New England Realty Associates Limited Partnership (NEN)
New England Realty Associates Limited Partnership operates in the Real Estate - Development industry of the Real Estate sector, headquartered in Allston, MA, US. The stock last traded at $56.00, down 1.09% on the session, giving a market capitalisation of $195.6M. On trailing twelve-month figures it carries a trailing P/E of -33.53, a net margin of -4.8%. Its beta of 0.16 implies it has historically moved less than the broad market.
New England Realty Associates Limited Partnership operates as a real estate enterprise focused on the acquisition, construction, long-term investment, management, and sale of properties throughout the United States, primarily concentrated in Massachusetts and New Hampshire. Its holdings span various property types, including residential apartments, condominiums, and commercial spaces. By February 1, 2022, the company directly possessed 2,892 residential apartment units within 25 residential and mixed-use projects, alongside 19 condominium units in one residential complex, most of which are situated in the metropolitan Boston area of Massachusetts. Additionally, its commercial assets included a shopping center in Framingham, distinct commercial buildings in Newton and Brookline, and commercial portions of mixed-use buildings in Boston, Brockton, and Newton, Massachusetts. The partnership also maintained a significant minority stake of 40% to 50% in seven other residential and mixed-use developments, which together comprised 688 residential units, a single commercial unit, and a 50-space parking lot. NewReal, Inc. serves as the company's general partner. Established in 1977, New England Realty Associates Limited Partnership has its headquarters located in Allston, Massachusetts.
New England Realty Associates Limited Partnership is most often compared with the following Real Estate names: