MAYS J W INC 3Q FY2026: Revenue $5.315M, EPS $(0.11) — 10-Q Summary
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MAYS J W INC reported third-quarter fiscal 2026 results showing revenue of $5.315M and a net loss, driven by tenant losses and rent concessions that more than offset lease escalations and new leasing activity.
Financial Highlights
- Revenue: $5.315M for Q3 FY2026 (three months ended Apr 30, 2026), down from $5.632M in the year‑ago quarter ( (5.7%)).
- Net income: $(216.9K) for Q3 FY2026, versus $86.8K in the year‑ago quarter (turn to loss YoY).
- Diluted EPS: $(0.11) for Q3 FY2026, versus $0.04 in the year‑ago quarter (decline YoY).
Business Highlights
- Revenue trend: Decline driven by tenant losses and rent concessions, partially offset by rent escalations.
- Leasing activity: Multiple lease extensions and new leases across Brooklyn, Fishkill and Jamaica, including several long-term renewals.
- Major lease: A large Fishkill expansion — 75,500 sq ft leased for 15 years starting Sept 2026 with escalations.
- Capital projects: Significant tenant improvements and fit-outs at 9 Bond, Fishkill, Jamaica and Jowein properties.
- Portfolio management: Engaged Newmark to market 25 Elm Place and exploring property sales to manage liquidity and portfolio mix.
Original SEC Filing: MAYS J W INC [ MAYS ] - 10-Q - Jun. 11, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.