J.W. Mays, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2023
March 09, 2023 at 08:01 am EST
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J.W. Mays, Inc. reported earnings results for the second quarter and six months ended January 31, 2023. For the second quarter, the company reported sales was USD 5.84 million compared to USD 5.33 million a year ago. Revenue was USD 5.84 million compared to USD 5.33 million a year ago. Net income was USD 0.044738 million compared to net loss of USD 0.19583 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.1 a year ago.
For the six months, sales was USD 11.61 million compared to USD 10.41 million a year ago. Revenue was USD 11.61 million compared to USD 10.41 million a year ago. Net income was USD 0.104255 million compared to net loss of USD 0.58658 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.29 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. 
