HUDSON PACIFIC PROPERTIES IN Business Summary

Hudson Pacific Properties (HPP) is a vertically integrated real estate investment trust (REIT) that generates revenue primarily through the acquisition, development, and management of premier office and studio properties. The company operates two distinct segments: an Office Portfolio concentrated in West Coast innovation hubs—including Los Angeles, San Francisco, Seattle, and Vancouver—and a Studio Portfolio, anchored by the Sunset Studios brand and Quixote studio services. Revenue is derived from long-term leases with high-growth technology and media tenants, as well as production-related service fees and equipment rentals. HPP competes directly with major REITs such as BXP, Kilroy Realty (KRC), and Alexandria Real Estate Equities (ARE). Within this peer group, HPP occupies a unique strategic position by combining a "flight-to-quality" Class A office strategy with the world's largest independent studio platform, catering specifically to the convergence of technology and content creation. The company was founded by Victor J. Coleman, who serves as Chairman and Chief Executive Officer and brings over 30 years of experience in West Coast real estate, including the founding of HPP’s predecessor, Hudson Capital. The executive leadership team includes Mark Lammas as President, who previously served as CFO and COO, and Harout Diramerian as Chief Financial Officer. Other key executives include Andy Wattula as Chief Operating Officer and Arthur Suazo as Executive Vice President of Leasing. HPP’s strategic direction is supported by a board of directors that includes notable figures such as Jonathan M. Glaser and Christy Haubegger. The firm is backed by major institutional investors like BlackRock and Vanguard, and it maintains a significant strategic partnership with Blackstone, which holds a 49% interest in HPP’s core studio platform, reinforcing the company’s institutional pedigree and specialized market focus.