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Senior housing REIT Janus Living's Q3 revenue jumps 78%, FFO up 46%

By Reuters News


Overview

  • US senior housing REIT's Q3 revenue rose 78% yr/yr to $268 mln

  • FFO as Adjusted per share grew 46% to $0.25 in Q3

  • Company completed $1.75 bln in senior housing acquisitions during Q3


Outlook

  • Janus Living raises full-year 2026 FFO as Adjusted per share guidance to $0.97-$0.99

  • Company now expects 2026 same-store adjusted NOI growth of 16%-19%, up from 13%-17%

  • Full-year 2026 diluted EPS guidance lowered to $0.08-$0.10 due to acquisition-related depreciation


Result Drivers

  • SAME-STORE GROWTH - Same-store revenues rose 9.8% in Q3, driven by higher average occupancy and increased revenue per occupied room

  • ENTRANCE FEE SALES - Record Q3 non-refundable entrance fee sales reached $47 mln


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$268 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the specialized reits peer group is "buy"

  • Wall Street's median 12-month price target for Janus Living Inc is $34.00, about 19.2% above its October 30 closing price of $28.52

  • The stock recently traded at 97 times the next 12-month earnings vs. a P/E of 141 three months ago


Reuters Recommended Reads

  • Nov 2 - Acadia Realty Trust Q3 revenue beats estimates, FFO rises

  • Nov 2 - IDEXX raises forecast, betting diagnostics can offset weak vet visits

  • Nov 2 - Marriott tops Q3 revenue, profit estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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