FORM 10-Q

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D. C. 20549


[  X ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

 For the quarterly period ended   April 30, 2000

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from ________________ to  ________________

                         Commission file number 1-3647

                                J.W. Mays, Inc.
            (Exact name of registrant as specified in its charter)

           New York                          11-1059070
     (State or other jurisdiction of        (I.R.S. Employer
      incorporation or organization)         Identification No.)

9 Bond Street,  Brooklyn,  New York            11201-5805
(Address of principal executive offices)       (Zip Code)

(Registrant's telephone number, including area code) 718-624-7400

                                Not Applicable
             (Former name, former address and former fiscal year,
                         if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes   X  .       No      .

Number of shares outstanding of the issuer's common stock as of the latest
practicable date.

        Class                                Outstanding at June 7, 2000
Common Stock,  $1 par value                       2,088,280 shares

                                             This report contains 15 pages.
<PAGE>
                               J. W. MAYS,  INC.

                                     INDEX





                                                            Page No.


Part I  -   Financial Information:

          Consolidated Balance Sheet                          3

          Consolidated Statement of Income
            and Retained Earnings                             4

          Consolidated Statement of Comprehensive Income      4

          Consolidated Statement of Cash Flows                5

          Notes to Consolidated Financial Statements          6 - 11

          Management's Discussion and Analysis of Results
            of Operations and Financial Condition             12 - 13


Part II  -  Other Information                                 14

<PAGE>
 <TABLE>

<CAPTION>
                       J.  W.  MAYS,  INC.
                   CONSOLIDATED BALANCE SHEET
                                                                      April 30,        July 31,
                             ASSETS                                     2000             1999
 --------------------------------------------------------------- ---------------  ---------------
                                                                   (Unaudited)       (Audited)

<S>                                                                <C>              <C>
Property and Equipment - Net (Notes 5 and 7)                        $29,415,323      $28,786,035
                                                                   -------------    -------------

Current Assets:
  Cash and cash equivalents                                           1,744,343        1,489,843
  Marketable securities  (Note 4)                                        41,222           39,993
  Receivables (Note 8)                                                   70,062          415,243
  Income taxes refundable                                                   -             38,727
  Deferred income taxes                                                 117,000           79,000
  Security deposits                                                         -              6,165
  Prepaid expenses                                                      572,325          960,614
                                                                   -------------    -------------
       Total current assets                                           2,544,952        3,029,585
                                                                   -------------    -------------

Other Assets:
  Deferred charges                                                    2,610,492        2,562,715
  Less accumulated amortization                                       1,451,797        1,341,887
                                                                   -------------    -------------
       Net                                                            1,158,695        1,220,828
  Security deposits                                                     648,861          633,424
  Unbilled receivables (Note 8)                                       4,665,042        4,423,417
  Unbilled receivables - affiliated company (Note 8)                    409,359          545,812
  Receivables                                                             2,488           12,534
  Marketable securities  (Note 4)                                     2,968,818        3,005,401
                                                                   -------------    -------------
       Total other assets                                             9,853,263        9,841,416
                                                                   -------------    -------------


        TOTAL ASSETS                                                $41,813,538      $41,657,036
                                                                   =============    =============

              LIABILITIES AND SHAREHOLDERS ' EQUITY
 ---------------------------------------------------------------

Long-Term Debt:
  Mortgages payable (Note 5)                                         $6,382,882       $6,439,933
  Other (Note 6)                                                        424,625          490,716
                                                                   -------------    -------------
       Total long-term debt                                           6,807,507        6,930,649
                                                                   -------------    -------------

Deferred Income Taxes                                                 2,025,000        1,740,000
                                                                   -------------    -------------

Current Liabilities:
  Accounts payable                                                       15,288           29,728
  Payroll and other accrued liabilities                                 584,995          380,140
  Income taxes payable                                                    2,115              -
  Other taxes payable                                                     5,503            2,205
  Current portion of long-term debt - mortgages payable (Note 5)        847,897        1,396,711
  Current portion of long-term debt - other (Note 6)                    104,000          110,165
                                                                   -------------    -------------
       Total current liabilities                                      1,559,798        1,918,949
                                                                   -------------    -------------

       Total liabilities                                             10,392,305       10,589,598
                                                                   -------------    -------------

Shareholders' Equity:
  Common stock, par value $1 each share (shares - 5,000,000
    authorized; 2,178,297 issued)                                     2,178,297        2,178,297
  Additional paid in capital                                          3,346,245        3,346,245
  Unrealized gain (loss) on available for sale securities               (38,235)         136,998
  Retained earnings                                                  26,481,528       25,696,000
                                                                   -------------    -------------
                                                                     31,967,835       31,357,540
  Less common stock held in treasury, at cost - 90,017
    shares at April 30, 2000 and  42,517 shares at July 31, 1999        546,602          290,102
                                                                   -------------    -------------
       Total shareholders' equity                                    31,421,233       31,067,438
                                                                   -------------    -------------

Contingencies (Note 12)

       TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                   $41,813,538      $41,657,036
                                                                   =============    =============

See Notes to Consolidated Financial Statements.


                                                       -3-
</TABLE>
<PAGE>
 <TABLE>



<CAPTION>

                           J.  W. MAYS, INC.

       CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS



                                                                        Three Months Ended                Nine Months Ended
                                                                            April 30,                         April 30,
<S>                                                               <C>              <C>              <C>              <C>
                                                                  --------------- ----------------  --------------- ---------------
                                                                       2000            1999              2000            1999
                                                                  --------------  --------------    --------------  --------------
                                                                   (Unaudited)     (Unaudited)       (Unaudited)     (Unaudited)

Revenues
  Rental income (Note 8)                                              $2,612,214      $2,563,578        $7,837,485      $7,661,194

  Rental income - affiliated company                                     103,402         103,402           310,207         310,207
                                                                   --------------  --------------    --------------  --------------
      Total revenues                                                   2,715,616       2,666,980         8,147,692       7,971,401
                                                                   --------------  --------------    --------------  --------------


Expenses
  Real estate operating expenses                                       1,387,532       1,336,721         4,184,417       4,056,902
  Administrative and general expenses                                    541,803         487,629         1,704,304       1,548,954
  Depreciation and amortization                                          251,941         252,569           746,823         753,141
                                                                   --------------  --------------    --------------  --------------
       Total expenses                                                  2,181,276       2,076,919         6,635,544       6,358,997
                                                                   --------------  --------------    --------------  --------------
Income  from operations before investment income,
  interest expense and income taxes                                      534,340         590,061         1,512,148       1,612,404
                                                                   --------------  --------------    --------------  --------------
Investment income and interest expense:
  Investment income                                                       65,187          65,396           199,376         205,055
  Interest expense (Notes 5 and 10)                                     (150,856)       (169,405)         (469,996)       (517,963)
                                                                   --------------  --------------    --------------  --------------
                                                                         (85,669)       (104,009)         (270,620)       (312,908)
                                                                   --------------  --------------    --------------  --------------

Income before income taxes                                               448,671         486,052         1,241,528       1,299,496
Income taxes provided                                                    155,000         160,000           456,000         475,000
                                                                   --------------  --------------    --------------  --------------
Net income                                                               293,671         326,052           785,528         824,496

Retained earnings, beginning of period                                26,187,857      25,030,622        25,696,000      24,532,178
                                                                   --------------  --------------    --------------  --------------
Retained earnings, end of period                                     $26,481,528     $25,356,674       $26,481,528     $25,356,674
                                                                   ==============  ==============    ==============  ==============

Net income per common share (Note 2)                                        $.14            $.16              $.37            $.39
                                                                   ==============  ==============    ==============  ==============

Dividends per share                                                         $-              $-                $-              $-
                                                                   ==============  ==============    ==============  ==============

Average common shares outstanding                                      2,115,724       2,135,780         2,129,192       2,135,780
                                                                   ==============  ==============    ==============  ==============


See Notes to Consolidated Financial Statements.




                                                                             CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

                                                                         Three Months Ended                Nine Months Ended
                                                                              April 30,                         April 30,
                                                                  --------------- ----------------  --------------- ---------------
                                                                       2000            1999              2000            1999
                                                                  --------------  --------------    --------------  --------------
                                                                   (Unaudited)     (Unaudited)       (Unaudited)     (Unaudited)

Net Income                                                              $293,671        $326,052          $785,528        $824,496
                                                                   --------------  --------------    --------------  --------------

Other comprehensive income, net of tax (Note 3)


   Unrealized gain (loss) on available-for-sale securities:

       Net of taxes (benefit) of $8,000 and $0 for the three months

       ended April 30, 2000 and 1999, respectively, and $(90,000)

       and $6,000 for the nine months ended April 30, 2000 and

       and 1999, respectively.                                            14,728         (40,131)         (175,233)        (27,156)



   Less reclassification adjustment                                          -             6,160               -            (2,206)
                                                                   --------------  --------------    --------------  --------------
Other comprehensive income (loss)                                         14,728         (33,971)         (175,233)        (29,362)
                                                                   --------------  --------------    --------------  --------------
Comprehensive Income                                                    $308,399        $292,081          $610,295        $795,134
                                                                   ==============  ==============    ==============  ==============


See Notes to Consolidated Financial Statements.
                                                                 -4-
</TABLE>
<PAGE>
 <TABLE>

<CAPTION>
                       J.  W.  MAYS,  INC.

              CONSOLIDATED STATEMENT OF CASH FLOWS


                                                                        Nine Months Ended
                                                                            April 30,
                                                                  --------------  ---------------
                                                                       2000             1999
                                                                 ---------------  ---------------
<S>                                                               <C>              <C>
                                                                   (Unaudited)      (Unaudited)

Cash Flows From Operating Activities:
Net income                                                             $785,528         $824,496

Adjustments to reconcile income to
 net cash provided by operating activities:
  Amortization of premium on marketable debt securities                     -               (494)
  Realized loss on marketable securities                                    -             (2,206)
  Depreciation and amortization                                         746,823          753,141
  Amortization of deferred expenses                                     156,697          165,779
  Other assets - deferred expenses                                      (94,564)         (58,962)
                      - unbilled receivables                           (241,625)        (301,629)
                      - unbilled receivables - affiliated company       136,453          136,453
                      - receivables                                      10,046          164,568
                      - receivables - affiliated company                    -             87,943
  Deferred income taxes                                                 337,000          373,000

Changes in:
  Receivables                                                           345,181          208,859
  Prepaid expenses                                                      388,289          388,880
  Income taxes refundable                                                38,727          (34,977)
  Accounts payable                                                      (14,440)          (3,028)
  Payroll and other accrued liabilities                                 204,855           (5,199)
  Income taxes payable                                                    2,115          (82,348)
  Other taxes payable                                                     3,298            2,245
                                                                   -------------    -------------
     Cash provided by operating activities                            2,804,383        2,616,521
                                                                   -------------    -------------

Cash Flows From Investing Activities:
  Capital expenditures                                               (1,376,111)        (919,817)
  Security deposits                                                      (9,272)          (2,325)
  Marketable securities:
    Receipts from sales or maturities                                    50,000          394,714
    Payments for purchases                                             (279,879)        (450,987)
                                                                   -------------    -------------
       Cash  (used) by investing activities                          (1,615,262)        (978,415)
                                                                   -------------    -------------

Cash Flows From Financing Activities:
  Purchase of treasury stock                                           (256,500)             -
  Increase (decrease) - security deposits                                 5,745           (1,922)
  Payments - mortgages and other debt                                  (683,866)        (694,652)
                                                                   -------------    -------------
      Cash (used) by financing activities                              (934,621)        (696,574)
                                                                   -------------    -------------

Increase in cash                                                        254,500          941,532

Cash and cash equivalents at beginning of period                      1,489,843        1,047,979
                                                                   -------------    -------------

Cash and cash equivalents at end of period                           $1,744,343       $1,989,511
                                                                   =============    =============

See Notes to Consolidated Financial Statements.
                                                       -5-
</TABLE>
<PAGE>
                                J. W. MAYS,  INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1. Accounting Records:

   The accounting records are maintained in accordance with generally accepted
   accounting principles (GAAP).  The preparation of the Company's financial
   statements in accordance with GAAP requires management to make estimates
   that affect the reported consolidated balance sheets, consolidated
   statements of income and retained earnings and consolidated statements of
   comprehensive income and related disclosures.  Actual results could differ
   from those estimates.

   The interim financial statements are prepared pursuant to the requirements
   for reporting on Form 10-Q.  The July 31, 1999 balance sheet was derived
   from audited financial statements but does not include all disclosures
   required by GAAP.  The interim financial statements and notes thereto
   should be read in conjunction with the financial statements and notes
   included in the Company's latest Annual Report on Form 10-K for the year
   ended July 31, 1999.  In the opinion of management, the interim financial
   statements reflect all adjustments of a normal recurring nature necessary
   for a fair statement of the results for interim periods.  The results of
   operations for the current period are not necessarily indicative of the
   results for the entire year ending July 31, 2000.

2.   Income Per Share of Common Stock:

   Income per share has been computed by dividing the net income for the
   periods by the weighted average number of shares of common stock
   outstanding during the periods, adjusted for the purchase of treasury
   stock.  Shares used in computing income per share were 2,115,724 in the
   three month period ended April 30, 2000, 2,129,192 in the nine month period
   ended April 30, 2000 and 2,135,780 in each of the three and nine month
   periods ended April 30, 1999. The Company's adoption of Statement of
   Financial Standards No. 128 ("SFAS 128"), "Earnings Per Share", has had no
   effect on the computation of previously reported earnings per share.

3. Recent Accounting Pronouncements:


   In June 1997, SFAS No. 130, "Reporting Comprehensive Income" ("SFAS 130"),
   was issued.  SFAS 130 establishes standards for the reporting of
   comprehensive income and its components.  It requires all items that are
   required to be recognized as components of comprehensive income be reported
   in a financial statement that is displayed with the same prominence as
   other income statement information.  SFAS 130 is effective for financial
   statements for periods beginning after December 15, 1997.  Reclassification
   of financial statements for earlier periods presented for comparative
   purposes was required upon adoption.

   In June 1997, SFAS No 131, "Disclosures about Segments of an Enterprise and
   Related Information" ("SFAS 131"), was issued.  SFAS 131 establishes
   standards for the way that public business enterprises report information
   about operating segments in annual financial statements and requires that
   those enterprises report selected information about operating segments in
   annual financial statements and in interim financial reports issued to
   shareholders.  SFAS 131 is effective for financial statements for periods
   beginning after December 15, 1997.

   In February 1998, the Financial Accounting Standards Board issued Statement
   of Financial Standards No. 132, "Employers' Disclosures about Pensions and
   Other Postretirement Benefits" ("SFAS 132"),  effective for fiscal years
   beginning after December 15, 1997.  The Company's Retirement Plan is 100%
   funded, with Company contributions made quarterly, and there will be no
   additional liability recognized by the Company.

   The adoption of SFAS 131 and SFAS 132 did not have an effect on the
   Company's financial statements, and SFAS 130 is reflected in the April 30,
   2000 financial statements.



 <TABLE>


<CAPTION>
         4. Marketable Securities:

            The Company categorizes marketable securities as either trading, available-for-sale or held to maturity.
            Trading securities are carried at fair value with unrealized gains and losses included in income.  Available-
            for-sale securities are carried at fair value with unrealized gains and losses recorded as a separate
            component of shareholders' equity.  Held to maturity securities are carried at amortized cost.  Dividends
            and interest income are accrued as earned.


<S>          <C>                                               <C>            <C>              <C>            <C>

            As of April 30, 2000, the Company's marketable securities were classified as follows:


                                                                                   Gross            Gross
                                                                                Unrealized       Unrealized        Fair
                                                                    Cost           Gains           Losses          Value
                                                               -------------  -------------    -------------  -------------
  Current:

            Certificate of deposit                                   $41,222           $-               $-          $41,222
                                                                =============  =============    =============  =============

  Noncurrent:
            Available-for-sale:
              Equity securities                                   $3,027,053           $-            $58,235     $2,968,818
                                                                =============  =============    =============  =============






  Investment income consists of the following:
                                                                     Three Months Ended              Nine Months Ended
                                                                          April 30,                       April 30,
                                                                -------------  -------------    -------------  -------------
                                                                   2000           1999             2000           1999
                                                                 ___________    ___________      ___________    ___________
              Interest income                                        $16,737        $20,582          $53,863        $59,656
              Dividend income                                         48,450         50,974          145,513        143,193
              Gain (loss) on sale of securities                          -           (6,160)             -            2,206
                                                                -------------  -------------    -------------  -------------
                 Total                                               $65,187        $65,396         $199,376       $205,055
                                                                =============  =============    =============  =============


                                                                             -7-
</TABLE>
<PAGE>

5. Long-Term Debt:

 <TABLE>

<CAPTION>
                                                                     April 30, 2000                    July 31, 1999
                                                            --------------------------------  --------------------------
                                         Current
                                         Annual    Final            Due             Due               Due         Due
                                        Interest  Payment          Within          After             Within      After
                                          Rate      Date          One Year        One Year          One Year    One Year
                                        -------  --------    --------------  --------------    --------------   --------
<S>                                <C> <C>       <C>         <C>             <C>               <C>            <C>

Mortgages:
  Jamaica, New York property       (a)  8 1/2 %    4/01/07         $266,667      $2,933,333         $266,667   3,133,333
  Jowein building, Brooklyn, N.Y.  (b)      9 %    3/31/05          100,858         506,468          675,050          -
  Fishkill, New York property      (c)  8 1/4 %    7/01/04           87,495       2,186,521           82,263   2,252,812
  Circleville, Ohio property       (d)      7 %    9/30/02          382,539         589,738          363,029     879,130
  Other                                 8 1/2 %    5/01/01           10,338         166,822            9,702     174,658
                                                              --------------  --------------   -------------- -----------
       Total                                                       $847,897      $6,382,882       $1,396,711   6,439,933
                                                              ==============  ==============   ============== ===========
</TABLE>
<PAGE>


(a)  The Company, on September 11, 1996, closed a loan with a bank in the
   amount of $4,000,000.  The loan is secured by a first mortgage lien covering
   the entire leasehold interest of the Company, as tenant, in a certain ground
   lease and building in the Jamaica property.  Although the loan was closed on
   September 11, 1996, the entire $4,000,000 was not drawn down until March 31,
   1997. The interest rate on the loan is 8 1/2% for a period of five (5) years
   and six (6) months, with such rate to change on the first day of the sixty-
   seventh (67th) month of the term to a rate equal to the then prime rate plus
   1/4%, fixed for the balance of the term.  The loan is to become due and
   payable on the first day of the month following the expiration of ten (10)
   years and six (6) months from the closing date.

(b)Mortgage is held by an affiliated corporation owned by members, including
   certain directors of the Company, of the family of the late Joe Weinstein,
   former Chairman of the Board of Directors.  Interest and amortization of
   principal are paid quarterly. Effective April 1, 2000, the maturity date of
   the mortgage which was scheduled to be on March 31, 2000 was extended to
   March 31, 2005.  The interest rate remained at 9%.  During the extended
   period the constant quarterly payments of interest and principal increased
   from $37,263 to $38,044.  The mortgage loan is self-amortizing.

(c)On June 2, 1999, the existing first mortgage loan balance on the Fishkill
   property was extended for a period of five years.  The annual interest rate
   was reduced from 9% to 8 1/4% and the interest and principal payments are to
   be made in constant monthly amounts based upon a fifteen (15) year payout
   period.

(d)The mortgage loan, which is self-amortizing, matures September 30, 2002.
   The loan is payable at an annual interest rate of 7%.  Under the terms of
   the loan, constant monthly payments, including interest and principal, are
   currently in the amount of $36,540.
<PAGE>
6.   Long-Term Debt - Other:

     Long-Term debt - Other consists of the following:


 <TABLE>

<CAPTION>
                                                                    April 30, 2000                    July 31, 1999
                                                            -------------------------------  -------------------------------

                                                                   Due             Due              Due             Due
                                                                 Within           After           Within           After
                                                                One Year        One Year         One Year        One Year
<S>                                                          <C>             <C>              <C>             <C>
                                                             -------------   -------------    -------------   -------------

Deferred compensation    *                                        $104,000         $69,333         $104,000        $147,333
Lease security deposits  **                                            -           355,292            6,165         343,383
                                                              -------------   -------------    -------------   -------------
    Total                                                         $104,000        $424,625         $110,165        $490,716
                                                              =============   =============    =============   =============
</TABLE>
<PAGE>


     * In fiscal 1964 the Company entered into a deferred compensation
       agreement with Max L. Shulman, its then Chairman of the Board.  The
       agreement, as amended, provides for a total of $520,000 to be paid in
       monthly installments of $8,666.67 for a period of 60 months, payable
       upon the expiration of his employment, retirement or permanent
       disability as defined in the agreement, or death.  Mr. Shulman retired
       as an employee on December 31, 1996 and the monthly payments commenced
       January, 1997.

     **Does not include three irrevocable letters of credit totaling $275,000
       at April 30, 2000 and at July 31, 1999, provided by three tenants.


7.   Property and Equipment - at cost:



 <TABLE>

<CAPTION>
                                                                     April 30,         July 31,
                                                                       2000             1999
                                                                ---------------  ---------------
<S>                                                              <C>              <C>
Property:
  Buildings and improvements                                       $37,882,480      $36,775,251
  Improvements  to  leased  property                                 9,158,009        9,143,369
  Land                                                               4,008,835        4,008,835
  Construction in progress                                             902,040          694,042
                                                                  -------------    -------------
                                                                    51,951,364       50,621,497
  Less accumulated depreciation                                     22,744,236       22,035,879
                                                                  -------------    -------------
     Property - net                                                 29,207,128       28,585,618
                                                                  -------------    -------------

Fixtures and equipment and other:
  Fixtures and equipment                                               595,273          567,057
  Other fixed assets                                                   209,223          208,775
                                                                  -------------    -------------
                                                                       804,496          775,832
  Less accumulated depreciation                                        596,301          575,415
                                                                  -------------    -------------
    Fixtures and equipment and other - net                             208,195          200,417
                                                                  -------------    -------------

        Property and equipment - net                               $29,415,323      $28,786,035
                                                                  =============    =============
</TABLE>
<PAGE>
8.  Unbilled Receivables and Rental Income:

     Unbilled receivables represent the excess of scheduled rental income
     recognized on a straight-line basis over rental income as it becomes
     receivable according to the provisions of each lease.

     Rental income includes $103,402 for each of the quarters ended April 30,
     2000 and April 30, 1999, and $310,207 for each of the nine month periods
     ended April 30, 2000 and April 30, 1999, representing rentals from an
     affiliated company.

     Amounts due from the affiliated company are as follows:


 <TABLE>

<CAPTION>
                                                       April 30,      July 31,
                                                         2000           1999
                                                  ------------------------------
<S>                                               <C>            <C>

                                                        $409,359       $545,812
                                                    =============  =============
</TABLE>
<PAGE>

9.   Employees' Retirement Plan:

     The Company sponsors a noncontributory Money Purchase Plan covering
     substantially all of its employees.  Operations were charged $58,476 and
     $178,562 as contributions to the Plan for the three and nine months ended
     April 30, 2000, respectively, and $51,625 and $161,272 as contributions to
     the Plan for the three and nine months ended April 30, 1999, respectively.


10.  Cash Flow Information:

     For purposes of reporting cash flows, the Company considers cash
     equivalents to consist of short-term highly liquid investments with
     maturities of three months or less, which are readily convertible into
     cash.


 <TABLE>

Supplemental disclosure:
<CAPTION>
                                                         Nine Months Ended
                                                             April 30,
                                                  ------------------------------
                                                         2000           1999
                                                      __________     __________
<S>                                               <C>            <C>
Interest paid                                           $474,769       $522,579
Income taxes paid                                        $78,158       $219,033

</TABLE>
<PAGE>

11.  Financial Instruments and Credit Risk Concentrations:

     Financial instruments that are potentially subject to concentrations of
     credit risk consist principally of marketable securities, cash and cash
     equivalents and receivables.  Marketable securities and cash and cash
     equivalents are placed with high credit quality financial institutions and
     instruments to minimize risk.

     The Company derives rental income from thirty-eight tenants, of which one
     tenant accounted for more than 10% of rental income during the nine months
     ended April 30, 2000.  That tenant accounted for 15.89% of rental income.

12.  Contingencies:

     McCrory Stores Corporation ("McCrory"), which occupied space in the
     Company's Jowein building in the Fulton Mall in downtown Brooklyn, New
     York, and whose lease, as amended, extended to April 29, 2010, filed for
     relief under Chapter 11 of the Bankruptcy Code in February 1992.  McCrory
     rejected its lease, as amended, with the Company with the approval of the
     Bankruptcy Court, effective January 31, 1994

     Jamesway Corporation ("Jamesway"), which occupied retail space in the
     Fishkill, New York property and whose lease extended to January 31, 2005,
     filed for relief under Chapter 11 of the Bankruptcy Code on October 18,
     1995.  Jamesway rejected its lease for the Fishkill location with the
     approval of the Bankruptcy Court, effective February 29, 1996, but
     continued occupancy until March 22, 1996.

     The Company has realized from Jamesway $465,811, or 49% on account of its
     unsecured claim, and 100% of its allowed administrative claim of $54,887,
     for a total of $520,698.  The Company has realized from McCrory $36,602,
     or 21.53% on account of its administrative claim of $170,000.  McCrory
     sold substantially all of its assets and the proceeds of sale were
     insufficient to make any distribution to unsecured creditors.

     The Company has made no provision in its financial statements for the
     balance of its claims filed against Jamesway and McCrory due to the fact
     that there are not likely to be any further distributions by either
     company.

     There are various lawsuits and claims pending against the Company.  It is
     the opinion of management that the resolution of these matters will not
     have a material adverse effect on the Company's Consolidated Financial
     Statements.

<PAGE>
                               J. W. MAYS, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS
                            AND FINANCIAL CONDITION


Results of Operations:

Three Months Ended April 30, 2000 Compared to the Three Months Ended April 30,
1999:

In the three months ended April 30, 2000, the Company reported net income of
$293,671, or $.14 per share.  In the comparable three months ended April 30,
1999, the Company reported net income of $326,052, or $.16 per share

Revenues in the current three months increased to $2,715,616 from $2,666,980
in the comparable 1999 three months.

Real estate operating expenses in the current three months increased to
$1,387,532 from $1,336,721 in the comparable 1999 three months primarily due
to an increase in real estate taxes, fuel, electric and water and sewer costs,
partially offset by a decrease in maintenance costs.

Administrative and general expenses in the current three months increased to
$541,803 from $487,629 in the comparable 1999 three months primarily due to an
increase in payroll, pension, medical and insurance costs.

Depreciation and amortization expense in the current three months decreased to
$251,941 from $252,569 in the comparable 1999 three months.

Interest expense in the current three months exceeded investment income by
$85,669 and by $104,009 in the comparable 1999 three months. The decrease was
due to scheduled repayments of debt.


Nine months Ended April 30, 2000 Compared to the Nine months Ended April 30,
1999:

In the nine months ended April 30, 2000, the Company reported net income of
$785,528, or $.37 per share.  In the comparable nine months ended April 30,
1999, the Company reported net income of $824,496, or $.39 per share

Revenues in the current nine months increased to $8,147,692 from  $7,971,401
in the comparable 1999 nine months.

Real estate operating expenses in the current nine months increased to
$4,184,417 from $4,056,902 in the comparable 1999 nine months primarily due to
an increase in real estate taxes, fuel, electric, water and sewer, and
licenses and permit costs, partially offset by an decrease in maintenance
costs.

Administrative and general expenses in the current nine months increased to
$1,704,304 from $1,548,954 in the comparable 1999 nine months primarily due to
an increase in payroll, pension, medical and insurance costs.

Depreciation and amortization expense in the current nine months decreased to
$746,823 from $753,141 in the comparable 1999 nine months.

Interest expense in the current nine months exceeded investment income by
$270,620 and by $312,908 in the comparable 1999 nine months. The decrease was
due to scheduled repayments of debt.


Liquidity and Capital Resources:

The Company has been operating as a real estate enterprise since the
discontinuance of the retail department store segment of its operations on
January 3, 1989.

Management considers current working capital and borrowing capabilities
adequate to cover the Company's planned operating and capital requirements.
The Company's cash and cash equivalents amounted to $1,744,343 at April 30,
2000.

Cash Flows From Operating Activities:

Deferred Expenses:  The Company accrued at April 30, 2000, a brokerage
commission in the amount of $20,991 relating to a tenant which exercised its
option at the Fishkill, New York property.

Cash Flows From Investing Activities:

Capital Expenditures:  The Company had expenditures of approximately $552,755
for the nine months ended April 30, 2000 for renovations at its Jamaica, New
York building.

The Company had expenditures of $462,445 for renovations at its Brooklyn, New
York building for the nine months ended April 30, 2000.  The Company is
building a new lobby at this location to enable the Company to attract
additional tenants to the property.  The cost of the new lobby is estimated to
be approximately $680,000.  Work on the lobby commenced in April 1999 and is
expected to be completed by June 2000.  As of April 30, 2000, the Company has
expended a total of $616,142 for the lobby.

The Company had expenditures of $225,421 for the nine months ended April 30,
2000 for the installation of heating, ventilating and air conditioning
equipment at its Fishkill, New York building, which work was completed in
November 1999.

Cash Flows From Financing Activities:

The Company purchased 47,500 shares of its outstanding common stock in a
private transaction for a total purchase price of $256,500 in the three months
ended April 30, 2000.

Year 2000 Compliance:

No material expenditures were required to resolve the Company's year 2000
issues.  The Company did not experience any operational problems with the
computerized systems nor did the Company experience any problems with any of
its tenants, financial institutions, contractors, utility companies or other
service providers, relating to year 2000 issues.

<PAGE>
Part II - Other Information

  Item 6 - Exhibits and Reports on Form 8-K

   (a)  List of Exhibits:
                                                           Sequentially
   Exhibit                                                   Numbered
    Number                     Exhibit                          Page

      (2) Plan of acquisition, reorganization, arrangement,
           liquidation or succession.                              N/A

      (4) Instruments defining the rights of security holders,
           including indentures.                                   N/A

     (10) Material contracts.                                      N/A

     (11) Statement re computation of per share earnings.          N/A

     (15) Letter re unaudited interim financial information.       N/A

     (18) Letter re change in accounting principles.               N/A

     (19) Report furnished to security holders.                    N/A

     (22) Published report regarding matters submitted to vote
          of security holders.                                     N/A

     (24) Power of attorney.                                       N/A

     (27) Financial data schedule.                                 N/A

     (99) Additional exhibits.                                     N/A


   (b)  Reports on Form 8-K - No report on Form 8-K was required to be filed
        by the Company during the three months ended April 30, 2000.
<PAGE>
                                  SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934, the

registrant has duly caused this report to be signed on its behalf by the

undersigned thereunto duly authorized.




                                                J.W. MAYS, Inc.
                                                 (Registrant)



Date     June 7, 2000                               Lloyd J. Shulman
                                               ---------------------------
                                               Lloyd J. Shulman
                                               Chairman



Date     June 7, 2000                                Alex Slobodin
                                               ----------------------------
                                               Alex Slobodin
                                               Exec. Vice-President
                                               (Principal Financial Officer)

<PAGE>