Hudson Pacific Properties, Inc. (NYSE:HPP) Q1 2023 Earnings Conference Call May 9, 2023 12:00 PM ET
Company Participants
Laura Campbell - EVP, IR & Marketing
Victor Coleman - CEO, Chairman
Mark Lammas - President
Harout Diramerian - CFO
Art Suazo - EVP, Leasing
Jeff Stotland - EVP, Global Studios
Conference Call Participants
Alexander Goldfarb - Piper Sandler
Nick Joseph - Citi
Nick Yulico - Scotiabank
Dylan Burzinski - Green Street
John Kim - BMO Capital Markets
Blaine Heck - Wells Fargo
Ronald Kamdem - Morgan Stanley
Operator
Thank you all for joining. I would like to welcome you to the Hudson Pacific Properties First Quarter 2023 Earnings Conference Call. My name is Brica, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode and you will have an opportunity to ask a question after the presentation. [Operator Instructions]
Thank you. I would now like to turn the conference over to Laura Campbell to begin. So, Laura, you may begin.
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 today on the call 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 leasing, and Harout will review our financial results and 2023 outlook. Thereafter, we'll be happy to take your questions. Victor?
Victor Coleman
Good morning everyone and welcome to our first quarter call. In the first few months of the year, macroeconomic challenges have persisted, exacerbating uncertainty and putting downward pressure on office market fundamentals. We will touch on how this is impacting our leasing activity in a moment.
Recently, however, we've seen much more of big tech return-to-work announcements, bringing employees back to office multiple days a week, citing performance, and efficiency concerns. These include Amazon, Oracle, Redfin, Lyft, and DocuSign to name a few. Castle Data and Transit Ridership also show improvement across our markets.