$NEN
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

2020 Q3 Form 10-Q Financial Statement

#000155837020013129 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $15.14M $15.16M
YoY Change -0.09% 4.2%
Cost Of Revenue $6.192M $6.129M
YoY Change 1.02% -1.65%
Gross Profit $8.950M $9.026M
YoY Change -0.84% 8.58%
Gross Profit Margin 59.11% 59.56%
Selling, General & Admin $1.110M $1.222M
YoY Change -9.2% 9.43%
% of Gross Profit 12.4% 13.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.613M $3.627M
YoY Change 27.17% -8.85%
% of Gross Profit 51.54% 40.18%
Operating Expenses $11.91M $10.98M
YoY Change 8.52% 115.39%
Operating Profit $3.228M $4.177M
YoY Change -22.73% 29.87%
Interest Expense $3.417M $3.011M
YoY Change 13.48% -217.82%
% of Operating Profit 105.88% 72.09%
Other Income/Expense, Net -$3.667M -$2.793M
YoY Change 31.29%
Pretax Income -$439.3K $1.384M
YoY Change -131.74% 109.59%
Income Tax
% Of Pretax Income
Net Earnings -$439.3K $1.384M
YoY Change -131.74% 109.59%
Net Earnings / Revenue -2.9% 9.13%
Basic Earnings Per Share
Diluted Earnings Per Share -$3.608M $11.32M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.85M $14.15M
YoY Change 19.1% 53.18%
Cash & Equivalents $16.85M $14.15M
Short-Term Investments
Other Short-Term Assets $2.187M $4.686M
YoY Change -53.33% 5.02%
Inventory
Prepaid Expenses
Receivables $1.125M $557.4K
Other Receivables $503.4K $426.3K
Total Short-Term Assets $20.66M $19.81M
YoY Change 4.28% 33.35%
LONG-TERM ASSETS
Property, Plant & Equipment $267.9M $222.4M
YoY Change 20.46% -4.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.440M $1.440M
YoY Change 0.0% -20.23%
Other Assets
YoY Change
Total Long-Term Assets $272.4M $223.9M
YoY Change 21.7% -4.79%
TOTAL ASSETS
Total Short-Term Assets $20.66M $19.81M
Total Long-Term Assets $272.4M $223.9M
Total Assets $293.1M $243.7M
YoY Change 20.28% -2.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.766M $3.758M
YoY Change 0.2% -16.86%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $17.00M $0.00
YoY Change
Long-Term Debt Due $2.443M $4.671M
YoY Change -47.7%
Total Short-Term Liabilities $23.21M $8.429M
YoY Change 175.34% 86.48%
LONG-TERM LIABILITIES
Long-Term Debt $281.5M $246.8M
YoY Change 14.04% -4.25%
Other Long-Term Liabilities $27.72M $26.58M
YoY Change 4.29% 11.88%
Total Long-Term Liabilities $309.2M $273.4M
YoY Change 13.09% -2.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.21M $8.429M
Total Long-Term Liabilities $309.2M $273.4M
Total Liabilities $332.4M $281.8M
YoY Change 17.94% -1.47%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$39.33M -$38.18M
YoY Change
Total Liabilities & Shareholders Equity $293.1M $243.7M
YoY Change 20.28% -2.53%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$439.3K $1.384M
YoY Change -131.74% 109.59%
Depreciation, Depletion And Amortization $4.613M $3.627M
YoY Change 27.17% -8.85%
Cash From Operating Activities $3.780M $3.828M
YoY Change -1.26% -54.46%
INVESTING ACTIVITIES
Capital Expenditures -$750.1K -$877.1K
YoY Change -14.48% -20.4%
Acquisitions
YoY Change
Other Investing Activities $125.0K $715.0K
YoY Change -82.52% -129.92%
Cash From Investing Activities -$625.1K -$162.1K
YoY Change 285.63% -95.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.703M -2.111M
YoY Change -19.34% -62.15%
NET CHANGE
Cash From Operating Activities 3.780M 3.828M
Cash From Investing Activities -625.1K -162.1K
Cash From Financing Activities -1.703M -2.111M
Net Change In Cash 1.452M 1.555M
YoY Change -6.62% -334.14%
FREE CASH FLOW
Cash From Operating Activities $3.780M $3.828M
Capital Expenditures -$750.1K -$877.1K
Free Cash Flow $4.530M $4.705M
YoY Change -3.73% -50.52%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
02134
dei City Area Code
CityAreaCode
617
dei Local Phone Number
LocalPhoneNumber
783-0039
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-31568
dei Entity Registrant Name
EntityRegistrantName
New England Realty Associates Limited Partnership
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MA
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
04-2619298
dei Entity Address Address Line1
EntityAddressAddressLine1
39 Brighton Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Allston
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020Q3 us-gaap Secured Debt
SecuredDebt
283927890
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0
dei Entity Central Index Key
EntityCentralIndexKey
0000746514
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Security12b Title
Security12bTitle
Class A
dei Trading Symbol
TradingSymbol
NEN
dei Security Exchange Name
SecurityExchangeName
NYSE
CY2020Q3 us-gaap Rental Properties
RentalProperties
267905211
CY2019Q4 us-gaap Rental Properties
RentalProperties
278363988
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16847883
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7546324
CY2020Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
1124853
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
484610
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330066
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
44693574
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95620
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
117226
CY2020Q3 us-gaap Escrow Deposit
EscrowDeposit
503431
CY2019Q4 us-gaap Escrow Deposit
EscrowDeposit
446781
CY2020Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5265952
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
6021544
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
1439697
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1430402
CY2020Q3 us-gaap Assets
Assets
293087027
CY2019Q4 us-gaap Assets
Assets
294293649
CY2020Q3 us-gaap Secured Debt
SecuredDebt
283927890
CY2019Q4 us-gaap Secured Debt
SecuredDebt
281771246
CY2020Q3 us-gaap Notes Payable
NotesPayable
17000000
CY2019Q4 us-gaap Notes Payable
NotesPayable
18000000
CY2020Q3 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
20505288
CY2019Q4 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
19970089
CY2020Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
3765731
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4274266
CY2020Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
7218279
CY2019Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
8101835
CY2020Q3 us-gaap Liabilities
Liabilities
332417188
CY2019Q4 us-gaap Liabilities
Liabilities
332117436
CY2020Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2019Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121978
CY2020Q3 us-gaap Partners Capital
PartnersCapital
-39330161
CY2019Q4 us-gaap Partners Capital
PartnersCapital
-37823787
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
293087027
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
294293649
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15046646
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15038675
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
46946889
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
335875
CY2020Q3 us-gaap Revenues
Revenues
15142266
CY2019Q3 us-gaap Revenues
Revenues
15155901
us-gaap Revenues
Revenues
47276955
us-gaap Revenues
Revenues
45029449
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
511812
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
622459
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1608664
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1861397
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4612713
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3627142
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13779797
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10900060
CY2020Q3 nen Management Fees
ManagementFees
598111
CY2019Q3 nen Management Fees
ManagementFees
599864
nen Management Fees
ManagementFees
1862645
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-249583
nen Management Fees
ManagementFees
1787670
CY2020Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1228750
CY2019Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1111613
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
4188934
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
4121444
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
332157
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
348896
us-gaap Operating Lease Expense
OperatingLeaseExpense
657636
us-gaap Operating Lease Expense
OperatingLeaseExpense
773470
CY2020Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2524050
CY2019Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2654769
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
6659443
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
6886313
CY2020Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2107037
CY2019Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2014141
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
6503299
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
5991245
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
11914630
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
10978884
us-gaap Costs And Expenses
CostsAndExpenses
35260418
us-gaap Costs And Expenses
CostsAndExpenses
32321599
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3227636
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4177017
us-gaap Operating Income Loss
OperatingIncomeLoss
12016537
us-gaap Operating Income Loss
OperatingIncomeLoss
12707850
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
11
CY2019Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
66
us-gaap Investment Income Interest
InvestmentIncomeInterest
171
us-gaap Investment Income Interest
InvestmentIncomeInterest
335
CY2020Q3 us-gaap Interest Expense
InterestExpense
3417348
CY2019Q3 us-gaap Interest Expense
InterestExpense
3011347
us-gaap Interest Expense
InterestExpense
10291255
us-gaap Interest Expense
InterestExpense
9145075
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
224993
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
669098
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1287339
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6750
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-201710
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3666920
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2793038
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9621986
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8059111
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-439284
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1383979
us-gaap Net Income Loss
NetIncomeLoss
2394551
us-gaap Net Income Loss
NetIncomeLoss
4648739
CY2020Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-3.61
CY2019Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
11.32
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
19.66
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1734831
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
37.93
CY2020Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121756
CY2019Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
122298
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121796
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
122572
CY2018Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
124386
CY2018Q4 us-gaap Partners Capital
PartnersCapital
-35624010
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
3525701
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
2205
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
3680570
us-gaap Net Income Loss
NetIncomeLoss
4648739
CY2019Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
122181
CY2019Q3 us-gaap Partners Capital
PartnersCapital
-38181542
CY2019Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121978
CY2019Q4 us-gaap Partners Capital
PartnersCapital
-37823787
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
3506894
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
222
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
394031
us-gaap Net Income Loss
NetIncomeLoss
2394551
CY2020Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2020Q3 us-gaap Partners Capital
PartnersCapital
-39330161
us-gaap Profit Loss
ProfitLoss
2394551
us-gaap Profit Loss
ProfitLoss
4648739
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13779797
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10900060
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
179795
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
281848
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
669098
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1287339
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1094588
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
255240
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
20000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
975000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49694
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-508534
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-169704
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
56650
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
-69574
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
311297
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
672463
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-883556
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
788204
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
10910214
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
11090726
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13304765
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15739465
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1186732
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2326073
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
11732
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
33073
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
2254130
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
2593079
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1079130
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-300079
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
136326
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
235147
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
3781877
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
679000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
2000000
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1668702
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1591251
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
394031
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
3680570
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
3506894
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
3525701
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2924076
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10353669
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9301559
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5085717
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7546324
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9059901
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16847883
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14145618
CY2020Q3 nen Equity Method Investments Amount To Discontinue Applying Equity Method For Investment
EquityMethodInvestmentsAmountToDiscontinueApplyingEquityMethodForInvestment
0
nen Period For Which Arrears Of Rent Charged Against Income
PeriodForWhichArrearsOfRentChargedAgainstIncome
P60D
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
180000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
282000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
nen Number Single Tenants Greater Than Five Percent Partnership Revenue
NumberSingleTenantsGreaterThanFivePercentPartnershipRevenue
5
CY2020Q3 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
16492000
CY2019Q4 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
7407000
us-gaap Advertising Expense
AdvertisingExpense
257433
us-gaap Advertising Expense
AdvertisingExpense
211184
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><i style="font-style:italic;">Reclassifications:</i><span style="white-space:pre-wrap;"> Certain reclassifications have been made to prior period amounts in order to conform to current period presentation.</span></p>
CY2020Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
400798833
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
398554000
CY2020Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
132893622
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
120190012
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
267905211
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
278363988
nen Related Party Transaction Management Fee As Percentage Of Property Rental Revenue And Laundry Income
RelatedPartyTransactionManagementFeeAsPercentageOfPropertyRentalRevenueAndLaundryIncome
0.04
nen Related Party Transaction Management Fee As Percentage Of Linewt
RelatedPartyTransactionManagementFeeAsPercentageOfLinewt
0.03
nen Related Party Transaction Management Fee
RelatedPartyTransactionManagementFee
1863000
nen Related Party Transaction Management Fee
RelatedPartyTransactionManagementFee
1788000
nen Investments In Number Of Limited Partnerships And Limited Liability Companies
InvestmentsInNumberOfLimitedPartnershipsAndLimitedLiabilityCompanies
7
CY2020Q3 us-gaap Security Deposit
SecurityDeposit
2696000
CY2019Q4 us-gaap Security Deposit
SecurityDeposit
2936000
CY2020Q3 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
921000
CY2019Q4 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
501000
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
383000
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1177000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1382000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
178000
CY2020Q3 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
4000
CY2019Q4 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
36000
CY2020Q3 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
125000
CY2019Q4 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
93000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
2443000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
2569000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
102651000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
10935000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
3260000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
163475000
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
285333000
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1405000
nen Line Of Credit Facility Unused Capacity Commitment Fee
LineOfCreditFacilityUnusedCapacityCommitmentFee
9000
nen Period For Which Rent To Be Paid In Advance By Tenant
PeriodForWhichRentToBePaidInAdvanceByTenant
P1M
CY2020Q3 nen Prepaid Rent Received Included In Cash And Cash Equivalents
PrepaidRentReceivedIncludedInCashAndCashEquivalents
1924000
CY2020Q3 nen Security Deposit Included In Restricted Cash
SecurityDepositIncludedInRestrictedCash
2696000
CY2020Q1 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2020Q1 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
CY2020Q2 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2020Q2 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
CY2020Q3 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2020Q3 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
CY2019Q1 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
9.60
CY2019Q2 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
9.60
CY2019Q3 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
9.60
CY2019Q4 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
9.60
CY2019Q1 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
CY2019Q2 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
CY2019Q3 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
CY2019Q4 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
nen Depositary Receipts Exhange Ratio For Class Units
DepositaryReceiptsExhangeRatioForClassUnits
30
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1616000
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1230000
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
646000
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
199000
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
0.66
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
1.26
CY2020Q3 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
0.96
CY2019Q3 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
0.96
CY2020Q3 nen Partners Capital Account Treasury Units Issued
PartnersCapitalAccountTreasuryUnitsIssued
58469
CY2007Q3 nen Partners Capital Account Period For Repurchase Of Depository Receipts
PartnersCapitalAccountPeriodForRepurchaseOfDepositoryReceipts
P12M
CY2007Q3 nen Partners Capital Account Depository Receipts Treasury Receipts Authorized To Be Repurchased
PartnersCapitalAccountDepositoryReceiptsTreasuryReceiptsAuthorizedToBeRepurchased
300000
CY2008Q1 nen Partners Capital Account Depository Receipts Treasury Receipts Authorized To Be Repurchased
PartnersCapitalAccountDepositoryReceiptsTreasuryReceiptsAuthorizedToBeRepurchased
1500000
CY2015Q1 nen Partners Capital Account Depository Receipts Treasury Receipts Authorized To Be Repurchased
PartnersCapitalAccountDepositoryReceiptsTreasuryReceiptsAuthorizedToBeRepurchased
2000000
CY2015Q1 nen Partners Capital Account Period For Repurchase Of Depository Receipts
PartnersCapitalAccountPeriodForRepurchaseOfDepositoryReceipts
P5Y
CY2007Q3 nen Partners Capital Account Depository Receipts Treasury
PartnersCapitalAccountDepositoryReceiptsTreasury
1428437
CY2007Q3 nen Partners Capital Account Depository Receipts Treasury
PartnersCapitalAccountDepositoryReceiptsTreasury
1428437
CY2007Q4 nen Partners Capital Account Depository Receipts Treasury
PartnersCapitalAccountDepositoryReceiptsTreasury
1428437
nen Partners Capital Account Depository Receipts Treasury
PartnersCapitalAccountDepositoryReceiptsTreasury
1428437
nen Partners Capital Account Depository Receipts Treasury
PartnersCapitalAccountDepositoryReceiptsTreasury
1428437
nen Partners Capital Account Depository Receipts Treasury Average Repurchase Price Per Depository Receipt
PartnersCapitalAccountDepositoryReceiptsTreasuryAverageRepurchasePricePerDepositoryReceipt
28.43
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
44718000
nen Operating Leases Percentage Of Rental Income Related To Residential Property And Condominium Units
OperatingLeasesPercentageOfRentalIncomeRelatedToResidentialPropertyAndCondominiumUnits
0.95
nen Operating Leases Noncancelable Maximum Lease Term
OperatingLeasesNoncancelableMaximumLeaseTerm
P1Y
nen Operating Leases Percentage Of Rental Income Related To Commercial Property
OperatingLeasesPercentageOfRentalIncomeRelatedToCommercialProperty
0.05
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2480000
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
547000
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
6718000
us-gaap Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
383000
us-gaap Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
450000
nen Non Cash Financing Activity Related To Acquisition
NonCashFinancingActivityRelatedToAcquisition
2393000
nen Operating Leases Annual Base Rent For Expiring Leases
OperatingLeasesAnnualBaseRentForExpiringLeases
2813955
nen Operating Leases Square Feet For Expiring Leases
OperatingLeasesSquareFeetForExpiringLeases
108154
nen Operating Leases Number Of Leases Expiring
OperatingLeasesNumberOfLeasesExpiring
49
nen Operating Leases Percentage Of Annual Base Rent For Expiring Leases
OperatingLeasesPercentageOfAnnualBaseRentForExpiringLeases
1
CY2020Q3 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
1095000
CY2019Q4 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
240000
CY2020Q3 nen Operating Leases Rental Income With Future Rental Increases
OperatingLeasesRentalIncomeWithFutureRentalIncreases
96000
CY2020Q3 nen Operating Leases Deferral Of Rental Concession
OperatingLeasesDeferralOfRentalConcession
351000
us-gaap Interest Paid
InterestPaid
9973000
us-gaap Interest Paid
InterestPaid
8893000
us-gaap Income Taxes Paid
IncomeTaxesPaid
82000
us-gaap Income Taxes Paid
IncomeTaxesPaid
77000
CY2020Q3 us-gaap Secured Debt
SecuredDebt
283927890
CY2020Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
308211420
CY2019Q4 us-gaap Secured Debt
SecuredDebt
281771246
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
290892652
CY2019 nen Taxable Income Loss
TaxableIncomeLoss
2039000
CY2019 nen Income Tax Difference Between Statement Income And Taxable Income
IncomeTaxDifferenceBetweenStatementIncomeAndTaxableIncome
4508000
CY2019Q4 nen Income Tax Excess Of Real Estate Statement Basis Over Real Estate Income Tax Basis
IncomeTaxExcessOfRealEstateStatementBasisOverRealEstateIncomeTaxBasis
5311000
CY2019 nen Income Tax Excess Of Investments Statement Basis Over Investments Taxable Basis
IncomeTaxExcessOfInvestmentsStatementBasisOverInvestmentsTaxableBasis
1688000
CY2016Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
5158000
CY2020Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0391
CY2020Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0398
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.90
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
nen Defined Contribution Plan Employee Contributions Vesting Percentage
DefinedContributionPlanEmployeeContributionsVestingPercentage
1
nen Years Of Service Needed For Vesting To Begin
YearsOfServiceNeededForVestingToBegin
P2Y
us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.20
nen Years Of Service Needed To Fully Vest In Employer Contributions
YearsOfServiceNeededToFullyVestInEmployerContributions
P6Y
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
33000

Files In Submission

Name View Source Status
0001558370-20-013129-index-headers.html Edgar Link pending
0001558370-20-013129-index.html Edgar Link pending
0001558370-20-013129.txt Edgar Link pending
0001558370-20-013129-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nen-20200930.xsd Edgar Link pending
nen-20200930x10q.htm Edgar Link pending
nen-20200930x10q_htm.xml Edgar Link completed
nen-20200930xex31d1.htm Edgar Link pending
nen-20200930xex31d2.htm Edgar Link pending
nen-20200930xex32d1.htm Edgar Link pending
nen-20200930_cal.xml Edgar Link unprocessable
nen-20200930_def.xml Edgar Link unprocessable
nen-20200930_lab.xml Edgar Link unprocessable
nen-20200930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending