New England Realty Associates (NEN)
Operator of Greater Boston apartments and mixed-use properties via publicly traded depositary receipts.
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Operates and develops a Greater Boston-centered portfolio of rental apartments, mixed-use buildings and limited commercial property, earning nearly all revenue from rent through a partnership whose properties are externally managed by an affiliated company and publicly traded as depositary receipts.
Owns, operates, develops and selectively sells a concentrated portfolio of apartments, mixed-use buildings and a smaller commercial-property base across Eastern Massachusetts and Southern New Hampshire, primarily metropolitan Boston. Rental income comes chiefly from residential apartments and condominium units; commercial rents and service income provide smaller contributions. Its local platform includes Hill Estates, Mill Street Gardens, Mill Street Heights and Westgate Apartments.
Relies on the affiliated Hamilton Company for property management, leasing, maintenance, construction, accounting, legal and architectural services, while NewReal, its general partner, controls management decisions. Public trading occurs through depositary receipts representing fractional Class A partnership units rather than common shares. Covered Boston assets are subject to energy-use reporting and emissions standards.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $24.75B · Total debt $526.2M · Total assets $493.9M · Shareholders' equity −$82.4M
- Revenue
- $24.4M
- Operating income
- $4.0M
- Net income
- −$1.2M
HistoryDividendAnnual yield
| Institutions | 82.29% | 94.2K shares | |
|---|---|---|---|
| 11 holders · as of Jun 30, 2026 | |||
| Other | 17.71% | 20.3K shares | |
| remainder | |||
114.4K company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (114.4K in the company's Sep 22, 2026 report, 3.49M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Caldwell Sutter Capital, Inc.Institution | 25.36% | 29,019 A | as of Jun 30, 2026 |
Susquehanna International Group, LLPInstitution | 14.51% | 16,609 A | as of Jun 30, 2026 |
Warberg Asset Management LLCInstitution | 13.19% | 15,100 A | as of Jun 30, 2026 |
LPL Financial LLCInstitution | 8.76% | 10,027 A | as of Jun 30, 2026 |
Epacria Capital Partners, LLCInstitution | 8.69% | 9,942 A | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Equity Residential
Scale apartment owner competing for Greater Boston renters and assets.
- UDR
Boston apartment operator competing for renters and multifamily assets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| New England Realty Associates | $51.50 | +0.98% | $178.2M | — | — | 1.9 | +14.9% |
| Equity Residential | $62.06 | +1.14% | $23.01B | 26.9 | 40.1 | 7.3 | +2.1% |
| UDR | $34.28 | +1.15% | $10.89B | 21.6 | 58.3 | 6.3 | −0.0% |
| Median | 24.2 | 49.2 | 6.8 | +1.0% |