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HINES GLOBAL INCOME TRUST, INC.

What Do They Do?

Owns and leases commercial properties to tenants in the United States and internationally, and invests in other real estate assets.

How Do They Make Money?

Tenants pay contractual rent as it comes due; proceeds from property sales come when ownership transfers.

revenue
SegmentShareRevenue
Office investments
Recurring

19%
FY2022: 22%
Industrial investments
Recurring

28%
FY2022: 36%
Residential/Living investments
Recurring

30%
FY2022: 20%
Retail investments
Recurring

14%
FY2022: 12%
Other investments
Recurring
8.6%
FY2022: 10%

Who Are Their Customers?

Tenants occupy leased space in the trust’s properties and pay contractual rent as it comes due.

Do Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2025.

Net income, FY2025
4% of revenue
▲ Now profitable vs FY2024 (−$47.2M, −14%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +28%
vs $101.2M in Q2 FY2025
Net income
▼ −66% (Loss)
vs −$26.3M in Q2 FY2025
Residential/Living Investments share of revenue vs 30.5% in Q2 FY2025

Growing. Revenue grew 2.4x in 4 years, from $175.9M in FY2021 to $425.2M in FY2025, about 25% a year.

Revenue over time
Office investments Industrial investments Residential/Living investments Retail investments Other investments
$500M$250M$0

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