For the quarter ending 2026-03-31, NEN had -$1,109,227 decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | -3,907,672 | -1,392,515 | -521,828 | 7,945,599 |
| Depreciation and amortization | 7,965,210 | 7,508,627 | 7,374,701 | 8,379,730 |
| Amortization of deferred finance costs | 136,851 | 170,246 | 181,589 | 211,434 |
| (income) from investments in joint ventures | 343,302 | 479,485 | 146,796 | 847,679 |
| Property impairment | - | 400,000 | - | - |
| Loss on sale of real estate | -150,963 | - | - | - |
| Proceeds from unconsolidated joint ventures | 35,000 | 45,000 | 0 | 62,500 |
| (increase) decrease in rents receivable | 222,858 | 37,328 | 95,017 | 74,947 |
| (decrease) in accounts payable and accrued expense | -1,420,695 | 1,539,385 | -569,323 | -1,462,963 |
| Decrease (increase) in real estate tax escrow | 218,606 | 431,988 | 91,435 | -63,807 |
| Decrease in prepaid expenses and other assets | -623,844 | 816,901 | 2,857,712 | -1,510,783 |
| Increase (decrease) in advance rental payments and security deposits | -491,778 | 795,438 | -927,050 | 2,220,108 |
| Developing of rental property and other related costs | - | 4,768,420 | 2,228,439 | 10,247,195 |
| Total adjustments | 6,214,629 | 8,692,994 | 2,868,957 | 10,062,773 |
| Purchase of rental property | - | 0 | 0 | 108,885,341 |
| Net cash provided by operating activities | 2,306,957 | 7,300,479 | 2,347,129 | 18,008,372 |
| Investment in u.s. treasury bills | - | 0 | 0 | 31,060,131 |
| Proceeds from u.s. treasury bills | - | 0 | 2,319,511 | 113,708,456 |
| Distribution in excess of investment in unconsolidated joint ventures | 310,000 | 865,000 | 0 | 775,000 |
| Improvement of rental properties | 3,822,616 | 5,471,193 | 4,112,369 | 5,210,753 |
| Sale of rental properties | 2,438,747 | - | - | - |
| Net cash provided by investing activities | -1,073,869 | -9,374,613 | -4,021,297 | -40,919,964 |
| Payment of financing costs | - | 1,597,538 | - | - |
| Proceeds of mortgage notes payable | - | 19,573,110 | 682,520 | 56,746,890 |
| Principal payments of mortgage notes payable | 813,356 | 802,705 | 792,018 | 20,482,614 |
| Stock buyback | 134,196 | 422,715 | 107,253 | 291,218 |
| Distributions to partners | 1,394,763 | 1,381,245 | 1,412,380 | 13,999,902 |
| Net cash (used in) provided by financing activities | -2,342,315 | 15,368,907 | -1,629,131 | 21,973,156 |
| Net increase in cash and cash equivalents | -1,109,227 | 13,294,773 | -3,303,299 | -938,436 |
| Cash and cash equivalents, at beginning of period | 26,668,978 | 13,374,205 | 17,615,940 | - |
| Cash and cash equivalents, at end of period | 25,559,751 | 26,668,978 | 13,374,205 | - |
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)