Hudson Pacific Properties, Inc. Declares First Quarter 2013 Dividends
Hudson Pacific Properties, Inc. (the “Company”) (NYSE: HPP) announced
that the Company’s Board of Directors has declared a quarterly dividend
on its common stock of $0.125 per share for the first quarter of
2013. The dividend will be paid on April 1, 2013 to stockholders of
record on March 20, 2013.
In addition, the Board of Directors also declared a dividend for the
first quarter of 2013 on its 8.375% Series B Cumulative Preferred Stock
of $0.52344 per share. The dividend will be paid on April 1, 2013 to
stockholders of record on March 20, 2013.
About Hudson Pacific Properties
Hudson Pacific Properties, Inc. is a full-service, vertically integrated
real estate company focused on owning, operating and acquiring
high-quality office properties and state-of-the-art media and
entertainment properties in select growth markets primarily in Northern
and Southern California. The Company’s strategic investment program
targets high barrier-to-entry, in-fill locations with favorable,
long-term supply-demand characteristics in select target markets,
including Los Angeles, Orange County, San Diego and San Francisco. The
Company’s portfolio currently consists of approximately 5.5 million
square feet, not including undeveloped land that the Company believes
can support an additional 2.0 million square feet. The Company has
elected to be taxed as a real estate investment trust, or REIT, for
federal income tax purposes. Hudson Pacific Properties is a component of
the Russell 2000® and the Russell 3000® indices. For additional
information, please visit www.hudsonpacificproperties.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,” or
“potential” or the negative of these words and phrases or similar words
or phrases that are predictions of or indicate future events or trends
and that do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond the Company’s control, that
may cause actual results to differ significantly from those expressed in
any forward-looking statement. All forward-looking statements reflect
the Company’s good faith beliefs, assumptions and expectations, but they
are not guarantees of future performance. Furthermore, the Company
disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying assumptions
or factors, of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that could
cause the Company’s future results to differ materially from any
forward-looking statements, see the section entitled “Risk Factors” in
the Company’s Annual Report on Form 10-K for the year ended December 31,
2011 filed with the Securities and Exchange Commission on March 14,
2012, and other risks described in documents subsequently filed by the
Company from time to time with the Securities and Exchange Commission.
