LEASES (Tables)

9 Months Ended

Sep. 30, 2026

The components of operating lease expense are as follows:




	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Rent - cost of services(1)	$	66,970	$	61,528	$	198,888	$	175,799
Cost of services(2)	8,076		6,787		22,977		19,827
General and administrative expense	280		195		775		608

	$	75,326	$	68,510	$	222,640	$	196,234

(1)Rent - cost of services includes deferred rent expense adjustments of $270 and $846 for the three and nine months ended September 30, 2026, respectively, and $225 and $632 for the three and nine months ended September 30, 2025, respectively. Additionally, rent - cost of services includes other costs such as consumer price index increases and short-term leases of $5,638 and $15,896 for the three and nine months ended September 30, 2026, respectively, and $4,922 and $13,560 for the three and nine months ended September 30, 2025, respectively.

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

Schedule of Future Minimum Lease Payments

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


Year	Amount
2026 (remainder)	$	60,952
2027	243,486
2028	242,449
2029	237,998
2030	233,645
2031	223,071
Thereafter	1,836,964
TOTAL LEASE PAYMENTS	$	3,078,565
Less: present value adjustment	(989,638)
PRESENT VALUE OF TOTAL LEASE LIABILITIES	$	2,088,927
Less: current lease liabilities	(120,388)
LONG-TERM OPERATING LEASE LIABILITIES	$	1,968,539

Schedule of Rental Income from Third-Party Sources

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Pennant(1)	$	4,623	$	4,084	$	13,263	$	12,288
Other third-party(2)(3)	2,544		2,542		8,781		6,694
TOTAL	$	7,167	$	6,626	$	22,044	$	18,982

(1) Pennant rental income includes variable rent such as property taxes of $314 and $947 during the three and nine months ended September 30, 2026 and $274 and $854 for the three and nine months ended September 30, 2025.

(2) Other third-party includes rental revenue associated with the Company's subleases to third parties of $1,144 and $3,423 for the three and nine months ended September 30, 2026, and $1,116 and $3,339 for the three and nine months ended September 30, 2025, respectively.

(3) For the nine months ended September 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 September 30, 2026 were as follows:


Year	Amount
2026 (remainder)	$	7,417
2027	29,181
2028	28,666
2029	28,516
2030	27,416
2031	27,410
Thereafter	110,405
TOTAL	$	259,011