Hudson Pacific Properties, Inc. (NYSE: HPP) today
announced that the company’s Board of Directors has declared a quarterly
dividend on its common stock of $0.20 per share for the fourth quarter
of 2015. The dividend will be paid on December 30, 2015 to stockholders
of record on December 20, 2015. The dividend is equivalent to an annual
rate of $0.80 per share and is a 60.0% increase from the previous
annualized dividend level of $0.50 per share.
About Hudson Pacific Properties
Hudson Pacific Properties is a vertically integrated real estate company
focused on acquiring, repositioning, developing and operating
high-quality office and state-of-the-art media and entertainment
properties in select West Coast markets. HPP invests across the
risk-return spectrum, favoring opportunities where it can employ
leasing, capital investment and management expertise to create
additional value. Founded in 2006 as Hudson Capital, the company went
public in 2010, electing to be taxed as a real estate investment trust.
Through the years, HPP has strategically assembled a portfolio totaling
approximately 17.3 million square feet, including land for development,
in high-growth, high-barrier-to-entry submarkets throughout Northern and
Southern California and the Pacific Northwest. The company is a leading
provider of design-forward, next-generation workspaces for a variety of
tenants, with a focus on Fortune 500 and industry-leading growth
companies, many in the technology, media and entertainment sectors. As a
long-term owner, HPP prioritizes tenant satisfaction and retention,
providing highly customized build-outs and working proactively to
accommodate tenants’ growth. HPP trades as a component of the Russell
2000® and the Russell 3000® indices. For more information visit
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,
2014 filed with the Securities and Exchange Commission, or SEC, on
March 2, 2015, as amended, and other risks described in documents
subsequently filed by the Company from time to time with the SEC.
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