HUDSON PACIFIC PPT.DL-,01 Aktie

Our sell rating on Hudson Pacific Properties, Inc. in August has proven accurate due to significant issues plaguing this office properties REIT. Occupancy is below 80%, FFO has declined drastically, and debt to EBITDA has continued moving up. We look at the Q3-2024 numbers and tell you why the trend is still your friend.» Mehr auf seekingalpha.com

Hudson Pacific Properties suspended its common shareholder dividend due to rising vacancy rates and weak demand for studio space post-2023 Hollywood strikes. HPP's Q3 2024 revenue dropped 13.4% year-over-year, missing estimates by $12.7 million, while FFO fell to $0.11 per share. The Company faces significant debt maturities, with $600 million due in 2025 and $976 million in 2026, amid a challenging San Francisco office market.» Mehr auf seekingalpha.com

U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueling bets that the Federal Reserve may have to slow the pace of policy easing, the Consumer Price Index and Producer Price Index each posted fractional upside surprises in October. After surging nearly 5% last week en route to fresh record highs, the S&P 500 dipped 2.1% on the week, with healthcare and technology stocks under particularly sharp pressure.» Mehr auf seekingalpha.com