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New England Realty Associates Announces Second-Quarter Distribution on Class A Units and Depositary Receipts and an Increase to the Distribution per Quarter of $2.40 per Class A Unit or $0.08 per Depositary Receipt
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ALLSTON, Mass., May 9, 2023 /PRNewswire/ -- On June 30, 2023, New England Realty Associates Limited Partnership (NYSE MKT: NEN) will make its quarterly distribution to its Class A Limited Partners and holders of Depositary Receipts of record as of June 15, 2023. The quarterly distribution per Class A Limited Partnership Unit will be $12.00 per Unit (an increase of $2.40 per Unit per quarter or $9.60 annually). The quarterly distribution per Depositary Receipt will be $0.40 (an increase of $0.08 per Depositary Receipt per quarter or $0.32 annually). Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit. Depositary Receipts are listed on The NYSE MKT under the trading symbol "NEN".
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, condominium units, and commercial properties located in massachusetts and new hampshire. as of february 1, 2020, the company owned 2,892 residential apartment units in 25 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 a commercial shopping center in framingham, massachusetts; one commercial building in newton and one in brookline, massachusetts; commercial space in mixed-use buildings in boston, brockton and newton, and massachusetts; and 40% to 50% ownership interest in 7 residential and mixed use complexes with a total of 688 residential units, one commercial unit, and a 50 car parking lot. newreal, inc. serves as the general pa
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