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OFFON

HUDSON PACIFIC PROPERTIES, INC.

(HPP)
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Hudson Pacific Properties : Earns Top Recognition in 2021 GRESB Assessment for ESG Leadership

10/25/2021 | 09:04am EST

Recognized as Americas Office Sector Leader

Ranked first among office companies in the Americas for development

Hudson Pacific Properties, Inc. (NYSE: HPP) today announced that it has earned top honors in the 2021 Global Real Estate Sustainability Benchmark (GRESB®) Real Estate Assessment for its ESG accomplishments. In addition to achieving Green Star and highest 5-Star ratings for the third consecutive year, Hudson Pacific was recognized as an Office Sector Leader for the Americas, ranking first among the 22 companies in this category in the Development Benchmark. The company also received an “A” Public Disclosure score, ranking first among U.S. office companies.

“We are incredibly proud to be recognized by GRESB as an ESG leader in our industry,” said Victor Coleman, Chairman and CEO of Hudson Pacific. “Through our Better Blueprint™ corporate responsibility platform, we are making swift progress toward meeting the bold goals we have set to help foster the growth of sustainable, healthy and equitable cities. We have a responsibility to our tenants, employees, investors and communities at large to do this important work, which is woven into every facet of our business.”

Hudson Pacific has been widely recognized for its industry leadership in sustainability. The company was one of the first major real estate organizations to achieve 100% carbon neutrality across all operations and accomplished the milestone in 2020, five years ahead of its goal. Hudson Pacific’s in-service portfolio is 80% LEED, 71% ENERGY STAR and 23% Fitwel certified, and the company was recently recognized for the third year in a row as an ENERGY STAR Partner of the Year.

“The 2021 GRESB recognitions reflect Hudson Pacific’s commitment—from our Board of Directors to frontline employees—to leadership in sustainability,” said Natalie Teear, Senior Vice President of Innovation, Sustainability and Social Impact at Hudson Pacific. “While we are thrilled with our best-ever GRESB scores this year, we know there is much more work to do, and we are focused on pushing our decarbonization efforts forward with urgency to do our part in the fight against climate change.”

Recognized as the global standard for measuring real estate sustainability performance, GRESB collects, validates, scores and benchmarks ESG data self-reported by Assessment participants through its GRESB Real Estate and Development Benchmarks to provide investors and participants alike with business intelligence, engagement tools and regulatory reporting solutions.

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling over 20 million square feet, including land for development. Focused on global epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Google, Netflix, Riot Games, Square, Uber and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP and listed as a component of the S&P MidCap 400 Index. For more information visit HudsonPacificProperties.com.

About GRESB

GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making. For more information, visit GRESB.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.


ę Business Wire 2021
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Financials (USD)
Sales 2021 863 M - -
Net income 2021 8,12 M - -
Net Debt 2021 4 282 M - -
P/E ratio 2021 262x
Yield 2021 3,82%
Capitalization 3 988 M 3 988 M -
EV / Sales 2021 9,59x
EV / Sales 2022 8,45x
Nbr of Employees 375
Free-Float 97,6%
Chart HUDSON PACIFIC PROPERTIES, INC.
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Hudson Pacific Properties, Inc. Technical Analysis Chart | HPP | US4440971095 | MarketScreener
Technical analysis trends HUDSON PACIFIC PROPERTIES, INC.
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 26,19 $
Average target price 30,27 $
Spread / Average Target 15,6%
EPS Revisions
Managers and Directors
Victor J. Coleman Chairman & Chief Executive Officer
Mark T. Lammas President & Treasurer
Harout Krikor Diramerian Chief Financial Officer
Rocky B. Fried Independent Director
Jonathan M. Glaser Independent Director
Sector and Competitors