New England Realty Associates Limited Partnership (NEN) Gross Margin (2010 - 2023)

New England Realty Associates Limited Partnership (NEN) has reported Gross Margin for 14 consecutive years, with 91.51% the latest figure, recorded in Q3 2023.

• For the quarter ending Q3 2023, Gross Margin fell 23.0% year-over-year to 91.51%; the trailing twelve-month figure through Sep 2023 stood at 89.54% (up 46.0% YoY), and the FY2022 full-year result was 89.27%, down 39.0% from the prior year.
• Gross Margin advanced to 91.51% in Q3 2023 per NEN's latest filing, from 90.49% in the prior quarter.
• Across five years, Gross Margin topped out at 92.67% in Q3 2019 and bottomed at 83.86% in Q1 2022.
• Historically, Gross Margin has averaged 89.92% across 5 years, with a median of 90.49% in 2023.
• The sharpest annual moves came in 2020 and 2021: Gross Margin surged 247 bps in 2020, then plunged 337 bps in 2021.
• Over 5 years, Gross Margin stood at 89.9% in 2019, then decreased by 1 bps to 89.36% in 2020, then climbed by 0 bps to 89.61% in 2021, then gained by 1 bps to 90.31% in 2022, then climbed by 1 bps to 91.51% in 2023.
• According to Business Quant data, Gross Margin over the past three periods registered 91.51%, 90.49%, and 85.68% for Q3 2023, Q2 2023, and Q1 2023 respectively.