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Ryman Hospitality Properties, Inc. Declares Third Quarter Dividend and Corrects Methodology for Calculating Funds from Operations (“FFO”) per Diluted Share and Adjusted FFO per Diluted Share
Ryman Hospitality PropertiesRyman Hospitality Properties(US:RHP) GlobeNewswire News Room·2024-09-04 20:30

Core Points - Ryman Hospitality Properties, Inc. 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 [1] - The company has corrected its methodology for calculating funds from operations (FFO) per diluted share and adjusted FFO per diluted share, resulting in slightly higher figures for affected periods [2][3] - The corrected methodology will be used for future calculations and will also impact the full year 2024 adjusted FFO per diluted share guidance, which is expected to be slightly higher [2] 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 [5] - The company's portfolio includes five of the top seven largest non-gaming convention center hotels in the U.S., managed by Marriott International, totaling 11,414 rooms and over 3 million square feet of meeting space [5] - Ryman also owns a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [5]