Filing Flows › New England Realty Associates Limited Partnership (NEN) › Q1 2026
New England Realty Associates Limited Partnership (NEN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
New England Realty Associates Limited Partnership (NEN) reported revenue of $24.2M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +2% from the quarter before. Operating margin was 6.2%, net loss $3.9M (16.2% of revenue).
New England Realty Associates Limited Partnership, Q1 2026: revenue $24.2M (+17% year over year), operating margin 6.2%, net loss $3.9M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.2M | +2% | +17% |
| Operating profit | $1.5M | -55% | -76% |
| Net earnings | −$3.9M | — | -203% |
| Operating cash flow | $2.3M | -68% | -58% |
What changed
Revenue was $24.2M in Q1 2026, up 17% year over year and up 2% from the previous quarter.
Operating profit was $1.5M, a 6.2% margin (down 23.9 points year over year). Operating profit fell $4.7M even though revenue rose $3.5M versus Q1 2025, so costs grew faster than sales. Total costs grew 57% against revenue growth of 17%. The fastest-growing cost line was General & admin (+124%). The quarter ended with a net loss of $3.9M, wider than the previous quarter's $1.4M loss. Net interest and other expense of $5.4M was the main reason.
Operating cash flow was $2.3M (down 58% year over year). Non-cash charges added back $8.0M of depreciation and amortization. Working capital and other items used $1.8M.
Questions
What was New England Realty Associates Limited Partnership's revenue in the first quarter 2026?
New England Realty Associates Limited Partnership (NEN) reported revenue of $24.2M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +2% from the quarter before.
Was New England Realty Associates Limited Partnership profitable in the first quarter 2026?
Operating profit was $1.5M (6.2% of revenue) and net loss $3.9M.
Source: New England Realty Associates Limited Partnership 10-Q on SEC EDGAR.