New England Realty Associates Limited Partnership (NEN) reported a significant net loss of $1.4 million for the fourth quarter of 2025, down from a net income of $4.2 million the previous year. The loss translates to $11.89 per share, compared to earnings of $36.11 per share in Q4 2024. Total revenues increased to $23.6 million, up from $20.4 million, but rising expenses surged to $20.3 million, leading to a 61.5% decline in annual net income to approximately $6 million.
For the full year, the company’s total revenue was approximately $89.2 million, marking a 10.8% increase year-over-year. However, operating expenses rose by 23%, driven by higher costs and interest expenses, which increased by 20.2% to $18.6 million. Residential vacancy rates also deteriorated, rising to 4.4% as of February 1, 2026, compared to 2.3% a year earlier, reflecting challenges in the rental market.
