Financial Performance - The company reported a record consolidated revenue of $647.6 million for Q4 2024, an increase of 2.3% compared to $633.1 million in Q4 2023[6] - Full year 2024 consolidated revenue reached $2.3 billion, representing an 8.4% growth from $2.16 billion in 2023[6] - The company generated net income of $72.3 million in Q4 2024, a decrease of 57.4% from $169.9 million in Q4 2023[6] - Adjusted EBITDAre for Q4 2024 was $188.6 million, a slight increase of 0.6% from $187.5 million in Q4 2023[6] - Net income available to common stockholders for the year ended December 31, 2024, was $271.6 million, a decrease of 12.7% from $311.2 million in 2023[64] - Adjusted EBITDAre for the year ended December 31, 2024, was not explicitly stated but is calculated as net income plus interest, taxes, depreciation, and amortization, providing a clearer view of operational performance[51] - Basic net income per share for the year ended December 31, 2024, was $4.54, down from $5.39 in 2023[64] - Adjusted EBITDAre for the year ended December 31, 2024, was $684,049, up from $623,160 in 2023, representing a growth of 9.8%[72] - Earnings per share for the three months ended December 31, 2024, was $1.15, down from $2.38 in the same period of 2023[76] Revenue Breakdown - Same-store Hospitality revenue for Q4 2024 was $496 million, down 1.4% from $503.1 million in Q4 2023[12] - Gaylord Opryland reported a revenue of $138.7 million for Q4 2024, a decrease of 1.4% compared to Q4 2023, but a full-year revenue increase of 4.4% to $495.6 million[17] - Gaylord Palms experienced an 8.6% decline in Q4 revenue to $79.9 million, with a full-year revenue decrease of 2.3% to $302.4 million[20] - Gaylord Texan's Q4 revenue was $109.3 million, down 6.2% year-over-year, while the full-year revenue decreased by 2.0% to $351.2 million[21] - Gaylord Rockies achieved a revenue increase of 14.1% in Q4 2024 to $76.8 million, with a full-year revenue growth of 8.8% to $290.1 million[24] - The Entertainment segment reported a revenue increase of 11.7% in Q4 2024 to $98.2 million, with a full-year revenue growth of 5.4% to $342.2 million[26] - Hospitality segment revenue for the year ended December 31, 2024, reached $1,997,050,000, up from $1,833,478,000 in 2023, marking an increase of 8.9%[68] - Same-store hospitality segment revenue for the year ended December 31, 2024, was $1,776,526,000, compared to $1,740,665,000 in 2023, indicating a growth of 2.1%[68] Dividends and Shareholder Returns - The company declared a cash dividend of $1.15 per share for Q1 2025, payable on April 15, 2025[5] - Total dividends declared for 2024 were $4.45 per share, a 15.6% increase from 2023, with a minimum dividend target of $4.60 per share for 2025[5] - The Company declared a quarterly cash dividend of $1.15 per common share, payable on April 15, 2025[40] Capital Expenditures and Investments - Capital expenditures for 2024 totaled approximately $408 million, with $301 million allocated to the Hospitality segment and $107 million to the Entertainment and Corporate & Other segments[29] - The Company expects capital expenditures for 2025 to be between $400 million and $500 million, primarily focused on the Hospitality business[29] - The company opened a new Ole Red location in Las Vegas and made a strategic investment in Southern Entertainment, indicating ongoing market expansion efforts[27] Operational Challenges - The company estimates that construction disruptions impacted same-store Hospitality RevPAR growth by approximately 320 basis points in 2024[5] - The estimated impact of construction disruption on the Hospitality business in 2024 was approximately 320 basis points to RevPAR growth and $27 million to operating income and Adjusted EBITDAre[32] - For 2025, the Company estimates the impact of construction disruption to be 250 to 350 basis points to RevPAR and $30 to $35 million to operating income and Adjusted EBITDAre[35] Future Guidance - The guidance for consolidated Hospitality RevPAR growth in 2025 is projected to be between 2.25% and 4.75%, with a midpoint of 3.50%[37] - The company does not expect to update its 2025 guidance before the next quarter's earnings release, but may do so at any time[36] - For the full year 2025, consolidated net income is projected to be between $245,250,000 and $261,000,000, with a midpoint of $253,125,000[79] - Adjusted EBITDAre for the full year 2025 is expected to range from $749,000,000 to $801,000,000, with a midpoint of $775,000,000[79] - Funds From Operations (FFO) available to common stockholders and unit holders is forecasted to be between $487,375,000 and $524,500,000, with a midpoint of $505,938,000 for 2025[81] - Adjusted FFO available to common stockholders and unit holders is anticipated to be between $510,000,000 and $555,000,000, with a midpoint of $532,500,000 for 2025[81] - The diluted income per share available to common stockholders is projected to be between $3.80 and $4.05, with a midpoint of $3.93 for 2025[83] - Adjusted FFO per share is expected to range from $8.24 to $8.86, with a midpoint of $8.55 for 2025[83] Debt and Liquidity - As of December 31, 2024, the Company had unrestricted cash of $477.7 million and total debt outstanding of $3,378.4 million[41] - Total assets increased to $5.22 billion as of December 31, 2024, compared to $5.19 billion in 2023[66] - Debt and finance lease obligations remained stable at approximately $3.38 billion as of December 31, 2024, compared to $3.38 billion in 2023[66] - Cash and cash equivalents decreased to $477.7 million in 2024 from $591.8 million in 2023, indicating a reduction in liquidity[66] - Interest expense for the year ended December 31, 2024, was $225.4 million, compared to $211.4 million in 2023, reflecting increased borrowing costs[64] Operational Metrics - The company operates a portfolio of 11,414 rooms across its hotel properties, which include five of the top seven largest non-gaming convention center hotels in the U.S.[43] - The occupancy rate for Q4 2024 was 66.7%, a decrease from 69.8% in Q4 2023[72] - Total RevPAR for Q4 2024 was $523.24, compared to $519.15 in Q4 2023, showing a marginal increase[72] - The occupancy rate for Gaylord National decreased to 60.4% in Q4 2024 from 66.8% in Q4 2023, while Gaylord Rockies improved to 71.5% from 66.1%[74] - The total revenue per available room (Total RevPAR) for Gaylord Rockies increased to $556.33 in Q4 2024 from $487.79 in Q4 2023[74]

Core Insights - Ryman Hospitality Properties (RHP) reported revenue of $647.63 million for the quarter ended December 2024, reflecting a 2.3% increase year-over-year, but fell short of the Zacks Consensus Estimate of $657.3 million by 1.47% [1] - The company's EPS was $2.15, down from $2.37 in the same quarter last year, and also missed the consensus estimate of $2.20 by 2.27% [1] Financial Performance Metrics - Same-Store Total RevPAR Growth was -1.4%, better than the estimated -2.7% [4] - Same-Store RevPAR Growth was -3.4%, compared to the average estimate of -2.4% [4] - Hospitality revenues were $549.45 million, below the estimated $562.66 million, but showed a year-over-year increase of 0.8% [4] - Entertainment revenues reached $98.18 million, exceeding the estimated $92.59 million, with an 11.7% year-over-year increase [4] - Room revenues were $187.30 million, slightly below the estimated $191.35 million, representing a 2% decrease year-over-year [4] - Food and beverage revenues were $221.52 million, compared to the estimated $231.43 million, reflecting a 2.9% year-over-year increase [4] - Other hotel revenue was $140.62 million, slightly below the estimated $141.35 million, with a year-over-year increase of 1.3% [4] - Net Earnings Per Share (Diluted) was $1.13, compared to the average estimate of $1.15 [4] Stock Performance - Ryman Hospitality Properties' shares returned -0.3% over the past month, while the Zacks S&P 500 composite increased by 2.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

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].

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 ...

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 ...

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 ...

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 ...

- 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 ...

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 ...

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 ...