New England Realty Associates Limited Partnership (NEN) Stock
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.
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About New England Realty Associates Limited Partnership
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 headquartered in US.
New England Realty Associates Limited Partnership (NEN) stock trades at $57.98 with a market capitalization of $202.55M. The stock is valued at a price-to-earnings (P/E) ratio of -120.78, price-to-book of -2.57, price-to-sales of 2.19. Over the past 52 weeks the stock has ranged between $55.61 and $74.00, and currently trades 21.6% below its 52-week high. It pays a dividend yielding 2.76%.
On profitability, New England Realty Associates Limited Partnership generates a return on equity (ROE) of 2.30%, return on capital employed of 0.00%, an operating margin of 18.36%, a net profit margin of -1.80%.
Official website: www.thehamiltoncompany.com