FRANKLIN TEMPLETON INC 10-K

Item 2. Properties. We conduct our worldwide operations using a combination of owned and leased facilities. While we believe our facilities are suitable and adequate to conduct our business at present, we will continue to acquire, lease and dispose of facilities throughout the world as necessary. We own our San Mateo, California corporate headquarters and various other office buildings in the U.S. and internationally. We lease excess owned space to third parties under leases with terms through 2033. Our owned properties consist of the following: Location Owned Square Footage Owned Square Footage Leased to Third Parties San Mateo, California 743,793 477,757 St. Petersburg, Florida 560,948 363,187 Rancho Cordova, California 445,023 47,676 Hyderabad, India 379,052 23,088 Poznan, Poland 284,436 43,890 Ft. Lauderdale, Florida 102,246 20,264 Edinburgh, Scotland 87,016 26,210 Other 78,391 9,724 Total 2,680,905 1,011,796 We lease office space in 16 states in the U.S. and Washington, D.C., and internationally, including Australia, Brazil, Canada, the People’s Republic of China (including Hong Kong), Germany, India, Japan, Luxembourg, Mexico, Singapore, South Korea, United Arab Emirates and the U.K. As of September 30, 2022, we leased and occupied approximately 1,971,000 square feet of office space worldwide, and subleased to third parties approximately 420,000 square feet of excess leased space. In addition, we entered into a lease agreement for office space in New York City with occupancy expected to begin in early fiscal year 2024.