Nov. 13 at 12:55 PM
$NEN swings to a quarterly loss — what's behind the numbers? 📉
🛠️ Acquisitions contributed approximately
$2.9 million to revenue, but surging expenses, especially a 42.3% rise in interest costs, drove the net loss.
📉 Residential vacancy rates increased to 3.2%, and rent growth for new leases declined slightly, signaling weaker pricing power ahead.
Detailed report here 👉 https://www.zacks.com/stock/news/2790418/nera-swings-to-q3-loss-despite-a-boost-in-revenues-from-acquisitions?cid=sm-stocktwits-2-2790418-body-20794&ADID=SYND_STOCKTWITS_TWEET_2_2790418_BODY_20794