HINES REAL ESTATE INVESTMENT TRUST INC
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Financials
SEC XBRL · annual| FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$29.1M | −$14.5M | −$35.5M | −$53.0M | $46.0M | $31.7M |
| Net income | $47.3M | $42.3M | $348.1M | −$76.3M | $38.9M | −$39.9M |
| Total assets | $2.18B | $2.23B | $2.18B | $2.77B | $2.91B | $3.15B |
| Total liabilities | $1.12B | $1.14B | $1.06B | $1.71B | $1.70B | $1.89B |
| Equity | $1.06B | $1.09B | $1.12B | $1.05B | $1.21B | $1.26B |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 224.3M | 227.8M | 232.9M | 228.4M | 227.2M | 222.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2015- Operating margin
- —
- Net margin
- —
- Return on equity
- 4.5%
- Return on assets
- 2.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 51.3%
- Debt / equity
- 1.06×
- Book value / share
- $4.74
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 11.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2015- Accruals / assets
- −0.5%clean
- Piotroski F-Score
- 5/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 good- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.