Hudson Pacific sees FY18 FFO $1.87-$1.95, consensus $1.91
The company is providing full-year 2018 FFO guidance in the range of $1.87 to $1.95 per diluted share, excluding specified items. Specified items for purposes of this full-year 2018 FFO guidance consist of the write-off of approximately $0.7M of original issuance costs associated with the anticipated recast of the Company's unsecured revolving credit facility and 5- and 7-year term loan facilities. The full-year 2018 FFO estimate reflects management's view of current and future market conditions, including assumptions with respect to rental rates, occupancy levels and the earnings impact of events referenced in this press release, but otherwise excludes any impact from future unannounced or speculative acquisitions, dispositions, debt financings or repayments, recapitalizations, capital markets activity or similar matters. There can be no assurance that the actual results will not differ materially from this estimate.