Hines Global Sets August Share Price

New NAV per share remains steady across all classes as firm adds logistics and retail assets to portfolio.

July 18, 2025

Hines Global Income Trust Announces August Share Pricing, Highlights Valuation and Portfolio Strength

Hines Global Income Trust is keeping things consistent. The company set its August 1 transaction price for all share classes at $9.84 —matching the net asset value (NAV) per share as of June 30, 2025. This NAV is the basis for both the reinvestment of July distributions and the redemption of shares through the company’s share redemption program.

Each share class—T, S, D, I, AX, and JX—shares the same NAV. These prices were calculated under the oversight of Hines Global’s independent valuation committee, with external reviews from Altus Group U.S. Inc. in line with the firm’s valuation policy. Distributions for July have also been declared, with gross payouts set at $0.052 per share. Servicing fees will apply depending on the class of shares, reducing net distributions for some holders. For example, Class I and AX/JX shares receive the full payout, while other classes see reductions based on fee structure.

Behind the numbers is a portfolio that continues to grow. Hines Global now owns interests in 49 real estate assets, totaling 23.2 million square feet of leasable space. As of the end of June, the portfolio is 96% leased. Recent acquisitions include:

• Georgia International Trade Center


• Upton Crossing


• I-85 Logistics Center


• The Peel Centre

These investments expand the firm’s footprint in the industrial and retail sectors.

Valuation Approach and Portfolio Leverage

The NAV calculation draws on a discounted cash flow analysis using assumptions tailored by property type. Weighted-average exit cap rates and IRRs are used for each sector—industrial properties, for instance, were assessed using lower cap rates and returns than retail or office, signaling different expectations across the portfolio. The valuations exclude properties acquired in the last 12 months, which are currently being carried at purchase price.

The portfolio remains moderately leveraged. As of June 30, debt represents 33% of real estate value. The NAV also excludes approximately $49.8 million in future stockholder servicing and distribution fees owed to Hines Private Wealth Solutions, since those may not be payable depending on future events such as liquidation or listing.

Distribution Timing and Reinvestment

Distributions will be paid on the first business day of August, either as cash or reinvested stock—depending on what each shareholder has opted into. The reinvestment plan ensures that shareholders receive additional shares at the same $9.84 transaction price, keeping things aligned across the board.

Hines Global is following through on its valuation process and investment strategy—updating shareholders, setting the next NAV, and distributing proceeds on schedule. With a steady NAV and continued portfolio expansion, the firm is positioning itself for disciplined growth while maintaining investor alignment.