LEASES (Tables)

6 Months Ended

Jun. 30, 2026

The components of operating lease expense are as follows:




	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Rent - cost of services(1)	$	66,412	$	57,195	$	131,918	$	114,271
Cost of services(2)	7,922		6,611		14,901		13,040
General and administrative expense	275		214		495		413

	$	74,609	$	64,020	$	147,314	$	127,724

(1)Rent - cost of services includes deferred rent expense adjustments of $255 and $576 for the three and six months ended June 30, 2026, respectively, and $199 and $407 for the three and six months ended June 30, 2025, respectively. Additionally, rent - cost of services includes other variable lease costs such as consumer price index increases and short-term leases of $5,127 and $10,258 for the three and six months ended June 30, 2026, respectively, and $4,634 and $8,638 for the three and six months ended June 30, 2025, respectively.

(2)Cost of services includes variable lease costs consisting of property taxes and insurance.

Schedule of Future Minimum Lease Payments

Future minimum lease payments for all third-party leases as of June 30, 2026 are as follows:


Year	Amount
2026 (remainder)	$	122,703
2027	245,198
2028	244,213
2029	239,030
2030	233,671
2031	223,098
Thereafter	1,797,565
TOTAL LEASE PAYMENTS	$	3,105,478
Less: present value adjustment	(994,876)
PRESENT VALUE OF TOTAL LEASE LIABILITIES	$	2,110,602
Less: current lease liabilities	(121,117)
LONG-TERM OPERATING LEASE LIABILITIES	$	1,989,485

Schedule of Rental Income from Third-Party Sources

Total rental income from all third-party sources for the three and six months ended June 30, 2026 and 2025 is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Pennant(1)	$	4,427	$	4,082	$	8,640	$	8,204
Other third-party(2)(3)	3,557		2,273		6,237		4,152
TOTAL	$	7,984	$	6,355	$	14,877	$	12,356

(1) Pennant rental income includes variable rent such as property taxes of $321 and $633 during the three and six months ended June 30, 2026 and $270 and $580 for the three and six months ended June 30, 2025.

(2) Other third-party includes rental revenue associated with the Company's subleases to third parties of $1,144 and $2,279 for the three and six months ended June 30, 2026, and $1,116 and $2,223 for the three and six months ended June 30, 2025, respectively.

(3) For the three and six months ended June 30, 2026, other third-party revenue included $1,016 of rental income earned from acquired real estate properties during the period prior to their lease to the Company's independent operating subsidiaries.

Schedule of Annual Rental Income

Future contractual minimum annual rental income for all third-party leases as of June 30, 2026 were as follows:


Year	Amount
2026 (remainder)	$	14,647
2027	28,719
2028	28,269
2029	28,148
2030	27,072
2031	27,052
Thereafter	115,327
TOTAL	$	269,234