NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Ryman Hospitality Properties Inc. (RHP) on Thursday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.
The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $129.8 million, or $2.08 per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.79 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $63 million, or $1 per share.
The hotel and resort real estate investment trust, based in Nashville, Tennessee, posted revenue of $587.3 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $547 million.
Ryman Hospitality Properties expects full-year funds from operations in the range of $8.24 to $8.86 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RHP at https://www.zacks.com/ap/RHP
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
