NASHVILLE, Tenn., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a leading lodging and hospitality real estate investment trust (“REIT”) that specializes in upscale convention center resorts and leading entertainment experiences, today successfully refinanced its revolving credit facility, increasing the size from $700 million to $850 million and extending the maturity from May 2027 to January 2030. The amended revolving credit facility (“Revolver”) maintained the same pri ...

NASHVILLE, Tenn., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”), a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and country music entertainment experiences, today announced the 2025 tax classification of the dividend distributions made to the Company’s shareholders. The income tax classification as expected to be reported on Form 1099-DIV is as follows: Record Date Payment ...

Core Viewpoint - The focus is on building a financial portfolio aimed at achieving financial independence through investments in dividend stocks, which provide a steady income stream [1] Group 1 - The company or individual expresses a keen interest in financial markets and a desire to learn more about various sectors [1] - The strategy involves gravitating towards dividend stocks to secure a reliable income source [1]

Core Viewpoint - The focus is on building a financial portfolio aimed at achieving financial independence through investments in dividend stocks, which provide a steady income stream. Group 1: Financial Strategy - The company aims to create a financial portfolio that supports financial independence [1] - There is a strong interest in financial markets and a commitment to learning about various sectors [1] - Dividend stocks are preferred for their ability to generate consistent income [1]

Core Viewpoint - Ryman Hospitality Properties, Inc. will release its fourth quarter 2025 earnings results on February 23, 2026, and will hold a conference call to discuss the results on February 24, 2026 [1]. Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust specializing in upscale convention center resorts and entertainment experiences [3]. - The company owns five of the top seven largest non-gaming convention center hotels in the U.S., including Gaylord Opryland Resort & Convention Center and Gaylord Palms Resort & Convention Center, with a total of 12,364 rooms and over 3 million square feet of meeting space [3]. - Ryman Hospitality also holds a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [3].

Core Viewpoint - Ryman Hospitality Properties, Inc. has declared a fourth quarter cash dividend of $1.20 per share, payable on January 15, 2026, to stockholders of record as of December 31, 2025 [1]. Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust specializing in upscale convention center resorts and entertainment experiences [2]. - The company's portfolio includes five of the top seven largest non-gaming convention center hotels in the U.S., with a total of 12,364 rooms and over 3 million square feet of meeting space [2]. - Ryman Hospitality also holds a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [2].

Core Insights - Diamond Hill Capital's "Small Cap Strategy" reported a 7.93% return in Q3 2025, underperforming the Russell 2000 Index which gained over 12% [1] - The underperformance was attributed to the rally being driven by sectors not typically held in the portfolio [1] Company Overview - Ryman Hospitality Properties, Inc. (NYSE:RHP) is a lodging and hospitality REIT specializing in upscale convention center resorts and entertainment experiences [3] - As of November 24, 2025, Ryman Hospitality's stock closed at $94.02, with a market capitalization of $5.924 billion [2] Performance Metrics - Ryman Hospitality's one-month return was 8.73%, but it experienced a 19.67% decline over the past 52 weeks [2] - The company faced pressure in Q3 due to mixed fundamentals and concerns regarding its transient business [3] Investment Sentiment - Ryman Hospitality was held by 29 hedge fund portfolios at the end of Q2 2025, an increase from 25 in the previous quarter [4] - Despite its potential, the company is not considered among the top stock picks by hedge funds, with some analysts suggesting that certain AI stocks may offer better upside potential [4]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] Investment Landscape - Wall Street is investing hundreds of billions into AI, but there is a pressing concern regarding the energy supply needed to sustain this growth [2] - AI data centers, such as those powering large language models, consume energy equivalent to that of small cities, indicating a significant strain on global power grids [2] - The company in focus is positioned to benefit from the anticipated surge in electricity demand driven by AI advancements [3][6] Company Profile - The company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend due to tariffs [5][6] - It possesses critical nuclear energy infrastructure assets, making it a central player in America's future power strategy [7] - The company is noted for its capability to execute large-scale engineering, procurement, and construction projects across various energy sectors, including oil, gas, and renewables [7] Financial Position - The company is completely debt-free and has a substantial cash reserve, amounting to nearly one-third of its market capitalization, which positions it favorably compared to heavily indebted competitors [8][10] - It also holds a significant equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without the associated premium [9] Market Sentiment - There is a growing interest from hedge funds in this company, which is considered undervalued and off the radar, trading at less than seven times earnings [10][11] - The company is recognized for delivering real cash flows and owning critical infrastructure, making it an attractive investment option in the context of the AI and energy sectors [11][12]

Company Overview - Ryman Hospitality Properties operates as a REIT, focusing on group-oriented, destination hotel assets with a total of 11,869 rooms managed by Marriott under the Gaylord Hotels and JW Marriott brands[96]. - Ryman's long-term strategic plan aims to be the premier hospitality REIT for group-oriented meeting hotel assets in urban and resort markets[102]. Financial Performance - Total revenues for Q3 2025 reached $592,458,000, a 7.7% increase from $549,958,000 in Q3 2024[121]. - Total operating expenses for Q3 2025 were $503,846,000, reflecting a 13.5% increase compared to $444,078,000 in Q3 2024[121]. - Operating income decreased to $88,612,000 in Q3 2025, down 16.3% from $105,880,000 in Q3 2024[121]. - Net income for Q3 2025 was $33,959,000, a 43.8% decline from $60,398,000 in Q3 2024[121]. - Net income available to common stockholders for Q3 2025 was $34,886,000, down 40.9% from $59,011,000 in Q3 2024[121]. - Total revenues for the nine months ended September 30, 2025, were $1,839,253,000, an 8.7% increase from $1,691,593,000 in the same period of 2024[121]. - Total operating expenses for the nine months ended September 30, 2025, increased to $1,495,095,000, a 13.2% rise from $1,321,261,000 in the same period of 2024[121]. - The decrease in operating income for the nine months ended September 30, 2025, was $26.2 million compared to the same period in 2024[125]. Revenue Segmentation - For the three months ended September 30, 2025, total revenues were divided among segments as follows: Hospitality 85%, Entertainment 15%[111]. - The increase in total revenues for Q3 2025 was primarily driven by a $33.8 million increase in the Hospitality segment and an $8.7 million increase in the Entertainment segment[122]. - Total revenue for the Hospitality segment increased by 7.2% to $500.9 million in Q3 2025 compared to Q3 2024[129]. - Entertainment revenue increased by 33.0% in the nine months ended September 30, 2025, compared to the same period in 2024[128]. Capital Expenditures and Investments - In 2024, Ryman completed a $98 million multi-year enhancement project at Gaylord Rockies and identified over $1 billion in capital investment opportunities across its hotel portfolio[105]. - Ryman's ongoing plans include a nearly $225 million capital improvement plan at Gaylord Opryland, which involves expanding meeting space and renovating facilities[107][108]. - The company reported a capital expenditure of approximately $252.1 million, reflecting its commitment to investing in existing properties[106]. - The company anticipates capital expenditures between $125 million and $175 million for ongoing projects in 2025, including expansions and renovations at various properties[180]. Debt and Financing - The company issued $625 million in 6.50% senior notes due 2033 to support its financial strategy[106]. - The company completed a private placement of $500 million in 4.75% senior notes due 2027, with a maturity date of October 15, 2027, and interest payable semi-annually[203]. - The net proceeds from the $625 million senior notes issuance totaled approximately $614 million, used to fund a portion of the purchase price for JW Marriott Desert Ridge[209]. - As of September 30, 2025, the company had $483.3 million in unrestricted cash and $780.0 million available for borrowing under its revolving credit facilities[179]. - The company’s outstanding principal debt agreements include a $700.0 million revolving credit facility and a senior secured term loan B, with specific financial covenants to maintain[188]. Operational Metrics - Same-store ADR increased by 2.2% in Q3 2025 compared to Q3 2024, reaching $257.74[129]. - Same-store group room nights booked decreased by 3.6% in Q3 2025 compared to Q3 2024, indicating ongoing economic policy uncertainty[128]. - Total RevPAR for the Hospitality segment decreased by 1.0% to $440.33 in Q3 2025 compared to Q3 2024[129]. - The overall occupancy rate for Gaylord Opryland decreased to 64.0% in Q3 2025, down from 71.8% in Q3 2024, a decline of 7.8 percentage points[136]. Income and Cash Flow - Cash flows provided by operating activities for the nine months ended September 30, 2025, were $426.0 million, reflecting net income before depreciation and other non-cash charges of $401.4 million[173]. - The income tax provision for the nine months ended September 30, 2025, was $8.4 million, down from $13.7 million in 2024, reflecting changes in income at the company's TRSs[161]. - The net income available to common stockholders for the nine months ended September 30, 2025, is $147,310 thousand[237]. Market Conditions and Risks - A prolonged inflationary environment could adversely affect operating costs, customer spending, and financial results[234]. - The management agreements impose limitations on indebtedness, capping secured debt at no more than 75% of the fair market value of the hotels[228].

Financial Data and Key Metrics Changes - The company reported third-quarter results in line with expectations, with RevPAR and total RevPAR index achieving approximately 141% and 195% of fair share relative to the Marriott-defining competitive set [4][12] - Adjusted EBITDAre for the entertainment segment is expected to be in the range of $772-$802 million, reflecting a reduction in guidance due to softer volumes in downtown Nashville venues [21][17] - The company ended the third quarter with $483 million of unrestricted cash and total available liquidity of nearly $1.3 billion [22] Business Line Data and Key Metrics Changes - The hospitality segment delivered results towards the high end of expectations, with a decline in corporate group room nights down only about 20,000 compared to last year [12] - Food and beverage outlet performance improved, with outlet sales per occupied room increasing nearly 13% [13] - The entertainment segment generated approximately $92 million in revenue and adjusted EBITDAre of approximately $25 million [16] Market Data and Key Metrics Changes - The leisure hotel market in Nashville improved, with transient ADR growth for the upscale and luxury hotel segment turning positive for the first time since February 2025 [4] - Nashville Airport traffic was reported to be up 10% in October compared to last year, marking the best October in the airport's history [28] - Group room nights booked for all future years were up 9% compared to last year, with ADR growth continuing in the mid-single digits [15] Company Strategy and Development Direction - The company remains bullish on the long-term trajectory of Nashville, citing ongoing developments such as the new Titans stadium and Oracle's headquarters [5][6] - The company is focusing on expanding its entertainment platform and enhancing the Opry brand, with plans for a second Category 10 development in Las Vegas [10][11] - The company anticipates that the sports bar development at Gaylord Opryland will open in April 2026, contributing to future growth [18] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the fourth quarter, noting that while government-related weakness is impacting bookings, leisure demand is showing positive trends [97][98] - The company is optimistic about an increase in group demand for 2026 due to expectations for lower interest rates and a more favorable business environment [17] - Management highlighted that corporate leads and bookings remain strong despite elevated cancellation activity primarily in the government sector [34][35] Other Important Information - The company is narrowing its guidance ranges for the full year 2025, reflecting adjustments in the entertainment segment due to market conditions [21] - The company plans to continue paying a minimum of 100% of taxable income through dividends [23] Q&A Session Summary Question: Updated thoughts on the entertainment market in Nashville - Management noted that the market has stabilized, with increased airline traffic and optimism for future tourism growth due to new developments [27][28] Question: Impact of cancellations on bookings - Cancellations were up primarily in the government sector, but corporate leads and demand remain strong, mitigating some impacts [34][35] Question: Leisure assumptions for the fourth quarter - Management expects improved performance in leisure bookings, with early indicators showing positive trends [36][37] Question: Corporate group bookings recovery - Corporate bookings are strong across various sectors, with no specific industry showing greater growth [68] Question: Acquisition appetite and strategy - The company is focused on internal capital deployment rather than external acquisitions, emphasizing high-quality returns on invested capital [89][90]