Bedrijfsoverzicht
New England Realty Associates Limited Partnership is a limited partnership that specializes in the acquisition, development, holding, operation, and sale of real estate properties throughout the United States. The entity actively manages a portfolio comprising various residential buildings as well as mixed-use assets that combine residential, retail, and office space. Operating within the Real Estate sector and specifically the Real Estate Services industry, the company functions as an intermediate holding company for a diversified property portfolio. With a market capitalization of $207.82M and annual revenue of $90.67M, the firm represents a mid-sized player in the commercial real estate landscape. The market capitalization figure indicates that the company holds a moderate position in the market, reflecting investor confidence in its ability to generate consistent cash flows from its property holdings without yet reaching the scale of large-cap REITs.
Financiële gezondheid
The company reported revenue of $90.67M over the trailing twelve months, generating a net income of $6.03M and an EBITDA of $46.49M during the same period. The significant gap between the revenue figure and the net income reveals a cost structure where operating expenses, taxes, and interest charges consume a substantial portion of top-line earnings, leaving a profit margin of only 6.7%. The business maintains a healthy gross margin of 67.6%, which indicates strong pricing power and efficient cost of goods sold relative to sales, while the operating margin of 17.4% demonstrates the effectiveness of management in controlling overhead costs. Profitability is further confirmed by a net profit margin of 6.7%, suggesting that for every dollar of revenue, the company retains roughly seven cents after all expenses are paid. Free cash flow stands at $23.55M, providing the company with significant financial flexibility to service debt obligations, fund property acquisitions, or invest in maintenance and upgrades without relying on external financing. Regarding liquidity, the firm holds $26.88M in cash against total debt of $527.60M, resulting in a highly leveraged balance sheet that requires consistent cash flow to manage. The debt-to-equity ratio is not disclosed in the available data, but the current ratio of 0.86 indicates that current assets are slightly lower than current liabilities, suggesting potential short-term liquidity pressure. Return on Assets is recorded at 3.2%, which measures how efficiently the company utilizes its asset base to generate profits, while Return on Equity is not available for analysis.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is 34.80, whereas the forward P/E ratio is not available, implying that analysts may have limited visibility into future earnings growth or that the market is pricing in current earnings stability rather than anticipated acceleration. The price-to-book ratio stands at -2.83, a negative figure that typically suggests the company's liabilities exceed its shareholders' equity, indicating that the market values the firm below its accounting book value. Alternative valuation metrics include a price-to-sales ratio of 2.29 and an EV/EBITDA of 10.90, which suggest that investors are willing to pay a premium for the company's sales and earnings power despite the leverage present in the capital structure. The stock has traded between a 52-week low of $56.00 and a 52-week high of $80.01, placing the current trading price somewhere within this established volatility range. The beta value of 0.17 indicates that the stock exhibits very low price volatility relative to the broader market, moving less than a tenth of the magnitude of the overall market index during periods of fluctuation.
Growth & Income
Revenue growth year-over-year is recorded at 15.9%, demonstrating a robust expansion in top-line sales, while earnings growth year-over-year is not available for direct comparison. The absence of a specific earnings growth rate makes it difficult to determine if earnings are growing faster or slower than revenue, but the strong revenue expansion suggests underlying demand for the company's real estate services. As a dividend payer, the company offers a dividend yield of 2.7% with a payout ratio of 93.7%, which indicates that nearly all net income is distributed to shareholders rather than being retained for reinvestment. This high payout ratio suggests that the company is prioritizing current income distribution for investors, though it leaves little room for error if earnings were to decline. The overall growth and income profile is characterized by strong top-line expansion paired with a high-yield dividend strategy that appeals to income-focused investors.