Financial Performance - For the three months ended October 31, 2020, the company reported a net loss of $(415,424), or $(0.21) per share, compared to a net income of $128,544, or $0.06 per share for the same period in 2019[87]. - Revenues decreased to $4,834,994 from $5,035,915 in the comparable 2019 period, primarily due to the loss of rental income from four tenants[88]. - Real estate operating expenses increased to $3,582,617 from $3,248,594 in the comparable 2019 period, driven by higher real estate taxes, maintenance costs, and rent expenses[88]. - Administrative and general expenses decreased to $1,169,523 from $1,215,635 in the comparable 2019 period, mainly due to a reduction in bad debt expense[89]. Debt and Financial Stability - As of October 31, 2020, the company had fixed-rate debt of $9,237,941, which does not expose it to market risk related to changes in interest rates[104]. - The company experienced no bad debt expense and recoveries of $18,000 from August to October 2020, despite ongoing volatility in equity investment valuations[91]. Leasing and Renovation Activities - In November 2020, the company leased 23,000 square feet to an office tenant at its Jowein building in Brooklyn, with renovation costs estimated at $625,000[94]. - The company had expenditures of $351,810 for renovations of a second lobby at its Fishkill, New York building, part of a total project cost of $842,767 completed in October 2020[97]. - The company anticipates occupancy and rental payments for new leases to begin in early 2021, including a retail tenant at its Jowein building[94]. Impact of COVID-19 - The ongoing impact of COVID-19 continues to create uncertainty regarding future performance, with potential adverse effects on revenue and tenant credit quality[84].

Real Estate Operations - The Company operates several commercial real estate properties, with a total of approximately 1,500,000 square feet across various locations in New York and Ohio[33]. - As of July 31, 2020, the occupancy rate for the properties was 70.07%, with a total annual rent of $8,189,447[39]. - The Company experienced a loss in rental income of approximately $2,350,000 per annum due to a retail tenant surrendering 85,000 square feet[37]. - The occupancy rate for the property as of July 31, 2020, is 73.22%[43]. - Approximately 23,000 square feet of the building is available for lease, with plans to renovate the vacant space for office use[46]. - The occupancy rate for the Fishkill property is 21.48% as of July 31, 2020[54]. - The Company extended leases with three landlords until April 2044, indicating a strategy to secure long-term rental agreements[38]. - The Company aims to negotiate lease renewals as they come due, contingent on tenants maintaining adequate finances[38]. - The Company plans to negotiate renewals for expiring leases, contingent on tenants maintaining adequate finances[47]. Financial Information - The federal tax basis for the Brooklyn Fulton Street property is $22,559,989, with accumulated depreciation of $13,034,169, resulting in a net carrying value of $9,525,820[40]. - As of July 31, 2020, the federal tax basis for the property is $7,550,837 with accumulated depreciation of $4,678,841, resulting in a net carrying value of $2,871,996[43]. - The federal tax basis for another property is $13,863,981 with accumulated depreciation of $9,143,642, leading to a net carrying value of $4,720,339 as of July 31, 2020[49]. - The real estate taxes for the property amount to $699,984 per year, with an average rate of $11.161 per $100 of assessed valuation[44]. - The real estate taxes for this second property are $866,856 per year, with an average rate of $11.131 per $100 of assessed valuation[50]. - The real estate taxes for the Brooklyn property are $273,113 per year, with an average rate of $955.44 per $100 of assessed valuation[60]. Labor Relations - The Company has a contract with a union covering approximately 21% of its 29 employees, and considers labor relations to be good[19]. Risks and Challenges - The Company is subject to various risks, including economic downturns, environmental liabilities, and the ongoing effects of COVID-19[30]. - The Company has faced increased late payments and credit losses due to the impact of COVID-19, reflecting the pandemic's effect on tenant finances[26]. Corporate Governance - The Company has implemented controls to mitigate perceived conflicts of interest with its largest shareholder, who shares management personnel[24]. - The company assessed the effectiveness of its internal control over financial reporting as of July 31, 2020, and concluded that it is effective[84]. - There were no changes in the company's internal controls over financial reporting that materially affected their effectiveness during the last fiscal quarter[83]. - Certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act were included in the filing[31][32]. Shareholder Information - As of September 7, 2020, the company had approximately 800 shareholders of record[73]. - The company's common stock began trading on The Nasdaq Capital Market under the symbol "Mays" on November 8, 1999[72]. - The company did not sell any unregistered securities during the year ended July 31, 2020[74]. - There were no repurchases of outstanding equity securities during the year ended July 31, 2020[75]. Audit and Fees - The audit fees for fiscal year 2020 were $165,000, a decrease from $171,500 in fiscal year 2019[100]. - Total fees paid to the independent registered public accounting firm for fiscal year 2020 amounted to $241,810, compared to $234,205 in fiscal year 2019[100]. Employment Agreements - The employment agreements for executive officers were extended on August 1, 2020, for three-year periods[103]. - Employment agreements for key executives were extended, with the latest extension dated August 1, 2020, set to end on July 31, 2023[10]. - No applicable plans for acquisition, reorganization, arrangement, liquidation, or succession were mentioned[16]. Reporting - The company filed two reports on Form 8-K during the three months ended July 31, 2020[86].

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-3647 J. W. Mays, Inc. (Exact Name of Registrant as Specified in its Charter) New York 11-1059070 State or Other Jurisdiction of I.R.S. Employer Identification No. Incorporation or Organizati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-3647 J. W. Mays, Inc. (Exact Name of Registrant as Specified in its Charter) New York 11-1059070 State or ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-3647 J. W. Mays, Inc. (Exact Name of Registrant as Specified in its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Indicate by check mark whethe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: July 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number: 1-3647 J.W. MAYS, INC. (Exact name of Registrant as Specified in its Charter) | Title of each class | Trading Symbol(s) | Name of ea ...

Financial Performance - For the three months ended April 30, 2019, the company reported net income of $655,935, or $0.32 per share, compared to $318,172, or $0.16 per share in the same period of 2018, representing a 106% increase in net income [76]. - For the nine months ended April 30, 2019, net income was $870,701, or $0.43 per share, down from $3,167,496, or $1.57 per share in the same period of 2018, largely due to tax adjustments from the U.S. Tax Act [80]. Revenue - Revenues for the three months increased to $5,099,988 from $4,854,910 in the comparable 2018 period, primarily due to increased rental income and a real estate tax refund [77]. - Revenues for the nine months increased to $15,235,939 from $14,431,671, driven by higher rental income and real estate tax refunds [81]. Expenses - Real estate operating expenses decreased to $2,844,624 from $2,918,858, mainly due to lower maintenance costs, despite increases in payroll and leasing commission expenses [78]. - Administrative and general expenses rose to $4,184,557 from $3,433,154, primarily due to litigation settlement costs of $635,000 and increased payroll and pension costs [83]. Cash and Financing - The company had cash and cash equivalents of $5,330,262 as of April 30, 2019, and is refinancing a loan of $5,341,439 for an additional five years [86]. - The company uses fixed-rate debt to finance its capital requirements, with fixed-rate debt amounting to $5,341,439 as of April 30, 2019 [103]. Capital Expenditures - The company incurred expenditures of $521,592 for brokerage commissions related to a tenant extending their lease for an additional ten years [94]. - The company anticipates completing various renovation projects, including a new HVAC system estimated at $300,000, by June 2019 [99].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Commission file number 1-3647 J.W. Mays, Inc. (Exact name of registrant as specified in its charter) New York 11-1059070 FORM 10-Q (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2019 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...