Hudson Pacific Properties, Inc. (NYSE:HPP) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET

Company Participants

Laura Campbell - EVP, IR & Marketing

Victor Coleman - CEO and Chairman

Mark Lammas - President

Harout Diramerian - CFO

Arthur Suazo - EVP, Leasing

Conference Call Participants

Alexander Goldfarb - Piper Sandler

John Kim - BMO Capital Markets

Michael Griffin - Citigroup Inc.

Caitlin Burrows - Goldman Sachs

Blaine Heck - Wells Fargo Securities

Rich Anderson - Wedbush

Ronald Kamdem - Morgan Stanley

Thomas Catherwood - BTIG

Dylan Burzinski - Green Street Advisors

Note: Transcript provided by the company.

Operator

Good morning and welcome to the Hudson Pacific Properties Third Quarter 2023 Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Laura Campbell, Executive Vice President, Investor Relations and Marketing. Please go ahead.

Laura Campbell

Good morning, everyone. Thanks for joining us. With me on the call today are Victor Coleman, CEO and Chairman; Mark Lammas, President; Harout Diramerian CFO; and Art Suazo, EVP of Leasing.

Yesterday we filed our earnings release and supplemental on an 8-K with the SEC, and both are now available on our website. An audio webcast of this call will be available for replay on our website.

Some of the information we'll share on the call today is forward-looking in nature. Please reference our earnings release and supplemental for statements regarding forward-looking information, as well as the reconciliation of non-GAAP financial measures used on this call.

Today, Victor will discuss macro conditions in relation to our business. Mark will provide detail on our office and studio operations and development, and Harout will review our financial results and 2023 outlook. Thereafter, we'll be happy to take your questions.

Victor?

Victor Coleman

Thank you, Laura. Good morning, everyone, and thanks for joining our call today. As we head into year-end with our leasing activity accelerating, we're in a position to begin benefiting next year from both the ongoing sentiment improvement in office and the pending completion of the writers' and related actor strikes. Tech employers along the West Coast are finally enforcing in-office policies mostly three to four days a week and growing. Foot traffic and public transit ridership is improving, and there's a renewed public sector focus in our markets to address crime and safety and implement more pro-business policies.