Janus Living, Inc.
For the period ended Nov 2, 2026. Filed Nov 2, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 2, 2026 · Filed Nov 2, 2026
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Contents
EX-99.3 · Continued
Continued
7
Reconciliations
Funds From Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Diluted earnings per common share - full quarter | $(0.02) | $0.01 | $0.14 | $(0.02) |
| Depreciation and amortization | 0.26 | 0.14 | 0.71 | 0.44 |
| Depreciation and amortization on unconsolidated joint ventures | — | 0.02 | 0.00 | 0.07 |
| Loss (gain) on sales of depreciable real estate, net | — | — | (0.01) | — |
| Loss (gain) upon change of control, net(1) | — | — | (0.18) | — |
| Taxes associated with real estate dispositions | — | — | (0.01) | — |
| Diluted Nareit FFO per common share | $0.24 | $0.17 | $0.65 | $0.49 |
| Transaction and restructuring-related costs(3) | 0.01 | — | 0.10 | — |
| Loss (gain) on debt extinguishments | — | — | 0.00 | — |
| Casualty-related charges (recoveries), net(4) | 0.00 | 0.00 | (0.02) | 0.02 |
| Recognition (reversal) of valuation allowance on deferred tax assets(5) | — | — | (0.01) | — |
| Diluted FFO as Adjusted per common share | $0.25 | $0.17 | $0.72 | $0.51 |
(1)The nine months ended September 30, 2026 includes a gain upon change of control related to the acquisition of the joint venture partner’s 46.5% interest in the JV which held 19 senior housing properties.
(2)For the three and nine months ended September 30, 2026, represents the weighted-average shares outstanding from the close date of our initial public offering through September 30, 2026. For the three and nine months ended September 30, 2025, represents the number of shares outstanding as of the closing date of our initial public offering.
(3)The three and nine months ended September 30, 2026 include transaction costs comprised of legal, advisory, and other professional fees, operator transition costs, transfer taxes, formation and organization costs, and other transaction-related costs. The nine months ended September 30, 2026 also includes expenses related to one-time fully vested equity awards associated with our initial public offering.
(4)Casualty-related charges (recoveries), net are recognized in other income (expense), net and equity income (loss) from unconsolidated joint venture in the Combined and Consolidated Statements of Operations.
(5)The nine months ended September 30, 2026 includes the income tax impact related to the change in tax status of certain entities in connection with our initial public offering.
(6)The three and nine months ended September 30, 2026 include the effects of changes in actuarial reserves for insurance claims that have been incurred but not reported. The three and nine months ended September 30, 2025 also include our proportionate share of AFFO capital expenditures from the JV.
8
Reconciliations
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