J.W. Mays, Inc. Reports Earnings Results for the First Quarter Ended October 31, 2020
December 10, 2020 at 07:32 pm IST
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J.W. Mays, Inc. announced earnings results for the first quarter ended October 31, 2020. For the first quarter, the company announced total revenue was USD 4.834 million compared to USD 5.035 million a year ago. Operating loss was USD 361,085 compared to operating Income of USD 184,276 a year ago. Net loss was USD 415,424 compared to net income of USD 128,544 a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 0.06 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. 
