AEI Income & Growth Fund XXI Limited Partnership reported its financial results for the six months ending June 30, 2025, revealing a net income of $932,575, a significant increase from $97,261 in the same period of the previous year. The partnership's rental income for the first half of 2025 was $473,876, down from $499,506 in 2024, primarily due to the sale of one property in March 2025. Despite the decline in rental income, the partnership's operating income rose to $100,578 from $95,506 year-over-year, reflecting a decrease in total expenses from $404,000 to $373,298.
The partnership's total assets decreased to $9,854,577 as of June 30, 2025, compared to $10,056,699 at the end of 2024. This decline was driven by a reduction in real estate investments, particularly in land and buildings, which saw values drop from $3,447,796 and $9,825,615 to $3,166,803 and $8,640,560, respectively. However, cash reserves increased significantly to $790,382 from $240,059, bolstered by cash generated from the sale of real estate and operations.
In terms of operational developments, the partnership repurchased 1,095.87 units for $787,350 from 45 limited partners on April 1, 2025, which increased the ownership interest of remaining limited partners. The partnership declared distributions totaling $541,013 for the first half of 2025, compared to $346,466 in the same period of 2024. The declared distributions per limited partnership unit were $32.40 for 2025, up from $20.09 in 2024, indicating a strategic move to enhance returns for investors.
Looking ahead, the partnership anticipates recognizing approximately $922,000 in rental income for the full year 2025, based on scheduled rents for properties owned as of July 31, 2025. Management noted that while inflation has not significantly impacted income from operations, it could affect tenants' operating margins, potentially impairing their ability to pay rent. The partnership remains focused on maintaining stable distributions and meeting its obligations, supported by ongoing rental payments and cash generated from property sales.
About AEI INCOME & GROWTH FUND XXI LTD PARTNERSHIP
Aei Income & Growth Fund XXI Limited Partnership acquires, leases, and manages single-tenant commercial properties across the U.S., primarily through long-term net leases. Its portfolio includes retail and healthcare assets, generating rental income and capital appreciation. The fund focuses on stable cash flow, property appreciation, and diversification, reinvesting proceeds and maintaining a conservative, debt-free business model to serve institutional and accredited investors.
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