Ryman Hospitality Q4 revenue beats estimates, hits record high

Ryman Hospitality Properties

23/02/2026 21:41

Overview

Lodging REIT's Q4 revenue rose 13.9% to record level, and beat analysts' expectations

Entertainment segment exceeded the company's expectations, driven by strong Nashville venues

Company refinanced credit facility, increasing its size to $850 mln and extending maturity to 2030

Outlook

Ryman Hospitality expects 2026 same-store Hospitality RevPAR growth between 1.5% and 3.5%

Company projects 2026 net income between $260 mln and $273 mln

Ryman Hospitality anticipates 2026 Adjusted EBITDAre between $846 mln and $895 mln

Result Drivers

HOSPITALITY SEGMENT - Record same-store Hospitality segment revenue of $578.2 mln, driven by strong demand for holiday programming and increased ADR, according to CEO Mark Fioravanti

ENTERTAINMENT SEGMENT - Entertainment segment revenue of $109.5 mln attributed to strong volumes in Nashville venues and successful holiday programming, per CEO Mark Fioravanti

FUTURE BOOKINGS - Over 1.2 million same-store Hospitality Gross Definite Room Nights booked for future periods with a record ADR of $299, up 6.1% from last year

Company press release: ID:nGNX7tkwHD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$737.81 mln
$718.27 mln (9 Analysts)
Q4 Net Income
$74.46 mln
Q4 Adjusted FFO
$154.57 mln
Q4 FFO
$145.38 mln
Q4 Operating income
$142.85 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 $110.00, about 4.9% above its February 20 closing price of $104.85

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