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AEI Income & Growth Fund XXII LTD Partnership

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial report summary

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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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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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