AEI Income & Growth Fund XXI Limited Partnership reported its financial results for the three months ending March 31, 2026, revealing a net income of $47,209, a significant decrease from $879,343 in the same period of the previous year. The decline in profitability was primarily attributed to a drop in rental income, which fell to $223,896 from $249,991 year-over-year. The partnership's total expenses also decreased to $179,300 from $197,527, reflecting a reduction in property management costs, although this was not sufficient to offset the decline in revenue.
The partnership's total assets as of March 31, 2026, amounted to $9,291,803, down from $9,443,562 at the end of 2025. This decrease was largely due to a reduction in cash reserves, which fell to $571,495 from $611,817. The partnership's real estate investments, net of accumulated depreciation, also saw a slight decline, totaling $8,720,308 compared to $8,831,745 at the end of the previous fiscal year. The liabilities decreased as well, with total current liabilities dropping to $239,885 from $272,480.
In terms of operational developments, the partnership is in the process of liquidating its assets, as indicated by the decision to sell its properties. Notably, the partnership completed the sale of its 40% interest in a Jared Jewelry store in Auburn Hills, Michigan, in March 2025, which generated a net gain of $825,611. The partnership has also extended the lease term for a Dollar Tree store in Cincinnati, Ohio, which is expected to increase annual rent to $127,156 starting February 1, 2026.
Looking ahead, the partnership anticipates recognizing approximately $896,000 in rental income for the year 2026 based on scheduled rents for properties owned as of April 30, 2026. Management has indicated that the continuing rent payments from properties, along with cash generated from property sales, should be adequate to fund ongoing distributions and meet other obligations. However, the partnership remains cautious about market conditions, including the impact of inflation and higher interest rates on tenant operations, which could affect their ability to pay rent and, consequently, the partnership's cash flow.
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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