Vehicle file · Non-traded REIT

Hartman vREIT XXI, Inc.

What its SEC filings show.

SEC CIK 1654948·Inc. MD·Fiscal year end 12/31·Data as filed · pulled Oct 12, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Hartman vREIT XXI, Inc. is a non-traded REIT registered with the SEC under CIK 1654948 (incorporated in MD). Its most recent filing is an 8-K (current report) dated Jul 1, 2026. As of Dec 31, 2022 it reported total assets of $111.1M (up 11.6% from $99.5M a year earlier) and stockholders' equity of $52.2M. Net income (loss) for the year to Dec 31, 2022 was −$1.9M. It raised $1.1M from new shares in the year to Dec 31, 2022; paid $4.4M in distributions in the year to Dec 31, 2022; spent $336K repurchasing shares in the year to Dec 31, 2022.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 71 other vehicles of this type we track.

Cash from operations was $4.9M against $4.4M of distributions paid in the year to Dec 31, 2022: operations covered 111% of the payout. It ranks 16th of the 23 vehicles of this type that report the same figures (1st = best covered).
In the year to Dec 31, 2022 it raised $1.1M and paid $336K to buy back shares: a net inflow of $777K.
Liabilities were 53% of total assets at Dec 31, 2022. It ranks 15th of the 51 vehicles of this type that report the same figures (1st = least leveraged).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$111.1M	as of Dec 31, 2022	$99.5M	+11.6%	10-K · Aug 22, 2025
Real estate, net	$67.3M	as of Dec 31, 2022	$67.6M	−0.5%	10-K · Aug 22, 2025
Cash and equivalents	$544K	as of Dec 31, 2022	$0	—	10-K · Aug 22, 2025
Total liabilities	$58.9M	as of Dec 31, 2022	$43.6M	+35.1%	10-K · Aug 22, 2025
Long-term debt	$53.0M	as of Dec 31, 2022	$37.7M	+40.7%	10-K · Aug 22, 2025
Debt (carrying amount)	$53.0M	as of Dec 31, 2022	$37.7M	+40.5%	10-K · Aug 22, 2025
Notes payable	$53.0M	as of Dec 31, 2022	$37.7M	+40.7%	10-K · Aug 22, 2025
Stockholders' equity	$52.2M	as of Dec 31, 2022	$56.0M	−6.7%	10-K · Aug 22, 2025
Shares outstanding (cover page)	9.2M shares	as of May 7, 2025	—	—	10-K · Aug 22, 2025

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Revenues	$13.5M	year to Dec 31, 2022	$12.9M	+4.3%	10-K · Aug 22, 2025
Net income (loss)	−$1.9M	year to Dec 31, 2022	−$2.2M	+12.5%	10-K · Aug 22, 2025
Cash from operations	$4.9M	year to Dec 31, 2022	$5.1M	−4.2%	10-K · Aug 22, 2025
Interest expense	$2.6M	year to Dec 31, 2022	$1.2M	+111.7%	10-K · Aug 22, 2025
Depreciation and amortization	$4.3M	year to Dec 31, 2022	$5.5M	−21.9%	10-K · Aug 22, 2025

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$1.1M	year to Dec 31, 2022	$461K	+141.4%	10-K · Aug 22, 2025
Distributions paid	$4.4M	year to Dec 31, 2022	$5.2M	−14.2%	10-K · Aug 22, 2025
Distributions paid to common	$3.6M	year to Dec 31, 2022	$2.8M	+25.5%	10-K · Aug 22, 2025
Share repurchases (cash paid)	$336K	year to Dec 31, 2022	$745K	−54.9%	10-K · Aug 22, 2025
Share repurchases (value)	$336K	year to Dec 31, 2022	$745K	−54.9%	10-K · Aug 22, 2025

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

If you have real money in this, do not decide it alone.

We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded REIT you cannot sell at will, reading its filings to decide whether to hold, redeem or tender, that is the part that actually matters.

Get matched with a screened adviser

Answer a few questions

A short questionnaire about your assets and goals, then introductions to advisers that WiserAdvisor says it screens for experience and SEC/FINRA registration record. Ask each one, in writing, whether they act as a fiduciary on everything they recommend. Free to you. No money moves and nothing is bought.

What we don't like: you are handing over your contact details and advisers will get in touch, so expect calls. We have not vetted any individual adviser and we are not endorsing one. Treat the introduction as a starting point, not a recommendation.

We are paid a referral fee if you complete the questionnaire, at no cost to you. A few lenders we review, such as Kiavi, also pay us for referrals; those links are marked. The advisers in this box have no connection to any fund reviewed on this site.

Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Jul 1, 20268-K · Current reportItems 8.01EDGAR ↗
Oct 2, 20258-K · Current reportItems 4.01,9.01EDGAR ↗
Sep 12, 20258-K · Current reportItems 1.01,2.03,9.01EDGAR ↗
Aug 28, 202510-K/A · Annual report (amendment)EDGAR ↗
Aug 22, 202510-K · Annual reportEDGAR ↗
Jul 8, 20258-K · Current reportItems 5.02EDGAR ↗
Jun 12, 20258-K · Current reportItems 7.01,9.01EDGAR ↗
Nov 29, 20233 · Insider holdingsEDGAR ↗
Apr 10, 20238-K · Current reportItems 5.02EDGAR ↗
Mar 31, 2023NT 10-K · FilingEDGAR ↗
Mar 6, 20238-K · Current reportItems 5.02EDGAR ↗
Feb 15, 20233 · Insider holdingsEDGAR ↗
Feb 9, 20238-K · Current reportItems 5.02EDGAR ↗
Feb 7, 20238-K · Current reportItems 7.01,9.01EDGAR ↗
Dec 22, 20228-K · Current reportItems 5.02EDGAR ↗
Dec 22, 20228-K · Current reportItems 7.01,9.01EDGAR ↗
Dec 5, 20228-K · Current reportItems 8.01EDGAR ↗
Nov 28, 2022424B3 · Prospectus supplementEDGAR ↗
Nov 22, 20228-K · Current reportItems 5.02EDGAR ↗
Nov 14, 202210-Q · Quarterly reportEDGAR ↗
Oct 18, 20228-K · Current reportItems 5.02,9.01EDGAR ↗
Sep 2, 20228-K · Current reportItems 5.02EDGAR ↗
Aug 31, 20228-K · Current reportItems 7.01,9.01EDGAR ↗
Aug 25, 2022424B3 · Prospectus supplementEDGAR ↗
Aug 23, 202210-Q · Quarterly reportEDGAR ↗

Our reads on Hartman vREIT XXI, Inc..

01Silver Star Properties REIT (Formerly Hartman XX) Review 2026: Chapter 11, a $2.01 NAV Built on a Lawsuit, and What Hartman vREIT XXI Holders OwnSep 28, 2026

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1654948, retrieved Oct 12, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

More files.

All vehicle files →

The weekly read

Hartman vREIT XXI, Inc.

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on Hartman vREIT XXI, Inc..

More files.

1st stREIT Office Inc.

Apollo Realty Income Solutions, Inc.

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

Ares Real Estate Income Trust Inc.

Ark7 Properties Plus LLC

Arrived STR, LLC

One platform, dissected, every Tuesday.