Ryman Hospitality Properties: Q4 Earnings Snapshot
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Ryman Hospitality Properties Inc. (RHP) on Thursday reported a key measure of profitability in its fourth quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $113 million, or $1.94 per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.68 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 $58.1 million, or $1.03 per share.
The hotel and resort real estate investment trust, based in Nashville, Tennessee, posted revenue of $568.9 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $504.4 million.
For the year, the company reported funds from operations of $363.5 million. Revenue was reported as $1.81 billion.
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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