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New England Realty Associates LP Announces Second-Quarter Distribution on Class A Units and Depositary Receipts

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New England Realty Associates Partnership (NYSE MKT: NEN) has announced its quarterly distribution for Q2. The company will distribute $12.00 per Class A Partnership Unit and $0.40 per Depositary Receipt. The distribution will be made on December 31, 2024, to shareholders of record as of December 16, 2024. Each Depositary Receipt represents one-thirtieth ownership of a Class A Partnership Unit and trades on NYSE MKT under the symbol 'NEN'.

New England Realty Associates Partnership (NYSE MKT: NEN) ha annunciato la sua distribuzione trimestrale per il secondo trimestre. L'azienda distribuirà 12,00 $ per ogni Unità di Partecipazione di Classe A e 0,40 $ per ogni Ricevuta di Deposito. La distribuzione avverrà il 31 dicembre 2024, agli azionisti registrati al 16 dicembre 2024. Ogni Ricevuta di Deposito rappresenta un trentesimo della proprietà di un'Unità di Partecipazione di Classe A e viene negoziata su NYSE MKT con il simbolo 'NEN'.

New England Realty Associates Partnership (NYSE MKT: NEN) ha anunciado su distribución trimestral para el segundo trimestre. La compañía distribuirá 12,00 $ por cada Unidad de Asociación de Clase A y 0,40 $ por Recibo de Depósito. La distribución se realizará el 31 de diciembre de 2024, a los accionistas que estén registrados hasta el 16 de diciembre de 2024. Cada Recibo de Depósito representa una trigésima parte de la propiedad de una Unidad de Asociación de Clase A y se comercia en NYSE MKT bajo el símbolo 'NEN'.

뉴잉글랜드 리얼티 어소시에이츠 파트너십 (NYSE MKT: NEN)이 2분기에 대한 분기 배당금을 발표했습니다. 이 회사는 클래스 A 파트너십 유닛당 12.00달러예탁증서당 0.40달러를 배당합니다. 배당금은 2024년 12월 31일에 지급되며, 2024년 12월 16일 기준의 주주에게 지급됩니다. 각 예탁증서는 클래스 A 파트너십 유닛의 30분의 1 소유권을 나타내며, NYSE MKT에서 'NEN' 기호로 거래됩니다.

New England Realty Associates Partnership (NYSE MKT: NEN) a annoncé sa distribution trimestrielle pour le deuxième trimestre. La société distribuera 12,00 $ par Unité de Partenariat de Classe A et 0,40 $ par Reçu de Dépôt. La distribution sera effectuée le 31 décembre 2024, aux actionnaires enregistrés au 16 décembre 2024. Chaque Reçu de Dépôt représente un trentième de propriété d'une Unité de Partenariat de Classe A et est négocié sur NYSE MKT sous le symbole 'NEN'.

New England Realty Associates Partnership (NYSE MKT: NEN) hat seine Quartalsdividende für das zweite Quartal angekündigt. Das Unternehmen wird 12,00 $ pro Klasse A Partnerschaftseinheit und 0,40 $ pro Depotbeleg ausschütten. Die Ausschüttung erfolgt am 31. Dezember 2024 an die Aktionäre, die bis zum 16. Dezember 2024 im Register stehen. Jeder Depotbeleg repräsentiert ein dreißigstel Eigentum an einer Klasse A Partnerschaftseinheit und wird an der NYSE MKT unter dem Symbol 'NEN' gehandelt.

Positive
  • Maintaining consistent quarterly distribution to shareholders
  • $12.00 per Unit distribution demonstrates strong cash flow generation
Negative
  • None.

Insights

The announced quarterly distribution demonstrates New England Realty Associates' consistent dividend policy, with $12.00 per Class A Unit and $0.40 per Depositary Receipt. The 30:1 ratio between Unit and Receipt distributions maintains the established structure where each Depositary Receipt represents 1/30th of a Class A Partnership Unit. For investors, this translates to an annualized distribution of $48.00 per Unit or $1.60 per Depositary Receipt. Given the current market cap of $277.2M, this distribution reflects the company's commitment to returning value to unitholders through regular cash payments.

ALLSTON, Mass., Nov. 11, 2024 /PRNewswire/ -- On December 31, 2024, New England Realty Associates Limited Partnership (NYSE MKT: NEN) will make its quarterly distribution to its Class A Limited Partners and holders of Depositary Receipts of record as of December 16, 2024.  The quarterly distribution per Class A Limited Partnership Unit will be $12.00 per Unit.  The quarterly distribution per Depositary Receipt will be $0.40.  Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit.  Depositary Receipts are listed on The NYSE MKT under the trading symbol "NEN".

Cision View original content:https://www.prnewswire.com/news-releases/new-england-realty-associates-lp-announces-second-quarter-distribution-on-class-a-units-and-depositary-receipts-302301215.html

SOURCE New England Realty Associates Limited Partnership

FAQ

What is New England Realty Associates (NEN) Q2 2024 distribution amount?

New England Realty Associates will distribute $12.00 per Class A Partnership Unit and $0.40 per Depositary Receipt.

When is the record date for NEN's Q2 2024 distribution?

The record date for New England Realty Associates' Q2 2024 distribution is December 16, 2024.

When will NEN pay its Q2 2024 distribution?

New England Realty Associates will pay its Q2 2024 distribution on December 31, 2024.

What is the conversion ratio between NEN's Depositary Receipts and Class A Units?

Each Depositary Receipt represents beneficial ownership of one-thirtieth of a Class A Partnership Unit.

New England Realty Associates Limited Partnership

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284.09M
2.80M
34.28%
2.99%
0.04%
Real Estate Services
Operators of Apartment Buildings
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United States of America
ALLSTON