Hudson Pacific Properties Q4 FFO Per Share Excluding Specified Items $0.14 Misses $0.15 Estimate, Sales $223.42M Miss $223.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudson Pacific Properties (NYSE:HPP) reported a Q4 FFO Per Share Excluding Specified Items of $0.14, missing the $0.15 estimate, and sales of $223.42M, missing the $223.93M estimate. This represents a 71.43% decrease in FFO per share and a 17.23% decrease in sales from the same period last year.
February 12, 2024 | 10:03 pm
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NEGATIVE IMPACT
Hudson Pacific Properties reported a significant miss in Q4 FFO per share and sales, indicating a substantial year-over-year decline.
The miss in both FFO per share and sales, coupled with the significant year-over-year declines, suggests a negative outlook for HPP in the short term. Investors may react negatively to the earnings miss and the substantial decrease in financial performance compared to the previous year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100