Filing Flows › Hines Global Income Trust (HGIT) › Q2 2026
Hines Global Income Trust (HGIT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Hines Global Income Trust (HGIT) reported revenue of $130M for the second quarter 2026 (Q2 2026), +28% from a year earlier and -2% from the quarter before. Operating margin was 5.1%, net loss $9.5M (7.3% of revenue).
Hines Global Income Trust, Q2 2026: revenue $130M (+28% year over year), operating margin 5.1%, net loss $9.5M, operating cash flow $33.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | -2% | +28% |
| Operating profit | $6.7M | -10% | +6% |
| Net earnings | −$9.5M | -124% | — |
| Operating cash flow | $33.4M | — | +298% |
| Free cash flow | $22.7M | — | — |
What changed
Revenue was $129.8M in Q2 2026, up 28% year over year and down 2% from the previous quarter. Residential/Living Investments was the largest line at 30% of revenue. Retail Investments added $13.0M year over year (up 120%), 45% of the total change. Other Investment declined 9%.
Gross margin was 60.8%, down 3.7 points from Q2 2025. Operating profit was $6.7M, a 5.1% margin (down 1.1 points year over year). Of the extra revenue versus Q2 2025, 1% reached operating profit, below the 6% margin then. Operating expenses grew 23% against revenue growth of 28%. The fastest-growing cost line was General & admin (+53%). The quarter ended with a net loss of $9.5M, after a profit of $39.8M the previous quarter. Minority interests bore $618K of it: to shareholders the quarter was a loss of $8.9M. Net interest and other expense of $16.2M was the main reason.
Operating cash flow was $33.4M (up 298% year over year). Non-cash charges added back $51.0M of depreciation and amortization. Working capital and other items used $8.1M. Capital expenditures of $10.7M left free cash flow of $22.7M.
Questions
What was Hines Global Income Trust's revenue in the second quarter 2026?
Hines Global Income Trust (HGIT) reported revenue of $130M for the second quarter 2026 (Q2 2026), +28% from a year earlier and -2% from the quarter before.
Was Hines Global Income Trust profitable in the second quarter 2026?
Operating profit was $6.7M (5.1% of revenue) and net loss $9.5M.