Q4 FFO Beats by 7.1% at $2.38; Revenue Up 14% to $737.8M
Ryman Hospitality Properties delivered Q4 FFO of $2.38 per share, beating the $2.22 consensus by 7.1% and up from $2.15 a year ago. Fourth-quarter revenue rose 14% year-over-year to $737.8 million, exceeding estimates by 2.3%.
1. Fourth-Quarter Financial Results
Ryman Hospitality Properties reported FFO of $2.38 per share for the quarter ended December 2025, surpassing the $2.22 consensus by 7.1% and improving from $2.15 in Q4 2024. Revenue climbed 14% year-over-year to $737.8 million, topping estimates by 2.3% on higher occupancy and ADR gains across its resort portfolio.
2. Year-to-Date Share Performance
Shares of the company have gained approximately 10.8% since January 1, outperforming the S&P 500’s 0.9% rise over the same period, reflecting investor confidence in its upscale destination resorts and convention business.
3. Analyst Consensus Outlook
Analysts currently project next quarter FFO of $2.14 per share on $649.16 million in revenue and full-year FFO of $8.97 on $2.75 billion in sales. Estimate revisions have trended downward ahead of this report, indicating caution on near-term FFO growth.
4. Industry Positioning
The company operates within the REIT and Equity Trust – Other industry, which ranks in the bottom 35% of over 250 industry groups. Broader industry headwinds and interest rate sensitivity may temper future valuation multiples despite recent outperformance.