Tue, May 14, 8:55 PM (306 days ago)
AEI Income & Growth Fund XXII Limited Partnership reported a decrease in net income for Q1 2024, with a loss of $12,575 compared to a profit of $17,804 in Q1 2023. Rental income fell from $141,902 to $109,519, primarily due to a property vacancy. Operating expenses slightly decreased, but the overall operating loss was $13,943. Cash flow from operating activities also declined significantly to $23,142 from $90,915. Distributions to partners were reduced from $103,813 to $69,220. The Partnership's cash balance decreased by $80,671, ending at $192,933. The financial health indicates challenges due to lower rental income and higher economic uncertainties.