Declared Dividend • May 11
First quarter dividend of US$1.20 announced Shareholders will receive a dividend of US$1.20. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 4.3%, which is about the same as the industry average. Announcement • May 09
Ryman Hospitality Properties, Inc. announces Quarterly dividend, payable on July 15, 2026 Ryman Hospitality Properties, Inc. announced Quarterly dividend of USD 1.2000 per share payable on July 15, 2026, ex-date on June 30, 2026 and record date on June 30, 2026. Live News • May 04
Ryman Hospitality Properties Lifts 2026 Outlook as Group Bookings Drive Record Growth Ryman Hospitality Properties reported Q1 2026 revenue of $664.6 million, up 13.2% year over year, with earnings per share of $2.32, more than double last year.
Hospitality segment revenue was up 17.6%, supported by higher same-store ADR and nearly 27% growth in group room bookings, while entertainment revenue saw an 11.6% decline.
Funds from operations reached $156.1 million and full-year FFO per share guidance was raised to a range of $8.77 to $9.14, alongside a $700 million senior notes issuance to refinance and extend debt maturities.
For investors, the story centers on Ryman’s large group-focused hotel portfolio. Strong ADR and group bookings indicate robust demand for its convention and corporate business, which contributed to record adjusted EBITDA at key properties such as Gaylord Opryland, Gaylord Rockies, Gaylord Palms and JW Marriott Desert Ridge. At the same time, the entertainment segment is softer, with an 11.6% revenue decline, which management is addressing by expanding the Ole Red concept, including a planned seventh location in downtown Indianapolis targeted for late 2027.
The balance sheet move, issuing $700 million of senior unsecured notes due 2034 to redeem 2027 notes, extends the company’s debt runway and keeps liquidity in focus. With higher full-year FFO guidance and analysts expressing confidence in the quality of the asset base and business approach, the update provides a clearer picture of how Ryman is emphasizing its group-lodging strength while aiming to reinvigorate entertainment over the coming years. Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$1.12 (up from US$1.05 in 1Q 2025). Revenue: US$664.6m (up 13% from 1Q 2025). Net income: US$70.5m (up 12% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 03
Ryman Hospitality Properties, Inc., Annual General Meeting, May 07, 2026 Ryman Hospitality Properties, Inc., Annual General Meeting, May 07, 2026. Upcoming Dividend • Mar 24
Upcoming dividend of US$1.20 per share Eligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Trailing yield: 5.3%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (5.3%). Announcement • Mar 12
Ryman Hospitality Properties, Inc. to Report Q1, 2026 Results on Apr 30, 2026 Ryman Hospitality Properties, Inc. announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Declared Dividend • Feb 26
Fourth quarter dividend of US$1.20 announced Shareholders will receive a dividend of US$1.20. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 4.6%, which is higher than the industry average of 4.3%. Reported Earnings • Feb 24
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: FFO per share: US$8.3. Revenue: US$2.57b (up 9.7% from FY 2024). Funds from operations (FFO): US$510.6m (up 2.1% from FY 2024). FFO margin: 20% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Hotel and Resort REITs industry in the US. Upcoming Dividend • Dec 24
Upcoming dividend of US$1.20 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (5.4%). Announcement • Dec 11
Ryman Hospitality Properties, Inc. to Report Q4, 2025 Results on Feb 23, 2026 Ryman Hospitality Properties, Inc. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Declared Dividend • Dec 08
Third quarter dividend increased to US$1.20 Dividend of US$1.20 is 4.3% higher than last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.3%. Announcement • Dec 05
Ryman Hospitality Properties, Inc. Declares Fourth Quarter Cash Dividend, Payable on January 15, 2026 Ryman Hospitality Properties, Inc. announced that the Board of Directors has authorized, and the Company has declared a fourth quarter cash dividend of $1.20 per share of common stock, to be paid on January 15, 2026, to stockholders of record as of December 31, 2025. Recent Insider Transactions • Nov 12
Executive Chairman recently bought US$829k worth of stock On the 7th of November, Colin Reed bought around 9k shares on-market at roughly US$92.16 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Colin has been a buyer over the last 12 months, purchasing a net total of US$3.3m worth in shares. Reported Earnings • Nov 04
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.55 (down from US$0.98 in 3Q 2024). Revenue: US$592.5m (up 7.7% from 3Q 2024). Net income: US$34.9m (down 41% from 3Q 2024). Profit margin: 5.9% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Ryman Hospitality Properties, Inc. Narrowes Consolidated Earnings Guidance for the Full Year 2025 Ryman Hospitality Properties, Inc. narrowed consolidated earnings guidance for the Full Year 2025. For the year, the company expects Consolidated operating income to be in the range of $462.3 million to $475.8 million of midpoint $469.0 million compared to previous guidance of $461.8 million to $482.3 million of midpoint of $472.0 million. Net income to be in the range of $227.0 million to $235.5 million of midpoint $231.3 million compared to previous guidance of $225.8 million to $236.8 million of midpoint of $231.3 million. Net income available to common stockholders per diluted share to be in the range of $3.41 to $3.53 of midpoint $3.47 compared to previous guidance of $3.40 to $3.55 of midpoint of $3.47. Same-store Hospitality Total RevPAR growth to be in the range of 1.00% to 3.00% of midpoint 2.00% compared to previous guidance of 0.75% to 3.25% of midpoint of 2.00%. Narrowing the range of expectations for full year 2025 outlook, including modestly lowering the midpoint for the Entertainment segment due to the impact of new supply of live entertainment venues in downtown Nashville. Demand for country music and Nashville-based tourism remains robust, and iconic brands and experiences continue to resonate with consumers in the United States and abroad. Declared Dividend • Sep 21
Second quarter dividend of US$1.15 announced Shareholders will receive a dividend of US$1.15. Ex-date: 30th September 2025 Payment date: 15th October 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.3%. Announcement • Sep 18
Ryman Hospitality Properties, Inc. Declares Third Quarter Dividend, Payable on October 15, 2025 Ryman Hospitality Properties, Inc. announced that the Board of Directors has authorized, and the Company has declared a third quarter cash dividend of $1.15 per share of common stock, to be paid on October 15, 2025, to stockholders of record as of September 30, 2025. Announcement • Aug 29
Ryman Hospitality Properties, Inc. to Report Q3, 2025 Results on Nov 03, 2025 Ryman Hospitality Properties, Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Recent Insider Transactions • Aug 14
Executive Chairman recently bought US$820k worth of stock On the 13th of August, Colin Reed bought around 9k shares on-market at roughly US$95.21 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Colin has been a buyer over the last 12 months, purchasing a net total of US$2.4m worth in shares. Announcement • Aug 08
Ryman Hospitality Properties, Inc. Appoints Eric Bolton to Its Board of Director, Effective August 7, 2025 Ryman Hospitality Properties, Inc. announced that veteran REIT executive Eric Bolton has been appointed to its Board of Directors (the “Board”), effective today. Mr. Bolton has served as Executive Chairman of the Board of Directors of MAA since April 2025. From October 2001 to March 31, 2025, he served as CEO of MAA. Mr. Bolton continues to serve as Chairman of the Board of MAA, a position he has held since September 2002. Mr. Bolton obtained his B.B.A. from the University of Memphis
and his MBA from the University of North Texas. Mr. Bolton also serves on the Board of Directors of EastGroup Properties. He is a member of the Advisory Board of Governors of the National Association of Real Estate Investment Trusts. In connection with Mr. Bolton’s appointment to the Board, the size of the Board will increase from nine (9) directors to ten (10) directors, effective as of today. Prior to his appointment, the Board was comprised of Rachna Bhasin, Founder/CEO, EQ PartnersAlvin Bowles Jr., Partner, Alpha AI Mark Fioravanti, President & Chief Executive Officer, Ryman Hospitality Properties, Inc. William E. Haslam, Private Investor and Former Governor of Tennessee Erin Helgren, Chief Executive Officer of Office Space Software Inc. Christine Pantoya, Chief Revenue Officer, Kiswe Mobile Inc. Robert Prather Jr., President & CEO, Heartland Media, LLC Colin Reed, Executive Chairman, Ryman Hospitality Properties, Inc. Michael Roth, Former Chairman and CEO, The Interpublic Group of Companies, Inc. Reported Earnings • Aug 05
Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2025 results: EPS: US$1.17 (down from US$1.68 in 2Q 2024). Revenue: US$659.5m (up 7.5% from 2Q 2024). Net income: US$71.8m (down 29% from 2Q 2024). Profit margin: 11% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of US$1.15 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Trailing yield: 4.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (5.9%). Announcement • Jun 13
Ryman Hospitality Properties, Inc. to Report Q2, 2025 Results on Aug 04, 2025 Ryman Hospitality Properties, Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Recent Insider Transactions • Jun 11
Executive Chairman recently bought US$810k worth of stock On the 9th of June, Colin Reed bought around 8k shares on-market at roughly US$96.92 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Colin has been a buyer over the last 12 months, purchasing a net total of US$2.4m worth in shares. Declared Dividend • May 12
First quarter dividend of US$1.15 announced Shareholders will receive a dividend of US$1.15. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Announcement • May 09
Ryman Hospitality Properties, Inc. Declares Dividend for the Second Quarter of 2025, Payable on July 15, 2025 Ryman Hospitality Properties announced that the Board of Directors has authorized, and the Company has declared a second quarter 2025 cash dividend of $1.15 per share of common stock, to be paid on July 15, 2025, to stockholders of record as of June 30, 2025. Reported Earnings • May 02
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: FFO per share: US$2.1 (up from US$1.67 in 1Q 2024). Revenue: US$587.3m (up 11% from 1Q 2024). Funds from operations (FFO): US$122.9m (up 25% from 1Q 2024). FFO margin: 21% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 55%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Ryman Hospitality Properties, Inc. Affirms Consolidated Earnings Guidance for the Year 2025 Ryman Hospitality Properties, Inc. affirmed consolidated earnings guidance for the year 2025. For the year, the company expects Consolidated operating income of $461.7 Million - $490.3 Million. Net income of $245.3 Million - $261.0 Million, and Net income available to common stockholders per diluted share of $3.80 - $4.05. Announcement • Apr 07
Ryman Hospitality Properties, Inc., Annual General Meeting, May 08, 2025 Ryman Hospitality Properties, Inc., Annual General Meeting, May 08, 2025. Announcement • Apr 01
Ryman Hospitality Properties, Inc. to Report Q1, 2025 Results on May 01, 2025 Ryman Hospitality Properties, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Upcoming Dividend • Mar 24
Upcoming dividend of US$1.15 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 15 April 2025. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.7%). Lower than average of industry peers (5.7%). Announcement • Mar 20
Ryman Hospitality Properties, Inc. Announces Resignation of Fazal F. Merchant as A Member of the Board and as A Member of the Audit Committee of the Board and of the Risk Committee of the Board On March 17, 2025, the Board of Directors (the “Board”) of Ryman Hospitality Properties, Inc. (the “Company”) accepted the resignation of Fazal F. Merchant as a member of the Board and as a member of the Audit Committee of the Board and of the Risk Committee of the Board, effective immediately. Mr. Merchant, in accordance with the Company’s Corporate Governance Guidelines, tendered his resignation in connection with his acceptance of a new position with Wiz, Inc. and not as the result of any disagreement with the Company. In connection with Mr. Merchant’s resignation and in recognition of his service and contributions to the Company, the Board approved the payment of Mr. Merchant’s quarterly cash compensation for the quarterly period ending March 31, 2025, as well as the accelerated vesting of 1,187 outstanding and unvested restricted stock units previously granted to Mr. Merchant under the Company’s 2024 Omnibus Incentive Plan. The restricted stock units were scheduled to vest entirely on May 9, 2025. Effective with the Board’s acceptance of Mr. Merchant’s resignation, the Board approved a reduction in the size of the Board from ten (10) members to nine (9) members. Recent Insider Transactions • Mar 03
Executive Chairman recently bought US$803k worth of stock On the 26th of February, Colin Reed bought around 8k shares on-market at roughly US$97.54 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Colin has been a buyer over the last 12 months, purchasing a net total of US$3.1m worth in shares. Major Estimate Revision • Feb 28
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$5.04 to US$4.04 per share. Revenue forecast steady at US$2.41b. Net income forecast to shrink 1.3% next year vs 13% decline forecast for Hotel and Resort REITs industry in the US. Consensus price target broadly unchanged at US$124. Share price was steady at US$98.89 over the past week. Declared Dividend • Feb 25
Fourth quarter dividend of US$1.15 announced Shareholders will receive a dividend of US$1.15. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 4.6%, which is higher than the industry average of 4.3%. Reported Earnings • Feb 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$4.54 (down from US$5.39 in FY 2023). Revenue: US$2.34b (up 8.7% from FY 2023). Net income: US$271.6m (down 13% from FY 2023). Profit margin: 12% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 31
Ryman Hospitality Properties, Inc. to Report Q4, 2024 Results on Feb 20, 2025 Ryman Hospitality Properties, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Upcoming Dividend • Dec 24
Upcoming dividend of US$1.15 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (5.0%). Declared Dividend • Nov 07
Third quarter dividend increased to US$1.15 Dividend of US$1.15 is 4.5% higher than last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.3%. Announcement • Nov 05
Ryman Hospitality Properties, Inc. Increases Cash Dividend, Payable on January 15, 2025 Ryman Hospitality Properties, Inc. declared a cash dividend of $1.15 per share for the fourth quarter of 2024, a 4.5% increase from the third quarter dividend of $1.10. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. Upcoming Dividend • Sep 23
Upcoming dividend of US$1.10 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 15 October 2024. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (5.2%). Announcement • Sep 17
Ryman Hospitality Properties, Inc. to Report Q3, 2024 Results on Nov 04, 2024 Ryman Hospitality Properties, Inc. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Declared Dividend • Sep 08
Second quarter dividend of US$1.10 announced Shareholders will receive a dividend of US$1.10. Ex-date: 30th September 2024 Payment date: 15th October 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Announcement • Sep 05
Ryman Hospitality Properties, Inc. Declares Third Quarter Dividend, Payable on October 15, 2024 Ryman Hospitality Properties, Inc. announced that the Board of Directors has authorized, and the Company has declared, a third quarter cash dividend of $1.10 per share of common stock, to be paid on October 15, 2024, to stockholders of record as of September 30, 2024. Recent Insider Transactions • Aug 08
Executive Chairman recently bought US$790k worth of stock On the 6th of August, Colin Reed bought around 8k shares on-market at roughly US$97.78 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$1m. Colin has been a buyer over the last 12 months, purchasing a net total of US$2.5m worth in shares. Announcement • Aug 02
Ryman Hospitality Properties, Inc. Increases Earnings Guidance for the Full Year 2024 Ryman Hospitality Properties, Inc. increased earnings guidance for the full year 2024. For the period, Company now expects Consolidated Operating Income to be $510.2 million to $524.5 million against previous guidance of $490.2 million to $519.0 million. Net Income to be $281.0 million to $287.5 million against previous guidance of $259.0 million to $280.0 million. Diluted income per share available to common stockholders to be $4.38 to $4.49 against previous guidance of $4.01 to $4.33. Reported Earnings • Aug 01
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.68 (up from US$1.18 in 2Q 2023). Revenue: US$613.3m (up 22% from 2Q 2023). Net income: US$100.8m (up 52% from 2Q 2023). Profit margin: 16% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 16
Independent Director recently bought US$1m worth of stock On the 13th of June, William Haslam bought around 10k shares on-market at roughly US$100 per share. This transaction amounted to 78% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$1.5m. Insiders have collectively bought US$872k more in shares than they have sold in the last 12 months. Announcement • May 23
Ryman Hospitality Properties, Inc. to Report Q2, 2024 Results on Jul 31, 2024 Ryman Hospitality Properties, Inc. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Declared Dividend • May 13
First quarter dividend of US$1.10 announced Shareholders will receive a dividend of US$1.10. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.3%. Announcement • May 11
Ryman Hospitality Properties, Inc. Declares Second Quarter Dividend, Payable on July 15, 2024 Ryman Hospitality Properties announced that the Board of Directors has authorized, and the Company has declared a second quarter cash dividend of $1.10 per share of common stock, to be paid on July 15, 2024, to stockholders of record as of June 28, 2024. Announcement • May 03
Ryman Hospitality Properties, Inc. Updates Earnings Guidance for the Full Year 2024 Ryman Hospitality Properties, Inc. updated earnings guidance for the full year 2024. For the year, the company now expects, Consolidated Operating Income in the range of $490.2 million to 519.0 million against previous guidance of $490.2 million to 519.0 million, net income to be in the range of 259.0 million to $280.0 million against previous guidance of 253.0 million to $272.0 million. Diluted income per share available to common stockholders to be in the range of $4.01 to $4.33 against previous guidance of $3.92 to $4.21. Reported Earnings • May 02
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: US$0.72 (down from US$1.11 in 1Q 2023). Revenue: US$528.3m (up 8.1% from 1Q 2023). Net income: US$43.1m (down 30% from 1Q 2023). Profit margin: 8.1% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Apr 05
Ryman Hospitality Properties, Inc., Annual General Meeting, May 09, 2024 Ryman Hospitality Properties, Inc., Annual General Meeting, May 09, 2024, at 10:00 Central Standard Time. Location: JW Marriott Hill Country Resort & Spa 23808 Resort Parkway San Antonio Texas United States Agenda: To elect the ten (10) nominees identified in this proxy statement for a one-year term as directors; to approve, on an advisory basis, executive compensation; to approve 2024 Omnibus Incentive Plan; to ratify the appointment by the Audit Committee of Ernst & Young LLP as independent registered public accounting firm for 2024; and to conduct any other business if properly raised. New Risk • Mar 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.9m sold). Upcoming Dividend • Mar 20
Upcoming dividend of US$1.10 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.7%). Announcement • Mar 15
Ryman Hospitality Properties, Inc. to Report Q1, 2024 Results on May 01, 2024 Ryman Hospitality Properties, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024 Recent Insider Transactions Derivative • Mar 01
Executive VP & COO - Hotels notifies of intention to sell stock Patrick Chaffin intends to sell 16k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of February. If the sale is conducted around the recent share price of US$120, it would amount to US$1.9m. Since March 2023, Patrick's direct individual holding has increased from 33.25k shares to 33.81k. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 26
Fourth quarter dividend of US$1.10 announced Shareholders will receive a dividend of US$1.10. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.3%. Announcement • Feb 24
Ryman Hospitality Properties, Inc. Provides Consolidated Earnings Guidance for the Full Year 2024 Ryman Hospitality Properties, Inc. provided consolidated earnings guidance for the full year 2024. For the year, the company expects Consolidated Operating Income to be in the range of $490.2 million to 519.0 million, net income to be in the range of $253.0 million to $272.0 million. Diluted income per share available to common stockholders to be in the range of $3.92 to $4.21. Reported Earnings • Feb 23
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$5.39 (up from US$2.34 in FY 2022). Revenue: US$2.16b (up 20% from FY 2022). Net income: US$311.2m (up 141% from FY 2022). Profit margin: 14% (up from 7.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Feb 23
Ryman Hospitality Properties, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on April 15, 2024 Ryman Hospitality Properties, Inc. declared its first quarter 2024 cash dividend of $1.10 per share of common stock, payable on April 15, 2024, to stockholders of record as of March 29, 2024. The Company’s dividend policy provides that it will distribute minimum dividends of 100% of REIT taxable income annually. It is the Company’s current plan to distribute aggregate minimum dividends for 2024 of $4.40 per share in cash. Future dividends are subject to the Board’s future determinations as to amount and timing. Announcement • Jan 30
Ryman Hospitality Properties, Inc. Provides Consolidated Earnings Guidance for the Full Year 2024 Ryman Hospitality Properties, Inc. provided consolidated earnings guidance for the full year 2024. For the year, the company expects Consolidated Operating Income to be in the range of $490.2 million to 519.0 million, net income to be in the range of $253.0 million to $272.0 million. Net income available to common shareholders per diluted share to be in the range of $3.92 to $4.21. New Risk • Jan 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$2.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$2.3m sold). Price Target Changed • Jan 09
Price target increased by 7.1% to US$120 Up from US$112, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$114. Stock is up 41% over the past year. The company is forecast to post earnings per share of US$3.93 for next year compared to US$2.34 last year. Announcement • Dec 22
Ryman Hospitality Properties, Inc. to Report Q4, 2023 Results on Feb 22, 2024 Ryman Hospitality Properties, Inc. announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$1.10 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 16 January 2024. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (4.1%). Announcement • Dec 19
Ryman Hospitality Properties, Inc. Announces Appointment of Erin Mulligan Helgren as Director Ryman Hospitality Properties, Inc. announced that Erin Mulligan Helgren has been appointed to its Board of Directors, effective as of January 1, 2024. In connection with Ms. Helgren’s appointment to the Board, the size of the Board will increase from nine (9) directors to ten (10) directors, effective as of January 1, 2024. The Board is currently comprised of: Rachna Bhasin, Founder/CEO, EQ Partners Alvin Bowles Jr., Vice President, Global Business Group - Americas, Meta Platforms, Inc.; Mark Fioravanti, President & Chief Executive Officer, Ryman Hospitality Properties, Inc.; William E. Haslam, Private Investor and Former Governor of Tennessee; Fazal Merchant, Former Co-CEO, Tanium Inc.; Christine Pantoya, Chief Operating Officer & Chief Financial Officer, Kiswe Mobile Inc.; Robert Prather Jr., President & CEO, Heartland Media, LLC; Colin Reed, Executive Chairman, Ryman Hospitality Properties, Inc; Michael Roth, Former Chairman and CEO, The Interpublic Group of Companies, Inc. Ms. Helgren currently serves as Chief Executive Officer of OfficeSpace Software Inc., a privately-held enterprise software company. She previously served in a variety of senior executive roles with several public and private companies, including over 11 years at Dell, Inc., where she most recently served as Chief Marketing Officer. Ms. Helgren obtained her B.B.A. from the University of Texas and currently serves on the Dean’s Advisory Council for the University of Texas McCombs School of Business. Recent Insider Transactions • Dec 14
Executive Chairman recently bought US$2.0m worth of stock On the 11th of December, Colin Reed bought around 19k shares on-market at roughly US$106 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Colin's only on-market trade for the last 12 months. Announcement • Dec 08
Ryman Hospitality Properties, Inc. Declares Fourth Quarter Dividend, Payable on January 16, 2024 Ryman Hospitality Properties announced that the Board of Directors has authorized, and the company has declared a fourth quarter cash dividend of $1.10 per common share, to be paid on January 16, 2024, to stockholders of record as of December 29, 2023. New Risk • Nov 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$543k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$543k sold). Recent Insider Transactions Derivative • Nov 17
Executive Chairman notifies of intention to sell stock Colin Reed intends to sell 49k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of November. If the sale is conducted around the recent share price of US$94.99, it would amount to US$4.7m. Since December 2022, Colin's direct individual holding has decreased from 748.64k shares to 742.54k. Company insiders have collectively bought US$206k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: FFO per share: US$1.7 (up from US$1.67 in 3Q 2022). Revenue: US$515.9m (up 11% from 3Q 2022). Funds from operations (FFO): US$97.9m (up 6.5% from 3Q 2022). FFO margin: 19% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Hotel and Resort REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. 
