Hines Global Income Trust Reports Monthly 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 September 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 September 30, 2021.
The REIT’s NAV per share was $10.32 as of September 30, 2021, compared to $10.26 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 slightly from $2.33 billion in August to $2.34 billion in September. Other assets decreased from $178 million to $170.1 million, month-over-month, while debt and other liabilities decreased from ($1.15 billion) to ($1.10 billion). The number of shares outstanding increased from approximately 132.3 million in August to 137.0 million in September.
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 $175.8 million as of mid-October 2021.
