Dine Brands Global, Inc.
For the period ended Dec 28, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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Item 2. —Properties
The table below shows the location and ownership type of IHOP, Applebee's, and Fuzzy's restaurants as of December 28, 2025:
| Franchise · Company · Total Restaurants | |||||||
|---|---|---|---|---|---|---|---|
| IHOP(a) · Applebee's · Fuzzy's · IHOP · Applebee's · Fuzzy's | |||||||
| United States | |||||||
| Alabama | 17 | 29 | — | — | — | — | 46 |
| Alaska | 4 | 1 | — | — | — | — | 5 |
| Arizona | 42 | 20 | 1 | — | — | — | 63 |
| Arkansas | 17 | 4 | 1 | — | 2 | — | 24 |
| California | 224 | 102 | 1 | — | — | — | 327 |
| Colorado | 37 | 22 | 16 | — | — | — | 75 |
| Connecticut | 11 | 5 | — | — | — | — | 16 |
| Delaware | 8 | 12 | — | — | — | — | 20 |
| District of Columbia | 2 | — | — | — | — | — | 2 |
| Florida | 142 | 78 | 4 | — | — | — | 224 |
| Georgia | 85 | 24 | — | — | 32 | — | 141 |
| Hawaii | 6 | — | — | — | — | — | 6 |
| Idaho | 7 | 12 | — | — | — | — | 19 |
| Illinois | 41 | 30 | — | — | 2 | — | 73 |
| Indiana | 26 | 54 | — | — | 2 | — | 82 |
| Iowa | 11 | 25 | 1 | — | — | — | 37 |
| Kansas | 30 | 21 | 5 | — | — | — | 56 |
| Kentucky | 10 | 19 | — | 2 | 7 | — | 38 |
| Louisiana | 24 | 12 | 1 | — | — | — | 37 |
| Maine | 6 | 12 | — | — | — | — | 18 |
| Maryland | 54 | 17 | — | — | — | — | 71 |
| Massachusetts | 21 | 24 | — | — | — | — | 45 |
| Michigan | 27 | 81 | — | — | — | — | 108 |
| Minnesota | 8 | 45 | 1 | — | — | — | 54 |
| Mississippi | 11 | 17 | 1 | — | 2 | — | 31 |
| Missouri | 31 | 39 | — | 1 | 3 | — | 74 |
| Montana | 4 | 7 | — | — | — | — | 11 |
| Nebraska | 7 | 14 | — | — | — | — | 21 |
| Nevada | 23 | 11 | — | — | — | — | 34 |
| New Hampshire | 4 | 13 | — | — | — | — | 17 |
| New Jersey | 49 | 55 | — | — | — | — | 104 |
| New Mexico | 15 | 18 | — | — | — | — | 33 |
| New York | 62 | 91 | — | — | — | — | 153 |
| North Carolina | 52 | 37 | — | — | — | — | 89 |
| North Dakota | 3 | 11 | — | — | — | — | 14 |
| Ohio | 26 | 75 | 1 | 9 | — | — | 111 |
| Oklahoma | 35 | 6 | 10 | — | 4 | — | 55 |
| Oregon | 17 | 16 | — | — | — | — | 33 |
| Pennsylvania | 28 | 74 | — | — | — | — | 102 |
| Rhode Island | 5 | 6 | — | — | — | — | 11 |
| South Carolina | 26 | 26 | — | — | — | — | 52 |
| South Dakota | 2 | 5 | — | — | — | — | 7 |
| Tennessee | 33 | 22 | — | — | 5 | — | 60 |
| Texas | 221 | 89 | 61 | — | — | 1 | 372 |
| Utah | 20 | 9 | — | — | — | — | 29 |
| Vermont | — | 3 | — | — | — | — | 3 |
| Virginia | 67 | 45 | — | — | — | — | 112 |
| Washington | 37 | 40 | — | — | — | — | 77 |
| West Virginia | 10 | 14 | — | — | — | — | 24 |
| Wisconsin | 24 | 19 | — | — | — | — | 43 |
| Wyoming | — | 2 | 1 | — | — | — | 3 |
| Total Domestic | 1,672 | 1,413 | 105 | 12 | 59 | 1 | 3,262 |
| Franchise · Company · Total Restaurants | |||||||
|---|---|---|---|---|---|---|---|
| IHOP(a) | Applebee's | Fuzzy's | IHOP | Applebee's | Fuzzy's | Total Restaurants | |
| International | |||||||
| Bahamas | 1 | 1 | — | — | — | — | 2 |
| Bahrain | 1 | 1 | — | — | — | — | 2 |
| Brazil | — | 10 | — | — | — | — | 10 |
| Canada | 31 | 9 | — | — | — | — | 40 |
| Costa Rica | 1 | 1 | — | — | — | — | 2 |
| Dominican Republic | — | 3 | — | — | — | — | 3 |
| Ecuador | 8 | — | — | — | — | — | 8 |
| Egypt | 2 | 1 | — | — | — | — | 3 |
| Guam | 1 | 1 | — | — | — | — | 2 |
| Guatemala | — | 4 | — | — | — | — | 4 |
| Honduras | 1 | 1 | — | — | — | — | 2 |
| India | 1 | — | — | — | — | — | 1 |
| Kuwait | 7 | 7 | — | — | — | — | 14 |
| Mexico | 55 | 30 | — | — | — | — | 85 |
| Oman | 1 | 1 | — | — | — | — | 2 |
| Pakistan | 3 | — | — | — | — | — | 3 |
| Panama | 3 | 4 | — | — | — | — | 7 |
| Peru | 2 | 2 | — | — | — | — | 4 |
| Puerto Rico | 8 | 7 | — | — | — | — | 15 |
| Qatar | 4 | 7 | — | — | — | — | 11 |
| Saudi Arabia | 7 | 14 | — | — | — | — | 21 |
| United Arab Emirates | 3 | 3 | — | — | — | — | 6 |
| Total International | 140 | 107 | — | — | — | — | 247 |
| Total | 1,812 | 1,520 | 105 | 12 | 59 | 1 | 3,509 |
(a) There are 142 IHOP restaurants operated by area licenses in the U.S. state of Florida, three in the U.S. state of Georgia and nine in Canada. Of those, there are two IHOP restaurants in Florida and five IHOP restaurants in Canada that have been sub-licensed by the area licensee.
Of the 1,658 IHOP restaurants operated by franchisees, 48 were located on sites owned by us, 473 were located on sites leased by us from third parties and 1,137 were located on sites owned or leased by franchisees. All of the IHOP restaurants operated by area licensees, 1,519 of the franchisee-operated Applebee's restaurants and all the franchisee-operated Fuzzy's restaurants were located on sites owned or leased by the area licensees or the franchisees. We owned one site on which a franchisee-operated Applebee's restaurant was located and no franchisee-operated Applebee's restaurant was located on a site leased by us from third parties. The 12 IHOP, 59 Applebee's and one Fuzzy's company-owned restaurants as of December 28, 2025 were located on sites leased by us from third parties.
Leases of IHOP restaurants generally provide for an initial term of 20 to 25 years, with most having one or more five-year renewal options. Leases of Applebee's restaurants generally have an initial term of 10 to 20 years, with renewal terms of five to 20 years. In addition, a substantial number of the leases for both IHOP and Applebee's restaurants include provisions calling for the periodic escalation of rents during the initial term and/or during renewal terms. The leases typically provide for payment of rents in an amount equal to the greater of a fixed amount or a specified percentage of gross sales. They also generally require payment of taxes, insurance premiums, maintenance expenses and certain other costs. Historically, it has been our practice to seek to extend, through negotiation leases that expire and do not contain renewal options. However, from time to time, we may choose not to renew a lease or are unsuccessful in negotiating satisfactory renewal terms. When this occurs, the restaurant is closed and possession of the premises is returned to the landlord.
Under our Applebee's and Fuzzy's franchise agreements, we have certain rights to gain control of a restaurant site in the event of default under the franchise agreement. Because substantially all IHOP franchised restaurants developed by us under our Previous IHOP Business Model are subleased to the franchisees, IHOP has the ability to regain possession of the subleased restaurant if the franchisee defaults in the payment of rent or other terms of the sublease.
We currently occupy approximately 93,000 square feet for our principal corporate offices and restaurant support center located in Pasadena, California, under a lease expiring in August 2035.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.