What Janus Living (JAN) Said on Its Q3 Earnings Call

Janus Living (NYSE:JAN) priced a 26.25M share offering at $28.50 per share, with an option for underwriters to buy 3.94M more. Proceeds will fund acquisitions, repay debt, and support general corporate purposes. The offering is expected to close Friday, with multiple banks acting as underwriters.

Janus Living priced 26.25M Class A-1 shares at $28.50 each, with an option for 3.94M more. Closing is expected November 6, 2026, subject to conditions. No prior-period comparison was provided.

Janus Living (JAN) has more than doubled its senior housing portfolio in the past year, acquiring 74 properties. The company closed $2.9B in acquisitions in 2026, with an average cost of $350K per unit. Janus reported a net loss of 2 cents per share but saw a 46% increase in funds from operations to 25 cents per share. The company plans further acquisitions, with $82M in deals expected to close by year-end. JAN stock is up 4% to $29.60.

Janus Living (JAN) reported Q3 2026 revenues up 78% YoY, adjusted EBITDA up 101%, and FFO per share up 46%. Cash NOI grew 75% since 2019. Entry fees hit record highs, with $47M in Q3. Occupancy was 86.5%, with same-store NOI up 25.9%. The company completed $2.9B in acquisitions YTD, with guidance raised for FFO and NOI growth.

Janus Living, Inc. (JAN) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Janus Living Reports Third Quarter 2026 Results and Increases Full Year 2026 Guidance DENVER, November 2, 2026 - Janus Living, Inc. (NYSE : JAN) (“Janus Living”), a pure-play senior housing real estate investment trust (REIT), announced results fo r the quarter ended

Janus Living (JAN) reported Q3 2026 revenue of $268M, up 78% YoY, and Adjusted EBITDAre of $105M, up 101% YoY. The company closed $1.75B in senior housing deals, acquired life science buildings, and has $1.2B in liquidity. Net Debt to Adjusted EBITDAre was 4.7x. Guidance updated with a 50 bps increase in Same-Store Cash NOI midpoint.