Mays, Inc. MAYS Real Estate Accumulated Depreciation
Real Estate Accumulated Depreciation at other companies
Other financials
Where this comes from
Reported directly by Mays, Inc. in its filing.
Tagged under the XBRL concept us-gaap:RealEstateAccumulatedDepreciation.
The official record: Mays, Inc.’s 10-K, filed October 24, 2024, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Mays, Inc.'s real estate accumulated depreciation?
- Mays, Inc. (MAYS) reported real estate accumulated depreciation of $39.57M in Q2 2024.
- What is the long-term trend for Mays, Inc.'s real estate accumulated depreciation?
- Over 2 years (2022 to 2024), Mays, Inc.'s real estate accumulated depreciation has grown at a 4.5% compound annual growth rate (CAGR), from $36.24M to $39.57M.
- What does real estate accumulated depreciation mean?
- This metric represents the cumulative total of depreciation expenses recorded against the company's real estate assets since their acquisition. It reflects the systematic allocation of the cost of tangible property over its estimated useful life, serving as a contra-asset account that reduces the book value of real estate holdings. Investors use this figure to assess the age and remaining depreciable life of the property portfolio, which provides insight into potential future capital expenditure requirements.