 7,305 5,276 3,431 1,714 Non-cash compensation expense 5,329 21,163 15,718 9,878 3,538 Recurring capital expenditures, tenant improvements and lease commissions (17,499) (62,880) (49,496) (33,602) (18,022) AFFO $ 58,562 $ 244,800 $ 172,938 $ 112,574 $ 52,386 Dividends paid to common stock and unitholders $ 36,942 $ 154,560 $ 115,913 $ 77,168 $ 38,426 AFFO payout ratio 63.1 % 63.1 % 67.0 % 68.5 % 73.4 % (1) See definitions starting on page 53.

 
Page 15 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Same-Store Property Performance—Consolidated(1) Unaudited, in thousands, except number of properties and square feet SAME-STORE ANALYSIS—NET OPERATING INCOME Three Months Ended March 31, 2022 2021 % change SAME-STORE NET OPERATING INCOME(6) Total office revenues $ 177,410 $ 173,985 2.0 % Total studio revenues 20,388 20,976 (2.8) Same-store revenues 197,798 194,961 1.5 Total office expenses 61,387 58,578 (7) 4.8 Total studio expenses 11,601 11,453 1.3 Same-store expenses 72,988 70,031 4.2 Same-store office net operating income 116,023 115,407 0.5 NOI margin 65.4 % 66.3 % (0.9) Same-store studio net operating income 8,787 9,523 (7.7) NOI margin 43.1 % 45.4 % (2.3) TOTAL SAME-STORE NET OPERATING INCOME $ 124,810 $ 124,930 (0.1) % NOI margin 63.1 % 64.1 % (1.0) SAME-STORE STATISTICS Three Months Ended March 31, 2022 2021 % change SAME-STORE OFFICE STATISTICS(2)(3) Number of properties 43 43 Rentable square feet 11,332,404 11,332,404 Ending % leased 91.7 % 93.0 % (1.3) % Ending % occupied 90.4 % 92.7 % (2.3) % Average % occupied for the period 91.2 % 93.2 % (2.0) % SAME-STORE STUDIO STATISTICS(4) Number of properties 3 3 Rentable square feet 1,205,809 1,205,809 Average % occupied for the period(5) 84.1 % 89.5 % (5.4)

 
Page 16 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Same-Store Property Performance—Consolidated(1) (continued) Unaudited, in thousands, except number of properties and square feet (1) The consolidated same-store property performance excludes the impact of our unconsolidated joint venture, Bentall Centre. (2) Same-store office for the three months ended March 31, 2022 defined as all properties owned and included in our stabilized office portfolio as of January 1, 2021 and still owned and included in the stabilized office portfolio as of March 31, 2022. (3) See pages 25 and 26 for same-store office properties. (4) Same-store studio for the three months ended March 31, 2022 defined as all properties owned and included in our studio portfolio as of January 1, 2021 and still owned and included in our studio portfolio as of March 31, 2022. (5) Percent occupied for same-store studio is the average percent occupied for the 12 months ended as of the periods indicated. (6) See page 55 for the reconciliation of net (loss) income to net operating income (NOI). (7) Same-store office expenses for the three months ended March 31, 2021 included a one-time property tax increase of $1.0 million resulting from reassessments at ICON and CUE. Adjusted for this item, the consolidated same-store office net operating income and consolidated same store office net operating income (cash basis) percentage change for the three months ended March 31, 2022 would have been (0.3)% and 1.9%, respectively. SAME-STORE ANALYSIS—NET OPERATING INCOME (CASH BASIS) Three Months Ended March 31, 2022 2021 % change SAME-STORE NET OPERATING INCOME (CASH BASIS) Total office cash revenues $ 172,458 $ 166,623 3.5 % Total studio cash revenues 19,807 20,953 (5.5) Same-store cash revenues 192,265 187,576 2.5 Total office cash expenses 60,455 57,616 (7) 4.9 Total studio cash expenses 11,533 11,374 1.4 Same-store cash expenses 71,988 68,990 4.4 Same-store office net operating income (cash basis) 112,003 109,007 2.7 NOI margin 64.9 % 65.4 % (0.5) Same-store studio net operating income (cash basis) 8,274 9,579 (13.6) NOI margin 41.8 % 45.7 % (3.9) SAME-STORE NET OPERATING INCOME (CASH BASIS) $ 120,277 $ 118,586 1.4 % NOI margin 62.6 % 63.2 % (0.6)

 
Page 17 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Net Operating Income (NOI) Detail Three Months Ended March 31, 2022 | Unaudited, in thousands Same-Store Office(1) Same-Store Studio(2) Non-Same- Store Office(3) Non-Same- Store Studio(4) Repositioning/ Redevelopment /Development(5) Lease-Up(3) Held-for- Sale(5) Total REVENUE Cash rent $ 139,468 $ 12,026 $ 2,089 $ 521 $ — $ 10,700 $ 5,044 $ 169,848 Cash tenant recoveries 29,676 266 512 — — 1,441 637 32,532 Straight-line rent 2,774 590 12,284 — — (182) (567) 14,899 Amortization of above-market and below-market leases, net 2,578 — 141 — — 20 — 2,739 Amortization of lease incentive costs (400) (9) — — — (23) — (432) Total rental revenue 174,096 12,873 15,026 521 — 11,956 5,114 219,586 Service and other revenues 3,314 7,515 40 12,204 — 71 1,783 24,927 Total revenue 177,410 20,388 15,066 12,725 — 12,027 6,897 244,513 OPERATING EXPENSES Property operating expenses 60,455 11,533 3,797 7,382 — 5,532 2,749 91,448 Straight-line rent 325 — 79 — — — — 404 Non-cash portion of interest expense 21 68 3 — — 92 Amortization of above-market and below-market ground leases, net 586 — 82 — — 2 — 670 Total operating expenses 61,387 11,601 3,961 7,382 — 5,534 2,749 92,614 TOTAL CONSOLIDATED NOI(6) $ 116,023 $ 8,787 $ 11,105 $ 5,343 $ — $ 6,493 $ 4,148 $ 151,899 ADD : COMPANY’S SHARE OF NOI FROM UNCONSOLIDATED REAL ESTATE ENTITY — — 2,961 (7) — — — — 2,961 LESS : TOTAL NOI ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 16,756 (8) 4,035 (9) 2,599 (10) — — — — 23,390 TOTAL COMPANY’S SHARE OF NOI $ 99,267 $ 4,752 $ 11,467 $ 5,343 $ — $ 6,493 $ 4,148 $ 131,470 Square feet(11) 11,332,404 1,205,809 911,067 — 391,915 909,196 745,171 15,495,562 Ending % leased 91.7 % 84.1 % 99.8 % — % 2.6 % 86.4 % 58.2 % 87.4 % Ending % occupied 90.4 % 84.1 % 99.8 % — % — % 82.9 % 57.9 % 86.2 % NOI margin 65.4 % 43.1 % 73.7 % 42.0 % — % 54.0 % 60.1 % 62.1 % RECONCILIATION TO CASH NOI TOTAL NOI $ 116,023 $ 8,787 $ 11,105 $ 5,343 $ — $ 6,493 $ 4,148 $ 151,899 Straight-line rent, net (2,449) (590) (12,205) — — 182 567 (14,495) Non-cash portion of interest expense 21 68 3 — — 92 Amortization of above-market and below-market leases, net (2,578) — (141) — — (20) — (2,739) Amortization of lease incentive costs 400 9 — — — 23 — 432 Amortization of above-market and below-market ground leases, net 586 — 82 — — 2 — 670 TOTAL CONSOLIDATED CASH NOI $ 112,003 $ 8,274 $ (1,156) $ 5,343 $ — $ 6,680 $ 4,715 $ 135,859

 
Page 18 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) See pages 25 and 26 for same-store office for the three months ended March 31, 2022. The consolidated same-store property performance in this table excludes the impact of our unconsolidated joint venture, Bentall Centre. (2) Same-store studio includes Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios. (3) See page 26 for non-same-store office and lease-up properties. (4) Included as part of non-same store studio are the net operating income results for Sunset Studios production services division (formerly known as Star Waggons and Zio Studio Service). (5) See page 32 for repositioning, redevelopment, development and held for sale properties. (6) See page 55 and 56 for all non-GAAP NOI reconciliations. (7) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. The amounts reflected have been converted from Canadian Dollars (“CAD”) to United States Dollars (“USD”) using the average monthly foreign currency exchange rate for the period presented. (8) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico. We own 55% of the ownership interest in the consolidated joint venture that owns 1455 Market, Hill7, Ferry Building and 1918 Eighth. We own 51% of the ownership interest in the consolidated joint venture that owns 6040 Sunset, ICON, CUE and EPIC. (9) We own 51% of the ownership interest in the consolidated joint venture that owns Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios. (10) We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. We own 51% of the ownership interest in the consolidated joint venture that owns Harlow. (11) Represents 100% ownership of our consolidated portfolio. Excludes square footage related to our unconsolidated joint ventures, Bentall Centre and Sunset Glenoaks Studios. Net Operating Income Detail (NOI) (continued) Same-Store Office(1) Same-Store Studio(2) Non-Same- Store Office(3) Non-Same- Store Studio(4) Repositioning/ Redevelopment /Development(5) Lease-Up(3) Held-for- Sale(5) Total ADD : COMPANY’S SHARE OF CASH NOI FROM UNCONSOLIDATED REAL ESTATE ENTITY — — 1,825 (7) — — — — 1,825 LESS : TOTAL CASH NOI ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 14,999 (8) 3,784 (9) (870) (10) — — — — 17,913 TOTAL COMPANY’S SHARE OF CASH NOI $ 97,004 $ 4,490 $ 1,539 $ 5,343 $ — $ 6,680 $ 4,715 $ 119,771

 
Page 19 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Debt Summary As of March 31, 2022 | Unaudited, in thousands Unsecured revolving credit facility Principal Amount(1) Interest Rate(2)(3) Contractual Maturity Date(4) Annual Debt Service(1) Balance at Maturity Capacity Undrawn Capacity Unsecured revolving credit facility(5) $ 335,000 LIBOR + 1.05% to 1.50% 12/21/2026 $ — $ 335,000 $ 1,000,000 $ 665,000 Unsecured private placement Principal Amount(1) Interest Rate(2) Contractual Maturity Date Annual Debt Service(1) Balance at Maturity Series A notes $ 110,000 4.34% 1/2/2023 $ 4,774 $ 110,000 Series B notes 259,000 4.69% 12/16/2025 12,147 259,000 Series C notes 56,000 4.79% 12/16/2027 2,682 56,000 Series D notes 150,000 3.98% 7/6/2026 5,970 150,000 Series E notes 50,000 3.66% 9/15/2023 1,830 50,000 TOTAL $ 625,000 $ 27,403 $ 625,000 Unsecured registered senior notes Principal Amount(1) Interest Rate(2) Contractual Maturity Date Annual Debt Service(1) Balance at Maturity Issue Price as Percentage of Par Effective Yield 3.95% Registered senior notes—October 2017 $ 400,000 3.95% 11/1/2027 $ 15,800 $ 400,000 99.815 % 3.97% 4.65% Registered senior notes—February 2019 500,000 4.65% 4/1/2029 23,250 500,000 100.427 % 4.61% 3.25% Registered senior notes—October 2019 400,000 3.25% 1/15/2030 13,000 400,000 99.268 % 3.46% TOTAL $ 1,300,000 $ 52,050 $ 1,300,000 Secured notes Principal Amount(1) Interest Rate(2) Contractual Maturity Date(4) Annual Debt Service(1) Balance at Maturity Company’s Share Undrawn Capacity Hollywood Media Portfolio(6)(7)(8) $ 1,100,000 LIBOR + 1.17% 8/9/2026 $ — $ 1,100,000 $ 561,000 $ — Acquired Hollywood Media Portfolio debt(6)(8) (209,814) LIBOR + 1.55% 8/9/2026 — (209,814) (209,814) — Hollywood Media Portfolio, net 890,186 — 890,186 351,186 — One Westside and 10850 Pico(9) 267,234 LIBOR + 1.70% 12/18/2024 — 267,234 200,426 147,366 Element LA 168,000 4.59% 11/6/2025 7,716 168,000 168,000 — 1918 Eighth(10) 314,300 LIBOR + 1.30% 12/18/2025 — 314,300 172,865 — Hill7(11) 101,000 3.38% 11/6/2028 3,414 101,000 55,550 — TOTAL $ 1,740,720 $ 11,130 $ 1,740,720 $ 948,027 $ 147,366

 
Page 20 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Debt Summary (continued) As of March 31, 2022 | Unaudited, in thousands Other consolidated debt Principal Amount(1) Interest Rate(2) Contractual Maturity Date(4) Annual Debt Service(1) Balance at Maturity Company’s Share In-substance defeased debt(12) $ 127,294 4.47% 10/1/2022 $ 9,391 $ 125,489 $ 95,471 Joint venture debt(13)(14) $ 66,136 4.50% 10/9/2032 $ 2,976 $ 66,136 $ — Unconsolidated debt Principal Amount(1) Interest Rate(2) Contractual Maturity Date Annual Debt Service(1) Balance at Maturity Company’s Share Bentall Centre(15) $ 525,816 CDOR + 1.75% 7/1/2024 $ — $ 525,816 $ 105,163 Sunset Glenoaks Studios(16)(17) $ 3,847 LIBOR + 3.00% 1/9/2025 $ — $ 3,847 $ 1,924 (1) See definitions starting on page 53. (2) Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. (3) We have an option to make an irrevocable election to change the interest rate depending on our credit rating or a specified base rate plus an applicable margin. As of March 31, 2022, no such election had been made. (4) Maturity dates include the effect of extension options. (5) Includes the option to extend the initial maturity date of December 21, 2025 twice for an additional six-month term each. (6) We own 51% of the ownership interest in the consolidated joint venture that owns the Hollywood Media Portfolio. The joint venture holds a $1.1 billion mortgage loan secured by the Hollywood Media Portfolio. The Company purchased bonds comprising the loan in the amount of $209.8 million. (7) The effective interest rate on the loan is LIBOR + 1.17% until August 9, 2022, at which time the effective interest rate will decrease to LIBOR + 0.99%. (8) Includes the option to extend the initial maturity date of August 9, 2023 three times for an additional one-year term each. (9) Includes the option to extend the initial maturity date of December 18, 2023 twice for an additional six-month term each. (10) We own 55% of the ownership interest in the consolidated joint venture that owns the 1918 Eighth property. This loan has an initial interest rate of LIBOR plus 1.30% per annum and is interest-only through the five-year term. (11) We own 55% of the ownership interest in the consolidated joint venture that owns Hill7. This loan bears interest only at 3.38% until November 6, 2026, at which time the interest rate will increase and monthly debt service will include principal payments with a balloon payment at maturity. The balance at maturity above excludes principal amortization. (12) We own 75% of the ownership interest in the consolidated joint venture that owns One Westside and 10850 Pico. The joint venture has, in substance, defeased the debt by purchasing U.S. Government securities, which are intended to generate cash flows to fund loan obligations through the early prepayment date of the debt. Monthly debt service includes debt amortization payments based on a ten-year amortization schedule with a balloon payment at maturity. (13) This amount relates to debt attributable to Allianz U.S. Private REIT LP (“Allianz”), our partner in the joint venture that owns Ferry Building. The maturity date may be extended twice for an additional two-year term each. (14) Includes the option to extend the initial maturity date of October 9, 2028 twice for an additional two-year term each. (15) We own 20% of the ownership interest in the unconsolidated real estate investment that owns Bentall Centre. The loan was transacted in CAD. The principal balance is shown in USD using the foreign currency exchange rate as of March 31, 2022. The interest on the full amount has been effectively capped at 5.25% per annum through the use of an interest rate cap. (16) We own 50% of the ownership interest in the unconsolidated real estate investment that owns the Sunset Glenoaks Studios development. This loan has an initial interest rate of LIBOR plus 3.00% per annum and is interest-only through its term. The total capacity of the loan is $94.0 million, as of March 31, 2022 we have $90.2 million undrawn. (17) Subsequent to March 31, 2022, we entered into an amended and restated loan agreement to increase the total capacity of the loan to $100.6 million.

 
Page 21 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Capital Structure As of March 31, 2022 | Unaudited, in thousands, except share data and percentages Shares/Units Aggregate Principal Amount or $ Equivalent Unsecured revolving credit facility $ 335,000 Unsecured private placement 625,000 Unsecured registered senior notes 1,300,000 Secured debt 1,740,720 Total Consolidated unsecured and secured debt(1) $ 4,000,720 Add: Series A preferred units 392,598 9,815 Total Consolidated debt(1) $ 4,010,535 Less: Cash and cash equivalents (137,598) Total Consolidated debt, net(1) $ 3,872,937 Add: Company’s share of unconsolidated real estate entities’ debt(2) 107,087 Less: Partners’ share of consolidated debt(3) (792,694) Less: Company’s share of unconsolidated real estate entities’ cash and cash equivalents (10,644) Add: Partners’ share of cash and cash equivalents 44,214 Company’s share of debt, net(1) $ 3,220,900 EQUITY Series C cumulative redeemable preferred stock 17,000,000 $ 425,000 Common stock 144,559,168 4,011,517 Operating partnership units 1,846,264 51,234 Restricted stock and units 1,176,581 32,650 Dilutive shares(1) 1,002,990 27,833 TOTAL EQUITY 165,585,003 $ 4,548,234 (4) CONSOLIDATED MARKET CAPITALIZATION(1) $ 8,558,769 COMPANY’S SHARE OF MARKET CAPITALIZATION(1) $ 7,873,162 CONSOLIDATED DEBT, NET/CONSOLIDATED MARKET CAPITALIZATION 45.3 % COMPANY’S SHARE OF DEBT, NET/COMPANY’S SHARE OF MARKET CAPITALIZATION 40.9 % (1) See definitions starting on page 53. (2) Amount is calculated based on our percentage ownership interest in the unconsolidated joint venture entities. Amounts denominated in CAD have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (3) Amount is calculated based on the outside partners’ percentage ownership interest in the consolidated joint venture entities. (4) Amount is calculated based on March 31, 2022 closing price of $27.75 per share of common stock.

 
Page 22 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Unsecured and Secured Debt Maturities, Composition and Covenant Compliance Unaudited, in thousands DEBT COMPOSITION Weighted Average Amount % of Total Debt Interest Rate(4) Years to Maturity COMPANY’S SHARE OF SECURED AND UNSECURED DEBT(1) Unsecured debt $2,260,000 68.2% 3.7% 5.5 Secured debt(5) 1,055,113 31.8% 2.1% 3.7 TOTAL $3,315,113 100.0% 4.9 COMPANY’S SHARE OF FLOATING AND FIXED-RATE DEBT Floating-rate debt $815,377 24.6% 1.7% 3.6 Fixed-rate debt(5)(6) 2,499,736 75.4% 3.7% 5.4 TOTAL $3,315,113 100.0% 4.9 Weighted average stated interest rate(4) 3.3% GAAP effective rate including unamortized deferred financing costs and loan discounts/premiums(7) 3.8% DEBT COVENANT COMPLIANCE Covenant Actual Performance UNSECURED REVOLVING CREDIT FACILITY, TERM LOAN AND PRIVATE PLACEMENT(8) Total liabilities to total asset value ≤ 60% 41.8% Unsecured indebtedness to unencumbered asset value ≤ 60% 37.7% Adjusted EBITDA to fixed charges ≥ 1.5x 3.6x Secured indebtedness to total asset value ≤ 45% 19.1% Unencumbered NOI to unsecured interest expense ≥ 2.0x 3.8x UNSECURED REGISTERED SENIOR NOTES(9) Debt to total assets ≤ 60% 43.6% Total unencumbered assets to unsecured debt ≥ 150% 265.2% Consolidated income available for debt service to annual debt service charge ≥ 1.5x 4.5x Secured debt to total assets ≤ 45% 19.6%

 
Page 23 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) Maturity dates include the effect of extension options. Includes the Company’s Share of principal amortization and maturities, based on contractual maturity dates, excluding: (i) in- substance defeased debt related to One Westside and 10850 Pico, (ii) unamortized deferred financing costs and loan discounts/premiums, and (iii) debt due to Allianz, our partner in the joint venture that owns Ferry Building. The Bentall Centre loan was transacted in CAD; the amounts reflected are shown in USD using the foreign currency exchange rate as of March 31, 2022. (2) Includes the option to extend the initial maturity date of December 18, 2023 with respect to the One Westside and 10850 Pico loan twice for an additional six-month term each. (3) Includes the option to extend the initial maturity date of August 9, 2023 with respect to the $351.2 million Hollywood Media Portfolio loan. This loan has an initial term of two years from the first payment date with three one-year extension options, subject to certain requirements. Also, reflected is the extension of the initial maturity date of December 25, 2025 with respect to the unsecured revolving credit facility twice for an additional six-month term each. (4) Rates as of March 31, 2022 include fixed-rate loans and variable-rate loans with effective fixed-rate as a result of derivative instruments on the full principal balance. Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. Interest rate for the unsecured revolving credit facility includes the LIBOR rate as of March 31, 2022. (5) We own 51% of the ownership interest in the consolidated joint venture that owns the Hollywood Media Portfolio. The interest rate on a portion of the outstanding loan balance has been effectively fixed through the use of interest rate swaps under the first payments approach. As of March 31, 2022, the LIBOR component of the interest rate was fixed at 1.76% with respect to $350.0 million and 1.43% with respect to $125.0 million of the loan secured by the Hollywood Media Portfolio, respectively. (6) Includes instruments of fixed-rate debt and effective fixed-rate debt as a result of derivative instruments on the full principal balance. (7) Rates are as of March 31, 2022 and include deferred financing costs and loan discounts/premiums. (8) In November 2015 and July 2016, the operating partnership entered into private placement of debt. In March 2018, the operating partnership entered into an amended and restated credit agreement (the “Facility”), which modified terms related to its unsecured revolving credit facility and term loans. The table summarizes the existing covenants of these agreements and their covenant levels, when considering the most restrictive terms. The covenant and actual performance metrics above represent terms and definitions reflected in the Facility based on the financial results as of March 31, 2022. As of March 31, 2022, the operating partnership was in compliance with both the prior amended and restated credit agreements and the Facility. (9) On October 2017, the operating partnership completed an underwritten public offering of senior notes (the “3.95% Senior Notes”). On February 27, 2019, the operating partnership completed an underwritten public offering of $350.0 million of 4.65% Senior Notes, which were issued at 98.663% of par. On June 14, 2019, the operating partnership completed an underwritten public offering of $150.0 million of additional 4.65% Senior Notes, which were issued at a premium at 103.544% of par. On October 3, 2019, the operating partnership completed an underwritten public offering of $400.0 million of 3.25% Senior Notes, which were issued at 99.268% of par. The covenant and actual performance metrics above represent terms and definitions reflected in the indentures governing the 3.95% Senior Notes, 4.65% Senior Notes and 3.25% Senior Notes based on the financial results as of March 31, 2022. As of March 31, 2022, the operating partnership was in compliance with such indentures. Unsecured and Secured Debt Maturities, Composition and Covenant Compliance (continued)

 
Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Operational and Portfolio Information

 
Page 25 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 In-Service Office Properties(1) Submarket Square Feet(2) Percent Occupied(3) Percent Leased(3) Annualized Base Rent(4) Annualized Base Rent Per Square Foot(4) SAME-STORE(5) Vancouver, British Columbia Bentall Centre(6) Downtown Vancouver 1,503,830 96.1 % 96.6 % $ 44,036,813 $ 30.49 Subtotal 1,503,830 96.1 96.6 44,036,813 30.49 Greater Seattle, Washington Met Park North Denny Triangle 189,511 100.0 100.0 5,683,193 29.99 Hill7(7) Denny Triangle 285,419 99.0 99.0 11,539,370 40.83 1918 Eighth(7) Denny Triangle 668,209 99.6 99.6 20,873,912 31.36 450 Alaskan Pioneer Square 171,026 99.5 99.5 7,104,282 41.75 411 First Pioneer Square 163,668 59.6 59.6 3,723,408 38.17 505 First Pioneer Square 288,495 35.9 35.9 3,596,411 34.71 83 King Pioneer Square 184,055 69.2 69.2 5,570,457 43.76 Subtotal 1,950,383 83.9 83.9 58,091,033 35.50 San Francisco Bay Area, California 1455 Market(7) San Francisco 1,032,175 97.2 97.2 53,924,249 53.76 275 Brannan San Francisco 57,120 100.0 100.0 4,690,232 82.11 625 Second San Francisco 138,354 51.1 56.2 4,939,732 69.89 875 Howard(8) San Francisco 191,201 96.8 96.8 14,707,845 79.43 901 Market San Francisco 206,697 88.3 88.3 12,610,532 69.13 Rincon Center(9) San Francisco 533,273 97.6 97.6 32,742,430 62.94 Ferry Building(7) San Francisco 266,568 97.7 97.7 23,872,844 91.71 Towers at Shore Center Redwood Shores 335,308 94.0 94.5 22,998,087 72.96 Shorebreeze Redwood Shores 230,931 82.1 95.1 12,318,710 64.96 555 Twin Dolphin Redwood Shores 200,623 89.9 89.9 11,575,694 64.16 Palo Alto Square(10) Palo Alto 317,874 86.7 96.8 26,351,522 95.65 3176 Porter Palo Alto 42,899 100.0 100.0 3,346,122 78.00 3400 Hillview Palo Alto 207,857 100.0 100.0 15,339,847 73.80 Clocktower Square Palo Alto 100,655 100.0 100.0 8,961,252 89.03 Foothill Research Center Palo Alto 195,121 93.6 93.6 13,884,866 76.01 Page Mill Center(11) Palo Alto 94,539 82.4 82.4 6,343,494 81.39 Page Mill Hill Palo Alto 178,179 89.4 94.8 12,353,882 77.52 Gateway North San Jose 610,941 79.2 81.8 21,342,465 44.13 1740 Technology North San Jose 206,710 99.6 99.6 8,842,295 42.95 Concourse North San Jose 945,407 87.2 87.5 34,433,289 41.76 Metro Plaza(12) North San Jose 410,310 85.0 85.5 15,358,341 44.06 Skyport Plaza North San Jose 418,667 96.1 96.1 15,716,348 39.07 Techmart Santa Clara 284,853 75.2 77.6 10,702,245 49.97 Subtotal 7,206,262 90.1 91.6 387,356,323 59.68

 
Page 26 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 In-Service Office Properties(1) (continued) Submarket Square Feet(2) Percent Occupied(3) Percent Leased(3) Annualized Base Rent(4) Annualized Base Rent Per Square Foot(4) Los Angeles, California 6040 Sunset(13) Hollywood 114,958 100.0 100.0 6,607,096 57.47 ICON(13) Hollywood 326,792 100.0 100.0 20,582,262 62.98 CUE(13) Hollywood 94,386 100.0 100.0 5,867,379 62.16 EPIC(13) Hollywood 301,127 100.0 100.0 21,211,386 70.44 Fourth & Traction Downtown Los Angeles 131,701 93.5 100.0 5,545,170 45.05 Maxwell Downtown Los Angeles 102,963 100.0 100.0 4,783,165 46.46 604 Arizona West Los Angeles 44,260 100.0 100.0 3,238,742 73.18 3401 Exposition West Los Angeles 63,376 100.0 100.0 3,133,368 49.44 10850 Pico(14) West Los Angeles 44,913 100.0 100.0 1,940,536 43.21 10900 Washington West Los Angeles 9,919 100.0 100.0 499,918 50.40 10950 Washington West Los Angeles 159,198 100.0 100.0 7,947,425 49.92 11601 Wilshire West Los Angeles 498,129 90.9 95.4 21,687,429 47.89 Element LA West Los Angeles 284,037 100.0 100.0 17,864,002 62.89 Subtotal 2,175,759 97.5 99.0 120,907,878 56.98 Total same-store 12,836,234 91.1 92.2 610,392,047 52.20 NON-SAME-STORE Greater Seattle, Washington 5th & Bell Denny Triangle 197,136 99.0 99.0 7,004,205 35.87 Subtotal 197,136 99.0 99.0 7,004,205 35.87 Los Angeles, California Harlow(13) Hollywood 129,931 100.0 100.0 7,760,741 59.73 One Westside(15) West Los Angeles 584,000 100.0 100.0 36,211,200 62.01 Subtotal 713,931 100.0 100.0 43,971,941 61.59 Total non-same-store 911,067 99.8 99.8 50,976,146 56.07 Total Stabilized 13,747,301 91.7 92.7 661,368,193 52.48 LEASE-UP San Francisco Bay Area, California Metro Center Foster City 726,078 80.6 83.7 35,704,540 60.98 333 Twin Dolphin Redwood Shores 183,118 91.8 97.1 10,553,187 62.79 Subtotal 909,196 82.9 86.4 46,257,727 61.39 Total lease-up 909,196 82.9 86.4 46,257,727 61.39 TOTAL IN-SERVICE 14,656,497 91.1 % 92.3 % $ 707,625,920 $ 52.98 (16)

 
Page 27 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) In-service office excludes the land, repositioning, redevelopment, development and held for sale properties described on pages 31 and 32. We define lease-up properties as office properties that have not yet reached 92.0% occupancy since the date acquired or placed under redevelopment or development. (2) Square footage for office properties determined by management based upon estimated leasable square feet, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. (3) Percent occupied for office properties is calculated as (i) square footage under commenced leases as of March 31, 2022, divided by (ii) total square feet, expressed as a percentage. Percent leased for office properties includes uncommenced leases. (4) Rent data for our office properties is presented on an annualized basis. Annualized base rent for office properties is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements or deferments)) under commenced leases as of March 31, 2022, by (ii) 12. Annualized base rent per square foot for the office properties is calculated as (i) annualized base rent divided by (ii) square footage under commenced leases as of March 31, 2022. Annualized base rent does not reflect tenant reimbursements. (5) Defined as all properties owned and included in our stabilized office portfolio as of January 1, 2021 and still owned and included in the stabilized office portfolio as of March 31, 2022. (6) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. Annualized base rent and rental rates have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (7) We own 55% of the ownership interest in the consolidated joint ventures that own Hill7, 1455 Market, Ferry Building and 1918 Eighth. (8) 96,240 square feet at 875 Howard previously occupied by Burlington Coat Factory was taken off-line for repositioning as of first quarter 2022 for the purposes of conversion to a combination of office and ground floor retail space. (9) 20,047 square feet at Rincon Center was taken off-line for repositioning as of third quarter 2019. An additional 1,935 square feet was taken off-line for repositioning as of third quarter 2020, and an additional 14,923 square feet was taken off-line for repositioning as of fourth quarter 2020. The total repositioning space was re-measured during fourth quarter 2020 to 36,905 square feet. (10) 12,740 square feet at Palo Alto Square was taken off-line for repositioning as of second quarter 2021. (11) 63,201 square feet at Page Mill Center was taken off-line for repositioning as of first quarter 2020. This space was re-measured during second quarter 2020 to 64,038 square feet. An additional 15,018 square feet was take off-line for repositioning as of third quarter 2020. (12) 17,624 square feet at Metro Plaza was taken off-line for repositioning as of fourth quarter 2019. An additional 30,851 square feet was taken off-line for repositioning as of first quarter 2020. The total repositioning space was re-measured during third quarter 2020 to 61,066 square feet. (13) We own 51% of the ownership interest in the consolidated joint venture that owns 6040 Sunset, ICON, CUE, EPIC and Harlow. (14) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico. 40,337 square feet at 10850 Pico was taken off-line for repositioning as of first quarter 2020. An additional 10,737 square feet was taken off-line for repositioning as of first quarter 2021. The total repositioning space was re-measured during first quarter 2021 to 51,409 square feet. (15) The entire premises was delivered for construction of tenant improvements to Google, Inc. during fourth quarter 2021. Monthly base rent payments are anticipated to commence during third quarter 2022 with base rent abatements from the second through ninth month following rent commencement. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. Please see page 36 for estimated yield and project costs. (16) Included as part of total in-service occupied and leased square footage is 48,865 square feet of existing leases that have been amended or signed as of first quarter 2022 to pay percent rent in lieu of base rent. Excluding the impact of these tenants, the annualized base rent per square foot is $53.18. In-Service Office Properties(1) (continued)

 
Page 28 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 In-Service Office Properties by Location(1) For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 27. (5) Annualized base rent and rental rates have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. Properties Square Feet(2) Occupied Square Feet Percent Occupied(3) Leased Square Feet Percent Leased(3) Annualized Base Rent(4) Annualized Base Rent Per Square Foot(4) STABILIZED Vancouver, British Columbia Downtown Vancouver(5) 1 1,503,830 1,444,492 96.1 % 1,453,126 96.6 % $ 44,036,813 $ 30.49 Subtotal 1 1,503,830 1,444,492 96.1 1,453,126 96.6 44,036,813 30.49 Greater Seattle, Washington Denny Triangle 4 1,340,275 1,332,998 99.5 1,332,998 99.5 45,100,680 33.83 Pioneer Square 4 807,244 498,650 61.8 498,650 61.8 19,994,558 40.10 Subtotal 8 2,147,519 1,831,648 85.3 1,831,648 85.3 65,095,238 35.54 San Francisco Bay Area, California San Francisco 7 2,425,388 2,278,962 94.0 2,286,058 94.3 147,487,864 64.72 Redwood Shores 3 766,862 685,264 89.4 716,673 93.5 46,892,491 68.43 Palo Alto 7 1,137,124 1,046,869 92.1 1,088,469 95.7 86,580,985 82.70 North San Jose 5 2,592,035 2,264,829 87.4 2,285,762 88.2 95,692,738 42.25 Santa Clara 1 284,853 214,170 75.2 221,029 77.6 10,702,245 49.97 Subtotal 23 7,206,262 6,490,094 90.1 6,597,991 91.6 387,356,323 59.68 Los Angeles, California Hollywood 5 967,194 967,194 100.0 967,194 100.0 62,028,864 64.13 West Los Angeles 8 1,687,832 1,642,538 97.3 1,665,076 98.7 92,522,620 56.33 Downtown Los Angeles 2 234,664 226,060 96.3 234,664 100.0 10,328,335 45.69 Subtotal 15 2,889,690 2,835,792 98.1 2,866,934 99.2 164,879,819 58.14 Total Stabilized 47 13,747,301 12,602,026 91.7 12,749,699 92.7 661,368,193 52.48

 
Page 29 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 In-Service Office Properties by Location(1) (continued) Properties Square Feet(2) Occupied Square Feet Percent Occupied(3) Leased Square Feet Percent Leased(3) Annualized Base Rent(4) Annualized Base Rent Per Square Foot(4) LEASE-UP San Francisco Bay Area, California Foster City 1 726,078 585,469 80.6 607,693 83.7 35,704,540 60.98 Redwood Shores 1 183,118 168,074 91.8 177,760 97.1 10,553,187 62.79 Subtotal 2 909,196 753,543 82.9 785,453 86.4 46,257,727 61.39 Total Lease-up 2 909,196 753,543 82.9 785,453 86.4 46,257,727 61.39 TOTAL IN-SERVICE 49 14,656,497 13,355,569 91.1 % $ 13,535,152 92.3 % $ 707,625,920 $ 52.98 (6) For footnotes (1), (2), (3) and (4) above refer to the descriptions on page 27. (6) Included as part of total in-service occupied and leased square footage is 48,865 square feet of existing leases that have been amended or signed as of first quarter 2022 to pay percent rent in lieu of base rent. Excluding the impact of these tenants, the annualized base rent per square foot is $53.18.

 
Page 30 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) Percent leased for same-store studio is the average percent leased for the 12 months ended March 31, 2022. (2) Annual base rent for same-store studio reflects actual base rent for the 12 months ended March 31, 2022, excluding tenant reimbursements. (3) Annual base rent per leased square foot for same-store studio calculated as (i) annual base rent divided by (ii) square footage under lease as of March 31, 2022. (4) 18,594 square feet located at Sunset Las Palmas Studios was taken off-line for repositioning. (5) Same-store studio defined as all studios owned and included in our portfolio as of January 1, 2021 and still owned and included in our portfolio as of March 31, 2022. We own 51% of the ownership interest in the consolidated joint venture that owns Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios. (6) Does not include 241,000 square feet related to Sunset Glenoaks Studios which is under construction as of first quarter 2022. We own 50% of the ownership interest in the unconsolidated joint venture that owns Sunset Glenoaks Studios. See page 34 for more information. Square Feet Percent of Total Percent Leased(1) Annual Base Rent(2) Annual Base Rent Per Leased Square Foot(3) Sunset Gower Studios 531,756 44.1 % 82.5 % $ 19,074,857 $ 43.48 Sunset Bronson Studios 308,026 25.5 89.3 10,333,081 37.56 Sunset Las Palmas Studios(4) 366,027 30.4 82.0 14,807,775 50.31 Total same-store studio(5) 1,205,809 100.0 % 84.1 % $ 44,215,713 $ 43.61 TOTAL STUDIO(6) 1,205,809 100.0 % Studio Properties

 
Page 31 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Land Properties (1) Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals that have not yet been obtained. (2) We own 35% of the of the ownership interest in the unconsolidated joint venture that owns Sunset Waltham Cross Studios—Development. (3) We own 20% of the ownership interest in the unconsolidated joint venture that owns Burrard Exchange. The construction of Burrard Exchange may require the demolition of certain retail square footage. (4) The final purchase of Washington 1000 is pending as of March 31, 2022. Square footage represents condominium rights to build a fully entitled 16-story office tower. (5) Square footage for Sunset Bronson Studios Lot D—Development represents management’s estimate of developable square footage for 33 residential units. (6) We own 51% of the ownership interest in the consolidated joint venture that owns Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios. (7) Estimated square footage for Sunset Gower Studios—Development is net of 130,169 square feet of anticipated demolition in connection with the development. Submarket Square Feet(1) Percent of Total Greater London, UK Sunset Waltham Cross Studios—Development(2) Broxbourne 1,100,000 27.1 % Subtotal 1,100,000 27.1 % Vancouver, British Columbia Burrard Exchange(3) Downtown Vancouver 450,000 11.1 % Subtotal 450,000 11.1 % Greater Seattle, Washington Washington 1000(4) Denny Triangle 546,000 13.4 % Subtotal 546,000 13.4 % San Francisco Bay Area, California Cloud10 North San Jose 350,000 8.6 % Subtotal 350,000 8.6 % Los Angeles, California Sunset Bronson Studios Lot D—Development(5)(6) Hollywood 19,816 0.5 % Sunset Gower Studios—Development(6)(7) Hollywood 478,845 11.8 % Sunset Las Palmas Studios—Development(6) Hollywood 617,581 15.2 % Element LA—Development West Los Angeles 500,000 12.3 % Subtotal 1,616,242 39.8 % TOTAL LAND 4,062,242 100.0 %

 
Page 32 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Repositioning, Redevelopment, Development and Held For Sale Properties(1) Estimated Square Feet(2) Occupied Square Feet Percent Occupied(3) Leased Square Feet Percent Leased(3) Annualized Base Rent(4) Annualized Base Rent Per Square Foot(4)Submarket REPOSITIONING(5) Greater Seattle, Washington 95 Jackson(6) Pioneer Square 35,905 — — % — — % $ — $ — Subtotal 35,905 — — — — — — San Francisco Bay Area, California 875 Howard(7) San Francisco 96,240 — — — — — — Rincon Center(8) San Francisco 36,905 — — — — — — Page Mill Center(9) Palo Alto 79,056 — — — — — — Palo Alto Square(10) Palo Alto 12,740 — — — — — — Metro Plaza(11) North San Jose 61,066 — — 10,219 16.7 — — Subtotal 286,007 — — 10,219 3.6 — — Los Angeles, California 10850 Pico(12) West Los Angeles 51,409 — — — — — — Sunset Las Palmas Studios(13) Hollywood 18,594 — — — — 6,000 — Subtotal 70,003 — — — — 6,000 — Total repositioning 391,915 — — 10,219 2.6 6,000 — DEVELOPMENT Los Angeles, California Sunset Glenoaks Studios(14) Los Angeles 241,000 — — — — — — Subtotal 241,000 — — — — — — Total development 241,000 — — — — — — HELD-FOR-SALE Greater Seattle, Washington Northview Center Lynnwood 179,985 125,083 69.5 127,072 70.6 2,965,371 23.71 Subtotal 179,985 125,083 69.5 127,072 70.6 2,965,371 23.71 San Francisco Bay Area, California Skyway Landing Redwood Shores 246,997 159,305 64.5 159,305 64.5 9,308,763 58.43 Subtotal 246,997 159,305 64.5 159,305 64.5 9,308,763 58.43 Los Angeles, California 6922 Hollywood Hollywood 205,189 147,388 71.8 147,388 71.8 7,795,314 52.89 Del Amo Torrance 113,000 — — — — — — Subtotal 318,189 147,388 46.3 147,388 46.3 7,795,314 52.89 Total held-for-sale 745,171 431,776 57.9 433,765 58.2 20,069,448 46.48 TOTAL REPOSITIONING, REDEVELOPMENT, DEVELOPMENT AND HELD-FOR-SALE 1,378,086 431,776 31.3 % 443,984 32.2 % $ 20,075,448 $ 46.50

 
Page 33 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) Excludes in-service office, studio and land properties with exception of land properties held for sale (see pages 26, 30 and 31). (2) Square footage determined by management based upon estimated leasable square footage, which may be less or more than the Building Owners and Managers Association, or BOMA, rentable area. Square footage may change over time due to re-measurement or re-leasing. (3) Percent occupied for office properties is calculated as (i) square footage under commenced leases as of March 31, 2022, divided by (ii) total square feet, expressed as a percentage. Percent leased for office properties includes uncommenced leases. Percent leased for studio properties is the average percent leased for the 12 months ended March 31, 2022. (4) Rent data for our office properties is presented on an annualized basis. Annualized base rent for office properties is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements or deferments)) under commenced leases as of March 31, 2022, by (ii) 12. Annualized base rent per square foot for office properties is calculated as (i) annualized base rent divided by (ii) square footage under commenced lease as of March 31, 2022. Annualized base rent does not reflect tenant reimbursements. Annual base rent for studio properties reflects actual base rent for the 12 months ended March 31, 2022, excluding tenant reimbursements. (5) Reclassification of a portion of an asset for purposes of improving its quality and value through investment of significant capital, resulting in substantial down time in occupancy. (6) 35,905 square feet at 95 Jackson was taken off-line for repositioning as of first quarter 2021. (7) 96,240 square feet at 875 Howard previously occupied by Burlington Coat Factory was taken off-line for repositioning as of first quarter 2022 for the purposes of conversion to a combination of office and ground floor retail space. (8) 20,047 square feet at Rincon Center was taken off-line for repositioning as of third quarter 2019. An additional 1,935 square feet was taken off-line for repositioning as of third quarter 2020, and an additional 14,923 square feet was taken off-line for repositioning as of fourth quarter 2020. The total repositioning space was re-measured during fourth quarter 2020 to 36,905 square feet. (9) 63,201 square feet at Page Mill Center was taken off-line for repositioning as of first quarter 2020. This space was re-measured during second quarter 2020 to 64,038 square feet. An additional 15,018 square feet was take off-line for repositioning as of third quarter 2020. (10) 12,740 square feet at Palo Alto Square was taken off-line for repositioning as of second quarter 2021. (11) 17,624 square feet at Metro Plaza was taken off-line for repositioning as of fourth quarter 2019. An additional 30,851 square feet was taken off-line for repositioning as of first quarter 2020. The total repositioning space was re-measured during third quarter 2020 to 61,066 square feet. (12) We own 75% of the ownership interest in the consolidated joint venture that owns 10850 Pico. 40,337 square feet at 10850 Pico was taken off-line for repositioning as of first quarter 2020. An additional 10,737 square feet was taken off-line for repositioning as of first quarter 2021. The total repositioning space was re-measured during first quarter 2021 to 51,409 square feet. (13) We own 51% of the ownership interest in the consolidated joint venture that owns Sunset Las Palmas Studios. (14) We own 50% of the ownership interest in the unconsolidated joint venture that owns Sunset Glenoaks Studios. Repositioning, Redevelopment, Development and Held For Sale Properties(1) (continued)

 
Page 34 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Under Construction and Future Development Projects Unaudited, in thousands, except square feet (1) Project costs exclude interest costs capitalized in accordance with Accounting Standards Codification (“ASC”) 835-20-50-1, personnel costs capitalized in accordance with ASC 970-360-25 and operating expenses capitalized in accordance with ASC 970-340. (2) Based on issuance of building permit or equivalent. (3) Based on receipt of a temporary certificate of occupancy or equivalent. (4) Based on management’s estimate of stabilized occupancy (92.0%). Occupancy for stabilization purposes defined as the commencement of base rental payments (defined as cash base rents (after abatements)). Estimated Construction Period Project Costs(1) Submarket Start Date(2) Estimated Completion Date(3) Estimated Stabilization Date(4) Estimated Square Feet(5) Total % Leased Project Costs as of 3/31/22 Total Estimated Project Costs Estimated Initial Stabilized Yield on Project Costs(6) UNDER CONSTRUCTION Sunset Glenoaks Studios(7) Los Angeles Q4-2021 Q3-2023 Q2-2024 241,000 —% $ 40,388 (8) $180,000- $200,000 (8) 7.50%-8.00% Total under construction 241,000 $ 40,388 FUTURE DEVELOPMENT PIPELINE Washington 1000 Denny Triangle Q2-2022 Q1-2024 Q1-2026 546,000 N/A $ 46,003 (9) $340,000- $360,000 (9) 7.50%-8.00% Burrard Exchange(10) Downtown Vancouver TBD TBD TBD 450,000 N/A $ 3,885 TBD TBD Sunset Waltham Cross Studios— Development(11) Broxbourne TBD TBD TBD 1,100,000 N/A $ 181,423 (11) TBD TBD Sunset Gower Studios— Development(12)(13) Hollywood TBD TBD TBD 478,845 N/A $ 7,704 TBD TBD Sunset Las Palmas Studios—Development(12) Hollywood TBD TBD TBD 617,581 N/A $ 23,540 (14) TBD TBD Cloud10 North San Jose TBD TBD TBD 350,000 N/A $ 12,892 (15) TBD TBD Element LA—Development West Los Angeles TBD TBD TBD 500,000 N/A N/A TBD TBD Sunset Bronson Studios Lot D—Development(12) Hollywood TBD TBD TBD 19,816 N/A N/A TBD TBD Total future development 4,062,242 TOTAL 4,303,242

 
Page 35 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (5) Square footage for office properties determined by management based upon estimated leasable square footage, which may be less or more than the Building Owners and Managers Association (BOMA) rentable area. Square footage may change over time due to re-measurement or re-leasing. Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals not yet obtained. (6) Estimated initial stabilized yield on project costs calculated as the quotient of the estimated NOI and our investment in the property once the project has reached stabilization and initial rental concessions, if any, have elapsed. Our estimated initial stabilized yield excludes the impact of leverage. Our cash rents related to our value creation projects are expected to increase over time and our average cash yields are expected, in general, to be greater than our estimated initial stabilized yields on a cash basis. Our estimates for initial cash yields and total costs at completion represent our current estimates, which may be updated upon completion of the project or sooner if there are significant changes to the expected project yields or costs. We caution against placing undue reliance on the estimated initial stabilized yields because they are based solely on our estimates, using data available to us throughout the development process. The amount of total investment required to reach stabilized occupancy may differ substantially from our estimates due to various factors. We can provide no assurance that the actual initial stabilized yields will be consistent with the estimated initial stabilized yields set forth herein. (7) We own 50% of the ownership interest in the unconsolidated joint venture that owns Sunset Glenoaks Studios. (8) Total estimated project costs for Sunset Glenoaks Studios include $28.8 million for land and acquisition costs. (9) Total estimated project costs for Washington 1000 include $86.0 million for management’s estimate of allocated land and acquisition costs. As of March 31, 2022 we have incurred $46.0 million of project costs with the remaining $65.5 million of land and acquisition costs due upon the deliverance of the podium by the State of Washington, which is anticipated to occur during second quarter 2022. The Company could commence construction upon delivery of the podium. (10) We own 20% of the ownership interest in the unconsolidated joint venture that owns Burrard Exchange. Amounts reflected have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (11) We own 35% of the ownership interest in the unconsolidated joint venture that owns Sunset Waltham Cross Studios—Development. Project costs as of March 31, 2022 for Sunset Waltham Cross Studios—Development includes $170.5 million for land and acquisition costs. Amounts reflected have been converted from GBP to USD using the foreign currency exchange rate as of March 31, 2022. (12) We own 51% of the ownership interest in the consolidated joint venture that owns Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios. (13) Estimated square footage for Sunset Gower Studios—Development is net of 130,169 square feet of anticipated demolition in connection with the development. (14) Project costs as of March 31, 2022 for Sunset Las Palmas Studios—Development include $20.8 million for management’s estimate of allocated land and acquisition costs. (15) Project costs as of March 31, 2022 for Cloud10 $10.5 million for management’s estimate of allocated land and acquisition costs. Under Construction and Future Development Projects (continued)

 
Page 36 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Recently Completed, Under Construction and Planned Project Images (1) Google, Inc. signed a 584,000-square-foot lease for approximately 14.3 years which has commenced effective 11/30/2021 with an estimated stabilization date of second quarter 2023. Total projects costs for One Westside as of March 31, 2022 are $409.7 million, with each partner contributing its pro rata share. Estimated yields at stabilization will range between 8.00% - 8.25% based on total estimated project costs in the range of $500.0 - $525.0 million. We own 75% of the ownership interest in the consolidated joint venture that owns One Westside. (2) Square footage for office properties determined by management based upon estimated leasable square footage, which may be less or more than the Building Owners and Managers Association (BOMA) rentable area. Square footage may change over time due to re-measurement or re-leasing. Square footage for land properties represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals not yet obtained. Recently Completed Under Construction Planned Sunset Waltham Cross Studios | Development (Broxbourne) 1,100,000(2) SF | Completion TBD Single or Multi-Tenant EPIC | Development Los Angeles (Hollywood) 301,127 SF | Completed 4Q19 Single Tenant (Netflix, Inc.) Harlow | Development Los Angeles (Hollywood) 129,931 SF | Completed 3Q20 Single Tenant (Company 3 Method, Inc.) One Westside(1) | Redevelopment Los Angeles (West Los Angeles) 584,000 SF | Completed 4Q21 Single Tenant (Google, Inc.) Cloud10 | Development Silicon Valley (North San Jose) 350,000(2) SF | Completion TBD Single Tenant (Build-to-Suit) Sunset Gower Studios | Development Los Angeles (Hollywood) 478,845(2) SF | Completion TBD Single or Multi-Tenant Washington 1000 | Development Seattle (Denny Triangle) 546,000(2) SF | Completion 1Q24 Single or Multi-Tenant Burrard Exchange Vancouver (Downtown) 450,0002) SF | Completion TBD Single or Multi-Tenant Sunset Glenoaks Studios | Development Los Angeles (Los Angeles) 241,000(2) SF | Completion 3Q23 Single or Multi-Tenant

 
Page 37 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Office Tenant Industry Diversification(1) INDUSTRY DIVERSIFICATION Company’s Share Industry Square Feet(2)(3) Annualized Base Rent as Percent of Total Square Feet(2)(4) Annualized Base Rent as Percent of Total Technology 5,104,329 39.3 % 4,405,595 41.1 % Media and Entertainment 1,915,860 16.0 1,370,593 13.7 Legal 747,098 7.1 683,304 8.3 Business Services 1,133,992 (5) 7.9 849,683 (6) 7.7 Financial Services 1,119,120 7.7 801,005 7.3 Retail 1,372,280 (7) 7.1 1,053,613 (8) 6.7 Other 845,032 5.9 663,595 6.3 Real Estate 499,189 2.9 266,597 2.2 Healthcare 221,340 1.8 211,064 2.2 Insurance 246,653 1.6 192,670 1.6 Educational 112,763 1.0 107,741 1.2 Government 204,526 1.1 161,145 1.1 Advertising 60,075 0.6 55,656 0.6 TOTAL 13,582,257 100.0 % 10,822,261 100.0 % (1) Industries and sectors are determined by management using Thompson Reuters Business Classification and are presented in order of Company’s Share of annualized base rent. (2) Excludes signed leases not commenced. (3) Excludes 205,088 square feet occupied by the Company. (4) Excludes 183,112 square feet occupied by the Company. (5) Includes 493,608 square feet occupied by co-working tenants (represents 3.4% of total annualized base rent). (6) Includes 298,752 square feet occupied by co-working tenants (represents 2.6% of the Company’s Share of total annualized base rent). (7) Includes 349,243 square feet of storefront retail (represents 2.1% of total annualized base rent). (8) Includes 303,529 square feet of storefront retail (represents 2.1% of the Company’s Share of total annualized base rent). TECHNOLOGY DIVERSIFICATION Company’s Share Sector Square Feet(2) Annualized Base Rent as Percent of Total Square Feet(2) Annualized Base Rent as Percent of Total Online services 1,640,118 38.8 % 1,408,467 39.0 % Software 1,282,550 23.2 1,222,688 25.4 Computer hardware and technology equipment 948,464 14.5 913,567 16.3 Business support services 716,094 13.6 502,038 11.3 Other 423,048 7.9 272,263 5.9 Biotechnology, healthcare and medical research 71,849 1.6 71,849 1.8 Telecommunications and networking 22,206 0.4 14,723 0.3 TOTAL 5,104,329 100.0 % 4,405,595 100.0 % MEDIA AND ENTERTAINMENT DIVERSIFICATION Company’s Share Sector Square Feet(2) Annualized Base Rent as Percent of Total Square Feet(2) Annualized Base Rent as Percent of Total Entertainment production and service 1,394,662 72.5 % 870,237 62.4 % Gaming 371,390 20.9 361,608 28.9 Advertising and marketing 104,321 4.8 104,321 6.8 Other 45,487 1.8 34,427 1.9 TOTAL 1,915,860 100.0 % 1,370,593 100.0 %

 
Page 38 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Company’s Share Tenant(1) Property Lease Expiration Total Occupied Square Feet Total Occupied Square Feet Percent of Rentable Square Feet Annualized Base Rent(2) Percent of Annualized Base Rent 1 Google, Inc. Various Various 1,224,726 (3) 1,060,117 8.2% $ 76,716,318 12.7% 2 Netflix, Inc. Various 9/30/2031 722,305 (4) 368,376 2.9 24,307,123 4.0 3 Amazon Various Various 938,200 (5) 665,247 5.2 21,991,951 3.6 4 Nutanix, Inc. Various 5/31/2024 439,406 (6) 439,406 3.4 18,490,620 3.1 5 Riot Games, Inc. Element LA 3/31/2030 284,037 (7) 284,037 2.2 17,864,002 3.0 6 Qualcomm Skyport Plaza 7/31/2022 376,817 376,817 2.9 14,940,041 2.5 7 Salesforce.com Rincon Center Various 265,394 (8) 265,394 2.1 14,437,487 2.4 8 Block, Inc. (Formerly Square, Inc.) 1455 Market(9) 9/27/2023 469,056 257,981 2.0 13,338,551 2.2 9 Uber Technologies, Inc. 1455 Market(9) 2/28/2025 325,445 178,995 1.4 9,866,703 1.6 10 Dell EMC Corporation Various Various 172,975 (10) 172,975 1.3 9,746,873 1.6 11 NFL Enterprises Various 12/31/2022 167,606 (11) 167,606 1.3 8,447,342 1.4 12 Company 3 Method, Inc. Various Various 193,307 (12) 129,641 1.0 7,091,346 1.2 13 WeWork Companies, Inc. Various Various 318,208 (13) 146,743 1.1 7,058,854 1.2 14 Github, Inc. Various 6/30/2025 92,450 (14) 92,450 0.7 6,679,300 1.1 15 Weil, Gotshal & Manges LLP Towers at Shore Center 8/31/2026 76,278 76,278 0.6 5,747,762 1.0 TOTAL 6,066,210 4,682,063 36.3% $ 256,724,273 42.6% (1) Presented in order of Company’s Share of annualized base rent. (2) Annualized base rent is calculated by multiplying (i) base rental payments (defined as cash base rents (before abatements or deferments)) under commenced leases as of March 31, 2022, by (ii) 12. Annualized base rent does not reflect tenant reimbursements. Annualized base rents related to Bentall Centre have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (3) Google, Inc. expirations by square footage and property: (i) 182,672 square feet at Foothill Research Center expiring on February 28, 2025, (ii) 208,843 square feet at Rincon Center expiring on February 29, 2028, (iii) 207,857 square feet at 3400 Hillview expiring on November 30, 2028, (iv) 41,354 square feet at Ferry Building expiring on October 31, 2029 and (v) 584,000 square feet at One Westside expiring on November 30, 2036. We own 55% of the ownership interest in the consolidated joint venture that owns Ferry Building and 75% of the ownership interest in the consolidated joint venture that owns One Westside. Google, Inc. may elect to exercise its early termination right at Rincon Center for 166,460 square feet effective April 15, 2025 by delivering written notice on or before January 15, 2024. Google, Inc. may elect to exercise its early termination right at 3400 Hillview for 207,857 square feet effective no earlier than February 1, 2025 and no later than February 1, 2027 by delivering written notice at least 12 months prior to the early termination date. (4) Netflix, Inc. expirations by square footage and property: (i) 326,792 square feet at ICON, (ii) 301,127 square feet at EPIC and (iii) 94,386 square feet at CUE. We own 51% of the ownership interest in the consolidated joint venture that owns ICON, EPIC and CUE. Fifteen Largest Office Tenants

 
Page 39 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (5) Amazon expirations by square footage and property: (i) 139,824 square feet at Met Park North expiring on November 30, 2023, (ii) 606,562 square feet at 1918 Eighth expiring on September 30, 2030 and (iii) 191,814 square feet at 5th & Bell expiring on May 31, 2031. At 1918 Eighth, Amazon is expected to take possession an additional 52,588 square feet during second quarter 2022. We own 55% of the ownership interest in the consolidated joint venture that owns 1918 Eighth. (6) Nutanix, Inc. expirations by square footage and property: (i) 199,445 square feet at 1740 Technology, (ii) 131,351 square feet at Concourse and (iii) 108,610 square feet at Metro Plaza. At 1740 Technology, Nutanix, Inc. is expected to take possession of an additional 6,413 square feet during second quarter 2022. All leases for Nutanix, Inc. will expire on May 31, 2024. (7) Riot Games, Inc. may elect to exercise its early termination right for the entire premises effective February 28, 2025 by delivering written notice on or before February 29, 2024. (8) Salesforce.com expirations by square footage: (i) 83,016 square feet expiring on July 31, 2025, (ii) 83,372 square feet expiring on April 30, 2027, (iii) 93,028 square feet expiring on October 31, 2028 and (iv) 5,978 square feet of month-to-month storage space. Salesforce.com subleased 259,416 square feet at Rincon Center to Twilio Inc. during third quarter 2018. Effective January 30, 2019, we entered into an agreement to reimburse Salesforce.com approximately $6.3 million for costs incurred in connection with the sublease. We are entitled to recoup this cost from amounts paid pursuant to the sublease commencing February 1, 2019, of which we have been fully reimbursed as of March 31, 2020. Thereafter, Salesforce.com has paid us 50% of any amounts received pursuant to the sublease, such that we began receiving an average of $340,000 per month of sublease cash rents starting June 2020, with annual growth thereafter. (9) We own 55% of the ownership interest in the consolidated joint venture that owns 1455 Market. (10) Dell EMC Corporation expirations by square footage and property: (i) 42,954 square feet at 505 First expiring on December 31, 2023, (ii) 83,549 square feet at 875 Howard expiring on June 30, 2026 and (iii) 46,472 square feet at 505 First expiring on January 31, 2027. Dell EMC Corporation may elect to exercise its early termination right at 505 First for 46,472 square feet effective January 31, 2025 by delivering written notice on or before January 31, 2024. (11) NFL Enterprises by square footage and property: (i) 157,687 square feet at 10950 Washington and (ii) 9,919 square feet at 10900 Washington. NFL Enterprises elected to exercise its early termination right for the entire premises effective December 31, 2022. (12) Company 3 Method, Inc. expirations by square footage and property: (i) 63,376 square feet at 3401 Exposition expiring on September 30, 2026, (ii) 59,646 square feet at Harlow expiring on October 31, 2032 and (iii) 70,285 square feet at Harlow expiring on March 31, 2033. Company 3 Method, Inc. may elect to exercise its early termination right at Harlow for 59,646 square feet effective November 30, 2029, December 31, 2029, January 31, 2030 or February 28, 2030 by delivering written notice on or before November 1, 2028. We own 51% of the ownership interest in the consolidated joint venture that owns Harlow. (13) WeWork Companies Inc. expirations by square footage and property: (i) 54,336 square feet at Hill7 expiring January 31, 2030, (ii) 51,205 square feet at Maxwell expiring June 30, 2031, (iii) 66,056 square feet at 1455 Market expiring October 31, 2031 and (iv) 146,611 square feet at Bentall Centre expiring October 31, 2033. We own 55% of the ownership interest in the consolidated joint ventures that own Hill7 and 1455 Market, and 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. (14) GitHub Inc. expirations by square footage and property: (i) 57,120 square feet at 275 Brannan and (ii) 35,330 square feet at 625 Second. Fifteen Largest Office Tenants (continued)

 
Page 40 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Office Property Leasing Activity(1) Three Months Ended March 31, 2022 Total gross leasing activity Rentable square feet 503,585 Gross new leasing activity Rentable square feet 243,366 New cash rate(2) $56.54 Gross renewal leasing activity Rentable square feet 260,219 Renewal cash rate(3) $48.37 Total leases expired and terminated Contractual (scheduled) expiration 256,685 Early termination 129,238 Total 385,923 Net absorption Leased rentable square feet (142,557) Cash rent growth(4) Expiring rate $45.89 New/renewal rate(5) $48.55 Change(4) 5.8 % Straight-line rent growth(6) Expiring rate $42.22 New/renewal rate(5) $47.28 Change(6) 12.0 % Weighted average lease terms New (in months) 93.3 Renewal (in months) 57.3 Blended 75.1 TENANT IMPROVEMENTS AND LEASING COMMISSIONS(7) Per Square Foot Three Months Ended March 31, 2022 Total Annual New leases $94.31 $12.13 Renewal leases $19.23 $4.03 Blended $56.44 $9.02 NET EFFECTIVE RENT(8) Per Square Foot Three Months Ended March 31, 2022 Total New leases $41.80 Renewal leases $41.64 Blended $41.72

 
Page 41 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) Represents 100% share of consolidated and unconsolidated joint ventures. (2) Excludes the impact of 733 square feet related to tenants paying percentage rent in lieu of base rent for the three months ended March 31, 2022. (3) Excludes the impact of 13,346 square feet related to tenants paying percentage rent in lieu of base rent for the three months ended March 31, 2022. (4) Represents a comparison between initial stabilized cash rents on new and renewal leases as compared to the expiring cash rents in the same space. New leases are only included if the same space was leased within the previous twelve months. Excludes tenants paying percentage rent in lieu of base rent. (5) The new rates being compared to expiring rates for the three months ended March 31, 2022 are calculated using the weighted average starting rates for 101,438 square feet of new leases. The renewal rates are a weighted average calculation of the total executed renewals for the period indicated. (6) Represents a comparison between initial straight-line rents on new and renewal leases as compared to the straight-line rents on expiring leases in the same space. New leases are only included if the same space was leased within the previous twelve months. Excludes tenants paying percentage rent in lieu of base rent. (7) Represents per-square-foot weighted average lease transaction costs based on the leases executed in the current quarter. (8) Represents the weighted average initial annual cash rent, net of the annualized concessions (i.e. free rent), tenant improvements and lease commissions. Office Property Leasing Activity(1) (continued)

 
Page 42 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Commenced Office Leases with Non-Recurring Upfront Abatements(1) Submarket Square Feet Lease Start Date Rent Start Date Starting Base Rents(2) Lease Expiration Date Vancouver, British Columbia Bentall Centre(3) Downtown Vancouver 17,830 8/1/2021 10/1/2022 $ 31.19 8/31/2028 Bentall Centre(3) Downtown Vancouver 2,012 8/31/2021 5/1/2022 $ 29.59 11/30/2028 Bentall Centre(3) Downtown Vancouver 6,112 9/1/2021 4/1/2022 $ 29.59 12/31/2026 Bentall Centre(3) Downtown Vancouver 4,972 9/1/2021 3/1/2022 $ 28.39 2/28/2030 Bentall Centre(3) Downtown Vancouver 2,876 9/1/2021 4/1/2022 $ 37.98 10/31/2028 Bentall Centre(3) Downtown Vancouver 17,830 12/1/2021 2/1/2022 $ 37.98 11/30/2024 Bentall Centre(3) Downtown Vancouver 2,606 12/1/2021 5/1/2022 $ 43.58 4/30/2027 Bentall Centre(3) Downtown Vancouver 26,986 1/1/2022 10/1/2022 $ 32.99 9/30/2028 Bentall Centre(3) Downtown Vancouver 3,100 1/19/2022 11/1/2022 $ 31.99 12/31/2025 Bentall Centre(3) Downtown Vancouver 6,188 2/1/2022 3/1/2022 $ 33.59 1/31/2027 Greater Seattle, Washington 1918 Eighth(4) Denny Triangle 9,945 1/1/2021 4/1/2023 $ 48.80 9/30/2030 505 First Pioneer Square 46,472 10/19/2021 2/1/2022 $ 40.00 1/31/2027 Northview Center Lynnwood 9,570 1/1/2022 4/1/2022 $ 19.50 12/31/2024 450 Alaskan Pioneer Square 7,073 2/3/2022 6/1/2022 $ 32.00 5/31/2025 Northview Center Lynnwood 2,842 3/1/2022 4/1/2022 $ 23.00 2/29/2024 San Francisco Bay Area, California Towers at Shore Center Redwood Shores 8,461 10/1/2021 2/1/2022 $ 72.60 9/30/2025 Metro Center Foster City 1,439 10/1/2021 2/1/2022 $ 39.00 9/30/2026 Towers at Shore Center Redwood Shores 3,470 10/15/2021 2/1/2022 $ 74.40 10/31/2024 Rincon Center San Francisco 896 10/22/2021 4/22/2022 $ 42.00 4/30/2027 555 Twin Dolphin Plaza Redwood Shores 1,591 10/26/2021 2/1/2022 $ 63.00 10/26/2024 555 Twin Dolphin Plaza Redwood Shores 1,481 11/1/2021 4/1/2022 $ 62.40 10/31/2024 Ferry Building(5) San Francisco 6,185 11/8/2021 3/1/2022 $ 117.00 2/28/2029 555 Twin Dolphin Plaza Redwood Shores 15,805 12/1/2021 9/1/2022 $ 67.80 7/31/2032 Towers at Shore Center Redwood Shores 5,229 12/1/2021 3/1/2022 $ 66.00 11/30/2026 Towers at Shore Center Redwood Shores 3,071 12/1/2021 1/1/2023 $ 68.04 11/30/2026 Techmart Santa Clara 1,098 12/1/2021 4/1/2022 $ 48.00 1/31/2025 Towers at Shore Center Redwood Shores 3,439 12/17/2021 3/1/2022 $ 73.20 12/31/2024

 
Page 43 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Commenced Office Leases with Non-Recurring Upfront Abatements(1) (continued) Submarket Square Feet Lease Start Date Rent Start Date Starting Base Rents(2) Lease Expiration Date San Francisco Bay Area, California (cont.) Towers at Shore Center Redwood Shores 6,257 1/1/2022 2/1/2022 $ 74.40 12/31/2022 Gateway North San Jose 5,003 1/1/2022 3/1/2022 $ 48.00 12/31/2027 Towers at Shore Center Redwood Shores 4,193 1/1/2022 4/1/2022 $ 72.00 3/31/2026 Techmart Santa Clara 4,544 1/1/2022 3/1/2022 $ 52.80 2/28/2023 Techmart Santa Clara 3,861 1/1/2022 3/1/2022 $ 55.80 4/30/2027 Shorebreeze Redwood Shores 2,592 1/1/2022 3/1/2022 $ 63.00 1/31/2023 Concourse North San Jose 2,494 1/1/2022 3/1/2022 $ 33.00 12/31/2026 Concourse North San Jose 1,778 1/1/2022 4/1/2022 $ 46.20 3/31/2025 Metro Center Foster City 1,581 1/1/2022 3/1/2022 $ 64.80 6/30/2026 Metro Plaza North San Jose 1,275 1/1/2022 2/1/2022 $ 48.60 1/31/2023 Techmart Santa Clara 1,618 1/3/2022 1/3/2022 (6) $ 52.20 1/31/2025 Metro Plaza North San Jose 1,155 1/15/2022 2/15/2022 $ 51.00 2/14/2023 Techmart Santa Clara 8,052 2/1/2022 3/1/2022 $ 52.80 4/30/2025 Shorebreeze Redwood Shores 6,295 2/1/2022 4/1/2022 $ 67.20 7/31/2023 Concourse North San Jose 3,473 2/1/2022 3/1/2022 $ 49.80 4/30/2025 Gateway North San Jose 3,407 2/1/2022 3/1/2022 $ 48.60 3/31/2024 Techmart Santa Clara 2,150 2/1/2022 5/1/2022 $ 51.60 4/30/2025 Techmart Santa Clara 2,143 2/1/2022 3/1/2022 $ 52.80 10/31/2023 Gateway North San Jose 1,754 2/1/2022 4/1/2022 $ 51.00 4/30/2027 Techmart Santa Clara 1,681 2/1/2022 4/1/2022 $ 55.75 1/31/2025 Techmart Santa Clara 1,364 2/1/2022 4/1/2022 $ 52.20 5/31/2025 Techmart Santa Clara 4,781 2/25/2022 2/25/2022 (7) $ 51.60 8/31/2024 Page Mill Hill Palo Alto 12,165 3/1/2022 6/1/2022 $ 78.00 5/31/2028 Palo Alto Square Palo Alto 6,466 3/1/2022 7/1/2022 $ 97.20 4/30/2027 Techmart Santa Clara 3,443 3/1/2022 6/1/2022 $ 52.20 2/28/2025 Gateway North San Jose 2,979 3/1/2022 4/1/2022 $ 48.60 8/31/2024 555 Twin Dolphin Plaza Redwood Shores 2,973 3/1/2022 6/1/2022 $ 65.40 5/31/2025 Techmart Santa Clara 2,359 3/1/2022 4/1/2022 $ 54.00 2/29/2024 Gateway North San Jose 1,636 3/1/2022 5/1/2022 $ 43.80 2/28/2027 Metro Center Foster City 13,745 3/16/2022 10/1/2022 $ 73.20 11/30/2025

 
Page 44 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Commenced Office Leases with Non-Recurring Upfront Abatements(1) (continued) (1) Consists of leases that commenced on or prior to March 31, 2022 with up-front free rent resulting in a rent start date after the commencement of the three-month period ending March 31, 2022. (2) Calculated by dividing (a) the product of (i) monthly base rental payments (defined as cash base rents (before abatements or deferments)) as of the lease commencement date, and (ii) 12, by (b) the leased square footage. Base rents do not include tenant reimbursements. (3) We own 20% of the ownership interest in the unconsolidated joint venture that owns Bentall Centre. Rental rates have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (4) We own 55% in the consolidated joint venture that owns 1918 Eighth. (5) We own 55% in the consolidated joint venture that owns Ferry Building. (6) Subsequent to the rent start date, monthly base rent abated for the two-month period February 2022 through March 2022. (7) Subsequent to the rent start date, monthly base rent abated for the two-month period March 2022 through April 2022. (8) We own 51% in the consolidated joint venture that owns Harlow. (9) We own 75% in the consolidated joint venture that owns One Westside Submarket Square Feet Lease Start Date Rent Start Date Starting Base Rents(2) Lease Expiration Date Los Angeles, California Harlow(8) Hollywood 56,480 4/1/2021 7/1/2022 $ 61.80 3/31/2033 Harlow(8) Hollywood 13,805 4/1/2021 7/1/2022 $ 24.00 3/31/2033 Maxwell Downtown Los Angeles 29,441 7/27/2021 4/1/2022 $ 46.20 10/31/2032 Maxwell Downtown Los Angeles 19,564 8/26/2021 2/22/2022 $ 48.00 10/31/2027 One Westside(9) West Los Angeles 544,000 11/30/2021 7/30/2022 $ 64.20 11/30/2036 One Westside(9) West Los Angeles 40,000 11/30/2021 7/30/2022 $ 32.16 11/30/2036 6922 Hollywood Hollywood 2,173 12/20/2021 6/20/2022 $ 107.40 6/30/2032 Harlow(8) Hollywood 57,323 1/1/2022 11/1/2022 $ 67.51 10/31/2032 Harlow(8) Hollywood 2,323 1/1/2022 11/1/2022 $ 29.71 10/31/2032 11601 Wilshire West Los Angeles 1,590 3/1/2022 4/1/2022 $ 64.20 9/30/2023

 
Page 45 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Uncommenced Office Leases—Next Eight Quarters(1)(2) (1) Consists of uncommenced leases, defined as new leases with respect to vacant space executed on or prior to March 31, 2022, but with commencement dates after March 31, 2022 and within the next eight quarters. This table omits submarkets and quarters without any activity. (2) There are no uncommenced leases commencing in first quarter 2023 and third quarter 2023 though first quarter 2024. (3) Calculated by dividing (a) the product of (i) monthly base rental payments (defined as cash base rents (before abatements or deferments)) as of the lease commencement date, and (ii) 12, by (b) the leased square footage. Base rents do not include tenant reimbursements. Rent commencement dates do not reflect up-front free rents, if any. (4) Starting rental rates have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (5) Management office to be occupied by the Company. (6) See page 60 for the Company’s Share of uncommenced leases for the next eight quarters. Q2 2022 Q3 2022 Q4 2022 Q2 2023 SF Starting Rent per SF(3) SF Starting Rent per SF(3) SF Starting Rent per SF(3) SF Starting Rent per SF(3) Vancouver, British Columbia Downtown Vancouver(4) 5,334 $ — (5) 3,300 $ 44.78 — $ — — $ — Subtotal 5,334 — 3,300 44.78 — — — — Greater Seattle, Washington Lynnwood — — 1,989 24.00 — — — — Subtotal — — 1,989 24.00 — — — — San Francisco Bay Area, California San Francisco 7,096 43.34 — — — — — — Foster City 14,397 75.00 7,827 58.78 — — — — Redwood Shores 6,078 65.65 35,017 64.71 — — — — Palo Alto 21,053 84.83 6,954 96.00 13,593 98.40 — — Santa Clara 6,859 56.58 — — — — — — North San Jose 17,471 49.79 13,681 49.60 — — — — Subtotal 72,954 66.21 63,479 64.15 13,593 98.40 — — Los Angeles, California Downtown Los Angeles 8,604 31.88 — — — — — — West Los Angeles 2,198 53.40 — — — — 20,340 — (5) Subtotal 10,802 36.26 — — — — 20,340 — TOTAL UNCOMMENCED(6) 89,090 $ 58.61 68,768 $ 62.06 13,593 $ 98.40 20,340 $ —

 
Page 46 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Backfilled Office Leases—Next Eight Quarters(1)(2) Q2 2022 Q3 2022 Q4 2022 Q1 2023 SF Starting Rent per SF(3) SF Starting Rent per SF(3) SF Starting Rent per SF(3) SF Starting Rent per SF(3) Vancouver, British Columbia Downtown Vancouver(4) 4,274 $ 41.78 — $ — — $ — 4,114 $ 45.58 Subtotal 4,274 41.78 — — — — 4,114 45.58 Greater Seattle, Washington Denny Triangle 52,588 47.38 — — — — — — Subtotal 52,588 47.38 — — — — — — San Francisco Bay Area, California Santa Clara — — — — — — 4,945 57.00 North San Jose 6,413 44.30 — — — — — — Subtotal 6,413 44.30 — — — — 4,945 57.00 TOTAL BACKFILLED(5) 63,275 46.69 — — — — 9,059 51.81 TOTAL UNCOMMENCED AND BACKFILLED 152,365 $ 53.66 68,768 $ 62.06 13,593 $ 98.40 9,059 $ 51.81 (1) Consists of backfilled leases, defined as new leases with respect to occupied space executed on or prior to March 31, 2022, but with commencement dates after March 31, 2022 and within the next eight quarters. This table omits submarkets and quarters without any activity. (2) There are no backfilled leases commencing in third quarter 2022 through fourth quarter 2022 and second quarter 2023 through third quarter 2023. (3) Calculated by dividing (a) the product of (i) monthly base rental payments (defined as cash base rents (before abatements or deferments)) as of the lease commencement date, and (ii) 12, by (b) the leased square footage. Base rents do not include tenant reimbursements. Rent commencement dates do not reflect up-front free rents, if any. (4) Starting Rental Rates have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (5) See page 60 for the Company’s share of backfilled leases for the next eight quarters.

 
Page 47 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Backfilled Office Leases—Next Eight Quarters(1)(2) (continued) Q2 2023 Q4 2023 Q1 2024 SF Starting Rent per SF(3) SF Starting Rent per SF(3) SF Starting Rent per SF(3) Vancouver, British Columbia Downtown Vancouver(4) — $ — — $ — 67,197 $ 41.18 Subtotal — — — — 67,197 41.18 Greater Seattle, Washington Pioneer Square — — 5,870 47.27 — — Subtotal — — 5,870 47.27 — — TOTAL BACKFILLED(5) — — 5,870 47.27 67,197 41.18 TOTAL UNCOMMENCED AND BACKFILLED 20,340 $ — 5,870 $ 47.27 67,197 $ 41.18 For footnotes (1), (2), (3), (4) and (5) above refer to the descriptions on page 46.

 
Page 48 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Expiring Office Leases—Next Eight Quarters(1) Q2 2022(2) Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Expiring SF(3) Rent/ SF(4) Expiring SF(3) Rent/ SF(4) Expiring SF(3) Rent/ SF(4) Expiring SF(3) Rent/ SF(4) Expiring SF(3) Rent/ SF(4) Expiring SF(3) Rent/ SF(4) Expiring SF(3) Rent/ SF(4) Expiring SF(3) Rent/ SF(4) Vancouver, British Columbia Downtown Vancouver(5) 58,135 $ 28.49 (6) 35,696 $ 23.75 41,610 $ 26.80 27,446 $ 35.04 61,049 $31.48 (7) 30,528 $ 14.38 26,835 $ 25.81 90,592 $ 33.99 (8) Subtotal 58,135 28.49 35,696 23.75 41,610 26.80 27,446 35.04 61,049 31.48 30,528 14.38 26,835 25.81 90,592 33.99 Greater Seattle, Washington Denny Triangle 53,103 30.38 (9) — — 2,958 — (10) 656 34.18 2,486 32.72 — — 140,526 32.98 (11) — — Lynnwood 16,237 21.39 — — 3,068 22.28 — — 19,583 23.20 5,487 23.33 — — 2,842 23.00 Pioneer Square 1,057 42.60 — — 15,722 17.38 9,008 — (10) — — — — 48,824 35.38 12,152 24.73 Subtotal 70,397 28.49 — — 21,748 15.71 9,664 2.32 22,069 24.28 5,487 23.33 189,350 33.60 14,994 24.40 San Francisco Bay Area, California Foster City 46,264 74.87 4,482 66.83 42,542 71.96 35,718 53.26 9,886 74.03 10,694 72.16 52,584 74.69 (12) 11,288 66.04 Palo Alto 19,350 64.56 6,289 102.89 91,584 80.62 (13) — — 82,515 89.64 (14) 69,388 81.15 (15) 9,575 80.34 13,291 93.94 Redwood Shores 55,802 53.02 (16) 91,903 53.92 (17) 88,650 65.77 (18) 41,616 68.07 37,580 70.91 30,724 70.15 17,394 68.61 51,388 66.23 (19) San Francisco 517 197.08 41,268 32.63 6,783 21.50 4,676 22.31 1,797 — (20) 511,580 52.76 (21) 3,025 31.15 83,639 75.62 (22) North San Jose 85,892 37.12 (23) 425,255 41.31 (24) 70,078 45.51 (25) 118,898 40.74 (26) 67,062 48.24 (27) 33,682 50.46 68,070 48.67 (28) 71,990 48.64 (29) Santa Clara 3,819 22.78 24,699 56.15 12,063 53.40 23,642 55.47 887 62.29 — — 22,416 56.22 32,422 57.17 Subtotal 211,644 52.20 593,896 44.12 311,700 64.98 224,550 48.97 199,727 70.51 656,068 56.78 173,064 61.00 264,018 64.69 Los Angeles, California Hollywood 3,273 56.05 — — 4,757 94.54 — — — — — — 5,672 40.00 — — West Los Angeles 13,552 18.70 50,318 18.96 (30) 191,877 53.44 (31) 10,557 65.69 10,058 65.88 25,264 60.67 5,496 61.42 36,751 54.93 Subtotal 16,825 25.96 50,318 18.96 196,634 54.44 10,557 65.69 10,058 65.88 25,264 60.67 11,168 50.54 36,751 54.93 TOTAL 357,001 $ 42.43 679,910 $ 41.19 571,692 $ 56.70 272,217 $ 46.55 292,903 $ 58.74 717,347 $54.85 400,417 $ 45.39 406,355 $ 55.47 Expirations as % of Total In- Service Portfolio 2.4% 4.6% 3.9% 1.9% 2.0% 4.9% 2.7% 2.8%

 
Page 49 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (1) This does not reflect 60,029 square feet that expired on March 31, 2022. This table omits submarkets without any expirations over the next eight quarters. See page 60 for the Company’s share of expiring leases for the next eight quarters. (2) Second quarter 2022 expiring square footage does not include 29,066 square feet of month-to-month leases. (3) Includes leases that expire on the last day of the quarter. (4) Calculated by dividing (a) the product of (i) monthly base rental payments (defined as cash base rents (before abatements or deferments)) as of the lease expiration date, and (ii) 12, by (b) the leased square footage. Base rents do not include tenant reimbursements. (5) Expiring rental rates have been converted from CAD to USD using the foreign currency exchange rate as of March 31, 2022. (6) Top three expiring tenants at Bentall Centre by square footage: (i) B2Gold Corporation for 24,844 square feet, (ii) Business Development Bank of Canada for 23,054 square feet, and (iii) Heathcliff Properties Ltd for 3,817 square feet. (7) Top three expiring tenants at Bentall Centre by square footage: (i) Bentall Green Oak LP for 37,474 square feet, (ii) Sabina Gold Silver Corporation for 10,605 square feet, and (iii) Coeur Silvertip Holdings LTD for 3,010 square feet. (8) Top three expiring tenants at Bentall Centre by square footage: (i) Blake Services Inc. for 63,292 square feet, (ii) Pretium Resources Inc. for 16,800 square feet, and (iii) Export Development Canada for 6,779 square feet. (9) Total expiring square footage consists of: (i) KPMG, LLP at 1918 Eighth for 51,909 square feet and (ii) Hudson Pacific Properties, Inc. at Hill7 for 1,194 square feet. At 1918 Eighth, Amazon is expected to take possession of an additional 52,588 square feet during second quarter 2022. (10) Total expiring square footage consists of space occupied by the Company’s management office. (11) Total expiring square footage consists of: (i) Amazon at Met Park North for 139,824 square feet and (ii) Subway at Met Park North for 702 square feet. (12) Total expiring square footage consists of: (i) Quinstreet, Inc. at Metro Center for 44,556 square feet, (ii) Sycomp a Technology Company, Inc. at Metro Center for 6,605 square feet, and (iii) Lehigh University at Metro Center for 1,423 square feet. (13) Top three expiring tenants by square footage: (i) Stanford University at Page Mill Center for 43,215 square feet, (ii) Frank, Rimerman & Co. LLC at Page Mill Hill for 24,968 square feet, and (iii) Squire Patton Boggs US LLP at Page Mill Hill for 13,065 square feet. (14) Top three expiring tenants by square footage: (i) Lockheed Martin Corporation at 3176 Porter for 42,899 square feet, (ii) Toyota at Page Mill Center for 22,392 square feet, and (iii) Ciitizen Corporation at Palo Alto Square for 5,244 square feet. (15) Total expiring square footage consists of: (i) Gibson, Dunn & Crutcher, LLP at Page Mill Hill for 48,771 square feet, and (ii) Luminar Technologies, Inc. at Page Mill Hill for 20,617 square feet. (16) Top three expiring tenants by square footage: (i) MarkLogic Corporation at Skyway Landing for 40,268 square feet, (ii) Ayasdi AI LLC at 555 Twin Dolphin for 5,543 square feet, and (iii) Hudson Pacific Properties, Inc. at 555 Twin Dolphin for 4,296 square feet. (17) Top three expiring tenants by square footage: (i) Ernst & Young U.S. LLP at Shorebreeze for 20,253 square feet, (ii) Hudson Pacific Properties, Inc. at 333 Twin Dolphin for 12,651 square feet, and (iii) Coddington, Hicks & Danforth at 555 Twin Dolphin for 8,075 square feet. (18) Top three expiring tenants by square footage: (i) Auris Health, Inc. at Skyway Landing for 37,801 square feet, (ii) Auris Health, Inc. at 333 Twin Dolphin for 27,416 square feet, and (iii) Colliers Parrish International, Inc. at Towers at Shore Center for 6,257 square feet. (19) Total expiring square footage: (i) Check Point SOFT Technologies, Inc. at Skyway Landing for 40,265 square feet, (ii) Livingly Media, Inc. at Towers at Shore Center for 8,241 square feet, and (iii) Delinea Inc. at Towers at Shore Center for 2,882 square feet. (20) Total expiring square footage consists of space occupied by tenants paying percent rent in lieu of base rent. (21) Top three expiring tenants by square footage: (i) Block Inc. at 1455 Market for 469,056 square feet, (ii) City and County of SF/DOE/MTA at 1455 Market for 39,573 square feet, and (iii) Cholita Linda, LLC at Ferry Building for 1,380 square feet. (22) Top three expiring tenants by square footage: (i) Nordstrom Rack at 901 Market for 45,496 square feet, (ii) Ziff Davis, LLC at 625 Second for 35,350 square feet, and (iii) Ferry Plaza Wine Merchant LP at Ferry Building for 2,793 square feet. (23) Top three expiring tenants by square footage: (i) Fenwick & West LLP at Metro Plaza for 18,428 square feet, (ii) GEO Semiconductor, Inc. at Metro Plaza for 13,027 square feet, and (iii) Hudson Pacific Properties management office at Gateway for 12,223 square feet. (24) Top three expiring tenants by square footage: (i) Qualcomm at Skyport Plaza for 376,817 square feet, (ii) Silicon Valley Leadership Group at Gateway for 8,193 square feet, and (iii) InnoGrit Corporation at Concourse for 7,281 square feet. (25) Top three expiring tenants by square footage: (i) Ooyala, Inc. at Gateway for 18,152 square feet, (ii) The Prudential Insurance Company at Concourse for 11,827 square feet, and (iii) Adara Networks, Inc. at Concourse for 7,647 square feet. Expiring Office Leases—Next Eight Quarters(1) (continued)

 
Page 50 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 (26) Top three expiring tenants by square footage: (i) Globallogic, Inc. at Concourse for 28,930 square feet, (ii) New York Life Insurance at Concourse for 28,489, and (iii) Sensiba San Filippo LLP at Metro Plaza for 12,611 square feet. (27) Top three expiring tenants by square footage: (i) Amkor Technology, Inc. at Metro Plaza for 21,942 square feet, (ii) Dexerials America Corporation at Gateway for 7,872 square feet, and (iii) Principal Life Insurance Company at Gateway for 7,359 square feet. (28) Top three expiring tenants by square footage: (i) Arrcus, Inc. at Gateway for 17,728 square feet, (ii) GTT Americas, LLC at Concourse for 9,981 square feet, and (iii) Gilbane Building Company at Gateway for 7,245 square feet. (29) Top three expiring tenants by square footage: (i) Aerotek, Inc. at Metro Plaza for 25,565 square feet, (ii) Watry Design, Inc. at Gateway for 10,942 square feet, and (iii) Mektec International Corporation at Concourse for 7,850 square feet. (30) Top three expiring tenants by square footage: (i) Landmark Theatre at 10850 Pico for 43,014 square feet, (ii) Financial Profiles, Inc. at 11601 Wilshire for 3,644 square feet, and (iii) Hudson Pacific Properties, Inc. at 11601 Wilshire for 2,418 square feet. (31) Top three expiring tenants by square footage: (i) NFL Enterprises at 10950 Washington for 157,687 square feet, (ii) Wells Fargo Bank at 11601 Wilshire for 20,443 square feet, and (iii) NFL Enterprises at 10900 Washington for 9,919 square feet. Expiring Office Leases—Next Eight Quarters(1) (continued)

 
Page 51 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Expiring Office Leases—Annual Company’s Share Year of Lease Expiration Number of Leases Expiring Square Footage of Expiring Leases(1) Square Footage of Expiring Leases(2) Percent of Office Portfolio Square Feet Annualized Base Rent(3) Percentage of Office Portfolio Annualized Base Rent Annualized Base Rent Per Leased Square Foot(4) Annualized Base Rent at Expiration Annualized Base Rent Per Lease Square Foot at Expiration(5) Vacant 1,795,853 1,724,129 13.4 % 2022 163 1,598,415 1,445,052 11.2 $ 74,984,835 12.3 % $ 51.89 $ 74,400,764 $ 51.49 2023 159 1,673,876 1,324,066 10.3 69,353,607 11.4 52.38 71,996,777 54.38 2024 165 2,053,122 1,788,765 13.9 95,303,286 15.6 53.28 102,186,668 57.13 2025 114 1,748,127 1,428,485 11.1 85,148,158 13.9 59.61 92,899,666 65.03 2026 63 727,696 625,099 4.8 37,291,969 6.1 59.66 42,325,631 67.71 2027 61 764,722 638,882 5.0 35,821,067 5.8 56.07 41,155,021 64.42 2028 34 1,000,323 877,521 6.8 60,046,039 9.8 68.43 70,939,058 80.84 2029 18 332,247 234,360 1.8 17,863,443 2.9 76.22 21,347,585 91.09 2030 14 1,300,155 934,005 7.2 43,170,649 7.0 46.22 57,600,437 61.67 2031 15 1,095,110 679,594 5.3 37,677,510 6.1 55.44 50,596,521 74.45 Thereafter 26 1,259,398 828,956 6.4 45,469,296 7.4 54.85 66,303,249 79.98 Building management use(6) 46 205,088 183,112 1.4 — — — — — Signed leases not commenced(7) 39 191,791 184,851 1.4 10,708,635 1.7 57.93 12,012,776 64.99 TOTAL/WEIGHTED AVERAGE 917 15,745,923 12,896,877 100.0 % $ 612,838,494 100.0 % $ 54.85 (8) $ 703,764,153 $ 62.99 (9) (1) Total expiring square footage does not include 29,066 square feet of month-to-month leases. (2) Total expiring square footage does not include 17,478 square feet of month-to-month leases. (3) Rent data for our office properties is presented on an annualized basis without regard to cancellation options. Annualized base rent for office properties is calculated multiplying (i) base rental payments (defined as cash base rents (before abatements or deferments)) as of March 31, 2022, by (ii) 12. Annualized base rent does not reflect tenant reimbursements. (4) Annualized base rent per square foot for all lease expiration years is calculated as (i) base rental payments (defined as cash base rents (before abatements or deferments)) under commenced leases, divided by (ii) square footage under commenced leases as of March 31, 2022. (5) Annualized base rent per square foot at expiration for all lease expiration years is calculated as (i) base rental payments (defined as cash base rents (before abatements or deferments)) under commenced leases, divided by (ii) square footage under commenced lease as of March 31, 2022. (6) Reflects management offices occupied by the Company with various expiration dates. (7) Annualized base rent per leased square foot and annualized base rent per square foot at expiration for signed leases not commenced reflects uncommenced leases for space not occupied as of March 31, 2022 and is calculated as (i) base rental payments (defined as cash base rents at expiration (before abatements or deferments)) under uncommenced leases for vacant space as of March 31, 2022, divided by (ii) square footage under uncommenced leases as of March 31, 2022. (8) Included as part of the Company’s share of total expiring square footage is 36,042 square feet of existing leases that have been amended or signed as of first quarter 2022 to pay percent rent in lieu of base rent. Excluding the impact of these tenants, the weighted average annualized base rent per square foot is $55.03 (9) Included as part of the Company’s share of total expiring square footage is 7,961 square feet of existing leases that have been amended or signed as of first quarter 2022 to pay percent rent in lieu of base rent. Excluding the impact of these tenants, the weighted average annualized base rent per square foot at expiration is $63.03.

 
Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Definitions and Reconciliations

 
Page 53 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Definitions Adjusted EBITDAre: Adjusted EBITDAre represents net income (loss) before interest, income taxes, depreciation and amortization, and before our share interest and depreciation from the unconsolidated real estate entity and further adjusted to eliminate the impact of certain non-cash items and items that we do not consider indicative of our ongoing performance. We believe that Adjusted EBITDAre is useful because it allows investors and management to evaluate and compare our performance from period to period in a meaningful and consistent manner, in addition to standard financial measurements under GAAP. Adjusted EBITDAre is not a measurement of financial performance under GAAP and should not be considered as an alternative to income attributable to common shareholders, as an indicator of operating performance or any measure of performance derived in accordance with GAAP. Our calculation of Adjusted EBITDAre may be different from the calculation used by other companies and, accordingly, comparability may be limited. Adjusted Funds from Operations (“AFFO”): Non-GAAP financial measure we believe is a useful supplemental measure of our performance. We compute AFFO by adding to FFO the noncash compensation expense and the Company’s Share of amortization of deferred financing costs, and subtracting recurring capital expenditures related to the Company’s Share of tenant improvements and leasing commissions (excluding pre-existing obligations on contributed or acquired properties funded with amounts received in settlement of prorations), and eliminating the net effect of the Company’s Share of straight-line rents, amortization of lease buy-out costs, amortization of above-and below-market lease intangible assets and liabilities, amortization of above-and below-market ground lease intangible assets and liabilities and amortization of loan discounts/premiums. AFFO is not intended to represent cash flow for the period. We believe that AFFO provides useful information to the investment community about our financial position as compared to other REITs since AFFO is a widely reported measure used by other REITs. However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not be comparable to other REITs. Annual Debt Service: Includes principal payments based on amortization schedule and annual interest payments of fixed rate loans and variable rate loans with effective fixed rate as a result of derivative instruments on the full principal balance. In instances where interest is paid based on a LIBOR margin, we used the current margin based on the leverage ratio as of the current period. Amount does not include interest payment of variable rate loans that are partially effectively fixed through derivative instruments. Excludes amortization of deferred financing costs and loan discounts/premiums. Company’s Share: Non-GAAP financial measures calculated as the consolidated amount, in accordance with GAAP, plus the Company’s share of the amount from the Company’s unconsolidated joint ventures (calculated based upon the Company’s percentage ownership interest), minus the Company’s partners’ share of the amount from the Company’s consolidated joint ventures (calculated based upon the partners’ percentage ownership interests). Management believes that presenting the “Company’s Share” of these measures provides useful information to investors regarding the Company’s financial condition and/or results of operations because the Company has several significant joint ventures and in some cases, the Company exercises significant influence over, but does not control, the joint venture, in which case GAAP requires that the Company account for the joint venture entity using the equity method of accounting and the Company does not consolidate it for financial reporting purposes. In other cases, GAAP requires that the Company consolidate the venture even though the Company’s partner(s) owns a significant percentage interest. As a result, management believes that presenting the Company’s Share of various financial measures in this manner can help investors better understand the Company’s financial condition and/or results of operations after taking into account its true economic interest in these joint ventures. Company’s Share of Debt: Similar to Consolidated Debt except it includes the Company’s Share of unconsolidated joint venture debt and excludes partners’ share of consolidated joint venture partner debt. Company’s Share of Debt, Net: Similar to Company’s Share of Debt, except it includes the Company’s Share of unconsolidated joint venture cash and cash equivalents and excludes partners’ share of consolidated joint venture cash and cash equivalents. Company’s Share of Market Capitalization: Similar to Consolidated Market Capitalization except it includes the Company’s Share of Debt. Consolidated Debt: Equal to the sum of (i) Unsecured and Secured Debt and (ii) series A preferred units Consolidated Debt, Net: Similar to Consolidated debt, less consolidated cash and cash equivalents. Consolidated Market Capitalization: Equal to the sum of (i) Unsecured and Secured Debt, (ii) series A preferred units and (iii) common equity capitalization. Common equity capitalization represents the total Shares of Common Stock/Units Outstanding at End of Period multiplied by the closing price at quarter end. Consolidated Unsecured and Secured Debt: Excludes in-substance defeased debt related to our Hudson Pacific/Macerich joint venture and unamortized deferred financing costs and unamortized loan discounts/premiums related to our registered senior debt. The full amount of debt related to the Hill7, Hollywood Media Portfolio and 1918 Eighth joint ventures is included.

 
Page 54 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Funds from Operations (“FFO”): Non-GAAP financial measure we believe is a useful supplemental measure of our performance. We calculate FFO in accordance with the White Paper on FFO approved by the Board of Governors of the National Association of Real Estate Investment Trusts. The White Paper defines FFO as net income or loss calculated in accordance with generally accepted accounting principles in the United States (“GAAP”), excluding gains and losses from sales of depreciable real estate and impairment write-downs associated with depreciable real estate, plus the Company’s Share of real estate-related depreciation and amortization (excluding amortization of deferred financing costs and depreciation of non-real estate assets). The calculation of FFO includes the Company’s Share of amortization of deferred revenue related to tenant-funded tenant improvements and excludes the depreciation of the related tenant improvement assets. We believe that FFO is a useful supplemental measure of our operating performance. The exclusion from FFO of gains and losses from the sale of operating real estate assets allows investors and analysts to readily identify the operating results of the assets that form the core of our activity and assists in comparing those operating results between periods. Also, because FFO is generally recognized as the industry standard for reporting the operations of REITs, it facilitates comparisons of operating performance to other REITs. However, other REITs may use different methodologies to calculate FFO, and accordingly, our FFO may not be comparable to all other REITs. Implicit in historical cost accounting for real estate assets in accordance with GAAP is the assumption that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered presentations of operating results for real estate companies using historical cost accounting alone to be insufficient. Because FFO excludes depreciation and amortization of real estate assets, we believe that FFO along with the required GAAP presentations provides a more complete measurement of our performance relative to our competitors and a more appropriate basis on which to make decisions involving operating, financing and investing activities than the required GAAP presentations alone would provide. We use FFO per share to calculate annual cash bonuses for certain employees. However, FFO should not be viewed as an alternative measure of our operating performance because it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties, which are significant economic costs and could materially impact our results from operations. Net Operating Income (“NOI”): We evaluate performance based upon property NOI from continuing operations. NOI is not a measure of operating results or cash flows from operating activities or cash flows as measured by GAAP and should not be considered an alternative to income from continuing operations, as an indication of our performance, or as an alternative to cash flows as a measure of liquidity, or our ability to make distributions. All companies may not calculate NOI in the same manner. We consider NOI to be a useful performance measure to investors and management because when compared across periods, NOI reflects the revenues and expenses directly associated with owning and operating our properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. We calculate NOI as net income (loss) excluding corporate general and administrative expenses, depreciation and amortization, impairments, gains/losses on sales of real estate, interest expense, transaction-related expenses and other non-operating items. We define NOI as operating revenues (including rental revenues, other property-related revenue, tenant recoveries and other operating revenues), less property-level operating expenses (which includes external management fees, if any, and property-level general and administrative expenses). NOI on a cash basis is NOI adjusted to exclude the effect of straight-line rent and other non-cash adjustments required by GAAP. We believe that NOI on a cash basis is helpful to investors as an additional measure of operating performance because it eliminates straight-line rent and other non-cash adjustments to revenue and expenses. Principal Amount: Outstanding debt balances including partners’ share of consolidated entities and excludes unamortized deferred financing costs and loan discounts/premiums. Shares of Common Stock/Units Outstanding at End of Period: Represents shares of common stock outstanding (including unvested restricted shares), OP units outstanding and an estimate for our dilutive Performance Stock Units (“PSU”), including stock grants under our 2020, 2021 and 2022 PSU Plans (collectively, the “Dilutive Shares”). Weighted Average Fully Diluted Common Stock/Units Outstanding: Includes an estimate for the dilution impact of stock grants to the Company's executives under our 2020, 2021 and 2022 PSU Plans. This estimate is based on the projected award potential of such programs as of the end of such periods, as calculated in accordance with the ASC 260, Earnings Per Share. Definitions (continued)

 
Page 55 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Reconciliation of Net (Loss) Income to Net Operating Income Unaudited, in thousands Three Months Ended March 31, 2022 2021 Net (loss) income $ (7,615) $ 11,411 Adjustments: Income from unconsolidated real estate entities (303) (635) Fee income (1,071) (848) Interest expense 30,836 30,286 Interest income (910) (997) Management services reimbursement income—unconsolidated real estate entities (1,108) — Management services expense—unconsolidated real estate entities 1,108 — Transaction-related expenses 256 — Unrealized gain on non-real estate investments (1,650) (5,775) Impairment loss 20,503 — Other (income) expense (852) 452 General and administrative 20,512 18,449 Depreciation and amortization 92,193 82,761 Net Operating Income $ 151,899 $ 135,104 Net Operating Income Breakdown Same-Store Office cash revenues $ 172,458 $ 166,623 Straight-line rent 2,774 5,318 Amortization of above-market and below-market leases, net 2,578 2,466 Amortization of lease incentive costs (400) (422) Same-Store Office revenues 177,410 173,985 Same-Store Studios cash revenues 19,807 20,953 Straight-line rent 590 32 Amortization of lease incentive costs (9) (9) Same-Store Studio revenues 20,388 20,976 Same-Store property revenues 197,798 194,961 Same-Store Office cash expenses 60,455 57,616 Straight-line rent 325 366 Non-cash portion of interest expense 21 10 Amortization of above-market and below-market ground leases, net 586 586 Same-Store Office expenses 61,387 58,578 Same-Store Studio cash expenses 11,533 11,374 Non-cash portion of interest expense 68 79 Same-Store Studio expenses 11,601 11,453 Same-Store property expenses 72,988 70,031 Same-Store net operating income 124,810 124,930 Non-Same-Store net operating income 27,089 10,174 Net Operating Income $ 151,899 $ 135,104

 
Page 56 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Three Months Ended Quarter To Date March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 Net (loss) income $ (7,615) $ 16,753 $ (6,182) $ 7,030 $ 11,411 Interest income—Consolidated (910) (926) (934) (937) (997) Interest expense—Consolidated 30,836 30,139 30,825 30,689 30,286 Depreciation and amortization—Consolidated 92,193 88,107 88,568 84,178 82,761 EBITDA 114,504 134,073 112,277 120,960 123,461 Unconsolidated real estate entities depreciation and amortization 1,369 1,497 1,462 1,550 1,511 Unconsolidated real estate entities interest expense 644 629 613 640 604 EBITDAre 116,517 136,199 114,352 123,150 125,576 Impairment loss 20,503 — 2,762 — — Unrealized gain on non-real estate investments (1,650) (4,951) (827) (5,018) (5,775) Other (income) expense (852) 1,006 (82) 1,177 452 Transaction-related expenses 256 1,547 6,300 1,064 — Non-cash compensation expense 5,329 5,445 5,840 6,340 3,538 Straight-line rent receivables, net (14,477) (5,957) (2,157) (5,657) (6,765) Non-cash amortization of above-market and below-market leases, net (2,739) (3,134) (3,023) (2,739) (2,519) Non-cash amortization of above-market and below-market ground leases, net 668 603 588 588 588 Amortization of lease incentive costs 432 458 476 475 475 Loss on extinguishment of debt — 10 6,249 — — Adjusted EBITDAre 123,987 131,226 130,478 119,380 115,570 One-time prior period net property tax adjustment — — (1,433) 369 1,050 Adjusted EBITDAre (excluding specified items) 123,987 131,226 129,045 119,749 116,620 Studio cash NOI (8,275) (7,956) (9,191) (7,354) (9,579) Office property Adjusted EBITDAre 115,712 123,270 119,854 112,395 107,041 x Annualization factor 4 4 4 4 4 Annualized office property Adjusted EBITDAre 462,848 493,080 479,416 449,580 428,164 Trailing 12-mo studio cash NOI(1) 31,712 33,115 32,600 31,161 29,124 Cash Adjusted EBTIDAre for selected ratios $ 494,560 $ 526,195 $ 512,016 $ 480,741 $ 457,288 Less: Partners’ share of cash Adjusted EBITDAre (70,761) (77,500) (80,592) (74,163) (74,135) Company’s Share of cash Adjusted EBITDAre $ 423,799 $ 448,695 $ 431,424 $ 406,578 $ 383,153 Total Consolidated unsecured and secured debt 4,000,720 3,764,874 3,943,973 3,518,813 3,485,093 Less: Consolidated cash and cash equivalents (137,598) (96,555) (110,500) (110,978) (134,278) Consolidated debt, net (excluding Series A preferred units) $ 3,863,122 $ 3,668,319 $ 3,833,473 $ 3,407,835 $ 3,350,815 Less: Partners’ share of debt, net (652,037) (665,027) (658,313) (554,012) (533,687) Company’s Share of Debt, Net (excluding Series A preferred units) $ 3,211,085 $ 3,003,292 $ 3,175,160 $ 2,853,823 $ 2,817,128 Cash Adjusted EBITDAre for selected ratios / Consolidated debt, net 7.8x 7.0x 7.5x 7.1x 7.3x Cash Adjusted EBITDAre for selected ratios / Company’s Share of Debt, Net 7.6x 6.7x 7.4x 7.0x 7.4x Reconciliation of Consolidated Debt, Net to Adjusted EBITDAre (Annualized) Unaudited, in thousands

 
Page 57 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Current Guidance Full Year 2022 Metric Low High FFO per share $2.02 $2.08 Total growth in same-store property cash NOI(1)(2) 2.00% 3.00% GAAP non-cash revenue (straight-line rent and above/below-market rents)(3) $45,000 $55,000 GAAP non-cash expense (straight-line rent expense and above/below-market ground rent) $(4,500) $(4,500) General and administrative expenses(4) $(78,000) $(82,000) Interest expense(5) $(138,500) $(141,500) Interest income $1,750 $1,850 Corporate-related depreciation and amortization $(17,950) $(18,050) FFO from unconsolidated joint ventures $6,000 $7,000 FFO attributable to non-controlling interests $(70,500) $(74,500) FFO attributable to preferred unites/shares $(21,000) $(21,000) Weighted average common stock/units outstanding—diluted(6) 147,300 148,300 Company Outlook Unaudited, in thousands (1) Same-store for the full year 2022 is defined as the 43 stabilized office properties and three studio properties owned and included in the portfolio as of January 1, 2021, and anticipated to still be owned and included in the portfolio through December 31, 2022. Same-store cash NOI growth assumes the expiration (without renewal or backfill in 2022) of all 376,817 square feet leased to Qualcomm at Skyport Plaza as of July 31, 2022. Adjusted for this expiration, full year 2022 same-store cash NOI growth would be 3.50% - 4.50%. (2) Please see non-GAAP information below for definition of cash NOI.. (3) Please see non-GAAP information below for definition of cash NOI. (4) Includes non-cash straight-line rent associated with the studio and office properties. (5) Includes non-cash compensation expense, which the Company estimates at $25,000 in 2022. (6) Includes amortization of deferred financing costs and loan discounts/premiums, which the Company estimates at $13,000 in 2022. (7) Diluted shares represent ownership in the Company through shares of common stock, OP Units and other convertible or exchangeable instruments. The weighted average fully diluted common stock/units outstanding for 2021 includes an estimate for the dilution impact of stock grants to the Company's executives under its 2020, 2021 and 2022 long-term incentive programs. This estimate is based on the projected award potential of such programs as of the end of the most recently completed quarter, as calculated in accordance with the ASC 260, Earnings Per Share.

 
Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Appendix

 
Page 59 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Company’s Share Number of Properties Rentable Square Feet Percent Occupied Percent Leased Annual Base Rent Annual Base Rent Per Square Foot Office In-Service Vancouver, British Columbia 1 300,766 96.1% 96.6% $ 8,807,363 $ 30.49 Greater Seattle, Washington 8 1,718,386 81.8 81.8 50,509,261 35.95 San Francisco Bay Area, California 25 7,531,024 88.6 90.5 398,605,358 59.72 Los Angeles, California 15 2,258,537 97.6 99.0 124,947,742 56.67 Total 49 11,808,713 89.5 91.0 582,869,724 55.13 Studios Same-Store Los Angeles, California 3 614,963 84.1 84.1 22,550,014 43.61 Total 3 614,963 Repositioning, Redevelopment, Development, Held-for-Sale Greater Seattle, Washington 2 215,890 57.9 58.9 2,965,371 23.71 San Francisco Bay Area, California 1 533,004 29.9 31.8 9,308,763 58.43 Los Angeles, California 3 486,729 30.3 30.3 7,798,374 52.91 Total(1) 6 1,235,623 34.9% 35.9% $ 20,072,508 $ 46.49 Land Vancouver, British Columbia 1 90,000 Greater Seattle, Washington 1 546,000 San Francisco Bay Area, California 1 350,000 Los Angeles, California 4 1,069,283 Greater London, United Kingdom 1 385,000 Total 8 2,440,283 TOTAL PORTFOLIO 66 16,099,582 Total Portfolio Company’s Share (1) Includes four properties classified as held-for-sale as of March 31, 2022. Please see page 32 for details.

 
Page 60 of 60 Hudson Pacific Properties, Inc. Supplemental Information | First Quarter 2022 Uncommenced, Backfilled & Expiring Office Leases—Next Eight Quarters Company’s Share Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 SF Rent per SF SF Rent per SF SF Rent per SF SF Rent per SF SF Rent per SF SF Rent per SF SF Rent per SF SF Rent per SF Uncommenced Office Leases—Next Eight Quarters Vancouver, British Columbia 1,067 $ — 660 $ 44.78 — $ — — $ — — $ — — $ — — $ — — $ — Greater Seattle, Washington — — 1,989 24.00 — — — — — — — — — — — — San Francisco Bay Area, California 72,921 66.24 63,479 64.15 13,593 98.40 — — — — — — — — — — Los Angeles, California 10,802 36.26 — — — — — — 20,340 — — — — — — — Total 84,790 61.59 66,128 62.75 13,593 98.40 — — 20,340 — — — — — — — Backfilled Office Leases—Next Eight Quarters Vancouver, British Columbia 855 41.78 — — — — 823 45.58 — — — — — — 13,439 41.18 Greater Seattle, Washington 28,923 47.38 — — — — — — — — — — 5,870 47.27 — — San Francisco Bay Area, California 6,413 44.30 — — — — 4,945 57.00 — — — — — — — — Los Angeles, California — — — — — — — — — — — — — — — — Total 36,191 46.70 — — — — 5,768 55.37 — — — — 5,870 47.27 13,439 41.18 Expiring Office Leases—Next Eight Quarters Vancouver, British Columbia 11,627 28.49 7,139 23.75 8,322 26.80 5,489 35.04 12,210 31.48 6,106 14.38 5,367 25.81 18,118 33.99 Greater Seattle, Washington 46,501 27.52 — — 20,417 16.73 9,664 2.32 22,069 24.28 5,487 23.33 189,350 33.60 14,994 24.40 San Francisco Bay Area, California 211,411 52.04 590,345 44.22 308,648 65.41 222,446 49.22 198,918 70.80 425,857 58.95 173,064 61.00 262,761 64.64 Los Angeles, California 16,350 26.72 39,565 20.08 196,634 54.44 10,557 65.69 10,058 65.88 25,264 60.67 11,168 50.54 36,751 54.93 Total 285,889 $ 45.65 637,049 $ 42.49 534,021 $ 58.91 248,156 $ 47.78 243,255 $ 64.40 462,714 $ 58.03 378,949 $ 46.50 332,624 $ 60.09

 
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