Hudson Pacific Properties, Inc. — Earnings Quality Grade F
HPP · Real Estate
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 92 days, change -0 days YoY
AR growth -1.8% vs revenue growth -1.3%
Revenue -1.3%, CFFO -26.5%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -4.3% vs revenue -1.3%. Normal
SG&A/Gross Profit = 18.1%, excellent (<30%)
Gross margin 48.5%, change +2.5pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.1B, FCF/NI = -0.18
Accruals ratio = -9.4%. Low accruals
Cash $0.1B covers only 4% of debt $3.8B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 11% of equity. Manageable
Interest coverage = -0.3x (<2x). Financial stress
Other assets -3.1% vs revenue -1.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -35% YoY. Normal
Manipulation Score
M-Score = -2.94 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score — Not Applicable
Hudson Pacific Properties, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25