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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.

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 January 31, 2022.

The REIT’s NAV per share was $10.82 as of January 31, 2022, compared to $10.78 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 $2.71 billion in December to $2.87 billion in January. Other assets decreased from $301.8 million to $225.2 million, month-over-month, while debt and other liabilities remained flat at ($1.34 billion). The number of shares outstanding increased from 154.8 million in December to 162.0 million in January.

From inception in August 2014 through May 13, 2021, Hines Global Income Trust raised approximately $1.9 billion in investor equity in its public offerings and distribution reinvestment plan. The REIT launched its second follow-on offering at the beginning of June 2021 and has raised $497.3 million as of February 11, 2022.

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