other material
confidence high
sentiment neutral
materiality 0.35
Hines Global Income Trust June NAV $10.00 (from $10.02); July distribution $0.052/share gross
HINES GLOBAL INCOME TRUST, INC.
- NAV per share unchanged at $10.00 for all classes as of June 30, 2024, down from $10.02 in May.
- Portfolio: 42 properties, 96% leased, 18.0M sq ft; 33% levered based on property valuations.
- July 2024 gross distribution $0.052/share; net varies by class (e.g. Class I $0.052, Class T $0.044).
- Balance sheet includes $54.4M liability for future distribution and stockholder servicing fees payable to Dealer Manager.
- Altus Group reviewed and concurred with June 30 NAV calculation; key assumptions include exit cap rates 5.48-6.67%.