Janus Living slips after beginning stock offering

Bank of America

04/11/2026 21:24

** Senior housing REIT Janus Living's JAN.N shares down 3.2% to $29.10 post-market as it seeks equity raise
** JAN kicks off 25 mln share offering
** It expects to use net offering proceeds for acquisition and investment opportunities, debt repayment and general corp purposes
** BofA, JP Morgan, Wells Fargo and Goldman Sachs are lead bookrunners
** JAN, externally managed by Healthpeak Properties DOC.N, went public in Mar IPO priced at $20; it has ~234.37 mln shares outstanding
** Stock finished up 1.6% at $30.07 on Weds
** 14 of 16 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $34, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))