DIVALL 10-Q Shows Static Capital Accounts, No Q1 Activity

TL;DR

This 10-Q confirms DIVALL is a financial ghost town, offering no income or distributions, so don't expect any action.

AI Summary

DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP reported no significant operational revenue or net income changes for the quarter ended March 31, 2025, as the filing primarily details capital account balances rather than income statement figures. The General Partner's cumulative net income remained at $0 as of March 31, 2025, consistent with December 31, 2024. Similarly, the Limited Partner's cumulative net income also stood at $0 for the same periods. Cumulative cash distributions for the General Partner were $0 as of March 31, 2025, and December 31, 2024. Limited Partner cumulative cash distributions were also $0 for both periods. The partnership's capital structure shows no new capital contributions or reallocations during the first quarter of 2025. The filing indicates a stable, albeit inactive, financial position with no new business changes or strategic outlook provided, focusing solely on the static capital accounts.

Why It Matters

For investors, this 10-Q indicates a lack of operational activity and no income generation for DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP, which could signal a dormant or winding-down entity. Employees and customers are unlikely to be directly impacted by this filing, as it suggests minimal ongoing business. In the broader real estate market, this partnership's inactivity means it's not contributing to new developments or competitive pressures. Investors seeking active real estate investments should look elsewhere, as this filing provides no evidence of growth or returns.

Risk Assessment

Risk Level: high — The risk level is high because the filing shows $0 in cumulative net income and $0 in cumulative cash distributions for both General and Limited Partners for the periods ending March 31, 2025, and December 31, 2024. This indicates a complete lack of operational profitability and investor returns, suggesting the partnership is either dormant or failing to generate any value.

Analyst Insight

Investors should avoid DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP given the complete absence of income and distributions. This filing suggests a non-performing asset; reallocate capital to actively managed and income-generating real estate investments.

Key Numbers

• $0 — General Partner Cumulative Net Income (No change from December 31, 2024, to March 31, 2025, indicating no profitability.)
• $0 — General Partner Cumulative Cash Distributions (No change from December 31, 2024, to March 31, 2025, indicating no returns to the General Partner.)
• $0 — Limited Partner Cumulative Net Income (No change from December 31, 2024, to March 31, 2025, indicating no profitability for Limited Partners.)
• $0 — Limited Partner Cumulative Cash Distributions (No change from December 31, 2024, to March 31, 2025, indicating no returns to Limited Partners.)

Key Players & Entities

• DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP (company) — filer of the 10-Q
• General Partner (person) — entity with $0 cumulative net income and cash distributions
• Limited Partner (person) — entity with $0 cumulative net income and cash distributions
• $0 (dollar_amount) — cumulative net income for General Partner as of March 31, 2025
• $0 (dollar_amount) — cumulative cash distributions for General Partner as of March 31, 2025
• $0 (dollar_amount) — cumulative net income for Limited Partner as of March 31, 2025
• $0 (dollar_amount) — cumulative cash distributions for Limited Partner as of March 31, 2025
• March 31, 2025 (date) — end of the reporting period
• December 31, 2024 (date) — previous reporting period for comparison

FAQ

Industry Context

DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP operates within the real estate sector, specifically focusing on income-generating properties. The current market environment for real estate investment trusts (REITs) and similar entities is influenced by interest rate trends, property valuations, and tenant demand. However, this specific partnership's filing indicates a lack of current operational activity or financial performance reporting, making it difficult to assess its position within the broader industry context.

Regulatory Implications

As a limited partnership, DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP is subject to partnership tax laws and SEC reporting requirements for publicly traded entities. The lack of significant financial activity reported in this 10-Q may simplify regulatory oversight for the period, but it also raises questions about the partnership's ongoing viability and compliance with its stated investment objectives.

What Investors Should Do

1. Seek clarification on operational status
2. Review partnership agreement for dormant clauses
3. Monitor future filings for any changes

Glossary

Cumulative Net Income

The total net income or loss accumulated by a partner over the life of the partnership up to a specific reporting date. (Indicates the overall profitability of the General and Limited Partners' stakes in the partnership. A value of $0 for both partners suggests no operational profit has been generated or distributed.)

Cumulative Cash Distributions

The total amount of cash that has been distributed to partners from the partnership's inception up to a specific reporting date. (Shows the total return of capital to partners. A value of $0 for both General and Limited Partners indicates no cash has been returned to them, aligning with the lack of reported net income.)

Capital Contributions

The total amount of money or assets invested into the partnership by its partners. (Represents the initial and subsequent investments made by partners. The filing indicates no new capital contributions or reallocations in Q1 2025, suggesting a static capital structure.)

General Partner

The entity or individual responsible for managing the partnership's operations and making business decisions. They typically have unlimited liability. (Their cumulative net income and distributions are reported separately, showing their financial stake and returns from the partnership's activities.)

Limited Partner

An investor in a partnership whose liability is limited to the amount of their investment. They typically have limited involvement in management. (Their cumulative net income and distributions are reported separately, reflecting their investment performance and returns from the partnership.)

Year-Over-Year Comparison

This 10-Q filing for the period ending March 31, 2025, shows no change in key financial metrics compared to the prior period ending December 31, 2024. Both General Partner and Limited Partner cumulative net income and cash distributions remain at $0. Similarly, there were no new capital contributions or reallocations reported in the first quarter of 2025, indicating a consistent, inactive financial state with no discernible growth or decline in reported capital account balances.

Filing Documents

• form10-q.htm (10-Q) — 377KB
• ex31-1.htm (EX-31.1) — 19KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001641172-25-023233.txt ( ) — 1885KB
• divvz-20250331.xsd (EX-101.SCH) — 23KB
• divvz-20250331_cal.xml (EX-101.CAL) — 43KB
• divvz-20250331_def.xml (EX-101.DEF) — 39KB
• divvz-20250331_lab.xml (EX-101.LAB) — 173KB
• divvz-20250331_pre.xml (EX-101.PRE) — 118KB
• form10-q_htm.xml (XML) — 171KB

Signatures

Signatures 17 2 PART I - FINANCIAL INFORMATION Item 1. Financial Statements DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP CONDENSED BALANCE SHEETS March 31, 2025 and December 31, 2024 March 31, December 31, 2025 2024 (unaudited) INVESTMENT PROPERTIES: (Note 2) Land $ - $ - Buildings - - Accumulated depreciation - - Net investment properties - - Properties held for sale - - OTHER ASSETS: Cash and cash equivalents 782,336 842,114 Investments held in Indemnification Trust (Note 6) 523,959 514,687 Security deposits escrow - 18,130 Rents and other receivables - - Prepaid state income tax - 10,222 Deferred closing costs - - Prepaid insurance - - Deferred charges, net - - Total other assets 1,306,295 1,385,153 Total assets $ 1,306,295 $ 1,385,153 The accompanying notes to the financial statements are an integral part of these statements. 3 DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP CONDENSED BALANCE SHEETS March 31, 2025 and December 31, 2024 LIABILITIES AND PARTNERS' CAPITAL March 31, December 31, 2025 2024 (unaudited) LIABILITIES: Accounts payable and accrued expenses $ 21,461 $ 17,866 Due to General Partner (Note 4) 166 166 Distributions payable (Note 7) 231,000 231,000 Total liabilities 252,628 249,032 CONTINGENCIES AND COMMITMENTS (Notes 5 and 6) - - PARTNERS' CAPITAL: (Notes 1 and 3) General Partner (1993-Present) Cumulative net income (retained earnings) 619,384 620,209 Cumulative cash distributions ( 269,558 ) ( 269,558 ) Total general partners' capital 349,826 350,651 Limited Partners ( 46,280.3 interests outstanding at March 31, 2025 and December 31, 2024) Distributions payable - - Capital contributions 46,280,300 46,280,300 Offering costs ( 6,921,832 ) ( 6,921,832 ) Cumulative net income (retained earnings) 67,684,907 67,766,535 Cumulative cash distributions ( 105,499,304 ) ( 10

View Full Filing

View this 10-Q filing on SEC EDGAR