MAYS J W INC

Listed Company

MAYSCIK 0000054187NasdaqNon-AcceleratedSmaller ReportingOpeators Of Nonresidential BuildingsNew YorkFY ends Jul 31

Period

FY 2025

Revenue

$22.47M

Net Income

$-136.2K

Total Assets

$88.05M

Equity

$52.76M

Shares Out

2.02M

Op. Cash Flow

$2.52M

Business

MAYS J W INC operates a portfolio of commercial real estate properties. The company offers property ownership and operation services, including leasing and property management for commercial tenants. Its business is organized around a single commercial real estate operations segment that manages and maintains its property assets. The company serves commercial tenants through direct leasing arrangements and property management contracts, operating its properties and providing tenant services through its internal management team.

Summary from filing dated 2025-10-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Rental income	22	22	23	21	20
Total revenues	22	22	23	21	20
Real estate operating expenses	16	15	15	15	14
Administrative and general expenses	5	5	5	6	5
Depreciation	2	2	2	2	2
Total expenses	23	22	22	22	21
Loss from operations	−154,332	−620,105	223,667	−657,007	−837,783
Dividend and interest income	26,836	87,922	98,335	—	—
Net realized gain on sale of marketable securities	—	124,907	—	—	—
Interest expense, net of capitalized interest	−67,744	−136,292	−230,769	—	—
Total investment income and interest expense	−40,908	76,537	−368,631	−345,364	1
Loss before income tax	−195,240	−543,568	−144,964	−1	239,032
Income tax provision (benefit)	−59,000	−137,000	−62,000	−290,000	−159,000
Net loss	−136,240	−406,568	−82,964	−712,371	398,032
Loss per common share, basic	−0.07	−0.2	−0.04	−0.35	0.2
Weighted average common shares outstanding, basic	2	2	2	2	2

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Land	6	6	6	6	6
Buildings, improvements, and fixtures	81	80	78	76	75
Construction in progress	3	2	2	3	2
Property, Plant and Equipment, Gross	84	82	—	—	—
Accumulated depreciation	−42	−40	−38	−36	−35
Buildings net	43	42	41	42	42
Property and equipment-net	49	48	47	48	48
Cash and cash equivalents	748,597	1	1	1	2
Restricted cash	1	1	1	1	882,330
Receivables, net	4	4	3	3	2
Prepaids and other assets	3	3	3	3	2
Deferred charges, net	4	4	3	4	4
Operating lease right-of-use assets	27	29	31	32	35
TOTAL ASSETS	88	90	92	94	98
Mortgages payable	3	4	5	6	8
Accounts payable and accrued expenses	3	2	2	2	3
Security deposits payable	1	1	1	1	834,470
Operating lease liabilities	24	25	27	27	28
Deferred income taxes	4	4	4	4	5
Total liabilities	35	37	39	41	43
Common stock, par value $1 each share (shares-5,000,000 authorized; 2,178,297 issued 2,015,780 outstanding)	2	2	2	2	2
Additional paid in capital	3	3	3	3	3
Retained earnings	49	49	49	49	50
Stockholders' Equity before Treasury Stock	54	54	55	55	55
Common stock held in treasury, at cost - 162,517 shares at July 31, 2025 and July 31, 2024	−1	−1	−1	−1	—
Total Shareholders Equity	53	53	53	53	54
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	88	90	92	94	98

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Bad debt expense (recovery)	38,512	−22,861	−85,410	352,920	236,000
Provision (benefit) for deferred income tax	−59,000	−137,000	−62,000	−290,000	−159,000
Net realized (gain) on sale of marketable securities	—	−124,907	−130,009	−131,786	−73,783
Depreciation	2	2	2	2	2
Loss on asset disposal	—	12,478	—	—	—
Amortization of deferred charges	506,044	502,829	452,781	507,564	385,967
Operating lease expense in excess of cash payments	827,562	844,717	1	1	1
Amortization of deferred financing costs	16,519	38,112	38,112	38,112	38,112
Receivables	−416,017	−515,174	−187,659	−707,272	−432,823
Prepaids and other assets	−246,857	−275,040	−144,434	−243,843	4,855
Deferred charges	−443,276	−832,714	−88,841	−382,961	−1
Accounts payable and accrued expenses	619,111	553,528	−603,329	−311,141	−138,635
Security deposits payable	14,261	72,039	−45,503	216,958	24,818
Net cash provided by operating activities	3	1	2	2	1
Acquisition of property and equipment	−2	−2	−1	−2	−2
Receipts from sales	—	3	287,291	1	960,597
Payments for purchases	—	−119,579	−62,860	−123,807	−596,876
Net cash (used) in investing activities	−2	−58,793	−821,876	−855,667	−2
Payments mortgages	−655,204	−1	−1	−1	−1
Net cash (used) by financing activities	−655,204	−1	−1	−1	−1
Increase (decrease) in cash, cash equivalents and restricted cash	−526,856	67,866	147,838	−364,822	−2

Filings

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