Hudson Pacific: Q3 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Hudson Pacific Properties Inc. (HPP) on Wednesday reported a key measure of profitability in its third quarter. The results surpassed Wall Street expectations.
The Los Angeles-based real estate investment trust said it had funds from operations of $16.7 million, or 4 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 2 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $136.5 million, or 30 cents per share.
The real estate investment trust, based in Los Angeles, posted revenue of $186.6 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPP at https://www.zacks.com/ap/HPP