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LOS ANGELES - Hudson Pacific Properties, Inc. (NYSE:HPP) announced the election of T. Ritson Ferguson to its Board of Directors and the retirement of Director Mark D. Linehan, both effective September 11, 2025. The leadership change comes as the company faces challenging market conditions, with InvestingPro data showing a 40.73% decline in stock value over the past year.
Ferguson currently serves as an Independent Investment Committee Member of CBRE Investment Management Listed Real Assets. His previous roles include Global CEO and Global CIO of CBRE Investment Management, as well as Vice Chairman, CEO and CIO of Listed Real Assets. Ferguson also holds positions as Vice Chair and Audit Committee member of the Duke University Endowment Board and Board Chair of the CBRE Clarion Global Real Estate Income Fund (NYSE:IGR).
Linehan is departing after 14 years of service on Hudson Pacific’s board, having been a member since the company’s initial public offering.
"We are delighted to welcome Ritson to our Board," said Victor Coleman, Hudson Pacific’s Chairman and CEO, in a press release statement. Coleman noted Ferguson’s more than 30 years of leadership in the REIT sector and investment management experience.
Hudson Pacific Properties specializes in real estate solutions for tech and media tenants, with a portfolio focused on office and studio space primarily on the West Coast. The company describes itself as providing end-to-end real estate solutions for these sectors.
The board change comes as the company aims to strengthen its position in the West Coast office and studio real estate market, according to the announcement.
In other recent news, Hudson Pacific Properties reported its second-quarter 2025 earnings, which showed a larger-than-expected loss per share and a slight revenue miss. The company posted an earnings per share (EPS) of -$0.41, which was below the forecasted -$0.35, representing a 17.14% negative surprise. Revenue for the quarter was $190 million, falling short of the anticipated $196.32 million. Despite these financial results, the company’s stock experienced a rise in aftermarket trading. This development comes amid ongoing investor interest in Hudson Pacific Properties’ financial performance and market position. Analyst firms have not recently issued upgrades or downgrades for the company, leaving the focus primarily on its earnings report. Investors continue to closely monitor Hudson Pacific Properties for any further updates or changes in financial outlook.
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