Every 10-Q that New England Realty Associates Limited Partnership (NEN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NEN filings page.
New England Realty Associates Limited Partnership reported higher rental revenues but a net loss for the periods ended June 30, 2026. For Q2 2026, rental income was $24.18 million and total revenues $24.40 million, compared with $21.24 million a year earlier. Higher expenses, including depreciation and amortization of $8.10 million and interest expense of $5.73 million, led to a Q2 net loss of $1.16 million versus net income of $4.15 million in Q2 2025. Net loss per unit was $9.99.
For the first six months of 2026, total revenues were $48.56 million, with a net loss of $5.07 million versus net income of $7.95 million in the prior-year period, and a loss per unit of $43.63. Cash and cash equivalents were $24.75 million at June 30, 2026; net cash provided by operating activities was $7.57 million. Rental properties totaled $452.15 million, while mortgage notes payable were $526.24 million, and partners’ capital was a deficit of $83.22 million. During 2026 to date, the partnership paid $2.78 million in distributions and spent about $1.24 million on unit repurchases, and completed the sale of two commercial office buildings for approximately $2.60 million, incurring a loss of about $151,000.
New England Realty Associates L.P. reported a sharp swing to a net loss for the quarter ended March 31, 2026. Total revenues rose to $24.2 million from $20.7 million a year earlier, driven mainly by higher rental income of $24.0 million versus $20.5 million.
Operating costs and non-cash charges increased substantially: depreciation and amortization nearly doubled to $8.0 million, while administrative, operating, repairs, and tax expenses all rose, cutting income before other items to $1.5 million from $6.2 million. Higher interest expense of $5.7 million and lower interest income led to a net loss of $3.9 million, compared with net income of $3.8 million in 2025, or $(33.61) per unit versus $32.53.
Cash from operating activities was $2.3 million, down from $5.5 million, while cash ended the quarter at $25.6 million. Mortgage notes payable totaled $526.9 million, and partners’ capital remained negative at $(79.6) million. The Partnership sold two commercial office buildings for about $2.6 million, incurring a modest loss, continued its unit repurchase program, and paid a $12.00 per unit quarterly distribution.
New England Realty Associates (NEN) reported Q3 2025 results, reflecting higher property scale and debt costs after recent acquisitions. Revenue rose to $23.7 million from $20.2 million, but the quarter showed a net loss of $0.5 million versus prior-year income, as depreciation and interest expense increased. For the first nine months, net income was $7.4 million, down from $11.4 million.
On June 18, NEN acquired a mixed-use property in Belmont, MA with 396 residential units and 3 commercial units for $172.0 million, plus two commercial properties for $3.0 million. Funding came from U.S. Treasury bill proceeds, a $40.0 million master credit facility advance, and a $67.5 million interim mortgage (SOFR + 150 bps). Mortgage notes payable increased to $511.2 million from $406.2 million at year-end.
Operating cash flow was $20.4 million; investing used $44.9 million and financing provided $20.3 million. The partnership disclosed it was in compliance with its revolving credit covenants except for the liquidity covenant. Construction of the 72‑unit Mill Street Development remains slated for completion in Q4 2025.
New England Realty Associates (NEN) expanded its portfolio and reported higher operating cash flow while carrying increased leverage. Total assets rose to $494.8 million from $393.5 million, driven by the June 18, 2025 purchase of a mixed-use Belmont property (396 residential units and 3 commercial units) for $172.0 million plus two commercial property purchases for $3.0 million. Cash and cash equivalents were $16.7 million and short-term Treasury bills of about $83.6 million at year-end were deployed for acquisitions.
Operating results showed rental income of $41.53 million for the six months ended June 30, 2025 (vs. $39.55 million prior year) and net income of $7.95 million (vs. $7.54 million). Net cash provided by operating activities improved to $18.01 million from $11.49 million. Mortgage notes payable increased to $511.18 million, total liabilities exceeded assets at $563.75 million, and partners' capital was a deficit of $(68.97) million. The Partnership remained in compliance with Brookline Bank credit covenants as of June 30, 2025.