NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) Form 10-Q — May 8, 2026
New England Realty Associates Limited Partnership reported a net loss of $3,907,672 for the quarter ended March 31, 2026, a significant decrease from the net income of $3,795,719 in the same quarter of the previous year. This decline is primarily due to increased operating expenses and a loss on the sale of two commercial office buildings. The Partnership's rental income increased by 16.9% to $23,956,464 for the quarter, but this was offset by a 56.8% increase in operating expenses to $22,664,945. The increase in expenses was driven by higher administrative, depreciation, and maintenance costs.
Key figures
- Eps Beat
- 0
- Revenue
- 24161127
- Total Debt
- 526920319
- Debt Amount
- 526920319
- Revenue Yoy
- 16.8
- Total Assets
- 497302684
- Cash Position
- 25559751
- Deal Value Usd
- 0
- Interest Rate
- 4.19
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 92957
Price after filing
Close on the filing date to close N calendar days later (from $60.00). Historical, not a forecast.
AI analysis
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