Ownership / New England Realty Associates Limited Partnership | Tables in SEC filings

NEN New England Realty Associates Limited Partnership

Quarterly report


	Nine Months Ended September 30,
	2024		2023
Cash Flows from Operating Activities
Net Income	$	11,445,720	$	6,154,568
Adjustments to reconcile net income to net cash provided by operating activities
Interest accrued on U.S. Treasury bills		(3,362,372)		(3,184,707)
Depreciation and amortization		12,729,275		12,234,394
Amortization of deferred finance costs		284,838		284,838
(Income) from investments in joint ventures		(909,207)		(496,092)
Change in operating assets and liabilities
Proceeds from unconsolidated joint ventures		102,500		114,000
(Increase) in rents receivable		(681)		(273,506)
Increase (Decrease) in accounts payable and accrued expense		677,850		(1,730,301)
(Increase) in real estate tax escrow		(272,103)		(259,056)
(Increase) in prepaid expenses and other assets		(553,922)		(218,994)
(Decrease) Increase in advance rental payments and security deposits		(176,020)		605,886
Total Adjustments		8,520,158		7,076,462
Net cash provided by operating activities		19,965,878		13,231,030
Cash Flows From Investing Activities
Distribution in excess of investment in unconsolidated joint ventures		3,870,000		2,919,500
Investment in U.S. Treasury bills		(138,877,950)		(146,851,429)
Proceeds from U.S. Treasury bills		140,807,000		155,000,000
Developing of rental property and other related costs		(7,961,579)		—
Purchase of rental property		—		(37,518,172)
Improvement of rental properties		(7,407,648)		(6,999,603)
Net cash (used in) investing activities		(9,570,177)		(33,449,704)
Cash Flows from Financing Activities
Principal payments of mortgage notes payable		(2,098,252)		(1,997,909)
Stock buyback		(1,613,829)		(2,657,477)
Distributions to partners		(9,844,390)		(8,545,265)
Net cash (used in) financing activities		(13,556,471)		(13,200,651)
Net (Decrease) in Cash and Cash Equivalents		(3,160,770)		(33,419,325)
Cash and Cash Equivalents, at beginning of period		18,230,463		49,560,723
Cash and Cash Equivalents, at end of period	$	15,069,693	$	16,141,398


	Units						Partner’s Capital
	Limited		General		Treasury		Limited				General		Accumulated
	Class A	Class B	Partnership	Subtotal	Units	Total	Class A		Class B		Partnership		Comprehensive Income	Total
Balance January 1, 2023	144,180	34,243	1,802	180,225	60,970	119,255	$	(48,160,462)		(11,403,635)		(600,191)	294,931	$	(59,869,357)
Distribution to Partners	—	—	—	—	—	—		(6,836,212)		(1,623,600)		(85,453)	—		(8,545,265)
Stock Buyback	—	—	—	—	1,218	(1,218)		(2,127,260)		(503,707)		(26,510)	—		(2,657,477)
Net Income	—	—	—	—	—	—		4,923,654		1,169,368		61,546	—		6,154,568
Net unrealized gain on derivative instruments for interest rate swaps	—	—	—	—	—	—		—		—		—	265,347		265,347
Balance September 30 , 2023	144,180	34,243	1,802	180,225	62,188	118,037	$	(52,200,280)	$	(12,361,574)	$	(650,608)	560,278	$	(64,652,184)
													—
Balance January 1, 2024	144,180	34,243	1,802	180,225	62,794	117,431	$	(52,503,128)		(12,433,251)		(654,383)	236,377		(65,354,385)
Distribution to Partners	—	—	—	—	—	—		(7,875,512)		(1,870,434)		(98,444)	—		(9,844,390)
Stock Buyback	—	—	—	—	732	(732)		(1,291,593)		(306,124)		(16,112)	—		(1,613,829)
Net Income	—	—	—	—	—	—		9,156,576		2,174,687		114,457	—		11,445,720
Net unrealized loss on derivative instruments for interest rate swaps	—	—	—	—	—	—		—		—		—	(93,722)		(93,722)
Balance September 30, 2024	144,180	34,243	1,802	180,225	63,526	116,699	$	(52,513,657)		(12,435,122)		(654,482)	142,655		(65,460,606)


2025—current maturities	$	3,399,000
2026		25,217,000
2027		3,216,000
2028		52,323,000
2029		28,556,000
Thereafter		296,630,000
		409,341,000
Less: unamortized deferred financing costs		2,494,000
	$	406,847,000


	Nine Months Ended
	September 30,
	2024		2023
Net Income per Depositary Receipt	$	3.26	$	1.73
Distributions per Depositary Receipt	$	2.80	$	2.40


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Net income	$	3,909,398	$	2,175,226	$	11,445,720	$	6,154,568
Net unrealized (loss) gain on derivative instruments for interest rate swaps		(268,280)		263,232		(93,722)		265,347
Comprehensive income	$	3,641,118	$	2,438,458	$	11,351,998	$	6,419,915

Table search / Ownership / New England Realty Associates Limited Partnership

96 results

Top filers

Top filing types

Recent filing years