Investor Presentaiton
Significant Real Estate Portfolio As of February 1, 2024
% of 299 Facilities Ensign Operates and 30
Owned Real Estate Leased to Third Party
Operators
(15)
Ensign Triple Net Master
Leases with Third Party Operators
62.3%
3.4%
25.2%
9.1%
Lease
Structure
34.3%
Leased (without a Purchase Option)
Owned + Leased to third party operators
Leased (with a Purchase Option)
Owned + Operated
Total Owned
Multiple "triple-net" master leases
Terms &
Termination
• Lease agreements with initial terms from 10 to 20 years, with
three 5-year extension options
• Consent required for third party operators to sublease, assign,
encumber or otherwise transfer or dispose any property
Rent Terms
• Fixed base rent with CPI-based escalators
Expenses
• Third party operators responsible for maintenance, capital
expenditures, property taxes, insurance and other expenses
Other
Customary covenants and events of default
20
20
Refer to pages 53 - 54 for end notes. Source: Data as of 2/1/2024.View entire presentation