Hines Global Income Trust, Inc.

Hines Global Income Trust, Inc. is a Maryland-based real estate investment trust that invests in a diversified portfolio of commercial properties and other real estate investments in the United States and international markets. The company is sponsored by Hines and operates through a portfolio of income-producing assets across multiple property types and geographies.

62,0 %

4,1 %

+21,9 %

— Hines Global Income Trust, Inc.
%
Commercial real estate ownership70% Direct ownership of income-producing properties across industrial, living, retail, and other sectors.
Leasing and rental income20% Rental revenue generated from tenants occupying the company’s real estate portfolio.
Real estate-related securities5% Investments in securities tied to real estate markets and property cash flows.
DST program interests5% Private placements of beneficial interests in Delaware statutory trusts backed by properties.

The company’s customers are primarily commercial tenants that lease space in its industrial, retail, and living...

  • Commercial tenantsprimary

    Businesses leasing industrial, retail, and other property space for operations and customer access.

  • DST investorssecondary

    Third-party investors purchasing beneficial interests in specific Delaware statutory trusts.

  • Shareholdersprimary

    Investors in the REIT structure seeking distributions and real estate portfolio exposure.

  • Residential and living userssecondary

    Occupants or operators of living assets that generate recurring property cash flow.

The portfolio is diversified across the United States and international markets, with the company reporting that about...

  • •About 69% of portfolio value was in the United States
  • •About 31% of portfolio value was international
  • •European assets include the Netherlands, Poland, Spain, and Czech Republic
  • •Geographic diversification reduces reliance on one rental market
  • •Cross-border ownership adds currency and local-market exposure

The company’s strategy is to build a diversified portfolio of quality commercial real estate with a balance of income...

01
Portfolio diversificationmedium-term

Diversification across sectors and countries helps reduce concentration risk and smooth cash flow.

02
Selective capital deploymentshort-term

Buying assets in favorable cycles supports long-term income and value creation.

03
Asset recyclingmedium-term

Selling mature assets can free capital for higher-conviction opportunities and portfolio refresh.

04
DST platform expansionmedium-term

The DST program broadens funding sources and creates an additional way to monetize properties.

The business is exposed to property-level operating risk, tenant demand, and changes in real estate values across...

high

Tenant vacancy and leasing risk

Cash flow depends on maintaining high occupancy and renewing leases across the portfolio.

Scope
Industrial, retail, and living properties
Materiality
high
high

Interest rate and financing risk

Property acquisitions and distributions may rely on debt and market financing conditions.

Scope
Debt proceeds and interest expense
Materiality
high
high

DST program liability risk

Master lease guarantees and FMV option structures can leave the company exposed to property underperformance.

Scope
Delaware statutory trust program
Materiality
high
high

Real estate valuation risk

NAV and reported gains depend on property appraisals, sale prices, and market cap rates.

Scope
Investment property fair values
Materiality
high
medium

Foreign exchange and international market risk

A meaningful share of assets is outside the United States, creating currency and local-cycle exposure.

Scope
International real estate portfolio
Materiality
medium
Fair value of investment properties
Core driver of reported real estate performance
Depreciation and amortization
Material to quarterly net income
Derivative instruments
Adds volatility to earnings
Foreign currency translation
Affects reported income and asset values
Gain on sale of real estate
Important for quarterly and annual earnings

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: 17.7.2026