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)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments297,003293,376256,914243,321250,887217,058
Cash and cash equivalent132,413116,859104,40790,059105,58084,733
Short-term investments164,590176,517152,507153,262145,307132,325
Prepaid expense6,3747,7098,4679,9928,6907,614
Total current assets:303,377301,085265,381253,313259,577224,672
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization15,47915,51315,54515,57815,61115,644
Operating lease, right-of-use asset9,75810,1124,0124,0564,1123,703
Intangible assets, net (including goodwill)250,747246,446258,722275,762285,969257,135
Intangible assets, net (excluding goodwill)250,747246,446258,722275,762285,969257,135
Total noncurrent assets:275,984272,071278,279295,396305,692276,482
Other undisclosed assets3,696,5763,477,5183,387,1143,373,2823,257,4153,214,331
TOTAL ASSETS:4,275,9374,050,6743,930,7743,921,9913,822,6843,715,485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt54,11352,92154,76156,83859,07461,482
Off-market lease, unfavorable54,11352,92154,76156,83859,07461,482
Total noncurrent liabilities:54,11352,92154,76156,83859,07461,482
Other undisclosed liabilities2,406,6852,157,5022,023,8451,964,0731,797,8811,671,037
Total liabilities:2,460,7982,210,4232,078,6062,020,9111,856,9551,732,519
Equity
Equity, attributable to parent, including:1,815,1391,840,2511,852,1681,901,0801,965,7291,982,966
Common stock266261259259259258
Additional paid in capital2,609,4332,559,5352,542,8982,536,8642,542,0082,533,339
Accumulated other comprehensive income (loss)(17,994)5,939(9,701)(8,430)(3,222)(17,672)
Other undisclosed equity, attributable to parent(776,566)(725,484)(681,288)(627,613)(573,316)(532,959)
Total equity:1,815,1391,840,2511,852,1681,901,0801,965,7291,982,966
TOTAL LIABILITIES AND EQUITY:4,275,9374,050,6743,930,7743,921,9913,822,6843,715,485

Income Statement (P&L) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues90,39686,81586,20685,49183,15578,193
Operating lease, lease income87,32983,67383,03782,41880,47375,601
Cost of revenue(43,834)(42,199)(39,789)(42,000)(41,414)(39,513)
Cost of product and service sold(35,999)(33,505)(31,375)(20,517)(22,365)(19,581)
Other undisclosed gross profit33,226     
Gross profit:79,78844,61646,41743,49141,74138,680
Operating expenses(34,730)(35,084)(36,618)(35,416)(35,176)(33,921)
Operating income:45,0589,5329,7998,0756,5654,759
Nonoperating income (expense)9,0121,0128,4237,7032,324(400)
Investment income, nonoperating1,331(4,658)3,0773,676(4,748)(1,255)
Gain (loss), foreign currency transaction, before tax1,085(1,396)514(389)3,288(2,189)
Other nonoperating income6,5967,0664,8324,4163,7843,044
Interest and debt expense(32,074)(34,699)(31,675)(29,760)(26,279)(24,413)
Income (loss) from continuing operations before equity method investments, income taxes:21,996(24,155)(13,453)(13,982)(17,390)(20,054)
Other undisclosed income (loss) from continuing operations before income taxes(33,814)18,711(164)(1,411)16,699(8,395)
Income (loss) from continuing operations before income taxes:(11,818)(5,444)(13,617)(15,393)(691)(28,449)
Income tax expense (benefit)538249(1,248)(360)(1,327)(514)
Income (loss) from continuing operations:(11,280)(5,195)(14,865)(15,753)(2,018)(28,963)
Other undisclosed net loss      
Net income (loss):(11,280)(5,195)(14,865)(15,753)(2,018)(28,963)
Net loss attributable to noncontrolling interest(26)(3)(26)(3)(3)(3)
Net income (loss) available to common stockholders, diluted:(11,306)(5,198)(14,891)(15,756)(2,021)(28,966)

Comprehensive Income ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net income (loss):(11,280)(5,195)(14,865)(15,753)(2,018)(28,963)
Other undisclosed comprehensive income (loss)(23,933)15,640(1,271)(5,208)14,450(10,891)
Comprehensive income (loss):(35,213)10,445(16,136)(20,961)12,432(39,854)
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(3)(26)(3)(3)(3)
Comprehensive income (loss), net of tax, attributable to parent:(35,239)10,442(16,162)(20,964)12,429(39,857)

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.

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