HINES GLOBAL INCOME TRUST, INC. 8-K

What Happened
Hines Global Income Trust filed an 8-K on Jan 15, 2026 announcing a new transaction price equal to its NAV per share of $9.82 as of December 31, 2025. That transaction price will be used for February 1, 2026 reinvestments under the distribution reinvestment plan and for share redemptions under its redemption program (with a 5% holding-period discount for shares outstanding less than one year unless waived). The filing also reports authorized January 2026 distributions, and discloses the December 8, 2025 acquisition of Clay Terrace in Indianapolis for approximately $203.0 million.

Key Details

• NAV and balance sheet (as of Dec 31, 2025): NAV $2,926,233,000; NAV per share $9.82; shares outstanding ~298.0 million.
• Portfolio and leverage: 55 properties, ~24.4 million sq ft, 96% leased, portfolio 36% levered.
• January 2026 distributions (gross $0.052 per share): net per-class after distribution/servicing fees — Class T $0.044, Class S $0.045, Class D $0.050, Class I/AX/JX $0.052. Record date = last business day of Jan 2026; pay date = first business day of Feb 2026.
• Recent acquisition: Clay Terrace (retail, Indianapolis), ~493,423 sq ft, ~95% leased, purchase price ~ $203.0 million (Dec 8, 2025).
• Valuation process: Valuation committee oversaw NAV; Altus Group U.S. Inc. reviewed and concurred with NAV calculation. Weighted-average exit cap ~5.85% and weighted-average discount/IRR ~7.33% (by property type mix).

Why It Matters
This filing sets the transaction price (NAV) that determines reinvestment under the DRIP and the price shareholders will receive if redeeming shares (subject to program limits and the one-year holding discount). The NAV ticked up slightly from $9.78 on Nov 30, 2025 to $9.82 on Dec 31, 2025, reflecting updated property valuations and the recent acquisitions. The approved January distribution and the Clay Terrace acquisition are material operational items investors should note for portfolio composition, cash flows, and potential future distributions or redemption liquidity. The NAV was reviewed by an independent valuation advisor, which adds oversight to the property valuations disclosed.