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Red Rock Resorts Announces First Quarter 2025 Results
Prnewswireยท 2025-05-01 20:01
Core Viewpoint - Red Rock Resorts, Inc. reported financial results for the first quarter of 2025, showing growth in net revenues, net income, and adjusted EBITDA compared to the same period in 2024 [1][10]. Financial Performance - Net revenues for the first quarter of 2025 were $497.9 million, an increase of 1.8% or $9.0 million from $488.9 million in the same period of 2024 [10]. - Net income for the first quarter of 2025 was $86.0 million, reflecting a 9.7% increase or $7.6 million from $78.4 million in the same period of 2024 [10]. - Adjusted EBITDA for the first quarter of 2025 was $215.1 million, up 2.8% or $5.9 million from $209.1 million in the same period of 2024 [10]. Las Vegas Operations - Net revenues from Las Vegas operations were $495.0 million for the first quarter of 2025, an increase of 1.9% or $9.4 million from $485.6 million in the same period of 2024 [10]. - Adjusted EBITDA from Las Vegas operations was $235.9 million for the first quarter of 2025, an increase of 2.7% or $6.1 million from $229.8 million in the same period of 2024 [10]. Balance Sheet Highlights - As of March 31, 2025, the company's cash and cash equivalents were $150.6 million, and total principal amount of debt outstanding was $3.4 billion [3]. Dividends - The Board of Directors declared a cash dividend of $0.25 per Class A common share for the second quarter of 2025, payable on June 30, 2025 [4]. - A special dividend of $1.00 per Class A common share was also declared, payable on May 21, 2025 [6]. Conference Call - The company hosted a conference call to discuss its financial results, providing an opportunity for stakeholders to engage with management [8].
SL Green(SLG) - 2024 Q4 - Earnings Call Transcript
2025-01-23 20:00
SL Green Realty (SLG) Q4 2024 Earnings Call January 23, 2025 02:00 PM ET Company Participants Marc Holliday - Interim President, Chairman & CEONicholas Yulico - Managing DirectorMatthew Diliberto - CFOSteven Durels - Executive VP & Director of Leasing & Real PropertyAlexander Goldfarb - Managing DirectorHarrison Sitomer - Chief Investment OfficerJohn Kim - Managing Director - US Real EstateJeffrey Spector - Managing DirectorAnthony Paolone - Executive DirectorRonald Kamdem - Managing Director & Head of US R ...