Ryman Hospitality Properties, Inc. RHP
Ryman Hospitality Properties, Inc. (NYSE: RHP) operates as a prominent real estate investment trust (REIT) in the lodging and hospitality sectors, focusing on high-end convention center properties and a diverse portfolio of country music entertainment venues. At its core, the company boasts a collection of five premier non-gaming convention center hotels, recognized among the ten largest nationwide by indoor meeting capacity. These expansive resorts, branded as Gaylord Hotels, are expertly managed by Marriott International. Complementing these, Ryman also possesses two nearby auxiliary hotels and several attractions, all overseen by Marriott International. Collectively, these properties provide an impressive 10,110 guest rooms and over 2.7 million square feet of combined indoor and outdoor meeting facilities, strategically situated in prime convention and leisure markets throughout the nation. Its Entertainment division encompasses an expanding array of celebrated and burgeoning country music enterprises. This includes renowned names such as the Grand Ole Opry, Ryman Auditorium, and WSM 650 AM, alongside Ole Red and Circle, a country lifestyle media network jointly owned with Gray Television. This entertainment arm functions as a taxable REIT subsidiary. Specifically, Ryman wholly owns the Gaylord Opryland, Gaylord Palms, Gaylord Texan, and Gaylord National Resort & Convention Centers. Furthermore, it holds the majority stake and serves as the managing member within the joint venture that controls the Gaylord Rockies Resort & Convention Center.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-24 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Adjusted FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-01) — 8-K, EX-99.1 ✓ Verified to filing.
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.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model RHP yourself — any amount, shares, per-payment & a multi-year DRIP projection →
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
Recent regular dividends per share (special distributions excluded), oldest → newest.
| 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 | Irregular |
| 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).
Recent news — RHP
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Ryman Hospitality Properties, Inc. (RHP) Presents at 4th Annual Morgan Stanley Travel & Leisure Conference Transcript
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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.