Hudson Pacific Properties, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 16, 2022 at 04:56 pm EST
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Hudson Pacific Properties, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 215.9 million compared to USD 193.25 million a year ago. Revenue was USD 240.48 million compared to USD 203.84 million a year ago. Net income was USD 10.76 million compared to net loss of USD 7.6 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the full year, sales was USD 832.72 million compared to USD 770.04 million a year ago. Revenue was USD 896.84 million compared to USD 804.97 million a year ago. Net income was USD 10.05 million compared to USD 2.04 million a year ago. Basic earnings per share from continuing operations was USD 0.04. Diluted earnings per share from continuing operations was USD 0.04.
Hudson Pacific Properties, Inc. is a real estate investment trust serving technology and media tenants. The Company acquires, repositions, develops and operates sustainable office and studio properties in high-barrier-to-entry technology and media epicenters. The Company's segments include office segment and studio segment. The Company's portfolio includes office properties, studio properties, land properties and production services assets. Its studio properties comprise of approximately 48 stages, sound stages and production-supporting office, and other facilities. Its land properties comprise of undeveloped density rights for future office, studio and residential space. The Company's production services assets comprise of vehicles, lighting and grip, production supplies and other equipment and the lease rights to an additional approximately 27 sound stages. It owns real estate in California, the Pacific Northwest, Western Canada and Greater London, United Kingdom.
HUDSON PACIFIC PROPERTIES, INC. 
