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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments49,56196,08418,6477,5469,0607,239
Cash and cash equivalents49,56196,08418,6477,5469,0607,239
Receivables573     
Total current assets:50,13496,08418,6477,5469,0607,239
Noncurrent Assets
Long-term investments and receivables1,4371,4561,4111,4301,9867,212
Long-term investments1,4371,4561,4111,4301,9867,212
Intangible assets, net (including goodwill)(1,418)(1,392)(6)(93)(50) 
Intangible assets, net (excluding goodwill)(1,418)(1,392)(6)(93)(50) 
Total noncurrent assets:19641,4051,3371,9367,212
Other undisclosed assets341,667260,728271,618285,410236,040212,356
TOTAL ASSETS:391,820356,876291,670294,294247,035226,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities451,690406,168333,139332,117282,659262,122
Total liabilities:451,690406,168333,139332,117282,659262,122
Equity
Other undisclosed equity(59,869)(49,293)(41,469)(37,824)(35,624)(35,315)
Total equity:(59,869)(49,293)(41,469)(37,824)(35,624)(35,315)
TOTAL LIABILITIES AND EQUITY:391,820356,876291,670294,294247,035226,807

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues68,29462,63862,10360,47758,01452,827
Operating leases, income statement, lease revenue57,536
Revenue, net52,827
Operating lease, lease income67,56162,17661,66260,012
Cost of revenue(18,595)(16,541)(14,548)(14,874)(14,730)(13,606)
Cost of goods and services sold(11,271)(10,069)(8,782)(9,192)(9,188)(8,379)
Other cost of operating revenue(7,325)(6,471)(5,766)(5,682)(5,543)(5,228)
Gross profit:49,69846,09847,55545,60343,28439,221
Operating expenses      
Other undisclosed operating loss(31,610)(31,855)(32,586)(28,332)(28,365)(25,076)
Operating income:18,08814,24314,96917,27214,91814,145
Nonoperating expense(14,365)(16,943)(13,545)(10,725)(10,749)(7,207)
Investment income, nonoperating1,055(2,746)0(201)01
Interest and debt expense(15,045)(13,629)(13,705)(12,202)(12,390)(11,114)
Loss from continuing operations before equity method investments, income taxes:(11,322)(16,330)(12,281)(5,655)(8,221)(4,176)
Income (loss) from equity method investments  (567)161   
Loss from continuing operations:(11,322)(16,897)(12,120)(5,655)(8,221)(4,176)
Loss before gain (loss) on sale of properties:(16,897)(12,120)(5,655)(8,221)(4,176)
Other undisclosed net income15,04514,19713,54512,20212,39011,114
Net income (loss):3,723(2,700)1,4256,5474,1696,938
Other undisclosed net income attributable to parent      
Net income (loss) available to common stockholders, diluted:3,723(2,700)1,4256,5474,1696,938

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):3,723(2,700)1,4256,5474,1696,938
Comprehensive income (loss):3,723(2,700)1,4256,5474,1696,938
Other undisclosed comprehensive income, net of tax, attributable to parent295     
Comprehensive income (loss), net of tax, attributable to parent:4,018(2,700)1,4256,5474,1696,938

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.

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