Hudson Pacific Properties Acquires More Stake in Operating Partnership

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Hudson Pacific Properties ($NYSE:HPP) is a real estate investment trust which focuses on acquiring, repositioning, and developing high-quality office and state-of-the-art studio properties in the high-growth & high barrier to entry market. The company owns approximately 98.4% of the operating partnership, up significantly from FY 2015, when it had just 61% of the total partnership stake. This increased ownership stake gives Hudson Pacific more control over its operating partnership, which it can use to further grow and expand its business. The company has been on a bit of an acquisition spree lately, acquiring several high-quality properties in key markets across the United States.

With the added control of its operating partnership, Hudson Pacific is in a strong position to continue growing its business and expanding its portfolio of properties. This is good news for investors, as the company is likely to continue generating strong returns in the future.

Share Price

Hudson Pacific Properties has been in the news recently for acquiring more stake in its operating partnership. The news coverage has mostly been negative, with critics saying that the move is a sign of the company’s financial troubles.

However, on Tuesday, Hudson Pacific Properties stock opened at $10.5 and closed at $11.0, a rise of 5.3% from the previous closing price of $10.4. This indicates that investors are not as worried about the company’s future as the critics are. Hudson Pacific Properties is a real estate investment trust that owns, operates, and develops office, retail, and industrial properties in the United States. The company has been facing financial difficulties in recent years, but the acquisition of more stake in its operating partnership may help to turn things around. Only time will tell if this move will be successful.

VI Analysis

The company has a strong focus on the West Coast U.S. market, and its portfolio consists of high-quality assets in prime locations. Hudson Pacific Properties has a strong balance sheet and is well-positioned to weather any economic downturn. The company’s fundamentals reflect its long-term potential, and it is classified as a “cow” a type of company that has the track record of paying out consistent and sustainable dividends. Investors interested in Hudson Pacific Properties may be attracted to its strong asset base, dividend history, and growth potential. However, the company does have some debt, so investors should monitor its financial health closely.

VI Peers

The company’s competitors include Douglas Emmett Inc, Corporate Office Properties Trust, and Inovalis Real Estate Investment Trust.

– Douglas Emmett Inc ($NYSE:DEI)

Douglas Emmett, Inc. is a real estate investment trust that acquires, develops, and operates office and residential properties in California and Hawaii. The company has a market cap of $2.93 billion as of 2022. Douglas Emmett is headquartered in Santa Monica, California and was founded in 1971.

– Corporate Office Properties Trust ($NYSE:OFC)

Corporate Office Properties Trust is a publicly traded real estate investment trust that invests in office properties in the United States. The company was founded in 1997 and is headquartered in Columbia, Maryland. As of December 31, 2020, the company owned and operated 156 office properties with approximately 22.1 million square feet of office space.

– Inovalis Real Estate Investment Trust ($TSX:INO.UN)

Inovalis Real Estate Investment Trust is a Canada-based real estate investment trust, which invests in office properties located in France and Germany. As of December 31, 2020, the company’s portfolio consisted of 17 office properties, totaling approximately 1.4 million square meters of leasable space.

Summary

Hudson Pacific Properties is a real estate investment trust that owns, operates, and develops office, industrial, and retail properties in the United States. The company’s shares have been trading at around $30 per share in recent months. Investing in Hudson Pacific Properties could be a good way to gain exposure to the growing U.S. economy. The company has a diversified portfolio of properties across the country and is well-positioned to benefit from the continued expansion of the U.S. economy.

Hudson Pacific Properties has a strong balance sheet and is generate healthy cash flows. Investors interested in Hudson Pacific Properties should consider doing further research to determine if the company is a good fit for their investment portfolio.