September 16, 2014 5:43 PM ET

Real Estate Management and Development

Company Overview of JW Mays Inc.

Company Overview

J.W. Mays, Inc. owns, operates, and leases commercial real estate properties in the United States. Its properties are located in Brooklyn, Jamaica, Fishkill, Levittown, Massapequa, and Brooklyn, New York; and Circleville, Ohio. The company was founded in 1924 and is based in Brooklyn, New York.

9 Bond Street

Brooklyn, NY 11201-5805

United States

Founded in 1924

29 Employees

Phone:

718-624-7400

Key Executives for JW Mays Inc.

Chairman
Age: 72
Total Annual Compensation: $325.0K
Chief Financial Officer
Age: 60
Total Annual Compensation: $307.9K
Vice President
Age: 63
Total Annual Compensation: $221.4K
Vice President of Operations
Age: 64
Total Annual Compensation: $222.2K
Compensation as of Fiscal Year 2013.

JW Mays Inc. Key Developments

J.W. Mays, Inc. Enters into Second Amendment of Lease with 33 Bond St. LLC

On June 16, 2014, J.W. Mays Inc. entered into second amendment of lease (the amendment) with 33 Bond St. LLC (bond). Pursuant to the amendment, the lease for the premises was extended until December 8, 2043, the company, simultaneously with the execution of the amendment, vacated the premises so that bond may demolish the building in which the Premises is located in order to develop and construct a new building at the location, and bond agreed to redeliver to the company possession of the reconfigured premises after construction. As consideration under the second amendment, bond agreed to pay the company a total of $3,500,000. Bond tendered $2,250,000 simultaneously with the execution of the amendment, and will tender the balance of $1,250,000 on June 16, 2015.

JW Mays Inc. Reports Financial Results for the Third Quarter and Nine Months Ended April 30, 2014

JW Mays Inc. reported financial results for the third quarter and nine months ended April 30, 2014. For the quarter, revenues from operations amounted to $4,268,129 compared to revenues of $3,704,426 in the comparable 2013 three-month period. Net income from operations was $218,315, or $0.11 per share, compared to $73,037, or $0.04 per share, in the comparable 2013 three-month period. For the nine months, revenues from operations were $12,626,482 compared to revenues of $12,004,447 in the comparable 2013 nine-month period. Net income from operations was $597,289, or $0.30 per share, compared to $562,843, or $0.28 per share, in the comparable 2013 nine-month period.

J. W. Mays, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2014

J. W. Mays Inc. reported earnings results for the second quarter and six months ended January 31, 2014. Revenues from operations for the three months ended January 31, 2014, amounted to $4,139,589 compared to revenues of $4,105,489 in the comparable 2013 three-month period. Net loss from operations for the three months ended January 31, 2014 was $57,050 or $0.03 per share compared to net loss from operations of $10,968 or $0.01 per share in the comparable 2013 three-month period. Revenues from operations for the six months ended January 31, 2014, were $8,358,353 compared to revenues of 8,300,021 in the comparable 2013 six-month period. Net income from operations for the six months ended January 31, 2014, was $378,974 or $0.19 per share compared to net income from operations of $489,806 or $0.24 per share in the comparable 2013 six-month period.

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