J.W. Mays(US:MAYS)2025-12-11 14:01Financial Performance - For the three months ended October 31, 2025, the company reported a net loss of $(334,027), or $(0.17) per share, compared to a net income of $26,657, or $0.01 per share in the same period of 2024[70]. - Revenues decreased to $5,251,414 from $5,539,129 in the comparable period, primarily due to tenant losses and decreased rents[71]. - Real estate operating expenses increased to $4,077,513 from $3,750,139, driven by higher real estate taxes, insurance, and maintenance expenses[72]. - Administrative and general expenses decreased to $1,189,818 from $1,292,753, mainly due to lower legal and professional fees[73]. Cash Flow and Liquidity - Net cash provided by operating activities was $1,922,263, an increase from $1,802,641 in the prior year[78]. - As of October 31, 2025, total liquidity was $2,188,982, including cash and cash equivalents[80]. Capital Expenditures and Debt - The company anticipates incurring an additional $1.9 million in capital expenditures over the next twelve months[80]. - The company has outstanding mortgage debt of approximately $3.2 million, with a maturity date of April 1, 2040[81]. Lease Agreements - The company exercised a lease extension for its Jamaica Avenue property, extending the lease through May 31, 2040[75]. - The company leased 20,000 square feet of retail space at its Massapequa building for a monthly rent starting at $4,500, increasing to $5,500 after the first year[76].