Quarterly ResultMay 14, 2026, 02:52 PM
Hines Global Q1 EPS $0.13, Down 69%; Revenue Up 41.9% to $132.8M
AI Summary
Hines Global Income Trust reported mixed results for the first quarter of 2026. While total revenues increased significantly by 41.9% to $132.8 million, net income attributable to common stockholders decreased by 65.5% to $39.8 million, and EPS fell 69% to $0.13. This decline was primarily driven by a lower gain on the sale of real estate compared to the prior year and a substantial increase in interest expense. The company also completed an acquisition and a divestment during the quarter.
Key Highlights
- Net income attributable to common stockholders decreased 65.5% to $39.8 million.
- Basic and diluted EPS fell 69% to $0.13 per share.
- Total revenues increased 41.9% to $132.8 million.
- Gain on real estate sales was $63.7 million, down from $151.2 million.
- Interest expense rose 58.4% to $52.6 million.
- Acquired Tortona Logistics building for $61.1 million in March 2026.
- Sold Briargate property for $150.7 million in March 2026.
- Total debt outstanding decreased 13.7% to $2.05 billion.