J.W. Mays, Inc. Reports Earnings Results for the Full Year Ended July 31, 2020
October 08, 2020 at 10:08 am
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J.W. Mays, Inc. announced earnings results for the full year ended July 31, 2020. For the full year, the company announced total revenue was USD 19.531 million compared to USD 21.139 million a year ago. Operating loss was USD 1.239 million compared to operating Income of USD 1.817 million a year ago. Net loss was USD 906,005 compared to net income of USD 1.514 million a year ago. Basic loss per share from continuing operations was USD 0.45 compared to basic earnings per share from continuing operations of USD 0.75 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. 