Hines Global Income Trust Announces $10.10 Estimated NAV
January 16, 2019 | James Sprow | Blue Vault
In an 8-K filed January 16, Hines Global Income Trust announced their estimated NAV per share as of December 31, 2018, of $10.10 for each share class of common shares. The estimated NAV will be the February 1, 2019, transaction price, the distribution reinvestment price and the share redemption price. The $10.10 NAV represents a $0.14 or 1.4% increase over the November 30, 2018, NAV.
The REIT’s valuations of its real properties as of December 31, 2018, were reviewed by Altus in accordance with the Company’s valuation procedures. Its real estate investments were valued at $23.10 per share, up from $22.34 per share as of November 30, 2018. Other assets were valued at $1.21 per share, down from $1.50 per share as of November 30, 2018. Debt and other liabilities were valued at ($14.21) per share, versus ($13.88) per share as of November 30, 2018. The NAV per share as of December 31, 2018, does not include any liability for distribution and stockholder servicing fees that may become payable after December 31, 2018, since these fees may not ultimately be paid in certain circumstances, including if Hines Global was liquidated or if there was a listing of its common stock.
Related: Hines Global REIT Declares December 2018 Distributions, Ends Monthly Distributions
The REIT also declared distributions for January 2019 of $0.052 per share, subject to class-specific distribution and stockholder servicing fees. The net distributions for Class T and Class S shares after such fees would be $0.044 per share, for Class D shares $0.050 per share, and for Class I shares $0.052 per share.
Source: SEC
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