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Life Time Group Holdings, Inc.

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

LTH$47.42+1.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

We operate distinctive, resort-like athletic country club destinations in both affluent suburban and urban locations centered around major metropolitan areas in the United States and Canada. As of December 31, 2025, we operated 189 centers in 31 states and one Canadian province, 55 of which were owned (including ground leases) and 134 of which were leased. During 2025, we opened 10 new centers. Our luxurious athletic country clubs total over 18 million of indoor square feet and over seven million of outdoor square feet in the aggregate and measure approximately 97,000 square feet on average. Depending on the size and location of a center, we offer expansive fitness floors with top-of-the-line equipment, spacious locker rooms, group fitness studios and spaces, recovery spaces, indoor and outdoor pools and bistros, indoor and outdoor tennis courts, indoor and outdoor pickleball courts, basketball courts, LifeSpa personal care services, LifeCafe healthy restaurants and child care and Kids Academy learning spaces. Excluding renewal options, the terms of our leased centers, including ground leases, expire at various dates from March 2027 through December 2054. Including renewal options, only nine of our 134 leases expire in the next 15 years. The majority of our leases have renewal options and a few grant us the right to purchase the property. Of our 55 owned properties, 21 are pledged as collateral under our Credit Facilities as well as our secured notes, and eight are pledged as collateral under our mortgage notes.

Our corporate headquarters, located in Chanhassen, Minnesota next to our Chanhassen center, is comprised of two 105,000 square foot, free-standing, three-story buildings that we own.

The table below contains information about our centers as of December 31, 2025:

Number ofOwned CentersNumber ofLeased CentersTotal Numberof CentersAggregateIndoorSquare Feet
United States:
Alabama011104,336
Arizona077681,917
California549780,404
Colorado268784,861
Connecticut01153,198
Florida156436,601
Georgia369841,618
Illinois69151,585,414
Indiana202127,512
Iowa011110,378
Kansas112222,712
Maryland134397,256
Massachusetts077749,394
Michigan257686,407
Minnesota1211232,108,989
Missouri022238,287
Nebraska011116,409
Nevada112258,062
New Jersey167804,190
New York21012808,693
North Carolina134378,804
Ohio257575,895
Oklahoma022232,206
Oregon101133,526
Pennsylvania033324,509
Tennessee022236,129
Texas824323,211,109
Utah011109,800
Virginia156601,008
Washington01134,385
Wisconsin011126,423
Canada:
Ontario303397,853
Total Centers5513418918,258,285

In a few of our centers, we sublease space to third parties. The square footage figures above include those subleased areas. The center square footage figures exclude areas used for tennis courts, outdoor swimming pools, outdoor play areas and stand-alone Life Time Work, Life Time Sport and Life Time Swim locations.

In addition to the centers listed in the table above, as of December 31, 2025, we had 17 new centers under construction. We also operate 10 facilities that we classify as satellite locations. These include tennis-only facilities that we own in Oakdale, Minnesota; Centennial, Colorado; and Plano, Texas; a pickleball-only facility that we own in Chanhassen, Minnesota; a racquet club that we lease in Creve Coeur, Missouri; a racquet club that we own in Boise, Idaho; along with leased small centers in Austin, Texas; Battery Park, New York; 5th Avenue, New York; and Hackensack, New Jersey.

Other Property Data:

December 31,
202520242023
(Number of centers)
Center age:
Open 1 to 12 months10811
Open 13 to 37 months222117
Open 37+ months157150143
Total centers189179171
Center ownership:
Own353733
Own/ground lease111111
Own/mortgaged outside of Credit Facilities8813
Joint venture111
Leased134122113
Total centers189179171
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.