COMP <GO>

HPP vs V // FORWARD P/E MULTIPLE

Hudson Pacific Properties Inc. (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: HPP 1 — V 7

■ METRIC PARITY

LAST: $9.87 (-6.36%) • MKT CAP: $572.0M

forward-pe

—

LAST: $425.51 (+2.88%) • MKT CAP: $738.98B

forward-pe

34.0x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HPP VS. V) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	HPP	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-19.90%	32.30%	-52.20	V	/roic <GO>
EV/EBITDA & P/E Valuation	—	28.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	20.10%	2.90%	+17.20	HPP	/fcf-yield <GO>
Operating Margin	—	60.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	-60.00%	50.10%	-110.10	V	/net-margins <GO>
Revenue Growth (YoY)	-1.30%	11.30%	-12.60	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.06%	0.63%	-0.57	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	9.09	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	9/9	-6.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	44.5	67.7	-23.20	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	—	34.0x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$572.0M	$738.98B	-$738.41B	V	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	HPP REV	V REV	HPP GROSS %	V GROSS %	HPP FCF	V FCF
FY 2025	$831.1M	$40.00B	—	—	$121.0M	$21.26B
FY 2024	$842.1M	$35.93B	—	—	$164.7M	$18.33B
FY 2023	$952.3M	$32.65B	—	—	$232.3M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

HPP // BETA —

V // BETA 1.06