Every 10-Q that Mays (J.W.) Inc (MAYS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MAYS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MAYS filings page.
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. reported a much larger loss as rental income declined and costs rose. For the quarter ended January 31, 2026, net loss was $508,960, or $(0.25) per share, versus $157,681, or $(0.08) per share a year earlier, as revenues fell to $5.21M from $5.64M mainly due to lost tenants and rent concessions.
For the six months, net loss widened to $842,987 from $131,024 as revenues declined to $10.46M from $11.18M and real estate operating costs increased. Operating cash flow remained positive at $1.19M, but cash and cash equivalents were $434,420 and the company expects about $12M of capital expenditures over the next 12 months, to be funded with operations and new borrowings.
Total assets were $88.38M and shareholders’ equity was $51.92M as of January 31, 2026. The company has a single bank mortgage of about $3.15M that the lender can demand in full at any time through April 1, 2040, which management notes affects perceived short-term liquidity even though it is currently in compliance and the interest rate is favorable.
J.W. Mays, Inc. reported results for the three months ended October 31, 2025, showing a net loss of $334,027, or ($.17) per share, compared with net income of $26,657, or $.01 per share, a year earlier. Rental income declined to $5,251,414 from $5,539,129, mainly from loss of tenants and rent concessions, partly offset by several new leases. Real estate operating expenses rose to $4,077,513 from $3,750,139 due to higher real estate taxes, insurance, maintenance and a fixed asset disposal loss, while administrative expenses fell modestly and depreciation increased with new tenant improvements.
Despite the loss, operating cash flow improved to $1,922,263, easily funding capital expenditures of $411,346 and mortgage payments of $40,532, lifting cash, cash equivalents and restricted cash to $3,229,130 at October 31, 2025. The company’s only bank mortgage totals $3,195,029 at a 3.98% rate and includes a balloon payment on demand feature through 2040, though the lender has not indicated any intent to accelerate. Management expects about $1.9 million of additional capital spending over the next twelve months and believes existing liquidity and cash from operations will cover near‑term obligations. Leasing activity included extending a key Jamaica Avenue related‑party lease to 2040 and signing new retail leases in Long Island and Brooklyn.