New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States.
Solid track record second-rate dividend payer.
Share Price & News
How has New England Realty Associates Limited Partnership's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NEN has not had significant price volatility in the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: NEN exceeded the US Real Estate industry which returned -1.6% over the past year.
Return vs Market: NEN underperformed the US Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is New England Realty Associates Limited Partnership's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StHere's What New England Realty Associates Limited Partnership's (NYSEMKT:NEN) P/E Ratio Is Telling Us
3 days ago | Simply Wall StIs New England Realty Associates Limited Partnership (NYSEMKT:NEN) A Good Fit For Your Dividend Portfolio?
4 weeks ago | Simply Wall StHere's What New England Realty Associates Limited Partnership's (NYSEMKT:NEN) P/E Ratio Is Telling Us
Is New England Realty Associates Limited Partnership undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NEN ($59.5) is trading above our estimate of fair value ($55.99)
Significantly Below Fair Value: NEN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NEN is poor value based on its PE Ratio (35.3x) compared to the Real Estate industry average (20.1x).
PE vs Market: NEN is poor value based on its PE Ratio (35.3x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NEN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NEN has negative assets, so we can't compare its PB Ratio to the US Real Estate industry average.
How is New England Realty Associates Limited Partnership forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as New England Realty Associates Limited Partnership has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Check out New England Realty Associates Limited Partnership's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- New England Realty Associates Limited Partnership competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has New England Realty Associates Limited Partnership performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEN has high quality earnings.
Growing Profit Margin: NEN's current net profit margins (10.1%) are higher than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: NEN's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: NEN's earnings growth over the past year (45.4%) exceeds its 5-year average (18.8% per year).
Earnings vs Industry: NEN earnings growth over the past year (45.4%) exceeded the Real Estate industry -21.2%.
Return on Equity
High ROE: NEN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
How is New England Realty Associates Limited Partnership's financial position?
Financial Position Analysis
Short Term Liabilities: NEN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NEN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NEN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NEN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NEN's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: NEN's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Inventory Level: NEN has a high level of physical assets or inventory.
Debt Coverage by Assets: NEN has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
What is New England Realty Associates Limited Partnership's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NEN's dividend (2.15%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: NEN's dividend (2.15%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Stability and Growth of Payments
Stable Dividend: NEN's dividend payments have been volatile in the past 10 years.
Growing Dividend: NEN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.7%), NEN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
New England Realty Associates Limited Partnership has no CEO, or we have no data on them.
|President & Director of NewReal Inc||36.1yrs||no data||7.45% $16.3m|
|Treasurer||1.3yrs||no data||no data|
|Director of NewReal Inc||17.9yrs||no data||no data|
|Director of NewReal Inc||6.1yrs||no data||no data|
|Member of Advisory Committee||0yrs||no data||no data|
|Director of NewReal Inc||13.1yrs||no data||no data|
|Member of Advisory Committee||0yrs||no data||no data|
Experienced Board: NEN's board of directors are seasoned and experienced ( 13.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New England Realty Associates Limited Partnership's company bio, employee growth, exchange listings and data sources
- Name: New England Realty Associates Limited Partnership
- Ticker: NEN
- Exchange: AMEX
- Founded: 1977
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: US$218.115m
- Shares outstanding: 3.67m
- Website: https://www.thehamiltoncompany.com/default.aspx?matrix=31
- New England Realty Associates Limited Partnership
- 39 Brighton Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NEN||AMEX (NYSE MKT LLC)||Yes||DEPOSITRY RCPT||US||USD||Nov 1987|
New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartment buildings, condominium units, and commercial properties located in Massachusetts and New Hampshire. As of February 1, 2019, the company owned 2,711 residential apartment units in 23 residential and mixed-use complexes, and 19 condominium units in a residential condominium complex located primarily in the metropolitan Boston area of Massachusetts. It also owned 1 commercial shopping center in Framingham, Massachusetts; 1 commercial building in Newton and 1 in Brookline, Massachusetts; commercial space in mixed-use buildings in Boston, Brockton, and Newton, Massachusetts; and 40% to 50% ownership interest in 8 residential and mixed use complexes with a total of 691 residential units, 1 commercial unit, and a 50 car parking lot. NewReal, Inc. serves as the general partner of the company. New England Realty Associates Limited Partnership was founded in 1977 and is headquartered in Allston, Massachusetts.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/29 00:57|
|End of Day Share Price||2020/02/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.