New England Realty Associates Limited Partnership

NEN

$53.00

-2.66%

2026-09-04 10:14:32 EDT-$1.45

Real Estate

Real Estate - Development

AMEX

Active Trading

New England Realty Associates Limited Partnership operates as a real estate enterprise focused on the acquisition, construction, long-term investment, management, and sale ...

Price Action of NEN

$53.00

-2.66%-$1.45

High—

Low—

52W High-26.5%

Rel. vol—

Interval

Range54m

Volume—SMA5SMA10

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New England Realty Associates Limited Partnership (NERA) is a Massachusetts-based real estate partnership founded in 1977. It focuses on acquiring, developing, holding for investment, operating, and selling residential and commercial properties, primarily in Massachusetts and New Hampshire. As of February 1, 2022, the company directly owned 2,892 residential apartment units ...New England Realty Associates Limited Partnership (NERA) is a Massachusetts-based real estate partnership founded in 1977. It focuses on acquiring, developing, holding for investment, operating, and selling residential and commercial properties, primarily in Massachusetts and New Hampshire. As of February 1, 2022, the company directly owned 2,892 residential apartment units in 25 residential and mixed-use projects, 19 condominium units, and commercial spaces including a shopping center in Framingham, and buildings in Newton and Brookline. It also held minority stakes of 40-50% in seven other developments comprising 688 residential units and commercial space. The general partner is NewReal, Inc., wholly owned by Jameson Brown, Harley Brown, and Ronald Brown. The partnership's long-term goals are to manage, rent, and improve properties, and to acquire additional properties for income and capital appreciation. By 2026, employee count was approximately 45. The company is publicly traded on the NYSE Arca (AMEX) under the symbol NEN. Financially, it has generated revenue and has a market cap around $197.8 million, with a dividend yield of about 2.8%. The company has faced some challenges, as reflected in negative earnings per share and a negative price-to-earnings ratio in recent TTM metrics, but it continues to operate as a significant regional real estate player.ExpandCollapse

Founded

1977

Employees

CEO

Ronald Brown

Full Name

New England Realty Associates Limited Partnership

Sector

Real Estate

Industry

Real Estate - Development

ROE

9.16%

Market Cap

$0.18B

Current Ratio

4.52

WACC

4.77%

ROIC

64.27%

Contact Information

https://www.thehamiltoncompany.com

617 783 0039

39 Brighton Avenue, Allston, MA 02134

Key Metrics of NEN

Snapshot

Latest / TTM · 6 periods

Market Cap

$183.79M

ROCE

2.9%

EV / EBITDA

-2.95x

-1.5% YoY

FCF Yield

3983.9%

+3971.7% YoY

Cash Conversion Cycle

-21.9d

Current Ratio

4.52

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of NEN

Profitability trend

Latest / TTM · 6 periods

Gross Margin

28.8%

Net Margin

-7.3%

P/E Ratio

-27.23x

n/a

Debt / Equity

-6.39

n/a

Current Ratio

4.52

Dividend Yield

2.9%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of NEN

Upcoming

Sep 15, 2026In 11 days
Ex-dividend date
$1.60 per share
Sep 30, 2026In 26 days
Dividend payment
$1.60 per share

Recent history

Aug 7, 2026
Q2 FY2026 · Results reported
EPS $-0.33 · Revenue $24.40M
View filing
May 8, 2026
Q1 FY2026 · Results reported
EPS $-1.12 · Revenue $24.16M
View filing
Mar 13, 2026
FY2025 · Annual results
EPS $1.72 · Revenue $89.20M
View filing
Nov 7, 2025
Q3 FY2025 · Results reported
EPS $-0.15 · Revenue $23.69M
View filing
Aug 8, 2025
Q2 FY2025 · Results reported
EPS $1.19 · Revenue $21.24M
View filing
May 9, 2025
Q1 FY2025 · Results reported
EPS $1.08 · Revenue $20.69M
View filing

Financial Statements of NEN

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$89.2M	+10.8%	+1.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$6.0M	-61.5%	+70.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+16.4%	-75.7%	+103.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+24.4%	-22.6%	+167.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+6.8%	-65.2%	+70.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$27.7M	-24.2%	+128.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+31.0%	-31.6%	+125.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	-718.1%	-9.3%	+4.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	4.71x	-83.9%	-99.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$505.3M	+28.4%	-99.9%

Actual vs Estimate

A —Q —

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	—	—	—	—
Revenue Surprise	—	—	—	—

Insider Transactions of NEN

Acquisitions (A)

Since Dec 31, 2025

Disposals (D)

Since Dec 31, 2025

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jun 30, 2026	BROWN RONALD	director, officer: PRESIDENT	NEN Class B Units of Limited Partnership Interest	D	29	$1824.32
Jun 30, 2026	BROWN RONALD	director, officer: PRESIDENT	NEN Units of General Partnership Interest	D	2	$1824.32
Jun 30, 2026	Brown Jameson Pruitt	director, 10 percent owner, officer: TREASURER	NEN Class B Units of Limited Partnership Interest	D	86	$1824.32
Jun 30, 2026	Brown Jameson Pruitt	director, 10 percent owner, officer: TREASURER	NEN Units of General Partner Interest	D	2	$1824.32
Mar 31, 2026	Brown Jameson Pruitt	director, 10 percent owner, officer: TREASURER	NEN Class B Units of Limited Partnership Interest	D	10	$1938.96

Leadership Team of NEN

2 executives

Name	Title	Gender	Year Born	Status
Jameson Pruitt Brown	Treasurer, Chief Financial Officer & Director of New Real Inc	Male	1988	Active
Ronald Brown	President & Director of New Real Inc	Male	1936	Active

Recent News of NEN

Zacks Investment Research8/13/2026Neutral

NERA Incurs Q2 Loss Due to Higher Costs, Revenues Up Y/Y

NERA incurs Q2 loss per share due to higher operating expenses and interest costs, while revenues increased 14.9% year over year.

PRNewsWire8/7/2026Neutral

New England Realty Associates LP Announces Third-Quarter Distribution on Class A Units and Depositary Receipts

ALLSTON, Mass., Aug. 7, 2026 /PRNewswire/ -- On September 30, 2026, New England Realty Associates Limited Partnership (NYSE MKT: NEN) will make its quarterly distribution to its Class A Limited Partners and holders of Depositary Receipts of record as of September 15, 2026.

Zacks Investment Research6/2/2026Neutral

NERA Downgraded to Underperform Amid Escalating Expenses

NEN's downgrade rating reflects rising operating and interest expenses, slowing rent growth and a return to losses.

Historical Employee Count of NEN

Current

Minimum

Maximum

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	0	10-K	Mar 13, 2026	View
Dec 31, 2024	58	10-K	Mar 14, 2025	View
Dec 31, 2023	53	10-K	Mar 14, 2024	View
Dec 31, 2022	53	10-K	Mar 13, 2023	View
Dec 31, 2021	0	10-K	Mar 11, 2022	View

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New England Realty Associates Limited Partnership