New England Realty Associates Limited Partnership (NEN) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
New England Realty Associates Limited Partnership (NEN) trades at $55.51 with AI Score 53/100 (Grade B). New England Realty Associates Limited Partnership focuses on acquiring, developing, and operating real estate properties. Market cap: $194M, Sector: Real estate.
Price as of Aug 21, 2026 · Last analyzed: Jun 1, 2026Analyst Coverage for NEN: NEN does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NEN against Real Estate peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
NEN: the 3 scored disciplines are evenly split. Dominant signal: Seth Klarman bullish.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
New England Realty Associates Limited Partnership (NEN) Real Estate Portfolio & Strategy
New England Realty Associates Limited Partnership (NEN) operates in the real estate sector, focusing on residential and commercial properties in Massachusetts and New Hampshire. With a diverse portfolio and a modest dividend yield of 2.63%, NEN presents a stable, albeit low-growth, investment profile within the regional real estate market.
What Is the Investment Thesis for NEN?
New England Realty Associates Limited Partnership presents a focused investment opportunity within the New England real estate market. With a market capitalization of $194M and a dividend yield of 2.63%, NEN offers a steady income stream, although its negative profit margin of -1.8% raises concerns about profitability. The company's low beta of 0.15 suggests relatively low volatility compared to the broader market. Growth catalysts include potential increases in rental income and strategic property development. However, investors should be aware of risks such as fluctuations in property values and the competitive real estate landscape in Massachusetts and New Hampshire.
Based on FMP financials and quantitative analysis
NEN Key Highlights
Market Cap of $194M indicates a small-cap company within the real estate sector.
- Dividend Yield of 2.63% provides a modest income stream for investors.
- Gross Margin of 28.3% reflects the company's efficiency in managing its real estate operations.
- Beta of 0.15 suggests lower volatility compared to the overall market.
- Negative Profit Margin of -1.8% signals potential challenges in achieving profitability.
Who Are NEN's Competitors?
NEN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FCRIF FCR Immobilien AG | $18.00 | +0.00% | $176M | 55 |
| AZLCZ Aztec Land and Cattle Company, Limited | $2488.00 | +0.00% | $226M | 51 |
| CIAN Cian PLC | $3.40 | +0.00% | $238M | 58 |
| SDWHF Soundwill Holdings Limited | $0.87 | +0.00% | $247M | 64 |
| NTPIF Nam Tai Property Inc. | $4.50 | +0.00% | $275M | 64 |
| MDTWF Mediterranean Towers Ltd. | $2.15 | +0.00% | $326M | 53 |
| JPPSF Jinmao Property Services Co., Limited | $0.37 | +0.00% | $337M | 51 |
| LSLPF LSL Property Services plc | $3.68 | +7.92% | $362M | 51 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NEN's Key Strengths?
Established presence in the New England real estate market.
- Diverse portfolio of residential and commercial properties.
- Steady rental income stream from existing properties.
- Low beta indicates relatively low volatility.
What Are NEN's Weaknesses?
Negative profit margin raises concerns about profitability.
- Limited geographic diversification.
- Small market capitalization compared to larger REITs.
- Dependence on the local economy and real estate market conditions.
What Could Drive NEN Stock Higher?
Potential increases in rental income due to property improvements and market demand.
- Strategic property development projects that could increase asset value within 3-5 years.
- Acquisition of complementary properties to expand the portfolio within 6-12 months.
What Are the Key Risks for NEN?
Financial-distress signal — its Altman Z-Score of 0.52 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Rich valuation — a P/E of 35.9 runs well above the Real Estate sector’s ~21x, leaving little room for a miss.
- Fluctuations in property values due to economic downturns and market volatility.
- Increased competition from larger REITs and real estate firms in the New England area.
- Rising interest rates impacting borrowing costs and property values.
- Negative profit margin indicating potential financial challenges.
What Are the Growth Opportunities for NEN?
- Strategic Property Development: Developing existing land holdings and underutilized properties can significantly increase NEN's revenue and asset value. Focusing on high-demand residential areas within Massachusetts and New Hampshire, NEN can capitalize on the ongoing housing shortage. This strategy requires careful planning and execution, with potential returns materializing within 3-5 years, depending on project timelines and market conditions. Success hinges on securing necessary permits and managing construction costs effectively.
- Rental Income Optimization: Increasing rental rates across its existing portfolio can drive revenue growth. By implementing property improvements and enhancing tenant services, NEN can justify higher rental rates and attract higher-quality tenants. This strategy can yield immediate results, with rental rate adjustments potentially occurring annually. The success of this approach depends on maintaining competitive pricing and managing tenant turnover.
- Acquisition of Complementary Properties: Acquiring additional residential and commercial properties in strategic locations can expand NEN's portfolio and diversify its revenue streams. Targeting properties with high occupancy rates and strong growth potential can enhance the company's overall financial performance. Acquisitions can be completed within 6-12 months, depending on deal negotiations and due diligence. The key is to identify undervalued assets and integrate them efficiently into NEN's existing operations.
- Expansion into New Markets: Expanding its operations into adjacent geographic markets within New England can unlock new growth opportunities. Identifying markets with favorable demographic trends and strong economic growth can drive demand for NEN's properties. This expansion strategy requires careful market research and a phased approach, with initial investments potentially yielding returns within 2-3 years. Success depends on adapting to local market conditions and building relationships with key stakeholders.
- Renovation and Modernization of Existing Properties: Upgrading and modernizing existing properties can enhance their appeal and increase their market value. Implementing energy-efficient technologies and modern amenities can attract environmentally conscious tenants and command higher rental rates. This strategy can be implemented on a property-by-property basis, with renovations potentially completed within 3-6 months per property. The key is to prioritize projects with the highest potential return on investment and minimize disruption to existing tenants.
What Are NEN's Competitive Advantages?
- Geographic Focus: Strong presence in the Massachusetts and New Hampshire real estate markets.
- Established Portfolio: Diverse portfolio of residential and commercial properties.
- Local Expertise: Deep understanding of the local real estate market dynamics.
What Does NEN Do?
New England Realty Associates Limited Partnership, established in 1977 and headquartered in Allston, Massachusetts, is a real estate company engaged in acquiring, developing, holding, operating, and selling real estate properties. The company's portfolio primarily consists of residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. As of February 1, 2022, NEN owned 2,892 residential apartment units across 25 residential and mixed-use complexes, along with 19 condominium units in a residential condominium complex, primarily in the Boston metropolitan area. In addition to residential properties, NEN's commercial holdings include a shopping center in Framingham, a commercial building in Newton and Brookline, and commercial spaces in mixed-use buildings in Boston, Brockton, and Newton. The company also holds a 40% to 50% ownership interest in seven residential and mixed-use complexes, comprising 688 residential units, one commercial unit, and a 50-car parking lot. NewReal, Inc. acts as the general partner of New England Realty Associates Limited Partnership, overseeing the company's operations and strategic direction.
What Products and Services Does NEN Offer?
- Acquires residential and commercial real estate properties.
- Develops real estate properties for investment.
- Holds real estate properties for long-term appreciation.
- Operates residential apartment complexes and condominium units.
- Manages commercial shopping centers and office buildings.
- Sells real estate properties to generate capital gains.
How Does NEN Make Money?
- Generates revenue through rental income from residential and commercial properties.
- Realizes capital gains from the sale of real estate properties.
- Manages property operations and maintenance to maximize profitability.
- Invests in property development and improvements to enhance asset value.
What Industry Does NEN Operate In?
New England Realty Associates Limited Partnership operates within the competitive real estate services industry, primarily focusing on the Massachusetts and New Hampshire markets. The industry is influenced by factors such as interest rates, economic growth, and demographic trends. Competitors include larger real estate investment trusts (REITs) and private real estate firms. NEN's focus on specific geographic areas and property types differentiates it within the broader real estate landscape. The real estate services market is projected to grow moderately, driven by increasing demand for housing and commercial spaces.
Who Are NEN's Key Customers?
- Residential tenants seeking apartment rentals in Massachusetts and New Hampshire.
- Commercial tenants leasing retail and office spaces.
- Real estate investors interested in acquiring properties from NEN.
New England Realty Associates Limited Partnership Financial Trajectory
New England Realty Associates Limited Partnership (NEN) reported $24.4M in revenue for Q2 2026, reflecting 1.0% growth compared to the prior quarter. The company recorded a net loss of $1.2M, with diluted EPS of $-0.33. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this micro-cap Real Estate company. Across the four most recent quarters, NEN averaged $-0.50 in diluted EPS.
Company Profile
New England Realty Associates Limited Partnership operates in the Real Estate - Development industry within the Real Estate sector. It is headquartered in Allston, US. The company is led by CEO Ronald Brown. NEN has traded publicly since 1987.
How New England Realty Associates Limited Partnership Is Valued
New England Realty Associates Limited Partnership carries a market capitalization of $194M, placing it in the micro-cap category. Relative to its peer group, NEN's quantitative score of 53/100 is roughly in line with the peer average of 58/100.
Key Financial Metrics
Return on equity for New England Realty Associates Limited Partnership stands at 2.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.0%, showing how much profit it generates from its asset base. Its earnings yield is -0.8%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
New England Realty Associates Limited Partnership's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 0.52 places it in the distress zone, a signal of elevated financial risk.
NEN Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that key stakeholders believe in its potential growth.
- Community sentiment has shifted positively, with many discussions highlighting the company's strong management and strategic property acquisitions.
- Market perception is buoyed by recent favorable developments in the real estate sector, particularly in regions where NEN operates.
- Investors are increasingly recognizing the value of diversified real estate holdings, positioning NEN as a stable option in a volatile market.
Bear Case
- Concerns about rising interest rates could dampen real estate investment, potentially impacting NEN's profitability and growth prospects.
- Some community members express skepticism about the company's ability to adapt to changing market dynamics, especially in a competitive real estate landscape.
- Negative sentiment stems from recent reports of declining rental demand in certain areas, which could affect NEN's revenue streams.
- There is a growing fear of economic uncertainty, leading some investors to question the stability of real estate investments like NEN.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $24M | -$1M | -$0.33 |
| Q1 2026 | $24M | -$4M | -$1.12 |
| Q4 2025 | $24M | -$1M | -$0.40 |
| Q3 2025 | $24M | -$521,828 | -$0.15 |
Based on FMP financials and quantitative analysis
NEN Latest News
No recent news available for NEN.
NEN Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NEN.
Price Targets
Wall Street price target analysis for NEN.
NEN MoonshotScore
What does this score mean?
The MoonshotScore rates NEN 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Ronald Brown
Unknown
Information about Ronald Brown's background is not available in the provided data. Without additional context, it is impossible to provide details about his career history, education, or previous roles.
Track Record: Information about Ronald Brown's track record is not available in the provided data. Without additional context, it is impossible to provide details about his key achievements, strategic decisions, or company milestones under his leadership.
New England Realty Associates Limited Partnership Real Estate Stock: Key Questions Answered
What does the AI Score mean for NEN?
NEN holds an AI Score of 53/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. New England Realty Associates Limited Partnership focuses on acquiring, developing, and operating real estate properties. The company owns residential apartments, condominium units, and commercial …
What does New England Realty Associates Limited Partnership do?
New England Realty Associates Limited Partnership (NEN) operates as a real estate company focused on acquiring, developing, and managing properties primarily in Massachusetts and New Hampshire. The company's portfolio includes residential apartments, condominium units, and commercial spaces. NEN generates revenue through rental income and capital gains from property sales, positioning itself as a regional player in the real estate services industry.
What are the main risks for NEN?
New England Realty Associates Limited Partnership faces several risks inherent to the real estate industry. These include fluctuations in property values due to economic downturns, increased competition from larger REITs, and the impact of rising interest rates on borrowing costs. The company's negative profit margin also poses a financial risk. Additionally, changes in local zoning regulations and property taxes could affect NEN's profitability and asset values.
What are the key factors to evaluate for NEN?
New England Realty Associates Limited Partnership (NEN) holds an AI score of 53/100 (moderate). P/E: 35.9x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NEN data refresh on this page?
NEN's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven NEN's recent stock price performance?
New England Realty Associates Limited Partnership (NEN) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established presence in the New England real estate market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NEN overvalued or undervalued right now?
New England Realty Associates Limited Partnership (NEN) trades at 35.9x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research NEN before investing?
Before investing in New England Realty Associates Limited Partnership (NEN), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding NEN to a portfolio?
Key strength of New England Realty Associates Limited Partnership (NEN): Established presence in the New England real estate market. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available on CEO Ronald Brown's background and track record.
- Analyst coverage of NEN is limited, making it difficult to assess market sentiment.
- Financial data is based on information available as of 2022.