Item 2. Properties

Warehouse Properties

At August 31, 2025, we operated 914 membership warehouses:

(1)141 of the 189 leases are land-only leases, where Costco owns the building.

At the end of 2025, our warehouses contained approximately 134.7 million square feet of operating floor space: 93.6 million in the U.S.; 15.9 million in Canada; and 25.2 million in Other International. Total square feet associated with distribution and logistics facilities were approximately 32.2 million. Additionally, we operate various processing, packaging, manufacturing and other facilities to support our business, which includes the production of certain private-label items.