NYSE : JAN
Janus Living, Inc. — Financial statements
Real Estate · REIT - Residential · United States
Last price 28.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.78B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Rental Revenue | 723.01M | 603.99M | 568.48M |
| Total Revenue | 723.01M | 603.99M | 568.48M |
| Property Expenses | 503.94M | 422.99M | 405.97M |
| Selling, General & Administrative | 22.13M | 20.55M | 20.92M |
| Depreciation & Amortization | 170.24M | 126.36M | 137.19M |
| Other Operating Expenses | 15.94M | 15.94M | 15.47M |
| Total Operating Expenses | 712.25M | 585.83M | 579.55M |
| Operating Income | 10.76M | 18.16M | -11.07M |
| Interest Expense | -2.60M | -3.80M | -3.94M |
| Income (Loss) on Equity Investments | 1.72M | 4.07M | 1.89M |
| Other Non-Operating Income | -13.84M | -2.74M | -417.00K |
| EBT Excluding Unusual Items | -3.97M | 15.69M | -13.54M |
| Gain (Loss) on Sale of Assets | 3.88M | -16.41M | |
| Total Insurance Settlements | 8.00M | 2.00M | |
| Other Unusual Items | -34.29M | -32.00M | |
| Pretax Income | 19.90M | 17.69M | -61.95M |
| Income Tax Expense | 6.03M | 11.34M | -11.49M |
| Net Income | 13.19M | 6.35M | -50.46M |
| Net Income to Common | 13.19M | 6.35M | -50.46M |
| Operating Margin | 1.49% | 3.01% | -1.95% |
| Profit Margin | 1.82% | 1.05% | -8.88% |
| EBITDA | 181.00M | 144.52M | 126.11M |
| EBITDA Margin | 25.03% | 23.93% | 22.18% |
| D&A For Ebitda | 170.24M | 126.36M | 137.19M |
| EBIT | 10.76M | 18.16M | -11.07M |
| EBIT Margin | 1.49% | 3.01% | -1.95% |
| Funds From Operations (FFO) | 182.18M | 151.80M | 119.49M |
| Adjusted Funds From Operations (AFFO) | 150.79M | 137.50M | |
| FFO Payout Ratio | 28.62% | 21.67% | 66.66% |
| Effective Tax Rate | 30.30% | 64.11% | |
| Revenue as Reported | 723.01M | 603.99M | 568.48M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Property, Plant & Equipment | 2.59B | 1.65B | 1.60B |
| Cash & Equivalents | 1.56B | 19.65M | 18.78M |
| Accounts Receivable | 95.34M | 92.81M | 80.97M |
| Other Receivables | 1.31M | 12.49M | 19.84M |
| Goodwill | 3.85M | 3.85M | 3.85M |
| Other Intangible Assets | 196.72M | 26.67M | 74.96M |
| Restricted Cash | 88.89M | 64.61M | 60.29M |
| Other Current Assets | 55.97M | 48.69M | 41.42M |
| Deferred Long-Term Tax Assets | 116.47M | 107.07M | 116.00M |
| Other Long-Term Assets | 312.71M | 322.55M | |
| Total Assets | 4.71B | 2.34B | 2.34B |
| Current Portion of Long-Term Debt | 102.69M | ||
| Long-Term Debt | 106.25M | ||
| Accounts Payable | 74.89M | 57.02M | 68.92M |
| Accrued Expenses | 231.26M | 227.19M | 242.52M |
| Long-Term Unearned Revenue | 699.25M | 673.01M | 616.75M |
| Total Liabilities | 1.01B | 1.06B | 1.03B |
| Common Stock | 2.92M | 1.28B | 1.31B |
| Shareholders' Equity | 3.70B | 1.28B | 1.31B |
| Total Liabilities & Equity | 4.71B | 2.34B | 2.34B |
| Total Debt | 102.69M | 106.25M | |
| Net Cash (Debt) | 1.56B | -83.04M | -87.47M |
| Tangible Book Value | 2.54B | 1.25B | 1.23B |
| Land | 379.92M | 176.47M | 174.85M |
| Buildings | 2.69B | 1.94B | 1.82B |
| Construction In Progress | 62.01M | 41.68M | 40.35M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Net Income | 13.19M | 6.35M | -50.46M |
| Depreciation & Amortization | 170.24M | 126.36M | 137.19M |
| Gain (Loss) on Sale of Assets | -3.88M | 16.41M | |
| Income (Loss) on Equity Investments | -1.72M | -4.07M | -1.89M |
| Change in Accounts Receivable | -13.53M | -16.52M | -28.41M |
| Change in Accounts Payable | -27.27M | -38.20M | -17.05M |
| Other Operating Activities | -75.11M | -92.27M | -70.15M |
| Operating Cash Flow | 179.41M | 136.82M | 128.56M |
| Acquisition of Real Estate Assets | -632.67M | -123.92M | -65.06M |
| Sale of Real Estate Assets | 22.65M | 1.00M | 8.92M |
| Net Sale / Acq. of Real Estate Assets | -610.02M | -122.92M | -56.14M |
| Investment in Marketable & Equity Securities | -290.46M | 13.91M | 12.04M |
| Other Investing Activities | 28.58M | 15.22M | |
| Investing Cash Flow | -871.90M | -93.79M | -44.11M |
| Long-Term Debt Repaid | -2.82M | -2.69M | |
| Net Debt Issued (Repaid) | -103.43M | -2.82M | -2.69M |
| Common Dividends Paid | -52.15M | -32.89M | -79.64M |
| Other Financing Activities | -24.40M | -2.11M | |
| Net Cash Flow | 1.56B | 5.20M | 2.12M |
| Levered Free Cash Flow | -31.91M | ||
| Unlevered Free Cash Flow | -29.53M | ||
| Cash Interest Paid | 3.04M | 4.54M | 3.22M |
| Cash Income Tax Paid | 2.81M | 1.17M | 3.05M |
| Change in Working Capital | 117.63M | 100.45M | 97.47M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Market Capitalization | 8.78B | ||
| Enterprise Value | 7.22B | ||
| Debt / Equity Ratio | 0.08 | 0.08 | |
| Debt / EBITDA Ratio | 0.71 | 0.84 | |
| Net Debt / Equity Ratio | -0.42 | 0.07 | 0.07 |
| Net Debt / EBITDA Ratio | -8.61 | 0.57 | 0.69 |
| Asset Turnover | 0.26 | ||
| Quick Ratio | 5.40 | 0.32 | 0.38 |
| Current Ratio | 5.88 | 0.62 | 0.71 |
| Return on Equity (ROE) | 0.49% | ||
| Return on Assets (ROA) | 0.48% | ||
| Return on Invested Capital (ROIC) | 0.22% | 0.47% | -0.78% |
| Payout Ratio | 728.38% | 518.07% |