Hudson Pacific Properties, Inc. (NYSE:HPP) Q3 2022 Earnings Conference Call November 3, 2022 2:00 PM ET

Company Participants

Laura Campbell - EVP, IR & Marketing

Victor Coleman - Chairman, CEO

Mark Lammas - President

Harout Diramerian - CFO

Arthur Suazo - EVP of Leasing

Conference Call Participants

Alexander Goldfarb - Piper Sandler

Blaine Heck - Wells Fargo

Michael Griffin - Citigroup

John Kim - BMO Capital Markets

David Rodgers - Robert W. Baird

Daniel Ismail - Green Street Advisors

Sumit Sharma - Morgan Stanley

Nicholas Yulico - Scotiabank

Omotayo Okusanya - Credit Suisse

Operator

Good morning, and welcome to the Hudson Pacific Properties Third Quarter 2022 Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Laura Campbell, Executive Vice President of 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 the 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 is forward-looking in nature. Please reference our earnings release and supplemental for statements regarding forward-looking information as well as a reconciliation of non-GAAP financial measures used on this call. Today, Victor will discuss macro conditions and our third quarter highlights. Mark will provide detail on our office leasing, and Harout will touch on our financial results and outlook. Thereafter, we'll be happy to take your questions. Victor?

Victor Coleman

Thanks, Laura, and thank you, everyone, for joining us today. At Hudson Pacific, we're leveraging our expertise and relationships and continuing to hustle every day to get leases signed. I'm proud of our teams' efforts in effectively navigating this very persistent dynamic macro environment, the confluence of monetary policy, potential recession, tight labor markets and a hybrid work continue to impact supply and demand fundamentals in all of our markets.

One offset is that, on a positive level, we are finally seeing more companies bring employees back to the office 2 to 4 days a week, and office users are acquiring, touring and trading paper. Simply though, it's just taking longer to get leases over the finish line as tenants attempt to make mid- to long-term real estate decisions in the face of considerable uncertainty.