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. filed an amended report to correct a header error and clarify that recent disclosures are made under Item 7.01 as a Regulation FD Disclosure, not as entry into a material definitive agreement. The company has engaged Newmark Group, Inc. to begin marketing its property at 25 Elm Place in Brooklyn for sale to unaffiliated third parties as part of broader efforts to consider strategic real estate sales to address liquidity needs. Marketing is at an early stage, the property will continue to be leased and operated as usual, and any sale would require Board approval, with no assurances a transaction will occur or when it might happen.
J.W. Mays, Inc. has engaged Newmark Group, Inc. to begin actively marketing its property at 25 Elm Place in Brooklyn, New York for a potential sale to unaffiliated third-party buyers. This step supports the company’s previously stated strategy of exploring property sales to manage liquidity needs.
The company will continue to lease and operate the 25 Elm Place property as usual while marketing progresses and may negotiate lease modifications, terminations, or relocations of certain tenants to its 9 Bond Street property in Brooklyn. Any sale would require approval by the Board of Directors, and there is no assurance that a transaction will occur or when it might happen.
J. W. Mays, Inc. disclosed that its wholly owned subsidiary J.W.M. Realty Corp. entered into a new mortgage loan with Putnam County National Bank secured by its Circleville, Ohio property. The Loan has a principal amount of $6,200,000, a fixed interest rate of 7.00% per annum, and is due in full on April 1, 2031, when it becomes payable on demand.
The Borrower must make equal monthly payments of $48,068.53 starting May 1, 2026 until principal and interest are fully repaid, with each payment applied first to interest, then lender advances, then principal. Prepayments are allowed but carry penalties of 3%, 2%, and 1% of outstanding principal in the first three years. The Company unconditionally guarantees all borrower obligations, used $3,135,704 of net proceeds to repay an existing secured loan with the same lender, and plans to apply the remaining proceeds to maintenance, repairs and onboarding new tenants on various properties.
J. W. Mays, Inc. reported weaker results for the three and six months ended January 31, 2026. For the quarter, revenues from operations were $5,211,482 compared with $5,643,444 in the 2025 period, while net loss from operations widened to $(508,960), or $(0.25) per share, from $(157,681), or $(0.08) per share.
For the six-month period, revenues from operations were $10,462,896 versus $11,182,573 a year earlier, and net loss from operations increased to $(842,987), or $(0.42) per share, from $(131,024), or $(0.07) per share.
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. filed a current report stating that it issued a press release on December 10, 2025, covering financial results for the three months ended October 31, 2025. The release reported revenues and a net loss for this period and compared these figures with revenues and net income for the three months ended October 31, 2024. The press release is included as Exhibit 99(i), giving investors detailed quarterly performance information beyond this brief report.
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.
J.W. Mays, Inc. reported the results of its shareholder meeting, where stockholders approved fixing the number of directors at seven, with 1,535,244 votes in favor. All seven director nominees, including Jennifer L. Caruso and Lloyd J. Shulman, were elected with strong support. Shareholders also ratified Prager Metis CPA’s, LLP as independent auditors and approved the advisory vote on executive compensation.
In an advisory vote on how often to hold future say-on-pay votes, investors favored holding them every one year, with 1,387,851 votes for that option. The company also disclosed that it renewed a consulting agreement with director Mark S. Greenblatt, under which he will receive $10,000 per month starting January 1, 2026, on a month-to-month basis while providing financial and operating performance consulting.
J.W. Mays, Inc. filed an 8-K announcing it issued a press release on October 22, 2025 reporting financial results for the three and twelve months ended July 31, 2025. The release details revenues and net loss for those periods and provides comparisons to the three and twelve months ended July 31, 2024.
The press release is furnished as Exhibit 99(i). The filing is presented under Item 2.02 (Results of Operations and Financial Condition).