J.W. Mays, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 30, 2024
June 13, 2024 at 05:31 pm IST
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J.W. Mays, Inc. reported earnings results for the third quarter and nine months ended April 30, 2024. For the third quarter, the company reported sales was USD 5.36 million compared to USD 5.56 million a year ago. Revenue was USD 5.36 million compared to USD 5.56 million a year ago. Net loss was USD 0.08488 million compared to USD 0.03916 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.02 a year ago.
For the nine months, sales was USD 16.1 million compared to USD 17.17 million a year ago. Revenue was USD 16.1 million compared to USD 17.17 million a year ago. Net loss was USD 0.375483 million compared to net income of USD 0.065095 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to basic earnings per share from continuing operations of USD 0.03 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. 
