A Business at a Glance
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New England Realty Associates Limited Partnership (“NERA” or the “Partnership”), a Massachusetts Limited Partnership, was formed on August 12, 1977 as the successor to five real estate limited partnerships (collectively, the “Colonial Partnerships”), which filed for protection under Chapter XII of the Federal Bankruptcy Act in September 1974. The bankruptcy proceedings were terminated in late 1984. In July 2004, the General Partner extended the termination date of the Partnership until 2057. The authorized capital of the Partnership is represented by three classes of partnership units (“Units”). There are two categories of limited partnership interests (“Class A Units” and “Class B Units”) and one category of general partnership interests (the “General Partnership Units”).
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 86M | 81M | 74M | 68M | 63M | 62M |
| Net Income | 12M | 16M | 8.5M | 3.7M | -2.7M | 1.4M |
| EPS | $124.77 | $135.59 | $73.19 | $32.23 | $-23.25 | $12.07 |
| Free Cash Flow | 0 | 32M | 24M | 22M | 16M | 17M |
| ROIC | 6.0% | 8.2% | 5.7% | 5.2% | 12.5% | 12.2% |
| Gross Margin | 83.6% | 83.7% | 82.1% | 83.5% | 83.9% | 90.7% |
| Debt/Equity | 0.00 | -6.54 | -6.30 | -6.92 | -3.37 | -0.41 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 25M | 25M | 19M | 18M | 14M | 15M |
| Operating Margin | 28.7% | 31.5% | 25.3% | 26.5% | 22.7% | 24.1% |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 0M | 0M | 0M | 0M | 0M | 0M |
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 23.3x vs a median of 0.3x. The company's 5-year average ROIC is 8.8% with a gross margin of 84.8%. Total shareholder yield (buybacks) is 8.2%.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) has a 5-year average return on invested capital (ROIC) of 8.8%. This is below average and may indicate limited pricing power.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) has a market capitalization of $6M. It is classified as a small-cap stock.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 8.19%.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) operates in the Operators Of Apartment Buildings industry, within the Real Estate sector.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) reported annual revenue of $81 million in its most recent fiscal year, based on SEC EDGAR filings.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) has a net profit margin of 19.4%. This is a healthy margin.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) generated $32 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) reported earnings per share (EPS) of $135.59 in its most recent fiscal year.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) has a 5-year average gross margin of 84.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) has a book value per share of $-540.53, based on its most recent annual SEC filing.
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