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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n______________________________________\n\nFORM 10-Q\n\n______________________________________\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ______ to ______\n\nCommission File Number: 001-34789 (Hudson Pacific Properties, Inc.)\n\nCommission File Number: 333-202799-01 (Hudson Pacific Properties, L.P.)\n\n______________________________________\n\nHudson Pacific Properties, Inc.\n\nHudson Pacific Properties, L.P.\n\n(Exact name of registrant as specified in its charter)\n\nHudson Pacific Properties, Inc.\n\nMaryland\n\n(State or other jurisdiction of incorporation or organization)\n\n27-1430478\n\n(I.R.S. Employer Identification Number)\n\nHudson Pacific Properties, L.P.\n\nMaryland\n\n(State or other jurisdiction of incorporation or organization)\n\n80-0579682\n\n(I.R.S. Employer Identification Number)\n\n11601 Wilshire Blvd., Ninth Floor\n\nLos Angeles, California 90025\n\n(Address of principal executive offices) (Zip Code)\n\n(310) 445-5700\n\n(Registrant’s telephone number, including area code)\n\nN/A\n\n(Former name, former address and former fiscal year, if changed since last report)\n\n______________________________________ \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nRegistrantTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nHudson Pacific Properties, Inc.Common Stock, $0.01 par value\nHPP\n\nNew York Stock Exchange\n\nHudson Pacific Properties, Inc.\n4.750% Series C Cumulative Redeemable Preferred Stock\n\nHPP Pr C\n\nNew York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   \n\n \n\nHudson Pacific Properties, Inc. Yes  ☒   No  ☐\n\nHudson Pacific Properties, L.P. Yes  ☒   No  ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    \n\nHudson Pacific Properties, Inc. Yes  ☒   No  ☐\n\nHudson Pacific Properties, L.P. Yes  ☒   No  ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nHudson Pacific Properties, Inc.\n\nLarge accelerated filer ☒\n\nAccelerated filer ☐\n\nNon-accelerated filer ☐\n\nSmaller reporting company ☐\n\nEmerging growth company ☐\n\nHudson Pacific Properties, L.P.\n\nLarge accelerated filer ☐\n\nAccelerated filer ☐\n\nNon-accelerated filer ☒\n\nSmaller reporting company ☐\n\nEmerging growth company ☐\n\nIf 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.\n\nHudson Pacific Properties, Inc. ☐\n\nHudson Pacific Properties, L.P. ☐  \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   \n\nHudson Pacific Properties, Inc.  Yes  ☐    No  ☒\n\nHudson Pacific Properties, L.P. Yes  ☐    No  ☒\n\nThe number of shares of common stock of Hudson Pacific Properties, Inc. outstanding at May 1, 2026 was 54,242,024.\n\n[Table of Contents](#i8896d6d76cbf463b8af8b1ba2e7c2480_10)\n\nEXPLANATORY NOTE\n\nThis report combines the quarterly reports on Form 10-Q for the period ended March 31, 2026 of Hudson Pacific Properties, Inc., a Maryland corporation, and Hudson Pacific Properties, L.P., a Maryland limited partnership. Unless otherwise indicated or unless the context requires otherwise, all references in this report to “we,” “us,” “our,” or “our Company” refer to Hudson Pacific Properties, Inc. together with its consolidated subsidiaries, including Hudson Pacific Properties, L.P. In statements regarding qualification as a REIT, such terms refer solely to Hudson Pacific Properties, Inc. Unless otherwise indicated or unless the context requires otherwise, all references to “our operating partnership” or “the operating partnership” refer to Hudson Pacific Properties, L.P. together with its consolidated subsidiaries.\n\nHudson Pacific Properties, Inc. is a real estate investment trust, or REIT, and the sole general partner of our operating partnership. As of March 31, 2026, Hudson Pacific Properties, Inc. owned approximately 96.6% of the ownership interest in our operating partnership (including unvested restricted units). The remaining approximately 3.4% interest was owned by certain of our executive officers and directors, certain of their affiliates and other outside investors and includes unvested operating partnership performance units. As the sole general partner of our operating partnership, Hudson Pacific Properties, Inc. has the full, exclusive and complete responsibility for our operating partnership’s day-to-day management and control.\n\nWe believe combining the quarterly reports on Form 10-Q of Hudson Pacific Properties, Inc. and the operating partnership into this single report results in the following benefits:\n\n•enhancing investors’ understanding of our Company and our operating partnership by enabling investors to view the business as a whole in the same manner as management views and operates the business;\n\n•eliminating duplicative disclosure and providing a more streamlined and readable presentation because a substantial portion of the disclosures apply to both our Company and our operating partnership; and\n\n•creating time and cost efficiencies through the preparation of one combined report instead of two separate reports.\n\nThere are a few differences between our Company and our operating partnership, which are reflected in the disclosures in this report. We believe it is important to understand the differences between our Company and our operating partnership in the context of how we operate as an interrelated, consolidated company. Hudson Pacific Properties, Inc. is a REIT, the only material assets of which are the units of partnership interest in our operating partnership. As a result, Hudson Pacific Properties, Inc. does not conduct business itself, other than acting as the sole general partner of our operating partnership, issuing equity from time to time and guaranteeing certain debt of our operating partnership. Hudson Pacific Properties, Inc. itself does not issue any indebtedness but guarantees some of the debt of our operating partnership. Our operating partnership, which is structured as a partnership with no publicly traded equity, holds substantially all of the assets of our Company and conducts substantially all of our business. Except for net proceeds from equity issuances by Hudson Pacific Properties, Inc., which are generally contributed to our operating partnership in exchange for units of partnership interest in our operating partnership, our operating partnership generates the capital required by our Company’s business through its operations, its incurrence of indebtedness or through the issuance of units of partnership interest in our operating partnership.\n\nNon-controlling interest, stockholders’ equity and partners’ capital are the main areas of difference between the consolidated financial statements of our Company and those of our operating partnership. The common units in our operating partnership are accounted for as partners’ capital in our operating partnership’s consolidated financial statements and, to the extent not held by our Company, as a non-controlling interest in our Company’s consolidated financial statements. The differences between stockholders’ equity, partners’ capital and non-controlling interest result from the differences in the equity issued by our Company and our operating partnership.\n\nTo help investors understand the significant differences between our Company and our operating partnership, this report presents the consolidated financial statements separately for our Company and our operating partnership. All other sections of this report, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Quantitative and Qualitative Disclosures About Market Risk,” are presented together for our Company and our operating partnership.\n\nIn order to establish that the Chief Executive Officer and the Chief Financial Officer of each entity have made the requisite certifications and that our Company and our operating partnership are compliant with Rule 13a-15 or Rule 15d-15 of the Securities Exchange Act of 1934, or the Exchange Act and 18 U.S.C. §1350, this report also includes separate Part I, Item 4 “Controls and Procedures” sections and separate Exhibit 31 and 32 certifications for each of Hudson Pacific Properties, Inc. and our operating partnership.\n\n3\n\nHUDSON PACIFIC PROPERTIES, INC. AND HUDSON PACIFIC PROPERTIES, L.P.\n\nTABLE OF CONTENTS\n\nPage\n\n[PART I—FINANCIAL INFORMATION](#i8896d6d76cbf463b8af8b1ba2e7c2480_13)"}