Janus Living, Inc. Q2 FY26 Results

Summary

Janus Living, Inc. announced strong financial results for the second quarter of 2026, with consolidated revenues reaching $216 million, a 45% increase year-over-year, and Adjusted EBITDAre growing 34% to $79 million. FFO as Adjusted per share saw a significant 40% increase to $0.24, driven by a 19.2% rise in same-store adjusted NOI and a 250 basis point margin expansion. The company also highlighted substantial growth in its acquisition pipeline, completing approximately $1.0 billion in senior housing acquisitions post-quarter end and increasing its full-year 2026 guidance for Same-Store Adjusted NOI Growth to 13%-17%.

Key Highlights

1. 1

   Janus Living reported consolidated revenues of $216 million for the second quarter of 2026, representing a 45% increase compared to the same period in the prior year.

2. 2

   Adjusted EBITDAre for the second quarter of 2026 increased by 34% to $79 million.

3. 3

   FFO as Adjusted per share grew by 40% to $0.24 in the second quarter of 2026.

4. 4

   Same-store adjusted NOI increased by 19.2% and its margin expanded by 250 basis points in Q2 2026.

5. 5

   The company completed approximately $1.0 billion of senior housing acquisitions subsequent to quarter end through August 3, 2026.

6. 6

   Janus Living completed a public offering in June 2026, generating approximately $690 million in net proceeds to fund acquisitions and for general corporate purposes.

7. 7

   Full Year 2026 guidance for Same-Store Adjusted NOI Growth was increased to a range of 13% to 17%.