$NEN
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

2021 Q2 Form 10-Q Financial Statement

#000155837021010717 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $15.45M $15.76M
YoY Change -1.98% 5.12%
Cost Of Revenue $6.140M $5.585M
YoY Change 9.94% -0.24%
Gross Profit $9.307M $10.17M
YoY Change -8.52% 8.32%
Gross Profit Margin 60.25% 64.56%
Selling, General & Admin $1.176M $1.128M
YoY Change 4.29% -7.82%
% of Gross Profit 12.64% 11.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.944M $4.602M
YoY Change -14.3% 28.17%
% of Gross Profit 42.37% 45.23%
Operating Expenses $11.26M $11.31M
YoY Change -0.48% 8.67%
Operating Profit $4.187M $4.444M
YoY Change -5.79% -2.94%
Interest Expense $3.379M $3.424M
YoY Change -1.3% 9.26%
% of Operating Profit 80.7% 77.03%
Other Income/Expense, Net -$3.617M -$2.979M
YoY Change 21.41% 5.84%
Pretax Income $569.9K $1.465M
YoY Change -61.1% -16.96%
Income Tax
% Of Pretax Income
Net Earnings $569.9K $1.465M
YoY Change -61.1% -16.96%
Net Earnings / Revenue 3.69% 9.3%
Basic Earnings Per Share
Diluted Earnings Per Share $4.680M $12.03M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.37M $15.40M
YoY Change 51.78% 22.28%
Cash & Equivalents $23.37M $15.40M
Short-Term Investments
Other Short-Term Assets $2.557M $1.496M
YoY Change 70.95% -63.51%
Inventory
Prepaid Expenses
Receivables $1.151M $1.015M
Other Receivables $566.2K $437.5K
Total Short-Term Assets $27.64M $18.34M
YoY Change 50.68% 3.39%
LONG-TERM ASSETS
Property, Plant & Equipment $258.2M $271.4M
YoY Change -4.87% 20.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.417M $1.454M
YoY Change -2.54% -9.72%
Other Assets
YoY Change
Total Long-Term Assets $262.6M $276.5M
YoY Change -5.04% 21.94%
TOTAL ASSETS
Total Short-Term Assets $27.64M $18.34M
Total Long-Term Assets $262.6M $276.5M
Total Assets $290.2M $294.8M
YoY Change -1.57% 20.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.312M $3.597M
YoY Change 19.87% -18.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $17.00M $17.00M
YoY Change 0.0%
Long-Term Debt Due $2.549M $2.357M
YoY Change 8.15% -49.45%
Total Short-Term Liabilities $23.86M $22.95M
YoY Change 3.95% 153.21%
LONG-TERM LIABILITIES
Long-Term Debt $279.9M $282.0M
YoY Change -0.76% 14.03%
Other Long-Term Liabilities $29.99M $27.56M
YoY Change 8.81% 5.62%
Total Long-Term Liabilities $309.9M $309.6M
YoY Change 0.09% 13.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.86M $22.95M
Total Long-Term Liabilities $309.9M $309.6M
Total Liabilities $333.7M $332.6M
YoY Change 0.36% 17.72%
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 -$43.53M -$37.72M
YoY Change
Total Liabilities & Shareholders Equity $290.2M $294.8M
YoY Change -1.57% 20.59%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $569.9K $1.465M
YoY Change -61.1% -16.96%
Depreciation, Depletion And Amortization $3.944M $4.602M
YoY Change -14.3% 28.17%
Cash From Operating Activities $4.826M $5.293M
YoY Change -8.82% -23.06%
INVESTING ACTIVITIES
Capital Expenditures -$751.2K -$456.9K
YoY Change 64.41% -56.03%
Acquisitions
YoY Change
Other Investing Activities $212.5K $1.050M
YoY Change -79.76% 37.61%
Cash From Investing Activities -$538.7K $593.1K
YoY Change -190.82% -314.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.742M -1.736M
YoY Change 0.31% 4.51%
NET CHANGE
Cash From Operating Activities 4.826M 5.293M
Cash From Investing Activities -538.7K 593.1K
Cash From Financing Activities -1.742M -1.736M
Net Change In Cash 2.545M 4.149M
YoY Change -38.66% -16.02%
FREE CASH FLOW
Cash From Operating Activities $4.826M $5.293M
Capital Expenditures -$751.2K -$456.9K
Free Cash Flow $5.577M $5.749M
YoY Change -3.0% -27.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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
CY2021Q2 us-gaap Secured Debt
SecuredDebt
282438864
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
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
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
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 Security12b Title
Security12bTitle
Class A
dei Trading Symbol
TradingSymbol
NEN
dei Security Exchange Name
SecurityExchangeName
NYSE
CY2021Q2 us-gaap Rental Properties
RentalProperties
258204893
CY2020Q4 us-gaap Rental Properties
RentalProperties
264609887
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23367379
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18646972
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1150860
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1412074
CY2021Q2 us-gaap Escrow Deposit
EscrowDeposit
566228
CY2020Q4 us-gaap Escrow Deposit
EscrowDeposit
534941
CY2021Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5501597
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5054959
CY2021Q2 us-gaap Equity Method Investments
EquityMethodInvestments
1416958
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1410769
CY2021Q2 us-gaap Revenues
Revenues
15447344
CY2020Q2 us-gaap Revenues
Revenues
15759106
us-gaap Revenues
Revenues
30536133
CY2021Q2 us-gaap Assets
Assets
290207915
CY2020Q4 us-gaap Assets
Assets
291669602
CY2021Q2 us-gaap Secured Debt
SecuredDebt
282438864
CY2020Q4 us-gaap Secured Debt
SecuredDebt
283444533
CY2021Q2 us-gaap Notes Payable
NotesPayable
17000000
CY2020Q4 us-gaap Notes Payable
NotesPayable
17000000
CY2021Q2 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
22328026
CY2020Q4 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
21339743
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4312362
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
3888237
CY2021Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
7659718
CY2020Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
7466134
CY2021Q2 us-gaap Liabilities
Liabilities
333738970
CY2020Q4 us-gaap Liabilities
Liabilities
333138647
CY2021Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2020Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2021Q2 us-gaap Partners Capital
PartnersCapital
-43531055
CY2020Q4 us-gaap Partners Capital
PartnersCapital
-41469045
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
290207915
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
291669602
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15333216
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15646814
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
30313332
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
31900244
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
114128
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
112292
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222801
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234446
us-gaap Revenues
Revenues
32134690
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
559818
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
512195
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1212004
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1096853
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3943664
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4601617
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7849582
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9167084
CY2021Q2 nen Management Fees
ManagementFees
616348
CY2020Q2 nen Management Fees
ManagementFees
615541
nen Management Fees
ManagementFees
1221739
nen Management Fees
ManagementFees
1264534
CY2021Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1407646
CY2020Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1291781
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
3453614
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2960183
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
221275
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
128608
us-gaap Operating Lease Expense
OperatingLeaseExpense
483241
us-gaap Operating Lease Expense
OperatingLeaseExpense
325479
CY2021Q2 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2334403
CY2020Q2 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2049174
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
4304490
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
4135392
CY2021Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2176958
CY2020Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2115721
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4429092
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4396262
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
11260112
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
11314637
us-gaap Costs And Expenses
CostsAndExpenses
22953762
us-gaap Costs And Expenses
CostsAndExpenses
23345787
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4187232
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4444469
us-gaap Operating Income Loss
OperatingIncomeLoss
7582371
us-gaap Operating Income Loss
OperatingIncomeLoss
8788903
CY2021Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
25
CY2020Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
52
us-gaap Investment Income Interest
InvestmentIncomeInterest
46
us-gaap Investment Income Interest
InvestmentIncomeInterest
159
CY2021Q2 us-gaap Interest Expense
InterestExpense
3378942
CY2020Q2 us-gaap Interest Expense
InterestExpense
3423583
us-gaap Interest Expense
InterestExpense
6743111
us-gaap Interest Expense
InterestExpense
6873908
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-238424
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
444113
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-563595
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
918680
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3617341
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2979418
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7306660
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5955069
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
569891
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1465051
us-gaap Net Income Loss
NetIncomeLoss
275711
us-gaap Net Income Loss
NetIncomeLoss
2833834
CY2021Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
4.68
CY2020Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
12.03
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
2.26
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
23.26
CY2021Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121756
CY2020Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121756
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121756
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121816
CY2019Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121978
CY2019Q4 us-gaap Partners Capital
PartnersCapital
-37823787
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
2338034
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
2833834
CY2020Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2020Q2 us-gaap Partners Capital
PartnersCapital
-37722018
CY2020Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2020Q4 us-gaap Partners Capital
PartnersCapital
-41469045
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
2337721
us-gaap Net Income Loss
NetIncomeLoss
275711
CY2021Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2021Q2 us-gaap Partners Capital
PartnersCapital
-43531055
us-gaap Profit Loss
ProfitLoss
275711
us-gaap Profit Loss
ProfitLoss
2833834
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7849582
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9167084
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
119919
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
119835
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-563595
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
918680
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1176554
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
729653
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
18500
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
5000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
915340
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1259948
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
424125
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-676850
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
31287
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
-9279
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
505968
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-188556
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
193584
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-672890
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
8893264
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
6691039
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9168975
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9524873
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
400000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1060585
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
10585
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
1385258
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
1504059
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-985258
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-454059
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
136325
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
3781877
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1000000
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1125589
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1134602
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
394031
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2337721
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2338034
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3463310
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1221115
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4720407
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7849699
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18646972
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7546324
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23367379
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15396023
CY2021Q2 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
120000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
120000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
nen Number Single Tenants Greater Than Five Percent Partnership Revenue
NumberSingleTenantsGreaterThanFivePercentPartnershipRevenue
5
CY2021Q2 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
23473000
CY2020Q4 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
18830000
us-gaap Advertising Expense
AdvertisingExpense
154569
us-gaap Advertising Expense
AdvertisingExpense
145803
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>
CY2021Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
400015051
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
398629793
CY2021Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
141810158
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
134019906
CY2021Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
258204893
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
264609887
CY2007Q3 nen Partners Capital Account Depository Receipts Treasury Receipts Authorized To Be Repurchased
PartnersCapitalAccountDepositoryReceiptsTreasuryReceiptsAuthorizedToBeRepurchased
300000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1379000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1367000
CY2021Q2 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
19000
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
1222000
nen Related Party Transaction Management Fee
RelatedPartyTransactionManagementFee
1265000
nen Investments In Number Of Limited Partnerships And Limited Liability Companies
InvestmentsInNumberOfLimitedPartnershipsAndLimitedLiabilityCompanies
7
CY2021Q2 us-gaap Security Deposit
SecurityDeposit
2907000
CY2020Q4 us-gaap Security Deposit
SecurityDeposit
2830000
CY2021Q2 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
1378000
CY2020Q4 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
1073000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38000
CY2020Q4 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
42000
CY2021Q2 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
25000
CY2020Q4 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
6000
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
2549000
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
79941000
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
25419000
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
11269000
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
21709000
nen Depositary Receipts Exhange Ratio For Class Units
DepositaryReceiptsExhangeRatioForClassUnits
30
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
142777000
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
283664000
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1225000
nen Line Of Credit Facility Unused Capacity Commitment Fee
LineOfCreditFacilityUnusedCapacityCommitmentFee
6000
nen Period For Which Rent To Be Paid In Advance By Tenant
PeriodForWhichRentToBePaidInAdvanceByTenant
P1M
CY2021Q2 nen Prepaid Rent Received Included In Cash And Cash Equivalents
PrepaidRentReceivedIncludedInCashAndCashEquivalents
2097000
CY2021Q2 nen Security Deposit Included In Restricted Cash
SecurityDepositIncludedInRestrictedCash
2907000
CY2021Q1 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2021Q1 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
CY2021Q2 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2021Q2 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
CY2020Q1 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2020Q2 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2020Q3 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2020Q4 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2020Q4 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
0.08
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
0.78
CY2021Q2 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
0.64
CY2020Q2 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
0.64
CY2021Q2 nen Partners Capital Account Treasury Units Issued
PartnersCapitalAccountTreasuryUnitsIssued
58469
CY2007Q3 nen Partners Capital Account Period For Repurchase Of Depository Receipts
PartnersCapitalAccountPeriodForRepurchaseOfDepositoryReceipts
P12M
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
CY2020Q1 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
0.94
nen Operating Leases Noncancelable Maximum Lease Term
OperatingLeasesNoncancelableMaximumLeaseTerm
P1Y
nen Operating Leases Percentage Of Rental Income Related To Commercial Property
OperatingLeasesPercentageOfRentalIncomeRelatedToCommercialProperty
0.06
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2268000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1507000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
996000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
437000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
260000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
450000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
5918000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
290000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
251000
nen Operating Leases Annual Base Rent For Expiring Leases
OperatingLeasesAnnualBaseRentForExpiringLeases
2684575
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
CY2021Q2 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
1177000
CY2020Q4 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
1454000
CY2021Q2 nen Operating Leases Rental Income With Future Rental Increases
OperatingLeasesRentalIncomeWithFutureRentalIncreases
285000
CY2021Q2 nen Operating Leases Deferral Of Rental Concession
OperatingLeasesDeferralOfRentalConcession
227000
us-gaap Interest Paid
InterestPaid
6650000
us-gaap Interest Paid
InterestPaid
6611000
us-gaap Income Taxes Paid
IncomeTaxesPaid
60000
us-gaap Income Taxes Paid
IncomeTaxesPaid
81000
nen Non Cash Financing Activity Related To Acquisition
NonCashFinancingActivityRelatedToAcquisition
2393000
CY2021Q2 us-gaap Secured Debt
SecuredDebt
282438864
CY2021Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
299691938
CY2020Q4 us-gaap Secured Debt
SecuredDebt
283444533
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
303993142
CY2020 nen Taxable Income Loss
TaxableIncomeLoss
8578000
CY2020 nen Income Tax Difference Between Statement Income And Taxable Income
IncomeTaxDifferenceBetweenStatementIncomeAndTaxableIncome
7153000
CY2020Q4 nen Income Tax Excess Of Real Estate Statement Basis Over Real Estate Income Tax Basis
IncomeTaxExcessOfRealEstateStatementBasisOverRealEstateIncomeTaxBasis
7332000
CY2020 nen Income Tax Excess Of Investments Statement Basis Over Investments Taxable Basis
IncomeTaxExcessOfInvestmentsStatementBasisOverInvestmentsTaxableBasis
1476000
CY2016Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
5158000
CY2021Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0391
CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0397
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
22000

Files In Submission

Name View Source Status
0001558370-21-010717-index-headers.html Edgar Link pending
0001558370-21-010717-index.html Edgar Link pending
0001558370-21-010717.txt Edgar Link pending
0001558370-21-010717-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nen-20210630.xsd Edgar Link pending
nen-20210630x10q.htm Edgar Link pending
nen-20210630x10q_htm.xml Edgar Link completed
nen-20210630xex31d1.htm Edgar Link pending
nen-20210630xex31d2.htm Edgar Link pending
nen-20210630xex32d1.htm Edgar Link pending
nen-20210630_cal.xml Edgar Link unprocessable
nen-20210630_def.xml Edgar Link unprocessable
nen-20210630_lab.xml Edgar Link unprocessable
nen-20210630_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
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