N/A · Hines Global Income Trust, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $425.20M | $348.91M | $313.18M | $259.52M | $175.93M | $126.61M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | $263.68M | $214.31M | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $8.95M | $8.79M | $9.53M | $7.29M | $5.55M | $4.65M |
| Total Operating Expenses | $402.23M | $309.67M | $294.23M | $276.21M | $203.65M | $138.88M |
| D&A | $163.50M | $133.06M | $130.36M | $124.60M | $88.10M | $68.69M |
| Operating Income | $42.97M | ($46.27M) | ($34.03M) | - | - | - |
| Interest Expense | $156.06M | $128.21M | $90.45M | $44.29M | $24.98M | $20.85M |
| Income Tax | $2.05M | $821.0K | $2.37M | $1.22M | $3.99M | ($4.38M) |
| Net Income | $17.29M | ($47.15M) | ($38.60M) | ($48.10M) | ($39.17M) | $101.54M |
| EPS - Basic | $0.06 | ($0.18) | ($0.15) | ($0.23) | $1.06 | - |
| EPS - Diluted | $0.06 | ($0.18) | ($0.15) | ($0.23) | $1.06 | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $172.15M | $132.41M | $105.58M | $112.15M | $196.63M | $56.00M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $5.99B | $4.28B | $3.82B | $3.68B | $2.70B | $1.86B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $2.37B | $1.62B | $1.38B | $1.30B | $880.80M | - |
| Total Liabilities | $4.01B | $2.46B | $1.86B | $1.63B | $1.47B | $1.00B |
| Stockholders' Equity | $1.98B | $1.82B | $1.97B | $2.05B | $1.24B | $862.22M |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $54.67M | $54.04M | $31.18M | $11.42M | $46.06M | $9.91M |
| Investing Cash Flow | ($1.48B) | ($548.30M) | ($219.15M) | ($1.11B) | ($714.81M) | ($135.42M) |
| Financing Cash Flow | $1.44B | $522.57M | $172.80M | $1.02B | $805.46M | $144.28M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 62.0% | 61.4% | - | - | - | - |
| Operating margin | 10.1% | -13.3% | -10.9% | - | - | - |
| EBITDA margin | 48.6% | 24.9% | 30.8% | - | - | - |
| Net margin | 4.1% | -13.5% | -12.3% | -18.5% | -22.3% | 80.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.1% | 2.5% | 3.0% | 2.8% | 3.2% | 3.7% |
| Effective tax rate | 10.6% | - | - | - | - | -4.5% |
| Return on assets | 0.3% | -1.1% | -1.0% | -1.3% | -1.4% | 5.4% |
| Return on equity | 0.9% | -2.6% | -2.0% | -2.4% | -3.2% | 11.8% |
| Return on invested capital | 0.9% | -1.1% | -0.8% | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 1.20 | 0.89 | 0.70 | 0.64 | 0.71 | - |
| Debt / Assets | 0.40 | 0.38 | 0.36 | 0.35 | 0.33 | - |
| Debt / EBITDA | 11.49 | 18.64 | 14.28 | - | - | - |
| Interest coverage | 0.3x | -0.4x | -0.4x | - | - | - |
| Equity multiplier | 3.03 | 2.36 | 1.94 | 1.80 | 2.19 | 2.16 |
| Liabilities / Assets | 0.67 | 0.58 | 0.49 | 0.44 | 0.54 | 0.54 |
| Efficiency | ||||||
| Asset turnover | 0.07 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 21.9% | 11.4% | 20.7% | 47.5% | 38.9% | 21.9% |
| Revenue CAGR (3y) | 17.9% | 25.6% | 35.2% | 35.7% | 36.6% | 28.5% |
| Revenue CAGR (5y) | 27.4% | 27.4% | 35.3% | 34.2% | 48.5% | 68.2% |
| Gross profit growth (YoY) | 23.0% | - | - | - | - | - |
| Operating income growth (YoY) | - | -36.0% | - | - | - | - |
| Net income growth (YoY) | - | -22.2% | 19.7% | -22.8% | - | - |
| EPS growth (YoY) | - | -20.0% | 34.8% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 9.0% | -7.7% | -3.9% | 65.5% | 43.4% | 45.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$425.20M totalResidential Living Investments$128.25M · 30.2%
Industrial Investments$119.47M · 28.1%
Office Real Estate Investments$82.53M · 19.4%
Retail Investments$58.26M · 13.7%
Other Investment$36.69M · 8.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing HINES GLOBAL INCOME TRUST against the 5 most active filers in the same SIC group.