Welcome to our dedicated page for Ryman Hospitality Pptys news (Ticker: RHP), a resource for investors and traders seeking the latest updates and insights on Ryman Hospitality Pptys stock.
Ryman Hospitality Properties, Inc. reports news as a lodging and hospitality real estate investment trust focused on group-oriented destination hotel assets, upscale convention center resorts, and entertainment experiences. Its updates commonly cover Hospitality segment performance, resort operating metrics, bookings for future room nights, RevPAR and Total RevPAR, and results from properties associated with the Gaylord Hotels and JW Marriott brands.
RHP news also includes dividend declarations, earnings calls, investor presentations, credit facility activity, senior unsecured notes, and developments tied to Opry Entertainment Group and other entertainment assets. Coverage reflects the company’s REIT structure, capital markets activity, and recurring disclosures around its hospitality and entertainment segments.
Ryman Hospitality Properties (RHP) reported record Q3 2024 results with net income of $60.4 million and consolidated revenue of $550.0 million. The company achieved record third quarter same-store Hospitality operating income of $92.8 million and Adjusted EBITDAre of $142.0 million. During Q3, RHP booked over 581,000 same-store room nights at an ADR of $282, up 5.2% YoY. However, the company revised its 2024 guidance lower due to leisure transient softness in Nashville and Orlando, Hurricane Milton disruption, and capital investment projects. The quarterly dividend was increased by 4.5% to $1.15 per share.
Ryman Hospitality Properties, Inc. (NYSE: RHP), a prominent lodging and hospitality real estate investment trust, has released an updated investor presentation prior to its participation in the Bank of America Securities 2024 Global Real Estate Conference. The company, which specializes in upscale convention center resorts and entertainment experiences, has made the presentation available on the Investor Relations section of its website under Events & Presentations. This update provides investors with the latest information about Ryman's business strategy, performance, and outlook ahead of the significant industry event.
Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT specializing in upscale convention center resorts and entertainment experiences, has announced its third quarter 2024 earnings conference call. The call is scheduled for Tuesday, November 5, 2024, at 11:00 a.m. ET. The company will release its Q3 2024 earnings results after market close on Monday, November 4, 2024.
To participate in the conference call, investors can dial 800-267-6316 using conference ID: RHPQ324. A replay will be available through November 12, 2024, by dialing 800-839-5685. The call will also be webcast on Ryman Hospitality Properties' Investor Relations website at http://ir.rymanhp.com.
Ryman Hospitality Properties (NYSE: RHP) has declared a third quarter cash dividend of $1.10 per share, payable on October 15, 2024, to stockholders of record as of September 30, 2024. The company has also corrected its methodology for calculating FFO and adjusted FFO per diluted share, resulting in slightly higher figures for affected periods. This correction does not impact GAAP reporting or previously reported FFO and adjusted FFO figures. The new methodology will be used for future announcements and is expected to result in a slightly higher calculation for full year 2024 adjusted FFO per diluted share guidance. The correction involves additional adjustments related to the proportional FFO or adjusted FFO attributable to the noncontrolling interest in the consolidated joint venture.
Ryman Hospitality Properties (NYSE: RHP) reported record financial results for Q2 2024.
Key highlights include:
- Net income: $104.7 million, up 49.3% YoY.
- Revenue: $613.3 million, up 21.5% YoY.
- Operating income: $168.1 million, up 37.5% YoY.
- Adjusted EBITDAre: $233.2 million, up 33.5% YoY.
- Significant tax refunds of $9.1 million from Tennessee franchise tax law amendment.
- Refinanced Opry Entertainment Group’s term loan and revolving credit facility, extending maturity dates by two years.
- Record bookings of 781,000 same-store Gross Definite Room Nights for future years.
Guidance for 2024 has been raised for net income, operating income, Adjusted EBITDAre, and adjusted funds from operations (AFFO), primarily due to tax refund benefits and interest expense savings from refinancing.
Ryman Hospitality Properties (NYSE: RHP) reported record second quarter 2024 financial results. Key highlights include:
- Net income of $104.7 million, up 49.3% YoY.
- Record consolidated revenue of $613.3 million, a 21.5% increase YoY.
- Adjusted EBITDAre of $233.2 million, up 33.5% YoY.
The company booked over 781,000 same-store Gross Definite Room Nights at a record ADR of $284, a 7.3% increase from Q2 2023. It refinanced Opry Entertainment Group’s loans, saving on interest expenses. Guidance for 2024 was raised, reflecting tax savings and refinancing benefits, with projected net income between $284.3 million to $287.5 million and Adjusted EBITDAre between $775.5 million to $790.5 million.
Ryman Hospitality Properties (NYSE: RHP) will present at the 2024 REITweek Conference on June 4, 2024, at 2:15 p.m. ET in New York, NY. The presentation will be led by CEO Mark Fioravanti in an analyst-led roundtable discussion, along with CFO Jennifer Hutcheson and VP of Investor Relations Sarah Martin. The event will be webcasted and accessible via the company's investor relations website, with a replay available for 60 days.
Ryman Hospitality Properties (NYSE: RHP) will release its Q2 2024 earnings results on July 31, 2024, after market close.
The management will discuss these results via a conference call on August 1, 2024, at 11:00 a.m. ET. Interested parties can participate by dialing 800-225-9448 using the conference ID: RHPQ224. The replay will be available until August 8, 2024, at 800-753-9134 without a conference ID.
The call will also be webcast live and accessible through the company's Investor Relations website.
Ryman Hospitality Properties, Inc. has declared a second quarter dividend of $1.10 per share of common stock to be paid on July 15, 2024. The dividend was authorized by the Board of Directors and will benefit stockholders of record as of June 28, 2024.
Ryman Hospitality Properties, Inc. reported solid first quarter 2024 financial results with net income of $42.8 million and revenue of $528.3 million. The company prepaid its Rockies Term Loan and increased its full-year guidance. Despite some transient demand softness, the company remains confident in its long-term growth outlook.