Hudson Pacific Raises 2026 Outlook on Bay Area Leasing, but $218MM Q3 Loss Pushes 19-Quarter Losing Streak to $1.56B

Hudson Pacific Properties pushed in-service office occupancy to 85.6 percent and raised its full-year earnings outlook on the strength of Bay Area leasing led by Palo Alto, even as impairments at North San Jose's Skyport Plaza and Seattle's Hill7 produced a $218.1 million third-quarter net loss and investors sent the stock sharply lower.