New England Realty Associates Limited Partnership — Cyborg Score 6/10
Solid
Regional apartment REITs
Strategic Profile
Incorporated in 1977 and headquartered in Allston, Massachusetts, the partnership maintains a concentrated regional focus on New England residential and mixed-use properties. In 2024, NEN's revenue was $81.81 million (up 8.57% year-over-year) with earnings of $15.66 million (up 85.26%), demonstrating operational improvement and strong earnings growth.
Cyborg Score Rationale
NERA operates a stable, diversified residential real estate portfolio with consistent revenue growth and strong earnings expansion in 2024. Limited analyst coverage and narrow geographic footprint constrain upside, though the quarterly distribution model and deep operational history provide investor appeal.
Top Insights
2024 earnings surged 85.26% to $15.66 million while revenue grew 8.57% to $81.81 million, signaling operational leverage and improved margins
Portfolio spans 2,943+ apartment units and ~130,000 sq ft of commercial space across 27+ properties plus minority interests in 7 additional complexes with 688 units
Limited analyst coverage (0 analysts covering the stock per September 2025 data) suggests potential information advantage for active investors
Quarterly distribution model provides consistent income; trades on NYSE American (formerly AMEX), a smaller exchange with lower trading volumes typical of micro-cap REITs
Named Competitors
Regional Apartment REITs — Competing regional apartment operators and REITs
Private Real Estate Investors — Non-traded property owners in New England residential market
Recent Developments
(May 2025) Announced quarterly distribution to Class A Limited Partners
(March 2025) Announced quarterly distribution to Class A Limited Partners
(2024) Revenue increased 8.57% to $81.81 million; earnings increased 85.26% to $15.66 million
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