Added to YB: 2026-05-13
Pitch date: 2026-05-11
NEN [bullish]
New England Realty Associates Limited Partnership
-0.63%
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
$209.2M
Pitch Price
$59.38
Price Target
124.00 (+110%)
Dividend
N/A
EV/EBITDA
15.52
P/E
-125.36
EV/Sales
7.55
Sector
Real Estate Management and Development
Category
value
New England Realty Associates Limited Partnership - $NEN
NEN: Class B Boston apartments trading at 7.4% cap rate vs 5-6% market comps. At 6% cap, shares worth ~$124 vs $60 current. 10% FCF yield on equity. $55M trailing NOI, $740M EV ($170M mkt cap + $570M net debt). 3,339 apt units + 145K sq ft commercial in Eastern MA/Southern NH. 10% CAGR since 1988. Brown family majority owner provides alignment. Margin of safety w/ growth potential.
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