Home News Hines Global Income Trust Lowers NAV Per Share for September

Hines Global Income Trust Lowers NAV Per Share for September

The board of Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has declared a net asset value per share for September 30, 2020.

The board of Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has declared a net asset value per share of $9.73 for its Class T, Class S, Class D, and Class I shares of common stock, as of September 30, 2020.

Last month had an NAV per share of $9.82. Shares were originally priced at $10.00 each.

The REIT’s real estate investments totaled roughly $1.62 billion in September, compared to approximately $1.64 billion for August. Other assets increased from $146 million in August to $158.3 million in September, while debt and other liabilities decreased from ($824.3 million) to ($815.2 million), month-over-month.

As of June 30, 2020, Hines Global Income Trust owned 18 properties totaling 8.9 million square feet that were 95 percent leased. The REIT has raised $1.1 billion from the sale of 104.5 million shares through its public offerings, including shares issued through its distribution reinvestment plan.

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