HINES GLOBAL INCOME TRUST, INC. 8-K

What Happened
Hines Global Income Trust, Inc. (HGIT) filed an 8-K on May 14, 2026 updating its net asset value (NAV) as of April 30, 2026 to $9.83 per share/OP Unit (transaction price for June 1, 2026). The valuation committee oversees NAV calculations, the Advisor prepared interim valuations, and independent valuation advisor Altus Group U.S. Inc. reviewed and concurred with the NAV. The company reports total NAV of $3,056,115 (in thousands), real estate investments of $6,319,225 (in thousands), and liabilities/noncontrolling interests of $3,780,649 (in thousands). HGIT’s portfolio at April 30, 2026 included interests in 54 properties (95% leased, ~24.7M sq. ft.) and was ~31% levered by property valuations.

Key Details

• NAV per share/OP Unit (April 30, 2026): $9.83 (up from $9.80 on March 31, 2026). Total NAV reported: $3,056,115 (in thousands).
• Real estate investments: $6,319,225 (in thousands); liabilities and noncontrolling interests: $3,780,649 (in thousands). Shares outstanding: 310,940 (reported).
• Portfolio: 54 properties, 95% leased, ~24.7 million sq. ft.; portfolio leverage ~31% (by property valuations).
• May 2026 distributions: gross $0.052 per share for all classes; distribution & servicing fees vary by class (Class T fee $0.008 → net $0.044; Class S fee $0.007 → net $0.045; Class D fee $0.002 → net $0.050; Classes I/AX/JX no fee → net $0.052).
• The consolidated balance sheet includes a $49.2 million liability related to future distribution/servicing fees to the Dealer Manager; that potential liability was not included in the April 30 NAV because payment may be contingent. Altus reviewed and concurred with the NAV calculation.

Why It Matters
NAV determines the transaction price used for distribution reinvestment and (subject to program rules) share redemptions, so the $9.83 NAV directly affects investors who reinvest distributions or use the redemption program. The filing also confirms portfolio occupancy (95%) and leverage (~31%), which are key inputs for valuation and risk. The declared May distributions ($0.052 gross) will be paid or reinvested on the first business day of June 2026. Investors should note the firm’s valuation process, Altus’ concurrence, and the disclosed $49.2M potential fee liability excluded from NAV.