Services
Net Lease DispositionsAcquisitions & 1031 ExchangesLease RestructuringDiscount & Auto RetailShopping CentersQSR & Drive-ThruSale-LeasebacksBusiness Sales
Active ListingsTrack RecordTenant InsightsInsights
Net Lease News
AboutContactRequest a Valuation
Casual Dining

Applebee’s

Parent: Dine Brands Global · Public parent; franchised

NYSE: DIN$37.22+3.8%close Nov. 9, 2026
Credit ratingNot rated
AAAAAABBBBBBCCCD

No verified agency rating for Dine Brands Global.

Rating shown is for parent Dine Brands Global, not for Applebee’s on its own.

Founded1980Source: Wikidata
Employees28,000as of 2013; source: Wikidata
Locations1,579Dec. 2025; source: DIN Form 10-K, fiscal year ended 2025-12-28
HeadquartersPasadena, CaliforniaCasual Dining

New Initiatives

How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.

  • Dine Brands reported 44 domestic dual-brand Applebee’s and IHOP restaurants in the second quarter of 2026, with 13 openings and 30 closures across the system in the quarter.

    Source: Dine Brands second-quarter 2026 results
  • Dine Brands reported that dual-brand remodels were lifting sales at converted units.

    Source: Restaurant Dive

Applebee’s is a casual dining chain owned by Dine Brands, which also owns IHOP and Fuzzy’s Taco Shop. Nearly all restaurants are franchised, so the lease guarantor is usually a franchisee.

Store count

1,579 as of Dec. 28, 2025
-2.2% 1-year change vs. prior fiscal year
  1. 2,0332015
  2. 2,0162016
  3. 1,9362017
  4. 1,8372018
  5. 1,7872019
  6. 1,7112020
  7. 1,6802021
  8. 1,6142024
  9. 1,5792025

Applebee's restaurants, systemwide. Counts as reported at each period end. Sources: DIN Form 10-K, fiscal year ended 2020-12-31; DIN Form 10-K, fiscal year ended 2021-12-31; DIN Form 10-K, fiscal year ended 2024-12-31; DIN Form 10-K, fiscal year ended 2025-12-28 and 5 earlier sources.

Ownership history

  1. 2007

    Acquired by IHOP Corp., renamed DineEquity in 2008 and Dine Brands Global in 2018 Source: Wikipedia: Dine Brands Global

SEC Filings

Filings by parent Dine Brands Global, Inc.. Applebee’s does not file on its own. All filings on EDGAR

PeriodFormFiledDocument
Fiscal year ended Dec. 28, 202510-KFeb. 25, 2026View on sec.gov
Fiscal year ended Dec. 31, 202410-KMar. 5, 2025View on sec.gov
Fiscal year ended Dec. 31, 202310-KFeb. 28, 2024View on sec.gov
Fiscal year ended Dec. 31, 202210-KMar. 1, 2023View on sec.gov
Latest quarter, period ended Sept. 27, 202610-QNov. 4, 2026View on sec.gov

Credit ratings

AgencyRatingOutlookAs ofSource
S&P GlobalUnavailableNot verifiedNot verified
Moody’sUnavailableNot verifiedNot verified

Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.

Casual Dining

Related tenants.

All tenant profiles · Store Count Tracker · Net Lease News

Big Boy

Casual Dining
Not rated
56 locations · Founded 1936

Bob Evans

Casual Dining
Parent: 4x4 Capital
Not rated
420 locations · Founded 1946