J. W. Mays, Inc.
38.22+0.00 (+0%)
Oct 21, 4:00:00 PM EDT · NasdaqCM · MAYS · USD
Key Stats
Market Cap
77.04MP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
10-K
FY2025 results
J.W. Mays navigated a tough FY2025 with rental revenue holding steady amid tenant churn, but Q4 leasing deals in Brooklyn and Massapequa signaled momentum. Annual occupancy dipped to 52.69% at the flagship Fulton Street property from 51.83% in FY2024, while Jowein building held at 83.52%; yet Q4 expansions and new leases offset losses from non-renewals totaling ~$1.2M in annual rent. Fishkill's rate slipped to 24.69% sequentially, underscoring renovation delays. No dividends or buybacks occurred, with liquidity tied to long-term leases through 2073. Q4 rent concessions highlighted tenant support needs. Controlling shareholder influence risks misaligned decisions, potentially stalling quarterly leasing wins.
8-K
Fiscal results released
J.W. Mays, Inc. disclosed its fiscal year-end results on October 22, 2025, covering the three and twelve months ended July 31, 2025, with revenues and net loss figures alongside comparisons to the prior year's periods. The filing attaches the full press release as Exhibit 99(i), highlighting ongoing financial performance amid retail sector pressures. Specific metrics remain detailed in the exhibit. This update underscores persistent challenges in profitability.
8-K
Q3 fiscal results released
J. W. Mays, Inc. disclosed its fiscal third-quarter results on June 11, 2025, covering the three and nine months ended April 30, 2025, with revenues and net loss figures alongside comparisons to the prior-year periods. The filing attaches the full press release as Exhibit 99(i), highlighting ongoing financial performance amid retail operations. Specific metrics remain detailed in the exhibit.
10-Q
Q3 FY2025 results
J.W. Mays swung to a $86,784 net profit in Q3 FY2025 ended April 30, 2025, from a $84,880 loss a year earlier, fueled by 5.0% y/y rental revenue growth to $5.6M from new leases and escalations, while real estate operating expenses held steady. Yet YTD through nine months, a slim $44,240 loss narrowed sharply from $375K last year, thanks to 4.4% y/y revenue rise to $16.8M and cuts in executive payroll offsetting higher taxes and insurance. Operating income turned positive at $113K in Q3 from a $157K loss, with margins edging up as depreciation rose modestly on tenant builds. Cash swelled to $2.3M with $3.3M operating cash flow, less $1.7M capex yielding $1.6M free cash flow (derived), while debt dropped to $3.3M after paying off a $0.5M mortgage in December 2024 at 4.375%; the remaining Fishkill loan at 3.98% faces potential balloon demand post-April 2025, though the bank shows no intent. Solid leasing momentum continues. But lease cancellations loom as a key risk.
10-Q
Q2 FY2025 results
J.W. Mays posted rental revenue of $5.6M for Q2 FY2025 ended January 31, 2025, up 4.2% y/y from $5.4M, driven by new leases and expansions at Brooklyn and Ohio properties, while YTD revenue climbed 4.1% y/y to $11.2M. Operating loss narrowed to $182K from $328K y/y, thanks to lower administrative costs, yet real estate expenses rose on taxes and maintenance; net loss widened slightly to $158K or $0.08/share from $98K or $0.04/share, with the gap tied to absent investment gains from 2024. Cash from operations surged to $1.4M YTD, funding $663K in capex and $575K mortgage paydown, leaving $1.5M cash and $3.3M debt at 3.98% due April 2025. Leases with affiliates continue smoothly. Tenant turnover remains a persistent risk.
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