HINES GLOBAL INCOME TRUST (HGIT) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HGIT SEC filings page.
HINES GLOBAL INCOME TRUST (HGIT) reported $493.1M in revenue over the twelve months to Jun 30, 2026, up 32.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 produced a small profit, but this asset-heavy business still converts little into returns while debt keeps rising.
The first profitable year did not yet change the cash economics: net income was$17.3M versus operating cash flow of$54.7M , so cash generation exceeded reported profit but remained small relative to the debt-funded structure. ROA was0.3% in FY2025, confirming that the much larger asset base is producing only a thin return.
Total assets expanded to
Debt-to-equity rose from 0.7x in FY2023 to 1.2x in FY2025, showing a materially more leveraged capital structure. Long-term debt reached
Financial Health Signals
HINES GLOBAL INCOME TRUST does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
HINES GLOBAL INCOME TRUST passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, HINES GLOBAL INCOME TRUST generates $3.16 in operating cash flow ($54.7M OCF vs $17.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
HINES GLOBAL INCOME TRUST generated $129.8M in revenue in Q2 2026. This represents an increase of 28.3% from the same quarter a year earlier. Against the prior quarter it is down 2.3%.
HINES GLOBAL INCOME TRUST reported -$8.9M in net income in Q2 2026. This represents an increase of 66.2% from the same quarter a year earlier. Against the prior quarter it is down 122.3%.
HINES GLOBAL INCOME TRUST earned -$0.03 per diluted share (EPS) in Q2 2026. This represents an increase of 66.7% from the same quarter a year earlier. Against the prior quarter it is down 123.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
HINES GLOBAL INCOME TRUST held $284.0M in cash against $2.0B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
HINES GLOBAL INCOME TRUST's gross margin was 60.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
HINES GLOBAL INCOME TRUST's net profit margin was -6.9% in Q2 2026, showing the share of revenue converted to profit. This is up 19.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 36.8 percentage points.
HINES GLOBAL INCOME TRUST's ROE was -0.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.
Not reported for Q2 2026.
Capital Allocation
HINES GLOBAL INCOME TRUST spent $69.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 8.2% from the same quarter a year earlier. Against the prior quarter it is up 51.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HGIT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $129.8M+28.3% | $132.8M+41.9% | $123.9M+37.0% | $106.6M+22.8% | $101.2M+17.3% | $93.6M+9.5% | $90.4M+8.7% | $86.8M+11.0% |
| Gross Profit | $78.9M+20.9% | $81.6M+43.2% | $76.2M+40.1% | $65.2M+22.3% | $65.2M+19.0% | $57.0M+10.1% | $54.4M | $53.3M |
| SG&A Expenses | $2.2M+52.9% | $1.9M-3.6% | $3.3M+81.2% | $2.2M-7.5% | $1.4M-31.6% | $1.9M-20.3% | $1.8M-26.0% | $2.4M-0.7% |
| Interest Expense | $46.3M+24.3% | $52.6M+58.4% | $45.9M+43.1% | $39.7M+14.5% | $37.2M+17.5% | $33.2M+11.6% | $32.1M+22.1% | $34.7M+42.1% |
| Income Tax | $13K+102.1% | $174K-88.4% | $734K+236.4% | $429K+272.3% | -$608K-148.7% | $1.5M+315.0% | -$538K-140.5% | -$249K-148.4% |
| Net Income | -$8.9M+66.2% | $39.8M-65.5% | -$51.3M-353.5% | -$20.4M-292.6% | -$26.3M-76.5% | $115.3M+831.5% | -$11.3M-459.4% | -$5.2M+82.1% |
| EPS (Basic) | -$0.03+66.7% | $0.13-69.0% | -$0.19-375.0% | -$0.07-250.0% | -$0.09-50.0% | $0.42+800.0% | -$0.04-300.0% | -$0.02+81.8% |
| EPS (Diluted) | -$0.03+66.7% | $0.13-69.0% | -$0.19-375.0% | -$0.07-250.0% | -$0.09-50.0% | $0.42+800.0% | -$0.04-300.0% | -$0.02+81.8% |
| Diluted Shares (Avg) | 334M+19.2% | 305M+12.0% | N/A | 287M+9.4% | 280M+7.7% | 272M+4.3% | N/A | 262M+1.1% |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Operating Income, EBITDA.
HGIT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.1B+20.8% | $5.9B+32.9% | $6.0B+40.1% | $5.6B+39.2% | $5.1B+29.4% | $4.5B+13.7% | $4.3B+11.9% | $4.1B+9.0% |
| Cash & Equivalents | $284.0M-32.3% | $180.1M-20.9% | $172.1M+30.0% | $402.6M+244.5% | $419.6M+301.9% | $227.7M+152.8% | $132.4M+25.4% | $116.9M+37.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.9B+25.0% | $3.9B+54.7% | $4.0B+63.1% | $3.7B+65.3% | $3.1B+49.3% | $2.5B+24.1% | $2.5B+32.5% | $2.2B+27.6% |
| Long-Term Debt | $2.0B+12.7% | $2.0B+40.8% | $2.4B+46.6% | $2.1B+42.2% | $1.8B+23.7% | $1.5B-2.6% | $1.6B+17.6% | $1.5B+16.8% |
| Total Equity | $2.1B+3.9% | $2.0B+4.9% | $2.0B+9.0% | $2.0B+8.0% | $2.0B+7.0% | $2.0B+2.7% | $1.8B-7.7% | $1.8B-7.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.
HGIT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.4M+298.2% | -$24.9M-373.5% | $6.5M-47.6% | $30.6M+19.3% | $8.4M-53.2% | $9.1M+542.5% | $12.5M+580.2% | $25.7M-6.4% |
| Depreciation & Amortization | $51.0M+42.6% | $55.2M+63.6% | $56.2M+70.7% | $37.9M+16.0% | $35.7M+3.5% | $33.7M+2.2% | $32.9M+3.2% | $32.7M+3.7% |
| Investing Cash Flow | -$146.8M+58.7% | $56.5M-46.9% | -$613.2M-95.6% | -$617.4M-782.1% | -$355.0M-3202.0% | $106.4M+169.1% | -$313.5M-352.3% | -$70.0M-14.3% |
| Financing Cash Flow | $216.4M-58.8% | -$26.1M+3.4% | $373.8M+22.4% | $568.2M+720.5% | $524.7M+6989.8% | -$27.0M-119.2% | $305.4M+261.2% | $69.3M+12310.4% |
| Dividends Paid | $50.2M+19.8% | $46.0M+12.8% | $44.4M+11.5% | $43.3M+11.1% | $41.9M+7.9% | $40.7M+5.7% | $39.8M+3.8% | $39.0M+2.7% |
| Share Buybacks | $69.7M+8.2% | $46.0M-20.3% | $73.2M+76.4% | $55.8M-5.9% | $64.4M-9.0% | $57.8M-15.4% | $41.5M-25.8% | $59.4M-34.4% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.
HGIT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.8%-3.7pp | 61.4%+0.5pp | 61.5%+1.3pp | 61.2%-0.2pp | 64.5%+0.9pp | 60.9%+0.3pp | 60.2% | 61.4% |
| Net Margin | -6.9%+19.1pp | 29.9% | -41.4%-28.9pp | -19.1%-13.2pp | -26.0%-8.7pp | 123.1% | -12.5%-10.1pp | -6.0%+31.1pp |
| Return on Equity | -0.4%+0.9pp | 1.9%-4.0pp | -2.6%-2.0pp | -1.0%-0.8pp | -1.3%-0.5pp | 5.9%+6.7pp | -0.6%-0.5pp | -0.3%+1.2pp |
| Return on Assets | -0.1%+0.4pp | 0.7%-1.9pp | -0.9%-0.6pp | -0.4%-0.2pp | -0.5%-0.1pp | 2.6%+3.0pp | -0.3%-0.2pp | -0.1%+0.7pp |
| Debt-to-Equity | 0.99+0.1x | 1.00+0.3x | 1.20+0.3x | 1.08+0.3x | 0.91+0.1x | 0.740.0x | 0.89+0.2x | 0.82+0.2x |
| Asset Turnover | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Where HINES GLOBAL INCOME TRUST Ranks
Frequently Asked Questions
What is HINES GLOBAL INCOME TRUST's annual revenue?
HINES GLOBAL INCOME TRUST (HGIT) reported $425.2M in total revenue for fiscal year 2025. This represents a 21.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is HINES GLOBAL INCOME TRUST's revenue growing?
HINES GLOBAL INCOME TRUST (HGIT) revenue grew by 21.9% year-over-year, from $348.9M to $425.2M in fiscal year 2025.
Is HINES GLOBAL INCOME TRUST profitable?
Yes, HINES GLOBAL INCOME TRUST (HGIT) reported a net income of $17.3M in fiscal year 2025, with a net profit margin of 4.1%.
How much debt does HINES GLOBAL INCOME TRUST have?
As of fiscal year 2025, HINES GLOBAL INCOME TRUST (HGIT) had $172.1M in cash and equivalents against $2.4B in long-term debt.
What is HINES GLOBAL INCOME TRUST's gross margin?
HINES GLOBAL INCOME TRUST (HGIT) had a gross margin of 62.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is HINES GLOBAL INCOME TRUST's net profit margin?
HINES GLOBAL INCOME TRUST (HGIT) had a net profit margin of 4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is HINES GLOBAL INCOME TRUST's return on equity (ROE)?
HINES GLOBAL INCOME TRUST (HGIT) has a return on equity of 0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HINES GLOBAL INCOME TRUST's operating cash flow?
HINES GLOBAL INCOME TRUST (HGIT) generated $54.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are HINES GLOBAL INCOME TRUST's total assets?
HINES GLOBAL INCOME TRUST (HGIT) had $6.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is HINES GLOBAL INCOME TRUST's debt-to-equity ratio?
HINES GLOBAL INCOME TRUST (HGIT) had a debt-to-equity ratio of 1.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HINES GLOBAL INCOME TRUST's return on assets (ROA)?
HINES GLOBAL INCOME TRUST (HGIT) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is HINES GLOBAL INCOME TRUST's Piotroski F-Score?
HINES GLOBAL INCOME TRUST (HGIT) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are HINES GLOBAL INCOME TRUST's earnings high quality?
HINES GLOBAL INCOME TRUST (HGIT) has an earnings quality ratio of 3.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.