AEI Income & Growth Fund XXII LTD Partnership Dashboard

Management Discussion

• For the years ended December 31, 2020 and 2019, the Partnership recognized rental income of $503,548 and $560,172, respectively. In 2020, rental income decreased due to the sale of two properties in 2019 and one property in 2020. This decrease was partially offset by rent increases on one property, rent received from one property acquisition in 2020, and by free rent for one month in 2019 related to the Best Buy store as discussed below. Based on the scheduled rent for the properties owned as of February 28, 2021, the Partnership expects to recognize rental income of approximately $506,000 in 2021.
• For the years ended December 31, 2020 and 2019, the Partnership incurred Partnership administration expenses from affiliated parties of $101,063 and $107,704, 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 $46,511 and $44,778, 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 years ended December 31, 2020 and 2019, the Partnership recognized interest income of $8,978 and $33,231, respectively. In 2020, interest income decreased due to the Partnership having less money invested in a money market account due to property sales and higher money market interest rates in 2019.