JAN boosts full-year outlook after reporting 45% revenue growth and 40% adjusted FFO per share increase in Q2.
Janus Living reported a 45% year-over-year increase in second-quarter revenue, driven by organic growth and $800 million in first-half acquisitions. Adjusted EBITDA rose 34%, while adjusted FFO per share climbed 40% to support the strong performance.
Same-store net operating income grew 19.2%, with occupancy and margins improving. The company completed $1.8 billion in acquisitions year-to-date and expanded its operating-partner network from two to 10.
Janus raised its 2026 adjusted FFO guidance to $0.95–$0.98 per share and same-store adjusted NOI growth guidance to 13%–17%. As of August 3, the company held $558 million in cash and $1.2 billion in available liquidity.