New England Realty Associates Limited Partnership (NEN)

NEN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	88.4	79.76	73.89	67.56	62.18
Other Revenue	2.27	2.05	1.47	1.23	-0.1
Total Revenue	90.67	81.81	75.36	68.79	62.07
Revenue Growth (YoY	10.82%	8.57%	9.54%	10.83%	-0.31%
Property Expenses	29.41	25.24	25.07	21.95	20.31
Selling, General & Administrative	3.12	2.94	2.9	2.73	2.48
Depreciation & Amortization	23.26	16.98	16.77	16.37	16.67
Other Operating Expenses	11.66	10	9.95	9.15	8.94
Total Operating Expenses	67.45	55.16	54.7	50.21	48.4
Operating Income	23.22	26.65	20.66	18.59	13.68
Interest Expense	-18.59	-15.46	-15.72	-15.05	-13.63
Interest & Investment Income	1.8	4.47	4.49	1.06	0
Other Non-Operating Income	-	-	-	-0.04	-0.05
EBT Excluding Unusual Items	6.43	15.66	9.43	4.56	-0
Asset Writedown	-0.4	-	-0.97	-	-
Other Unusual Items	-	-	-	-0.83	-2.7
Pretax Income	6.03	15.66	8.45	3.72	-2.7
Net Income	6.03	15.66	8.45	3.72	-2.7
Net Income to Common	6.03	15.66	8.45	3.72	-2.7
Net Income Growth	-61.49%	85.26%	127.06%	-	-
Basic Shares Outstanding	3	4	4	4	4
Diluted Shares Outstanding	3	4	4	4	4
Shares Change (YoY)	-0.40%	-1.25%	-1.38%	-1.26%	-0.07%
EPS (Basic)	1.72	4.46	2.38	1.03	-0.74
EPS (Diluted)	1.72	4.46	2.38	1.03	-0.74
EPS Growth	-61.33%	87.60%	130.24%	-	-
Dividend Per Share	1.600	1.600	1.520	1.280	1.280
Dividend Growth	-	5.26%	18.74%	-	-
Operating Margin	25.61%	32.58%	27.42%	27.02%	22.03%
Profit Margin	6.65%	19.14%	11.22%	5.41%	-4.35%
EBITDA	46.49	43.64	37.44	34.96	30.35
EBITDA Margin	51.27%	53.34%	49.68%	50.82%	48.89%
D&A For Ebitda	23.26	16.98	16.77	16.37	16.67
EBIT	23.22	26.65	20.66	18.59	13.68
EBIT Margin	25.61%	32.58%	27.42%	27.02%	22.03%
Revenue as Reported	89.2	80.53	74.48	68.29	62.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q