Hines Global Income Trust, Inc. filed a Current Report on Form 8-K on November 13, 2026, to disclose the net asset value (NAV) of its common stock and operating partnership units as of October 31, 2026. The transaction price for all share classes is equal to the NAV per share as of October 31, 2026.
The valuation committee, comprised of independent directors, oversees the valuation process. The company engaged Altus Group U.S. Inc. to prepare appraisal reviews and review the calculation of the NAV. Altus reviewed the October 31, 2026 calculation and concurred with the results.
As of October 31, 2026, the NAV per share and per operating partnership unit was $9.77. This represents a decrease from the September 30, 2026 NAV of $9.82. The portfolio consisted of interests in 59 real properties totaling 27.7 million square feet of leasable space, with a 92% occupancy rate. The portfolio was valued at 34% leverage based on the valuations of the real properties.
The company’s consolidated balance sheet as of October 31, 2026, includes a liability of $48.7 million related to distribution and stockholder servicing fees payable to Hines Private Wealth Solutions LLC in future periods. The NAV per share does not include these fees, as their payment may be contingent on specific circumstances, such as liquidation or a listing of the common stock.
The filing also details the weighted-average assumptions used in the discounted cash flow analysis for the valuation. These assumptions include exit capitalization rates ranging from 5.55% to 6.96% and discount rates ranging from 7.02% to 8.38%.
Regarding distributions, the board of directors authorized the declaration of distributions for November 2026. The net distributions per share/unit for each class are as follows: Class T ($0.044), Class S ($0.045), Class D ($0.050), Class I ($0.052), and Class AX/JX ($0.052). These net distributions will be payable to holders of record as of the last business day of November 2026 and paid on the first business day of December 2026. Distributions may be paid in cash or reinvested in shares of the same class.
