Hines REIT Reports Hypothetical Shareholder Returns Following Final Distribution Approval
Hines Real Estate Investment Trust Inc., a publicly registered non-traded REIT, has reported hypothetical shareholder returns following this week’s approval of its final liquidation distribution of $0.08 to shareholders of record as of March 2, 2018.
Hines Real Estate Investment Trust Inc., a publicly registered non-traded REIT, has reported hypothetical shareholder returns following this week’s approval of its final liquidation distribution of $0.08 to shareholders of record as of March 2, 2018.
For a hypothetical $100,000 investment made in January 2005 at $10.00 per share, an investor would have received $64,585 in total cash distributions and $65,800 in total liquidating distributions for a total return of approximately 30.4 percent, or an annualized return of roughly 2.0 percent.
For a $100,000 investment made in July 2009 at $10.08 per share, an investor would have received $36,392 in total cash distributions and $65,278 in total liquidating distributions for a total return of approximately 1.7 percent, or an annualized return of approximately 0.17 percent.
Shareholders who purchased shares in October 2008 at $10.66 per share would have realized a total return of 0.64 percent, or 0.06 percent annualized, which represents the lowest returns compared to other periods.
Participants in the Hines REIT dividend reinvestment plan who began investing in January 2005 would have received $14,640 in total cash distributions and $124,330 in total liquidating distributions for a total return of approximately 39.0 percent, or roughly 2.5 percent annualized.
Participants in the Hines REIT DRIP who began investing in July 2009 would have received $10,954 in total cash distributions and $93,027 in total liquidating distributions for a total return of approximately 4.0 percent, or roughly 0.4 percent annualized.
DRIP participants that invested in October 2008 would have received $10,876 in total cash distributions and $92,361 in total liquidating distributions for a total return of approximately 3.2 percent, or roughly 0.3 percent annualized, the lowest returns compared to other periods.
Hines REIT, which was formed in August 2003 to invest in commercial real estate with a focus on office properties, raised $2.6 billion in investor equity prior to closing its offering in December 31, 2009. Stockholders approved the REIT’s plan of liquidation and dissolution in November 2016. Hines REIT was the first of three non-traded REITs sponsored by international real estate firm Hines.
