J. W. Mays (MAYS)
Market Price (11/6/2026): $42.15 | Market Cap: $85.0 MilSector: Real Estate | Industry: Real Estate Services
J. W. Mays (MAYS)
Market Price (11/6/2026): $42.15Market Cap: $85.0 MilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 35% | Weak multi-year price returns2Y Excs Rtn is -35%, 3Y Excs Rtn is -91% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.9% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 55x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.1%, Rev Chg QQuarterly Revenue Change % is -6.0% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.0% Key risksMAYS key risks include [1] tenant instability and revenue loss within its geographically concentrated real estate portfolio, Show more. |
| Low stock price volatilityVol 12M is 35% |
| Weak multi-year price returns2Y Excs Rtn is -35%, 3Y Excs Rtn is -91% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.9% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 55x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.1%, Rev Chg QQuarterly Revenue Change % is -6.0% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.0% |
| Key risksMAYS key risks include [1] tenant instability and revenue loss within its geographically concentrated real estate portfolio, Show more. |
Qualitative Assessment
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J. W. Mays (MAYS) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. Strategic Efforts to Monetize Real Estate Assets.
J. W. Mays has been actively marketing its property at 25 Elm Place, Brooklyn, New York, for sale since April 2026, with the ongoing objective to manage liquidity and potentially unlock significant value from its commercial real estate portfolio. This sustained company-specific initiative to divest assets is a key factor that has likely contributed to investor confidence and the stock's appreciation within the specified period.
2. Positive Technical Momentum.
The stock experienced a significant technical breakout in late October 2026, notably by breaking above its 200-day moving average on October 27, 2026. This technical indicator often signals a strengthening bullish trend and can attract increased buying interest from momentum traders and institutional investors, thereby contributing to the stock's upward trajectory since July 31, 2026.
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J. W. Mays (MAYS) stock has gained about 15% since 7/31/2026 because of the following key factors:
1. Strategic Efforts to Monetize Real Estate Assets.
J. W. Mays has been actively marketing its property at 25 Elm Place, Brooklyn, New York, for sale since April 2026, with the ongoing objective to manage liquidity and potentially unlock significant value from its commercial real estate portfolio. This sustained company-specific initiative to divest assets is a key factor that has likely contributed to investor confidence and the stock's appreciation within the specified period.
2. Positive Technical Momentum.
The stock experienced a significant technical breakout in late October 2026, notably by breaking above its 200-day moving average on October 27, 2026. This technical indicator often signals a strengthening bullish trend and can attract increased buying interest from momentum traders and institutional investors, thereby contributing to the stock's upward trajectory since July 31, 2026.
3. Underlying Asset Value and Low Leverage.
J. W. Mays, as a commercial real estate company, owns a portfolio of properties predominantly in prime locations such as downtown Brooklyn, which are historically carried at depreciated costs on its books. This suggests a substantial underlying asset value that likely exceeds the reported book value. Coupled with the company's low leverage profile, this fundamental strength may have attracted investors seeking long-term value and stability in its real estate holdings, especially as the company pursues strategic asset divestiture.
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Stock Movement Drivers
Fundamental Drivers
The 13.6% change in MAYS stock from 7/31/2026 to 11/5/2026 was primarily driven by a 15.5% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.72 | 44.00 | 13.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 21 | 21 | -1.6% |
| P/S Multiple | 3.6 | 4.2 | 15.5% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 13.6% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MAYS | 13.6% | |
| Market (SPY) | -1.9% | 25.6% |
| Sector (XLRE) | -1.7% | 12.3% |
Fundamental Drivers
The 8.7% change in MAYS stock from 4/30/2026 to 11/5/2026 was primarily driven by a 12.1% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.48 | 44.00 | 8.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 21 | -3.0% |
| P/S Multiple | 3.8 | 4.2 | 12.1% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 8.7% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MAYS | 8.7% | |
| Market (SPY) | 2.3% | 31.6% |
| Sector (XLRE) | 0.6% | -1.8% |
Fundamental Drivers
The 15.1% change in MAYS stock from 10/31/2025 to 11/5/2026 was primarily driven by a 22.6% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.22 | 44.00 | 15.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 21 | -6.1% |
| P/S Multiple | 3.4 | 4.2 | 22.6% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 15.1% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MAYS | 15.1% | |
| Market (SPY) | 8.4% | 25.9% |
| Sector (XLRE) | 11.2% | 3.2% |
Fundamental Drivers
The -7.6% change in MAYS stock from 10/31/2023 to 11/5/2026 was primarily driven by a -6.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.60 | 44.00 | -7.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23 | 21 | -6.6% |
| P/S Multiple | 4.3 | 4.2 | -1.1% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | -7.6% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MAYS | -7.6% | |
| Market (SPY) | 81.3% | 4.0% |
| Sector (XLRE) | 47.1% | -8.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MAYS Return | 80% | 18% | -13% | 5% | -9% | 10% | 95% |
| Peers Return | 66% | -13% | 7% | 14% | -0% | -1% | 74% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| MAYS Win Rate | 67% | 58% | 50% | 42% | 58% | 55% | |
| Peers Win Rate | 83% | 40% | 53% | 57% | 42% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| MAYS Max Drawdown | -19% | -36% | -16% | -11% | -18% | -31% | |
| Peers Max Drawdown | -12% | -33% | -22% | -13% | -21% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KIM, FRT, BRX, SITC, REG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | MAYS | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 433 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.0% | -3.7% |
| % Gain to Breakeven | 37.1% | 3.9% |
| Time to Breakeven | 104 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.6% | -12.2% |
| % Gain to Breakeven | 18.4% | 13.9% |
| Time to Breakeven | 74 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.9% | -17.9% |
| % Gain to Breakeven | 29.7% | 21.8% |
| Time to Breakeven | 13 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -40.4% | -15.4% |
| % Gain to Breakeven | 67.7% | 18.2% |
| Time to Breakeven | 841 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -81.0% | -53.4% |
| % Gain to Breakeven | 427.4% | 114.4% |
| Time to Breakeven | 421 days | 1085 days |
In The Past
J. W. Mays's stock fell 0.0% during the 2025 US Tariff Shock. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | MAYS | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 433 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.0% | -3.7% |
| % Gain to Breakeven | 37.1% | 3.9% |
| Time to Breakeven | 104 days | 6 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.9% | -17.9% |
| % Gain to Breakeven | 29.7% | 21.8% |
| Time to Breakeven | 13 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -40.4% | -15.4% |
| % Gain to Breakeven | 67.7% | 18.2% |
| Time to Breakeven | 841 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -81.0% | -53.4% |
| % Gain to Breakeven | 427.4% | 114.4% |
| Time to Breakeven | 421 days | 1085 days |
In The Past
J. W. Mays's stock fell 0.0% during the 2025 US Tariff Shock. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About J. W. Mays (MAYS)
J.W. Mays, Inc. is a real estate company specializing in the ownership, operation, and leasing of commercial properties across the United States. Established in 1924 and headquartered in Brooklyn, New York, the company's business model is centered on generating rental income from its portfolio of managed real estate assets.
The company's main service involves providing various commercial spaces for lease to a diverse range of tenants. These properties are strategically situated in several locations across New York, including Brooklyn, Jamaica, Fishkill, Levittown, and Massapequa, as well as in Circleville, Ohio. Its primary customers are businesses and other organizations seeking commercial premises in these specific regional markets for their operational needs.
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Here are a few brief analogies for J. W. Mays (MAYS):
- Think of it as a smaller, regional version of Simon Property Group, but for a variety of commercial properties (offices, retail, etc.) rather than primarily shopping malls.
- It's like Public Storage, but instead of leasing out self-storage units, MAYS leases out commercial building spaces (like offices or retail) to businesses.
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- Commercial Real Estate Leasing: The company leases space in its owned and operated commercial properties to tenants.
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J. W. Mays, Inc. operates by owning, operating, and leasing commercial real estate properties. Therefore, its customers are commercial tenants that lease space for their business operations.
Based on a review of J. W. Mays' public filings, the company does not disclose specific major customers (tenants) by name, indicating a diversified tenant base rather than reliance on a few large entities. As such, specific company names and symbols for major customers cannot be provided.
However, given the description of its properties which include retail, office, and warehouse spaces, the categories of commercial customers that lease from J. W. Mays typically include:
- Retail Businesses: Companies that lease space for storefronts, shops, and other consumer-facing operations within J. W. Mays' retail and commercial properties.
- Office Tenants: Businesses that lease office space for administrative functions, professional services, and other corporate operations.
- Warehouse and Logistics Companies: Entities that lease industrial and warehouse space for storage, distribution, and logistical operations.
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Lloyd J. Shulman, Chairman of the Board, President, and Chief Executive Officer
Mr. Shulman has served J.W. Mays, Inc. since 1965 and has been Chairman of the Board, President, and Chief Executive Officer since November 1996. He was appointed CEO in November 1978 and has a tenure of over 47 years. Mr. Shulman directly owns 49.38% of the company's shares.
Ward N. Lyke Jr., Vice President, Chief Financial Officer, and Treasurer
Mr. Lyke was appointed Chief Financial Officer effective January 1, 2024, replacing Mark Greenblatt. He began working for J.W. Mays, Inc. in 1972 and first became an Officer in 1984, having most recently served as a Vice President and Assistant Treasurer.
George Silva, Vice President of Operations
Mr. Silva holds the position of Vice President of Operations for J.W. Mays, Inc.
Salvatore Cappuzzo, Secretary
Mr. Cappuzzo serves as the Secretary for J.W. Mays, Inc.
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The key risks to J. W. Mays' business operations are primarily centered around its financial performance, liquidity, and debt structure.
- Declining Rental Income and Widening Losses: J.W. Mays, Inc. has reported significant widening losses and a decrease in rental income, primarily attributed to a loss of tenants and concessions on rent. This trend indicates pressure on the company's core leasing model and overall profitability.
- Tight Liquidity and High Capital Expenditure Demands: The company faces a challenging liquidity position with low cash and cash equivalents. This is compounded by substantial capital expenditure projections for the upcoming year, which management anticipates funding through operational cash flow and new borrowings.
- Mortgage Structure and Refinancing/Call Risk: J.W. Mays holds a single bank mortgage that grants the lender the right to demand full repayment at any point through April 1, 2040. This callable mortgage structure significantly impacts the company's perceived short-term liquidity and introduces considerable refinancing and call risk.
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The accelerating shift of consumer spending from traditional brick-and-mortar retail to e-commerce platforms, reducing demand for physical retail spaces.
The increasing adoption of remote and hybrid work models, potentially leading to reduced demand for traditional office spaces.
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The addressable markets for J. W. Mays' main products or services (owning, operating, and leasing commercial real estate properties) are identified for specific regions:
- The overall commercial real estate market in New York City, which includes Brooklyn and Jamaica, is estimated to be close to $2 trillion in value.
- For Brooklyn specifically, the total commercial real estate sales volume in 2025 reached $6.66 billion.
- For the Long Island retail market, which includes Levittown and Massapequa, approximately $1.2 billion in transactions occurred in the last 12 months as of Q3 2023.
- For Fishkill, New York, and Circleville, Ohio, a comprehensive addressable market size in financial terms is not readily available from the provided data.
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J. W. Mays, Inc. (MAYS) is expected to drive future revenue growth over the next 2-3 years through several key strategies related to its commercial real estate portfolio.
- Increasing Rental Rates: The company's strategy involves pursuing opportunities to enhance rental rates through targeted improvements to its properties. Historically, revenue increases have been attributed to higher rent from existing tenants, indicating this as an ongoing driver.
- Improving Occupancy Rates and Securing New Leases: A core component of J. W. Mays's strategy is to enhance occupancy across its commercial, retail, and multi-family residential properties. Past revenue growth has been positively impacted by securing new leases.
- Strategic Property Upgrades and Repositioning: J. W. Mays emphasizes disciplined capital allocation and selective property upgrades. Given the evolving commercial real estate landscape, particularly in New York City, this includes adapting properties to feature flexible, amenity-rich spaces, and potentially repositioning older buildings into mixed-use or residential properties to meet current market demands. These improvements aim to attract new tenants and support higher rental rates.
- Benefiting from Favorable Market Dynamics in Key Regions: The company strategically targets well-located office and retail buildings, as well as garden-style apartment complexes, within the New York metropolitan area and Ohio. Its strategy aims to capitalize on urban demand and limited new construction in these primary markets, which can naturally drive demand for its existing portfolio and support revenue growth.
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Capital Expenditures
- J.W. Mays anticipates approximately $12 million in planned capital expenditures over the next 12 months (from March 2026) aimed at enhancing property assets.
- For the three months ended January 31, 2026 (Q3 2026), J.W. Mays, Inc. invested $984,000 in capital expenditures.
- The company's capital expenditures focus on tenant improvements and other property enhancements to boost occupancy and rental rates.
Peer Outperformance in Real Estate Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 15 | 18.1% | 67.6% | 71.7% | WELL 227% · OHI 136% · CTRE 125% |
| Retail REITs | 23 | 16.2% | 39.2% | 23.5% | SKT 120% · SPG 73% · IVT 52% |
| Other Specialized REITs | 11 | -0.8% | 27.7% | 11.9% | IRM 168% · LAMR 66% · EPR 59% |
| Hotel & Resort REITs | 16 | 56.6% | 44.8% | 8.7% | HST 72% · RHP 64% · DRH 51% |
| Real Estate Development | 6 | -2.3% | 21.6% | 6.5% | JOE 48% |
| Industrial REITs | 11 | 14.6% | 34.9% | 1.5% | EGP 13% · CUBE 7% · STAG 7% |
| Single-Family Residential REITs | 4 | 1.5% | 4.4% | -17.0% | AMH -4% · ELS -14% · INVH -20% |
| Multi-Family Residential REITs | 12 | -0.6% | 20.0% | -24.0% | ESS -3% · VMRK -6% · UDR -18% |
| Diversified REITs | 13 | 6.3% | 18.2% | -28.3% | EPRT 17% · WPC 12% · LXP 7% |
| Office REITs | 19 | 1.8% | 36.0% | -34.3% | CDP 41% · HIW -4% · SLG -5% |
| Telecom Tower REITs | 3 | 6.5% | 10.0% | -35.3% | AMT -18% · CCI -35% · SBAC -39% |
| Real Estate Services ← | 26 | -29.8% | -11.8% | -40.2% | JLL 40% · CBRE 28% · NMRK -22% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.04 |
| Mkt Cap | 9.5 |
| Rev LTM | 1,387 |
| Op Inc LTM | 500 |
| FCF LTM | 514 |
| FCF 3Y Avg | 486 |
| CFO LTM | 670 |
| CFO 3Y Avg | 624 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.6% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | 3.6% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | 6.4% |
| Op Inc Chg 3Y Avg | 6.7% |
| Op Mgn LTM | 34.8% |
| Op Mgn 3Y Avg | 34.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 48.3% |
| CFO/Rev 3Y Avg | 47.8% |
| FCF/Rev LTM | 36.8% |
| FCF/Rev 3Y Avg | 36.9% |
Price Behavior
| Market Price | $44.00 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 02/26/1992 | |
| Distance from 52W High | -20.0% | |
| 50 Days | 200 Days | |
| DMA Price | $41.40 | $41.39 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 6.3% | 6.3% |
| 3M | 1YR | |
| Volatility | 33.0% | 35.3% |
| Downside Capture | -38.55 | 28.86 |
| Upside Capture | 51.62 | 43.69 |
| Correlation (S&P 500) | 14.4% | 18.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.16 | 0.57 | 0.34 | 0.61 | 0.50 | 0.02 |
| Up Beta | 5.25 | 2.40 | 1.33 | 0.89 | 0.29 | -0.01 |
| Down Beta | -1.06 | -1.17 | -0.24 | 0.63 | 1.01 | 0.09 |
| Up Capture | 193% | 125% | 69% | 63% | 39% | 0% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 6 | 8 | 16 | 29 | 51 | 96 |
| Down Capture | -74% | 35% | -45% | 39% | 36% | 3% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 2 | 9 | 13 | 25 | 45 | 99 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAYS | |
|---|---|---|---|---|
| MAYS | 15.3% | 61.3% | 1.32 | - |
| Sector ETF (XLRE) | 11.1% | 14.6% | 0.49 | -3.0% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 18.2% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 15.0% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | 2.6% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 0.9% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 17.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAYS | |
|---|---|---|---|---|
| MAYS | 7.0% | 52.0% | 0.80 | - |
| Sector ETF (XLRE) | 1.5% | 19.2% | -0.03 | 4.8% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 4.2% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 8.7% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | -3.6% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 5.8% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | -2.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAYS | |
|---|---|---|---|---|
| MAYS | 0.8% | 40.7% | 0.18 | - |
| Sector ETF (XLRE) | 7.1% | 20.4% | 0.30 | 2.1% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 2.8% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 2.0% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | -1.8% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 3.2% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 2.0% |
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Earnings Returns History
Updated 6/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 10/22/2026 | 10-K |
| 04/30/2026 | 06/11/2026 | 10-Q |
| 01/31/2026 | 03/12/2026 | 10-Q |
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 10/23/2025 | 10-K |
| 04/30/2025 | 06/12/2025 | 10-Q |
| 01/31/2025 | 03/13/2025 | 10-Q |
| 10/31/2024 | 12/12/2024 | 10-Q |
| 07/31/2024 | 10/24/2024 | 10-K |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 03/14/2024 | 10-Q |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 10/19/2023 | 10-K |
| 04/30/2023 | 06/08/2023 | 10-Q |
| 01/31/2023 | 03/09/2023 | 10-Q |
| 10/31/2022 | 12/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 10/22/2026 | 10-K |
| 04/30/2026 | 06/11/2026 | 10-Q |
| 01/31/2026 | 03/12/2026 | 10-Q |
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 10/23/2025 | 10-K |
| 04/30/2025 | 06/12/2025 | 10-Q |
| 01/31/2025 | 03/13/2025 | 10-Q |
| 10/31/2024 | 12/12/2024 | 10-Q |
| 07/31/2024 | 10/24/2024 | 10-K |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 03/14/2024 | 10-Q |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 10/19/2023 | 10-K |
| 04/30/2023 | 06/08/2023 | 10-Q |
| 01/31/2023 | 03/09/2023 | 10-Q |
| 10/31/2022 | 12/08/2022 | 10-Q |
| 07/31/2022 | 10/20/2022 | 10-K |
| 04/30/2022 | 06/09/2022 | 10-Q |
| 01/31/2022 | 03/10/2022 | 10-Q |
| 10/31/2021 | 12/09/2021 | 10-Q |
| 07/31/2021 | 10/21/2021 | 10-K |
| 04/30/2021 | 06/10/2021 | 10-Q |
| 01/31/2021 | 03/04/2021 | 10-Q |
| 10/31/2020 | 12/10/2020 | 10-Q |
| 07/31/2020 | 10/08/2020 | 10-K |
| 04/30/2020 | 06/04/2020 | 10-Q |
| 01/31/2020 | 03/05/2020 | 10-Q |
| 10/31/2019 | 12/05/2019 | 10-Q |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Real Estate Services Resources |
| CBRE Research |
| JLL Trends & Insights |
| Cushman & Wakefield Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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