Added to YB: 2025-10-30
Pitch date: 2025-10-27
NEN [bullish]
New England Realty Associates Limited Partnership
-7.16%
current return
Author Info
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Company Info
New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling of real estate properties in the United States.
Market Cap
$244.5M
Pitch Price
$69.58
Price Target
N/A
Dividend
6.86%
EV/EBITDA
16.11
P/E
21.04
EV/Sales
8.49
Sector
Real Estate Management and Development
Category
value
New England Realty Associates - NYSE:NEN
NEN: Boston-area multifamily REIT w/ 3,411 units at 7.5% cap rate vs 5.5-6% market. $60M NOI target, trades 50% below $500K replacement cost. Conservative 4.2% debt rate, 90%+ occupancy. Brown family 50%+ ownership. Catalysts: buybacks, REIT conversion, takeover. Risk: rate refinancing.
Read full article (7 min)