MAYS J W INC (MAYS) Form 10-K — Oct 22, 2026
J.W. Mays reported a fiscal 2026 net loss of $(1,399,536), or $(0.69) per share, a sharp widening from the prior year's $(136,240) loss, as revenue fell to $21.09 million from $22.47 million on tenant losses and rent concessions. The company has begun evaluating strategic property sales to manage liquidity and is actively marketing its 25 Elm Place property in Brooklyn for sale, with no assurance a transaction will occur. It also took on significant new debt in fiscal 2026, including a $6.2 million loan from Putnam County National Bank and an $8 million Beacon Bank & Trust facility, driving mortgages payable from $3.2 million to $9.5 million.
Key figures
- Revenue
- 21094506
- Total Debt
- 9485431
- Total Assets
- 96309429
- Cash Position
- 2074964
- Shares Outstanding
- 2015780
- Fishkill loc rate
- Prime + 100bps, minimum 7.25%; 7.75% at July 31, 2026
- Prior year revenue
- 22469710
- Cash flow operations
- 1612322
- New beacon bank loan
- 8000000
- Circleville loan rate
- 7.00%
- New putnam county loan
- 6200000
- Mortgage debt prior year
- 3235561
- Total shareholders equity
- 51362361
- Market value non affiliates
- 19911516
- Prior year cash flow operations
- 2520634
AI analysis
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