NYSEAMERICAN : NEN
New England Realty Associates Limited Partnership — Financial statements
Real Estate · Real Estate Services · United States
Last price 45.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 159.40M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 95.01M | 88.40M | 79.76M | 73.89M | 67.56M | 62.18M |
| Other Revenue | 2.22M | 2.27M | 2.05M | 1.47M | 1.23M | -104.45K |
| Total Revenue | 97.23M | 90.67M | 81.81M | 75.36M | 68.79M | 62.07M |
| Property Expenses | 33.68M | 29.41M | 25.24M | 25.07M | 21.95M | 20.31M |
| Selling, General & Administrative | 4.12M | 3.12M | 2.94M | 2.90M | 2.73M | 2.48M |
| Depreciation & Amortization | 30.95M | 23.26M | 16.98M | 16.77M | 16.37M | 16.67M |
| Other Operating Expenses | 13.10M | 11.66M | 10.00M | 9.95M | 9.15M | 8.94M |
| Total Operating Expenses | 81.84M | 67.45M | 55.16M | 54.70M | 50.21M | 48.40M |
| Operating Income | 15.38M | 23.22M | 26.65M | 20.66M | 18.59M | 13.68M |
| Interest Expense | -22.10M | -18.59M | -15.46M | -15.72M | -15.05M | -13.63M |
| Interest & Investment Income | 287.95K | 1.80M | 4.47M | 4.49M | 1.06M | 87.00 |
| Other Non-Operating Income | -40.52K | -45.98K | ||||
| EBT Excluding Unusual Items | -6.43M | 6.43M | 15.66M | 9.43M | 4.56M | -163.00 |
| Gain (Loss) on Sale of Assets | -150.96K | |||||
| Asset Writedown | -400.00K | -400.00K | -971.11K | |||
| Other Unusual Items | -834.00K | -2.70M | ||||
| Pretax Income | -6.98M | 6.03M | 15.66M | 8.45M | 3.72M | -2.70M |
| Net Income | -6.98M | 6.03M | 15.66M | 8.45M | 3.72M | -2.70M |
| Net Income to Common | -6.98M | 6.03M | 15.66M | 8.45M | 3.72M | -2.70M |
| Basic Shares Outstanding | 3.49M | 3.50M | 3.51M | 3.56M | 3.61M | 3.65M |
| Diluted Shares Outstanding | 3.49M | 3.50M | 3.51M | 3.56M | 3.61M | 3.65M |
| EPS (Basic) | -2.00 | 1.72 | 4.46 | 2.38 | 1.03 | -0.74 |
| EPS (Diluted) | -2.00 | 1.72 | 4.46 | 2.38 | 1.03 | -0.74 |
| Dividend Per Share | 1.60 | 1.60 | 1.60 | 1.52 | 1.28 | 1.28 |
| Operating Margin | 15.82% | 25.61% | 32.58% | 27.42% | 27.02% | 22.03% |
| Profit Margin | -7.18% | 6.65% | 19.14% | 11.22% | 5.41% | -4.35% |
| EBITDA | 46.34M | 46.49M | 43.64M | 37.44M | 34.96M | 30.35M |
| EBITDA Margin | 47.66% | 51.27% | 53.34% | 49.68% | 50.82% | 48.89% |
| D&A For Ebitda | 30.95M | 23.26M | 16.98M | 16.77M | 16.37M | 16.67M |
| EBIT | 15.38M | 23.22M | 26.65M | 20.66M | 18.59M | 13.68M |
| EBIT Margin | 15.82% | 25.61% | 32.58% | 27.42% | 27.02% | 22.03% |
| Revenue as Reported | 95.83M | 89.20M | 80.53M | 74.48M | 68.29M | 62.64M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 452.15M | 458.78M | 278.52M | 269.80M | 241.08M | 251.36M |
| Cash & Equivalents | 24.75M | 26.67M | 17.62M | 18.23M | 49.56M | 96.08M |
| Accounts Receivable | 1.84M | 1.43M | 1.22M | 953.76K | 655.81K | 935.30K |
| Investment In Debt and Equity Securities | 83.59M | 84.70M | 88.91M | |||
| Other Intangible Assets | 260.00K | 2.69M | 334.00K | 677.00K | 26.00K | |
| Restricted Cash | 6.12M | 5.75M | 5.72M | 5.38M | 5.38M | 4.89M |
| Other Current Assets | 3.28M | 5.67M | 2.60M | 2.23M | 1.94M | 1.96M |
| Trading Asset Securities | 293.81K | 210.74K | 408.96K | 236.38K | 294.93K | |
| Deferred Long-Term Charges | 105.00K | 142.00K | 217.00K | 52.00K | 109.00K | 169.00K |
| Other Long-Term Assets | 5.13M | 3.99M | 3.29M | 3.46M | 3.89M | 1.46M |
| Total Assets | 493.92M | 505.33M | 393.51M | 385.73M | 391.82M | 356.88M |
| Current Portion of Long-Term Debt | 6.61M | 6.62M | ||||
| Long-Term Debt | 519.64M | 520.98M | 406.21M | 408.66M | 410.97M | 370.48M |
| Accounts Payable | 7.73M | 8.87M | 9.00M | 5.72M | 7.27M | 4.32M |
| Other Current Liabilities | 30.74M | 30.80M | 30.53M | 26.71M | 24.42M | 22.99M |
| Long-Term Unearned Revenue | 12.43M | 12.29M | 10.20M | 10.00M | 9.03M | 8.37M |
| Total Liabilities | 577.15M | 579.55M | 455.94M | 451.09M | 451.69M | 406.17M |
| Common Stock | -82.68M | -73.47M | -61.81M | -64.94M | -59.56M | -48.80M |
| Comprehensive Income & Other | 293.81K | 236.38K | 294.93K | |||
| Total Common Equity | -82.39M | -73.47M | -61.81M | -64.70M | -59.27M | -48.80M |
| Minority Interest | -833.63K | -742.74K | -626.88K | -654.38K | -600.19K | -491.51K |
| Shareholders' Equity | -83.22M | -74.22M | -62.43M | -65.35M | -59.87M | -49.29M |
| Total Liabilities & Equity | 493.92M | 505.33M | 393.51M | 385.73M | 391.82M | 356.88M |
| Total Debt | 526.24M | 527.60M | 406.21M | 408.66M | 410.97M | 370.48M |
| Net Cash (Debt) | -501.20M | -500.72M | -388.18M | -390.19M | -361.11M | -274.40M |
| Net Cash Per Share | -143.64 | -143.19 | -110.56 | -109.75 | -100.16 | -75.15 |
| Filing Date Shares Outstanding | 3.43M | 3.45M | 3.47M | 3.48M | 3.58M | 3.64M |
| Total Common Shares Outstanding | 3.47M | 3.49M | 3.50M | 3.52M | 3.58M | 3.65M |
| Book Value Per Share | -23.75 | -21.06 | -17.66 | -18.36 | -16.56 | -13.39 |
| Tangible Book Value | -82.65M | -76.16M | -62.14M | -65.38M | -59.27M | -48.83M |
| Tangible Book Value Per Share | -23.82 | -21.83 | -17.75 | -18.56 | -16.56 | -13.39 |
| Land | 147.27M | 101.40M | 99.16M | 87.41M | 86.89M | |
| Buildings | 408.31M | 279.27M | 276.17M | 256.04M | 253.95M | |
| Construction In Progress | 4.42M | 16.76M | 1.82M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -6.98M | 6.03M | 15.66M | 8.45M | 3.72M | -2.70M |
| Depreciation & Amortization | 30.95M | 23.26M | 16.98M | 16.77M | 16.37M | 16.67M |
| Other Amortization | 629.86K | 563.27K | 379.78K | 379.78K | 451.94K | 312.33K |
| Gain (Loss) on Sale of Assets | 150.96K | |||||
| Asset Writedown | 400.00K | 400.00K | 971.11K | |||
| Income (Loss) on Equity Investments | -1.40M | -1.47M | -1.28M | -876.23K | -499.78K | 567.31K |
| Change in Accounts Receivable | -544.78K | -207.29K | -267.00K | -297.95K | 279.49K | -354.81K |
| Change in Accounts Payable | -144.19K | -492.90K | 511.33K | -1.55M | 2.95M | 436.64K |
| Change in Other Net Operating Assets | -5.85M | -2.52M | -461.90K | -63.35K | -1.83M | -884.17K |
| Other Operating Activities | 206.53K | -571.12K | -573.48K | |||
| Operating Cash Flow | 17.22M | 27.66M | 31.93M | 24.18M | 21.54M | 15.78M |
| Acquisition of Real Estate Assets | -23.52M | -140.92M | -22.48M | -47.32M | -5.98M | -3.32M |
| Sale of Real Estate Assets | 2.44M | |||||
| Net Sale / Acq. of Real Estate Assets | -21.09M | -140.92M | -22.48M | -47.32M | -5.98M | -3.32M |
| Investment in Marketable & Equity Securities | 3.85M | 86.61M | 5.91M | 8.38M | -87.09M | 985.00K |
| Investing Cash Flow | -17.23M | -54.32M | -16.58M | -38.94M | -93.07M | -2.33M |
| Long-Term Debt Issued | 77.00M | 41.89M | 88.58M | |||
| Total Debt Issued | 20.26M | 77.00M | 41.89M | 88.58M | ||
| Short-Term Debt Repaid | -17.00M | |||||
| Long-Term Debt Repaid | -22.08M | -2.83M | -2.69M | -2.28M | -2.29M | |
| Total Debt Repaid | -3.22M | -22.08M | -2.83M | -2.69M | -2.28M | -19.29M |
| Net Debt Issued (Repaid) | 17.03M | 54.93M | -2.83M | -2.69M | 39.61M | 69.29M |
| Repurchase of Common Stock | -1.77M | -821.19K | -1.67M | -3.93M | -5.33M | -450.26K |
| Common Dividends Paid | -5.52M | -16.63M | -11.13M | -9.18M | ||
| Common & Preferred Dividends Paid | -9.95M | -4.67M | ||||
| Total Dividends Paid | -5.52M | -16.63M | -11.13M | -9.95M | -9.18M | -4.67M |
| Other Financing Activities | -1.65M | -1.77M | -338.02K | -3.00K | -92.68K | -179.25K |
| Net Cash Flow | 8.07M | 9.05M | -614.52K | -31.33M | -46.52M | 77.44M |
| Levered Free Cash Flow | 26.73M | 23.55M | 30.50M | 20.39M | 23.21M | 18.22M |
| Unlevered Free Cash Flow | 39.92M | 34.60M | 39.78M | 29.84M | 32.17M | 26.43M |
| Cash Interest Paid | 22.35M | 18.78M | 15.27M | 15.36M | 14.43M | 13.30M |
| Cash Income Tax Paid | 78.00K | 158.00K | 147.00K | 66.00K | 65.00K | 117.00K |
| Change in Working Capital | -6.54M | -1.13M | -14.65K | -948.63K | 2.06M | 101.03K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 159.40M | 225.31M | 289.56M | 246.84M | 255.26M | 247.68M |
| Enterprise Value | 660.60M | 722.28M | 680.54M | 638.74M | 533.94M | 521.53M |
| Last Close Price | 45.96 | 63.17 | 76.21 | 61.47 | 60.21 | 55.62 |
| PE Ratio | 37.36 | 18.49 | 29.20 | 68.56 | ||
| PS Ratio | 1.64 | 2.48 | 3.54 | 3.28 | 3.71 | 3.99 |
| PB Ratio | -3.04 | -4.64 | -3.78 | -4.26 | -5.03 | |
| P/OCF Ratio | 9.26 | 8.15 | 9.07 | 10.21 | 11.85 | 15.69 |
| EV/Sales Ratio | 6.79 | 7.97 | 8.32 | 8.48 | 7.76 | 8.40 |
| EV/EBITDA Ratio | 14.26 | 15.54 | 15.60 | 17.06 | 15.27 | 17.19 |
| EV/EBIT Ratio | 42.94 | 31.10 | 25.53 | 30.91 | 28.73 | 38.14 |
| Debt / Equity Ratio | -6.32 | -7.11 | -6.51 | -6.25 | -6.86 | -7.52 |
| Debt / EBITDA Ratio | 11.36 | 11.35 | 9.31 | 10.92 | 11.75 | 12.21 |
| Net Debt / Equity Ratio | -6.02 | -6.75 | -6.22 | -5.97 | -6.03 | -5.57 |
| Net Debt / EBITDA Ratio | 10.82 | 10.77 | 8.90 | 10.42 | 10.33 | 9.04 |
| Asset Turnover | 0.20 | 0.20 | 0.21 | 0.19 | 0.18 | 0.19 |
| Quick Ratio | 0.60 | 0.61 | 0.49 | 0.60 | 1.59 | 3.55 |
| Current Ratio | 0.81 | 0.86 | 0.70 | 0.83 | 1.82 | 3.80 |
| Return on Assets (ROA) | 1.94% | 3.23% | 4.28% | 3.32% | 3.10% | 2.64% |
| Earnings Yield | -4.35% | 2.68% | 5.41% | 3.43% | 1.46% | -1.09% |
| Dividend Yield | 3.48% | 2.48% | 1.93% | 2.17% | 1.79% | 1.88% |
| Payout Ratio | 275.66% | 71.08% | 117.75% | 246.43% | ||
| Buyback Yield / Dilution | 0.36% | 0.40% | 1.25% | 1.38% | 1.26% | 0.07% |
| Total Shareholder Return | 3.84% | 2.88% | 3.18% | 3.55% | 3.06% | 1.96% |