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

Rhea-AI Summary

New England Realty Associates LP will distribute $12.00 per Class A Partnership Unit and $0.40 per Depositary Receipt on June 28, 2024, to holders as of June 14, 2024.

Insights

Financial Analyst

The announced quarterly distribution of $12.00 per Class A Limited Partnership Unit and $0.40 per Depositary Receipt is a key figure for current and potential investors as it reflects the company's ability to generate cash and return a portion of it to its shareholders. Investors should evaluate this distribution in the context of the company's overall financial health, including revenue, net income, cash flow and debt levels. Comparing the distribution amount to previous quarters can provide insights into the company's performance trends. Furthermore, the distribution yield calculated by dividing the annual distribution rate by the unit's current market price offers investors a tangible measure to compare against other investment opportunities in terms of income generation. A stable or increasing distribution could signify effective management and a potentially healthy financial state, whereas a decrease might raise questions about sustainability or profitability.

Tax Advisor

For investors, understanding the tax implications of distributions from a limited partnership is essential. Unlike dividends from corporations, which are typically taxed at a fixed rate, distributions from a limited partnership, such as New England Realty Associates, may be a mix of return on capital and income. This can affect the way the distributions are taxed and can lead to different tax outcomes depending on the investor's tax situation. It is advisable for investors to consult with a tax professional to understand the specific impact on their tax liabilities. Additionally, recognizing that each Depositary Receipt represents a one-thirtieth ownership of a Class A Partnership Unit highlights the importance of understanding the rights and tax obligations associated with fractional ownership in a partnership.

ALLSTON, Mass., May 9, 2024 /PRNewswire/ -- On June 28, 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 June 14, 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".

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SOURCE New England Realty Associates Limited Partnership

FAQ

When will New England Realty Associates LP distribute the second-quarter distribution?

New England Realty Associates LP will distribute the second-quarter distribution on June 28, 2024.

What is the amount per Class A Partnership Unit in the quarterly distribution?

The amount per Class A Partnership Unit in the quarterly distribution is $12.00.

What is the amount per Depositary Receipt in the quarterly distribution?

The amount per Depositary Receipt in the quarterly distribution is $0.40.

Where are the Depositary Receipts of New England Realty Associates LP listed?

The Depositary Receipts of New England Realty Associates LP are listed on The NYSE MKT under the trading symbol 'NEN'.