Home Alts News Hines Global Income Trust Declares Increased NAV Per Share

Hines Global Income Trust Declares Increased NAV Per Share

Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has declared a net asset value per share for its Class T, Class S, Class D, and Class I shares of common stock.

Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has declared a net asset value per share for its Class T, Class S, Class D, and Class I shares of common stock, as of April 30, 2022.

The REIT’s NAV per share was $11.19 as of April 30, 2022, compared to $11.02 the previous month. Shares were originally priced at $10.00 each, plus applicable upfront selling commissions and dealer manager fees.

The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares. Altus Group U.S. Inc., a third-party firm, assisted with the valuation process.

The REIT’s real estate investments increased from $2.94 billion in March to $3.04 billion in April. Other assets increased from $344.5 million to $394.1 million, while debt and other liabilities decreased slightly from ($1.30 billion) to ($1.29 billion). The number of shares outstanding increased from 180.1 million in March to 191.7 million in April.

From inception in August 2014 through April 15, 2022, Hines Global Income Trust raised approximately $2.1 billion in investor equity in its three public offerings and distribution reinvestment plan. The REIT launched its second follow-on offering at the beginning of June 2021 and has raised $833.3 million as of May 16, 2022.

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