NEN
New England Realty Associates Limited Partnership
Real Estate - Services
Market Cap$168M
5Y Perf.+19.1%
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Stock Comparison
NEN vs AIV vs NHI
Revenue, margins, valuation, and 5-year total return — side by side.
AIV
Apartment Investment and Management Company
REIT - Residential
Market Cap$596M
5Y Perf.-13.4%
NHI
National Health Investors, Inc.
REIT - Healthcare Facilities
Market Cap$3.54B
5Y Perf.+31.7%
NEN vs AIV vs NHI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | NEN | AIV | NHI |
|---|---|---|---|
| Industry | Real Estate - Services | REIT - Residential | REIT - Healthcare Facilities |
| Market Cap | $168M | $596M | $3.54B |
| Revenue (TTM) | $89M | $193M | $402M |
| Net Income (TTM) | $6M | $554M | $148M |
| Gross Margin | 49.1% | 55.2% | 52.4% |
| Operating Margin | 24.4% | 66.3% | 35.6% |
| Forward P/E | 34.7x | 1.1x | 21.6x |
| Total Debt | $528M | $0.00 | $1.16B |
| Cash & Equiv. | $26.67B | $395M | $20M |
NEN vs AIV vs NHI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
NEN
AIV
NHI
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| New England Realty … (NEN) | 100 | 119.1 | +19.1% |
| Apartment Investmen… (AIV) | 100 | 86.6 | -13.4% |
| National Health Inv… (NHI) | 100 | 131.7 | +31.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NEN vs AIV vs NHI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: AIV leads in 3 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. New England Realty Associates Limited Partnership is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
NEN
New England Realty Associates Limited Partnership
The Real Estate Income Play
NEN is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 7 yrs, beta 0.14, yield 8.0%
- Lower volatility, beta 0.14, current ratio 4247.47x
- Beta 0.14, yield 8.0%, current ratio 4247.47x
Best for: income & stability and sleep-well-at-night
AIV
Apartment Investment and Management Company
The Real Estate Income Play
AIV has the current edge in this matchup, primarily because of its strength in long-term compounding.
- 86.9% 10Y total return vs NHI's 59.2%
- Lower P/E (1.1x vs 21.6x)
- 287.7% margin vs NEN's 6.8%
Best for: long-term compounding
NHI
National Health Investors, Inc.
The Real Estate Income Play
NHI is the clearest fit if your priority is growth exposure.
- Rev growth 12.9%, EPS growth -3.5%, 3Y rev CAGR 10.8%
- 12.9% FFO/revenue growth vs AIV's -100.0%
- +0.9% vs NEN's -21.5%
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | NHI | 12.9% FFO/revenue growth vs AIV's -100.0% |
| Value | AIV | Lower P/E (1.1x vs 21.6x) |
| Quality / Margins | AIV | 287.7% margin vs NEN's 6.8% |
| Stability / Safety | NEN | Beta 0.14 vs AIV's 0.69 |
| Dividends | NEN | 8.0% yield, 7-year raise streak, vs AIV's 69.3% |
| Momentum (1Y) | NHI | +0.9% vs NEN's -21.5% |
| Efficiency (ROA) | AIV | 29.6% ROA vs NEN's 1.3% |
NEN vs AIV vs NHI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
FY 2025
NEN vs AIV vs NHI — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLNHILAGGINGAIV
AIVApartment Investment …
1leads
NENNew England Realty As…
1leads
NHINational Health Inves…
3leads
6 Total Categories
CATEGORYLEADERvs NENvs AIVMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
AIV4/6
Valuation MetricsMultiples, price ratios, and targets
NEN3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
NHI4/8
Total Returns1Y, 3Y, 5Y total returns with dividends
NHI4/6
Risk & VolatilityBeta, volatility, and downside exposure
NHI2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
AIV leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NHI is the larger business by revenue, generating $402M annually — 4.5x NEN's $89M. Profitability is closely matched — net margins range from 2.9% (AIV) to 6.8% (NEN). On growth, NHI holds the edge at +28.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | NENNew England Realt… | AIVApartment Investm… | NHINational Health I… |
|---|---|---|---|
| RevenueTrailing 12 months | $89M | $193M | $402M |
| EBITDAEarnings before interest/tax | $45M | $186M | $229M |
| Net IncomeAfter-tax profit | $6M | $554M | $148M |
| Free Cash FlowCash after capex | $27M | -$230M | $229M |
| Gross MarginGross profit ÷ Revenue | +49.1% | +55.2% | +52.4% |
| Operating MarginEBIT ÷ Revenue | +24.4% | +66.3% | +35.6% |
| Net MarginNet income ÷ Revenue | +6.8% | +2.9% | +36.8% |
| FCF MarginFCF ÷ Revenue | +30.7% | -119.5% | +56.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.7% | -3.4% | +28.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -133.3% | +25.9% | +10.8% |
AIV leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
NEN leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 1.1x trailing earnings, AIV trades at a 97% valuation discount to NEN's 34.7x P/E. On an enterprise value basis, AIV's 2.0x EV/EBITDA is more attractive than NHI's 16.8x.
| Metric | NENNew England Realt… | AIVApartment Investm… | NHINational Health I… |
|---|---|---|---|
| Market CapShares × price | $168M | $596M | $3.5B |
| Enterprise ValueMkt cap + debt − cash | -$26.0B | $201M | $4.7B |
| Trailing P/EPrice ÷ TTM EPS | 34.71x | 1.10x | 24.20x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 21.58x |
| PEG RatioP/E ÷ EPS growth rate | 1.00x | — | — |
| EV / EBITDAEnterprise value multiple | -1.12x | 2.01x | 16.82x |
| Price / SalesMarket cap ÷ Revenue | 1.89x | — | 9.36x |
| Price / BookPrice ÷ Book value/share | — | 1.15x | 2.23x |
| Price / FCFMarket cap ÷ FCF | 0.01x | — | 16.08x |
NEN leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
NHI leads this category, winning 4 of 8 comparable metrics.
Profitability & Efficiency
AIV delivers a 162.9% return on equity — every $100 of shareholder capital generates $163 in annual profit, vs $10 for NHI. On the Piotroski fundamental quality scale (0–9), NHI scores 6/9 vs AIV's 3/9, reflecting solid financial health.
| Metric | NENNew England Realt… | AIVApartment Investm… | NHINational Health I… |
|---|---|---|---|
| ROE (TTM)Return on equity | — | +162.9% | +9.8% |
| ROA (TTM)Return on assets | +1.3% | +29.6% | +5.3% |
| ROICReturn on invested capital | — | +4.2% | +5.6% |
| ROCEReturn on capital employed | +4.9% | +2.3% | +8.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 | 6 |
| Debt / EquityFinancial leverage | — | — | 0.76x |
| Net DebtTotal debt minus cash | -$26.1B | -$395M | $1.1B |
| Cash & Equiv.Liquid assets | $26.7B | $395M | $20M |
| Total DebtShort + long-term debt | $528M | $0 | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 1.17x | 0.70x | 3.45x |
NHI leads this category, winning 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
NHI leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NHI five years ago would be worth $12,999 today (with dividends reinvested), compared to $12,616 for NEN. Over the past 12 months, NHI leads with a +0.9% total return vs NEN's -21.5%. The 3-year compound annual growth rate (CAGR) favors NHI at 19.4% vs NEN's -0.1% — a key indicator of consistent wealth creation.
| Metric | NENNew England Realt… | AIVApartment Investm… | NHINational Health I… |
|---|---|---|---|
| YTD ReturnYear-to-date | -6.8% | -3.4% | -3.7% |
| 1-Year ReturnPast 12 months | -21.5% | -1.6% | +0.9% |
| 3-Year ReturnCumulative with dividends | -0.4% | +6.8% | +70.3% |
| 5-Year ReturnCumulative with dividends | +26.2% | +29.2% | +30.0% |
| 10-Year ReturnCumulative with dividends | +49.2% | +86.9% | +59.2% |
| CAGR (3Y)Annualised 3-year return | -0.1% | +2.2% | +19.4% |
NHI leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
NHI leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NHI is the less volatile stock with a -0.08 beta — it tends to amplify market swings less than AIV's 0.69 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NHI currently trades 80.4% from its 52-week high vs AIV's 47.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | NENNew England Realt… | AIVApartment Investm… | NHINational Health I… |
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.14x | 0.69x | -0.08x |
| 52-Week HighHighest price in past year | $79.85 | $8.87 | $90.94 |
| 52-Week LowLowest price in past year | $56.00 | $3.94 | $68.80 |
| % of 52W HighCurrent price vs 52-week peak | +74.8% | +47.9% | +80.4% |
| RSI (14)Momentum oscillator 0–100 | 50.2 | 51.3 | 29.0 |
| Avg Volume (50D)Average daily shares traded | 986 | 3.2M | 323K |
NHI leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — NEN and AIV each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: AIV as "Hold", NHI as "Hold". Consensus price targets imply 135.3% upside for AIV (target: $10) vs 16.8% for NHI (target: $85). For income investors, AIV offers the higher dividend yield at 69.32% vs NHI's 4.93%.
| Metric | NENNew England Realt… | AIVApartment Investm… | NHINational Health I… |
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold | Hold |
| Price TargetConsensus 12-month target | — | $10.00 | $85.40 |
| # AnalystsCovering analysts | — | 3 | 18 |
| Dividend YieldAnnual dividend ÷ price | +8.0% | +69.3% | +4.9% |
| Dividend StreakConsecutive years of raises | 7 | 1 | 1 |
| Dividend / ShareAnnual DPS | $4.80 | $2.95 | $3.61 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | +0.0% | 0.0% |
Evenly matched — NEN and AIV each lead in 1 of 2 comparable metrics.
Key Takeaway
NHI leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). AIV leads in 1 (Income & Cash Flow). 1 tied.
Best OverallNational Health Investors, … (NHI)Leads 3 of 6 categories
Loading custom metrics...
NEN vs AIV vs NHI: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NEN or AIV or NHI a better buy right now?
For growth investors, National Health Investors, Inc.
(NHI) is the stronger pick with 12. 9% revenue growth year-over-year, versus -100. 0% for Apartment Investment and Management Company (AIV). Apartment Investment and Management Company (AIV) offers the better valuation at 1. 1x trailing P/E, making it the more compelling value choice. Analysts rate Apartment Investment and Management Company (AIV) a "Hold" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NEN or AIV or NHI?
On trailing P/E, Apartment Investment and Management Company (AIV) is the cheapest at 1.
1x versus New England Realty Associates Limited Partnership at 34. 7x.
03Which is the better long-term investment — NEN or AIV or NHI?
Over the past 5 years, National Health Investors, Inc.
(NHI) delivered a total return of +30. 0%, compared to +26. 2% for New England Realty Associates Limited Partnership (NEN). Over 10 years, the gap is even starker: AIV returned +86. 9% versus NEN's +49. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NEN or AIV or NHI?
By beta (market sensitivity over 5 years), National Health Investors, Inc.
(NHI) is the lower-risk stock at -0. 08β versus Apartment Investment and Management Company's 0. 69β — meaning AIV is approximately -917% more volatile than NHI relative to the S&P 500.
05Which is growing faster — NEN or AIV or NHI?
By revenue growth (latest reported year), National Health Investors, Inc.
(NHI) is pulling ahead at 12. 9% versus -100. 0% for Apartment Investment and Management Company (AIV). On earnings-per-share growth, the picture is similar: Apartment Investment and Management Company grew EPS 623. 0% year-over-year, compared to -61. 4% for New England Realty Associates Limited Partnership. Over a 3-year CAGR, NHI leads at 10. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NEN or AIV or NHI?
Apartment Investment and Management Company (AIV) is the more profitable company, earning 287.
7% net margin versus 6. 8% for New England Realty Associates Limited Partnership — meaning it keeps 287. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AIV leads at 66. 3% versus 24. 4% for NEN. At the gross margin level — before operating expenses — AIV leads at 55. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NEN or AIV or NHI more undervalued right now?
Analyst consensus price targets imply the most upside for AIV: 135.
3% to $10. 00.
08Which pays a better dividend — NEN or AIV or NHI?
All stocks in this comparison pay dividends.
Apartment Investment and Management Company (AIV) offers the highest yield at 69. 3%, versus 4. 9% for National Health Investors, Inc. (NHI).
09Is NEN or AIV or NHI better for a retirement portfolio?
For long-horizon retirement investors, National Health Investors, Inc.
(NHI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 08), 4. 9% yield). Both have compounded well over 10 years (NHI: +59. 2%, AIV: +86. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NEN and AIV and NHI?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NEN is a small-cap income-oriented stock; AIV is a small-cap deep-value stock; NHI is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(NEN: 15.7% · AIV: -3.4%)Net Margin>
%
(NEN: 6.8% · AIV: 287.7%)P/E Ratio<
x
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