New England Realty Associates Limited Partnership (NEN) reported a dip in its stock price by 0.7% following its earnings announcement for the quarter ending June 30, 2025. In contrast, the S&P 500 index saw a growth of 1.7% during the same period. For Q2 2025, NERA’s earnings per share reached $35.59, up from $34.77 a year prior, while revenues increased by 5.9% to $21.2 million.
Net income was reported at $4.2 million, showing a slight increase of 1.9% compared to $4.1 million last year. The company noted a 6% rise in rental income, which totaled $21 million. However, commercial property vacancy rates have increased to 4.6% from 1% the previous year. Management expects a slowing rental market for the remainder of 2025.
On June 18, 2025, NERA completed the acquisition of Hill Estates in Belmont, MA, for $172 million, alongside other commercial properties for $3 million. The acquisitions were financed through various means, including a $40 million draw on its credit facility and a $67.5 million interim mortgage loan.
