J.W. Mays, Inc. Reports Earnings Results for the Third Quarter Ended April 30, 2021
June 10, 2021 at 08:01 am EDT
Share
J.W. Mays, Inc. announced earnings results for the third quarter ended April 30, 2021. For the third quarter, the company announced total revenue was USD 5.161 million compared to USD 5.128 million a year ago. Operating loss was USD 242,236 compared to USD 483,270 a year ago. Net loss was USD 41,921 compared to USD 585,023 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.29 a year ago. For the nine months, total revenue was USD 15.043 million compared to USD 15.203 million a year ago. Operating loss was USD 931,173 compared to USD 534,674 a year ago. Net loss was USD 511,452 compared to USD 513,760 a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.25 a year ago.
J.W. Mays, Inc. operates a number of commercial real estate properties. The Company's properties include Fulton Street at Bond Street; Livingston Street; Truck bays, passage facilities and tunnel-Schermerhorn Street; Building-Livingston Street; Jowein building at Elm Place, Jamaica Avenue at 169th Street; Route 9 at Interstate Highway 84; Hempstead Turnpike; Sunrise Highway, and Tarlton Road. The 90% of the Fulton Street at Bond Street property is owned by the Company and the remaining 10% of the property is leased by the Company under five separate leases. The Jamaica Avenue at 169th Street property is leased to ten tenants, of which four are retail tenants and six occupy office space. The Jowein building at Elm Place is leased to approximately 14 tenants, of which one is a retail store, one is fast-food restaurant, two are for warehouse space and ten leases are for office space. It leased Route 9 property (47,000 square feet) to a community college at its Fishkill, New York building.
J.W. MAYS, INC. 
