HGIT on OTC
HINES GLOBAL INCOME TRUST, INC.
American real estate investment trust based in Houston, active since 2013. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerHGIT on OTC2
- IndustryReal Estate Investment Trusts2
- HeadquartersHouston, United States2
- Incorporated inMD4
- Business address845 Texas Avenue, Suite 3300, Houston, Tx 770024
- Filer categoryNon-accelerated filer4
- Legal formCorporation2
- Kind of organizationReal estate investment trust2
- LEI549300KOQVUDSU8MQH552
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O The Corporation Trust Incorporated, 21201 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D153761712
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Hines Global Income Trust, Inc. (“Hines Global”), is a Maryland corporation formed in 2013 for the purpose of raising capital through public stock offerings and investing in a diversified portfolio of quality commercial real estate properties and other real estate investments located throughout the United States and internationally, and to a lesser extent, invest in real-estate related securities. Hines Global is sponsored by Hines, a fully integrated global real estate investment and management firm that has acquired, developed, owned, operated and sold real estate for over 68 years.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
1675.4%Gross margin3
109.9%Net margin3
26.4%Revenue growth, 20253
0.9%Return on equity3
1.20×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Residential/Living Investments brought in 30% of the revenue HINES GLOBAL INCOME TRUST, INC. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Residential/Living Investments | $78.8M | $99.3M | $128.3M |
| Industrial Investments | $94.4M | $94.8M | $119.5M |
| Office Real Estate Investments | $72.1M | $85.8M | $82.5M |
| Retail Investments | $36.5M | $36.5M | $58.3M |
| Other Investment | $31.4M | $32.4M | $36.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Income tax11¢$2.0M
- Profit89¢$17.3M
Out of $15.7M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Share buybacks100¢$251.2M
Out of $54.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenue | $409.5M | $336.5M | $302.9M |
| Other revenue | $15.7M | $12.5M | $10.3M |
| Total revenues | $425.2M | $348.9M | $313.2M |
| Property operating expenses | $161.5M | $134.6M | $123.0M |
| Depreciation and amortization | $163.5M | $133.1M | $130.4M |
| Asset management fees | $40.4M | $33.2M | $30.5M |
| Performance participation allocation | $24.8M | $0 | $0 |
| General and administrative expenses | $8.9M | $8.8M | $9.5M |
| Impairment losses | $3.1M | $0 | $813.0K |
| Total expenses | $402.2M | $309.7M | $294.2M |
| Gain (loss) on derivative instruments | -$177.0K | $3.4M | $4.3M |
| Gain (loss) on investments in real estate-related securities | -$4.1M | $7.3M | $14.4M |
| Gain on sale of real estate | $149.6M | $9.2M | $0 |
| Foreign currency gains (losses) | $9.7M | -$185.0K | $3.3M |
| Interest expense | -$156.1M | -$128.2M | -$90.4M |
| Other income and expenses | $21.0M | $22.9M | $13.4M |
| Income (loss) before benefit (provision) for income taxes | $43.0M | -$46.3M | -$36.2M |
| Benefit (provision) for income taxes | -$2.0M | -$821.0K | -$2.4M |
| Provision for income taxes related to sale of real estate | -$23.3M | $0 | $0 |
| Net (income) loss attributable to noncontrolling interests | -$298.0K | -$58.0K | -$13.0K |
| Net income (loss) attributable to common stockholders | $17.3M | -$47.2M | -$38.6M |
| Basic income (loss) per common share (usd per share) | $0.06 | -$0.18 | -$0.15 |
| Diluted income (loss) per common share (usd per share) | $0.06 | -$0.18 | -$0.15 |
| Weighted average number of common shares outstanding, basic (in shares) | 283.5M shares | 263.1M shares | 259.2M shares |
| Weighted average number of common shares outstanding, diluted (in shares) | 283.5M shares | 263.1M shares | 259.2M shares |
| Net income (loss) | $17.6M | -$47.1M | -$38.6M |
| Foreign currency translation adjustment | $40.2M | -$14.8M | $13.9M |
| Comprehensive income (loss) | $57.8M | -$61.9M | -$24.7M |
| Comprehensive (income) loss attributable to noncontrolling interests | -$298.0K | -$58.0K | -$13.0K |
| Comprehensive income (loss) attributable to common stockholders | $57.5M | -$61.9M | -$24.7M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Investment property, net | $4.9B | $3.5B |
| Investments in real estate-related securities | $172.1M | $164.6M |
| Cash and cash equivalents | $172.1M | $132.4M |
| Restricted cash | $9.6M | $8.8M |
| Derivative instruments | $28.8M | $19.0M |
| Tenant and other receivables, net | $93.5M | $89.0M |
| Intangible lease assets, net | $408.5M | $250.7M |
| Financing lease right-of-use asset, net | $15.3M | $15.5M |
| Deferred leasing costs, net | $90.0M | $62.0M |
| Deferred financing costs, net | $6.3M | $615.0K |
| Other assets | $67.9M | $58.0M |
| Total assets | $6.0B | $4.3B |
| Accounts payable and accrued expenses | $123.7M | $92.9M |
| Intangible lease liabilities, net | $82.6M | $54.1M |
| Financing lease liability | $17.5M | $17.5M |
| Financing obligations | $1.2B | $545.4M |
| Distributions payable | $14.9M | $13.4M |
| Notes payable, net | $2.4B | $1.6B |
| Total liabilities | $4.0B | $2.5B |
| Commitments and contingencies (Note 13) | $0 | $0 |
| Preferred shares, $0.001 par value per share; 500,000 preferred shares authorized, none issued or outstanding as of December 31, 2025 and 2024 | $0 | $0 |
| Common shares, $0.001 par value per share (Note 8) | $296.0K | $266.0K |
| Additional paid-in capital | $2.9B | $2.6B |
| Accumulated distributions in excess of earnings | -$929.3M | -$776.6M |
| Accumulated other comprehensive income (loss) | $22.2M | -$18.0M |
| Total stockholders equity | $2.0B | $1.8B |
| Noncontrolling interests | $0 | $0 |
| Total equity | $2.0B | $1.8B |
| Total liabilities and equity | $6.0B | $4.3B |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in shares) | 500.0M shares | 500.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
| Common stock par value (in dollars per share) | $0.00 | $0.00 |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Investment property, net | $4.9B | $3.5B |
| Investments in real estate-related securities | $172.1M | $164.6M |
| Cash and cash equivalents | $172.1M | $132.4M |
| Restricted cash | $9.6M | $8.8M |
| Derivative instruments | $28.8M | $19.0M |
| Tenant and other receivables, net | $93.5M | $89.0M |
| Intangible lease assets, net | $408.5M | $250.7M |
| Financing lease right-of-use asset, net | $15.3M | $15.5M |
| Deferred leasing costs, net | $90.0M | $62.0M |
| Deferred financing costs, net | $6.3M | $615.0K |
| Other assets | $67.9M | $58.0M |
| Total assets | $6.0B | $4.3B |
| Accounts payable and accrued expenses | $123.7M | $92.9M |
| Intangible lease liabilities, net | $82.6M | $54.1M |
| Financing lease liability | $17.5M | $17.5M |
| Financing obligations | $1.2B | $545.4M |
| Distributions payable | $14.9M | $13.4M |
| Notes payable, net | $2.4B | $1.6B |
| Total liabilities | $4.0B | $2.5B |
| Commitments and contingencies (Note 13) | $0 | $0 |
| Preferred shares, $0.001 par value per share; 500,000 preferred shares authorized, none issued or outstanding as of December 31, 2025 and 2024 | $0 | $0 |
| Common shares, $0.001 par value per share (Note 8) | $296.0K | $266.0K |
| Additional paid-in capital | $2.9B | $2.6B |
| Accumulated distributions in excess of earnings | -$929.3M | -$776.6M |
| Accumulated other comprehensive income (loss) | $22.2M | -$18.0M |
| Total stockholders equity | $2.0B | $1.8B |
| Noncontrolling interests | $0 | $0 |
| Total equity | $2.0B | $1.8B |
| Total liabilities and equity | $6.0B | $4.3B |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in shares) | 500.0M shares | 500.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
| Common stock par value (in dollars per share) | $0.00 | $0.00 |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $17.6M | -$47.1M | -$38.6M |
| Depreciation and amortization | $171.8M | $141.1M | $134.9M |
| Gain on sale of real estate | -$149.6M | -$9.2M | $0 |
| Foreign currency (gains) losses | -$9.7M | $185.0K | -$3.3M |
| Impairment losses | $3.1M | $0 | $813.0K |
| (Gain) loss on derivative instruments | $177.0K | -$3.4M | -$4.3M |
| (Gain) loss on investments in real estate-related securities | $4.1M | -$7.3M | -$14.4M |
| Change in other assets | -$3.9M | -$3.5M | -$7.3M |
| Change in tenant and other receivables | -$21.4M | -$16.1M | -$4.0M |
| Change in deferred leasing costs | -$40.4M | -$10.4M | -$15.6M |
| Change in accounts payable and accrued expenses | $35.3M | $10.9M | -$7.1M |
| Change in other liabilities | $19.6M | $2.1M | $6.8M |
| Change in due to affiliates | $28.1M | -$3.2M | -$16.8M |
| Net cash from (used in) operating activities | $54.7M | $54.0M | $31.2M |
| Investments in acquired properties and lease intangibles | -$1.6B | -$506.0M | -$205.7M |
| Capital expenditures at operating properties | -$76.5M | -$71.8M | -$22.6M |
| Proceeds from sale of real estate | $183.5M | $29.5M | $0 |
| Purchases of real estate-related securities | -$65.1M | -$109.9M | -$69.4M |
| Proceeds from settlement of real estate-related securities | $53.5M | $98.0M | $72.2M |
| Proceeds from settlement of interest rate contracts | $26.3M | $42.8M | $29.2M |
| Payments related to interest rate contracts | -$35.3M | -$30.8M | -$22.9M |
| Net cash from (used in) investing activities | -$1.5B | -$548.3M | -$219.1M |
| Proceeds from issuance of common shares | $435.4M | $235.9M | $298.2M |
| Redemption of common shares | -$251.2M | -$239.9M | -$261.3M |
| Payment of offering costs | -$7.6M | -$8.3M | -$9.7M |
| Payment of selling commissions, dealer manager fees and distribution and stockholder servicing fees | -$9.5M | -$10.5M | -$13.6M |
| Distributions paid to stockholders and noncontrolling interests | -$78.4M | -$72.3M | -$71.4M |
| Proceeds from financing obligations | $688.6M | $354.6M | $179.0M |
| Payments on financing obligations | -$2.6M | -$1.3M | -$586.0K |
| Proceeds from notes payable | $2.2B | $732.1M | $456.5M |
| Payments on notes payable | -$1.6B | -$460.3M | -$401.9M |
| Change in security deposit liability | $1.7M | $1.0K | $999.0K |
| Deferred financing costs paid | -$22.7M | -$7.4M | -$3.5M |
| Net cash from (used in) financing activities | $1.4B | $522.6M | $172.8M |
| Effect of exchange rate changes on cash, restricted cash and cash equivalents | $25.4M | -$888.0K | $1.4M |
| Net change in cash, restricted cash and cash equivalents | $40.6M | $27.4M | -$13.8M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led HINES GLOBAL INCOME TRUST, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
20202025
- Chief executive officerSherri W. Schugart Mar 23, 2016 to Sep 1, 201617
- PresidentAlfonso J. Munk Jan 10, 2020 to Jan 10, 202018
- Chief financial officerRyan T. Sims Mar 23, 2016 to Sep 1, 201619
- Chief operating officerJanice E. Walker Jul 2, 2019 to Jul 2, 201920
Board members and other officers (13)
- CIO - EuropeAlex Knapp Jan 10, 2020 to Jan 10, 202021
- CAO and TreasurerAndrew G. Findlay Jul 2, 2019 to Jul 2, 201922
- Chief Investment OfficerDavid L. Steinbach Mar 23, 2016 to Sep 1, 201623
- Chief Accounting OfficerJ. Shea Morgenroth Mar 23, 2016 to Sep 1, 201624
- Asset Management OfficerKevin L. McMeans Mar 23, 2016 to Sep 1, 201625
- Board memberPaddison Diane S. Detering Oct 30, 2024 to now26
- Board memberLaura Hines-Pierce Jun 28, 2021 to Jun 28, 202127
- Board memberRuth J. Simmons Jun 28, 2021 to now28
- Board memberCharles M. Baughn Mar 23, 2016 to Mar 23, 201629
- Board memberDougal A. Cameron Mar 23, 2016 to now30
- Board memberHumberto Cabanas Mar 23, 2016 to Nov 1, 202331
- Board memberJohn O. Niemann Jr. Mar 23, 2016 to now32
- General counselJason Maxwell Jul 2, 2019 to Jul 2, 201933
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- HINES GLOBAL REIT II, INC.Sep 11, 2013 to Nov 28, 20174
Timeline
Filings
353 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 118 major events, 26 insider forms, 3 private raises, 186 other. The latest 20:
- Oct 6, 20268-K HGIT RECENT ACQUISITIONS 8-K EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20268-K HINES LEADERSHIP TRANSITION 8-K EDGAR
- Sep 29, 20268-K HGIT SHAREHOLDER MEETING RESULTS AND PRESENTATION 8-K EDGAR
- Sep 16, 20268-K HGIT AUGUST 2026 NAV S-3 8-K EDGAR
- Sep 16, 2026POS EX HGIT NAV POS EX NO 23 EDGAR
- Sep 16, 2026424B3 HGIT SUPPLEMENT NO.8 TO THE APRIL 2026 PROSPECTUS 424B3 EDGAR
- Aug 19, 2026424B3 HGIT SUPPLEMENT NO. 7 TO APRIL 2026 PROSPECTUS 424B3 EDGAR
- Aug 17, 20268-K HGIT JULY 2026 NAV S-3 8-K EDGAR
- Aug 17, 2026POS EX HGIT NAV POS EX NO 22 EDGAR
- Aug 17, 2026424B3 SUPPLEMENT NO.6 TO THE APRIL 2026 PROSPECTUS 424B3 EDGAR
- Aug 14, 202610-Q HGIT 6.30.26 10-Q EDGAR
- Aug 3, 2026424B3 SUPPLEMENT NO.5 TO THE APRIL 2026 PROSPECTUS 424B3 EDGAR
- Jul 21, 20268-K DESIGN CENTER OF THE CAROLINAS ACQUISITION 8-K EDGAR
- Jul 17, 20268-K HGIT JUNE 2026 NAV S-3 8-K EDGAR
- Jul 17, 2026POS EX HGIT NAV POS EX NO 21 EDGAR
- Jul 17, 2026424B3 SUPPLEMENT NO.4 TO THE APRIL 2026 PROSPECTUS 424B3 EDGAR
The 353 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Money raised
Private offerings the company reported to the SEC on Form D.
- Mar 28, 2024Raised $11.9 million in a private offering of equity Form D: 1 investor so far Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARAlfonso J. Munk, President
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- 21SEC EDGARAlex Knapp, CIO - Europe
- 22SEC EDGARAndrew G. Findlay, CAO and Treasurer
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- 27SEC EDGARLaura Hines-Pierce, Board member
- 28SEC EDGARRuth J. Simmons, Board member
- 29SEC EDGARCharles M. Baughn, Board member
- 30SEC EDGARDougal A. Cameron, Board member
- 31SEC EDGARHumberto Cabanas, Board member
- 32SEC EDGARJohn O. Niemann Jr., Board member
- 33SEC EDGARJason Maxwell, General counsel
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