Earnings Releases·Nov 3, 2026, 8:15 AM ET

Ryman Hospitality Properties, Inc. — Third Quarter 2026 Earnings Summary

Consolidated revenue for Q3 2026 reached a record $655.8 million (up 10.7% YoY), while net income rose 16.8% to $39.7 million and Adjusted EBITDAre increased 10.8% to $191.8 million.
The company raised full-year 2026 guidance midpoints across key metrics, including Same-store Hospitality RevPAR growth (5.00%), Adjusted EBITDAre ($933.5 million), and Adjusted FFO ($636.8 million), though Entertainment operating income guidance was lowered to $71.0 million due to the General Jackson Showboat closure.
Strategic capital activities included the September 1, 2026, acquisition of the 1,592-room Grande Lakes Orlando Resort and a capital raise comprising a $690 million equity offering and $700 million in senior unsecured notes.
Hospitality segment performance was driven by strong group demand, with same-store occupancy rising 3.0 percentage points to 70.3% and banquet/AV revenue per group room night increasing 9.7% year-over-year.
The company maintains a strong liquidity position with $348.2 million in unrestricted cash and $930.0 million of aggregate borrowing availability, while paying a quarterly dividend of $1.20 per share.