Performance
Offering Highlights
-
$3.41BTotal Asset Value1
-
$11.24Monthly NAV2
-
139Buildings3
-
32%Leverage Ratio4
-
2014Inception Date
-
96%Percent Leased5
Net Asset Value and Distribution Rate Per Share History
Performance Summary
Share Class Total Returns9
|
1 Year | 3 Year | Inception to Date | |
---|---|---|---|---|
Class I Shares (ZHGIIX)
|
16.16%
|
10.11%
|
9.79%
|
|
Class D Shares (ZHGIDX)
|
15.88%
|
9.84%
|
9.51%
|
|
Class S Shares (ZHGISX) - No Sales Load
|
15.20%
|
9.08%
|
8.74%
|
|
Class S Shares (ZHGISX) - With Sales Load
|
11.19%
|
7.78%
|
7.90%
|
|
Class T Shares (ZHGITX) - No Sales Load
|
15.03%
|
9.03%
|
8.70%
|
|
Class T Shares (ZHGITX) - With Sales Load
|
11.02%
|
7.73%
|
7.87%
|
|
Share Class Total Returns10
|
1 Year | 3 Year | 5 Year | Inception to Date |
---|---|---|---|---|
Class AX (No Sales Load)
|
16.16%
|
10.11%
|
9.60%
|
9.49%
|
Class AX (With Sales Load)
|
N/A
|
N/A
|
7.48%
|
7.91%
|
Class TX (No Sales Load)
|
15.03%
|
9.03%
|
8.51%
|
8.89%
|
Class TX (With Sales Load)
|
N/A
|
N/A
|
7.61%
|
7.99%
|
Class IX (No Sales Load)
|
15.88%
|
9.84%
|
9.32%
|
9.18%
|
Class IX (With Sales Load)
|
N/A
|
N/A
|
9.14%
|
9.00%
|
Historical Monthly Returns
Year
|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual/YTD |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2014
|
|
|
|
|
|
|
|
|
|
0.51%
|
0.50%
|
0.51%
|
1.53%
|
2015
|
0.51%
|
0.46%
|
0.51%
|
0.50%
|
0.51%
|
0.50%
|
0.51%
|
0.51%
|
0.50%
|
0.51%
|
0.50%
|
0.51%
|
6.22%
|
2016
|
0.51%
|
0.48%
|
1.75%
|
0.50%
|
0.51%
|
0.50%
|
0.51%
|
0.52%
|
0.51%
|
0.55%
|
0.53%
|
0.55%
|
7.68%
|
2017
|
0.55%
|
0.49%
|
0.51%
|
7.42%
|
0.53%
|
0.51%
|
0.53%
|
0.53%
|
0.93%
|
0.53%
|
0.51%
|
0.53%
|
14.22%
|
2018
|
1.45%
|
0.52%
|
0.93%
|
0.52%
|
0.31%
|
1.64%
|
0.51%
|
0.51%
|
0.82%
|
0.51%
|
0.71%
|
1.92%
|
10.85%
|
2019
|
0.61%
|
0.52%
|
0.52%
|
0.32%
|
0.71%
|
0.91%
|
0.02%
|
0.61%
|
0.52%
|
1.50%
|
0.22%
|
1.79%
|
8.55%
|
2020
|
0.31%
|
0.02%
|
-3.40%
|
-0.79%
|
0.54%
|
0.64%
|
1.56%
|
0.53%
|
-0.39%
|
0.54%
|
1.46%
|
3.59%
|
4.55%
|
2021
|
0.32%
|
0.52%
|
0.52%
|
1.01%
|
0.81%
|
1.20%
|
0.51%
|
0.61%
|
1.09%
|
1.57%
|
1.17%
|
3.16%
|
13.18%
|
2022
|
0.85%
|
0.76%
|
2.05%
|
2.02%
|
1.27%
|
0.55%
|
0.02%
|
|
|
|
|
|
7.74%
|
Year
|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual/YTD |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2015
|
|
|
|
|
|
|
|
|
0.44%
|
0.45%
|
0.44%
|
0.45%
|
1.80%
|
2016
|
0.45%
|
0.42%
|
1.69%
|
0.44%
|
0.46%
|
0.44%
|
0.46%
|
0.46%
|
0.44%
|
0.46%
|
0.45%
|
0.46%
|
6.83%
|
2017
|
0.46%
|
0.42%
|
0.43%
|
7.32%
|
0.44%
|
0.43%
|
0.44%
|
0.44%
|
0.85%
|
0.44%
|
0.43%
|
0.45%
|
13.07%
|
2018
|
1.37%
|
0.44%
|
0.85%
|
0.43%
|
0.23%
|
1.56%
|
0.43%
|
0.43%
|
0.73%
|
0.43%
|
0.63%
|
1.83%
|
9.75%
|
2019
|
0.53%
|
0.43%
|
0.43%
|
0.23%
|
0.63%
|
0.83%
|
-0.06%
|
0.53%
|
0.43%
|
1.42%
|
0.13%
|
1.71%
|
7.48%
|
2020
|
0.23%
|
-0.06%
|
-3.48%
|
-0.88%
|
0.45%
|
0.56%
|
1.48%
|
0.45%
|
-0.47%
|
0.45%
|
1.38%
|
3.50%
|
3.51%
|
2021
|
0.24%
|
0.43%
|
0.43%
|
0.93%
|
0.73%
|
1.12%
|
0.43%
|
0.52%
|
1.01%
|
1.49%
|
1.09%
|
3.08%
|
12.07%
|
2022
|
0.77%
|
0.68%
|
1.96%
|
1.93%
|
1.19%
|
0.47%
|
-0.06%
|
|
|
|
|
|
7.13%
|
Year
|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual/YTD |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2017
|
|
|
|
|
0.51%
|
0.49%
|
0.51%
|
0.51%
|
0.91%
|
0.51%
|
0.49%
|
0.51%
|
4.53%
|
2018
|
1.43%
|
0.50%
|
0.91%
|
0.50%
|
0.29%
|
1.62%
|
0.49%
|
0.49%
|
0.79%
|
0.49%
|
0.69%
|
1.90%
|
10.57%
|
2019
|
0.59%
|
0.49%
|
0.49%
|
0.30%
|
0.69%
|
0.89%
|
0.00%
|
0.59%
|
0.49%
|
1.48%
|
0.20%
|
1.77%
|
8.28%
|
2020
|
0.29%
|
0.00%
|
-3.42%
|
-0.81%
|
0.52%
|
0.62%
|
1.54%
|
0.51%
|
-0.41%
|
0.51%
|
1.44%
|
3.56%
|
4.29%
|
2021
|
0.30%
|
0.49%
|
0.49%
|
0.99%
|
0.79%
|
1.18%
|
0.49%
|
0.58%
|
1.07%
|
1.55%
|
1.15%
|
3.14%
|
12.90%
|
2022
|
0.83%
|
0.74%
|
2.03%
|
1.99%
|
1.25%
|
0.53%
|
0.00%
|
|
|
|
|
|
7.59%
|
Year
|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual/YTD |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2018
|
1.37%
|
0.44%
|
0.85%
|
0.43%
|
0.23%
|
1.56%
|
0.43%
|
0.43%
|
0.73%
|
0.43%
|
0.63%
|
1.83%
|
9.75%
|
2019
|
0.53%
|
0.43%
|
0.43%
|
0.23%
|
0.63%
|
0.83%
|
-0.06%
|
0.53%
|
0.43%
|
1.42%
|
0.13%
|
1.71%
|
7.48%
|
2020
|
0.23%
|
-0.06%
|
-3.48%
|
-0.88%
|
0.45%
|
0.56%
|
1.48%
|
0.45%
|
-0.47%
|
0.45%
|
1.38%
|
3.50%
|
3.51%
|
2021
|
0.24%
|
0.43%
|
0.43%
|
0.93%
|
0.73%
|
1.12%
|
0.43%
|
0.52%
|
1.01%
|
1.49%
|
1.09%
|
3.08%
|
12.07%
|
2022
|
0.77%
|
0.68%
|
1.96%
|
1.93%
|
1.19%
|
0.47%
|
-0.06%
|
|
|
|
|
|
7.13%
|
Year
|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual/YTD |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2018
|
1.37%
|
0.44%
|
0.85%
|
0.43%
|
0.23%
|
1.56%
|
0.43%
|
0.43%
|
0.73%
|
0.43%
|
0.63%
|
1.83%
|
9.75%
|
2019
|
0.53%
|
0.43%
|
0.43%
|
0.23%
|
0.63%
|
0.83%
|
-0.06%
|
0.53%
|
0.43%
|
1.42%
|
0.13%
|
1.71%
|
7.48%
|
2020
|
0.23%
|
-0.06%
|
-3.48%
|
-0.88%
|
0.45%
|
0.56%
|
1.48%
|
0.45%
|
-0.47%
|
0.45%
|
1.38%
|
3.50%
|
3.51%
|
2021
|
0.24%
|
0.43%
|
0.43%
|
0.93%
|
0.73%
|
1.12%
|
0.43%
|
0.53%
|
1.02%
|
1.50%
|
1.10%
|
3.09%
|
12.14%
|
2022
|
0.79%
|
0.69%
|
1.98%
|
1.95%
|
1.20%
|
0.48%
|
-0.05%
|
|
|
|
|
|
7.22%
|
Year
|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual/YTD |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2018
|
1.43%
|
0.50%
|
0.91%
|
0.50%
|
0.29%
|
1.62%
|
0.49%
|
0.49%
|
0.79%
|
0.49%
|
0.69%
|
1.90%
|
10.57%
|
2019
|
0.59%
|
0.49%
|
0.49%
|
0.30%
|
0.69%
|
0.89%
|
0.00%
|
0.59%
|
0.49%
|
1.48%
|
0.20%
|
1.77%
|
8.28%
|
2020
|
0.29%
|
0.00%
|
-3.42%
|
-0.81%
|
0.52%
|
0.62%
|
1.54%
|
0.51%
|
-0.41%
|
0.51%
|
1.44%
|
3.56%
|
4.29%
|
2021
|
0.30%
|
0.49%
|
0.49%
|
0.99%
|
0.79%
|
1.18%
|
0.49%
|
0.58%
|
1.07%
|
1.55%
|
1.15%
|
3.14%
|
12.90%
|
2022
|
0.83%
|
0.74%
|
2.03%
|
1.99%
|
1.25%
|
0.53%
|
0.00%
|
|
|
|
|
|
7.59%
|
Year
|
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual/YTD |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2018
|
1.45%
|
0.52%
|
0.93%
|
0.52%
|
0.31%
|
1.64%
|
0.51%
|
0.51%
|
0.82%
|
0.51%
|
0.71%
|
1.92%
|
10.85%
|
2019
|
0.61%
|
0.52%
|
0.52%
|
0.32%
|
0.71%
|
0.91%
|
0.02%
|
0.61%
|
0.52%
|
1.50%
|
0.22%
|
1.79%
|
8.55%
|
2020
|
0.31%
|
0.02%
|
-3.40%
|
-0.79%
|
0.54%
|
0.64%
|
1.56%
|
0.53%
|
-0.39%
|
0.54%
|
1.46%
|
3.59%
|
4.55%
|
2021
|
0.32%
|
0.52%
|
0.52%
|
1.01%
|
0.81%
|
1.20%
|
0.51%
|
0.61%
|
1.09%
|
1.57%
|
1.17%
|
3.16%
|
13.18%
|
2022
|
0.85%
|
0.76%
|
2.05%
|
2.02%
|
1.27%
|
0.55%
|
0.02%
|
|
|
|
|
|
7.74%
|
Past performance does not guarantee future results.
*Does not assume payment of the full upfront 3.5% sales charge at initial subscription for Class S and T Shares.
The total returns shown reflect the perÂcent change in the NAV per share from the beginÂning of the periÂod, plus the amount of any disÂtriÂbÂuÂtion per share declared durÂing the periÂod. The total returns shown are calÂcuÂlatÂed assumÂing reinÂvestÂment of disÂtriÂbÂuÂtions purÂsuant to Hines Global’s DRP, are derived from unauÂditÂed finanÂcial inforÂmaÂtion and are net of all Hines GlobÂal expensÂes, includÂing genÂerÂal and adminÂisÂtraÂtive expensÂes, transÂacÂtion relatÂed expensÂes, manÂageÂment fees, the perÂforÂmance parÂticÂiÂpaÂtion alloÂcaÂtion, and share class speÂcifÂic fees, but exclude the impact of earÂly redempÂtion deducÂtions on the redempÂtion of shares that have been outÂstandÂing for less than one year. Broker-dealers may not offer all share classes. Total returns would be lower if calculated assuming that distributions were not reinvested.
The returns have been preÂpared using unauÂditÂed data and valÂuÂaÂtions of the underÂlyÂing investÂments in Hines Global’s portÂfoÂlio, which are estiÂmates of fair valÂue and form the basis for Hines GlobÂal’s NAV per share. ValÂuÂaÂtions based upon unauÂditÂed reports from the underÂlyÂing investÂments may be subÂject to latÂer adjustÂments, may not corÂreÂspond to realÂized valÂue and may not accuÂrateÂly reflect the price at which assets could be liquidated. As return information is calculated based on NAV, return information presented will be impacted should the assumptions on which NAV was determined prove to be incorrect. Hines Global has incurred approximately $39,153,000 in net loss for the year ended December 31, 2021.
9The incepÂtion date for Class I, Class D, Class S and Class T Shares is DecemÂber 6, 2017. Since Hines GlobÂal closÂes monthÂly, an investor that subÂmitÂted a subÂscripÂtion agreeÂment in the month of DecemÂber would not have been admitÂted as a stockholdÂer until the purÂchase occurred on JanÂuÂary 1, 2018. Class I Shares and Class D Shares are sold withÂout an upfront sales load. Class T Shares and Class S Shares listÂed as (With Sales Load) reflect the returns after the maxÂiÂmum up-front sellÂing comÂmisÂsion and dealÂer manÂagÂer fees, which total 3.5% for both share classÂes. Class T Shares and Class S Shares listÂed as (No Sales Load) exclude up-front sellÂing comÂmisÂsions and dealÂer manÂagÂer fees.
10As of SepÂtemÂber 30, 2019, returns are annuÂalÂized utiÂlizÂing a comÂpoundÂing method conÂsisÂtent with the IPA PracÂtice GuideÂline 2018, as reportÂed in the newÂly pubÂlished IPA/​Stanger MonÂiÂtor (iniÂtial issuance in Q1 2019). PreÂviÂousÂly, returns were annuÂalÂized by mulÂtiÂplyÂing the total incepÂtion to date (ITD) return (calÂcuÂlatÂed as described above) by 12 months, dividÂed by the numÂber of months since the respecÂtive incepÂtion date for the applicÂaÂble share class. The incepÂtion dates for the Class AX Shares, Class TX Shares, and Class IX Shares are OctoÂber 1, 2014, SepÂtemÂber 1, 2015, and May 1, 2017, respecÂtiveÂly. Hines GlobÂal is not offerÂing these shares in its curÂrent offerÂing, but such shares were issued in Hines Global’s iniÂtial pubÂlic offerÂing. The annuÂalÂized total return with sales load was calÂcuÂlatÂed assumÂing the maxÂiÂmum up-front sellÂing comÂmisÂsions and dealÂer manÂagÂer fees, as well as the orgaÂniÂzaÂtion and offerÂing expensÂes attribÂutÂable to Class AX Shares, Class TX Shares and Class IX Shares of 10.8%, 5.6% and 0.8%, respecÂtiveÂly (each as a perÂcentÂage of offerÂing price). There is no guarÂanÂtee that an investÂment in the shares being offered in the folÂlow-on offerÂing will result in simÂiÂlar returns to those of preÂviÂousÂly offered share classes.
Net Annualized Distribution Rate
Share Class
|
Based on NAV11 | Based on Gross Offering Price11 | Offering Price per Share12 | |
---|---|---|---|---|
Class I Shares (ZHGIIX)
|
5.56%
|
5.56%
|
$11.24
|
|
Class D Shares (ZHGIDX)
|
5.31%13
|
5.31%
|
$11.24
|
|
Class S Shares (ZHGISX)
|
4.71%13
|
4.54%
|
$11.65
|
|
Class T Shares (ZHGITX)
|
4.56%13
|
4.40%
|
$11.65
|
|
Share Class
|
Based on NAV11 | |
---|---|---|
Class AX
|
5.56%
|
|
Class TX
|
4.56%14
|
|
Class IX
|
5.31%14
|
|
11For the six months ended June 30, 2022, and for the year ended December 31, 2021, Hines Global funded 95% and 41%, respectively, of total distributions with cash flows from other sources such as cash flows from investing activities, which may include proceeds from the sale of real estate and/or cash flows from financing activities, which may include offering proceeds. See footnote 8 for more information.
12The offering prices per share are equal to the transaction price plus applicable up-front selling commissions and dealer manager fees, which reduce the amount available for investment. The offering prices presented above are effective for subscriptions for the classes of Hines Global’s common stock presently being offered that will be accepted as of September 1, 2022.
13The distribution and stockholder servicing fees payable with respect to these shares will reduce the amount of funds available for distribution with respect to such shares (including all such shares issued pursuant to Hines Global’s DRP). Further, because the distribution and stockholder servicing fees payable with respect to Class T Shares and Class S Shares are higher than those payable with respect to Class D Shares distributions with respect to Class T Shares and Class S Shares will be lower than distributions with respect to Class D Shares. Distribution and stockholder servicing fees are 1.0% of NAV per year for Class T Shares, 0.85% of NAV per year for Class S Shares and 0.25% of NAV per year for Class D Shares. Class I Shares are sold without a distribution and stockholder servicing fee. For Class S shares, offering price and distribution rate assume a full 3.5% up front load. Please check with your broker-dealer to see the terms that apply to you.
14The distribution and stockholder servicing fees payable with respect to these shares will reduce the amount of funds available for distribution with respect to such shares (including all such shares issued pursuant to Hines Global’s DRP). Further, because the distribution and stockholder servicing fees payable with respect to Class TX Shares is higher than those payable with respect to Class IX Shares, distributions with respect to Class TX Shares will be lower than distributions with respect to Class IX Shares. No distribution and stockholder servicing fees are payable with respect to Class AX Shares.