New England Realty Associates Limited Partnership (NEN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
39 BRIGHTON AVE ALLSTON, MA 02134 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6513 - Operators of Apartment Buildings (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,230 | 49,561 | 96,084 | 18,647 | 7,546 | 9,060 | |||
| Cash and cash equivalents | 18,230 | 49,561 | 96,084 | 18,647 | 7,546 | 9,060 | |||
| Receivables | 573 | ||||||||
| Total current assets: | 18,230 | 50,134 | 96,084 | 18,647 | 7,546 | 9,060 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 1,441 | 1,437 | 1,456 | 1,411 | 1,430 | 1,986 | |||
| Long-term investments | 1,441 | 1,437 | 1,456 | 1,411 | 1,430 | 1,986 | |||
| Intangible assets, net (including goodwill) | 1,549 | (1,418) | (1,392) | (6) | (93) | (50) | |||
| Intangible assets, net (excluding goodwill) | 1,549 | (1,418) | (1,392) | (6) | (93) | (50) | |||
| Total noncurrent assets: | 2,990 | 19 | 64 | 1,405 | 1,337 | 1,936 | |||
| Other undisclosed assets | 364,510 | 341,667 | 260,728 | 271,618 | 285,410 | 236,040 | |||
| TOTAL ASSETS: | 385,731 | 391,820 | 356,876 | 291,670 | 294,294 | 247,035 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 451,085 | 451,690 | 406,168 | 333,139 | 332,117 | 282,659 | |||
| Total liabilities: | 451,085 | 451,690 | 406,168 | 333,139 | 332,117 | 282,659 | |||
| Equity | |||||||||
| Other undisclosed equity | (65,354) | (59,869) | (49,293) | (41,469) | (37,824) | (35,624) | |||
| Total equity: | (65,354) | (59,869) | (49,293) | (41,469) | (37,824) | (35,624) | |||
| TOTAL LIABILITIES AND EQUITY: | 385,731 | 391,820 | 356,876 | 291,670 | 294,294 | 247,035 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 74,481 | 68,294 | 62,638 | 62,103 | 60,477 | 58,014 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 57,536 | |
| Operating lease, lease income | 73,892 | 67,561 | 62,176 | 61,662 | 60,012 | ✕ | ||
| Cost of revenue | (13,366) | (18,595) | (16,541) | (14,548) | (14,874) | (14,730) | ||
| Cost of goods and services sold | (13,366) | (11,271) | (10,069) | (8,782) | (9,192) | (9,188) | ||
| Other cost of operating revenue | (7,325) | (6,471) | (5,766) | (5,682) | (5,543) | |||
| Gross profit: | 61,115 | 49,698 | 46,098 | 47,555 | 45,603 | 43,284 | ||
| Operating expenses | ||||||||
| Other undisclosed operating loss | (42,300) | (31,610) | (31,855) | (32,586) | (28,332) | (28,365) | ||
| Operating income: | 18,815 | 18,088 | 14,243 | 14,969 | 17,272 | 14,918 | ||
| Nonoperating expense | (10,361) | (14,365) | (16,943) | (13,545) | (10,725) | (10,749) | ||
| Investment income, nonoperating | 4,487 | 1,055 | (2,746) | 0 | (201) | 0 | ||
| Interest and debt expense | (15,724) | (15,045) | (13,629) | (13,705) | (12,202) | (12,390) | ||
| Loss from continuing operations before equity method investments, income taxes: | (7,270) | (11,322) | (16,330) | (12,281) | (5,655) | (8,221) | ||
| Income (loss) from equity method investments | (567) | 161 | ||||||
| Loss from continuing operations: | (7,270) | (11,322) | (16,897) | (12,120) | (5,655) | (8,221) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (16,897) | (12,120) | (5,655) | (8,221) | |
| Other undisclosed net income | 15,724 | 15,045 | 14,197 | 13,545 | 12,202 | 12,390 | ||
| Net income (loss): | 8,454 | 3,723 | (2,700) | 1,425 | 6,547 | 4,169 | ||
| Other undisclosed net income attributable to parent | ||||||||
| Net income (loss) available to common stockholders, diluted: | 8,454 | 3,723 | (2,700) | 1,425 | 6,547 | 4,169 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 8,454 | 3,723 | (2,700) | 1,425 | 6,547 | 4,169 | ||
| Comprehensive income (loss): | 8,454 | 3,723 | (2,700) | 1,425 | 6,547 | 4,169 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (59) | 295 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 8,395 | 4,018 | (2,700) | 1,425 | 6,547 | 4,169 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.