Last $61.11 USD
Change Today +0.30 / 0.49%
Volume 459.6K
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As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

ryman hospitality properties (RHP) Key Developments

Ryman Hospitality Properties, Inc. Promotes Mark Fioravanti to President

Ryman Hospitality Properties, Inc. announced that executive vice president and chief financial officer Mark Fioravanti has been promoted to president of the company, effective immediately. In addition to retaining his duties as chief financial officer, Mr. Fioravanti will assume new responsibilities including oversight of asset management, communications and administration. Mr. Fioravanti has served as the Company's chief financial officer for the past six years, successfully overseeing the company's transition to a real estate investment trust. Prior to joining Ryman Hospitality Properties predecessor in 2002, Mr. Fioravanti held several senior and property-level positions with Harrah's Entertainment, Inc. in the areas of finance, administration and strategic planning.

Ryman Hospitality Properties, Inc. Declares First Quarter Dividend Payable on April 16, 2015; Provides Dividend Guidance for 2015

Ryman Hospitality Properties, Inc. declared its first quarter cash dividend of $0.65 per share of common stock payable on April 16, 2015 to stockholders of record on March 31, 2015. It is the company’s current plan to distribute total 2015 annual dividends of approximately $2.60 per share in cash in equal quarterly payments in April, July, October, and January. To the extent that the expected regular quarterly dividends for 2015 do not satisfy the company’s annual distribution requirements, the company expects to satisfy the annual distribution requirement by paying a ‘catch up’ dividend in January 2016. Any future dividend is subject to the board’s future determinations as to the amount of quarterly distributions and the timing thereof. The company’s dividend policy for 2015 has been modified. The new dividend policy reads, ‘the company plans to pay a quarterly cash dividend to shareholders in an annualized amount equal to at least 50% of adjusted funds from operations (adjusted FFO) less maintenance capital expenditures, or 100% of REIT taxable income, whichever is greater.

Ryman Hospitality Properties, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Ryman Hospitality Properties, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $291,612,000 against $266,070,000 a year ago. Operating income was $43,739,000 against $29,726,000 a year ago. Income before income taxes was $61,633,000 against $17,970,000 a year ago. Income from continuing operations was $62,729,000 or $1.21 per diluted share against $30,106,000 or $0.48 per diluted share a year ago. Net income available to common shareholders was $62,213,000 or $1.21 per diluted share against $30,162,000 or $0.48 per diluted share a year ago. EBITDA was $71,749,000 against $57,275,000 a year ago. FFO was $90,688,000 against $57,711,000 a year ago. Capital expenditures were $11,437,000 against $7,755,000 a year ago. Adjusted FFO was $54,094,000 against $58,978,000 a year ago. FFO per diluted share was $1.76 against $0.92 a year ago. Adjusted FFO per diluted share was $1.05 against $0.94 a year ago. Adjusted FFO (excl. REIT conversion costs) per diluted share was $1.05 against $0.93 a year ago. Adjusted FFO excluding REIT conversion costs was $54,094,000 against $58,064,000 a year ago. Adjusted EBITDA was $77,889,000 against $67,521,000 a year ago. Net income available to common shareholders for fourth quarter 2014 a loss of $0.5 million on call spread and warrant modifications related to the convertible notes. AFFO included an income tax benefit of $1.1 million compared to a benefit of $13.4 million in fourth quarter 2013. For the year, the company reported total revenues of $1,040,991,000 against $954,562,000 a year ago. Operating income was $153,105,000 against $76,188,000 a year ago. Income before income taxes was $125,000,000 against $25,815,000 a year ago. Income from continuing operations was $126,467,000 or $2.17 per diluted share against $118,477,000 or $1.81 per diluted share a year ago. Net income available to common shareholders was $121,035,000 or $2.17 per diluted share against $113,483,000 or $1.81 per diluted share a year ago. EBITDA was $265,383,000 against $192,716,000 a year ago. FFO was $238,730,000 against $234,828,000 a year ago. Capital expenditures were $40,356,000 against $29,801,000 a year ago. Adjusted FFO was $199,916,000 against $174,760,000 a year ago. FFO per diluted share was $4.27 against $3.74 a year ago. Adjusted FFO per diluted share was $3.58 against $2.78 a year ago. Adjusted FFO (excl. REIT conversion costs) per diluted share was $3.58 against $3.03 a year ago. Adjusted FFO excluding REIT conversion costs was $199,916,000 against $190,174,000 a year ago. Adjusted EBITDA was $285,869,000 against 244,956,000 a year ago. Net Income available to common shareholders for full year 2014 and 2013 included a loss of $5.4 million and $4.9 million, respectively, on call spread and warrant modifications related to the convertible notes. For the fourth quarter ended December 31, 2014, the company reported impairment charges of $104,000. The company announced guidance for 2015 adjusted EBITDA on a consolidated basis is $313.0 to $333.0 million. The company expects adjusted FFO between $255.5 million to $275.5 million and adjusted FFO per diluted share between $4.96 to $5.34.

Ryman Hospitality Properties, Inc. Presents at Citl's 2015 Global Property CEO Conference, Mar-03-2015 03:35 PM

Ryman Hospitality Properties, Inc. Presents at Citl's 2015 Global Property CEO Conference, Mar-03-2015 03:35 PM. Venue: The Diplomat Resort & Spa, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Colin V. Reed, Chairman, Chief Executive Officer and President.

Ryman Hospitality Properties, Inc. to Report Q4, 2014 Results on Feb 26, 2015

Ryman Hospitality Properties, Inc. announced that they will report Q4, 2014 results at 10:00 AM, US Eastern Standard Time on Feb 26, 2015

 

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