Ryman Hospitality Q1 revenue beats on strong group bookings

Ryman Hospitality Properties

30/04/2026 21:29

Overview

US lodging REIT's Q1 revenue rose 13%, beating analyst expectations

Company raised full-year outlook after strong Hospitality portfolio performance

Favorable group mix and leisure demand offset winter storm impacts in Q1

Outlook

Ryman Hospitality raised 2026 same-store Hospitality RevPAR growth guidance to 2.25%-3.75% from 1.5%-3.5%

Company now sees 2026 net income available to common stockholders of $261 mln-$267 mln, up from $250 mln-$261 mln

Ryman Hospitality expects 2026 Adjusted FFO per diluted share/unit of $8.77-$9.14, up from $8.50-$9.00

Result Drivers

GROUP MIX AND LEISURE DEMAND - Co said favorable group mix and strong Spring Break leisure performance drove higher group ADR and outside-the-room spending, offsetting winter storm impacts

STRONG GROUP BOOKINGS - Co reported highest first quarter same-store group room night bookings production since 2018, citing resilient meeting planner sentiment

ENTERTAINMENT SEGMENT DECLINE - Entertainment business declined year-over-year due to tough comparison with record prior-year quarter and winter storm disruptions, though Ole Red brand exceeded expectations

Company press release: ID:nGNX5xMbHJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$664.57 mln
$648.41 mln (11 Analysts)
Q1 Net Income
$69.40 mln
Q1 Adjusted FFO
$156.08 mln
Q1 FFO
$143.47 mln
Q1 Operating income
$137.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Ryman Hospitality Properties Inc is $114.50, about 10.5% above its April 29 closing price of $103.62

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)