Ryman Hospitality Properties: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 05:45 PM ET
Last Updated - Jun 22, 2023, 07:47 PM EDT
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.
