J.W. Mays, Inc. Reports Earnings Results for the Second Quarter Ended January 31, 2021
March 04, 2021 at 10:13 pm IST
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J.W. Mays, Inc. announced earnings results for the second quarter ended January 31, 2021. For the second quarter, the company announced total revenue was USD 5.046 million compared to USD 5.039 million a year ago. Operating loss was USD 327,852 compared to USD 235,680 a year ago. Net loss was USD 54,107 compared to USD 57,281 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. For the half year, total revenue was USD 9.881 million compared to USD 10.074 million a year ago. Operating loss was USD 688,937 compared to USD 51,404 a year ago. Net loss was USD 469,531 compared to net income of USD 71,263 a year ago. Basic loss per share from continuing operations was USD 0.23 compared to basic earnings per share from continuing operations of USD 0.04 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. 
