JAN · Janus Living, Inc.
Price & Indicators
The closing range uses available history since Mar 20, 2026; less than a full year is stored.
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. Janus Living reported strong Q2 2026 results with 45% revenue growth and 40% FFO/share growth, raised its full-year FFO as Adjusted guidance to $0.95–$0.98 and same-store adjusted NOI growth guidance to 13–17%, and closed $1.8 billion YTD of senior housing acquisitions funded by a $690 million follow-on offering.
- + Q2 revenues grew 45% year-over-year and FFO as Adjusted per share grew 40%
- + Raised 2026 FFO as Adjusted guidance range to $0.95–$0.98 per share, up from $0.93–$0.97
- + Same-store adjusted NOI grew 19.2% with 250 bps margin expansion
- + Completed $690 million follow-on equity offering with $1.2 billion of available liquidity and no outstanding debt
- + Operator base grew from two to ten hand-picked operating partners in four months
- − Earnings drag expected from undeployed cash on balance sheet until capital is fully invested
- − Transition portfolio reflects lease-up headwinds with ~80.5% occupancy and Brookdale disposition had negative NOI yield
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted NOI non-GAAP | $57.67M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP NOI 57.67M
+0K Adjustments to NOI
= Adjusted NOI 57.67M
|
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| AFFO capital expenditures non-GAAP | -$5.28M | Three Months Ended June 30, 2026 filing | — |
| Average occupancy | 88.5% | Three Months Ended June 30, 2026 filing | — |
| Diluted FFO as Adjusted non-GAAP | $63.96M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP FFO as Adjusted 63.96M
+0K Participating securities share in FFO as Adjusted
= Diluted FFO as Adjusted 63.96M
|
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| Diluted Nareit FFO non-GAAP | $65.58M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Nareit FFO 65.58M
-7K Participating securities share in Nareit FFO
= Diluted Nareit FFO 65.58M
|
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| FFO as Adjusted non-GAAP | $63.96M | Three Months Ended June 30, 2026 filing | — |
| Nareit FFO non-GAAP | $65.58M | Three Months Ended June 30, 2026 filing | — |
| NOI non-GAAP | $57.67M | Three Months Ended June 30, 2026 filing | — |
| Non-refundable entrance fee sales in excess of the related GAAP amortization non-GAAP | $12.87M | Three Months Ended June 30, 2026 filing | — |
| Same-Store Adjusted NOI % change non-GAAP | 19.2% | Three Months Ended June 30, 2026 filing | — |
| Same-Store average occupancy | 88.6% | Three Months Ended June 30, 2026 filing | — |
| Same-Store average occupied units | 6,260 | Three Months Ended June 30, 2026 filing | — |
| Same-Store property count | 15 | Three Months Ended June 30, 2026 filing | — |
| Same-Store RevPOR per month | $8,589 | Three Months Ended June 30, 2026 filing | — |
| Total Portfolio average occupancy | 85.5% | Three Months Ended June 30, 2026 filing | — |
| Total Portfolio average occupied units | 9,004 | Three Months Ended June 30, 2026 filing | — |
| Total Portfolio property count | 41 | Three Months Ended June 30, 2026 filing | — |
| Total Portfolio RevPOR per month | $7,484 | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Residential — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
JAN
this stock
Janus Living, Inc.
|
$8.77B | — | +6.2% | — | 2.8% |
|
VMRK
Vivmark Residential
|
$22.53B | -4.7% | +4.8% | 26.0 | 4.8% |
|
ESS
Essex Property Trust, Inc.
|
$17.48B | +3.9% | +6.4% | 42.4 | 3.4% |
|
INVH
Invitation Homes Inc.
|
$15.72B | -6.2% | +4.2% | 24.4 | 2.6% |
|
SUI
Sun Communities Inc
|
$13.83B | -9.7% | +2.0% | 9.9 | 4.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| JAN | -4.3% | -6.6% | +11.7% | -3.0% | — |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | -5.5% | -7.2% | +0.1% | -4.6% | — |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.