J W MAYS : REPORTS ON OPERATIONS FOR THREE AND SIX MONTHS ENDED JANUARY 31, 2023 - Form 8-K
March 09, 2023 at 06:55 pm IST
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J. W. MAYS, INC.
REPORTS ON OPERATIONS
FOR THREE AND SIX MONTHS ENDED JANUARY 31, 2023
J. W. Mays, Inc. today reported its financial results for the three and six months ended January 31, 2023.
Revenues from Operations for the three months ended January 31, 2023 were $5,837,819 compared to revenues of $5,328,349 in the comparable 2022 three-month period, while Revenues from Operations for the six months ended January 31, 2023 amounted to $11,607,553 compared to revenues of $10,407,896 in the comparable 2022 six-month period.
Net income from Operations for the three months ended January 31, 2023 was $44,738, or $.02 per share, compared to net loss from Operations of ($195,830), or ($.10) per share, in the comparable 2022 three-month period.
Net income from Operations for the six months ended January 31, 2023 was $104,255, or $.05 per share, compared to net loss from Operations of ($586,580), or ($.29) per share, in the comparable 2022 six-month period.
J.W. Mays Inc. published this content on 09 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2023 13:24:10 UTC.
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.