New England Realty Associates LP

New England Realty Associates Limited Partnership reported a net loss of $9.99 per unit for the second quarter of 2026, swinging from net income of $35.59 per unit a year earlier. Total revenues rose 14.9% to $24.4 million, driven by rental income growth of 15% to $24.2 million, but operating expenses climbed 43.6% to $20.4 million and interest expense increased 38.6% to $5.7 million. The partnership's net loss was $1.2 million, compared with net income of $4.2 million in the prior-year quarter. Residential vacancies rose to 2.68% from 2.35%, and the commercial vacancy rate increased to 8.52% from 4.64%. The partnership approved a quarterly distribution of $12 per unit, payable on September 30, 2026.