New England Realty Associates Limited Partnership Reports Net Income of $6.2 Million for the Third Quarter of 2023
Quarterly Revenue Reaches $18.9 Million
By USInMinutes
Published - Nov 09, 2023, 11:34 AM ET
Last Updated - Dec 01, 2023, 12:09 PM EST
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP [NEN], a leading real estate firm, has announced its financial results for the third quarter ended September 30, 2023. During this period, the company reported a net income of $6.2 million and recorded a quarterly revenue of $18.9 million.
Financial Performance
The company's net income for the third quarter of 2023 showed significant growth compared to the same period last year, which reported a net income of $0.9 million. This represents a remarkable increase of over 100% in net income. The positive financial performance can be attributed to several factors, including higher rental income and improved operating efficiency.
