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Hines REIT’s Monthly Total NAV Declines 0.25%

Hines REIT’s Monthly Total NAV Declines 0.25%. Alternative investments, Hines Global Income Trust, NAV, net asset value, REIT, real estate investment trust

Hines Global Income Trust Inc., a monthly net asset value real estate investment trust, reported that its total NAV declined in value by 0.25% month-over-month as of the close of January – from $2.63 billion at the close of 2023 to $2.62 billion.

Its declared monthly NAV per share (inclusive of Class T, Class S, Class D, Class I, and Class AX/JX shares) declined month-over-month by 0.5%, from $10.07 per share as of Dec. 31, 2023, to $10.02 per share as of Jan. 31, 2024.

As of Jan. 31, 2024, the REIT owned interests in 42 real properties that were 95% leased and consisted of 18.3 million square feet of leasable space (based on information as of Sept. 30, 2023, but reflecting the acquisitions of the IBM 500 Campus in Durham, N.C., in December 2023, and Hanover Diridon West – a Class-A multifamily asset in San Jose, Calif., in January 2024). The REIT was 34% levered based on the valuations of our real properties.

The REIT board of directors authorized monthly gross distribution of $0.05 per share for each share class for the month of February 2024 and will be paid to all stockholders on March 1, 2024.

Hines Global Income Trust is a public, non-listed real estate investment trust. It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally.

 

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