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Hudson Pacific Properties Inc | 4.750% Series C Cumulative Preferred Stock (HPP.PRC)
Prospectus excerpt: We are offering16,000,000 shares of our 4.750% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the series C preferred stock. We will pay cumulative dividends on the series C preferred stock from the date of first issue of any shares of series C preferred stock at a rate of 4.750% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.1875 per share). Dividends on the series C preferred stock will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, beginning on or about March 31, 2022. The series C preferred stock will rank senior to our common stock with respect to dividend rights and rights upon our liquidation, dissolution or winding up. Full Prospectus PDF », Secondary Prospectus PDF », HPP Page »
Series: | C | Alternate symbology: | HPP-C, HPP-PC, HPPprC | Redeemable?: | Yes | Call Date: | 11/16/2026 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 16,000,000 | Overallotment: | 2,400,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $14.20 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-10.80 (-43.20%) | Annualized Dividend: | 1.1875 | Recent Ex-Date: | 3/15/2024 | Current Yield: | 8.36% | Original Coupon: | 4.75% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
Learn HPP.PRC's Rating
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Hudson Pacific Properties is a holding company. Through its subsidiaries, Co. is a real estate company focused on acquiring, repositioning, developing and operating office and studio properties in submarkets throughout Northern and Southern California, the Pacific Northwest, Western Canada and Greater London, U.K. Co. owns its interests in all of its properties and conducts substantially all of its business through its operating partnership, Hudson Pacific Properties, L.P. Co. has three segments: office properties, studio properties, and the management entity's operations. Preferreds: HPP.PRB, HPP.PRC Open the HPP Information Page »
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Name: |
Hudson Pacific Properties Inc |
Sector: |
REITs |
Number of ETFs Holding HPP: |
49 (see which ones) |
Total Market Value Held by ETFs: |
$221,241,129.66 |
Total Market Capitalization: |
$806,000,000 |
% of Market Cap. Held by ETFs: |
27.45% |
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