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XAEIU on OTC

AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP

AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP is an American real estate company, incorporated in Minnesota, listed on OTC (XAEIU).1 It is headquartered in St Paul, Minnesota.1

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Last updated Oct 21, 2026.

Overview

$417.4KRevenue, fiscal 20252
$241.7KNet income, fiscal 20252

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  • TickerXAEIU on OTC1
  • IndustryReal Estate1
  • HeadquartersSt Paul, Minnesota1
  • Incorporated inMN3
  • Business address30 East 7Th St Suite 1300, St Paul, Mn 551013
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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AEI Income & Growth Fund XXII Limited Partnership (the "Partnership" or the "Registrant") is a limited partnership which was organized pursuant to the laws of the State of Minnesota on July 31, 1996. The registrant is comprised of AEI Fund Management XXI, Inc. (“AFM”) as Managing General Partner, the Estate of Robert P. Johnson, as the Individual General Partner, and purchasers of partnership units as Limited Partners. The Partnership offered for sale up to $24,000,000 of limited partnership interests (the "Units") (24,000 Units at $1,000 per Unit) pursuant to a registration statement effective January 10, 1997. The Partnership commenced operations on May 1, 1997 when minimum subscriptions of 1,500 Limited Partnership Units ($1,500,000) were accepted. The Partnership's offering terminated January 9, 1999 when the extended offering period ended. The Partnership received subscriptions for …4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.4%Operating margin2
57.9%Net margin2
-5.2%Revenue growth, 20252

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs42¢$175.6K
  • Profit58¢$241.7K

Out of $417.4K in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$306.5K

Out of $306.5K of cash from operations.2

Financial statements

Revenue56789102$417.4K in 2025−21% since 2018
0$200.0K$400.0K$600.0K2018: $531.5K$531.5K20182019: $518.5K$518.5K2019−2%2020: $425.5K$425.5K2020−18%2021: $506.0K$506.0K2021+19%2022: $434.4K$434.4K2022−14%2023: $547.0K$547.0K2023+26%2024: $440.1K$440.1K2024−20%2025: $417.4K$417.4K2025−5%
Operating income56789102$22.4K in 2025−92% since 2018
-$100.0K0$100.0K$200.0K$300.0K2018: $269.6K$269.6K20182019: $176.5K$176.5K2019−35%2020: $128.9K$128.9K2020−27%2021: $65.7K$65.7K2021−49%2022: $66.1K$66.1K2022+1%2023: $46.2K$46.2K2023−30%2024: -$22.2K-$22.2K20242025: $22.4K$22.4K2025
Net income56789102$241.7K in 2025−12% since 2018
0$500.0K$1.0M$1.5M$2.0M2018: $275.9K$275.9K20182019: $1.8M$1.8M2019+535%2020: $462.4K$462.4K2020−74%2021: $67.2K$67.2K2021−85%2022: $598.5K$598.5K2022+791%2023: $51.8K$51.8K2023−91%2024: $16.5K$16.5K2024−68%2025: $241.7K$241.7K2025+1363%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Rental Income$417.4K$440.1K
Partnership Administration Affiliates$74.8K$116.4K
Partnership Administration and Property Management Unrelated Parties$84.4K$69.9K
Depreciation and Amortization$235.7K$276.0K
Total Expenses$395.0K$462.4K
Operating Income (Loss)$22.4K-$22.2K
Gain on Sale of Real Estate$200.2K$32.8K
Interest Income$19.1K$5.9K
Total Other Income$219.3K$38.8K
General Partners$37.4K$165
Limited Partners$204.3K$16.4K
Net Income$241.7K$16.5K
Net Income per Limited Partnership Unit (in Dollars per share)$18$1
Weighted Average Units Outstanding Basic and Diluted (in Shares)11.4K shares11.7K shares

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What it owns

What AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$1.2M2 Dec 31, 2025$1.8M2 Dec 31, 2024−30.7%
Land and buildings$1.2M2 Dec 31, 2025$1.8M10 Dec 31, 2024−30.7%
Buildings and improvements$3.8M2 Dec 31, 2025$4.5M2 Dec 31, 2024−15.8%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$4.7M2 Dec 31, 2025$5.7M2 Dec 31, 2024−17.3%
Real estate investments, at cost$5.8M2 Dec 31, 2025$7.0M2 Dec 31, 2024−17.7%
Real estate accumulated depreciation$1.1M2 Dec 31, 2025$1.3M2 Dec 31, 2024−19.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$472.9K2 Dec 31, 2025$914.8K2 Dec 31, 2024−48.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$804.4K2 Dec 31, 2025$804.4K2 Dec 31, 20240%

Properties, in its own words

Investment Objectives

The Partnership's investment objectives are to acquire existing or newly-developed commercial properties throughout the United States that offer the potential for (i) regular cash distributions of lease income; (ii) growth in lease income through rent escalation provisions; (iii) preservation of capital through all-cash transactions; (iv) capital growth through appreciation in the value of properties; and (v) stable property performance through long-term lease contracts. The Partnership does not have a policy, and there is no limitation, as to the amount or percentage of assets that may be invested in any one property. However, to the extent possible, the General Partners attempt to diversify the properties by tenant and geographic location.

The rest of Item 2

Description of Properties

The Partnership's properties are commercial, single tenant buildings. The properties were acquired on a debt-free basis and are leased to tenants under net leases, classified as operating leases. The Partnership holds an undivided fee simple interest in the properties.

The Partnership's properties are subject to the general competitive conditions incident to the ownership of single tenant investment real estate. Since each property is leased under a longterm lease, there is little competition until the Partnership decides to sell the property. At this time, the Partnership will be competing with other real estate owners, on both a national and local level, in attempting to find buyers for the properties. In the event of a tenant default, the Partnership would be competing with other real estate owners, who have property vacancies, to attract a new tenant to lease the property. The Partnership's tenants operate in industries that are competitive and can be affected by factors such as changes in regional or local economies, seasonality and changes in consumer preference.

The following table is a summary of the properties that the Partnership acquired and owned as of December 31, 2025.

Property · Purchase Date · Original Property Cost · Tenant · Annual Lease Payment · Annual Rent Per Sq. Ft.

Talecris Plasma Facility Dallas, TX (50%) · 7/31/20 · 2,746,350 · Talecris Plasma Resources, Inc. · 217,359 · 43.13

DaVita Dialysis Hempstead, TX · 9/22/22 · 3,051,009 · Bollinger Dialysis, LLC · 200,430 · 29.22

The property listed above with a partial ownership percentage is owned with the following affiliated entity with common ownership: Talecris Plasma Facility in Dallas, Texas (AEI Income & Growth Fund 25 LLC).

The Partnership accounts for properties owned as tenants-in-common with affiliated entities and/or unrelated third parties using the proportionate consolidation method. Each tenant-in-common owns a separate, undivided interest in the properties. Any tenant-in-common that holds more than a 50% interest does not control decisions over the other tenant-in-common interests. The financial statements reflect only this Partnership's percentage share of the properties' land, building, intangible assets, liabilities, revenues and expenses.

At the time the properties were acquired, the remaining primary lease terms varied from 7.75 to 20 years. The leases provide the tenants with two to five five-year renewal options subject to the same terms and conditions as the primary term, except for the Talecris Plasma Facility in Dallas, Texas which has one 10-year renewal option.

Pursuant to the lease agreements, the tenants are required to provide proof of adequate insurance coverage on the properties they occupy. The General Partners believe the properties are adequately covered by insurance and consider the properties to be well-maintained and sufficient for the Partnership's operations.

For tax purposes, the Partnership's properties are depreciated under the Modified Accelerated Cost Recovery System (MACRS). The largest depreciable component of a property is the building which is depreciated using the straight-line method over 39 years. The remaining depreciable component of a property is land improvements which are depreciated using an accelerated method over 15 years. Since the Partnership has tax-exempt Partners, the Partnership is subject to the rules of Section 168(h)(6) of the Internal Revenue Code which requires a percentage of the properties' depreciable components to be depreciated over longer lives using the straight-line method. In general, the federal tax basis of the properties for tax depreciation purposes equals the book depreciable cost of the properties plus the amortizable cost of the related intangible lease assets, except for properties purchased during 2009 through 2017. For those properties, acquisition expenses that were expensed for book purposes were capitalized and added to the basis of the property for tax depreciation purposes.

At December 31, 2025, all properties listed above were 100% occupied.

Item 2 of the 10-K filed Mar 27, 2026.4

Timeline

  1. Aug 5, 20258-K Completed an acquisition or sale13
  2. Dec 19, 20248-K Financial statements and exhibits14
  3. Sep 28, 20228-K Completed an acquisition or sale15
  4. Jul 7, 20228-K Completed an acquisition or sale16
  5. Apr 4, 20228-K Completed an acquisition or sale17

Filings

26 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 5 major events. The latest 20:

  1. Aug 14, 202610-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  2. May 13, 202610-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  3. Mar 27, 202610-K ANNUAL REPORT PURSUANT TO SECTION 13 AND 15(D) EDGAR
  4. Nov 13, 202510-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  5. Aug 11, 202510-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  6. Aug 5, 20258-K CURRENT REPORT FILING EDGAR
  7. May 14, 202510-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  8. Mar 28, 202510-K ANNUAL REPORT PURSUANT TO SECTION 13 AND 15(D) EDGAR
  9. Dec 19, 20248-K CURRENT REPORT FILING EDGAR
  10. Nov 13, 202410-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  11. Aug 12, 202410-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  12. May 14, 202410-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  13. Mar 22, 202410-K ANNUAL REPORT PURSUANT TO SECTION 13 AND 15(D) EDGAR
  14. Nov 13, 202310-Q INLINE XBRL DOCUMENT EDGAR
  15. Sep 19, 202310-Q/A QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  16. Aug 11, 202310-Q INLINE XBRL DOCUMENT EDGAR
  17. May 15, 202310-Q INLINE XBRL DOCUMENT EDGAR
  18. Mar 31, 202310-K INLINE XBRL DOCUMENT EDGAR
  19. Nov 14, 202210-Q INLINE XBRL DOCUMENT EDGAR
  20. Sep 28, 20228-K INLINE XBRL DOCUMENT EDGAR

The 26 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP1
  • CIK0001023458
  • Employer ID (EIN)41-18481814
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inMinnesota4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6500 Real Estate1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address30 East 7Th St Suite 1300, St Paul, MN 551011
  • Phone65122773331
  • Shares outstanding11,029 as of Jul 31, 202612
  • Public float$0 as of Dec 31, 20252
  • AuditorBoulay PLLP, Minneapolis, Minnesota PCAOB ID 542; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 15, 19971
  • Filings187 in all: 10-Q (56), 10QSB (33), 8-K (27), 10-K (18), 10KSB (11), POS AM (7), UPLOAD (5), 10QSB/A (4)1
    All 18 form types

    3 (4), REGDEX (4), REGDEX/A (4), CORRESP (3), D (3), 10KSB/A (2), DEF 14A (2), PRE 14A (2), 10-Q/A (1), 8-A12G (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Jun 8, 2021
    Latest 8-K (8-K) Aug 5, 2025

Sources

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