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Ryman Hospitality Properties, Inc. Announces Upsizing and Pricing of Common Stock Offering
Globenewswire· 2025-05-20 02:00
Core Viewpoint - Ryman Hospitality Properties, Inc. has announced an upsized public offering of common stock to fund a portion of the acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa, with the offering size increased from 2.3 million shares to 2.6 million shares at a price of $96.20 per share [1][2]. Group 1: Offering Details - The offering will consist of 2,600,000 shares of common stock, with an additional 30-day option for underwriters to purchase up to 390,000 more shares [1]. - The expected closing date for the offering is around May 21, 2025, subject to customary closing conditions [1]. - The offering is being conducted under the Company's shelf registration statement on Form S-3, which became effective on June 5, 2023 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be contributed to RHP Hotel Properties, LP, and will primarily fund a portion of the approximately $865 million purchase price for the Desert Ridge Acquisition [2]. - Any remaining funds from the offering will be allocated for general corporate purposes if the Desert Ridge Acquisition does not close [2]. Group 3: Underwriters - Morgan Stanley, BofA Securities, J.P. Morgan, and Wells Fargo Securities are acting as active joint book-running managers for the offering [3]. - Other bookrunners include Deutsche Bank Securities, BTIG, Credit Agricole CIB, Scotiabank, SMBC Nikko, and Raymond James [3]. Group 4: 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 [6]. - The Company owns several major properties, including Gaylord Opryland Resort & Convention Center and JW Marriott San Antonio Hill Country Resort & Spa, totaling 11,414 rooms and over 3 million square feet of meeting space [6][7].
This Stock Is Up Over 8,400% Since Its IPO. Here's Why It's Still a Buy.
The Motley Fool· 2025-05-18 08:05
Real estate investment trusts (REITs) do not typically deliver the level of excitement or returns reminiscent of some tech growth stocks. Instead, they usually focus on offering a steady stream of dividends to attract investors seeking income or wealth preservation.That is also the case with Realty Income (O 1.63%), though investors should also take note of its growth potential. Thanks to steadily rising stock prices and dividends, investors who bought at the 1994 IPO have earned total returns exceeding 8,4 ...
REITIR: Uppgjör fyrstu þriggja mánaða ársins 2025
Globenewswire· 2025-05-15 17:37
Góður tekjuvöxtur í kjölfar kröftugrar fjárfestingar á liðnu ári Rekstur Reita á fyrstu þremur mánuðum ársins 2025 var góður og í takti við útgefnar horfur um afkomu. Rekstrarhagnaður fyrir matsbreytingu nam 2.801 m.kr. og eykst um 187 m.kr milli ára eða 10,2%. Tekjur fjórðungsins voru 4.305 m.kr. sem er aukning um 384 m.kr. eða 9,8% og er sá vöxtur drifinn af verulegri fjárfestingu félagsins á liðnu ári, þar á meðal í markvissum eignakaupum, auk verðlagsbreytinga leigusamninga. Félagið fjárfesti fyrir um ...
Logistic Properties of the Americas(LPA) - 2025 Q1 - Earnings Call Transcript
2025-05-15 14:02
Logistic Properties of the Americas (LPA) Q1 2025 Earnings Call May 15, 2025 09:00 AM ET Company Participants Camilo Ulloa - Investor RelationsEsteban Saldarriaga - CEOPaul Smith - CFOAndre Mazini - Head of Latam Research Operator Good morning, and welcome to LPA's First Quarter twenty twenty five Earnings Conference Call. My name is Audra, and I will be your operator for today's call. At this time, all participants are in a listen only mode. And please note that this call is being recorded. There will be a ...
Shopify: Great Execution, Sky High Valuation
Seeking Alpha· 2025-05-15 01:30
Group 1 - Shopify (NASDAQ: SHOP) reported strong results in Q1 of FY25, with significant year-over-year increases in revenue and operating income [1] - The company is effectively executing its long-term growth strategy, which includes expanding its offerings [1] Group 2 - The article does not provide any additional relevant content regarding the industry or company beyond the performance of Shopify [2][3]
Starwood Property Q1: Expected To Grow In 2025
Seeking Alpha· 2025-05-14 23:26
I rate Starwood Property Trust, Inc. (NYSE: STWD ) a Strong Buy, for income-focused investors interested in real estate investment trusts (REITs). The REIT is a hybrid in that it focuses on mortgages and lending but alsoDavid A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private ...
Zacks Initiates Coverage of CBL With Neutral Recommendation
ZACKS· 2025-05-14 17:05
Core Viewpoint - Zacks Investment Research has initiated coverage of CBL & Associates Properties, Inc. with a "Neutral" recommendation, reflecting a mixed outlook for the company amid industry challenges [1] Company Overview - CBL is a self-managed, integrated REIT based in Chattanooga, TN, focusing on the ownership, development, acquisition, leasing, management, and operation of regional shopping malls and commercial properties [2] - As of December 31, 2024, CBL owned interests in 87 properties, including 45 malls, 27 open-air centers, five outlet centers, five lifestyle centers, and five other properties across 21 states, primarily in the southeastern and midwestern United States [2] Financial Performance - In Q1 2025, CBL signed leases for 575,000 square feet, achieving an average rent uplift of 21.5%, with occupancy improving to 90.4% [3] - The company reported a stable quarterly adjusted FFO of $1.50 per share and reaffirmed full-year guidance of $6.98–$7.34 per share, indicating earnings visibility [3] - CBL reduced its net debt by $60 million year over year, with total net debt at $2.15 billion as of March 2025 [4] - The maturity of its secured term loan has been extended to November 2026, with potential for further extension through 2027 [4] Growth Drivers - Strategic asset sales in Q1 2025 totaled $73.3 million, including properties like Monroeville Mall and Imperial Valley Mall, resulting in $21.5 million in gains while reducing debt [5] - The stock offers an annualized dividend yield of 12.5% to 13.3%, supported by 18.28% dividend growth, appealing to income-focused investors [5] Market Positioning - CBL's stock has outperformed industry peers and the broader market over the past year, currently trading at low valuation multiples relative to industry standards [7] - The stock reflects investor caution regarding refinancing risk, tenant pressures, and sector headwinds, but this discount may present upside for value-focused investors seeking high yield and turnaround potential [7]
1 REIT To Sell And 1 New REIT Opportunity To Buy
Seeking Alpha· 2025-05-14 12:15
Group 1 - The recovery in the REIT market has been uneven, with some REITs more than doubling in value while others have not benefited at all [1] - The REIT market (VNQ) has shown significant recovery since late 2023 [1] Group 2 - The company invests thousands of hours and over $100,000 annually into researching profitable investment opportunities [2] - The approach has garnered over 500 five-star reviews from satisfied members [2]
Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2025
Globenewswire· 2025-05-13 10:30
Core Viewpoint - Sotherly Hotels Inc. reported strong financial results for Q1 2025, with significant increases in net income and total revenues compared to the same period in 2024, despite some challenges in the hotel industry. Financial Performance - Total revenues for Q1 2025 were approximately $48.3 million, up from approximately $46.5 million in Q1 2024, representing a growth of 3.8% [2][3] - Net income attributable to common stockholders increased from a loss of approximately $0.7 million in Q1 2024 to income of approximately $2.7 million in Q1 2025, a change of about $3.4 million [2][3] - EBITDA for Q1 2025 was approximately $15.0 million, compared to approximately $10.8 million in Q1 2024, marking a significant increase [2][3] Key Operating Metrics - RevPAR for the composite portfolio increased by 5.0% to $129.74 in Q1 2025 from $123.59 in Q1 2024, driven by a 3.9% increase in occupancy to 68.8% [2][3] - Hotel EBITDA rose to approximately $12.9 million in Q1 2025, up from approximately $12.4 million in Q1 2024, reflecting a 4.5% increase [2][3] Balance Sheet and Liquidity - As of March 31, 2025, the company had approximately $32.8 million in available cash, with $21.3 million reserved for various expenses [5] - The company had outstanding debt of approximately $317.6 million at a weighted average interest rate of 5.88% [5] 2025 Outlook - The company provided guidance for 2025, projecting total revenues between $183.4 million and $188.2 million, with a net loss attributable to common stockholders ranging from $8.7 million to $7.8 million [6] - The guidance reflects macroeconomic uncertainties and potential volatility in hotel demand [6] Preferred Dividends - The company announced quarterly cash dividends for its preferred stock series, with payments scheduled for June 16, 2025 [3]
Realty Income Announces 659th Consecutive Common Stock Monthly Dividend
Prnewswire· 2025-05-12 20:05
Company Overview - Realty Income Corporation, known as "The Monthly Dividend Company®," has declared its 659th consecutive common stock monthly dividend of $0.2685 per share, which annualizes to $3.222 per share, payable on June 13, 2025 [1] - As of March 31, 2025, Realty Income has a diversified portfolio of over 15,600 properties across all 50 U.S. states, the U.K., and six other European countries [2] - The company has been recognized as a member of the S&P 500 Dividend Aristocrats® index for increasing its dividend for over 30 consecutive years [2] Dividend Information - The declared monthly dividend of $0.2685 per share reflects the company's commitment to delivering dependable monthly dividends that increase over time [1][2] - The dividend is payable to stockholders of record as of June 2, 2025, demonstrating the company's ongoing financial stability and commitment to its shareholders [1]