NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	49.6	52.8	58	60.5	62.1	62.6	68.3	74.5	80.5	89.2
General and administrative	2.1	2.01	2.2	2.5	2.21	2.48	2.73	2.9	2.94	3.12
Operating expenses	36.3	38.7	43.1	43.2	47.1	48.4	50.2	55.7	55.2	67.8
Operating income	13.3	14.1	14.9	17.3	15	14.2	18.1	18.8	25.4	21.3
Interest expense	10.2	11.1	12.4	12.2	13.7	13.6	15	15.7	15.5	18.6
Interest income	0	0	0	0	0	0	1.06	4.49	4.47	1.8
Other non-operating income	-8.31	-7.21	-10.7	-10.7	-13.5	-16.9	-14.4	-10.4	-9.71	-15.3
Income tax	0	0	0	0	0	0	0	0	0
Income from continuing operations	4.95	6.94	4.17
Net income	4.95	6.94	4.17	6.55	1.42	-2.7	3.72	8.45	15.7	6.03
EBITDA	25.4	27.6	30.5	32	33.4	30.9	34.5	35.6	42.4	44.6

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	7.46	7.24	9.06	7.55	18.6	96.1	49.6	18.2	17.6	26.7
Intangible assets	0.01	0.3	0.15	1.38	0.05	0.03	0	0.68	0.33	2.69
Total assets	191	227	247	294	292	357	392	386	394	505
Total liabilities	225	262	283	332	333	406	452	451	456	580
Total debt							414	411	409	531
Total liabilities and equity	191	227	247	294	292	357	392	386	394	505

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	4.95	6.94	4.17	6.55	1.42	-2.7	3.72	8.45	15.7	6.03
Depreciation and amortization	12.2	13.5	15.6	14.7	18.4	16.7	16.4	16.8	17	23.3
Change in receivables	-0.13	-0.02	-0.7	0.04	-2.38	-0.35	0.28	-0.3	-0.27	-0.21
Change in payables	-0.59	-0.4	0.59	0.35	-0.39	0.44	2.95	-1.55	0.51	-0.49
Cash from operations	18.9	23.6	25.6	22.4	17.5	15.8	21.5	24.2	31.9	27.7
Purchases of investments							-178	-176	-181	-31.1
Sales and maturities of investments							89.5	181	182	116
Cash from investing	-6.35	-53	-2.44	-29.3	-1.72	-2.33	-93.1	-38.9	-16.6	-54.3
Debt issued		41
Share buybacks	-1.63	-0.04		-4.05	-0.39	-0.45	-5.33	-3.93	-1.67	-0.82
Cash from financing	-15.3	29.2	-21.4	5.32	-4.64	64	25	-16.6	-16	35.7
Net change in cash	-2.83	-0.22	1.82	-1.51	11.1	77.4	-46.5	-31.3	-0.61	9.05
Interest paid	9.94	10.6	12.2	11.9	13.3	13.3	14.4	15.4	15.3	18.8
Income taxes paid	0.05	0.06	0.08	0.08	0.1	0.12	0.07	0.07	0.15	0.16

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $51.01 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	14.2%	Operating income / revenue.
EBITDA margin	46.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	-7.3%	Net income / revenue.
Operating cash flow margin	18.0%	Cash from operations / revenue.
Return on assets (ROA)	-1.4%	Net income / average total assets.
D&A / revenue	32.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	10.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	9.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-15.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	5.7%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	7.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	5.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	9.0%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	6.0%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-61.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	17.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	33.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-13.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	8.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	9.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	28.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	11.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Debt / assets	107.2%	Total debt / total assets.
Liabilities / assets	116.8%	Total liabilities / total assets.
Net debt	$504.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	11.3x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.61x	Operating income / interest expense.
Goodwill and intangibles / assets	0.1%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.19x	Revenue / average total assets.

Valuation

Metric	Value	How it is calculated
Market cap	$141.5M	Share price x shares outstanding.
Enterprise value	$646.2M	Market cap + total debt - cash - short-term investments.
P/S	1.48x	Market cap / revenue.
P/OCF	8.22x	Market cap / cash from operations, when positive.
EV/Sales	6.74x	Enterprise value / revenue.
EV/EBIT	47.6x	Enterprise value / operating income, when both are positive.
EV/EBITDA	14.5x	Enterprise value / EBITDA, when both are positive.
Earnings yield	-4.9%	Net income / market cap (the inverse of P/E).
Shareholder yield	1.3%	(Dividends paid + share buybacks) / market cap.

What was NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's revenue in fiscal 2025?

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP reported revenue of $89.2M for fiscal 2025, 10.8% higher than the year before.

Was NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP profitable in fiscal 2025?

Yes. Net income was $6.0M, a net margin of 6.8%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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