$NEN
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

2022 Q3 Form 10-Q Financial Statement

#000155837023000365 Filed on January 19, 2023

View on sec.gov

Income Statement

Concept 2022 Q3
Revenue $17.08M
YoY Change 7.1%
Cost Of Revenue $7.022M
YoY Change -2.27%
Gross Profit $10.06M
YoY Change 14.78%
Gross Profit Margin 58.88%
Selling, General & Admin $1.381M
YoY Change 10.14%
% of Gross Profit 13.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.115M
YoY Change 3.99%
% of Gross Profit 40.92%
Operating Expenses $12.52M
YoY Change 0.99%
Operating Profit $4.561M
YoY Change 28.43%
Interest Expense $3.982M
YoY Change 17.35%
% of Operating Profit 87.32%
Other Income/Expense, Net -$3.566M
YoY Change -1.68%
Pretax Income $995.2K
YoY Change -1420.1%
Income Tax
% Of Pretax Income
Net Earnings $995.2K
YoY Change -1420.19%
Net Earnings / Revenue 5.83%
Basic Earnings Per Share
Diluted Earnings Per Share $8.32
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.47M
YoY Change 141.6%
Cash & Equivalents $59.47M
Short-Term Investments
Other Short-Term Assets $4.205M
YoY Change 33.98%
Inventory
Prepaid Expenses
Receivables $414.7K
Other Receivables $1.907M
Total Short-Term Assets $66.00M
YoY Change 125.06%
LONG-TERM ASSETS
Property, Plant & Equipment $242.9M
YoY Change -4.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.439M
YoY Change 1.42%
Other Assets
YoY Change
Total Long-Term Assets $321.8M
YoY Change 23.97%
TOTAL ASSETS
Total Short-Term Assets $66.00M
Total Long-Term Assets $321.8M
Total Assets $387.8M
YoY Change 34.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.298M
YoY Change -0.07%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due $8.583M
YoY Change 212.91%
Total Short-Term Liabilities $12.88M
YoY Change -46.43%
LONG-TERM LIABILITIES
Long-Term Debt $402.9M
YoY Change 44.31%
Other Long-Term Liabilities $33.01M
YoY Change 8.43%
Total Long-Term Liabilities $435.9M
YoY Change 40.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.88M
Total Long-Term Liabilities $435.9M
Total Liabilities $448.8M
YoY Change 34.5%
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 -$61.00M
YoY Change
Total Liabilities & Shareholders Equity $387.8M
YoY Change 34.23%

Cashflow Statement

Concept 2022 Q3
OPERATING ACTIVITIES
Net Income $995.2K
YoY Change -1420.19%
Depreciation, Depletion And Amortization $4.115M
YoY Change 3.99%
Cash From Operating Activities $5.581M
YoY Change 51.68%
INVESTING ACTIVITIES
Capital Expenditures $1.595M
YoY Change -288.76%
Acquisitions
YoY Change
Other Investing Activities -$74.00M
YoY Change -45635.75%
Cash From Investing Activities -$75.59M
YoY Change 10972.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.147M
YoY Change 80.05%
NET CHANGE
Cash From Operating Activities 5.581M
Cash From Investing Activities -75.59M
Cash From Financing Activities -3.147M
Net Change In Cash -73.16M
YoY Change -5957.82%
FREE CASH FLOW
Cash From Operating Activities $5.581M
Capital Expenditures $1.595M
Free Cash Flow $3.986M
YoY Change -11.91%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Security Exchange Name
SecurityExchangeName
NYSEAMER
CY2021Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121516
CY2021Q3 nen Management Fees
ManagementFees
646059
nen Management Fees
ManagementFees
2029453
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
93516
nen Management Fees
ManagementFees
1867798
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-233130
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
203867
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-796725
CY2022Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1410843
CY2021Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1338718
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
5609302
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
4792332
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
181574
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-39994
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-874526
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
458040
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
179879
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11806561
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Central Index Key
EntityCentralIndexKey
0000746514
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q3 us-gaap Secured Debt
SecuredDebt
411475632
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
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
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
CY2022Q3 us-gaap Rental Properties
RentalProperties
242937926
CY2022Q3 nen Management Fees
ManagementFees
683999
CY2021Q4 us-gaap Rental Properties
RentalProperties
251355202
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59473939
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96083508
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
414659
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
935303
CY2022Q3 us-gaap Escrow Deposit
EscrowDeposit
1907378
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
861697
CY2022Q3 nen Investment
Investment
73995586
CY2022Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
7613638
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
6183981
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
1439150
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1455888
CY2022Q3 us-gaap Assets
Assets
387782276
CY2021Q4 us-gaap Assets
Assets
356875579
CY2022Q3 us-gaap Secured Debt
SecuredDebt
411475632
CY2021Q4 us-gaap Secured Debt
SecuredDebt
370481390
CY2022Q3 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
24136809
CY2021Q4 nen Distribution And Loss In Excess Of Investment In Unconsolidated Joint Venture
DistributionAndLossInExcessOfInvestmentInUnconsolidatedJointVenture
22992420
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4298250
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4324879
CY2022Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
8874364
CY2021Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
8369497
CY2022Q3 us-gaap Liabilities
Liabilities
448785055
CY2021Q4 us-gaap Liabilities
Liabilities
406168186
CY2022Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
119324
CY2022Q3 us-gaap Partners Capital
PartnersCapital
-61002779
CY2021Q4 us-gaap Partners Capital
PartnersCapital
-49292607
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
387782276
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
356875579
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16974515
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15832492
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
50260258
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
46145825
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103868
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
114180
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330461
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
336980
CY2022Q3 us-gaap Revenues
Revenues
17078383
CY2021Q3 us-gaap Revenues
Revenues
15946672
us-gaap Revenues
Revenues
50590719
us-gaap Revenues
Revenues
46482805
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
696656
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
607478
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2028319
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1819481
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4114913
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3956979
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12212278
us-gaap Operating Lease Expense
OperatingLeaseExpense
501906
us-gaap Operating Lease Expense
OperatingLeaseExpense
941281
CY2022Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
3126953
CY2021Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
3128369
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
8381339
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
7432860
CY2022Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2302648
CY2021Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2259793
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
6879455
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
6688885
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
12517586
CY2021Q3 us-gaap Costs And Expenses
CostsAndExpenses
12395436
us-gaap Costs And Expenses
CostsAndExpenses
37642052
us-gaap Costs And Expenses
CostsAndExpenses
35349198
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4560797
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3551236
us-gaap Operating Income Loss
OperatingIncomeLoss
12948667
us-gaap Operating Income Loss
OperatingIncomeLoss
11133607
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
363350
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
27
us-gaap Investment Income Interest
InvestmentIncomeInterest
363411
us-gaap Investment Income Interest
InvestmentIncomeInterest
74
CY2022Q3 us-gaap Interest Expense
InterestExpense
3982445
CY2021Q3 us-gaap Interest Expense
InterestExpense
3393518
us-gaap Interest Expense
InterestExpense
11060794
us-gaap Interest Expense
InterestExpense
10136630
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3565573
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3626621
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11368042
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10933281
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
995224
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-75385
us-gaap Net Income Loss
NetIncomeLoss
1580625
us-gaap Net Income Loss
NetIncomeLoss
200326
CY2022Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
8.32
CY2021Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.62
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
13.12
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.65
CY2022Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
119638
CY2021Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
121756
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
120465
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
3506581
us-gaap Net Income Loss
NetIncomeLoss
200326
CY2021Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121756
CY2021Q3 us-gaap Partners Capital
PartnersCapital
-44775300
CY2021Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
121516
CY2021Q4 us-gaap Partners Capital
PartnersCapital
-49292607
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
8123130
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
2192
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
5167667
us-gaap Net Income Loss
NetIncomeLoss
1580625
CY2022Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
119324
CY2022Q3 us-gaap Partners Capital
PartnersCapital
-61002779
us-gaap Profit Loss
ProfitLoss
1580625
us-gaap Profit Loss
ProfitLoss
200326
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12212278
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11806561
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
350115
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
203867
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-796725
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
906986
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
72500
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
27250
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-520644
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
498584
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-26636
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
413183
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
1045681
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
32970
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
931325
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1195693
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
504867
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
244888
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
11452895
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
12648225
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13033520
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12848551
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
603202
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
40702
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
103995587
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
30000000
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
3708707
nen Payments To Improve Real Estate
PaymentsToImproveRealEstate
2230442
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76569294
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1667942
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1720335
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1704743
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
41937337
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
5167667
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
8123130
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
3506581
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26926205
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5211324
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-36609569
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5969285
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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59473939
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24616257
CY2022Q3 nen Security Deposit Included In Restricted Cash
SecurityDepositIncludedInRestrictedCash
3402000
CY2022Q3 nen Equity Method Investments Amount To Discontinue Applying Equity Method For Investment
EquityMethodInvestmentsAmountToDiscontinueApplyingEquityMethodForInvestment
0
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
0.44
nen Net Income Loss Per Outstanding Depository Receipt
NetIncomeLossPerOutstandingDepositoryReceipt
0.05
nen Period For Which Arrears Of Rent Charged Against Income
PeriodForWhichArrearsOfRentChargedAgainstIncome
P60D
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
350000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
180000
nen Operating Leases Percentage Of Rental Income Related To Commercial Property
OperatingLeasesPercentageOfRentalIncomeRelatedToCommercialProperty
0.05
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021Q1 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
nen Number Single Tenants Greater Than Five Percent Partnership Revenue
NumberSingleTenantsGreaterThanFivePercentPartnershipRevenue
5
nen Number Single Tenants Greater Than Five Percent Partnership Revenue
NumberSingleTenantsGreaterThanFivePercentPartnershipRevenue
5
CY2022Q3 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
45045000
CY2021Q4 nen Cash And Cash Equivalents And Security Deposits Uninsured Amount
CashAndCashEquivalentsAndSecurityDepositsUninsuredAmount
96166000
CY2021 nen Taxable Income Loss
TaxableIncomeLoss
4056000
us-gaap Advertising Expense
AdvertisingExpense
190316
us-gaap Advertising Expense
AdvertisingExpense
240814
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
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 Receipt Exchange Ratio For Class Units
DepositaryReceiptExchangeRatioForClassUnits
30
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>
CY2022Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
404296949
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
400588242
CY2022Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
161359023
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
149233040
CY2022Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
242937926
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
251355202
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
2029000
nen Related Party Transaction Management Fee
RelatedPartyTransactionManagementFee
1868000
nen Related Party Legal Fees
RelatedPartyLegalFees
68000
nen Related Party Legal Fees
RelatedPartyLegalFees
8000
nen Investments In Number Of Limited Partnerships And Limited Liability Companies
InvestmentsInNumberOfLimitedPartnershipsAndLimitedLiabilityCompanies
7
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
CY2022Q3 us-gaap Security Deposit
SecurityDeposit
3402000
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
3067000
CY2022Q3 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
1849000
CY2021Q4 nen Escrow Deposit To Fund Capital Improvements
EscrowDepositToFundCapitalImprovements
1819000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1411000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1392000
CY2022Q3 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
124000
CY2021Q4 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
169000
CY2022Q3 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
55000
CY2021Q4 nen Accumulated Amortization On Financing And Leasing Fees
AccumulatedAmortizationOnFinancingAndLeasingFees
10000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
8583000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
2749000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
3260000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
25209000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
3121000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
371767000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
414689000
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3213000
nen Period For Which Rent To Be Paid In Advance By Tenant
PeriodForWhichRentToBePaidInAdvanceByTenant
P1M
CY2022Q3 nen Prepaid Rent Received Included In Cash And Cash Equivalents
PrepaidRentReceivedIncludedInCashAndCashEquivalents
2581000
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 Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
0.32
CY2022Q3 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterestApproved
9.60
CY2022Q3 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest
PartnersCapitalAccountQuarterlyDistributionPerUnitOfLimitedPartnerInterest
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
CY2021Q4 nen Partners Capital Account Quarterly Distribution Per Depository Receipt
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceipt
9.60
CY2022Q3 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
2.24
CY2021Q3 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
0.96
CY2022Q3 nen Partners Capital Account Treasury Units Issued
PartnersCapitalAccountTreasuryUnitsIssued
60901
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
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
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1981000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1409000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
871000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
728000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
406000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1683000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
7078000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
441000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
417000
nen Operating Leases Annual Base Rent For Expiring Leases
OperatingLeasesAnnualBaseRentForExpiringLeases
2211981
nen Operating Leases Square Feet For Expiring Leases
OperatingLeasesSquareFeetForExpiringLeases
108369
nen Operating Leases Number Of Leases Expiring
OperatingLeasesNumberOfLeasesExpiring
52
nen Operating Leases Percentage Of Annual Base Rent For Expiring Leases
OperatingLeasesPercentageOfAnnualBaseRentForExpiringLeases
1
CY2022Q3 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
824000
CY2021Q4 nen Operating Leases Allowance For Doubtful Rent Receivable
OperatingLeasesAllowanceForDoubtfulRentReceivable
832000
CY2022Q3 nen Operating Leases Rental Income With Future Rental Increases
OperatingLeasesRentalIncomeWithFutureRentalIncreases
76000
CY2022Q3 nen Operating Leases Deferral Of Rental Concession
OperatingLeasesDeferralOfRentalConcession
13000
us-gaap Interest Paid Net
InterestPaidNet
10584000
us-gaap Interest Paid Net
InterestPaidNet
9985000
us-gaap Income Taxes Paid
IncomeTaxesPaid
52000
us-gaap Income Taxes Paid
IncomeTaxesPaid
70000
CY2022Q3 nen Number Of Properties Involved In Non Cash Activities
NumberOfPropertiesInvolvedInNonCashActivities
4
nen Non Cash Financing Activity Related To Refinancing
NonCashFinancingActivityRelatedToRefinancing
37000000
CY2022Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0405
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0412
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
70000

Files In Submission

Name View Source Status
0001558370-23-000365-index-headers.html Edgar Link pending
0001558370-23-000365-index.html Edgar Link pending
0001558370-23-000365.txt Edgar Link pending
0001558370-23-000365-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nen-20220930.xsd Edgar Link pending
nen-20220930x10q.htm Edgar Link pending
nen-20220930xex31d1.htm Edgar Link pending
nen-20220930xex31d2.htm Edgar Link pending
nen-20220930xex32d1.htm Edgar Link pending
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
nen-20220930_cal.xml Edgar Link unprocessable
nen-20220930_def.xml Edgar Link unprocessable
nen-20220930_lab.xml Edgar Link unprocessable
nen-20220930_pre.xml Edgar Link unprocessable
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
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
FilingSummary.xml Edgar Link unprocessable
nen-20220930x10q_htm.xml Edgar Link completed