AEI Income & Growth Fund XXI Limited Partnership reported its financial results for the third quarter of 2025, revealing a net income of $73,492 for the three months ending September 30, 2025, compared to $80,479 for the same period in 2024. For the nine months ended September 30, 2025, the Partnership's net income reached $1,006,067, a significant increase from $177,740 in the prior year. The Partnership's rental income for the nine-month period was $697,938, down from $749,550 in 2024, primarily due to the sale of a property in March 2025, which was partially offset by a rent increase on another property.
The Partnership's total assets decreased to $9,533,392 as of September 30, 2025, from $10,056,699 at the end of 2024. This decline was attributed to a reduction in real estate investments, particularly in land and buildings, which saw a combined decrease of approximately $1.4 million. Current liabilities also decreased to $241,124 from $262,343, reflecting a reduction in distributions payable and payables to AEI Fund Management, Inc. Partners' capital was reported at $9,289,566, down from $9,785,573 at the end of the previous fiscal year.
In terms of operational developments, the Partnership completed the sale of its 40% interest in a property associated with Jared Jewelry in Auburn Hills, Michigan, generating net proceeds of $1,345,607 and a gain of $825,611. This transaction was a key strategic move, allowing the Partnership to realize gains while adjusting its portfolio. The Partnership also repurchased 1,095.87 units for $787,350 from Limited Partners, which increased the ownership interest of remaining partners.
The Partnership's cash flow from operating activities decreased slightly to $509,304 for the nine months ended September 30, 2025, compared to $533,842 in 2024. This decline was primarily due to lower rental income, although it was partially offset by reduced administrative expenses. The Partnership declared distributions totaling $706,771 for the nine months, compared to $519,699 in the previous year, with the majority allocated to Limited Partners. The Limited Partners received distributions of $699,703, reflecting a per-unit distribution of $42.81, up from $30.13 in 2024.
Looking ahead, the Partnership anticipates recognizing approximately $922,000 in rental income for the remainder of 2025 based on scheduled rents. Management remains optimistic about the stability of cash flows from ongoing rent payments and property sales, which are expected to support future distributions and operational obligations. However, the Partnership acknowledges potential risks from market conditions, tenant defaults, and economic factors that could impact performance.
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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