Company profile
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Investment data
Securities sold
Number of investors
Calendar
13 May 22
26 Jun 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Financial report summary
?Management Discussion
- For the three months ended March 31, 2022 and 2021, the Partnership recognized rental income of $127,851 and $126,973, respectively. In 2022, rental income increased due to a rent increase on two properties. This increase was partially offset by the sale of one property in 2022 and a rent decrease to the Staples store as discussed below. Based on the scheduled rent for the properties owned as of March 31, 2022, the Partnership expects to recognize rental income of approximately $517,000 in 2022.
- The Partnership owns a 28% interest in a Staples store in Clermont, Florida. The remaining interests in the property is owned by an affiliate of the Partnership. On July 17, 2020, the lease term ended, and the tenant returned possession of the property to the owners. While the property is vacant, the Partnership is responsible for its 28% share of real estate taxes and other costs associated with maintaining the property. The owners have listed the property for sale or lease with a real estate broker in the Clermont area. The annual rent from this property represented approximately 15% of the total annual rent of the Partnership’s property portfolio. The loss of rent and increased expenses related to this property will decrease the Partnership’s cash flow. However, at this time, the Partnership does not anticipate the need to further reduce its regular quarterly cash distribution rate. In March 2022, the Partnership entered into an agreement to sell its 28% interest in the Staples store in Clermont, Florida to an unrelated third party. The sale is subject to contingencies and may not be completed.
Content analysis
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Readability |
8th grade Avg
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New words:
Buy, February, Geneva, Lake, position, Trust, Wisconsin
Removed:
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Financial reports
Current reports
8-K
Completion of Acquisition or Disposition of Assets
4 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
12 Aug 21
8-K
Completion of Acquisition or Disposition of Assets
6 Aug 20
8-K
Completion of Acquisition or Disposition of Assets
31 Jul 20
8-K
Completion of Acquisition or Disposition of Assets
6 Aug 19
8-K
Completion of Acquisition or Disposition of Assets
12 Apr 19
8-K
Other Events
19 Apr 16
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 15
8-K
Completion of Acquisition or Disposition of Assets
5 Sep 13
8-K
Completion of Acquisition or Disposition of Assets
11 Jun 13
Registration and prospectus
D
$1.3M in other securities, sold $1.3M
22 Aug 13
D
$2.25M in other securities
2 Oct 12
D
$8.6K in other securities, sold $8.6K
28 Feb 11
REGDEX
Notice of sale of securities
5 Jan 04
REGDEX
Notice of sale of securities
30 Sep 03
REGDEX
Notice of sale of securities
14 Apr 03
REGDEX/A
Notice of sale of securities (amended)
13 Mar 03
REGDEX
Notice of sale of securities
27 Feb 03
REGDEX/A
Notice of sale of securities (amended)
12 Dec 02
REGDEX/A
Notice of sale of securities (amended)
22 Oct 02