NEN Overview

• Analyst Blog Highlights: Zacks.com features stocks like Oracle, Costco, and Cisco in its Analyst Blog, showcasing research reports on 16 major stocks, including two micro-cap companies, Universal Health Realty and New England Realty Associates.

• Oracle's Performance: Oracle's shares have outperformed the software industry, driven by its cloud infrastructure growth and strategic partnerships, although increased spending on product enhancements may limit margin expansion.

• Costco's Resilience: Costco has shown steady growth through its membership model and operational efficiency, with expectations for a significant increase in earnings per share and revenue in fiscal 2026.

• Cisco's Evolving Business Model: Cisco has transitioned to a subscription-based revenue model, bolstered by acquisitions and strong demand for AI infrastructure, despite facing competitive pressures in the networking industry.

• Research Reports Overview: The Zacks Research Daily highlights new reports on 16 major stocks, including Oracle, Costco, and Cisco, along with two micro-cap stocks, showcasing unique research on smaller companies.

• Oracle's Performance: Oracle has outperformed its industry, driven by its cloud infrastructure and partnerships, with expected net sales growth of 15.8% for fiscal 2026, despite challenges from increased competition.

• Costco's Resilience: Costco's membership model and operational excellence have helped it navigate market challenges, with projected earnings growth of 10.9% in fiscal 2026, supported by strong e-commerce and supply chain strategies.

• Cisco's Growth Strategy: Cisco has seen strong performance due to its subscription revenue model and acquisitions, with significant demand for AI infrastructure, although it faces competition in the networking sector.

• Quarterly Distribution Announcement: New England Realty Associates Limited Partnership will distribute quarterly payments to Class A Limited Partners and Depositary Receipts on December 31, 2025.

• Distribution Amounts: The distribution will be $12.00 per Class A Limited Partnership Unit and $0.40 per Depositary Receipt, with each Receipt representing one-thirtieth of a Class A Partnership Unit.

• Featured Stocks: Zacks.com highlights stocks such as Alphabet Inc., Morgan Stanley, ServiceNow, New England Realty Associates, and Bridger Aerospace, providing insights into their performance, growth prospects, and challenges in the current market landscape.

• Research Reports: The Zacks Research Daily offers detailed reports on 16 major stocks, emphasizing the unique microcap research on smaller companies, and includes a daily article, 'Ahead of Wall Street', to prepare investors for market movements based on economic releases.

Zacks Research Daily Highlights

• Featured Stocks: Today's report includes research on 16 major stocks, notably Alphabet Inc. (GOOGL), Morgan Stanley (MS), and ServiceNow, Inc. (NOW), along with micro-cap stocks New England Realty Associates Limited Partnership (NEN) and Bridger Aerospace Group Holdings, Inc. (BAER). The micro-cap research is unique in the country.

• Market Insights: The 'Ahead of Wall Street' article provides insights into economic releases and their potential impact on market actions, available for free on the Zacks homepage.

Alphabet Inc. (GOOGL)

• Performance Overview: GOOGL shares have increased by 11.8% year-to-date, slightly below the Zacks Internet - Services industry’s 13.1% gain. The company is experiencing strong growth in its cloud and search segments.

• Cloud Growth: Google Cloud's annual revenue run rate has surpassed $50 billion, driven by advancements in AI infrastructure and Generative AI Solutions. The Circle to Search feature is now active on over 300 million devices, and AI Overviews reach over 2 billion users monthly, increasing global queries by over 10%.

• Challenges: Despite growth, GOOGL faces litigation issues and intense competition in the cloud sector.

Morgan Stanley (MS)

• Stock Performance: MS shares have outperformed the Zacks Financial - Investment Bank industry, rising 48.7% compared to 43.5% over the past year.

• Growth Drivers: The company is focusing on wealth and asset management, with projected investment banking fees and total revenues expected to grow by 3.9% and 3.6%, respectively, in 2025.

• Concerns: Operating expenses are anticipated to rise by 7% this year, and uncertainty in capital market performance poses a risk.

ServiceNow, Inc. (NOW)

• Market Position: ServiceNow shares have outperformed the Zacks Computers - IT Services industry, with a 7.3% increase compared to a decline of 8.6% in the industry.

• Business Growth: The company reported 11 deals exceeding $5 million in net new annual contract value in Q2 2025 and raised its subscription revenue guidance for 2025 to between $12.775 billion and $12.795 billion, indicating a growth rate of 19.5-20%.

• Future Outlook: ServiceNow is on track to exceed $15 billion in subscription revenues by 2026, bolstered by AI and machine learning technologies.

New England Realty Associates Limited Partnership (NEN)

• Stock Performance: NEN shares have underperformed, declining by 1% compared to the Zacks Real Estate - Operations industry’s 19.2% gain.

• Financial Challenges: The company faces a 26% increase in debt to $511.2 million and a rising residential vacancy rate of 2.4%.

• Positive Developments: The acquisition of Hill Estates adds 399 units, enhancing cash flows, while rental income grew by 5% in H1 2025 to $41.5 million.

Bridger Aerospace Group Holdings, Inc. (BAER)

• Stock Performance: BAER shares have underperformed the Zacks Aerospace - Defense industry, declining 24.1% compared to a 13.3% gain in the industry.

• Operational Risks: The company faces cash burn and reliance on low-margin work, with a concentration on federal contracts posing risks.

• Growth Potential: BAER operates the only CL-415EAF Scooper fleet in the U.S., benefiting from long-term government contracts and a $46 million sale-leaseback that improves liquidity.

Additional Reports

• Other Notable Stocks: The report also highlights Waste Management, Seagate Technology, and Synchrony Financial, focusing on their respective growth strategies and challenges.

• Market Trends: The semiconductor market is projected to grow from $452 billion in 2021 to $971 billion by 2028, indicating significant opportunities for companies in this sector.

• Investment Recommendations: Zacks Investment Research offers insights into the best stocks for the upcoming month, emphasizing the importance of strategic investments in high-growth sectors.

• Quarterly Distribution Announcement: New England Realty Associates Limited Partnership will distribute $12.00 per Class A Limited Partnership Unit and $0.40 per Depositary Receipt on September 30, 2025, to holders of record as of September 15, 2025.

• Depositary Receipts Information: Each Depositary Receipt represents one-thirtieth of a Class A Partnership Unit and is traded on the NYSE MKT under the symbol "NEN".