NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Business
New England Realty Associates Limited Partnership is a Massachusetts-based real estate operator that acquires, develops, holds for investment, operates and sells residential apartments, condominium units and commercial properties. The Partnership owns and operates 3,411 residential apartment units across 27 complexes, 19 condominium units, and approximately 138,000 square feet of commercial space, primarily in the metropolitan Boston area of Massachusetts and New Hampshire, with additional partial interests in seven joint-venture residential and mixed-use complexes. The Partnership distributes quarterly cash distributions to its unitholders and pursues selective property acquisitions, improvements and refinancing.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Rental income | 88 | 80 | 74 | 68 | 62 | |
| Laundry and sundry income | 795,854 | 769,586 | 588,975 | 733,064 | 462,862 | |
| Total Revenues | 89 | 81 | 74 | 68 | 63 | |
| Administrative | 3 | 3 | 3 | 3 | 2 | |
| Depreciation and amortization | 23 | 17 | 17 | 16 | 17 | |
| Management fee | 3 | 3 | 3 | 3 | 3 | |
| Operating | 10 | 8 | 8 | 7 | 6 | |
| Renting | 1 | 1 | 1 | 639,235 | 1 | |
| Repairs and maintenance | 15 | 13 | 13 | 11 | 10 | |
| Taxes and insurance | 12 | 10 | 10 | 9 | 9 | |
| Property impairment | 400,000 | — | 971,109 | — | — | |
| Total Expenses | 68 | 55 | 56 | 50 | 48 | |
| Income Before Other Income (Expense) | 21 | 25 | 19 | 18 | 14 | |
| Interest income | 2 | 4 | 4 | 1 | 87 | |
| Interest expense | −19 | −15 | −16 | −15 | — | |
| Income from investments in unconsolidated joint ventures | 1 | 1 | 876,233 | 499,783 | −567,308 | |
| Total Other Income (Expense) | −15 | −10 | −10 | −14 | −17 | |
| Net Income | 6 | 16 | 8 | 4 | −3 | |
| Net Income per Unit | 51.75 | 133.83 | 71.34 | 30.99 | −22.19 | |
| Weighted Average Number of Units Outstanding | 116,548 | 117,022 | 118,500 | 120,160 | 121,696 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Rental Properties | 459 | 279 | 270 | 241 | 251 | |
| Real Estate Assets Held for Sale | 3 | — | — | — | — | |
| Cash and Cash Equivalents | 27 | 18 | 18 | 50 | 96 | |
| Rents Receivable | 1 | 1 | 953,761 | 655,814 | 935,303 | |
| Real Estate Tax Escrows | 3 | 3 | 2 | 2 | 861,697 | |
| Investment in U.S. Treasury Bills | — | 84 | 85 | 89 | — | |
| Prepaid Expenses and Other Assets | 11 | 9 | 8 | 8 | 6 | |
| Investments in Unconsolidated Joint Ventures | 1 | 1 | 1 | 1 | 1 | |
| Total Assets | 505 | 394 | 386 | 392 | 357 | |
| Mortgage Notes Payable | 528 | 406 | 409 | 411 | 370 | |
| Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture | 31 | 31 | 27 | 24 | 23 | |
| Accounts Payable and Accrued Expenses | 9 | 9 | 6 | 7 | 4 | |
| Advance Rental Payments and Security Deposits | 12 | 10 | 10 | 9 | 8 | |
| Total Liabilities | 580 | 456 | 451 | 452 | 406 | |
| Commitments and Contingent Liabilities (Notes 3 and 9) | — | — | — | — | — | |
| Partners' Capital 116,299 and 116,676 units outstanding in 2025 and 2024 respectively | −74 | −62 | −65 | −60 | −49 | |
| Total Liabilities and Partners' Capital | 505 | 394 | 386 | 392 | 357 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Income | 6 | 16 | 8 | 4 | −3 | |
| Amortization of deferred finance costs | 563,269 | 379,784 | 379,784 | 451,937 | 312,335 | |
| Interest Accrued on Treasury Bills | — | 206,525 | −571,122 | −573,483 | — | |
| Proceeds from unconsolidated joint ventures | 107,500 | 132,500 | 139,000 | 125,000 | 55,250 | |
| (Increase) in rents receivable | −207,292 | −267,000 | −297,947 | 279,489 | −354,806 | |
| (Decrease) Increase in accounts payable and accrued expense | −492,901 | 511,328 | −2 | 3 | 436,641 | |
| (Increase) in real estate tax escrow | −459,616 | −368,370 | −286,023 | −1 | −326,756 | |
| (Increase) Decrease in prepaid expenses and other assets | −2 | −226,029 | 83,670 | −868,084 | −612,666 | |
| Increase in advance rental payments and security deposits | 2 | 202,920 | 964,307 | 663,083 | 903,363 | |
| Total Adjustments | 22 | 16 | 16 | 18 | 18 | |
| Net cash provided by operating activities | 28 | 32 | 24 | 22 | 16 | |
| Distribution in excess of investment in unconsolidated joint ventures | 2 | 5 | 4 | 1 | 1 | |
| Investment in U.S. Treasury Bills | −31 | −181 | −176 | −178 | — | |
| Proceeds from U.S. Treasury Bills | 116 | 182 | 181 | 90 | — | |
| Improvement of rental properties | −15 | −10 | −9 | −6 | −3 | |
| Developing of rental property and other related costs | −17 | −12 | — | — | — | |
| Purchase of rental property | −109 | — | −38 | — | — | |
| Net cash (used in) investing activities | −54 | −17 | −39 | −93 | −2 | |
| Payment of financing costs | −2 | −225,570 | −3,000 | — | −179,245 | |
| Proceeds of mortgage notes payable | 77 | — | — | 42 | 89 | |
| Principal payments of mortgage notes payable | −22 | −3 | −3 | −2 | −2 | |
| Stock buyback | −821,186 | −2 | −4 | −5 | −450,258 | |
| Distributions to partners | −17 | −11 | −10 | −9 | −5 | |
| Net cash provided by (used in) financing activities | 36 | −16 | −17 | 25 | 64 | |
| Net Increase (Decrease) in Cash and Cash Equivalents | 9 | −614,523 | −31 | −47 | 77 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's CIK number?
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's SEC CIK number is 0000746514 (746514). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's SEC filings?
All of NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.