New England Real Asso | 10-Q: FY2025 Q2 Revenue: USD 21.24 M

Revenue: As of FY2025 Q2, the actual value is USD 21.24 M.

Segment Revenue

• Rental Income: For the three months ended June 30, 2025, rental income was $21,037,991, an increase of 6.0% from $19,841,559 in the same period in 2024.
• Laundry and Sundry Income: For the three months ended June 30, 2025, laundry and sundry income was $202,117, a decrease of 3.3% from $209,007 in the same period in 2024.

Operational Metrics

• Net Income: For the three months ended June 30, 2025, net income was $4,149,881, an increase of 1.9% from $4,072,726 in the same period in 2024.
• Income Before Other Income (Expense): For the three months ended June 30, 2025, income before other income (expense) was $7,063,573, an increase of 8.0% from $6,538,164 in the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the six months ended June 30, 2025, net cash provided by operating activities was $18,008,372, compared to $11,487,102 for the same period in 2024.

Unique Metrics

• Interest Income: For the three months ended June 30, 2025, interest income was $737,413, a decrease of 33.7% from $1,112,988 in the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The Partnership plans to continue acquiring additional properties and may reserve proceeds from refinancing and sales for this purpose. If acquisitions do not meet investment criteria, the Partnership may purchase additional depositary receipts.
• Non-Core Business: The Partnership is engaged in the construction of the Mill Street Development project, expected to be completed in the fourth quarter of 2025, with a total anticipated investment of approximately $33 million.