Key Highlights

  • Janus Living leads on growth: $268.3 million of consolidated sales, up 78.3%, plus $0.25 of FFO as adjusted per share.
  • Alexander's brought in $72.1 million of rental income, a 34.9% (calculated) increase, and booked $27.4 million of net income.
  • Sabra Health Care REIT's total revenues were $249.6 million (up 31.3%, calculated), and its AFFO reached $0.45 a diluted share.
  • Healthpeak Properties booked $820.9 million in Revenue (up 16.3%, calculated) and moved its FFO as Adjusted forecast into a $1.76 through $1.78 band.
  • UMH Properties reported $74.1 million of total income, up 10.8% (calculated), yet ended with a $2.1 million shortfall for common holders.

Five REITs Ordered by Third Quarter Revenue Momentum

These five real estate Investment trusts are listed by year-over-year revenue growth, sourced from filings and releases that carry the date Nov 2, 2026. Janus Living (NYSE:JAN) sits first with $268.3 million of consolidated revenue, a 78.3% increase. Alexander's (NYSE:ALX) comes next with rental revenue of $72.1 million, up 34.9% (calculated). Trailing it is Sabra Health Care REIT (NASDAQ:SBRA) at $249.6 million, a 31.3% (calculated) climb.

Healthpeak Properties (NYSE:DOC) ranks fourth with $820.9 million in revenue, up 16.3% (calculated), while UMH Properties (NYSE:UMH) closes the list with $74.1 million of total income, a 10.8% (calculated) gain. The measures differ: Alexander's counts rental revenue and UMH counts total income, whereas the other names report total or consolidated revenue.

The smallest base in the set belongs to Alexander's at roughly $72 million, while Healthpeak's Top Line is near $821 million. Three firms were profitable on a net basis; Janus Living and UMH recorded losses, so revenue gains did not carry through evenly to the bottom line.

1. Janus Living: Acquisition Activity Behind a 78.3% Top-Line Surge

Janus Living, a senior housing REIT, generated $268.3 million of consolidated revenue, while adjusted EBITDAre hit $105 million, a 101% increase. FFO as adjusted climbed 46% to $0.25 a share. Even so, the company recorded a $5.6 million net deficit, which is $0.02 a share, as Depreciation and amortization climbed to $78.7 million, compared with $30.9 million before the acquisition wave.

Some 33 communities were bought for roughly $1.75 billion within the period, helped by roughly $513 million raised in an August share sale. Same-store adjusted NOI grew 25.9%. The annual FFO as adjusted outlook was raised to $0.97 through $0.99 a share, while the diluted EPS outlook came down into a $0.08 through $0.10 band, versus an earlier $0.34 through $0.37. Management linked that to depreciation on acquired communities.

2. Alexander's: Straight-Line Rent Adjustment From a Terminated Rego Park Lease

Alexander's, which owns four New York City properties, booked Net Income of $27.4 million, which works out to $5.33 a diluted share, compared with $6.0 million previously. Rental income advanced to $72.1 million, up from $53.4 million; the filing ties $18.8 million of that gain to a larger straight-line rent figure, the result of a department-store tenant revising its Rego Park Lease and later exiting it in August 2026.

Net Operating Income moved up to $46.2 million, compared with $26.7 million before, a gain of roughly 72.7% (calculated). Interest and Debt expense declined to $10.9 million following December 2025 Loan restructurings. The company distributed $4.50 a share during the quarter, and that same tenant accounted for roughly 55% of rent over nine months, a concentration the filing highlights.

3. Sabra Health Care REIT: Senior Housing Additions Account for Part of a 31.3% Advance

Sabra's total revenues landed at $249.6 million, compared with $190.0 million the year before. Resident fee and service income grew 56%, arriving at $143.2 million; roughly $37.0 million of that gain traces to 23 senior housing properties bought after Jul 1, 2025. Income from rent and related sources rose to $103.2 million, helped by a $10.2 million catch-up payment of deferred rent from an operator.

Income for common holders reached $28.6 million, equal to $0.11 a diluted share, and AFFO came to $0.45 a diluted share, against $0.37 earlier. Over the nine-month span, Earnings fell to $44.3 million, down from $128.4 million, as a $104.6 million loan-loss provision was recorded. Liquidity stood near $1.2 billion; a $0.30 payout falls due Nov 30, 2026.

4. Healthpeak Properties: Raised FFO Outlook Sits Beside a Cut to Earnings Guidance

Healthpeak's top line reached $820.9 million, compared with $705.9 million before, and earnings for common shares came to $17.1 million ($0.02 a diluted share). A year earlier, the company lost $117.3 million, a figure that absorbed a $175.8 million Impairment on real estate. FFO as Adjusted came in at $0.44 a share, down from $0.46 twelve months earlier.

On a same-store basis, adjusted NOI for the whole portfolio grew 3.6%; senior housing contributed the strongest gain at 25.9%, and lab slipped 0.7%. The 2026 FFO as Adjusted forecast moved up to $1.76 through $1.78 a share, but the diluted EPS range was reduced to $0.39 through $0.41, from $0.48 through $0.52, due to depreciation tied to recent senior housing buys. Leverage, measured as net debt to adjusted EBITDAre, stood at 4.7 times.

5. UMH Properties: Higher Income Yet a $2.1 Million Shortfall for Common Holders

UMH Properties, which runs manufactured home communities, brought in $74.1 million of total income, compared with $66.9 million previously. Community NOI climbed 10%, reaching $36.2 million. The Bottom Line before preferred payouts was $3.1 million of net income, but after $5.3 million in preferred distributions, the common-holder result was a $2.1 million loss, or $0.02 a share.

Higher borrowing costs and depreciation, plus a $3.6 million markdown on marketable securities measured at fair value, drove the shortfall. Normalized FFO for common holders moved up from $21.3 million to $22.1 million, while same-property occupancy hit 88.8%. Sales of manufactured homes grew 29%, reaching $11.8 million.

Averages, Spread and Dollar Gains Among the Five

Averaging the five growth figures yields 34.3% (calculated), and the distance from Janus Living to UMH spans 67.5 percentage points (calculated). Summed revenue measures reach $1,485.0 million (calculated); Healthpeak represents 55.3% of that (calculated).

Measured in dollars, Healthpeak's increase equals $115.0 million (calculated), Sabra's $59.6 million (calculated) and UMH's $7.2 million (calculated). Janus Living's rise rests on acquisitions, while Alexander's leans on income linked to a lease termination. Revenue definitions vary among these names, which makes the comparison directional only.

What to Watch Next: Payout Calendars, Janus Living's Pending Buys and Sabra's Credit Line Deadline

Janus Living's monthly $0.0475 payouts come due Nov 23, then Dec 29, 2026; a call was booked for Nov 3, 2026, and $82 million of acquisitions remain to be closed. Healthpeak's monthly payments arrive Nov 25, then Dec 30, 2026, and a Nov 3 call was also scheduled for it.

Sabra's $0.30 payout is due Nov 30, 2026, and its revolver comes due Jan 4, 2027. UMH's $0.225 distribution arrives Dec 15, 2026. Alexander's next report will span results through Dec 31, 2026, while a larger ground rent at its Flushing site starts in February 2027.