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AEI Income & Growth Fund XXI LTD Partnership

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

30 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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.

Financial report summary

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Management Discussion
  • For the years ended December 31, 2020 and 2019, the Partnership recognized rental income of $830,552 and $1,001,165, respectively. In 2020, rental income decreased due to the sale of one property in 2019, one property in 2020 and a decrease related to the Jared Jewelry store in Auburn Hills, Michigan 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 $789,000 in 2021.
  • For the years ended December 31, 2020 and 2019, the Partnership incurred Partnership administration expenses from affiliated parties of $138,479 and $156,988, 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 $87,103 and $97,151, 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. The owners have listed the property for lease with a real estate broker in the Champaign area.
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