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Hudson Pacific reaffirms FY'18 FFO forecast

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Hudson Pacific reaffirms FY'18 FFO forecast

Hudson Pacific Properties Inc. reiterated its funds from operations guidance for full-year 2018 of $1.83 to $1.89 per diluted share, excluding specified items.

The S&P Global Market Intelligence per-share consensus estimate for the full year is $1.86.

The office landlord reaffirmed the outlook after it disclosed plans to acquire a leasehold interest in the land and improvements of the Ferry Building in downtown San Francisco, alongside Allianz Real Estate, for $291 million.