LOS ANGELES, June 09, 2023–(BUSINESS WIRE)–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 its Board of Directors has declared a dividend for the second quarter of 2023 on its common stock of $0.125 per share, equivalent to an annual rate of $0.50 per share, which compares to the Company’s previous quarterly dividend on its common stock of $0.25 per share. In addition, the Board of Directors declared a dividend on its 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share. Both dividends will be paid on June 30, 2023 to stockholders of record on June 20, 2023. Hudson Pacific currently has more than $800 million in total liquidity, inclusive of construction loan availability, and the new dividend rate on the Company’s common stock will provide an additional $18 million of liquidity this quarter.
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
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Contacts
Investor Contact:
Laura Campbell
Executive Vice President, Investor Relations & Marketing
(310) 622-1702
lcampbell@hudsonppi.com
Media Contact:
Laura Murray
Senior Director, Communications
(310) 622-1781
lmurray@hudsonppi.com