Hines Global Income Trust, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $425.2M | $348.9M | $313.2M | $259.5M | $175.9M | $126.6M | $103.9M | $69.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $263.7M | $214.3M | $190.2M | $160.3M | — | — | — | — |
| Gross Margin | 62.0% | 61.4% | 60.7% | 61.8% | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $8.9M | $8.8M | $9.5M | $7.3M | $5.5M | $4.7M | $3.7M | $3.1M |
| Operating Income | $199.0M | $81.9M | $54.2M | $-843.0K | $-9.1M | $-11.6M | $-2.8M | $-1.9M |
| Operating Margin | 46.8% | 23.5% | 17.3% | -0.3% | -5.1% | -9.1% | -2.7% | -2.7% |
| Interest Expense | $156.1M | $128.2M | $90.4M | $44.3M | $25.0M | $20.8M | $18.6M | $12.6M |
| Pretax Income | $43.0M | $-46.3M | $-36.2M | $-45.1M | $-34.0M | — | — | — |
| Income Tax Expense | $2.0M | $821.0K | $2.4M | $1.2M | $4.0M | $-4.4M | $-980.0K | $9.0K |
| Net Income | $17.3M | $-47.2M | $-38.6M | $-48.1M | $-39.2M | $101.5M | $-19.6M | $-892.0K |
| Net Margin | 4.1% | -13.5% | -12.3% | -18.5% | -22.3% | 80.2% | -18.8% | -1.3% |
| EPS (Basic) | $0.06 | $-0.18 | $-0.15 | $-0.23 | $-0.31 | $1.06 | $-0.31 | $-0.02 |
| EPS (Diluted) | $0.06 | $-0.18 | $-0.15 | $-0.23 | $-0.31 | $1.06 | $-0.31 | $-0.02 |
| Shares Outstanding (Basic) | 283.5M | 263.1M | 259.2M | 211.2M | 127.7M | 95.9M | 63.0M | — |
| Shares Outstanding (Diluted) | 283.5M | 263.1M | 259.2M | 211.2M | 127.7M | 95.9M | 63.0M | — |
| Dividends Per Share | — | — | — | — | — | — | — | $0.61 |