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

KinderCare

Parent: KinderCare Learning Companies, Inc. · Public

NYSE: KLC$2.33+11.0%close Nov. 9, 2026
Credit ratingB+ High yield
S&P B+Fitch B+
AAAAAABBBBBBCCCD
Investment gradeHigh yield

S&P Global, as of Outlook revised to negative, Oct. 19, 2026 · Outlook negative. Source: Investing.com report of S&P action

Founded1969Source: Wikidata
EmployeesNot verifiedNo verified source
Locations1,567July 4, 2026; source: KinderCare second-quarter 2026 slides
HeadquartersLake Oswego, OregonChildcare & Education

New Initiatives

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

KinderCare is the largest private provider of early childhood education in the United States, with community centers and employer-sponsored sites. It went public in October 2024 and is closing underperforming centers in 2026.

Store count

1,567 as of July 4, 2026
+0.3%/yr annualized over 2.5 yrs (Dec 2023 to Jul 2026)
  1. 1,5572023
  2. 1,5742024
  3. 1,5552026
  4. 1,567Latest

Early childhood education centers, company level (excludes before- and after-school sites). Counts as reported at each period end. Sources: KinderCare Learning Companies 10-K for fiscal 2024; KLC Form 10-K, fiscal year ended 2026-01-03; KinderCare second-quarter 2026 slides.

What’s changing

  1. Credit

    S&P revised its outlook on KinderCare to negative on enrollment pressure. Source: Investing.com

Ownership history

  1. 2024

    KinderCare Learning Companies IPO Source: Wikipedia: KinderCare Learning Centers

SEC Filings

Annual reports filed by KinderCare Learning Companies, Inc.. All filings on EDGAR

PeriodFormFiledDocument
Fiscal year ended Jan. 3, 202610-KMar. 13, 2026View on sec.gov
Fiscal year ended Dec. 28, 202410-KMar. 21, 2025View on sec.gov
Latest quarter, period ended July 4, 202610-QAug. 13, 2026View on sec.gov

Credit ratings

AgencyRatingOutlookAs ofSource
S&P GlobalB+NegativeOutlook revised to negative, Oct. 19, 2026Investing.com report of S&P action
FitchB+NegativeAffirmed April 17, 2026Fitch Ratings

Bond market context

Issuer bond yieldUnavailable. No free, licensed source for individual bond yields.
B index effective yield8.25% (Nov. 6, 2026; ICE BofA Single-B US High Yield Index)
B index spread (OAS)361 bps over Treasuries; 328 bps a year earlier (FRED)
10-year Treasury4.88% (Nov. 9, 2026)

The index row shows the yield on single-B-rated U.S. corporate bonds as a group, the closest free benchmark for this rating category. It is not the yield on this company’s own bonds.

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.

Childcare & Education

Related tenants.

All tenant profiles · Store Count Tracker · Net Lease News