J.W. Mays, Inc. filings document a commercial real estate company whose common stock is registered on Nasdaq under the symbol MAYS. Its reports cover revenues and operating results from leased office and retail properties, formal earnings releases furnished on Form 8-K, and liquidity-related disclosures tied to the management of its real estate portfolio.
The company’s SEC record also includes material financing disclosures, including a mortgage-backed loan obtained by its wholly owned J.W.M. Realty Corp. subsidiary and guaranteed by the company, as well as proxy materials and annual-meeting results covering director elections, board size, auditor ratification, executive compensation advisory votes and shareholder voting outcomes.
J. W. Mays, Inc. reported revenues from operations of $5,316,859 for the three months ended July 31, 2026, compared with $5,654,985 in the comparable 2025 period. For the twelve months ended July 31, 2026, revenues from operations were $21,094,506, compared with $22,469,710.
Net loss for the three-month period was $(339,686), or $(.17) per share, versus $(92,000), or $(.05) per share, in 2025. For the twelve-month period, net loss was $(1,399,536), or $(.69) per share, compared with $(136,240), or $(.07) per share.
J.W. Mays, Inc. (MAYS) is soliciting votes for its November 24, 2026 annual meeting. Shareholders will vote on seven director nominees, fixing the board at seven, ratifying Prager Metis CPAs, LLC as auditor for fiscal 2027, advisory executive compensation and future say-on-pay frequency. The board makes no recommendation on frequency; uninstructed proxies default to one year.
Fiscal 2026 net loss was $1,399,536, compared with $136,240 in fiscal 2025; the company attributes the increase primarily to lower rental income, higher real-estate operating expenses and interest expense. Ward N. Lyke, Jr. retired September 25, 2026, and Kevin J. Guptar became CFO and Treasurer October 13, 2026. The company agreed with affiliated landlord Weinstein Enterprises, Inc. to defer monthly rent of $34,716 for 504-506 Fulton Street and $5,466 for 508 Fulton Street for 30 months, effective October 1, 2026.
J.W. Mays, Inc. (MAYS) is evaluating potential property sales or divestitures to manage liquidity and is actively marketing 25 Elm Place in Brooklyn to unaffiliated prospective buyers. It continues to lease and operate Elm Place; tenant lease reviews may include renewal, modification or relocation, subject to board approval. The company says there can be no assurance a sale will occur or when.
In fiscal 2026, J.W. Mays entered new secured loans with existing lenders for its Fishkill and Circleville properties. It signed a 15-year Fishkill lease for 75,500 square feet, effective September 1, 2026, at annual rent of $1,423,930, with annual increases beginning in year three; approximately 80,500 square feet remained available. A tenant occupying 78,287 square feet received a $240,000 rent concession for August 2026 through January 2027.
In September 2026, it signed a 30-month rent deferral agreement with landlord Weinstein Enterprises, effective October 1, 2026, covering monthly rent of $34,716 at 504-506 Fulton Street and $5,466 at 508 Fulton Street. The company reported 26 full-time employees; a union contract covers approximately 19% of employees through November 30, 2028. Management concluded controls were effective as of July 31, 2026, with no significant deficiencies or material weaknesses.
J.W. Mays, Inc. (MAYS) promoted Kevin J. Guptar to Chief Financial Officer and Treasurer on October 13, 2026, filling the vacancies created when Ward Lyke, Jr. retired from those roles on September 25, 2026. Guptar had already begun serving as the company’s Principal Financial Officer and Principal Accounting Officer effective immediately upon Lyke’s retirement. His approved compensation includes an annual base salary of $232,000 and an annual discretionary bonus.
Guptar joined Mays in November 2021 as Controller and has been involved in its accounting and financial reporting functions. Before joining Mays, he was controller of a private real estate partnership from 2017 to 2021, held accounting positions there from 2011 to 2014, and served as a Finance Professional for the Metropolitan Transportation Authority from 2014 to 2016. He is a Certified Public Accountant in New York State.
J.W. Mays, Inc. entered into a transition agreement with Vice President, Chief Financial Officer, and Treasurer Ward Lyke Jr. on July 30, 2026. He will continue in his roles through September 25, 2026, when he will step down and resign. The company states his departure is not related to any disagreements.
The agreement keeps his base salary at $316,000 through the Separation Date and, if he remains in good standing and signs an Agreement and General Release, provides separation benefits including six weeks of base salary. Upon his separation, Controller Kevin Guptar will serve as Principal Financial Officer and Principal Accounting Officer.
J.W. Mays, Inc. disclosure: Wax Asset Management, LLC reports beneficial ownership of 156,352 shares of Common Stock, representing 7.76% of the class. The filing lists sole voting and dispositive power over those shares. The form is signed by Evan Wax as President.
J. W. Mays, Inc. reported weaker results for the three and nine months ended April 30, 2026. Revenue for the quarter was $5,314,751 versus $5,632,151 a year earlier, and nine‑month revenue was $15,777,647 versus $16,814,724.
The company posted a quarterly net loss from operations of $(216,863), or $(0.11) per share, compared with net income from operations of $86,784, or $0.04 per share, in the prior‑year quarter. For the nine‑month period, net loss from operations widened to $(1,059,850), or $(0.53) per share, from a net loss from operations of $(44,240), or $(0.02) per share, a year earlier.
J.W. Mays, Inc. reported weaker results for the three and nine months ended April 30, 2026, moving from near break-even to a meaningful loss as rental income declined.
Quarterly revenue fell to $5.31 million from $5.63 million and the company posted a net loss of $216,863, versus prior-year net income of $86,784. For the nine-month period, revenue slipped to $15.78 million from $16.81 million and net loss widened sharply to $1.06 million from $44,240, driven by tenant losses, significant rent concessions and higher real estate operating costs. Cash and cash equivalents increased to $2.11 million, while total assets reached $90.22 million and shareholders’ equity was $51.70 million. After quarter-end, the company secured an $8.0 million non‑revolving, mortgage-backed credit facility to help fund a planned expansion of its Fishkill, New York property for an existing tenant.
J.W. Mays, Inc. has entered into an $8,000,000 non‑revolving line of credit and building loan with Beacon Bank & Trust, secured by a first‑lien mortgage on its Fishkill, New York property. During the advance period through May 11, 2027, the company pays a floating rate equal to the lender’s WSJ Prime Rate plus 100 basis points, with a minimum rate of 7.25% per annum.
From May 12, 2027 until the May 1, 2036 maturity date, the loan amortizes over 25 years at a rate based on the Federal Home Loan Bank of Boston five‑year advance index plus 225 basis points, subject to a 6.00% minimum rate. J.W. Mays must keep at least $1,000,000 on deposit with the lender and funded a $350,000 interest reserve at closing. About $2,000,000 was advanced initially, and the company plans to use net proceeds to expand rentable space at the Fishkill property for an existing tenant, with expectations to draw the full $8,000,000 as the project progresses.