Metric Details Parent / Legal Entity 24 Hour Fitness Worldwide, Inc. (All Day AcquisitionCo, LLC) S&P / Moody‑s Rating CCC- / Caa3 Investment Grade Status Substantially Below Investment Grade — Distressed Sector Fitness / Health Club Ownership Private equity (since 2020 bankruptcy emergence) US Location Count ~300+ gyms (down from 440+ pre-pandemic) Geographic Concentration California,…

Life Time Fitness B-/Caa1 substantial risk non-investment grade NNN analysis. ~170 luxury clubs, 7.5–9.5% cap rates, 100,000–150,000 SF format. Heavily leveraged PE-era balance sheet. Q1 2026.

Metric Value Parent Company Planet Fitness, Inc. Credit Ratings S&P: BB / Moody’s: Ba3 Sector Fitness US Locations 2,500 Cap Rate Range 6.0% – 7.0% Lease Term 15 years Guarantee Type Mixed (Corporate and Franchisee) Ticker PLNT (NYSE) Revenue $1.1 billion (FY2024) Price Range $2.5M – $5.0M Planet Fitness Business Overview & NNN Investment Profile…