Item 2. Properties
ITEM 2. PROPERTIES
Patrick believes the facilities occupied as of December 31, 2025, are adequate for the purposes for which they are currently being used and are well-maintained. The Company may, as part of its strategic operating plan, further consolidate and/or close certain owned facilities and may not renew leases on property with near-term lease expirations. Use of our manufacturing and distribution facilities may vary with seasonal, economic, and other business conditions. Our primary corporate office is located in Elkhart, Indiana.
In 2025 , the Company operated in 25 states in the U.S., Mexico, China and Canada. As of December 31, 2025 , the Company leased approximately 11.2 million square feet of manufacturing, distribution and corporate facilities and owned approximately 3.0 million square feet, as listed below.
Leased Owned
Purpose / Nature: # of Properties Square Footage # of Properties Square Footage
Manufacturing 154 8,927,000 37 2,399,000
Distribution 44 1,620,000 6 433,000
Manufacturing & Distribution (shared space) 3 536,000 1 94,000
Corporate & Other 21 104,000 8 45,000
Total 222 11,187,000 52 2,971,000
Pursuant to the terms of the Company’s 2024 Credit Agreement, most of our owned real property is subject to a security interest.
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