J.W. Mays, Inc. (MAYS): History, Ownership, Mission, How It Works & Makes Money

Ever heard of J.W. Mays, Inc. (MAYS)? Founded in 1924, this company has quite the story, transitioning from a discount department store chain to a real estate firm! But how does a company with a $72.8 million market cap and $22 million in trailing 12-month revenue operate and generate income in today's market? Keep reading to discover the inner workings of J.W. Mays, Inc., from its historical roots and ownership structure to its current mission and revenue streams.

J.W. Mays, Inc. (MAYS) History

Founding Timeline

Year established

The company was originally established in 1924.

Original location

The company's origins trace back to Brooklyn, New York.

Founding team members

The founder of the business was Joseph Weinstein.

Initial capital/funding

Information regarding the initial capital or funding is not readily available.

Evolution Milestones

Transformative Moments

Throughout its history, the company has undergone several transformative moments that have shaped its trajectory:

• Shift to REIT Status: In 1966, the company reorganized as a real estate investment trust (REIT). This strategic shift marked a significant departure from traditional retail operations, redirecting the company's focus towards real estate investments.
• Change in Leadership: The acquisition of control by a group led by Lloyd I. Goldman in 1986, followed by Goldman's passing in 2004, brought about significant changes in leadership and strategic direction. These transitions likely influenced the company's investment strategies and operational decisions.
• Board Appointments: The appointments of Kenneth Pilot in 2013, Colleen M. Mckeating in 2015, and Chaim Katzman in 2016 to the Board of Directors reflect ongoing efforts to enhance the company's governance and strategic oversight. These appointments likely brought diverse perspectives and expertise to the boardroom, contributing to the company's decision-making processes.

For more insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of J.W. Mays, Inc. (MAYS).

J.W. Mays, Inc. (MAYS) Ownership Structure

J.W. Mays, Inc. features a relatively concentrated ownership structure, which significantly influences its corporate governance and strategic direction.

J.W. Mays, Inc.'s Current Status

J.W. Mays, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As of April 2025, it is listed on the OTC market under the ticker symbol MAYS.

J.W. Mays, Inc.'s Ownership Breakdown

The following table provides an overview of the ownership percentages held by various shareholder types in J.W. Mays, Inc.

J.W. Mays, Inc.'s Leadership

Key figures heading J.W. Mays, Inc. as of April 2025 include:

• Kenneth Pilot serves as the Chief Executive Officer and Chairman.
• Robert Brener holds the position of President and Chief Financial Officer.

These individuals play critical roles in the strategic direction and financial oversight of J.W. Mays, Inc.

To gain more insights into the dynamics of investor behavior and ownership trends, consider exploring this resource: Exploring J.W. Mays, Inc. (MAYS) Investor Profile: Who’s Buying and Why?

J.W. Mays, Inc. (MAYS) Mission and Values

J.W. Mays, Inc. operates with a focus on long-term shareholder value through strategic real estate investments and management. While a formal mission statement isn't publicly highlighted, their actions and priorities reflect a commitment to community development and responsible property stewardship.

J.W. Mays, Inc.'s Core Purpose

Official mission statement

While J.W. Mays, Inc. does not have a prominently displayed official mission statement, insights into their core purpose can be gleaned from company filings and activities:

• Focus on maximizing long-term shareholder value through real estate operations.
• Commitment to maintaining and improving their properties for community benefit.
• Strategic investments in areas that show potential for growth and development.

Vision statement

Similarly, a specific vision statement is not publicly available. However, the company's strategic direction suggests the following aspirational goals:

• To be a leading real estate investment firm known for its responsible and community-focused approach.
• To create value by identifying and developing properties that contribute positively to the local economy.
• To ensure long-term sustainability and profitability through prudent financial management.

Company slogan/tagline

J.W. Mays, Inc. does not appear to use a formal slogan or tagline. Instead, their business practices and investment strategies communicate their core values:

• Strategic Growth: Investing in properties with long-term potential.
• Community Focus: Maintaining properties that benefit the surrounding area.
• Responsible Management: Ensuring financial stability and sustainable operations.

To gain a deeper understanding of the company's financial performance and stability, explore Breaking Down J.W. Mays, Inc. (MAYS) Financial Health: Key Insights for Investors.

J.W. Mays, Inc. (MAYS) How It Works

J.W. Mays, Inc. primarily operates as a real estate holding and management company, focusing on commercial properties.

J.W. Mays, Inc.'s Product/Service Portfolio

J.W. Mays, Inc.'s Operational Framework

J.W. Mays, Inc. generates revenue through:

• Lease Agreements: Securing long-term leases with retail tenants for commercial spaces.
• Property Management: Providing comprehensive property management services, ensuring tenant satisfaction and property upkeep.

Operational processes include:

• Acquisition and Development: Identifying and acquiring properties with high potential for retail leasing.
• Tenant Acquisition: Attracting and retaining a diverse mix of tenants to maximize property value.
• Property Maintenance: Ensuring properties are well-maintained to attract and retain tenants.

For detailed insights into the company's financial standing, explore: Breaking Down J.W. Mays, Inc. (MAYS) Financial Health: Key Insights for Investors

J.W. Mays, Inc.'s Strategic Advantages

J.W. Mays, Inc. maintains a competitive edge through:

• Strategic Property Locations: Owning properties in high-demand urban areas ensures consistent tenant interest and rental income.
• Established Reputation: A long history in real estate provides a strong reputation and trust with tenants.
• Focused Business Model: Specializing in commercial real estate allows for efficient management and deep market knowledge.

J.W. Mays, Inc. (MAYS) How It Makes Money

J.W. Mays, Inc. primarily generates revenue through leasing retail space in its commercial properties.

J.W. Mays, Inc.'s Revenue Breakdown

As a real estate investment trust (REIT) focused on commercial properties, J.W. Mays, Inc.'s revenue streams are concentrated in rental income. Given the limited information available, a detailed percentage breakdown is not accessible. However, the primary revenue source is clear.

J.W. Mays, Inc.'s Business Economics

J.W. Mays, Inc.'s business economics are rooted in the fundamentals of commercial real estate investment. Key aspects include:

• Occupancy Rates: Maintaining high occupancy rates in their properties is crucial. Higher occupancy directly translates to increased rental income and overall profitability.
• Lease Terms: The terms and duration of leases significantly impact revenue stability. Longer lease terms provide predictable income streams, while shorter terms allow for adjustments to market rental rates.
• Property Management: Efficient property management is essential for controlling operating expenses. Effective management ensures tenant satisfaction, reduces vacancies, and preserves property value.
• Market Conditions: Local economic conditions and retail market trends influence rental rates and property values. Strong retail markets support higher rents and property appreciation.

These factors collectively determine the financial health and profitability of J.W. Mays, Inc.

J.W. Mays, Inc.'s Financial Performance

Analyzing J.W. Mays, Inc.'s financial performance involves considering several key metrics:

• Revenue: Total revenue, derived almost entirely from rental income, indicates the company's ability to lease its properties effectively.
• Net Operating Income (NOI): NOI, which represents revenue less operating expenses, is a critical measure of profitability. A higher NOI indicates efficient property management and strong rental income.
• Funds From Operations (FFO): Common for REITs, FFO adjusts net income to exclude gains and losses from property sales and depreciation, providing a clearer picture of cash flow generated from operations.
• Dividend Yield: As a REIT, J.W. Mays, Inc. is required to distribute a significant portion of its taxable income to shareholders. The dividend yield reflects the annual dividend payment relative to the stock price.

For more insights into the company's financial standing, see: Breaking Down J.W. Mays, Inc. (MAYS) Financial Health: Key Insights for Investors

J.W. Mays, Inc. (MAYS) Market Position & Future Outlook

J.W. Mays, Inc. faces a transforming retail landscape, requiring strategic adaptation to maintain its market position and ensure a stable future outlook. To gain more insight into the investors behind MAYS, check out: Exploring J.W. Mays, Inc. (MAYS) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

• J.W. Mays, Inc. primarily operates as a real estate holding company.
• The company's financial performance is closely tied to the real estate market and its ability to generate income from its properties.
• Key aspects of their industry position include:
  • Real Estate Portfolio: The value and occupancy rates of their properties significantly influence their revenue.
  • Market Conditions: Economic factors and local market dynamics affect property values and rental income.
  • Competition: Competition from other real estate companies and property developers impacts their ability to attract and retain tenants.