Hudson Pacific PropertiesNYSE: HPP

Investors need to pay close attention to Hudson Pacific (HPP) stock based on the movements in the options market lately.

Although the financial results of Hudson Pacific (HPP) for the quarter ending in March 2024 provide an overview of the company's performance, it may be beneficial to analyze how certain key metrics stack up against Wall Street projections and figures from the same period last year.

Hudson Pacific Properties has reinstated its suspended quarterly cash dividend. The REIT conducted $1 billion in asset sales in 2023 as higher office vacancies continue to pressure FFO. The leases for a third of HPP's office rent base come up for renewal over the next two years, with rents set to drop dramatically.

Hudson Pacific missed FFO estimates in Q4 amid a bevy of industry headwinds. The company also issued light forward FFO guidance.

Hudson Pacific Properties, Inc. (HPP) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Hudson Pacific (HPP) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hudson Pacific Properties (HPP) came out with quarterly funds from operations (FFO) of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.49 per share a year ago.

Michael Burry, the medical doctor turned successful investor, made a name for himself in 2008 when he correctly predicted the crisis and shorted the U.S. housing market.

Hudson Pacific (HPP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.