New England Realty Associates Limited Partnership Class A Depositary Receipts Evidencing Units of Limited Partnership (NEN)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at New England Realty as a small owner of apartments, mixed-use and commercial property in Massachusetts and New Hampshire. Revenue has grown: filed figures show $588,975 in FY2023, $769,586 in FY2024, and $795,854 in FY2025. But the profit trend is poor. Net income was $8.5M in FY2023, $15.7M in FY2024, then only $6.0M in FY2025. More recently, fiscal Q3 2025, the quarter ended 2025-09-30, lost $521,828; fiscal Q4 2025, the quarter ended 2025-12-31, lost $1.4M; fiscal Q1 2026, the quarter ended 2026-03-31, lost $3.9M; and fiscal Q2 2026, the quarter ended 2026-06-30, lost $1.2M. That is not the record of a wide-moat compounder.

In plain English: New England Realty Associates owns and operates apartments, mixed-use and commercial properties in Massachusetts and New Hampshire. The business has grown revenue, but recent quarters have posted net losses and profits have weakened sharply. At $47.01, the shares sit at the low end of their 52-week range and pay a 3.40% dividend, yet the weak recent earnings make the price look fair rather than clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer