Filing Flows › Hines Global Income Trust (HGIT) › Q4 2024
Hines Global Income Trust (HGIT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Hines Global Income Trust (HGIT) reported revenue of $90.4M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +4% from the quarter before. Operating margin was 13.1%, net loss $11.3M (12.5% of revenue).
Hines Global Income Trust, Q4 2024: revenue $90.4M (+9% year over year), operating margin 13.1%, net loss $11.3M, operating cash flow $12.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.4M | +4% | +9% |
| Operating profit | $11.8M | — | — |
| Net earnings | −$11.3M | — | — |
| Operating cash flow | $12.5M | -51% | — |
What changed
Revenue was $90.4M in Q4 2024, up 9% year over year and up 4% from the previous quarter. Residential/Living investments was the largest line at 29% of revenue.
Gross margin was 60.2%. Operating profit was $11.8M, a 13.1% margin (up 5.2 points year over year). Of the extra revenue versus a year earlier, 73% reached operating profit, above the 8% margin then. The quarter ended with a net loss of $11.3M, wider than the previous quarter's $5.2M loss. Net interest and other expense of $23.6M was the main reason.
Operating cash flow was $12.5M. Non-cash charges added back $32.9M of depreciation and amortization. Working capital and other items used $9.1M. Capital expenditures of $21.3M exceeded it, leaving free cash flow of −$8.8M.
Questions
What was Hines Global Income Trust's revenue in the fourth quarter 2024?
Hines Global Income Trust (HGIT) reported revenue of $90.4M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +4% from the quarter before.
Was Hines Global Income Trust profitable in the fourth quarter 2024?
Operating profit was $11.8M (13.1% of revenue) and net loss $11.3M.