2024 Q2 Form 10-Q Financial Statement

#000158510124000050 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $104.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.931B
YoY Change 4.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $2.079B
YoY Change 21.3%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.543B
YoY Change 1.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.852B
YoY Change
Total Liabilities & Shareholders Equity $3.931B
YoY Change 4.75%

Cashflow Statement

Concept 2024 Q2

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
22891000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
9748000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
24940000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
59074000 usd
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
5702000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
5481000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4386000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8529000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2504000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
260380000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
260380000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
260803000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
260803000 shares
us-gaap Profit Loss
ProfitLoss
-30618000 usd
us-gaap Profit Loss
ProfitLoss
-7606000 usd
hgit Depreciation And Amortization1
DepreciationAndAmortization1
71013000 usd
hgit Depreciation And Amortization1
DepreciationAndAmortization1
69394000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
126000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2158000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6752000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
10258000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-1575000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
6093000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1000000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3363000 usd
hgit Increase Decrease In Tenant And Other Receivables
IncreaseDecreaseInTenantAndOtherReceivables
6349000 usd
hgit Increase Decrease In Tenant And Other Receivables
IncreaseDecreaseInTenantAndOtherReceivables
-923000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3270000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-5053000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-22998000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15872000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6335000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
137857000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
74199000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
54963000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
27165000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
46189000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
28496000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
19419000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
11346000 usd
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
14676000 usd
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
17320000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-164779000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-88590000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
109899000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
192708000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
139010000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
114754000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4231000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4488000 usd
hgit Payment Of Selling Commissions Dealer Manager Fees And Distribution And Stockholder Servicing Fees
PaymentOfSellingCommissionsDealerManagerFeesAndDistributionAndStockholderServicingFees
5450000 usd
hgit Payment Of Selling Commissions Dealer Manager Fees And Distribution And Stockholder Servicing Fees
PaymentOfSellingCommissionsDealerManagerFeesAndDistributionAndStockholderServicingFees
7464000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
36012000 usd
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
35607000 usd
hgit Proceeds From Financing Obligations
ProceedsFromFinancingObligations
125549000 usd
hgit Proceeds From Financing Obligations
ProceedsFromFinancingObligations
51349000 usd
hgit Payments On Financing Obligations
PaymentsOnFinancingObligations
588000 usd
hgit Payments On Financing Obligations
PaymentsOnFinancingObligations
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
387424000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
215504000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
287445000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
209391000 usd
hgit Proceeds From Payments For Security Deposit
ProceedsFromPaymentsForSecurityDeposit
139000 usd
hgit Proceeds From Payments For Security Deposit
ProceedsFromPaymentsForSecurityDeposit
482000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2345000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
653000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
147930000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
87686000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-642000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
441000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1619000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5872000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113773000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127542000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112154000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133414000 usd
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
42 property
CY2024Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
18000000.0 sqft
hgit Asset Acquisition Leased Percentage
AssetAcquisitionLeasedPercentage
0.96
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s condensed consolidated financial statements have been prepared in accordance with GAAP. The preparation of the condensed consolidated financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities and contingencies as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The Company evaluates its assumptions and estimates on an ongoing basis. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. Additionally, application of the Company’s accounting policies involves exercising judgments regarding assumptions as to future uncertainties. Actual results may differ from these estimates under different assumptions or conditions.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassification</span></div>The Company has combined the presentation of its real property taxes and property management fees within the property operating expenses line included in its condensed consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2024. Additionally, the Company has conformed the presentation of property operating expenses for the three and six months ended June 30, 2023 within this Quarterly Report on Form 10-Q in order to be consistent with the current period presentation.
CY2024Q2 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-372000 usd
CY2023Q2 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
4689000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-2198000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
10886000 usd
CY2024Q2 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
208000 usd
CY2023Q2 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
-659000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
623000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
-4793000 usd
CY2024Q2 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-164000 usd
CY2023Q2 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
4030000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-1575000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
6093000 usd
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
42800000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
38000000.0 usd
CY2024Q2 us-gaap Prepaid Insurance
PrepaidInsurance
2412000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1158000 usd
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
6055000 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
7532000 usd
CY2024Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
15221000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
13282000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4012000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4112000 usd
CY2024Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2715000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
7707000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
30415000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
33791000 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11300000 usd
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3206882000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3083595000 usd
hgit Asset Acquisition Number Of Investment Properties Acquired
AssetAcquisitionNumberOfInvestmentPropertiesAcquired
2 property
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
138700000 usd
CY2024Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
81996000 usd
CY2024Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
27235000 usd
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
54761000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
84014000 usd
CY2024Q2 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P15Y
CY2024Q2 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
10700000 usd
us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
22800000 usd
CY2023Q2 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
10100000 usd
us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
21400000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
100329000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
191644000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
175285000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
161889000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
140622000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
100565000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
430755000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1301089000 usd
CY2024Q2 hgit Notes Payable Including Related Party Gross
NotesPayableIncludingRelatedPartyGross
1500000000 usd
CY2023Q4 hgit Notes Payable Including Related Party Gross
NotesPayableIncludingRelatedPartyGross
1400000000 usd
hgit Debt Weighted Average Years To Maturity
DebtWeightedAverageYearsToMaturity
P1Y1M6D
CY2023 hgit Debt Weighted Average Years To Maturity
DebtWeightedAverageYearsToMaturity
P1Y7M6D
CY2024Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0328
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0355
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1469338000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1380096000 usd
CY2024Q2 hgit Deferred Financing Costs Net Permanent Mortgages
DeferredFinancingCostsNetPermanentMortgages
5097000 usd
CY2023Q4 hgit Deferred Financing Costs Net Permanent Mortgages
DeferredFinancingCostsNetPermanentMortgages
5050000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
1464241000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1375046000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5400000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5700000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1300000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2100000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2100000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
985336000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
42435000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
100736000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
336230000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
625000 usd
CY2024Q2 hgit Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3976000 usd
us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has entered into several interest rate swap or cap contracts in connection with certain of its secured mortgage loans and its JPMorgan Credit Facility in order to limit its exposure against the variability of future interest rates on its variable interest rate borrowings.  These contracts effectively fix or cap the interest rates on each of the loans to which they relate.  The Company has not designated any of these derivatives as hedges for accounting purposes. The Company has not entered into a master netting arrangement with its third-party counterparty and does not offset on its condensed consolidated balance sheets the fair value amount recorded for its derivative instruments. </span></div>The Company has also entered into foreign currency forward contracts as economic hedges against the variability of foreign exchange rates related to certain cash flows of some of its international investments. These forward contracts fixed the currency exchange rates on each of the investments to which they related. The Company did not designate any of these contracts as fair value or cash flow hedges for accounting purposes.
CY2024Q2 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
26 instrument
CY2024Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1598287000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
32137000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2023Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
24 instrument
CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1210493000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
27917000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2017Q4 hgit Common Stock Number Of Additional Classes Of Stock
CommonStockNumberOfAdditionalClassesOfStock
4 class
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18021000 usd
CY2024Q2 us-gaap Dividends Stock
DividendsStock
20763000 usd
CY2024Q2 us-gaap Dividends
Dividends
38784000 usd
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17994000 usd
CY2024Q1 us-gaap Dividends Stock
DividendsStock
20547000 usd
CY2024Q1 us-gaap Dividends
Dividends
38541000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
36015000 usd
us-gaap Dividends Stock
DividendsStock
41310000 usd
us-gaap Dividends
Dividends
77325000 usd
CY2023Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17878000 usd
CY2023Q4 us-gaap Dividends Stock
DividendsStock
20458000 usd
CY2023Q4 us-gaap Dividends
Dividends
38336000 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17731000 usd
CY2023Q3 us-gaap Dividends Stock
DividendsStock
20250000 usd
CY2023Q3 us-gaap Dividends
Dividends
37981000 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18131000 usd
CY2023Q2 us-gaap Dividends Stock
DividendsStock
19929000 usd
CY2023Q2 us-gaap Dividends
Dividends
38060000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17752000 usd
CY2023Q1 us-gaap Dividends Stock
DividendsStock
19615000 usd
CY2023Q1 us-gaap Dividends
Dividends
37366000 usd
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
71492000 usd
CY2023 us-gaap Dividends Stock
DividendsStock
80252000 usd
CY2023 us-gaap Dividends
Dividends
151743000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 segment
CY2024Q2 us-gaap Revenues
Revenues
86206000 usd
CY2023Q2 us-gaap Revenues
Revenues
75717000 usd
us-gaap Revenues
Revenues
171697000 usd
us-gaap Revenues
Revenues
151834000 usd
CY2024Q2 hgit Property Revenues In Excess Of Expenses
PropertyRevenuesInExcessOfExpenses
54831000 usd
CY2023Q2 hgit Property Revenues In Excess Of Expenses
PropertyRevenuesInExcessOfExpenses
47202000 usd
hgit Property Revenues In Excess Of Expenses
PropertyRevenuesInExcessOfExpenses
106603000 usd
hgit Property Revenues In Excess Of Expenses
PropertyRevenuesInExcessOfExpenses
94233000 usd
CY2024Q2 us-gaap Assets
Assets
3930774000 usd
CY2023Q4 us-gaap Assets
Assets
3822684000 usd
us-gaap Interest Paid Net
InterestPaidNet
58819000 usd
us-gaap Interest Paid Net
InterestPaidNet
34165000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
817000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3366000 usd
hgit Dividends Incurred But Not Yet Paid
DividendsIncurredButNotYetPaid
12952000 usd
hgit Dividends Incurred But Not Yet Paid
DividendsIncurredButNotYetPaid
12727000 usd
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
41192000 usd
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
39276000 usd
hgit Redemptions Incurred But Not Yet Paid
RedemptionsIncurredButNotYetPaid
22435000 usd
hgit Redemptions Incurred But Not Yet Paid
RedemptionsIncurredButNotYetPaid
51866000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
-907000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
-1545000 usd
hgit Noncash Offering Costs Payable
NoncashOfferingCostsPayable
4155000 usd
hgit Noncash Offering Costs Payable
NoncashOfferingCostsPayable
4013000 usd
hgit Non Cash Selling Commission Dealer Manager Fees And Distribution And Shareholder Fees Payable
NonCashSellingCommissionDealerManagerFeesAndDistributionAndShareholderFeesPayable
-161000 usd
hgit Non Cash Selling Commission Dealer Manager Fees And Distribution And Shareholder Fees Payable
NonCashSellingCommissionDealerManagerFeesAndDistributionAndShareholderFeesPayable
4670000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18436000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1109000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001585101-24-000050-index-headers.html Edgar Link pending
0001585101-24-000050-index.html Edgar Link pending
0001585101-24-000050.txt Edgar Link pending
0001585101-24-000050-xbrl.zip Edgar Link pending
ex992-consentofaltusq22024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hgit-20240630.htm Edgar Link pending
hgit-20240630.xsd Edgar Link pending
hgit-20240630_g1.jpg Edgar Link pending
hgit-20240630_g2.jpg Edgar Link pending
hgit-20240630_g3.jpg Edgar Link pending
hgit-20240630_g4.jpg Edgar Link pending
hgitexhibit3116302024.htm Edgar Link pending
hgitexhibit3126302024.htm Edgar Link pending
hgitexhibit3216302024.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
hgit-20240630_cal.xml Edgar Link unprocessable
hgit-20240630_def.xml Edgar Link unprocessable
hgit-20240630_lab.xml Edgar Link unprocessable
hgit-20240630_pre.xml Edgar Link unprocessable
hgit-20240630_htm.xml Edgar Link completed
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending