New England Realty Associates Q1 2025: $405M Cash, Key Mortgages Detailed
Ticker: NEN · Form: 10-Q · Filed: May 9, 2025 · CIK: 746514
| Field | Detail |
|---|---|
| Company | New England Realty Associates Limited Partnership (NEN) |
| Form Type | 10-Q |
| Filed Date | May 9, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: real-estate, debt, financials, mortgage
TL;DR
**NERLP holds $405M cash, but has significant mortgage debt. Watch those interest rates!**
AI Summary
New England Realty Associates Limited Partnership filed a 10-Q for the period ending March 31, 2025. The company reported cash and cash equivalents of $405,484,379. The filing also details various mortgage liabilities, including a specific mortgage of $124,795,360 related to nen:HamiltonEssex81LLCMember and another for $172,254,789.
Why It Matters
This filing provides a snapshot of the company's financial health, including its significant cash reserves and outstanding debt obligations, which are crucial for investors and creditors to assess risk and potential returns.
Risk Assessment
Risk Level: medium — The company holds substantial cash but also significant mortgage debt, making it sensitive to interest rate fluctuations and real estate market conditions.
Key Numbers
- $405.48B — Cash and Cash Equivalents (As of March 31, 2025, indicating strong liquidity.)
- $124.80M — Mortgage Liability (Associated with nen:HamiltonEssex81LLCMember as of March 31, 2025.)
- $172.25M — Mortgage Liability (Associated with nen:Franklin345LLCMember as of March 31, 2025.)
Key Players & Entities
- NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (company) — Filer
- 0000746514 (company) — Central Index Key
- MA (location) — State of Incorporation
- 02134 (location) — Business ZIP Code
- 6177830039 (phone_number) — Business Phone
- 405484379 (dollar_amount) — Cash and Cash Equivalents
- 124795360 (dollar_amount) — Mortgage Liability (Hamilton Essex 81 LLC)
- 172254789 (dollar_amount) — Mortgage Liability (Franklin 345 LLC)
- nen:HamiltonEssex81LLCMember (company) — Related Entity for Mortgage
- nen:Franklin345LLCMember (company) — Related Entity for Mortgage
FAQ
What is the total reported mortgage debt for New England Realty Associates Limited Partnership as of March 31, 2025?
The filing indicates specific mortgage liabilities of $124,795,360 for nen:HamiltonEssex81LLCMember and $172,254,789 for nen:Franklin345LLCMember, among others not fully detailed in the provided snippet.
What was the company's cash and cash equivalents balance on March 31, 2025?
The company reported $405,484,379 in cash and cash equivalents as of March 31, 2025.
What is the interest rate associated with the nen:Franklin345LLCMember mortgage?
The filing mentions 'nen:Mortgage3.87PercentJune2013Member' in relation to nen:Franklin345LLCMember, suggesting a 3.87% interest rate.
What is the SIC code for New England Realty Associates Limited Partnership?
The Standard Industrial Classification (SIC) code for the company is 6513, which corresponds to Operators of Apartment Buildings.
What is the Secured Overnight Financing Rate (SOFR) mentioned in the filing?
The filing notes a SOFR rate of 0.10%.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 9, 2025 regarding NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN).