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Ryman Hospitality Properties, Inc. Announces Closing of Upsized Common Stock Offering and Full Exercise of Underwriters' Over-Allotment Option
GlobeNewswire News Room· 2025-05-21 14:35
Core Viewpoint - Ryman Hospitality Properties, Inc. has successfully closed an upsized public offering of 2,990,000 shares of common stock, raising approximately $275 million to fund a portion of the acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa [1][3][4] Group 1: Offering Details - The shares were sold at a public price of $96.20 per share, including 390,000 shares from the underwriters' option exercised on May 20, 2025 [1] - The offering was managed by Morgan Stanley, BofA Securities, J.P. Morgan, and Wells Fargo Securities as joint book-running managers, with additional bookrunners including Deutsche Bank Securities and others [2] Group 2: Use of Proceeds - The net proceeds from the offering will be contributed to RHP Hotel Properties, LP, which will use the funds to cover part of the $865 million purchase price for the Desert Ridge Acquisition [3] - The remaining purchase price will be funded through cash on hand and proceeds from a private placement of $625 million in senior notes, expected to yield approximately $614 million after expenses [4] Group 3: Company Overview - Ryman Hospitality Properties, Inc. is a leading real estate investment trust specializing in upscale convention center resorts and entertainment experiences, managing a portfolio that includes five of the largest non-gaming convention center hotels in the U.S. [6] - The company also has a controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [6]
Zscaler: Execution Is Catching Up To Valuation (Rating Upgrade)
Seeking Alpha· 2025-05-21 13:45
Zscaler (NASDAQ: ZS ) continues to gain momentum as one of the leading cloud native cybersecurity providers in the world. They currently leverage a Zero Trust architecture that helps enterprises secure users, apps, and systems across increasingly complex IT environments. The company'sHello and welcome to my Seeking Alpha page. My name is Jack Elias, and I am a dedicated business student with a fervent passion for the world of investing. With a solid foundation in both theoretical knowledge and practical exp ...
3 Brilliant REIT Stocks to Buy Now and Hold for the Long Term
The Motley Fool· 2025-05-21 08:27
These stocks make it easier for individuals to participate in the real estate markets, a tried and true wealth builder. Land symbolized wealth and prosperity in humankind's earliest times, long before the stock market existed. That hasn't changed much. Real estate is a timeless asset and continues to generate fortunes for people today. The difference now is that you don't need to start with lots of money and know-how to benefit from owning properties. Instead, you can invest in real estate investment trusts ...
STAG Industrial: Consistent Dividend Income From A Quality REIT
Seeking Alpha· 2025-05-20 18:26
Group 1 - STAG Industrial, Inc. (NYSE: STAG) is rated a Buy for income-focused investors interested in real estate investment trusts (REITs) [1] - The market price of STAG was negatively impacted during the post-April tariff war but has been on the rise since then [1] Group 2 - The author, David A. Johnson, has over 30 years of investment experience and holds advanced degrees in finance and business administration [1]
8-12% Yielding REITs: One To Buy, One To Avoid (It May Cut)
Seeking Alpha· 2025-05-20 13:15
Group 1 - Real estate investment trusts (REITs) have shown increased volatility since the onset of COVID-19, initially experiencing a significant decline alongside other asset classes [1] - Following the initial downturn, the REIT sector has seen a notable recovery [1] Group 2 - Roberts Berzins has over ten years of experience in financial management, focusing on helping top-tier corporates with financial strategies and large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - His policy-level work includes developing national state-owned enterprise (SOE) financing guidelines and frameworks for channeling private capital into affordable housing [1]
Trump's Trade Deals Could Trigger A REIT Boom
Seeking Alpha· 2025-05-20 12:15
Join Now to Access Our Top Picks for June 2025! President Trump just announced that the US and China have come to an agreement to materially reduce tariff rates for the next 90 days to give each other enough time to negotiate a new trade agreement. Our approach has earned us 500+ five-star reviews from satisfied members who are already seeing the benefits. Don't miss out—join now and start maximizing your returns! Your timing is perfect! We've just released our latest top investment picks, and by joining to ...
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].
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]