v3.26.1
COMBINED AND CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate:    
Buildings and improvements $ 2,688,705 $ 1,940,808
Construction in progress 62,012 41,678
Land and improvements 379,920 176,475
Accumulated depreciation (536,625) (505,297)
Net real estate 2,594,012 1,653,664
Investment in unconsolidated joint venture 0 312,709
Accounts receivable, net of allowance of $3,523 and $2,018 24,076 19,431
Cash and cash equivalents 1,557,655 19,652
Restricted cash 88,887 64,609
Intangible assets 196,721 26,670
Deferred tax assets 116,472 107,074
Goodwill 3,849 3,849
Other assets 128,538 134,557
Total assets 4,710,210 2,342,215
LIABILITIES AND EQUITY    
Mortgage debt 0 102,688
Accounts payable, accrued liabilities, and other liabilities 306,146 284,210
Deferred revenue 699,245 673,007
Total liabilities 1,005,391 1,059,905
Commitments and contingencies (Note 10)
Parent's net investment 0 1,282,310
Additional paid-in capital 2,767,474 0
Cumulative dividends in excess of earnings (31,774) 0
Total stockholders' equity 2,738,619 1,282,310
Common units of Janus OP, LLC, held by Healthpeak Properties, Inc. 963,255 0
Other noncontrolling interests 2,945 0
Total noncontrolling interests 966,200 0
Total equity 3,704,819 1,282,310
Total liabilities and equity 4,710,210 2,342,215
Class A-1 Shares    
LIABILITIES AND EQUITY    
Common stock, value 2,160 0
Class A-2 Shares    
LIABILITIES AND EQUITY    
Common stock, value $ 759 $ 0