| REAL ESTATE AND ACCUMULATED DEPRECIATION |
SCHEDULE
III
J.W.
MAYS, INC.
REAL ESTATE AND ACCUMULATED DEPRECIATION
July 31, 2026
| 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 | |
$ | — | | |
$ | 3,901,349 | | |
$ | 7,403,468 | | |
$ | 27,766,689 | | |
$ | — | | |
$ | 3,901,349 | | |
$ | 35,170,157 | | |
$ | 39,071,506 | | |
$ | 18,594,191 | | |
Various | |
Various | |
(1)(2) |
| Jamaica,
New York Jamaica Avenue at 169th Street | |
| — | | |
| — | | |
| — | | |
| 2,609,230 | | |
| — | | |
| — | | |
| 2,609,230 | | |
| 2,609,230 | | |
| 406,476 | | |
1959 | |
1959 | |
(3) |
| Fishkill,
New York Route 9 at Interstate Highway 84 | |
| 3,586,549 | | |
| 594,723 | | |
| 7,212,116 | | |
| 21,400,656 | | |
| — | | |
| 594,723 | | |
| 28,612,772 | | |
| 29,207,495 | | |
| 11,590,438 | | |
10/74 | |
11/72 | |
(1) |
| Brooklyn,
New York Jowein Building Fulton Street and Elm Place | |
| — | | |
| 1,324,957 | | |
| 728,327 | | |
| 18,619,062 | | |
| — | | |
| 1,324,957 | | |
| 19,347,389 | | |
| 20,672,346 | | |
| 8,835,262 | | |
1915 | |
1950 | |
(1)(2) |
| Levittown,
New York Hempstead Turnpike | |
| — | | |
| 125,927 | | |
| — | | |
| — | | |
| — | | |
| 125,927 | | |
| — | | |
| 125,927 | | |
| — | | |
4/69 | |
6/62 | |
(1) |
| Circleville,
Ohio Tarlton Road | |
| 6,164,086 | | |
| 120,849 | | |
| 4,388,456 | | |
| 113,620 | | |
| — | | |
| 120,849 | | |
| 4,502,076 | | |
| 4,622,925 | | |
| 3,701,947 | | |
9/92 | |
12/92 | |
(1) |
| Total(A) | |
$ | 9,750,635 | | |
$ | 6,067,805 | | |
$ | 19,732,367 | | |
$ | 70,509,257 | | |
$ | — | | |
$ | 6,067,805 | | |
$ | 90,241,624 | | |
$ | 96,309,429 | | |
$ | 43,128,314 | | |
| |
| |
|
| (1) | Building
and improvements |
18–40
years Building and improvements |
| (2) | Improvements
to leased property |
3–40
years Improvements to leased property |
| (3) | Upon
lease termination in 2040, 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
$269,328 and Accumulated Depreciation thereon of $258,187 at July 31, 2026. |
| |
|
|
|
|
|
|
|
|
| | |
Year
Ended July 31, | |
| | |
2026 | | |
2025 | |
| Investment
in Real Estate | |
| | | |
| | |
| Balance at Beginning
of Year | |
$ | 90,062,284 | | |
$ | 87,669,998 | |
| Improvements | |
| 6,505,145 | | |
| 2,392,286 | |
| Retirements | |
| (258,000 | ) | |
| — | |
| Balance
at End of Year | |
$ | 96,309,429 | | |
$ | 90,062,284 | |
| Accumulated
Depreciation | |
| | | |
| | |
| Balance at Beginning of Year | |
$ | 41,344,518 | | |
$ | 39,574,021 | |
| Additions Charged to Costs
and Expenses | |
| 1,874,096 | | |
| 1,770,497 | |
| Retirements | |
| (90,300 | ) | |
| — | |
| Balance
at End of Year | |
$ | 43,128,314 | | |
$ | 41,344,518 | |
|