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Last $52.43 USD
Change Today -0.10 / -0.19%
Volume 218.4K
RHP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

ryman hospitality properties (RHP) Key Developments

Ryman Hospitality Properties, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Full Year 2015

Ryman Hospitality Properties, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total revenues were $274,036,000 compared to $257,913,000 a year ago. Operating income was $57,015,000 compared to $47,486,000 a year ago. Income before income taxes was $42,255,000 compared to $28,567,000 a year ago. Net income available to common shareholders was $41,389,000 or $0.80 per diluted share, compared to $23,039,000 or $0.38 per diluted share, a year ago. FFO was $69,788,000 or $1.35 per diluted share, compared to $56,223,000 or $0.93 per diluted share, a year ago. Adjusted FFO was $74,802,000 or $1.45 per diluted share, compared to $68,408,000 or $1.13 per diluted share, a year ago. Capital expenditures were $12,357,000 compared to $9,604,000 a year ago. EBITDA was $85,414,000 compared to $75,718,000 a year ago. Adjusted EBITDA was $91,751,000 compared to $81,562,000 a year ago. For the six months, the company’s total revenues were $527,184,000 compared to $504,364,000 a year ago. Operating income was $92,905,000 compared to $80,283,000 a year ago. Income before income taxes was $47,108,000 compared to $48,736,000 a year ago. Net income available to common shareholders was $45,921,000 or $0.89 per diluted share, compared to $43,692,000 or $0.73 per diluted share, a year ago. FFO was $102,890,000 or $2.00 per diluted share, compared to $104,879,000 or $1.75 per diluted share, a year ago. Adjusted FFO was $133,717,000 or $2.59 per diluted share, compared to $123,128,000 or $2.05 per diluted share, a year ago. Capital expenditures were $24,792,000 compared to $19,393,000 a year ago. EBITDA was $149,874,000 compared to $136,518,000 a year ago. Adjusted EBITDA was $165,577,000 compared to $148,044,000 a year ago. The company reaffirmed earnings guidance for the full year 2015. For the period, the company expected Adjusted EBITDA to be in the range of $318 million to $338 million, Adjusted FFO to be in the range of $250.5 million to $270.5 million and Adjusted FFO per diluted share to be in the range of $4.86 to $5.21. The company expected EBITDA to be in the range of $288,100,000 to $308,100,000 and operating income to be in the range of $171,100,000 to $191,100,000. The company expected net income to be in the range of $99,100,000 to $119,100,000.

Ryman Hospitality Properties, Inc. Announces Third Quarter Cash Dividend Payable on October 15, 2015 and Expects to Pay Fourth Quarter Dividend for the Year 2015

Ryman Hospitality Properties, Inc. announced a third quarter cash dividend of $0.70 per share of common stock payable on October 15, 2015 to stockholders of record on September 30, 2015. It is the company’s current plan to distribute total annual dividends of approximately $2.70 per share for 2015, with the remaining fourth quarter payment of $0.70 per share of common stock occurring in January 2016. If expected regular quarterly dividends for 2015 do not satisfy the company’s annual distribution requirements, the company would satisfy the annual distribution requirement by paying a catch up dividend in January 2016. The company paid its second quarter 2015 cash dividend of $0.65 per share of common stock on July 15, 2015 to stockholders of record on June 30, 2015.

Ryman Hospitality Properties, Inc. to Report Q2, 2015 Results on Aug 04, 2015

Ryman Hospitality Properties, Inc. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Aug 04, 2015

Ryman Hospitality Properties, Inc., Q2 2015 Earnings Call, Aug 04, 2015

Ryman Hospitality Properties, Inc., Q2 2015 Earnings Call, Aug 04, 2015

Ryman Hospitality Properties, Inc. Extends the Maturity of the Revolving Line of Credit Under Senior Secured Credit Facility; Declares its Second Quarter Cash Dividend, Payable on July 15, 2015

Ryman Hospitality Properties, Inc. announced that the company and its subsidiaries successfully extended the maturity of the revolving line of credit under their senior secured credit facility. The revolving line of credit was scheduled to mature in August 2017. The extended $700 million revolver will mature in June 2019 and have an initial outstanding borrowing of $360.5 million. The company also amended certain covenants under the facility, which also includes a senior secured term loan B that matures in 2021. The revolver's interest rate is based upon a leverage-based pricing grid ranging from 160 to 240 basis points over LIBOR, representing a decline in pricing of approximately 15 to 35 basis points. The initial interest rate under the revolver is the sum of LIBOR plus a margin of 160 basis points per annum. With the extension and recently completed private placement of $400 million in principal amount of 5% senior notes due 2023, the company and its subsidiaries’ existing debt has no maturity date prior to 2019. The company also announced that it declared its second quarter cash dividend of $0.65 per share of common stock, payable on July 15, 2015, to stockholders of record on June 30, 2015.

 

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RHP

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Valuation RHP Industry Range
Price/Earnings 21.5x
Price/Sales 2.5x
Price/Book 6.8x
Price/Cash Flow 11.2x
TEV/Sales 1.0x
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