AEI Income & Growth Fund XXII LTD Partnership Dashboard

Management Discussion

• For the three months ended March 31, 2021 and 2020, the Partnership recognized rental income of $126,973 and $116,046, respectively. In 2021, rental income increased due to a rent increase on one property and rent received from one property acquisition in 2020. This increase was partially offset by the sale of one property in 2020 and a rent decrease to the Staples store as discussed below. Based on the scheduled rent for the properties owned as of April 30, 2021, the Partnership expects to recognize rental income of approximately $506,000 in 2021.
• For the three months ended March 31, 2021 and 2020, the Partnership incurred Partnership administration expenses from affiliated parties of $28,245 and $30,685, respectively. These administration expenses include costs associated with the management of the properties, processing distributions, reporting requirements and communicating with the Limited Partners. During the same periods, the Partnership incurred Partnership administration and property management expenses from unrelated parties of $15,794 and $13,560, respectively. These expenses represent direct payments to third parties for legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs.
• For the three months ended March 31, 2021 and 2020, the Partnership recognized interest income of $433 and $7,027, respectively. In 2021, interest income decreased due to the Partnership having less money invested in a money market account due to property sales in 2020.