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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $16.5M, roughly 1.4× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -677.3%, a 652.4% gap on every dollar of revenue.

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.

FVR vs NEN — Head-to-Head

Bigger by revenue
NEN
NEN
1.4× larger
NEN
$23.6M
$16.5M
FVR
Higher net margin
FVR
FVR
652.4% more per $
FVR
-24.9%
-677.3%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FVR
FVR
NEN
NEN
Revenue
$16.5M
$23.6M
Net Profit
$-4.1M
$-1.4M
Gross Margin
Operating Margin
14.0%
Net Margin
-24.9%
-677.3%
Revenue YoY
15.7%
Net Profit YoY
-133.0%
EPS (diluted)
$-0.19

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.

Revenue
FVR
FVR
NEN
NEN
Q4 25
$16.5M
$23.6M
Q3 25
$16.8M
$23.7M
Q2 25
$17.6M
$21.2M
Q1 25
$16.2M
$20.7M
Q4 24
$20.4M
Q3 24
$14.5M
$20.2M
Q2 24
$20.1M
Q1 24
$19.9M
Net Profit
FVR
FVR
NEN
NEN
Q4 25
$-4.1M
$-1.4M
Q3 25
$4.0M
$-521.8K
Q2 25
$-2.9M
$4.1M
Q1 25
$-833.0K
$3.8M
Q4 24
$4.2M
Q3 24
$-2.4M
$3.9M
Q2 24
$4.1M
Q1 24
$3.5M
Operating Margin
FVR
FVR
NEN
NEN
Q4 25
14.0%
Q3 25
20.0%
Q2 25
33.3%
Q1 25
30.1%
Q4 24
32.4%
Q3 24
32.0%
Q2 24
32.6%
Q1 24
28.9%
Net Margin
FVR
FVR
NEN
NEN
Q4 25
-24.9%
-677.3%
Q3 25
23.9%
-2.2%
Q2 25
-16.5%
19.5%
Q1 25
-5.1%
18.3%
Q4 24
20.7%
Q3 24
-16.7%
19.3%
Q2 24
20.3%
Q1 24
17.4%
EPS (diluted)
FVR
FVR
NEN
NEN
Q4 25
$-0.19
Q3 25
$0.19
Q2 25
$-0.16
Q1 25
$-0.06
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FVR
FVR
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$13.5M
$26.7M
Total DebtLower is stronger
$314.3M
$531.0M
Stockholders' EquityBook value
$391.2M
Total Assets
$854.4M
$505.3M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
NEN
NEN
Q4 25
$13.5M
$26.7M
Q3 25
$19.6M
$13.4M
Q2 25
$8.4M
$16.7M
Q1 25
$3.3M
$30.9M
Q4 24
$17.6M
Q3 24
$15.1M
Q2 24
$13.5M
Q1 24
$28.8M
Total Debt
FVR
FVR
NEN
NEN
Q4 25
$314.3M
$531.0M
Q3 25
$307.1M
$514.2M
Q2 25
$316.9M
$514.3M
Q1 25
$310.2M
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
FVR
FVR
NEN
NEN
Q4 25
$391.2M
Q3 25
$385.2M
Q2 25
$369.9M
Q1 25
$324.7M
Q4 24
Q3 24
$1.0K
Q2 24
Q1 24
Total Assets
FVR
FVR
NEN
NEN
Q4 25
$854.4M
$505.3M
Q3 25
$846.8M
$492.9M
Q2 25
$856.5M
$494.8M
Q1 25
$860.8M
$385.2M
Q4 24
$393.5M
Q3 24
$1.0K
$387.4M
Q2 24
$383.7M
Q1 24
$381.2M
Debt / Equity
FVR
FVR
NEN
NEN
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVR
FVR
NEN
NEN
Operating Cash FlowLast quarter
$42.1M
$27.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
NEN
NEN
Q4 25
$42.1M
$27.7M
Q3 25
$8.3M
$2.3M
Q2 25
$9.3M
$12.5M
Q1 25
$8.1M
$5.5M
Q4 24
$31.9M
Q3 24
$8.5M
Q2 24
$5.4M
Q1 24
$6.1M
Cash Conversion
FVR
FVR
NEN
NEN
Q4 25
Q3 25
2.06×
Q2 25
3.02×
Q1 25
1.44×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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