v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real estate:    
Buildings and improvements $ 18,744,157 $ 16,593,535
Development costs and construction in progress 1,026,355 1,010,657
Land and improvements 3,426,289 3,007,346
Accumulated depreciation (4,708,201) (4,512,443)
Net real estate 18,488,600 16,099,095
Loans receivable, net of reserves of $8,036 and $11,345 284,203 606,020
Investments in unconsolidated joint ventures 466,114 802,601
Accounts receivable, net of allowance of $3,994 and $2,018 75,944 78,327
Cash and cash equivalents 514,310 467,457
Restricted cash 91,512 70,245
Intangible assets 917,700 654,516
Assets held for sale 48,042 80,621
Right-of-use asset 393,382 412,198
Deferred tax assets 121,663 111,248
Goodwill 68,529 68,529
Other assets 941,976 885,161
Total assets 22,411,975 20,336,018
LIABILITIES AND EQUITY    
Bank line of credit and commercial paper 1,489,500 1,078,850
Term loans 1,646,725 1,647,113
Senior unsecured notes 6,142,101 6,772,722
Mortgage debt 104,019 349,209
Intangible liabilities 146,688 173,697
Liabilities related to assets held for sale 1,035 11,900
Lease liability 288,386 296,260
Accounts payable, accrued liabilities, and other liabilities 749,010 718,509
Deferred revenue 1,039,166 985,307
Total liabilities 11,606,630 12,033,567
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests 27,431 159,581
Common stock, $1.00 par value: 1,500,000,000 shares authorized; 689,535,670 and 695,036,731 shares issued and outstanding 689,536 695,037
Additional paid-in capital 13,470,684 12,767,914
Cumulative dividends in excess of earnings (6,322,342) (5,952,920)
Accumulated other comprehensive income (loss) 28,058 (9,937)
Total stockholders’ equity 7,865,936 7,500,094
Public investors of Janus Living, Inc. 1,270,543 0
Joint venture partners 1,283,529 295,455
Non-managing member unitholders 357,906 347,321
Total noncontrolling interests 2,911,978 642,776
Total equity 10,777,914 8,142,870
Total liabilities and equity $ 22,411,975 $ 20,336,018