HINES GLOBAL INCOME TRUST, INC. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
845 TEXAS AVENUE HOUSTON, TX 77002 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 250,887 | 245,890 | 270,886 | 107,135 | 82,366 | 36,737 | |||
| Cash and cash equivalent | 105,580 | 112,149 | 196,630 | 55,998 | 45,875 | 27,138 | |||
| Short-term investments | 145,307 | 133,741 | 74,256 | 51,137 | 36,491 | 9,599 | |||
| Prepaid expense | 8,690 | 3,972 | 3,795 | 1,315 | 573 | ||||
| Total current assets: | 259,577 | 249,862 | 274,681 | 107,135 | 83,681 | 37,310 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 15,611 | 15,744 | 15,875 | ✕ | |||||
| Operating lease, right-of-use asset | 4,112 | 3,678 | 3,990 | 4,367 | 37,606 | ✕ | |||
| Intangible assets, net (including goodwill) | 285,969 | 300,137 | 232,410 | 121,830 | 98,537 | 90,697 | |||
| Intangible assets, net (excluding goodwill) | 285,969 | 300,137 | 232,410 | 121,830 | 98,537 | 90,697 | |||
| Total noncurrent assets: | 305,692 | 319,559 | 252,275 | 126,197 | 136,143 | 90,697 | |||
| Other undisclosed assets | 3,257,415 | 3,110,379 | 2,177,965 | 1,630,085 | 1,353,721 | 820,822 | |||
| TOTAL ASSETS: | 3,822,684 | 3,679,800 | 2,704,921 | 1,863,417 | 1,573,545 | 948,829 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 59,074 | 69,079 | 40,366 | 21,393 | 19,633 | 18,034 | |||
| Off-market lease, unfavorable | 59,074 | 69,079 | 40,366 | 21,393 | 19,633 | 18,034 | |||
| Total noncurrent liabilities: | 59,074 | 69,079 | 40,366 | 21,393 | 19,633 | 18,034 | |||
| Other undisclosed liabilities | 1,797,881 | 1,565,435 | 1,428,523 | 979,806 | 962,391 | 652,062 | |||
| Total liabilities: | 1,856,955 | 1,634,514 | 1,468,889 | 1,001,199 | 982,024 | 670,096 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,965,729 | 2,045,286 | 1,236,032 | 862,218 | 591,521 | 278,733 | |||
| Common stock | 259 | 250 | 154 | 104 | 83 | 44 | |||
| Additional paid in capital | 2,542,008 | 2,445,101 | 1,440,225 | 938,736 | 735,545 | 371,274 | |||
| Accumulated other comprehensive income (loss) | (3,222) | (17,092) | 7,628 | 22,829 | 2,723 | (874) | |||
| Other undisclosed equity, attributable to parent | (573,316) | (382,973) | (211,975) | (99,451) | (146,830) | (91,711) | |||
| Total equity: | 1,965,729 | 2,045,286 | 1,236,032 | 862,218 | 591,521 | 278,733 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,822,684 | 3,679,800 | 2,704,921 | 1,863,417 | 1,573,545 | 948,829 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 313,182 | 259,519 | 175,926 | 126,615 | 103,883 | 69,069 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 68,006 | |
| Operating lease, lease income | 302,855 | 251,834 | 171,848 | 123,389 | 101,762 | ✕ | ||
| Cost of revenue | (153,529) | (144,323) | (109,889) | (64,845) | (56,685) | (35,178) | ||
| Cost of product and service sold | (76,199) | (59,944) | (43,156) | (32,875) | (25,198) | |||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 159,653 | 115,196 | 66,037 | 61,770 | 47,198 | 33,891 | ||
| Operating expenses | (140,697) | (131,888) | (93,758) | (74,032) | (50,006) | (35,753) | ||
| Operating income (loss): | 18,956 | (16,692) | (27,721) | (12,262) | (2,808) | (1,862) | ||
| Nonoperating income (expense) | 20,879 | 21,689 | 1,267 | 8,415 | (1,429) | (449) | ||
| Investment income, nonoperating | 4,255 | 18,146 | 2,245 | 9,224 | (812) | (11) | ||
| Gain (loss), foreign currency transaction, before tax | 3,257 | (2,783) | (978) | (809) | (617) | (438) | ||
| Other nonoperating income | 13,367 | 6,326 | ||||||
| Interest and debt expense | (90,449) | (44,286) | (24,976) | (23,649) | (18,608) | (12,649) | ||
| Loss from continuing operations before equity method investments, income taxes: | (50,614) | (39,289) | (51,430) | (27,496) | (22,845) | (14,960) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 14,397 | |||||||
| Loss from continuing operations before income taxes: | (36,217) | (39,289) | (51,430) | (27,496) | (22,845) | (14,960) | ||
| Income tax expense (benefit) | (2,370) | (1,224) | (3,988) | 4,380 | 980 | (9) | ||
| Loss from continuing operations: | (38,587) | (40,513) | (55,418) | (23,116) | (21,865) | (14,969) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (55,418) | (23,116) | (21,865) | (14,969) | |
| Other undisclosed net income (loss) | (7,571) | 16,265 | 124,669 | 2,317 | 14,090 | |||
| Net income (loss): | (38,587) | (48,084) | (39,153) | 101,553 | (19,548) | (879) | ||
| Net loss attributable to noncontrolling interest | (13) | (13) | (13) | (13) | (13) | (13) | ||
| Net income (loss) available to common stockholders, diluted: | (38,600) | (48,097) | (39,166) | 101,540 | (19,561) | (892) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (38,587) | (48,084) | (39,153) | 101,553 | (19,548) | (879) | ||
| Other undisclosed comprehensive income (loss) | 13,870 | (24,720) | (15,201) | 20,106 | 3,597 | (5,812) | ||
| Comprehensive income (loss): | (24,717) | (72,804) | (54,354) | 121,659 | (15,951) | (6,691) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (13) | (13) | (13) | (13) | (13) | (13) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (24,730) | (72,817) | (54,367) | 121,646 | (15,964) | (6,704) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.