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what it is
It owns and rents out commercial buildings in New York and Ohio.
how it gets paid
Last year J.W. Mays made $22M in revenue.
why it's growing
Revenue grew 4.1% last year. Revenue was up 101% vs. prior year, but that was from a small base.
what just happened
Revenue rose to $10M, but the quarter still lost $0.42 a share.
At a glance
C++ balance sheet — some cracks in the foundation
25/100 earnings predictability — expect surprises
0.1% return on capital — nothing to write home about
-$0.07 fy2025 eps est
$2B fy2026 rev est
xvary composite: 46/100 — below average
What they do
It owns and rents out commercial buildings in New York and Ohio.
J.W. Mays wins by being old, boring, and hard to replace. The longest lease (rent contract) runs to 2073, and the company does it with 28 employees. You are not buying a flashy growth story; you are buying time, and time is the product.
How they make money
$22M
annual revenue · their business grew +4.1% last year
total revenue
$22M
+4.1%
The products that matter
owns and leases commercial properties
Commercial Property Portfolio
$20.7M · 94% of revenue
it is the asset base behind $20.7M in rental income last year.
asset base
collects tenant rent
Rental Income
$20.7M · +4.1%
it brought in $20.7M, or 94% of revenue. if collections wobble, the whole company feels it.
cash engine
earns ancillary fees
Management Fees & Other
$1.3M · -7.6%
this side stream brought in just $1.3M and shrank 7.6%. it is too small to save the quarter on its own.
side stream
Key numbers
0.1%
return on capital
Return on capital (profit produced by each dollar tied up in the business) is 0.1%. That is barely working money.
22%
debt / capital
Debt is 22% of capital. That matters when profits are negative and every dollar has to pull its weight.
0.7%
operating margin
Operating margin (profit before interest and taxes) was -0.7%. Every $100 of sales lost 70 cents before financing.
4.1%
sales growth
Annual revenue grew 4.1%. That is growth, but not the kind that fixes weak profits by itself.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $26M (22% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for MAYS right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue rose to $10M, but the quarter still lost $0.42 a share.
Revenue was up 101% vs. prior year, but that was from a small base. EPS, which is profit per share, was still negative at -$0.42.
$10M
revenue
-$0.42
eps
101.0%
revenue growth
the number that mattered
Revenue doubled to $10M, but the company still lost $0.42 a share. Bigger sales did not fix the bottom line.
source: company earnings report, 2026
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What could go wrong
the #1 risk is tight liquidity at a $93M landlord with $26M of debt.
high
tight liquidity gets tighter
management cited tight liquidity in recent filings. when the company tells you cash is tight, believe it. this is a $93M company with a c++ balance sheet and little room for operating mistakes.
financing pressure could affect operations before any long-term property thesis has time to play out.
high
losses keep compounding
net loss reached $509k in q2 2026. over the last 12 months, eps was -$0.42 and profit margin was -3.9%.
if losses persist, equity gets eroded and debt becomes harder to carry.
med
revenue softness hits the whole model
q2 revenue fell 7.6% to $5.21M. with rental income making up 94% of annual revenue, even a modest decline can pressure an already negative margin structure.
there is little segment diversification to offset weaker rent collections or lower occupancy.
$26M of long-term debt against $22.0M of annual revenue leaves little room for another quarter like the recent $509k loss.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings report
the next quarter has to show that the $509k loss was a blip, not the new floor.
trend
quarterly revenue direction
revenue fell 7.6% in q2. if that happens again, the bear case stops being theoretical.
risk
liquidity language in filings
"tight liquidity" is the phrase to watch. if that language stays or worsens, financing risk is rising.
metric
loss per share
loss per share was -$0.25 in the quarter and -$0.42 trailing. you want that line moving toward zero, not turning into a habit.
Analyst rankings
earnings predictability
25 / 100
low predictability. in human-speak, the business is too inconsistent to model with much confidence.
sector rank
826 / 877
bottom 6% of finance stocks. that's a weak relative position, not just a bad headline.
balance sheet grade
c++
below average financial flexibility. that is fine until the next bill comes due.
source: institutional data
Institutional activity
institutional ownership data for MAYS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$47
current price
n/a
target midpoint · n/a from current
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