New England Realty Associates reported FY 2025 net income of USD 6.03 million, down 62% from FY 2024. FY 2025 rental income rose 11% to USD 88.4 million, while total expenses increased 23% to USD 67.85 million. FY 2025 interest income fell 60% to USD 1.8 million, which management attributed to using U.S. Treasury bills to acquire Hill Estates, 26 Brighton Avenue and 90 Concord properties. FY 2025 interest expense rose 20% to USD 18.59 million, driven by additional borrowings including a USD 40 million advance at a 5.99% fixed rate on the KeyBank master credit facility. As of Feb. 1, 2026, the residential vacancy rate increased 2.1 percentage points to 4.4%, with about half of overall vacancy tied to renovations at Hill Estates and lease-up at Mill Street Heights.

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