Hines Global Income Trust Declares 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, as of November 30, 2021.
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 November 30, 2021.
The REIT’s NAV per share was $10.50 as of November 30, 2021, compared to $10.43 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 $2.41 billion in October to $2.53 billion in November. Other assets increased from $166.7 million to $179.8 million, month-over-month, while debt and other liabilities increased from nearly ($1.11 billion) to ($1.16 billion). The number of shares outstanding increased from 141.3 million in October to 147.6 million in November.
From inception in August 2014 through May 13, 2021, Hines Global Income Trust raised approximately $1.3 billion in investor equity in its public offerings. The REIT launched its second follow-on offering at the beginning of June 2021 and has raised $323 million as of mid-December 2021.
