1 unchanged sentence
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.
−Removed: During 2024, we opened eight new centers.
−Removed: Our luxurio us athletic country clubs total over 17 million of indoor square feet and approximately seven million of outdoor square feet in the aggregate and measure approximately 99,000 square feet on average.
−Removed: Depending on the size and location, they offer expansive fitness floors with top-of-the-line equipment, spacious locker rooms, group fitness studios and 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.
−Removed: Excluding renewal options, the terms of our leased centers, including ground leases, expire at various dates from August 2025 through December 2054.
+Added: During 2025, we opened 10 new centers.
+Added: Our luxurio us 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.
+Added: 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.
+Added: 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.
45 unchanged sentences
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.
−Removed: In addition to the centers listed in the table above, as of December 31, 2024, we had 12 new centers under construction, with significant growth capital expenditures already invested into these new centers that have yet to open.
−Removed: We also operate seven facilities that we classify as satellite locations.
+Added: In addition to the centers listed in the table above, as of December 31, 2025, we had 17 new centers under construction.
+Added: We also operate 10 facilities that we classify as satellite locations.
These include tennis-only facilities that we own in Oakdale, Minnesota;
2 unchanged sentences
a pickleball-only facility that we own in Chanhassen, Minnesota;
+Added: a racquet club that we lease in Creve Coeur, Missouri;
+Added: a racquet club that we own in Boise, Idaho;
along with leased small centers in Austin, Texas;
Battery Park, New York;
+Added: 5th Avenue, New York;
and Hackensack, New Jersey.
13 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.