v3.26.1
COMBINED AND CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate:    
Buildings and improvements $ 2,638,325 $ 1,940,808
Construction in progress 45,607 41,678
Land and improvements 370,231 176,475
Accumulated depreciation (532,738) (505,297)
Net real estate 2,521,425 1,653,664
Investment in unconsolidated joint venture 0 312,709
Accounts receivable, net of allowance of $3,480 and $2,018 24,407 19,431
Cash and cash equivalents 948,822 19,652
Restricted cash 88,971 64,609
Intangible assets 191,659 26,670
Deferred tax assets 114,556 107,074
Goodwill 3,849 3,849
Other assets 130,056 134,557
Total assets 4,023,745 2,342,215
LIABILITIES AND EQUITY    
Mortgage debt 0 102,688
Accounts payable, accrued liabilities, and other liabilities 297,802 284,210
Deferred revenue 680,055 673,007
Total liabilities 977,857 1,059,905
Commitments and contingencies (Note 10)
Parent's net investment 0 1,282,310
Additional paid-in capital 2,170,729 0
Cumulative dividends in excess of earnings (8,556) 0
Total stockholders' equity 2,164,804 1,282,310
Common units of Janus OP, LLC, held by Healthpeak Properties, Inc. 878,329 0
Other noncontrolling interests 2,755 0
Total noncontrolling interests 881,084 0
Total equity 3,045,888 1,282,310
Total liabilities and equity 4,023,745 2,342,215
Class A-1 Shares    
LIABILITIES AND EQUITY    
Common stock, value 1,872
Class A-2 Shares    
LIABILITIES AND EQUITY    
Common stock, value $ 759 $ 0