Added to YB: 2025-03-26
Pitch date: 2025-03-25
NEN [bullish]
New England Realty Associates Limited Partnership
Author Info
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Company Info
New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States.
Market Cap
$274.5M
Pitch Price
$77.05
Price Target
163.80 (+113%)
Dividend
6.12%
Sector
Real Estate Management and Development
Category
value
New England Realty Associates Limited Partnership ($NEN)
NEN: Boston-focused MLP with 31 properties (3015 apts, 131k sqft commercial). Trading at 7.7% cap rate, $195K/unit, 10% FCF yield. Undervalued vs 5% market cap rates, $300-375K/unit comps. 100%+ upside potential. Strong balance sheet, $100M+ cash, 6% dividend. Low occupancy, consistent rent growth in supply-constrained market. Brown family control.
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