Hudson Pacific Properties reported record second-quarter leasing and raised its full-year core FFO guidance. The company signed 1.3 million square feet of new and renewal office leases, including a landmark 891,000 square-foot 24-year lease with the City and County of San Francisco at 1455 Market. Occupancy increased 470 basis points to 82.5%, and same-store cash NOI grew 7.5% to $90.2 million. Core FFO nearly tripled to $23.1 million, or $0.35 per diluted share, up 30% from the prior year. Hudson Pacific raised its 2026 core FFO guidance to a range of $1.12 to $1.20 per diluted share, up from $1.10 to $1.18.
Hudson Pacific Properties IncRecord leasing, including a landmark 891k sq ft lease with San Francisco, drove occupancy and FFO guidance raise.
