Last $46.78 USD
Change Today -0.62 / -1.31%
Volume 2.0K
NEN On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 4:15 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

new england realty assoc-lp (NEN) Snapshot

Open
$47.35
Previous Close
$47.40
Day High
$47.35
Day Low
$46.55
52 Week High
06/4/14 - $51.88
52 Week Low
10/25/13 - $43.00
Market Cap
146.2M
Average Volume 10 Days
1.2K
EPS TTM
$4.12
Shares Outstanding
3.1M
EX-Date
09/12/14
P/E TM
11.4x
Dividend
$1.00
Dividend Yield
2.14%
Current Stock Chart for NEW ENGLAND REALTY ASSOC-LP (NEN)

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new england realty assoc-lp (NEN) Details

New England Realty Associates Limited Partnership is engaged in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartment buildings, condominium units, and commercial properties located in Massachusetts and New Hampshire. As of February 1, 2014, the company owned 2,412 residential apartment units in 20 residential and mixed-use complexes, and 19 condominium units in a residential condominium complex located primarily in the metropolitan Boston area of Massachusetts. It also owned a commercial shopping center in Framingham; 1 commercial building each in Newton and Brookline; commercial space in mixed-use buildings in Boston, Brockton, and Newton; and 40% to 50% ownership interest in 9 residential and mixed use complexes with a total of 798 units, 1 commercial unit, and 1 parking lot. NewReal, Inc. serves as the general partner of the company. New England Realty Associates Limited Partnership was founded in 1977 and is based in Allston, Massachusetts.

Founded in 1977

new england realty assoc-lp (NEN) Top Compensated Officers

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Executives, Board Directors

new england realty assoc-lp (NEN) Key Developments

New England Realty Associates Limited Partnership Enters into Credit Agreement with KeyBank National Association

On July 31, 2014, New England Realty Associates Limited Partnership entered into an Credit Agreement with KeyBank National Association, as administrative agent, and the lenders party thereto. The Credit Agreement provides for borrowings under a $25 million three year revolving credit facility with a $5 million sublimit for standby letters of credit. Proceeds from the Revolving Credit Facility may be used for working capital, capital expenditures and other lawful purposes including acquisitions, but may not be used for repurchases of the Company's securities. As of August 6, 2014, the outstanding principal balance under the Revolving Credit Facility was $0. The Revolving Credit Facility matures on July 31, 2017, unless terminated earlier in accordance with its terms. Borrowings under the Revolving Credit Facility will bear interest at rates equal to (i) a LIBOR rate plus 350 basis points (a LIBOR Rate Loan) or (ii) the higher of (a) the prime rate plus 250 basis points; (b) the federal funds rate plus 0.50% per annum and (c) the LIBOR rate for an interest period of 1 month plus 1.0% per annum (a Base Rate Loan). In each case the interest rate increases upon an event of default.

New England Realty Associates Limited Partnership Declares Distribution, Payable on June 30, 2014

On June 30, 2014, New England Realty Associates Limited Partnership will make a distribution to its class A Limited Partners and holders of depositary receipts of record as of June 16, 2014. The quarterly distribution per class A limited partnership unit will be $7.50 per unit. The quarterly distribution per depositary receipt will be $0.25 (taking into consideration for the 3-for-1 forward split of depositary receipts that was completed on January 3, 2012 [the stock split]).

New England Realty Associates LP announced delayed annual 10-K filing

On 03/18/2014, New England Realty Associates LP announced that they will be unable to file their next 10-K by the deadline required by the SEC.

 

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Valuation NEN Industry Range
Price/Earnings 100.0x
Price/Sales 4.5x
Price/Book NM Not Meaningful
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful
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