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AEI Income & Growth Fund XXI LTD Partnership

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

14 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.89M 3.89M 3.89M 3.89M 3.89M 3.89M
Cash burn (monthly) 138.23K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 564.72K n/a n/a n/a n/a n/a
Cash remaining 3.33M n/a n/a n/a n/a n/a
Runway (months of cash) 24.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Management Discussion
  • For the three months ended March 31, 2021 and 2020, the Partnership recognized rental income of $180,506 and $208,699, respectively. In 2021, rental income decreased due to the sale of one property in 2020. Based on the scheduled rent for the properties owned as of April 30, 2021, the Partnership expects to recognize rental income of approximately $789,000 in 2021.
  • For the three months ended March 31, 2021 and 2020, the Partnership incurred Partnership administration expenses from affiliated parties of $43,656 and $43,277, 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 $35,018 and $24,758, 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.
  • The Partnership owns a 30% interest in the Gander Mountain store in Champaign, Illinois. The remaining interests in the property are owned by affiliates of the Partnership. On March 10, 2017, Gander Mountain Company filed for Chapter 11 reorganization and announced it was closing the store, following a liquidation sale of its onsite assets. In June 2017, the tenant filed a motion with the bankruptcy court to reject the lease for this store effective June 30, 2017. At this time, the tenant returned possession of the property to the owners and the Partnership became responsible for its 30% share of real estate taxes and other costs associated with maintaining the property. The tenant paid rent through June 2017.
Content analysis
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Positive
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Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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