Hudson Pacific Properties, Inc. (NYSE:HPP) Q2 2022 Results Conference Call July 27, 2022 2:00 PM ET
Company Participants
Laura Campbell - EVP, IR & Marketing
Victor Coleman - Chairman, CEO
Mark Lammas - President
Harout Diramerian - CFO
Art Suazo - EVP of Leasing
Conference Call Participants
Alexander Goldfarb - Piper Sandler
Daniel Ismail - Green Street
David Rodgers - Baird
Jamie Feldman - Bank of America
Michael Griffin - Citi
Tayo Okusanya - Credit Suisse
Ronald Kamdem - Morgan Stanley
Vikram Malhotra - Mizuho
Michael Bilerman - Citi
Operator
Good morning, and welcome to the Hudson Pacific Properties First (sic) [Second] 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, 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. The audio webcast of this call will be available for replay on our website.
Some of the information we'll share on this 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 touch on our strategy and the macro environment. Mark will discuss progress on leasing, development and asset sales, and Harout will provide more detail on our second quarter financial results and outlook. Thereafter, we'll be happy to take your questions.
Victor?
Victor Coleman
Thank you, Laura, and thank you, everyone, for joining us today. Day in and day out, every level of our organization is committed and focused as we work to make the right decisions that move our business forward in alignment with our core investment thesis. We're continuing to evolve in line with the synergistic converging and secular nature of the tech and media industries, leveraging our unique ability to deliver world-class office and studio facilities that position us to outperform over the long term.
The fact that we're making progress against the persistent pandemic backdrop and rapidly evolving economic environment is a testament to our team's efforts and dedication. Office utilization throughout our portfolio continues to rise, and is now in the mid-40s to 50% range, up from its low, about 5% to 10% in the height of the pandemic.