What is Hines Global Income Trust, Inc.'s earnings per share (EPS)?

Hines Global Income Trust, Inc. (HGIT) reported diluted earnings per share of $0.06 for fiscal year 2025. This represents a 133.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hines Global Income Trust, Inc. Financials

HGIT

FY2025 annual

Revenue $425.2M +21.9% YoY

Net Income $17.3M +136.7% YoY

EPS (Diluted) $0.06 +133.3% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Hines Global Income Trust, Inc. (HGIT) reported $425.2M in revenue for fiscal year 2025, up 21.9% from the prior fiscal year. 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).

Rhea AI HGIT FY2025 2026-08-16

HGIT’s asset-heavy model expands through external financing, while cash conversion remains modest relative to scale.

FY2025 earnings turnaround produced a positive net margin of 4.1%, up from -13.5% in FY2024. That improvement occurred while interest expense reached $156M and debt-to-equity rose to 1.2x, so earnings improved without a lighter financing burden; it is a bottom-line change, not evidence that the funding model became lighter.

Operating cash flow was $54.7M against $425M of FY2025 revenue, a small cash yield for a business of this scale. Gross margin held near 62.0% across FY2024-FY2025, so the cash gap is more consistent with asset and financing demands than with gross-margin erosion, leaving reported profit less informative than cash generation.

The asset base reached $6.0B while cash was $172M in FY2025, leaving liquidity small relative to the operating footprint and limiting the cushion against funding needs. Financing inflows of $1.4B nearly matched investing outflows of $1.5B, indicating expansion was funded externally rather than from internally generated cash.

Financial Health Signals

Financial health score not available

Hines Global Income Trust, Inc. 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.

Piotroski F-Score Partial

5/7

Hines Global Income Trust, Inc. 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.

Earnings Quality Cash-Backed

3.16x

For every $1 of reported earnings, Hines Global Income Trust, Inc. 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

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Earnings & Revenue

Revenue

$425.2M

YoY+21.9%

5Y CAGR+27.4%

10Y CAGR+46.4%

Hines Global Income Trust, Inc. generated $425.2M in revenue in fiscal year 2025. This represents an increase of 21.9% from the prior year.

Net Income

$17.3M

YoY+136.7%

5Y CAGR-29.8%

Hines Global Income Trust, Inc. reported $17.3M in net income in fiscal year 2025. This represents an increase of 136.7% from the prior year.

EPS (Diluted)

$0.06

YoY+133.3%

Hines Global Income Trust, Inc. earned $0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 133.3% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$172.1M

YoY+30.0%

5Y CAGR+25.2%

10Y CAGR+25.9%

Hines Global Income Trust, Inc. held $172.1M in cash against $2.4B in long-term debt as of fiscal year 2025.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

62.0%

YoY+0.6pp

Hines Global Income Trust, Inc.'s gross margin was 62.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Net Margin

4.1%

YoY+17.6pp

5Y CAGR-76.1pp

10Y CAGR+64.1pp

Hines Global Income Trust, Inc.'s net profit margin was 4.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.6 percentage points from the prior year.

Return on Equity

0.9%

YoY+3.5pp

5Y CAGR-10.9pp

10Y CAGR+7.9pp

Hines Global Income Trust, Inc.'s ROE was 0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$251.2M

YoY+4.7%

5Y CAGR+51.3%

10Y CAGR+170.4%

Hines Global Income Trust, Inc. spent $251.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 4.7% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

HGIT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HGIT annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Revenue	$493.1M	$425.2M+21.9%	$348.9M+11.4%	$313.2M+20.7%	$259.5M+47.5%	$175.9M+38.9%	$126.6M+21.9%	$103.9M+50.4%	$69.1M+15.6%	$59.7M+145.3%	$24.3M+158.8%	$9.4M+9910.6%	$94K
Gross Profit	$302.0M	$263.7M+23.0%	$214.3M+12.7%	$190.2M+18.7%	$160.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.6M	$8.9M+1.8%	$8.8M-7.7%	$9.5M+30.7%	$7.3M+31.4%	$5.5M+19.2%	$4.7M+27.4%	$3.7M+16.6%	$3.1M+11.7%	$2.8M+37.1%	$2.0M+32.2%	$1.5M+178.1%	$556K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$8.0M+2.7%	-$8.2M-94.3%	-$4.2M-224.5%	-$1.3M
Interest Expense	$184.5M	$156.1M+21.7%	$128.2M+41.7%	$90.4M+104.2%	$44.3M+77.3%	$25.0M+19.8%	$20.8M+12.0%	$18.6M+47.1%	$12.6M+33.8%	$9.5M+199.7%	$3.2M+134.5%	$1.3M+6625.0%	$20K
Income Tax	$1.4M	$2.0M+149.6%	$821K-65.4%	$2.4M+93.6%	$1.2M-69.3%	$4.0M+191.1%	-$4.4M-346.9%	-$980K-10988.9%	$9K+110.8%	-$83K	$0	$0	N/A
Net Income	-$40.8M	$17.3M+136.7%	-$47.2M-22.2%	-$38.6M+19.7%	-$48.1M-22.8%	-$39.2M-138.6%	$101.5M+619.1%	-$19.6M-2092.9%	-$892K+94.8%	-$17.2M-51.5%	-$11.4M-100.9%	-$5.7M-395.2%	-$1.1M
EPS (Diluted)	—	$0.06+133.3%	-$0.18-20.0%	-$0.15+34.8%	-$0.23	-$0.31-129.2%	$1.06	-$0.31	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$129.8M-2.3%	$132.8M+7.2%	$123.9M+16.2%	$106.6M+5.4%	$101.2M+8.1%	$93.6M+3.5%	$90.4M+4.1%	$86.8M
Gross Profit	$78.9M-3.3%	$81.6M+7.1%	$76.2M+16.9%	$65.2M0.0%	$65.2M+14.4%	$57.0M+4.8%	$54.4M+2.0%	$53.3M
SG&A Expenses	$2.2M+16.2%	$1.9M-43.7%	$3.3M+49.5%	$2.2M+56.3%	$1.4M-26.7%	$1.9M+5.9%	$1.8M-23.7%	$2.4M
Interest Expense	$46.3M-12.1%	$52.6M+14.6%	$45.9M+15.5%	$39.7M+6.7%	$37.2M+12.1%	$33.2M+3.5%	$32.1M-7.6%	$34.7M
Income Tax	$13K-92.5%	$174K-76.3%	$734K+71.1%	$429K+170.6%	-$608K-140.7%	$1.5M+377.7%	-$538K-116.1%	-$249K
Net Income	-$8.9M-122.3%	$39.8M+177.6%	-$51.3M-151.3%	-$20.4M+22.4%	-$26.3M-122.8%	$115.3M+1119.4%	-$11.3M-117.5%	-$5.2M
EPS (Diluted)	-$0.03-123.1%	$0.13	N/A	-$0.07+22.2%	-$0.09-121.4%	$0.42	N/A	-$0.02

Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

HGIT Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HGIT annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Total Assets	$6.0B+40.1%	$4.3B+11.9%	$3.8B+3.9%	$3.7B+36.0%	$2.7B+45.2%	$1.9B+18.4%	$1.6B+65.8%	$948.8M+33.8%	$709.0M+50.7%	$470.3M+215.6%	$149.1M+422.1%	$28.6M
Cash & Equivalents	$172.1M+30.0%	$132.4M+25.4%	$105.6M-5.9%	$112.1M-43.0%	$196.6M+251.1%	$56.0M+22.1%	$45.9M+69.0%	$27.1M+49.4%	$18.2M-81.5%	$98.1M+469.8%	$17.2M+531.7%	$2.7M
Total Liabilities	$4.0B+63.1%	$2.5B+32.5%	$1.9B+13.6%	$1.6B+11.3%	$1.5B+46.7%	$1.0B+2.0%	$982.0M+46.5%	$670.1M+53.9%	$435.5M+55.4%	$280.2M+308.3%	$68.6M+131.1%	$29.7M
Long-Term Debt	$2.4B+46.6%	$1.6B+17.6%	$1.4B+5.6%	$1.3B+4.6%	$1.2B+41.3%	$880.8M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.0B+9.0%	$1.8B-7.7%	$2.0B-3.9%	$2.0B+65.5%	$1.2B+43.4%	$862.2M+45.8%	$591.5M+112.2%	$278.7M+1.9%	$273.5M+43.8%	$190.2M+136.4%	$80.4M+7154.1%	-$1.1M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$1.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$6.1B+3.6%	$5.9B-1.1%	$6.0B+6.3%	$5.6B+10.9%	$5.1B+14.0%	$4.5B+4.3%	$4.3B+5.6%	$4.1B
Cash & Equivalents	$284.0M+57.7%	$180.1M+4.6%	$172.1M-57.2%	$402.6M-4.1%	$419.6M+84.3%	$227.7M+72.0%	$132.4M+13.3%	$116.9M
Total Liabilities	$3.9B0.0%	$3.9B-3.3%	$4.0B+9.9%	$3.7B+17.7%	$3.1B+23.8%	$2.5B+1.9%	$2.5B+11.3%	$2.2B
Long-Term Debt	$2.0B-0.3%	$2.0B-13.7%	$2.4B+10.5%	$2.1B+18.5%	$1.8B+24.6%	$1.5B-10.1%	$1.6B+7.2%	$1.5B
Total Equity	$2.1B+0.5%	$2.0B+3.5%	$2.0B-0.4%	$2.0B+0.3%	$2.0B+1.5%	$2.0B+7.5%	$1.8B-1.4%	$1.8B

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.

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.

HGIT annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Operating Cash Flow	$45.7M	$54.7M+1.2%	$54.0M+73.3%	$31.2M+173.0%	$11.4M-75.2%	$46.1M+365.0%	$9.9M-43.1%	$17.4M-9.5%	$19.2M+187.6%	$6.7M+62.2%	$4.1M+353.8%	-$1.6M-574.3%	-$241K
Investing Cash Flow	-$1.3B	-$1.5B-169.8%	-$548.3M-150.2%	-$219.1M+80.3%	-$1.1B-55.5%	-$714.8M-427.8%	-$135.4M+79.3%	-$654.0M-236.0%	-$194.7M+1.2%	-$197.1M+21.2%	-$250.2M-139.3%	-$104.5M-316.2%	-$25.1M
Financing Cash Flow	$1.1B	$1.4B+175.5%	$522.6M+202.4%	$172.8M-83.1%	$1.0B+26.7%	$805.5M+458.3%	$144.3M-78.0%	$656.3M+246.3%	$189.5M+66.5%	$113.8M-65.2%	$327.2M+167.3%	$122.4M+339.0%	$27.9M
Dividends Paid	$183.5M	$170.0M+8.9%	$156.1M+2.9%	$151.7M+23.5%	$122.9M+67.5%	$73.4M+35.4%	$54.2M+52.3%	$35.6M+57.2%	$22.6M+14.4%	$19.8M+95.5%	$10.1M+245.8%	$2.9M+6861.9%	$42K
Share Buybacks	$244.8M	$251.2M+4.7%	$239.9M-8.2%	$261.3M+399.6%	$52.3M+17.7%	$44.4M+40.4%	$31.6M+103.6%	$15.5M+24.0%	$12.5M-38.2%	$20.3M+2738.9%	$714K+5850.0%	$12K	$0

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$33.4M+234.2%	-$24.9M-480.4%	$6.5M-78.7%	$30.6M+265.6%	$8.4M-7.8%	$9.1M-27.1%	$12.5M-51.5%	$25.7M
Investing Cash Flow	-$146.8M-359.7%	$56.5M+109.2%	-$613.2M+0.7%	-$617.4M-73.9%	-$355.0M-433.6%	$106.4M+133.9%	-$313.5M-348.0%	-$70.0M
Financing Cash Flow	$216.4M+928.9%	-$26.1M-107.0%	$373.8M-34.2%	$568.2M+8.3%	$524.7M+2042.7%	-$27.0M-108.8%	$305.4M+341.0%	$69.3M
Dividends Paid	$50.2M+9.1%	$46.0M+3.6%	$44.3M+3.0%	$43.1M+3.0%	$41.8M+2.7%	$40.7M+2.4%	$39.8M+2.0%	$39.0M
Share Buybacks	$69.7M+51.4%	$46.0M-37.1%	$73.2M+31.1%	$55.8M-13.3%	$64.4M+11.5%	$57.8M+39.2%	$41.5M-30.1%	$59.4M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

HGIT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HGIT annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Gross Margin	62.0%+0.6pp	61.4%+0.7pp	60.7%-1.0pp	61.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-13.4%+20.4pp	-33.9%+11.2pp	-45.1%	-1391.5%
Net Margin	4.1%+17.6pp	-13.5%-1.2pp	-12.3%+6.2pp	-18.5%+3.7pp	-22.3%-102.5pp	80.2%+99.0pp	-18.8%-17.5pp	-1.3%+27.5pp	-28.8%+17.8pp	-46.6%+13.4pp	-60.0%	-1213.8%
Return on Equity	0.9%+3.5pp	-2.6%-0.6pp	-2.0%+0.4pp	-2.4%+0.8pp	-3.2%-14.9pp	11.8%+15.1pp	-3.3%-3.0pp	-0.3%+6.0pp	-6.3%-0.3pp	-6.0%+1.0pp	-7.0%	N/A
Return on Assets	0.3%+1.4pp	-1.1%-0.1pp	-1.0%+0.3pp	-1.3%+0.1pp	-1.5%-6.9pp	5.5%+6.7pp	-1.2%-1.1pp	-0.1%+2.3pp	-2.4%0.0pp	-2.4%+1.4pp	-3.8%+0.2pp	-4.0%
Debt-to-Equity	1.20+0.3x	0.89+0.2x	0.70+0.1x	0.64-0.4x	1.010.0x	1.02-0.6x	1.66-0.7x	2.40+0.8x	1.59+0.1x	1.47+0.6x	0.85	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	60.8%-0.6pp	61.4%-0.1pp	61.5%+0.3pp	61.2%-3.3pp	64.5%+3.6pp	60.9%+0.7pp	60.2%-1.2pp	61.4%
Net Margin	-6.9%-36.8pp	29.9%+71.3pp	-41.4%-22.2pp	-19.1%+6.8pp	-26.0%	123.1%	-12.5%-6.5pp	-6.0%
Return on Equity	-0.4%-2.4pp	1.9%+4.5pp	-2.6%-1.6pp	-1.0%+0.3pp	-1.3%-7.2pp	5.9%+6.5pp	-0.6%-0.3pp	-0.3%
Return on Assets	-0.1%-0.8pp	0.7%+1.5pp	-0.9%-0.5pp	-0.4%+0.2pp	-0.5%-3.1pp	2.6%+2.8pp	-0.3%-0.1pp	-0.1%
Debt-to-Equity	0.990.0x	1.00-0.2x	1.20+0.1x	1.08+0.2x	0.91+0.2x	0.74-0.1x	0.89+0.1x	0.82

Not reported in any period shown, so not listed: 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: Operating Margin, Net Margin.

Where Hines Global Income Trust, Inc. Ranks

Frequently Asked Questions

What is Hines Global Income Trust, Inc.'s annual revenue?

Hines Global Income Trust, Inc. (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, Inc.'s revenue growing?

Hines Global Income Trust, Inc. (HGIT) revenue grew by 21.9% year-over-year, from $348.9M to $425.2M in fiscal year 2025.

Is Hines Global Income Trust, Inc. profitable?

Yes, Hines Global Income Trust, Inc. (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, Inc. have?

As of fiscal year 2025, Hines Global Income Trust, Inc. (HGIT) had $172.1M in cash and equivalents against $2.4B in long-term debt.

What is Hines Global Income Trust, Inc.'s gross margin?

Hines Global Income Trust, Inc. (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, Inc.'s net profit margin?

Hines Global Income Trust, Inc. (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, Inc.'s return on equity (ROE)?

Hines Global Income Trust, Inc. (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, Inc.'s operating cash flow?

Hines Global Income Trust, Inc. (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, Inc.'s total assets?

Hines Global Income Trust, Inc. (HGIT) had $6.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Hines Global Income Trust, Inc. buy back shares?

Yes, Hines Global Income Trust, Inc. (HGIT) spent $251.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Hines Global Income Trust, Inc.'s debt-to-equity ratio?

Hines Global Income Trust, Inc. (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, Inc.'s return on assets (ROA)?

Hines Global Income Trust, Inc. (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, Inc.'s Piotroski F-Score?

Hines Global Income Trust, Inc. (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, Inc.'s earnings high quality?

Hines Global Income Trust, Inc. (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.