Janus Living, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, reporting financial results for its first full quarter as a publicly traded company on the New York Stock Exchange.

Key Highlights

  • Total assets of $5.22 billion: The company reported total assets of $5,219,987 thousand as of September 30, 2026, up from $2,342,215 thousand at December 31, 2025.
  • Q3 revenues of $268.3 million: Resident fees and services totaled $268,300 thousand for the three months ended September 30, 2026, compared to $150,458 thousand in the same period of 2025.
  • Net loss of $5.6 million in Q3: The company recorded a net loss of $5,608 thousand for the three months ended September 30, 2026, against net income of $1,412 thousand in Q3 2025.
  • IPO-related stock issuance: During the nine months ended September 30, 2026, 234,372,996 Class A-1 shares and 75,917,780 Class A-2 shares were issued in connection with public offerings, according to the filing.
  • Cash and cash equivalents of $338.1 million: The company held $338,064 thousand in cash and cash equivalents at September 30, 2026, compared to $19,652 thousand at December 31, 2025.
  • Common dividend declared: The filing reports common dividends of $0.2850 per share during the three months ended September 30, 2026, totaling $65,934 thousand.
  • Healthpeak Properties noncontrolling interest: Common units of Janus Living OP, LLC held by Healthpeak Properties, Inc. were valued at $1,009,009 thousand as of September 30, 2026.

Janus Living Reports First Post-IPO Quarter Results and Significant Balance Sheet Expansion

According to the filing, Janus Living, Inc. (NYSE:JAN) substantially expanded its balance sheet following its initial public offering, with net real estate assets growing to $4,097,142 thousand as of September 30, 2026, from $1,653,664 thousand at December 31, 2025. The company disclosed that buildings and improvements totaled $4,030,139 thousand, land and improvements $555,533 thousand, and construction in progress $85,145 thousand at the end of the third quarter. Intangible assets also increased to $419,260 thousand from $26,670 thousand at year-end 2025.

For the nine months ended September 30, 2026, the registrant reported total revenues of $685,101 thousand, all from resident fees and services, compared to $448,240 thousand in the prior-year period. Total costs and expenses for the nine-month period were $723,129 thousand, including $186,553 thousand in depreciation and amortization and $26,188 thousand in transaction costs. The filing also discloses a gain upon change of control, net, of $46,270 thousand and a gain on sales of real estate, net, of $3,884 thousand, both recorded in the nine months ended September 30, 2026. Net income attributable to Janus Living, Inc. for the nine-month period was $37,734 thousand, though net income applicable to common shares was a loss of $2,161 thousand after accounting for pre-IPO net income and participating securities.

The company disclosed that it raised net contributions from its parent of $837,092 thousand and received proceeds from public offerings during the nine months. Total equity stood at $4,125,091 thousand at September 30, 2026, including $3,112,980 thousand in total stockholders' equity and $1,012,111 thousand in total noncontrolling interests. As of October 30, 2026, the registrant reported 234,372,996 shares of Class A-1 common stock and 75,917,780 shares of Class A-2 common stock outstanding. The company identifies itself as an emerging growth company and a non-accelerated filer.

What Was Disclosed

Janus Living filed its quarterly report covering the period ended September 30, 2026, disclosing balance sheet growth following its IPO, Q3 revenues of $268,300 thousand, a net loss of $5,608 thousand for the quarter, and a $0.2850 per share common dividend, alongside share counts and equity structure details.