📊 NEN Key Takeaways
Is New England Realty Associates Limited Partnership (NEN) a Good Investment?
NEW ENGLAND REALTY is in financial distress with liabilities exceeding assets and critically weak interest coverage of 0.4x, indicating inability to service debt from operations. The negative equity position combined with net losses of $3.9M despite modest operating income signals unsustainable leverage and high refinancing risk in the overleveraged real estate sector.
NEN’s apartment portfolio produces steady rental cash flow with a solid operating margin and strong free cash flow conversion (31% FCF margin), supporting a 5.5x interest coverage. However, leverage is elevated with liabilities exceeding assets and profitability is modest (1.2% ROA), increasing sensitivity to interest rates and refinancing conditions. Maintain a neutral stance pending deleveraging and consistent same‑store NOI gains.
New England Realty Associates Limited Partnership Key Strengths (NEN)
- Positive operating cash flow of $2.3M provides minimal debt service flexibility
- Operating income of $1.5M and 6.2% operating margin show underlying property operations are marginally profitable
- Real estate asset base of $497.3M in apartment buildings provides tangible collateral
- Stable recurring rental income base
- Strong free cash flow generation (31% FCF margin)
- Adequate interest coverage at 5.5x
NEN Stock Risks: New England Realty Associates Limited Partnership Investment Risks
- Liabilities of $576.9M exceed total assets of $497.3M, resulting in negative stockholders equity—technically insolvent on balance sheet basis
- Interest coverage ratio of 0.4x indicates operating income cannot cover debt service obligations; company dependent on refinancing or asset sales
- Net loss of $3.9M and negative 16.2% net margin show non-operating expenses (primarily interest) are destroying shareholder value; unsustainable capital structure
- High leverage with liabilities > assets and $531M long-term debt
- Refinancing and interest-rate sensitivity
- Potential occupancy/regulatory pressures on rent growth and NOI
Key Metrics to Watch
- Interest coverage ratio trend—must improve above 1.5x to indicate financial stability
- Long-term debt reduction and refinancing terms—critical for solvency given $530.2M debt burden
- Operating cash flow sustainability—must consistently exceed $2.3M to service debt
- Interest coverage
- Same-store NOI growth and occupancy
New England Realty Associates Limited Partnership (NEN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
NEN Profit Margin, ROE & Profitability Analysis
NEN vs Market Sector: How New England Realty Associates Limited Partnership Compares
How New England Realty Associates Limited Partnership compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is New England Realty Associates Limited Partnership Stock Overvalued? NEN Valuation Analysis 2026
Based on fundamental analysis, New England Realty Associates Limited Partnership has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
New England Realty Associates Limited Partnership Balance Sheet: NEN Debt, Cash & Liquidity
NEN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: New England Realty Associates Limited Partnership's revenue has grown significantly by 71% over the 5-year period, indicating strong business expansion.
NEN Revenue Growth, EPS Growth & YoY Performance
NEN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $192.8K | $3.8M | N/A |
| Q3 2025 | $187.9K | -$521.8K | N/A |
| Q2 2025 | $202.1K | $4.1M | N/A |
| Q1 2025 | $183.0K | $3.5M | N/A |
| Q3 2024 | $157.3K | $2.2M | N/A |
| Q2 2024 | $136.1K | $2.2M | N/A |
| Q1 2024 | $123.0K | $1.8M | N/A |
| Q3 2023 | $103.9K | $995.2K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
New England Realty Associates Limited Partnership Dividends, Buybacks & Capital Allocation
NEN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for New England Realty Associates Limited Partnership (CIK: 0000746514)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NEN
What is the AI rating for NEN?
New England Realty Associates Limited Partnership (NEN) has a Combined AI Grade of C from Claude (D) and ChatGPT (B) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NEN's key strengths?
Claude: Positive operating cash flow of $2.3M provides minimal debt service flexibility. Operating income of $1.5M and 6.2% operating margin show underlying property operations are marginally profitable. ChatGPT: Stable recurring rental income base. Strong free cash flow generation (31% FCF margin).
What are the risks of investing in NEN?
Claude: Liabilities of $576.9M exceed total assets of $497.3M, resulting in negative stockholders equity—technically insolvent on balance sheet basis. Interest coverage ratio of 0.4x indicates operating income cannot cover debt service obligations; company dependent on refinancing or asset sales. ChatGPT: High leverage with liabilities > assets and $531M long-term debt. Refinancing and interest-rate sensitivity.
What is NEN's revenue and growth?
New England Realty Associates Limited Partnership reported revenue of $24.2M.
Does NEN pay dividends?
New England Realty Associates Limited Partnership does not currently pay dividends.
Where can I find NEN SEC filings?
Official SEC filings for New England Realty Associates Limited Partnership (CIK: 0000746514) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NEN's EPS?
New England Realty Associates Limited Partnership has a diluted EPS of $0.00.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is NEN's fundamental grade?
Based on our AI fundamental analysis in May 2026, New England Realty Associates Limited Partnership has a C grade with 74% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is NEN stock overvalued or undervalued?
Valuation metrics for NEN: ROE of N/A (sector avg: 15%), net margin of -16.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is NEN's AI grade for 2026?
Our dual AI analysis gives New England Realty Associates Limited Partnership a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NEN's free cash flow?
New England Realty Associates Limited Partnership's operating cash flow is $2.3M, with capital expenditures of N/A. FCF margin is 9.5%.
How does NEN compare to other Market stocks?
Vs Default sector averages: Net margin -16.2% (avg: 12%), ROE N/A (avg: 15%), current ratio N/A (avg: 1.8).