Welcome to our dedicated page for Ryman Hospitality Properties news (Ticker: RHP), a resource for investors and traders seeking the latest updates and insights on Ryman Hospitality Properties stock.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading real estate investment trust specializing in upscale convention center resorts and country music entertainment experiences. The company's core assets include the Gaylord Opryland Resort & Convention Center, Gaylord Palms Resort & Convention Center, Gaylord Texan Resort & Convention Center, Gaylord National Resort & Convention Center, and Gaylord Rockies Resort & Convention Center. These properties are among the largest non-gaming convention center hotels in the United States, featuring extensive meeting spaces and luxurious accommodations.
Ryman Hospitality Properties operates through three main segments: Hospitality, which includes Gaylord Hotels properties, the Inn at Opryland, and the AC Hotel; Entertainment, encompassing entities like the Grand Ole Opry, Ryman Auditorium, WSM-AM, and the Circle media network; and Corporate and Other, which covers corporate expenses.
The company's Hospitality segment, managed by Marriott International, comprises a portfolio with over 11,414 rooms and more than 3 million square feet of indoor and outdoor meeting space, perfectly suited for both business and leisure travelers. In addition to its renowned resorts, Ryman Hospitality Properties holds a controlling interest in the Opry Entertainment Group, which includes iconic brands such as the Grand Ole Opry and the Ryman Auditorium.
Recent developments include the company's participation in a conference call on May 9, 2024, to discuss financial results and other updates. For those interested, the call will be available for replay and can be accessed online at Ryman Hospitality Properties' Investor Relations website.
For career opportunities, interested individuals can visit rymanhp.com/careers for positions within Ryman Hospitality Properties, the Grand Ole Opry, WSM, and the Ryman Auditorium. Opportunities at Gaylord Hotels nationwide can be found on the Marriott International and Gaylord Hotels LinkedIn pages.
Ryman Hospitality Properties (RHP) reported record Q3 2024 results with net income of $60.4 million and consolidated revenue of $550.0 million. The company achieved record third quarter same-store Hospitality operating income of $92.8 million and Adjusted EBITDAre of $142.0 million. During Q3, RHP booked over 581,000 same-store room nights at an ADR of $282, up 5.2% YoY. However, the company revised its 2024 guidance lower due to leisure transient softness in Nashville and Orlando, Hurricane Milton disruption, and capital investment projects. The quarterly dividend was increased by 4.5% to $1.15 per share.
Ryman Hospitality Properties, Inc. (NYSE: RHP), a prominent lodging and hospitality real estate investment trust, has released an updated investor presentation prior to its participation in the Bank of America Securities 2024 Global Real Estate Conference. The company, which specializes in upscale convention center resorts and entertainment experiences, has made the presentation available on the Investor Relations section of its website under Events & Presentations. This update provides investors with the latest information about Ryman's business strategy, performance, and outlook ahead of the significant industry event.
Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT specializing in upscale convention center resorts and entertainment experiences, has announced its third quarter 2024 earnings conference call. The call is scheduled for Tuesday, November 5, 2024, at 11:00 a.m. ET. The company will release its Q3 2024 earnings results after market close on Monday, November 4, 2024.
To participate in the conference call, investors can dial 800-267-6316 using conference ID: RHPQ324. A replay will be available through November 12, 2024, by dialing 800-839-5685. The call will also be webcast on Ryman Hospitality Properties' Investor Relations website at http://ir.rymanhp.com.
Ryman Hospitality Properties (NYSE: RHP) 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. The company has also corrected its methodology for calculating FFO and adjusted FFO per diluted share, resulting in slightly higher figures for affected periods. This correction does not impact GAAP reporting or previously reported FFO and adjusted FFO figures. The new methodology will be used for future announcements and is expected to result in a slightly higher calculation for full year 2024 adjusted FFO per diluted share guidance. The correction involves additional adjustments related to the proportional FFO or adjusted FFO attributable to the noncontrolling interest in the consolidated joint venture.
Ryman Hospitality Properties (NYSE: RHP) reported record financial results for Q2 2024.
Key highlights include:
- Net income: $104.7 million, up 49.3% YoY.
- Revenue: $613.3 million, up 21.5% YoY.
- Operating income: $168.1 million, up 37.5% YoY.
- Adjusted EBITDAre: $233.2 million, up 33.5% YoY.
- Significant tax refunds of $9.1 million from Tennessee franchise tax law amendment.
- Refinanced Opry Entertainment Group’s term loan and revolving credit facility, extending maturity dates by two years.
- Record bookings of 781,000 same-store Gross Definite Room Nights for future years.
Guidance for 2024 has been raised for net income, operating income, Adjusted EBITDAre, and adjusted funds from operations (AFFO), primarily due to tax refund benefits and interest expense savings from refinancing.
Ryman Hospitality Properties (NYSE: RHP) reported record second quarter 2024 financial results. Key highlights include:
- Net income of $104.7 million, up 49.3% YoY.
- Record consolidated revenue of $613.3 million, a 21.5% increase YoY.
- Adjusted EBITDAre of $233.2 million, up 33.5% YoY.
The company booked over 781,000 same-store Gross Definite Room Nights at a record ADR of $284, a 7.3% increase from Q2 2023. It refinanced Opry Entertainment Group’s loans, saving on interest expenses. Guidance for 2024 was raised, reflecting tax savings and refinancing benefits, with projected net income between $284.3 million to $287.5 million and Adjusted EBITDAre between $775.5 million to $790.5 million.
Ryman Hospitality Properties (NYSE: RHP) will present at the 2024 REITweek Conference on June 4, 2024, at 2:15 p.m. ET in New York, NY. The presentation will be led by CEO Mark Fioravanti in an analyst-led roundtable discussion, along with CFO Jennifer Hutcheson and VP of Investor Relations Sarah Martin. The event will be webcasted and accessible via the company's investor relations website, with a replay available for 60 days.
Ryman Hospitality Properties (NYSE: RHP) will release its Q2 2024 earnings results on July 31, 2024, after market close.
The management will discuss these results via a conference call on August 1, 2024, at 11:00 a.m. ET. Interested parties can participate by dialing 800-225-9448 using the conference ID: RHPQ224. The replay will be available until August 8, 2024, at 800-753-9134 without a conference ID.
The call will also be webcast live and accessible through the company's Investor Relations website.
Ryman Hospitality Properties, Inc. has declared a second quarter dividend of $1.10 per share of common stock to be paid on July 15, 2024. The dividend was authorized by the Board of Directors and will benefit stockholders of record as of June 28, 2024.
Ryman Hospitality Properties, Inc. reported solid first quarter 2024 financial results with net income of $42.8 million and revenue of $528.3 million. The company prepaid its Rockies Term Loan and increased its full-year guidance. Despite some transient demand softness, the company remains confident in its long-term growth outlook.
FAQ
What is the current stock price of Ryman Hospitality Properties (RHP)?
What is the market cap of Ryman Hospitality Properties (RHP)?
What does Ryman Hospitality Properties specialize in?
What are the main segments of Ryman Hospitality Properties' business?
What are some of the key properties owned by Ryman Hospitality Properties?
Who manages Ryman Hospitality Properties' hotel portfolio?
Where can potential employees find career opportunities with Ryman Hospitality Properties?
What iconic brands are part of the Opry Entertainment Group?
How can investors access the company's conference calls?
What is the significance of the company's Hospitality segment?
When did Ryman Hospitality Properties merge with Gaylord Entertainment Company?
What is the ticker symbol for Ryman Hospitality Properties?
