Healthpeak Monetizes Senior Housing Assets Through Janus Living IPO
Healthpeak Properties DOC recently announced the formation of Janus Living, Inc., a senior housing real estate investment trust (REIT), and its subsequent planned initial public offering (IPO). The healthcare REIT intends to act as an external manager to this newly formed REIT through the transfer of a 34-community, 10,422-unit senior housing portfolio.DOC admitted submission of a draft registration statement to the United States Securities and Exchange Commission (“SEC”) in December 2025 concerning the proposed Janus Living IPO. The company expects it to be completed by the first half of 2026, subject to conditions. The IPO proceeds will be used by Healthpeak for pending acquisitions, repaying debt and for general corporate purposes.Healthpeak will be entitled to the major ownership of Janus Living and an annual management fee of $10 million for providing experienced leadership and institutional-grade capabilities across the board. The company also aims to helm the strategic growth of Janus Living through acquisitions and other value-creation activities.Janus Living is to be governed by a five-member board of directors, with two members appointed by Healthpeak and three additional independent directors. Healthpeak contends to position Janus Living with an expected opening Net Debt to Adjusted EBITDA ratio of less than 1 times.The above move by Healthpeak will enable it to pursue its growth opportunities effectively. The company has an outstanding $675 million of investments under signed letters of intent or purchase agreements.Final Take on Healthpeak’s Janus Living Formation & IPOThe formation of Janus Living marks a strategic move by Healthpeak to unlock embedded value in its senior housing platform while enhancing capital efficiency and balance sheet flexibility.By retaining majority ownership and management control, Healthpeak stands to benefit from recurring fee income, disciplined leverage and value creation through acquisitions while deploying IPO proceeds to strengthen its core portfolio and financial position.Over the past month, shares of this Zacks Rank #3 (Hold) office REIT have gained 2.7% against the industry’s fall of 0.9%.Analysts, too, seem bullish on this stock, with the Zacks Consensus Estimate for 2025 FFO per share having been revised northward marginally to $1.83 over the past month.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader REIT sector are Prologis Inc. PLD and Host Hotels & Resorts HST, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for PLD’s 2025 and 2026 FFO per share is pinned at $5.80 and $6.08, respectively. This calls for year-over-year growth of 4.3% for 2025 and 4.7% for 2026.The Zacks Consensus Estimate for HST’s 2025 and 2026 FFO per share is pegged at $2.05 and $2.04, respectively. This implies year-over-year growth of 4.1% for 2025 and a marginal fall for 2026.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report Prologis, Inc. (PLD): Free Stock Analysis Report Healthpeak Properties, Inc. (DOC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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