J.W. Mays, Inc.

J.W. Mays, Inc. reported a net loss of $509K for Q2 FY2026, an increase from a $158K net loss in the prior-year quarter. Total revenues were $5.2M, down 7.7% year-over-year from $5.6M, driven by a decline in rental income. Operating loss widened to $712K from $182K, primarily due to the revenue decline and a 5.9% increase in total expenses to $5.9M. The company generated positive operating cash flow of $1.2M for the six-month period, though cash and equivalents decreased by $284K due to $1.4M in property acquisitions and $81K in mortgage payments. The balance sheet shows total assets of $88.4M, liabilities of $36.5M, and shareholders' equity of $51.9M. The filing notes significant tenant concentration and future minimum rental income of $80.2M from non-cancelable leases.

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