$NEN
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

2022 Q2 Form 10-Q Financial Statement

#000155837022012423 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $16.93M $16.16M $15.45M
YoY Change 9.61% 8.97% -1.98%
Cost Of Revenue $6.948M $6.869M $6.140M
YoY Change 13.16% 13.52% 9.94%
Gross Profit $9.984M $9.287M $9.307M
YoY Change 7.27% 5.83% -8.52%
Gross Profit Margin 58.96% 57.48% 60.25%
Selling, General & Admin $1.296M $1.313M $1.176M
YoY Change 10.21% 10.24% 4.29%
% of Gross Profit 12.98% 14.14% 12.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.077M $4.865M $3.944M
YoY Change 3.37% 5.04% -14.3%
% of Gross Profit 40.83% 52.38% 42.37%
Operating Expenses $5.373M $13.05M $11.26M
YoY Change -52.28% 9.88% -0.48%
Operating Profit $4.611M $3.109M $4.187M
YoY Change 10.12% 5.3% -5.79%
Interest Expense $3.624M -$3.263M $3.379M
YoY Change 7.24% -16.8% -1.3%
% of Operating Profit 78.59% -104.97% 80.7%
Other Income/Expense, Net -$4.368M -$6.009M -$3.617M
YoY Change 20.75% 53.2% 21.41%
Pretax Income $243.0K -$2.900M $569.9K
YoY Change -57.36% 199.01% -61.1%
Income Tax
% Of Pretax Income
Net Earnings $243.0K -$2.900M $569.9K
YoY Change -57.36% 199.01% -61.1%
Net Earnings / Revenue 1.44% -17.95% 3.69%
Basic Earnings Per Share
Diluted Earnings Per Share $2.016M -$23.87M $4.680M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.6M $96.08M $23.37M
YoY Change 467.59% 415.28% 51.78%
Cash & Equivalents $132.6M $96.08M $23.37M
Short-Term Investments
Other Short-Term Assets $4.464M $3.091M $2.557M
YoY Change 74.61% 42.18% 70.95%
Inventory
Prepaid Expenses
Receivables $653.1K $935.3K $1.151M
Other Receivables $1.846M $861.7K $566.2K
Total Short-Term Assets $139.6M $101.0M $27.64M
YoY Change 405.02% 343.48% 50.68%
LONG-TERM ASSETS
Property, Plant & Equipment $245.4M $251.4M $258.2M
YoY Change -4.95% -5.01% -4.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.464M $1.456M $1.417M
YoY Change 3.3% 3.2% -2.54%
Other Assets
YoY Change
Total Long-Term Assets $250.3M $255.9M $262.6M
YoY Change -4.69% -4.83% -5.04%
TOTAL ASSETS
Total Short-Term Assets $139.6M $101.0M $27.64M
Total Long-Term Assets $250.3M $255.9M $262.6M
Total Assets $389.9M $356.9M $290.2M
YoY Change 34.34% 22.36% -1.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.040M $4.325M $4.312M
YoY Change -6.31% 11.23% 19.87%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $17.00M
YoY Change -100.0% -100.0% 0.0%
Long-Term Debt Due $8.479M $2.705M $2.549M
YoY Change 232.64% 6.9% 8.15%
Total Short-Term Liabilities $12.52M $7.030M $23.86M
YoY Change -47.53% -69.98% 3.95%
LONG-TERM LIABILITIES
Long-Term Debt $403.4M $367.8M $279.9M
YoY Change 44.14% 30.92% -0.76%
Other Long-Term Liabilities $33.29M $31.36M $29.99M
YoY Change 11.02% 8.87% 8.81%
Total Long-Term Liabilities $436.7M $399.1M $309.9M
YoY Change 40.93% 28.87% 0.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.52M $7.030M $23.86M
Total Long-Term Liabilities $436.7M $399.1M $309.9M
Total Liabilities $449.2M $406.2M $333.7M
YoY Change 34.61% 21.92% 0.36%
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 -$59.37M -$49.29M -$43.53M
YoY Change
Total Liabilities & Shareholders Equity $389.9M $356.9M $290.2M
YoY Change 34.34% 22.36% -1.57%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $243.0K -$2.900M $569.9K
YoY Change -57.36% 199.01% -61.1%
Depreciation, Depletion And Amortization $4.077M $4.865M $3.944M
YoY Change 3.37% 5.04% -14.3%
Cash From Operating Activities $2.871M $2.935M $4.826M
YoY Change -40.51% -29.24% -8.82%
INVESTING ACTIVITIES
Capital Expenditures -$1.068M -$1.087M -$751.2K
YoY Change 42.18% 10.21% 64.41%
Acquisitions
YoY Change
Other Investing Activities $730.0K $422.5K $212.5K
YoY Change 243.53% 20.71% -79.76%
Cash From Investing Activities -$338.0K -$664.5K -$538.7K
YoY Change -37.25% 4.44% -190.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.83M 69.20M -1.742M
YoY Change -2271.96% -4141.49% 0.31%
NET CHANGE
Cash From Operating Activities 2.871M 2.935M 4.826M
Cash From Investing Activities -338.0K -664.5K -538.7K
Cash From Financing Activities 37.83M 69.20M -1.742M
Net Change In Cash 40.37M 71.47M 2.545M
YoY Change 1486.05% 3872.41% -38.66%
FREE CASH FLOW
Cash From Operating Activities $2.871M $2.935M $4.826M
Capital Expenditures -$1.068M -$1.087M -$751.2K
Free Cash Flow $3.939M $4.022M $5.577M
YoY Change -29.37% -21.66% -3.0%

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
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
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Security Exchange Name
SecurityExchangeName
NYSEAMER
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
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
CY2022Q2 us-gaap Rental Properties
RentalProperties
245429217
CY2022Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
7836007
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
6183981
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
1463665
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1455888
CY2022Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2300235
CY2021Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2176958
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4576808
CY2021Q4 us-gaap Rental Properties
RentalProperties
251355202
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4076597
CY2022Q2 us-gaap Assets
Assets
389859084
CY2021Q4 us-gaap Assets
Assets
356875579
CY2022Q2 us-gaap Secured Debt
SecuredDebt
411900371
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
132631027
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96083508
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
33285743
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
653060
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
935303
CY2021Q4 us-gaap Liabilities
Liabilities
406168186
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
30313332
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
106191
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
1846108
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
861697
CY2021Q4 us-gaap Secured Debt
SecuredDebt
370481390
CY2022Q2 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
24097346
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
114128
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
226593
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222801
CY2021Q4 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
22992420
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4040223
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4324879
CY2022Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
9193906
CY2021Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
8369497
CY2022Q2 us-gaap Liabilities
Liabilities
449231846
CY2022Q2 us-gaap Revenues
Revenues
16931928
CY2021Q2 us-gaap Revenues
Revenues
15447344
us-gaap Revenues
Revenues
33512336
us-gaap Revenues
Revenues
30536133
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
623877
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
559818
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1331663
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1212004
CY2022Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
119942
CY2021Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121516
CY2022Q2 us-gaap Partners Capital
PartnersCapital
-59372762
CY2021Q4 us-gaap Partners Capital
PartnersCapital
-49292607
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
389859084
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
356875579
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16825737
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15333216
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3943664
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8097365
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7849582
CY2022Q2 nen Management Fees
ManagementFees
672370
CY2021Q2 nen Management Fees
ManagementFees
616348
nen Management Fees
ManagementFees
1345454
nen Management Fees
ManagementFees
1221739
CY2022Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1522250
CY2021Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1407646
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
4198458
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
3453614
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
150943
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
221275
us-gaap Operating Lease Expense
OperatingLeaseExpense
320332
us-gaap Operating Lease Expense
OperatingLeaseExpense
483241
CY2022Q2 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2974734
CY2021Q2 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2334403
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
5254385
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
4304490
CY2022Q2 us-gaap Partners Capital
PartnersCapital
-59372762
us-gaap Profit Loss
ProfitLoss
585401
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4429092
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
12321006
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
11260112
us-gaap Costs And Expenses
CostsAndExpenses
25124465
us-gaap Costs And Expenses
CostsAndExpenses
22953762
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4610922
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4187232
us-gaap Operating Income Loss
OperatingIncomeLoss
8387871
us-gaap Operating Income Loss
OperatingIncomeLoss
7582371
CY2022Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
32
CY2021Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
25
us-gaap Investment Income Interest
InvestmentIncomeInterest
61
us-gaap Investment Income Interest
InvestmentIncomeInterest
46
CY2022Q2 us-gaap Interest Expense
InterestExpense
3623714
CY2021Q2 us-gaap Interest Expense
InterestExpense
3378942
us-gaap Interest Expense
InterestExpense
7078349
us-gaap Interest Expense
InterestExpense
6743111
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
90283
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-238424
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
110351
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-563595
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-834538
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-834533
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4367937
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3617341
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7802470
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7306660
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
242985
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
569891
us-gaap Net Income Loss
NetIncomeLoss
585401
us-gaap Net Income Loss
NetIncomeLoss
275711
CY2022Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
2.02
CY2021Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
4.68
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
4.84
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
2.26
CY2022Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
120528
CY2021Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121756
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
120885
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121756
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
CY2021Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121516
CY2021Q4 us-gaap Partners Capital
PartnersCapital
-49292607
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
6976595
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
1574
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
3688961
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-282243
us-gaap Profit Loss
ProfitLoss
275711
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8097365
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7849582
us-gaap Net Income Loss
NetIncomeLoss
585401
CY2022Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
119942
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
3688961
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
6976595
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
252729
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1125589
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
41937337
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
119919
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
110351
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-563595
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1176554
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
72500
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
18500
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
915340
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-284656
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
424125
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
984411
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
31287
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1282943
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
505968
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
824409
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
193584
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
6866885
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
8893264
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7452286
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9168975
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1135000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
400000
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
2113339
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
1385258
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-978339
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-985258
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1198209
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2337721
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30073572
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3463310
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
36547519
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4720407
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96083508
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18646972
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
132631027
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23367379
nen Related Party Transaction Management Fee As Percentage Of Property Rental Revenue And Laundry Income
RelatedPartyTransactionManagementFeeAsPercentageOfPropertyRentalRevenueAndLaundryIncome
0.04
CY2022Q2 us-gaap Security Deposit
SecurityDeposit
3359000
CY2022Q2 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
253000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
120000
nen Related Party Transaction Management Fee As Percentage Of Linewt
RelatedPartyTransactionManagementFeeAsPercentageOfLinewt
0.03
nen Related Party Transaction Management Fee
RelatedPartyTransactionManagementFee
1345000
nen Related Party Transaction Management Fee
RelatedPartyTransactionManagementFee
1222000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
nen Number Single Tenants Greater Than Five Percent Partnership Revenue
NumberSingleTenantsGreaterThanFivePercentPartnershipRevenue
5
nen Number Single Tenants Greater Than Five Percent Partnership Revenue
NumberSingleTenantsGreaterThanFivePercentPartnershipRevenue
5
CY2022Q2 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
132102000
CY2021Q4 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
96166000
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
3067000
us-gaap Advertising Expense
AdvertisingExpense
134922
us-gaap Advertising Expense
AdvertisingExpense
154569
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;">Reclassification:</i> Certain reclassifications have been made to prior period amounts in order to conform to current period presentation.</p>
CY2022Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
402701581
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
400588242
CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
157272364
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
149233040
CY2022Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
245429217
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
251355202
nen Investments In Number Of Limited Partnerships And Limited Liability Companies
InvestmentsInNumberOfLimitedPartnershipsAndLimitedLiabilityCompanies
7
CY2022Q2 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
2331000
CY2021Q4 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
1819000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1405000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1392000
CY2022Q2 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
139000
CY2021Q4 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
169000
CY2022Q2 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
40000
CY2021Q4 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
10000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
8479000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
2719000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
3082000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
21870000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
6501000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
372559000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
415210000
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3310000
nen Period For Which Rent To Be Paid In Advance By Tenant
PeriodForWhichRentToBePaidInAdvanceByTenant
P1M
CY2022Q2 nen Prepaid Rent Received Included In Cash And Cash Equivalents
PrepaidRentReceivedIncludedInCashAndCashEquivalents
2516000
CY2022Q2 nen Security Deposit Included In Restricted Cash
SecurityDepositIncludedInRestrictedCash
3359000
CY2021Q4 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2022Q1 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2022Q1 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
CY2022Q1 nen Partners Capital Account Special Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountSpecialDistributionPerUnitOfLimitedPartnerInterest
38.40
CY2022Q1 nen Partners Capital Account Special Distribution Per Depository Receipt
PartnersCapitalAccountSpecialDistributionPerDepositoryReceipt
1.28
CY2022Q2 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2022Q2 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
0.32
CY2021Q1 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2021Q2 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2021Q3 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
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
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
CY2021Q3 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
CY2021Q4 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
nen Depositary Receipts Exhange Ratio For Class Units
DepositaryReceiptsExhangeRatioForClassUnits
30
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
0.16
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
0.08
CY2022Q2 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
1.92
CY2021Q2 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
0.64
CY2022Q2 nen Partners Capital Account Treasury Units Issued
PartnersCapitalAccountTreasuryUnitsIssued
60283
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
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
649000
CY2020Q1 nen Partners Capital Account Period For Repurchase Of Depository Receipts
PartnersCapitalAccountPeriodForRepurchaseOfDepositoryReceipts
P5Y
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
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1945000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1413000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
829000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
339000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
370000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
5545000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
437000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
290000
nen Operating Leases Annual Base Rent For Expiring Leases
OperatingLeasesAnnualBaseRentForExpiringLeases
2163717
nen Operating Leases Square Feet For Expiring Leases
OperatingLeasesSquareFeetForExpiringLeases
108154
nen Operating Leases Number Of Leases Expiring
OperatingLeasesNumberOfLeasesExpiring
51
nen Operating Leases Percentage Of Annual Base Rent For Expiring Leases
OperatingLeasesPercentageOfAnnualBaseRentForExpiringLeases
1
CY2022Q2 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
733000
CY2021Q4 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
832000
CY2022Q2 nen Operating Leases Rental Income With Future Rental Increases
OperatingLeasesRentalIncomeWithFutureRentalIncreases
79000
CY2022Q2 nen Operating Leases Deferral Of Rental Concession
OperatingLeasesDeferralOfRentalConcession
49000
us-gaap Interest Paid Net
InterestPaidNet
6987000
us-gaap Interest Paid Net
InterestPaidNet
6650000
us-gaap Income Taxes Paid
IncomeTaxesPaid
49000
us-gaap Income Taxes Paid
IncomeTaxesPaid
60000
CY2022Q2 nen Number Of Properties Involved In Non Cash Activities
NumberOfPropertiesInvolvedInNonCashActivities
4
nen Non Cash Financing Activity Related To Refinancing
NonCashFinancingActivityRelatedToRefinancing
37000000
CY2022Q2 us-gaap Secured Debt
SecuredDebt
411900371
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
388924374
CY2021Q4 us-gaap Secured Debt
SecuredDebt
370481390
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
383244134
CY2021 nen Taxable Income Loss
TaxableIncomeLoss
4056000
CY2021 nen Income Tax Difference Between Statement Income And Taxable Income
IncomeTaxDifferenceBetweenStatementIncomeAndTaxableIncome
6756000
CY2021Q4 nen Income Tax Excess Of Real Estate Statement Basis Over Real Estate Income Tax Basis
IncomeTaxExcessOfRealEstateStatementBasisOverRealEstateIncomeTaxBasis
10946000
CY2021 nen Income Tax Excess Of Investments Statement Basis Over Investments Taxable Basis
IncomeTaxExcessOfInvestmentsStatementBasisOverInvestmentsTaxableBasis
1066000
CY2016Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
5158000
CY2022Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0397
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0403
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
28000

Files In Submission

Name View Source Status
0001558370-22-012423-index-headers.html Edgar Link pending
0001558370-22-012423-index.html Edgar Link pending
0001558370-22-012423.txt Edgar Link pending
0001558370-22-012423-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nen-20220630.xsd Edgar Link pending
nen-20220630x10q.htm Edgar Link pending
nen-20220630x10q_htm.xml Edgar Link completed
nen-20220630xex31d1.htm Edgar Link pending
nen-20220630xex31d2.htm Edgar Link pending
nen-20220630xex32d1.htm Edgar Link pending
nen-20220630_cal.xml Edgar Link unprocessable
nen-20220630_def.xml Edgar Link unprocessable
nen-20220630_lab.xml Edgar Link unprocessable
nen-20220630_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
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