Janus Living, Inc. (NYSE:JAN) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. Cramer showed a bullish sentiment toward the stock, as he commented:
So two weeks ago, we got this nice little IPO that’s done surprisingly well in the face of a choppy market. I’m talking about Janus Living. It’s a real estate investment trust that owns senior housing properties, which came public after being spun off by Healthpeak Properties. That’s a broader healthcare REIT… On its first day of trading, March 20th, the stock opened up 18%. Since then, it’s basically been trading sideways, which I consider a win, given how volatile the averages have been, right, since then. But maybe that shouldn’t come as a surprise.
Even though the IPO market’s been disappointing so far this year, the senior living plays have long been winners in our market… How about the valuation? Okay, there’s no analyst coverage of Janus yet, so we don’t have any 2026 estimates for the company. But looking at last year’s numbers, Janus had adjusted funds from operations, the real estate and trust equivalent of earnings, of about $170 million, and with a market capitalization of $6.3 billion, it’s trading at roughly 37 times last year’s numbers…
Photo by Adam Nowakowski on Unsplash
How about the dividend? It looks like Janus will be paying 57 cents a share. That works out to be nearly 2.5% yield, on par with Ventas and roughly a hundred basis points above Welltower… But the bottom line: Deb, hold your ears, Janus Living does look pretty darn good, too. It’s much smaller than the others, so it has the potential for much faster growth, too. I also like that it’s a real pure play on senior housing… Since this is a newer story, Janus is technically riskier. It’s more of a leap of faith at this point, but it’s a leap of faith that I’d be very comfortable making.
Janus Living, Inc. (NYSE:JAN) is a real estate investment trust focused exclusively on owning and operating senior housing communities.
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