Filing Flows › Hines Global Income Trust (HGIT) › Q1 2026 › vs Q1 2025
Hines Global Income Trust (HGIT) Q1 2026 vs Q1 2025 (year over year)
Hines Global Income Trust's revenue rose $39.2M (+42%) from $93.6M in Q1 2025 to $133M in Q1 2026. The biggest changes: Retail Investments +$15.9M (+169%); Industrial Investments +$11.0M (+46%); Residential/Living Investments +$10.0M (+34%). Gross margin 61.4% against 60.9% (+0.5 pts).
Hines Global Income Trust, Q1 2026: revenue $133M (+42% year over year), operating margin 5.6%, net earnings $39.8M, operating cash flow −$24.9M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 61.4% | 60.9% | +0.5 pts |
| Operating margin | 5.6% | 13.4% | -7.8 pts |
| Net margin | 29.9% | 123.1% | -93.2 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Residential/Living Investments | $39.6M | $29.6M | $10.0M | +34% |
| Industrial Investments | $35.0M | $24.0M | $11.0M | +46% |
| Retail Investments | $25.3M | $9.4M | $15.9M | +169% |
| Office Real Estate Investments | $25.0M | $21.4M | $3.6M | +17% |
| Other Investment | $8.0M | $9.2M | −$1.2M | -13% |
| Revenue | $133M | $93.6M | $39.2M | +42% |
| Gross profit | $81.6M | $57.0M | $24.6M | +43% |
| Cost of revenue | $51.2M | $36.6M | $14.6M | +40% |
| Other income, net | $32.5M | $104M | −$71.7M | -69% |
| Operating profit | $7.4M | $12.6M | −$5.1M | -41% |
| Operating expenses | $74.2M | $44.4M | $29.8M | +67% |
| Pre-tax earnings | $40.0M | $117M | −$76.8M | -66% |
| General & admin | $1.9M | $1.9M | −$70K | -4% |
| Other operating costs | $72.3M | $42.5M | $29.8M | +70% |
| Net earnings | $39.8M | $115M | −$75.5M | -65% |
| Income tax | $174K | $1.5M | −$1.3M | -88% |
| Operating cash sources | $120M | $140M | −$20.1M | -14% |
| Depreciation & amortization | $55.2M | $33.7M | $21.5M | +64% |
| Cash used in operations | $24.9M | −$9.1M | $34.0M | — |
| Working capital & other | $120M | $140M | −$20.1M | -14% |
Questions
How much did Hines Global Income Trust's revenue grow year over year in Q1 2026?
Hines Global Income Trust's revenue rose $39.2M (+42%) from $93.6M in Q1 2025 to $133M in Q1 2026.
What drove Hines Global Income Trust's revenue change in Q1 2026?
Retail Investments +$15.9M (+169%); Industrial Investments +$11.0M (+46%); Residential/Living Investments +$10.0M (+34%).