Hines Global Income Trust Files 8‑K: NAV Update, Sept 2026 Distribution

What Happened
Hines Global Income Trust (HGIT) filed an 8‑K on Sept 16, 2026 updating its net asset value (NAV) as of August 31, 2026 and announcing authorized distributions for September 2026. The Company reported a NAV per share/OP Unit of $9.83 (transaction price = NAV) after a valuation review by Altus Group U.S. Inc., overseen by HGIT’s independent valuation committee. HGIT also disclosed the acquisition of Castings Commerce Center (Columbus, OH) for approximately $117.0 million.

Key Details

• NAV and balance sheet (as of Aug 31, 2026): total NAV $3,345,788,000; real estate investments $6,886,628,000; other assets $473,541,000; debt & liabilities $(4,014,381,000). NAV per share/OP Unit: $9.83 (same as July 31, 2026).
• Shares/OP Units outstanding: ~340.5 million (Aug 31, 2026). Transaction price for share classes equals the $9.83 NAV; reinvestment and redemptions use this price (newly issued shares priced to four decimals).
• September 2026 distributions (gross $0.052 per share/unit): net amounts vary by class after distribution/servicing fees — Class T net $0.044, Class S net $0.045, Class D net $0.050, Class I/AX/JX net $0.052. Record date: last business day of Sept 2026; payable/issued on first business day of Oct 2026.
• Portfolio & acquisition: 56 properties, ~26.2M sq ft, 94% leased (based on June 30, 2026 info, adjusted for 4 acquisitions and 4 dispositions); portfolio leverage ~30% by valuation. Acquired Castings Commerce Center (862,000 sq ft, 96% leased) for ~$117.0M.
• Valuation process: HGIT’s valuation committee oversees methods; most properties appraised annually by third parties and reviewed by Altus. Weighted-average assumed exit cap rates ~5.93% and discount/IRR ~7.38%; sensitivity examples provided in filing. The balance sheet includes a $49.5M liability for distribution/servicing fees payable to the Dealer Manager, but the reported NAV does not reserve for fees that might become payable after Aug 31, 2026.

Why It Matters
For investors, the filing confirms NAV stability at $9.83/share and sets the transaction price used for dividend reinvestment and redemptions. The declared September distributions (and class‑specific fees) affect cash payouts vs. reinvestment. The Castings Commerce Center acquisition and portfolio occupancy (94%) are operational details that relate to income generation and valuation support. Independent review by Altus and an established valuation policy provide procedural oversight, but investors should note the stated assumptions and the disclosed $49.5M potential fee liability that is not reflected in the NAV as of Aug 31, 2026.