Ryman Hospitality Q3 revenue beats estimates driven by strong growth in hospitality segment

Ryman Hospitality Properties

03/11/2025 21:30

Overview

Ryman Hospitality Q3 revenue rises 7.7%, beating analyst expectations

Net income for Q3 declines 43.8% yr/yr

Company narrows full-year 2025 outlook, lowering midpoints for key metrics

Outlook

Company narrows full-year 2025 outlook, lowering midpoints for operating income and EBITDAre

Construction disruptions expected to impact RevPAR and operating income in 2025

Group rooms revenue for 2026 pacing up nearly 8% compared to 2025

Result Drivers

HOSPITALITY REVENUE - Driven by a 7.2% increase in Hospitality segment revenue, reaching $500.9 mln

MACROECONOMIC UNCERTAINTY - Uncertainty and decision-making pause in meeting planning impacted group business, per CEO Mark Fioravanti

CAPITAL PROJECTS - Recently completed projects, particularly at Gaylord Rockies, exceeded expectations, supporting future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$592.46 mln
$574.34 mln (8 Analysts)
Q3 Net Income
$33.96 mln
Q3 Adjusted FFO
$106.35 mln
Q3 FFO
$105.13 mln
Q3 Operating income
$88.61 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "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 $113.50, about 23.4% above its October 31 closing price of $86.91

Press Release: ID:nGNX69NVcm

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(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.)