8-K Announcements
6Material company update
Jun 25, 2025·SEC
Material company update
Jun 10, 2025·SEC
Material company update
Apr 17, 2025·SEC
New England Realty Associates Limited Partnership(NEN)Earnings, Financials & Key Ratios
NEN•AMEX
$57.00
33.1× P/E·Price updated Jul 6, 2026
AboutNew England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. As of February 1, 2022, the company owned 2,892 residential apartment units in 25 residential and mixed-use complexes, and 19 condominium units in a residential condominium complex located primarily in the metropolitan Boston area of Massachusetts. In addition, it owned a commercial shopping center in Framingham, Massachusetts; one commercial building in Newton and one in Brookline, Massachusetts; commercial space in mixed-use buildings in Boston, Brockton and Newton, and Massachusetts; and 40% to 50% ownership interest in seven residential and mixed use complexes with a total of 688 residential units, one commercial unit, and a 50 car parking lot. NewReal, Inc. serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.Show more
- Revenue$89M+10.8%
- EBITDA$23.28B+54875.9%
- Net Income$6M-61.5%
- EPS (Diluted)1.72-61.4%
- Gross Margin16.37%-75.7%
- EBITDA Margin26105.06%+49535.9%
- Operating Margin24.38%-22.6%
- Net Margin6.76%-65.2%
NEN Price & Volume
New England Realty Associates Limited Partnership (NEN) stock price & volume — 10-year historical chart
Loading chart...
Negative Equity and Margin Volatility Persist
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Accelerating
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Refinancing and Regulatory Exposure
Key Thesis Takeaways
- New England Realty Associates faces significant structural headwinds characterized by a deteriorating equity base of -$78.8 million and extreme margin volatility that saw gross margins collapse to -13.1% in 2026Q1.
- While the partnership maintains a dividend yield of 8.1%, the reliance on debt to fund distributions amidst consistent net losses suggests a precarious long-term sustainability profile.
- Investors should exercise caution as the disconnect between accounting losses and cash flow, evidenced by an operating cash flow to net income ratio of -590.37, indicates potential underlying operational instability.
Verdict Logic
the combination of a -$78.8 million equity deficit and a net loss of $3.9 million in 2026Q1 suggests that the current dividend yield of 8.1% is not supported by sustainable operational earnings.
NEN Growth Metrics
New England Realty Associates Limited Partnership (NEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.97%
5 Years7.51%
3 Years9.31%
TTM13.94%
Profit CAGR
10 Years4.8%
5 Years33.46%
3 Years17.44%
TTM-110.45%
EPS CAGR
10 Years5.68%
5 Years34.55%
3 Years18.64%
TTM-110.55%
Return on Capital
10 Years5.75%
5 Years5.19%
3 Years5.53%
Last Year4.89%
NEN Recent Earnings
New England Realty Associates Limited Partnership (NEN) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 8, 2026Metric
Actual
Est
EPS
$33.61
—
Rev
$24M
—
Q2 2026
Mar 20, 2026Metric
Actual
Est
EPS
$0.40
—
Rev
$24M
—
Q2 2026
Mar 13, 2026Metric
Actual
Est
EPS
$11.92
—
Rev
$24M
—
Q4 2025
Nov 7, 2025Metric
Actual
Est
EPS
$4.48
—
Rev
$24M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $33.61 | $24M |
| Q2 2026 | Mar 20, 2026 | $0.40 | $24M |
| Q2 2026 | Mar 13, 2026 | $11.92 | $24M |
| Q4 2025 | Nov 7, 2025 | $4.48 | $24M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for New England Realty Associates Limited Partnership (NEN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $57.00 | $199.31M | 33.14 | 10.76% | 6.76% | — | 8.43% | |
| $2.94 | $422.94M | 0.76 | -33.64% | 186.21% | 54.65% | — | |
| $76.00 | $3.68B | 25.17 | 12.93% | 36.76% | 9.78% | — | |
| $1.55 | $137.73M | -0.89 | -100% | — | -18.93% | — | |
| $28.47 | $722.52M | -22.60 | -3.24% | -12.67% | -10.13% | — | |
| $17.15 | $4.04B | 71.46 | 2.76% | 7.27% | 1.35% | — |
Compare NEN vs Peers
New England Realty Associates Limited Partnership (NEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NEN SEC Filings & Documents
New England Realty Associates Limited Partnership (NEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when NEN posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
NEN Frequently Asked Questions
New England Realty Associates Limited Partnership (NEN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is New England Realty Associates Limited Partnership's revenue?
New England Realty Associates Limited Partnership (NEN) reported $92.7M in revenue for fiscal year 2025. This represents a 457% increase from $16.6M in 1996.
How fast is New England Realty Associates Limited Partnership growing?
New England Realty Associates Limited Partnership (NEN) grew revenue by 10.8% over the past year. This is steady growth.
Is NEN profitable?
New England Realty Associates Limited Partnership (NEN) reported a net loss of $1.7M for fiscal year 2025.
Dividend & Returns
Does NEN pay dividends?
Yes, New England Realty Associates Limited Partnership (NEN) pays a dividend with a yield of 8.43%. This makes it attractive for income-focused investors.
What is New England Realty Associates Limited Partnership's free cash flow?
New England Realty Associates Limited Partnership (NEN) generated $2.33B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.