Hudson Pacific Properties Reinstates Common Stock Quarterly Dividend, Declares Preferred Stock Dividend

Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company”), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Board of Directors has reinstated and declared a dividend for the first quarter of 2024 on its common stock of $0.05 per share, equivalent to an annual rate of $0.20.

“Hudson Pacific’s improved liquidity position, strengthened balance sheet and anticipated taxable income distribution requirements for 2024 resulted in our Board’s decision to reinstate our common stock dividend,” said Victor Coleman, Chairman and Chief Executive Officer.

The Board of Directors has also declared a dividend for the first quarter of 2024 on its 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share. Both dividends will be paid on March 28, 2024 to stockholders of record on March 18, 2024.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.

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