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Stock impact report

Jim Cramer on Janus Living: “It's a Leap of Faith That I'd Be Very Comfortable Making” [Yahoo! Finance]

Healthpeak Properties, Inc. (DOC) 
NASDAQ:AMEX Investor Relations: snl.com/irw/corporateprofile/4391353
Company Research Source: Yahoo! Finance
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 Show less Read more
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