Hudson Pacific Properties, Inc. (HPP) Q3 2024 Earnings Call Transcript
While we reported GAAP and cash rent spreads, 11.5% and 13.3% on prior levels but for a 29,000 square foot short-term lease in Los Angeles and two mid-size Bay Area leases totaling 68,000 square feet, one in Palo Alto, the other in downtown San Francisco, our GAAP and cash rent spreads would have been essentially flat.