AEI Income & Growth Fund XXII files Q3 2024 report

TL;DR

**AEI Income & Growth Fund XXII files Q3 2024 10-Q. No listed securities.**

AI Summary

AEI Income & Growth Fund XXII Limited Partnership filed its quarterly report for the period ending September 30, 2024. The company, incorporated in Minnesota, operates in the Real Estate sector. Its principal executive offices are located at 30 East 7th Street, Suite 1300, St. Paul, MN 55101, with a contact phone number of 651-227-7333. No securities are registered on any exchange.

Why It Matters

This filing provides investors with an update on the financial performance and operational status of AEI Income & Growth Fund XXII Limited Partnership for the third quarter of 2024.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant financial disclosures that would indicate high risk.

Key Players & Entities

• AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• 30 East 7th Street, Suite 1300, St. Paul, Minnesota 55101 (location) — Principal executive offices
• 651-227-7333 (phone_number) — Business phone number
• 000-24003 (company_id) — Commission File Number

FAQ

Key Financial Figures

• $329,070 — Partnership recognized rental income of $329,070 and $426,199, respectively. In 2024, re
• $426,199 — ecognized rental income of $329,070 and $426,199, respectively. In 2024, rental income d
• $440,000 — ecognize rental income of approximately $440,000 in 2024. For the nine months ended Se
• $91,682 — ion expenses from affiliated parties of $91,682 and $89,664, respectively. These admini
• $89,664 — from affiliated parties of $91,682 and $89,664, respectively. These administration exp
• $59,526 — ment expenses from unrelated parties of $59,526 and $29,289, respectively. In 2024, exp
• $29,289 — s from unrelated parties of $59,526 and $29,289, respectively. In 2024, expenses increa
• $679,000 — eive net sale proceeds of approximately $679,000, which will result in a net gain on the
• $50,000 — e sale of the property of approximately $50,000. The property is classified as real est
• $4,007 — rtnership recognized interest income of $4,007 and $3,913, respectively. 12 Managem
• $3,913 — ecognized interest income of $4,007 and $3,913, respectively. 12 Management believe
• $59,916 — e Partnership's cash balances decreased $59,916 as a result of distributions paid to Pa
• $12,497 — e Partnership's cash balances increased $12,497 as a result of cash generated from oper
• $330,238 — by operating activities decreased from $330,238 in 2023 to $182,337 in 2024 as a result
• $182,337 — ties decreased from $330,238 in 2023 to $182,337 in 2024 as a result of timing differenc

Filing Documents

• aei22-20240930.htm (10-Q) — 302KB
• ex2231-1.htm (EX-31.1) — 8KB
• ex2231-2.htm (EX-31.2) — 8KB
• ex2232.htm (EX-32) — 8KB
• 0001023458-24-000010.txt ( ) — 1216KB
• aei22-20240930.xsd (EX-101.SCH) — 12KB
• aei22-20240930_def.xml (EX-101.DEF) — 48KB
• aei22-20240930_lab.xml (EX-101.LAB) — 104KB
• aei22-20240930_pre.xml (EX-101.PRE) — 63KB
• aei22-20240930_cal.xml (EX-101.CAL) — 16KB
• aei22-20240930_htm.xml (XML) — 62KB

– Financial Information

Part I – Financial Information Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited): Balance Sheets as of September 30, 2024 and December 31, 2023 3 Operations 4 Cash Flows 5 Changes in Partners' Capital 6 Condensed Notes to Financial Statements 7 – 8 Item 2.

Management's Discussion and Analysis of Financial

Management's Discussion and Analysis of Financial Condition and Results of Operations 9 - 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 13 Item 4.

Controls and Procedures

Controls and Procedures 13

– Other Information

Part II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 14 Item 1A.

Risk Factors

Risk Factors 14 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3. Defaults Upon Senior Securities 14 Item 4. Mine Safety Disclosures 14 Item 5. Other Information 14 Item 6. Exhibits 15

Signatures

Signatures 15 2 AEI INCOME & GROWTH FUND XXII LIMITED PARTNERSHIP BALANCE SHEETS ASSETS September 30, December 31, 2024 2023 (unaudited) Current Assets: Cash $ 213,688 $ 273,604 Real Estate Investments: Land 1,753,065 1,914,315 Buildings 4,484,085 5,356,358 Acquired Intangible Lease Assets 804,382 1,415,859 Real Estate Held for Investment, at Cost 7,041,532 8,686,532 Accumulated Depreciation and Amortization ( 1,277,046 ) ( 2,056,836 ) Real Estate Held for Investment, Net 5,764,486 6,629,696 Real Estate Held for Sale 628,484 0 Total Real Estate Investments 6,392,970 6,629,696 Total Assets $ 6,606,658 $ 6,903,300 LIABILITIES AND PARTNERS' CAPITAL Current Liabilities: Payable to AEI Fund Management, Inc. $ 27,048 $ 67,322 Distributions Payable 69,220 103,813 Unearned Rent 32,770 15,184 Total Current Liabilities 129,038 186,319 Partners' Capital (Deficit): General Partners ( 12,052 ) ( 5,504 ) Limited Partners – 24,000 Units authorized; 11,749.37 Units issued and outstanding as of 9/30/2024 and 12/31/2023 6,489,672 6,722,485 Total Partners' Capital 6,477,620 6,716,981 Total Liabilities and Partners' Capital $ 6,606,658 $ 6,903,300 The accompanying Condensed Notes to Financial Statements are an integral part of these statements. 3 AEI INCOME & GROWTH FUND XXII LIMITED PARTNERSHIP (unaudited) Three Months Ended September 30 Nine Months Ended September 30 2024 2023 2024 2023 Rental Income $ 110,031 $ 142,398 $ 329,070 $ 426,199 Expenses: Partnership Administration – Affiliates 26,878 29,658 91,682 89,664 Partnership Administration and Property Management – Unrelated Parties 9,983 7,965 59,526 29,289 Depreciation and Amortization 71,189 75,773 213,570 227,318 Total Expenses 108,050 113,396 364,778 346,271 Operati

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. This section contains "forward-looking statements" which represent management's expectations or beliefs concerning future events, including statements regarding anticipated application of cash, expected returns from rental income, growth in revenue, the sufficiency of cash to meet operating expenses, rates of distribution, and other matters. These, and other forward-looking statements, should be evaluated in the context of a number of factors that may affect the Partnership's financial condition and results of operations, including the following: — Market and economic conditions which affect the value of the properties the Partnership owns and the cash from rental income such properties generate; — the federal income tax consequences of rental income, deductions, gain on sales and other items and the effects of these consequences for the Partners; — resolution by the General Partners of conflicts with which they may be confronted; — the success of the General Partners of locating properties with favorable risk return characteristics; — the effect of tenant defaults; and — the condition of the industries in which the tenants of properties owned by the Partnership operate. Application of Critical Accounting Policies The Partnership's financial statements have been prepared in accordance with US GAAP. Preparing the financial statements requires management to use judgment in the application of these accounting policies, including making estimates and assumptions. These judgments will affect the reported amounts of the Partnership's assets and liabilities and the disclosure of contingent assets and liabilities as of the dates of the financial statements and will affect the reported amounts of revenue and expenses during the reporting periods. It is possible that the carrying amount of the Partnership's assets and liabilities, or the results of re

QUANTITATIVE & QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE & QUALITATIVE DISCLOSURES ABOUT MARKET RISK. Not required for a smaller reporting company.

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES. (a) Disclosure Controls and Procedures. Under the supervision and with the participation of management, including its President and Chief Financial Officer, the Managing General Partner of the Partnership evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act")). Based upon that evaluation, the President and Chief Financial Officer of the Managing General Partner concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective in ensuring that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in applicable rules and forms and that such information is accumulated and communicated to management, including the President and Chief Financial Officer of the Managing General Partner, in a manner that allows timely decisions regarding required disclosure. (b) Changes in Internal Control Over Financial Reporting.

– OTHER INFORMATION

PART II – OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS. 14 There are no material pending legal proceedings to which the Partnership is a party or of which the Partnership's property is subject.

RISK FACTORS

ITEM 1A. RISK FACTORS. Not required for a smaller reporting company.

UNREGISTERED SALES OF EQUITY SECURITIES & USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES & USE OF PROCEEDS. (a) None. (b) Not applicable. (c) Pursuant to Section 7.7 of the Partnership Agreement, each Limited Partner has the right to present Units to the Partnership for purchase by submitting notice to the Managing General Partner during January or July of each year. The purchase price of the Units is equal to 90% of the net asset value per Unit, as of the first business day of January or July of each year, as determined by the Managing General Partner in accordance with the provisions of the Partnership Agreement. Units tendered to the Partnership during January and July may be repurchased on April 1 st and October 1 st , respectively, of each year subject to the following limitations. The Partnership will not be obligated to purchase in any year any number of Units that, when aggregated with all other transfers of Units that have occurred since the beginning of the same calendar year (excluding Permitted Transfers as defined in the Partnership Agreement), would exceed 5% of the total number of Units outstanding on January 1 of such year. In no event shall the Partnership be obligated to pur

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