Filing Flows › Hines Global Income Trust (HGIT) › Q1 2025
Hines Global Income Trust (HGIT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Hines Global Income Trust (HGIT) reported revenue of $93.6M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 13.4%, net earnings $115M (123.1% of revenue).
Hines Global Income Trust, Q1 2025: revenue $93.6M (+10% year over year), operating margin 13.4%, net earnings $115M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.6M | +4% | +9% |
| Gross profit | $57.0M | +5% | +10% |
| Operating profit | $12.6M | +6% | +56% |
| Net earnings | $115M | — | — |
| Operating cash flow | $9.1M | -27% | — |
What changed
Revenue was $93.6M in Q1 2025, up 9% year over year and up 4% from the previous quarter. Residential/Living investments was the largest line at 32% of revenue. Residential/Living investments added $5.6M year over year (up 23%), 69% of the total change.
Gross margin was 60.9%, up 0.4 points from a year earlier. Operating profit was $12.6M, a 13.4% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 9% margin then. Operating expenses grew 2% against revenue growth of 9%. Net earnings were $115.3M. The effective tax rate was 1.3%. Non-operating items added $104.2M, 89% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.1M, 8% of net earnings. Non-cash charges added back $33.7M of depreciation and amortization. Working capital and other items used $139.9M. Capital expenditures of $13.0M exceeded it, leaving free cash flow of −$3.9M.
Questions
What was Hines Global Income Trust's revenue in the first quarter 2025?
Hines Global Income Trust (HGIT) reported revenue of $93.6M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +4% from the quarter before.
Was Hines Global Income Trust profitable in the first quarter 2025?
Operating profit was $12.6M (13.4% of revenue) and net earnings $115M.