Senior housing REIT Janus Living's Q3 revenue jumps 78%, FFO up 46%
JAN•Janus Living's third-quarter revenue rose 78% year over year to $268 million, while adjusted FFO per share grew 46% to $0.25. The company raised its 2026 adjusted FFO and same-store NOI growth guidance and lowered its diluted EPS outlook.
1. Quarterly results
Janus Living reported third-quarter revenue of $268 million, up 78% year over year, and adjusted FFO per share of $0.25, a 46% increase. Same-store revenue rose 9.8%, driven by higher average occupancy and increased revenue per occupied room. The company completed $1.75 billion in senior housing acquisitions and recorded $47 million in non-refundable entrance fee sales, a quarterly record.
2. Updated 2026 outlook
Janus Living raised its full-year 2026 adjusted FFO per-share guidance to $0.97-$0.99 and increased its same-store adjusted NOI growth outlook to 16%-19%, from 13%-17%. It lowered its diluted EPS guidance to $0.08-$0.10, citing acquisition-related depreciation.
