Sale Brings 2026 Dispositions to Nearly $190 Million, Enhancing Liquidity and Supporting Capital Recycling Strategy

Hudson Pacific Properties, Inc. (NYSE:HPP) announced today that it has closed on the sale of Skyport Plaza, a 419,000-square-foot office property in North San Jose, California, for $75.5 million before prorations and closing costs.

The company also sold a real estate asset associated with the winddown of certain Quixote operations, and will use all net proceeds from both sales to pay down its unsecured revolving credit facility, leaving an outstanding balance of $30.0 million.

"The monetization of Skyport Plaza, a largely vacant asset that would have required significant capital to lease up, adds to our liquidity and provides greater financial flexibility to fund leasing at our higher-potential properties and support ongoing operations," said Victor Coleman, Chairman and CEO of Hudson Pacific. "We have now successfully closed five sales transactions this year, bringing gross proceeds from dispositions to nearly $190 million."

About Hudson Pacific Properties

Hudson Pacific Properties, Inc. (NYSE:HPP) owns, operates, develops and redevelops top-tier office real estate across high-barrier-to-entry West Coast gateway markets, including the San Francisco Bay Area, Los Angeles, Seattle and Vancouver. The company also owns a studio platform unique among publicly traded REITs, comprising one of the largest independent studio operations in Los Angeles, along with an additional studio in New York. Hudson Pacific's in-service portfolio of 44 properties includes approximately 12.2 million square feet of office space and approximately 1.7 million square feet of studio space, leased to investment-grade and blue-chip tenants in technology and media, balanced by legal, government, retail and financial and business services users. The company has been named GRESB's Global Sector Leader for U.S. office five years running and was one of the first REITs to achieve carbon neutrality across its operations, which it has maintained since 2020. For more information, visit HudsonPacificProperties.com.

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Investor Contact

Laura Campbell

Executive Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.com

Media Contact

Laura Murray

Vice President, Communications

(310) 622-1781

lmurray@hudsonppi.com