Is Hudson Pacific Properties a Buy?

Real estate investment trusts (REITs) focused on office buildings are bouncing back this year as some pandemic-related headwinds fade. The average office REIT generated a more than 15% total return through the end of June after delivering a negative 18.4% total return last year. West Coast-focused office REIT Hudson Pacific Properties (NYSE: HPP) has joined that rally, with its shares up more than 17% this year.