HINES GLOBAL INCOME TRUST, INC. 8-K

What Happened
Hines Global Income Trust (HGIT) filed an 8-K on June 15, 2026 updating its net asset value (NAV) as of May 31, 2026 to $9.81 per share (transaction price for July 1, 2026) and announcing June 2026 distributions. The valuation was overseen by the board’s independent valuation committee, prepared by HGIT’s advisor and reviewed and concurred with by independent valuation advisor Altus Group U.S. Inc. HGIT also reported the May 15, 2026 acquisition of Junction One, a retail property in Liverpool, U.K.

Key Details

• NAV and balance sheet (May 31, 2026): NAV $3,072,421 (thousands) = $9.81 per share; shares outstanding: 313,201. Comparable April 30, 2026 NAV was $9.83/share.
• Portfolio and leverage: interests in 55 properties, 95% leased, ~24.9 million sq ft; portfolio leverage ~30% (based on property valuations).
• Acquisition: Junction One (Liverpool, U.K.), ~190,874 sq ft, 100% leased; contract price £50.0M ($66.7M at £1 = $1.33). Seller unaffiliated.
• June 2026 distributions: gross $0.052 per share for all classes. Net amounts after distribution/servicing fees: Class T $0.044, Class S $0.045, Class D $0.050, Class I/AX/JX $0.052. Payable first business day of July to holders of record as of last business day of June; reinvestment at transaction price.
• Valuation assumptions (weighted averages): exit capitalization rate ~5.86% (portfolio), discount/IRR ~7.38%, average holding period ~9.0 years. Altus reviewed and concurred with the NAV calculation.
• Balance sheet note: consolidated balance sheet includes a $50.7M liability for distribution and stockholder servicing fees payable in future periods; NAV does not include liabilities for fees that may become payable after May 31, 2026.

Why It Matters
This filing gives investors the latest NAV (transaction price) and confirms distributions and reinvestment/redemption mechanics used to price share transactions. The NAV slightly decreased from $9.83 to $9.81 per share month-over-month. The independent review by Altus and the board’s valuation committee supports the reported NAV, while the Junction One acquisition increases international retail exposure. Investors should note the $50.7M fee liability on the balance sheet and that some distributions may be paid from non‑operating sources — factors relevant to cash flow and redemption/liquidity considerations.