MAYS J W INC
For the period ended Jul 31, 2024. Filed Oct 24, 2024.
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FY2024 · Filed Oct 24, 2024
MAYS$43.50+3.2%Stored close · as of Nov 9, 2026
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EX-13 · SCHEDULE III
SCHEDULE III
**J.W. MAYS, INC.
REAL ESTATE AND ACCUMULATED DEPRECIATION
July 31, 2024
| Col. A · Col. B · Col. C · Col. D · Col. E · Col. F · Col. G · Col. H · Col. I | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Cost to Company · Cost Capitalized Subsequent to Acquisition · Gross Amount at Which Carried At Close of Period · Life on Which Depreciation in Latest Income | ||||||||||||
| Description | Encumbrances | Land | Building & Improvements | Improvements | Carried Cost | Land | Building & Improvements | Total | Accumulated Depreciation | Date of Construction | Date Acquired | Statement is Computed |
| Office and Rental Buildings Brooklyn, New York Fulton Street at Bond Street | $497,045 | $3,901,349 | $7,403,468 | $26,730,537 | $— | $3,901,349 | $34,134,005 | $38,035,354 | $17,040,480 | Various | Various | (1)(2) |
| Jamaica, New York Jamaica Avenue at 169th Street | — | — | — | 688,744 | — | — | 688,744 | 688,744 | 177,597 | 1959 | 1959 | (3) |
| Fishkill, New York Route 9 at Interstate Highway 84 | 3,393,720 | 594,723 | 7,212,116 | 16,741,557 | — | 594,723 | 23,953,673 | 24,548,396 | 10,834,178 | 10/74 | 11/72 | (1) |
| Brooklyn, New York Jowein Building Fulton Street and Elm Place | — | 1,324,957 | 728,327 | 17,595,368 | — | 1,324,957 | 18,323,695 | 19,648,652 | 8,044,923 | 1915 | 1950 | (1)(2) |
| Levittown, New York Hempstead Turnpike | — | 125,927 | — | — | — | 125,927 | — | 125,927 | — | 4/69 | 6/62 | (1) |
| Circleville, Ohio Tarlton Road | — | 120,849 | 4,388,456 | 113,620 | — | 120,849 | 4,502,076 | 4,622,925 | 3,476,843 | 9/92 | 12/92 | (1) |
| Total(A) | $3,890,765 | $6,067,805 | $19,732,367 | $61,869,826 | $— | $6,067,805 | $81,602,193 | $87,669,998 | $39,574,021 | |||
| (1) | Building and improvements 18–40 years |
| (2) | Improvements to leased property 3–40 years |
| (3) | Upon lease termination in 2035, the building and all improvements will be turned over to the landlord as property owner (See Notes 1 and 10 to the Accompanying Consolidated Financial Statements). Leasehold improvements are amortized over the life of the lease. |
| (A) | Does not include Office Furniture and Equipment and Transportation Equipment in the amount of $295,156 and Accumulated Depreciation thereon of $229,353 at July 31, 2024. |
| Year Ended July 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Investment in Real Estate | ||
| Balance at Beginning of Year | $85,185,857 | $84,139,551 |
| Improvements | 2,484,141 | 1,046,306 |
| Retirements | — | — |
| Balance at End of Year | $87,669,998 | $85,185,857 |
| Accumulated Depreciation | ||
| Balance at Beginning of Year | $37,885,631 | $36,244,642 |
| Additions Charged to Costs and Expenses | 1,688,390 | 1,640,989 |
| Retirements | — | — |
| Balance at End of Year | $39,574,021 | $37,885,631 |
J.W. MAYS, INC.
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