Ryman Hospitality Properties, Inc. RHP
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort Convention Center; Gaylord Palms Resort Convention Center; Gaylord Texan Resort Convention Center; Gaylord National Resort Convention Center; and Gaylord Rockies Resort Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns JW Marriott Phoenix Desert Ridge Resort Spa and JW Marriott San Antonio Hill Country Resort Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company's hotel portfolio is managed by Marriott International and includes a combined total of 12,364 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium; WSM 650 AM; Ole Red; Category 10; Nashville-area attractions; Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. OEG manages select outdoor live music venues, including Ascend Federal Credit Union Amphitheater in Nashville and CCNB Amphitheatre in Simpsonville, South Carolina. OEG also owns a majority interest in Southern Entertainment, a leading festival and events business. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company's financial results.
Snapshot
Reported FFO / Adjusted FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-01) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $2.58B | $243.43M | $278.10M | $774.00M | $590.63M |
| 2024 | $2.34B | $271.64M | $235.63M | $725.64M | $576.51M |
| 2023 | $2.16B | $311.22M | $211.23M | $670.70M | $557.06M |
| 2022 | $1.81B | $128.99M | $208.62M | $530.75M | $419.93M |
| 2021 | $939.37M | $-176.97M | $220.36M | $155.86M | $111.25M |
| 2020 | $524.48M | $-417.39M | $215.08M | $-102.87M | $-161.52M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-05-07 | $1.20 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-23 | $1.20 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-12-04 | $1.20 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-09-17 | $1.15 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-09 | $1.15 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-02-20 | $1.15 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-11-04 | $1.15 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-09-04 | $1.10 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-05-10 | $1.10 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-15 | 2024-02-22 | $1.10 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-12-08 | $1.10 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-09-18 | $1.00 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-05-03 | $1.00 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-02-23 | $0.75 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-17 | 2022-12-09 | $0.25 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-17 | 2022-09-06 | $0.10 | Annual |
| 2020-03-30 | 2020-03-31 | 2020-04-15 | 2020-02-25 | $0.95 | Quarterly |
| 2019-12-30 | 2019-12-31 | 2020-01-15 | 2019-12-06 | $0.90 | Quarterly |
| 2019-09-27 | 2019-09-30 | 2019-10-15 | 2019-09-16 | $0.90 | Quarterly |
| 2019-06-27 | 2019-06-28 | 2019-07-15 | 2019-06-18 | $0.90 | Quarterly |
| 2019-03-28 | 2019-03-29 | 2019-04-15 | 2019-02-26 | $0.90 | Quarterly |
| 2018-12-27 | 2018-12-28 | 2019-01-15 | 2018-12-07 | $0.85 | Quarterly |
| 2018-09-27 | 2018-09-28 | 2018-10-15 | 2018-09-17 | $0.85 | Quarterly |
| 2018-06-28 | 2018-06-29 | 2018-07-16 | 2018-06-18 | $0.85 | Quarterly |
Coverage (payout of operating cash flow): 53.60%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.