Hudson Pacific Properties, Inc. PP&E Disclosure
| Asset Description | Estimated Useful Life (Years) | |||||||
| Building and improvements | Shorter of the ground lease term or 39 | |||||||
| Land improvements | 15 | |||||||
| Furniture and fixtures | 5 to 7 | |||||||
| Tenant and leasehold improvements | Shorter of the estimated useful life or the lease term | |||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| Trailers | $ | 36,834 | $ | 77,903 | |||||||
| Production equipment | 43,325 | 42,954 | |||||||||
| Trucks and other vehicles | 17,195 | 22,035 | |||||||||
| Leasehold improvements | 31,030 | 21,792 | |||||||||
| Furniture, fixtures and equipment | 1,704 | 2,454 | |||||||||
| Other equipment | 12,522 | 14,912 | |||||||||
| Non-real estate property, plant and equipment, at cost | 142,610 | 182,050 | |||||||||
| Accumulated depreciation | (70,213) | (54,983) | |||||||||
| NON-REAL ESTATE PROPERTY, PLANT AND EQUIPMENT, NET | $ | 72,397 | $ | 127,067 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 10, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2018 | Feb 16, 2018 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.