RHP
Ryman Hospitality Properties, Inc.97.48
-1.33-1.35%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.14BP/E (TTM)
25.79Basic EPS (TTM)
3.78Dividend Yield
0.05%Recent Filings
8-K
10-Q
Q3 FY2025 results
Ryman Hospitality Properties posted solid Q3 FY2025 results, with total revenues climbing 7.7% year-over-year to $592.5M, fueled by the June acquisition of JW Marriott Desert Ridge and Entertainment segment gains from new venues like Category 10. Hospitality revenues rose 7.2% to $500.9M, though same-store RevPAR dipped 0.9% amid softer group bookings and construction at Gaylord Opryland; operating income there fell 15.3% to $87.1M as expenses climbed 13.6% on inflation and the new property. Entertainment revenues jumped 10.5% to $91.6M, with operating income holding at $11.8M despite higher costs. Diluted EPS dropped 43.6% to $0.53 on elevated interest expense up 18.9% to $64.9M from added debt, while operating cash flow for the nine months hit $426.0M and free cash flow (derived) reached $173.9M after $252.1M in capex. The $865M Desert Ridge buy closed June 10 for cash and stock, adding $747.4M to property assets with no goodwill noted. Debt stands at $4.0B including the new $625M 6.50% notes due 2033, with $483.3M cash and full revolver availability. Yet macroeconomic uncertainty is curbing near-term group bookings.
8-K
RHP Q3 revenue up, income down
Ryman Hospitality Properties posted Q3 2025 revenue of $592.5 million, up 7.7% year-over-year, but net income fell 43.8% to $34.0 million amid tariff uncertainty and group mix shifts that trimmed banquet revenue. Adjusted EBITDAre dipped 1.0% to $173.1 million, yet future bookings hit a record 667,000 room nights at $291 ADR, signaling rebound. Opry Entertainment eyes Vegas expansion in late 2026. Guidance narrows with lower Entertainment midpoint due to Nashville competition.
8-K
Quarterly dividend declared
Ryman Hospitality Properties declared a quarterly cash dividend of $1.15 per common share on September 17, 2025, payable October 15 to shareholders of record September 30—matching the prior three payouts this year. Its subsidiary RHP Hotel Properties issued a parallel $1.15 per OP Unit distribution on the same terms. This steady yield signals reliable cash flow from hospitality assets. Yet pension plan ties add a regulatory layer.
8-K
Ryman appoints REIT veteran to board
Ryman Hospitality Properties expanded its board from nine to ten directors, appointing veteran REIT executive H. Eric Bolton Jr., effective August 7, 2025. Bolton, who led Mid-America Apartment Communities for over 20 years and now serves as its Executive Chairman, joins the Audit and Risk Committees as an independent director. His expertise in scaling operations and navigating economic cycles bolsters Ryman's growth strategy. No other arrangements tie to his appointment.
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