Item 2. PROPERTIES

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Item 2. PROPERTIES

Restaurant Properties – Continuing Operations

As of May 31, 2026, we owned and operated 2,202 restaurants. Our company-owned restaurants are located in all 50 of the United States and Washington D.C. Of the company-owned restaurants, 98 were located on owned sites and 2,104 were located on leased sites. The leases are classified as follows:


Land-Only Leases (we own buildings and equipment)			1,150
Ground and Building Leases			655
Space/In-Line/Other Leases			299
Total			2,104

We also lease our RSC, which is located in Orlando, Florida.

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