Hudson Pacific Properties promotes top executives Drew Gordon and Andy Wattula.

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HPP Intrinsic Value – Hudson Pacific Properties ($NYSE:HPP) is a real estate investment trust that owns, operates, and develops office and industrial properties in the United States. The company has promoted two of its top executives, Drew Gordon and Andy Wattula. Gordon has been promoted to Chief Investment Officer, and Wattula has been promoted to Chief Operating Officer. As COO, Wattula will oversee operations for the company’s entire office portfolio.

Wattula joined Hudson Pacific in 2017 and has been instrumental in the success of the company’s Seattle and Vancouver operations. The promotions of Gordon and Wattula are part of Hudson Pacific‘s continued commitment to strong leadership and operational excellence. Both executives have a deep understanding of the company’s strategy and are well-positioned to drive continued growth and value creation for Hudson Pacific and its shareholders.

Stock Price

Both have been with the company for many years and have played key roles in its success. The news of the promotions has been well received by investors and the stock market. On Thursday, Hudson Pacific Properties stock opened at $10.5 and closed at $10.3, up by 1.1% from the previous day’s closing price of $10.2. investors are confident in the company’s future prospects.

VI Analysis – HPP Intrinsic Value Calculator

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 portfolio includes properties in Los Angeles, San Francisco, Seattle, Portland, and Denver. Hudson Pacific Properties has a strong balance sheet and a diversified portfolio of properties that generate stable cash flow. The company’s shares are currently trading at a discount to their fair value, making them an attractive investment opportunity.

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 publicly-traded real estate investment trust with a diversified portfolio of Class A office and industrial properties. The company’s shares are traded on the New York Stock Exchange under the ticker symbol “HPP.” The company is headquartered in Los Angeles, California and owns and operates properties in key West Coast markets, including Los Angeles, San Francisco, Seattle and Portland. Hudson Pacific Properties has a strong track record of delivering attractive returns to shareholders.

Investors seeking exposure to the West Coast real estate market may want to consider Hudson Pacific Properties. The company’s shares offer compelling value at current levels and could continue to generate strong returns for investors over the long term.