Feb 27 (Reuters) - Janus Living, a real estate investment trust focused to senior housing, publicly filed paperwork for a U.S. initial public offering on Friday, as corporate issuers line up to tap the March window.
The U.S. IPO market has grappled with heightened volatility in the past few weeks as concerns around AI-related disruptions grew, forcing several companies to downsize or postpone their stock market flotations.
Analysts say AI-resistant themes could drive the IPO market in the near-term,
as weak investor sentiment continues to weigh on software and financial stocks facing uncertainty on how AI could reshape their businesses.
Janus Living parent Healthpeak Properties earlier this year announced it would be carving out its senior housing portfolio into a separate publicly-traded REIT.
Healthpeak said at the time that public markets struggled to fully value its senior housing portfolio as it was relatively small within the broader company.
Denver, Colorado-based Janus Living's portfolio consists of 34 senior housing communities, comprising more than 10,000 units.
The assets are mainly located in major retirement markets across 10 U.S. states, with units in Florida and Texas representing 69% of the total portfolio.
Janus Living's adjusted FFO, a key performance measure for REITs, was $150.8 million in 2025, compared with $137.5 million a year earlier.
BofA Securities and J.P. Morgan are the lead book-running managers for the offering. Janus Living will list on the New York Stock Exchange under the symbol "JAN".
Healthpeak will retain a majority interest in Janus Living after the offering.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar and Devika Syamnath)
