HINES GLOBAL INCOME TRUST, INC.

Item 8.01 Other Events. Hines Global Income Trust, Inc. (the “Company” or "Hines Global") is filing this Current Report on Form 8-K in order to provide an update regarding our net asset value (“NAV”). November 1, 2026 Transaction Price and NAV Per Share/OP Unit The transaction price for each of the Company's share classes is equal to the NAV per share of the respective share class as of September 30, 2026. A calculation of the NAV and the NAV per share/per limited partnership unit of the Operating Partnership ("OP Units"), is set forth below. September 30, 2026 NAV The Company's board of directors has appointed a valuation committee comprised of independent directors, which we refer to herein as the valuation committee, to be responsible for the oversight of the valuation process. The valuation committee has adopted a valuation policy, as approved by the Company's board of directors, and as amended from time to time, that contains a comprehensive set of methodologies to be used in connection with the calculation of the Company's NAV which is more fully described below. The Company's most recent NAV per share for each share class, and per OP Unit for each class of OP Units, which is updated as of the last calendar day of each month, is posted on the Company's website at hinesglobalincometrust.com and is also available on the Company's toll-free information line at (888) 220-6121. Please see the Company's valuation policy, filed with this Current Report on Form 8-K as Exhibit 99.1, for a more detailed description of the Company’s valuation procedures, including important disclosure regarding interim real property valuations provided by HGIT Advisors LP, the Company's advisor (the "Advisor") and reviewed by Altus Group U.S. Inc. ("Altus"), the independent valuation advisor the Company has engaged to prepare appraisal reviews and carry out a review of the calculation of the NAV for the Company. All parties engaged by the Company in the calculation of its NAV, including its Advisor, are subject to the oversight of the Company's valuation committee. Generally, all of the Company's real properties are appraised once each calendar year by third party appraisal firms in accordance with the Company's valuation guidelines and such appraisals are reviewed by Altus. Altus reviewed the calculation of the new NAV per share/OP Unit of the Company's common stock as of September 30, 2026, as set forth below, and concurred with the calculation of the new NAV per share / OP Unit. The table below sets forth the calculation of the Company's NAV per share of each class of shares of its common stock as well as the NAV per OP Unit held by parties other than the Company as of September 30, 2026 and August 31, 2026 (the NAV per share/OP Unit is the same for each class of shares of the Company's common stock and each class of OP Units, respectively): September 30, 2026 August 31, 2026 Gross Amount Per Share / OP Unit Gross Amount Per Share / OP Unit (in thousands) (in thousands) ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Real estate investments $ 7,292,581 $ 21.33 $ 6,886,628 $ 20.23 Other assets 448,585 1.31 473,541 1.39 Debt and other liabilities (4,382,679) (12.82) (4,014,381) (11.79) NAV $ 3,358,487 $ 9.82 $ 3,345,788 $ 9.83 Shares and OP Units outstanding 341,970 340,479 Hines Global’s consolidated balance sheet as of September 30, 2026 includes a liability of $49.1 million related to distribution and stockholder servicing fees payable to Hines Private Wealth Solutions LLC (the "Dealer Manager") in future periods. The NAV per share/OP Unit as of September 30, 2026 does not include any liability for distribution and stockholder servicing fees that may become payable after September 30, 2026, since these fees may not ultimately be paid in certain circumstances, including if Hines Global was liquidated or if there was a listing of its common stock. As of September 30, 2026, we owned interests in 59 real properties that were 94% leased and consisted of 27.0 million square feet of leasable space, based on information as of June 30, 2026, but reflective of the acquisition of seven assets and the disposition of four assets since that time. Our portfolio was 33% levered based on the valuations of our real properties as of September 30, 2026. Per the terms of the distribution reinvestment plan of Hines Global, distributions issued to participants in the plan will be reinvested in additional shares of the class of the Company’s common stock to which such distributions relate at a price equal to the transaction price applicable to such class of common shares on the date the shares are issued. In addition, subject to the limitations of and restrictions on the Company’s share redemption program, and subject to funds being available as described in the program, shares redeemed under the Company’s share redemption program will be redeemed at a price equal to the transaction price applicable to such class of common shares at the time the shares are redeemed; provided, that shares that have not been outstanding for at least one year will be redeemed at 95% of the transaction price (unless such 5% holding discount is waived under the limited circumstances described in the Company’s share redemption program). Set forth below is the NAV per share/OP Unit as of September 30, 2026, which is the transaction price with respect to shares of common stock, (i) at which distributions declared for October 2026 will be reinvested as of the first business day of November 2026 and (ii) applicable to redemptions completed pursuant to the Company’s share redemption program as of September 30, 2026: Class T Class S Class D Class I Class AX Class JX OP Units ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── NAV(1) (per share/OP Unit) $9.82 $9.82 $9.82 $9.82 $9.82 $9.82 $9.82 (1) The transaction price as of September 30, 2026 is equal to the NAV per share/OP Unit as of September 30, 2026. Prices presented are rounded to the nearest cent. Actual transactions are based on prices rounded to four decimals. The valuations of the Company's real properties as of September 30, 2026 were reviewed by Altus in accordance with the Company's valuation procedures. Certain key assumptions that were used in the discounted cash flow analysis, which were determined by the Advisor, and reviewed by Altus, are set forth in the following table based on weighted-averages by property type. However, the table below excludes assumptions related to any properties that were acquired in the past 12 months and are being carried at their purchase price. In accordance with our valuation policy, the acquisition cost of these properties may serve as their value for a period of up to one year following their acquisition. Office Industrial Retail Residential/Living Other Weighted-Average Basis ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Exit Capitalization rate 6.96% 5.66% 6.33% 5.55% 6.47% 5.93% Discount rate / internal rate of return (“IRR”) 8.39% 7.11% 7.88% 7.05% 8.11% 7.41% Average holding period (years) 8.6 9.1 9.5 9.6 8.5 9.2 A change in the rates used would impact the calculation of the value of the Company's real properties. For example, assuming all other factors remain constant, the changes listed below would result in the following effects on the value of the Company's real properties: Input Hypothetical Office Industrial Retail Residential/Living Other Weighted-Average Values Change ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Exit Capitalization rate 0.25% decrease 2.42% 3.05% 2.66% 2.84% 2.48% 2.81% (weighted-average) 0.25% increase (2.11)% (3.11)% (2.32)% (2.72)% (2.26)% (2.70)% Discount rate 0.25% decrease 1.97% 1.78% 1.73% 1.87% 1.86% 1.83% (weighted-average) 0.25% increase (1.86)% (1.74)% (1.62)% (1.88)% (1.79)% (1.79)% October 2026 Distributions The Company's board of directors has authorized the Company to declare distributions for the month of October 2026. Distributions for each class of the Company’s common stock and OP Units will be as follows (as rounded to the nearest three decimal places): October 2026 Gross Distribution Distribution and Stockholder Servicing Fee Net Distribution ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Class T Shares / OP Units $0.052 $0.008 $0.044 Class S Shares / OP Units $0.052 $0.007 $0.045 Class D Shares / OP Units $0.052 $0.002 $0.050 Class I Shares / OP Units $0.052 $— $0.052 Class AX / JX Shares / OP Units $0.052 $— $0.052 The net distributions for each class of shares of the Company’s common stock and OP Units (which represents the gross distributions less the distribution and stockholder servicing fee for each applicable class of shares of common stock and OP Units) will be payable to holders of record as of the last business day of October 2026, and will be paid on the first business day of November 2026. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan. Distributions reinvested pursuant to the Company’s distribution reinvestment plan will be reinvested in shares of the same class of shares as the shares on which the distributions are being made. Some or all of the cash distributions may be paid from sources other than cash flows from operations.