New England Realty Associates Limited Partnership Class A Depositary Receipts Evidencing Units of Limited Partnership (NEN)
Fast GrowerFairStock Score: 47/100 — MIXED
Key Financials
| Current Price | $59 |
| Market Cap | $207M |
| P/E Ratio | -125.53 |
| ROE | —% |
| Dividend Yield | 2.67% |
| Sector | Real Estate |
Strengths
- Generates $24 million in annual free cash flow (11.3% yield on market cap)
- Revenue growth of 15.7% demonstrates strong top-line momentum
- Attractive 2.7% dividend yield providing steady income returns
Concerns
- Elevated P/E of 35.1x prices in substantial future growth that may not materialize
- Altman Z-Score of 0.3 places it in the financial distress zone—elevated bankruptcy risk
AI Analysis
New England Realty Associates Limited Partnership Class A Depositary Receipts Evidencing Units of Limited Partnership is a micro-cap real estate company valued at $207 million. Revenue stands at $91 million. From a quality standpoint, New shows solid Piotroski F-Score of 6/9 and distressed Altman Z-Score of 0.3 warrants caution. On valuation, the stock is trading at a premium 35.1x earnings, with 3.5% FCF yield. Growth dynamics show revenue growing at 15.7% and profit growth of -133.0%. The 2.7% dividend yield adds an income component for patient holders. Our composite FairStock Score of 47/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.
Bull Case
New's 16% revenue growth trajectory could accelerate as it captures additional market share in the real estate sector. With $24 million in annual free cash flow (11.3% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.
Bear Case
At 35x earnings, any growth disappointment triggers rapid multiple compression—a 20% earnings miss plus multiple contraction to 20x implies 40%+ downside. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.
Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer