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Side-by-side financial comparison of AvalonBay Communities (AVB) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($1.8M vs $205.6K, roughly 8.9× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). AvalonBay Communities runs the higher net margin — 9040.6% vs -677.3%, a 9717.9% gap on every dollar of revenue. On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (8.4% vs 5.5%). Over the past eight quarters, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's revenue compounded faster (6.0% CAGR vs 1.1%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.
AVB vs NEN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.8M | $205.6K |
| Net Profit | $166.0M | $-1.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 9040.6% | -677.3% |
| Revenue YoY | 5.5% | 8.4% |
| Net Profit YoY | -41.2% | -133.0% |
| EPS (diluted) | $1.18 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.8M | $205.6K | ||
| Q3 25 | $1.9M | $195.4K | ||
| Q2 25 | $1.6M | $202.1K | ||
| Q1 25 | $1.7M | $192.8K | ||
| Q4 24 | $1.7M | $189.7K | ||
| Q3 24 | $1.7M | $187.9K | ||
| Q2 24 | $1.8M | $209.0K | ||
| Q1 24 | $1.8M | $183.0K |
| Q4 25 | $166.0M | $-1.4M | ||
| Q3 25 | $381.3M | $-521.8K | ||
| Q2 25 | $268.7M | $4.1M | ||
| Q1 25 | $236.6M | $3.8M | ||
| Q4 24 | $282.1M | $4.2M | ||
| Q3 24 | $372.5M | $3.9M | ||
| Q2 24 | $253.9M | $4.1M | ||
| Q1 24 | $173.4M | $3.5M |
| Q4 25 | 9040.6% | -677.3% | ||
| Q3 25 | 20390.7% | -267.1% | ||
| Q2 25 | 16854.8% | 2053.2% | ||
| Q1 25 | 13581.9% | 1969.0% | ||
| Q4 24 | 16212.2% | 2222.3% | ||
| Q3 24 | 21708.6% | 2080.6% | ||
| Q2 24 | 13876.2% | 1948.6% | ||
| Q1 24 | 9662.9% | 1893.0% |
| Q4 25 | $1.18 | — | ||
| Q3 25 | $2.68 | — | ||
| Q2 25 | $1.88 | — | ||
| Q1 25 | $1.66 | — | ||
| Q4 24 | $1.99 | — | ||
| Q3 24 | $2.61 | — | ||
| Q2 24 | $1.78 | — | ||
| Q1 24 | $1.22 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | $26.7M |
| Total DebtLower is stronger | $9.3B | $531.0M |
| Stockholders' EquityBook value | $11.6B | — |
| Total Assets | $22.2B | $505.3M |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $26.7M | ||
| Q3 25 | $123.3M | $13.4M | ||
| Q2 25 | $102.8M | $16.7M | ||
| Q1 25 | $53.3M | $30.9M | ||
| Q4 24 | $108.6M | $17.6M | ||
| Q3 24 | $552.4M | $15.1M | ||
| Q2 24 | $545.8M | $13.5M | ||
| Q1 24 | $287.9M | $28.8M |
| Q4 25 | $9.3B | $531.0M | ||
| Q3 25 | $8.7B | $514.2M | ||
| Q2 25 | $8.7B | $514.3M | ||
| Q1 25 | $8.3B | $407.8M | ||
| Q4 24 | $8.1B | $408.6M | ||
| Q3 24 | $8.4B | $409.3M | ||
| Q2 24 | $8.4B | $410.0M | ||
| Q1 24 | $8.0B | $410.7M |
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.9B | — | ||
| Q2 25 | $11.9B | — | ||
| Q1 25 | $11.9B | — | ||
| Q4 24 | $11.9B | — | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $11.7B | — | ||
| Q1 24 | $11.7B | — |
| Q4 25 | $22.2B | $505.3M | ||
| Q3 25 | $21.9B | $492.9M | ||
| Q2 25 | $21.8B | $494.8M | ||
| Q1 25 | $21.2B | $385.2M | ||
| Q4 24 | $21.0B | $393.5M | ||
| Q3 24 | $21.3B | $387.4M | ||
| Q2 24 | $21.0B | $383.7M | ||
| Q1 24 | $20.6B | $381.2M |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $400.4M | $7.3M |
| Free Cash FlowOCF − Capex | $322.5M | — |
| FCF MarginFCF / Revenue | 17563.8% | — |
| Capex IntensityCapex / Revenue | 4246.2% | — |
| Cash ConversionOCF / Net Profit | 2.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $400.4M | $7.3M | ||
| Q3 25 | $477.0M | $2.3M | ||
| Q2 25 | $377.8M | $12.5M | ||
| Q1 25 | $415.9M | $5.5M | ||
| Q4 24 | $328.8M | $12.0M | ||
| Q3 24 | $486.2M | $8.5M | ||
| Q2 24 | $380.0M | $5.4M | ||
| Q1 24 | $412.9M | $6.1M |
| Q4 25 | $322.5M | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $271.9M | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
| Q4 25 | 17563.8% | — | ||
| Q3 25 | 21507.4% | — | ||
| Q2 25 | 19896.0% | — | ||
| Q1 25 | 21098.3% | — | ||
| Q4 24 | 15626.2% | — | ||
| Q3 24 | 25305.2% | — | ||
| Q2 24 | 18195.7% | — | ||
| Q1 24 | 20914.5% | — |
| Q4 25 | 4246.2% | — | ||
| Q3 25 | 3998.4% | — | ||
| Q2 25 | 3806.1% | — | ||
| Q1 25 | 2776.7% | — | ||
| Q4 24 | 3271.1% | — | ||
| Q3 24 | 3026.3% | — | ||
| Q2 24 | 2568.9% | — | ||
| Q1 24 | 2088.6% | — |
| Q4 25 | 2.41× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | 3.02× | ||
| Q1 25 | 1.76× | 1.44× | ||
| Q4 24 | 1.17× | 2.84× | ||
| Q3 24 | 1.31× | 2.17× | ||
| Q2 24 | 1.50× | 1.32× | ||
| Q1 24 | 2.38× | 1.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
