Hines Global Sets May Share Price

The company reports steady NAV, confirms April distributions, and reveals details of a new UK acquisition.

April 17, 2025

May Pricing and Valuation Process

Hines Global Income Trust is keeping its May transaction price steady at $9.79 per share across all classes. That number—tied to the company’s net asset value (NAV) as of March 31—directly impacts shareholders who reinvest distributions or redeem shares through the company’s programs. The NAV reflects an updated appraisal of the portfolio, and Hines Global uses this as the basis for pricing and planning.

Behind that number is a disciplined valuation process. The company’s board relies on a committee of independent directors to oversee it, with support from third-party reviews by Altus Group. The approach includes a combination of updated appraisals, discounted cash flow analysis, and periodic reviews of each asset. As of March 31, the NAV per share remains unchanged from the previous month, with total real estate investments valued at $4.5 billion and net assets coming in at $2.68 billion.

Portfolio Snapshot and Leverage

At the end of March, the portfolio included 45 real properties across 19.3 million square feet — 97% of which is leased. The debt ratio stood at 30%, based on property valuations. That level of occupancy and leverage feeds into the NAV calculation and serves as a foundation for the company’s share pricing model.

April Distributions

April distributions were also confirmed by the board. Each share class will receive a gross monthly distribution of $0.052 per share. Net distributions vary slightly depending on servicing fees tied to each class. For example:

Class T:$0.044 per share after fees

Class S:$0.045 per share

Class D:$0.050 per share

Class I / AX / JX:$0.052 per share (no fees applied)

These payments are scheduled for May 1 and can be reinvested or distributed in cash, based on the shareholder’s choice.

New Acquisition in the UK

Another update: the company acquired Junction 27, a 131,000 square-foot retail park in Leeds, UK, on March 18. The property is fully leased, and the purchase price came in at £54.6 million, or roughly $70.8 million at the time of closing. The seller has no ties to Hines Global or its affiliates. This marks another step in the company’s global diversification strategy, adding to a portfolio that spans multiple asset types and regions.

NAV Sensitivity and Servicing Fees

The filing also includes a breakdown of the NAV sensitivity to changes in core assumptions. Shifts in exit capitalization rates and discount rates would impact property values and, in turn, NAV. These metrics—reviewed by Altus—are tracked closely as part of the valuation model. Properties acquired in the last 12 months, like Junction 27, are initially held at cost and updated after the first year.

Also noted: $50.4 million in future servicing fees tied to Hines Private Wealth Solutions. These aren’t included in the NAV calculation as they may not be realized under certain scenarios like liquidation or listing.

Looking Ahead

This latest update from Hines Global offers a clear look at how the company prices its shares, manages distributions, and grows its portfolio. By holding share pricing steady and keeping distribution schedules intact, the company provides consistency for shareholders while continuing to expand through strategic acquisitions.