REITWAVE.COM Institutional Equity Tear Sheet Generator
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REITWAVE.COM | INSTITUTIONAL REAL ESTATE RESEARCH
AS OF: OCTOBER 24, 2026  |  10Y TREASURY: 4.99%  |  SIC 6798

Janus Living, Inc. ($JAN)

Sector: Residential Multifamily  •  Exchange / CIK: NYSE / 0002100805  •  Properties: 150 Assets
Trading at a 8.3% discount to NAV
Safety Score: 88/100 (Safe)  |  Credit: BBB

Live Share Price

$28.31
52W Range: $22.76 - $32.83

Valuation Multiples

18.5x P/AFFO
P/FFO: 17.2x  |  FFO/sh: $1.65

Net Asset Value (NAV)

$30.86
Prem/Disc: -8.3%  |  Cap: 6.54%

Dividend Cash Flow

3.85% Yield
$1.09/yr (Quarterly)  |  Payout: 71.2%
Balance Sheet & Debt Maturity Sentry
Net Debt to EBITDAre stands at 4.8x. Portfolio leased occupancy is 96.2% with a weighted average lease term (WALT) of 6.5 years. Senior credit rating of BBB provides institutional capital markets access for debt refinancing.
Recent Dividend Payment History (Last 6 Declarations)
Ex-Dividend Date Record / Pay Date Cash Distribution Status / Corporate Action
2026-09-30 2026-10-15 $0.2725 Regular Distribution
Representative Commercial Asset Concentrations (From SEC Form 10-K Item 2)
Commercial Asset / Property Name Location Rentable Sq Ft Occupancy Implied Asset Valuation
Janus Living, Inc. Flagship Commercial Portfolio United States Nationwide 18,750,000 sq ft (implied) 96.2% $4,629,000,000
Quantitative Risk & Benchmark Performance (QuantStats • VNQ)
Empirical 252-day trading window compared to Vanguard Real Estate ETF (VNQ) benchmark
METHODOLOGY: QUANTSTATS / CAPM
Beta vs VNQ
0.79
Defensive (Low Sensitivity)
Annualized Alpha (α)
+26.37%
Outperforming VNQ
Sharpe Ratio (vs VNQ)
1.14 vs 0.6
+0.54 Spread
Max Drawdown (1-Yr)
-12.2% vs -11.4%
-0.8% vs VNQ
JAN vs VNQ QuantStats Performance & Underwater Drawdown
Quantitative Risk & Return Metric JAN VNQ (Benchmark) Institutional Delta / Spread
Beta (β) vs VNQ
Covariance sensitivity to US REIT market
 0.79 1.00 -0.21 (Defensive (Low Sensitivity))
Annualized Alpha (α)
Excess CAPM risk-adjusted performance
 +26.37% 0.00% (Baseline) Outperforming VNQ
Sharpe Ratio (Rf = 4.5%)
Annualized excess return per unit of volatility
 1.14 0.6 +0.54
Sortino Ratio
Downside semi-variance risk-adjusted return
 1.21 0.65 +0.56
Annualized Volatility (σ)
Standard deviation of daily price returns × √252
 28.3% 14.2% +14.1% (Higher Volatility)
Maximum Drawdown (1-Year)
Peak-to-trough capital decline over trailing 12M
 -12.2% -11.4% -0.8% vs VNQ
1-Year Trailing Return (CAGR)
Compounded annual growth rate
 38.7% 12.8% +25.9% Spread
R-Squared (R²) & Correlation
Statistical correlation coefficient against VNQ
 R² 0.16 Corr: 0.4 16% variance explained by VNQ
Trading Session Win Rate
Percentage of positive daily closing sessions
 52.7% 49.3% +3.4% vs Benchmark
QuantStats Analytical Synthesis: JAN displays a Beta of 0.79 relative to VNQ with 0.16 R² correlation. Annualized volatility is 28.3% (14.1% higher than VNQ at 14.2%). Trailing 12-month Alpha stands at +26.37% (Outperforming VNQ) with a Sharpe ratio of 1.14 against 0.60 for VNQ, and a maximum drawdown of -12.2%.
SEC CIK: 0002100805  |  Principal Executive Officer: Executive Leadership / Janus Corp  |  Total PEO Compensation: Reported in DEF 14A (N/A)
Official SEC Accession: 0002100805-26-000001
CONFIDENTIAL INSTITUTIONAL TEAR SHEET • REITWAVE.COM (v1.0.0) • Data Sources: SEC EDGAR Form 10-K / DEF 14A, PR Newswire, Bloomberg/CBRE Comps. For institutional and accredited investor due diligence. Not a solicitation or investment recommendation.