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-0.0010070493454179 -0.00302114803625371 -0.00201409869083581 -0.0010070493454179 0.00302114803625389 0.0050352467270897 0.0050352467270897 0.0050352467270897
Stock impact report

Hudson Pacific Properties: The Preferreds Have Dipped, But I'm Not Buying [Seeking Alpha]

Hudson Pacific Properties, Inc. (HPP) 
Last hudson pacific properties, inc. earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: hudsonpacificproperties.com
Company Research Source: Seeking Alpha
Follow Summary Hudson Pacific Properties has faced headwinds from rising office vacancy in the San Francisco Bay Area. The Series C Preferreds currently offer a 9.3% yield on cost and are trading at a reasonable discount to their liquidation value. HPP faces a $600 million debt maturity due next year and $952.8 million in 2026 as leases covering 18.9% of its rent are set to expire next year. Matteo Colombo Hudson Pacific Properties ( NYSE: HPP ) has shed an intense amount of value over the last few months as the office REIT faces ever-higher vacancy rates, falling net operating income, and cash rent that's dipping. HPP last declared a quarterly cash dividend of $0.05 per share , kept unchanged from its prior distribution and $0.20 per share annualized for a 4% dividend yield. The Series C Preferreds NYSE: HPP.PR.C ), currently trading at $12.80 per share, would dip as low as $11 per share, or 45 cents on the dollar, but now offer a 9.3% yield on cost on the back of the $1 Show less Read more
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