Filing Flows › New England Realty Associates Limited Partnership (NEN) › Q1 2025
New England Realty Associates Limited Partnership (NEN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
New England Realty Associates Limited Partnership (NEN) reported revenue of $20.7M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +2% from the quarter before. Operating margin was 30.1%, net earnings $3.8M (18.3% of revenue).
New England Realty Associates Limited Partnership, Q1 2025: revenue $20.7M (+4% year over year), operating margin 30.1%, net earnings $3.8M, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.7M | +2% | +4% |
| Operating profit | $6.2M | -6% | +8% |
| Net earnings | $3.8M | -10% | +10% |
| Operating cash flow | $5.5M | -54% | -11% |
| Free cash flow | $2.9M | -61% | -28% |
What changed
Revenue was $20.7M in Q1 2025, up 4% year over year and up 2% from the previous quarter.
Operating profit was $6.2M, a 30.1% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 61% reached operating profit, above the 29% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were $3.8M, up 10% year over year. The effective tax rate was 0.0%.
Operating cash flow was $5.5M (down 11% year over year), 144% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization. Working capital and other items used $2.2M. Capital expenditures of $2.6M left free cash flow of $2.9M.
Questions
What was New England Realty Associates Limited Partnership's revenue in the first quarter 2025?
New England Realty Associates Limited Partnership (NEN) reported revenue of $20.7M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +2% from the quarter before.
Was New England Realty Associates Limited Partnership profitable in the first quarter 2025?
Operating profit was $6.2M (30.1% of revenue) and net earnings $3.8M.
Source: New England Realty Associates Limited Partnership 10-Q on SEC EDGAR.