Wed, Nov 13, 8:23 PM (60 days ago)
For the quarter ending September 30, 2024, AEI Income & Growth Fund XXI Limited Partnership (AEI) reported stable quarterly performance with rental income of $250,044, slightly up from $249,582 in Q3 2023. Year-to-date revenue reached $749,550, reflecting a modest increase attributed to rent hikes on certain properties. Operating income improved to $79,539 compared to $66,322 in the previous year, leading to a net income of $80,479, up from $67,232. Total assets decreased to $10,139,419 from $10,509,502, primarily due to increased accumulated depreciation. Cash flow from operating activities rose slightly to $533,842, while distributions remained consistent at $519,699. The Partnership maintained a stable distribution rate of $30.13 per limited partnership unit. Management noted potential risks from economic conditions, including inflation and higher interest rates, which could affect tenant performance and rental income stability. Despite these uncertainties, the Partnership anticipates recognizing approximately $1,000,000 in rental income for the full year 2024. Overall, AEI's financial health appears stable, with ongoing cash flow supporting distributions and operational commitments.