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Ryman Hospitality Properties (RHP) Q4 FFO and Revenues Lag Estimates
ZACKS· 2025-02-20 23:55
Core Viewpoint - Ryman Hospitality Properties reported quarterly funds from operations (FFO) of $2.15 per share, missing the Zacks Consensus Estimate of $2.20 per share, but showing an increase from $2.08 per share a year ago [1][2]. Financial Performance - The FFO surprise for the quarter was -2.27%, while the previous quarter saw a positive surprise of 9.04% with an actual FFO of $1.93 compared to an expected $1.77 [2]. - Revenues for the quarter were $647.63 million, missing the Zacks Consensus Estimate by 1.47%, but up from $633.06 million year-over-year [3]. - Over the last four quarters, the company has surpassed consensus FFO estimates two times and revenue estimates two times [2][3]. Stock Performance - Ryman Hospitality Properties shares have declined approximately 0.8% since the beginning of the year, contrasting with the S&P 500's gain of 4.5% [4]. - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7]. Future Outlook - The consensus FFO estimate for the upcoming quarter is $1.77 on revenues of $544.38 million, and for the current fiscal year, it is $8.84 on revenues of $2.42 billion [8]. - The estimate revisions trend for Ryman Hospitality Properties is mixed, which could change following the recent earnings report [7]. Industry Context - The REIT and Equity Trust - Other industry is currently in the bottom 33% of over 250 Zacks industries, suggesting potential challenges for stock performance [9].
Ryman Hospitality Properties, Inc. Reports Fourth Quarter and Full Year 2024 Results
GlobeNewswire· 2025-02-20 21:15
NASHVILLE, Tenn., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three and twelve months ended December 31, 2024. Fourth Quarter 2024 Highlights and Recent Developments: The Company reported all-time quarterly record consolidated revenue of $647.6 million, driven by all-time quarterly record Hospitali ...
Ryman Hospitality Properties, Inc. Announces 2024 Tax Classification of Shareholder Dividend Distributions
GlobeNewswire· 2025-01-23 21:15
NASHVILLE, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) today announced the 2024 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 DatePayment DateTotal DistributionTotal Taxable in 2024Ordinary Non-Qualifying DividendLong-term Capital Gain (20%)Nondividend Dist (Return of Capital)Eligible Sec. 199A DividendTaxable in 20 ...
W Hotels Debuts Sweeping Transformation of W Austin, Inspired by the City's Musical Roots and Natural Beauty
Prnewswire· 2025-01-23 15:00
The Iconic Downtown Destination is Reimagined with Polished Design, Elevated Guest Rooms, a Vibrant New Bar, and Bold Restaurant Concepts Inspired by the Brand's Revitalized Culinary VisionBETHESDA, Md., Jan. 23, 2025 /PRNewswire/ -- W Hotels, part of Marriott Bonvoy's portfolio of over 30 hotel brands, and Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties, Inc., proudly announces the completion of a multi-million-dollar transformation of W Austin, the city's cultural hub for curious an ...
Ryman Hospitality Properties, Inc. Announces $131 Million Expansion at Gaylord Opryland
GlobeNewswire· 2025-01-23 12:45
Expansion Adds Approximately 108,000 Square Feet of Premium, Carpeted Meeting SpaceNASHVILLE, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company” or “RHP”), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, announced plans to add approximately 108,000 square feet of premium, carpeted meeting space to its flagship Gaylord Opryland Resort & Convention Center in Nashville, Tenn ...
Opry Entertainment Group Invests in Music Festival and Events Production Company Southern Entertainment
GlobeNewswire· 2025-01-14 13:30
- Investment Strengthens Opry Entertainment Group’s Position as a Leader for Live Events and Experiences -NASHVILLE, Tenn., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Opry Entertainment Group (“OEG”), a subsidiary of Ryman Hospitality Properties, Inc. (NYSE: RHP) (“Ryman”), announced that it has acquired a majority interest in Southern Entertainment, a live events, hospitality, and production company based in Charlotte, N.C. Southern Entertainment’s portfolio of owned or promoted music festivals includes Carolina Co ...
UPDATE – Ryman Hospitality Properties, Inc. Announces Fourth Quarter 2024 Earnings Conference Call – Friday, February 21, 2025, 11 a.m. ET
GlobeNewswire· 2025-01-13 21:15
NASHVILLE, Tenn., Jan. 13, 2025 (GLOBE NEWSWIRE) -- In a release issued December 30 by Ryman Hospitality Properties, Inc. (NYSE:RHP), please note that the time for the conference call was listed at 10:00 a.m. ET on Friday, February 21, but the call has been moved to 11:00 a.m. ET on the same day. The updated release follows: Ryman Hospitality Properties, Inc. (NYSE: RHP) (the "Company”), a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and ...
Ryman Hospitality Properties, Inc. Announces Fourth Quarter 2024 Earnings Conference Call – Friday, February 21, 2025, 10 a.m. ET
GlobeNewswire· 2024-12-30 21:15
NASHVILLE, Tenn., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the "Company”), a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences, announced today that it will release its fourth quarter 2024 earnings results after the market closes on Thursday, February 20, 2025. Management will hold a conference call to discuss the quarter's results at 10:00 a.m. ET on Friday, February 21, 2 ...
GOOD vs. RHP: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-12-26 17:41
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Gladstone Commercial (GOOD) and Ryman Hospitality Properties (RHP) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank ...
Ryman Hospitality Properties(RHP) - 2024 Q3 - Earnings Call Transcript
2024-11-05 20:00
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Jennifer Hutcheson - CFO Colin Reed - Executive Chairman Mark Fioravanti - President & CEO Patrick Chaffin - COO Conference Call Participants Patrick Scholes - Truist Chris Woronka - Deutsche Bank Smedes Rose - Citi Dori Kesten - Wells Fargo Shaun Kelley - Bank of America Merrill Lynch Jay Kornreich - Wedbush Operator Good day, everyone, and welcome to the Ryman Hospitality Proper ...