MAYS earnings analysis
What we found in MAYS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
J.W. Mays, Inc. reported a revenue of $5.31M for Q2 2026, down from $5.63M in the prior year, with a negative EPS of $(0.11), a reversal from a positive EPS of $0.04 in Q2 2025. The company continues to face challenges with tenant loss and rent concessions, leading to increased operating expenses. Management has not provided forward guidance for revenue or EPS, indicating a cautious outlook.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Revenue decreased to $5,314,751 in Q2 2026, down from $5,632,151 in Q2 2025.
- EPS Turnaround
- The company reported an EPS of $(0.11) for Q2 2026 compared to $0.04 in Q2 2025.
- Operating Cash Flow
- Net cash provided by operating activities was $2,633,274 for the nine months ended April 30, 2026.
- Improved Other Income
- Other income improved to $12,708 in Q2 2026 from a loss of $(3,326) in Q2 2025.
- Liquidity
- Total liquidity as of April 30, 2026, was $2,110,713.
- Decreased Administrative Expenses
- Administrative expenses decreased to $1,164,625 in Q2 2026 from $1,239,480 in Q2 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Ongoing Tenant Losses
- The company granted rent concessions of $210,409 due to tenant losses in Q2 2026.
- Rising Operating Expenses
- Real estate operating expenses increased to $3,999,990 in Q2 2026 from $3,822,276 in Q2 2025.
- Increased Debt Service
- The company anticipates incurring an additional $7.8 million in capital expenditures over the next twelve months.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.11
What they said about what is next.
Management has not provided forward guidance on revenue or EPS.
The filing reads worse than the one before it.
What came before.
- 10-Q · March 12, 2026
- J.W. Mays reported rental revenue of $5,211,482 in Q2 (Jan 31, 2026), down $431,962 (‑7.7%) versus $5,643,444 a year ago, producing an operating loss of $712,400 (‑13.7% operating margin) and a net loss of $508,960, or…
- 10-Q · December 11, 2025
- J.W. Mays reported quarterly rental revenue of $5,251,414, down $287,715 (‑5.2%) from $5,539,129 a year ago, producing an operating loss of $488,179 versus operating income of $52,171 in the prior year quarter. Reported…
- 10-K · October 23, 2025
- J.W. Mays positions itself as a long‑lived owner/operator of neighborhood commercial real estate with multiple long‑term leases and a diversified set of seven property locations. The 2025 10‑K shows meaningful lease…
- 10-Q · June 12, 2025
- J.W. Mays reported Q3 rental revenue of $5,632,151 (up $267,827 vs. Q3 2024) and GAAP net income of $86,784, or $0.04 per share, reversing last year’s Q3 loss of $(84,880) (‑$0.04). Operating income was $113,110 (2.0%…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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