Janus Living
Owns private-pay senior housing communities operated through RIDEA structures.
Something off on this page? Send us feedback.
Profile
Owns life plan and independent living-focused senior housing communities, earning resident fees, service revenue, and entrance fees through RIDEA structures. Every property is run by third-party operators, while Healthpeak Investment Management provides the executive team and corporate infrastructure.
Owns senior housing communities across the United States, spanning life plan communities, independent living-focused properties, and campuses with assisted living, memory care, and skilled nursing. Revenue comes from resident fees and services; life plan communities also collect entrance fees.
Operates every property through RIDEA structures, giving the REIT direct exposure to results while third-party managers run each community. Resident payments are primarily private-pay rather than government reimbursement. Healthpeak's platform supports acquisition sourcing and operator oversight.
Relies on Healthpeak Investment Management for external management, executives, and corporate infrastructure. Results depend on occupancy, pricing, staffing, and third-party operator performance; life plan communities also carry entrance-fee refund obligations. Neither the REIT nor its manager has employees.
Company facts
Categories
Key statistics
Year to date +29.2% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 18, 2026 | Morgan Stanley | Reiterate | Overweight | $28 | $31 |
| Aug 6, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $34 | |
| Jul 15, 2026 | Wells Fargo | Reiterate | Overweight | $27 | $33 |
| Jul 7, 2026 | Barclays | Reiterate | Overweight | $30 | $33 |
| Jun 18, 2026 | UBS | Target | $29 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.03 | $0.05 | +84.9% | $215.2M | $216.5M | +0.6% | +1.94% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $200.3M | $216.5M | |
| Gross profit | — | — | — | — | −$47.0M | $53.4M | |
| Operating income | — | — | — | — | $1.1M | −$7.2M | |
| Net income | — | — | — | — | $31.3M | $10.7M | |
| Diluted EPS | — | — | — | — | −$0.05 | $0.05 | |
| Gross margin | — | — | — | — | -23.5% | 24.7% | |
| Operating margin | — | — | — | — | 0.5% | -3.3% |
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.56B · Total debt $0 · Total assets $4.71B · Shareholders' equity $2.74B
Dividends
Last cut to $0.048 from $0.16 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 26 | $0.048 | |
| Jul 17, 2026 | Jul 17 | Jul 29 | $0.048 | cut from $0.16 |
| Jun 12, 2026 | Jun 12 | Jun 24 | $0.16 |
Ownership
Shares outstanding 212.22M · Float 54.08M · 25.5% free float
Insiders — filings are in another share unit.
The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Healthpeak Properties, Inc. | 214.73M | 81.60% | 13G | May 14, 2026 |
| Massachusetts Financial Services Co /MA/ | 4.37M | 2.06% | 13F | May 14, 2026 |
| Prudential Financial Inc | 3.32M | 1.56% | 13F | May 13, 2026 |
| Long Pond Capital, LP | 3.29M | 1.55% | 13F | May 14, 2026 |
| BlackRock, Inc. | 2.98M | 1.41% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 23, 2026 | Jeffrey H. Miller | officer: CHIEF OPERATING OFFICER | +7,500 | $20.00 |
| Mar 23, 2026 | Scott M. Brinker | director, officer: PRESIDENT & CEO | +100,000 | $20.00 |
| Mar 23, 2026 | John V. Arabia | director | +60,000 | $20.00 |
| Mar 23, 2026 | Charles J. Jr Herman | director | +5,500 | $20.00 |
| Mar 23, 2026 | Denise Olsen | director | +500 | $20.00 |
Peers
- Welltower
Dominant SHOP and RIDEA senior housing platform
- Ventas
Large SHOP owner pursuing senior housing investments
- American Healthcare REIT
SHOP and senior health campus operator overlap
- National Health Investors
Smaller REIT scaling a RIDEA-compliant SHOP arm
- Sabra Health Care REIT
Managed senior housing and leased community peer
- LTC Properties
Seniors housing REIT pivoting into SHOP
- Diversified Healthcare Trust
Large SHOP portfolio under operator transition
- CareTrust REIT
Emerging SHOP entrant with senior living assets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Janus Living | $30.40 | −0.30% | $6.47B | 141.4 | 180.0 | 15.5 | — |
| Welltower | $238.07 | +0.02% | $171.48B | 126.0 | 87.0 | 13.6 | +40.9% |
| Ventas | $91.58 | −0.25% | $44.63B | 170.0 | 130.6 | 6.9 | +21.7% |
| American Healthcare REIT | $55.53 | −0.04% | $11.48B | 81.6 | 79.5 | 4.6 | +23.7% |
| National Health Investors | $72.03 | 0.00% | $3.49B | 20.8 | 18.6 | 8.1 | −21.9% |
| Sabra Health Care REIT | $20.45 | −0.80% | $5.20B | 78.5 | 28.1 | 6.0 | +24.7% |
| LTC Properties | $40.89 | +0.64% | $2.08B | 14.6 | 19.7 | 6.0 | −56.2% |
| Diversified Healthcare Trust | $7.65 | +0.20% | $1.85B | — | — | 1.2 | −4.5% |
| CareTrust REIT | $39.03 | 0.00% | $9.22B | 24.2 | 25.2 | 17.0 | +5.1% |
| Median | 78.5 | 28.1 | 6.5 | +13.4% |