Ryman Hospitality posts strong Q3 results, raises AFFO outlook and completes Grande Lakes Orlando acquisition
Ryman Hospitality Properties reported third‑quarter 2026 revenue of $655.8 million, a 10.7% year‑over‑year increase, and diluted earnings of $0.58 per share, topping estimates by $0.15. Funds from operations came in at $1.79 per share, above the $1.62 consensus. The REIT also completed the purchase of Grande Lakes Orlando, a premium group‑oriented resort, and said its 2026 AFFO guidance midpoint now targets roughly 10% annual growth. Management highlighted record RevPAR growth, a $1.3 billion liquidity position and the retirement of the General Jackson Showboat.
Why it matters
The earnings beat and higher revenue suggest the business is weathering cost pressures, which may support the stock price. The raised AFFO outlook signals stronger cash‑flow generation for shareholders, while the Grande Lakes acquisition adds a new revenue stream and potential synergies. A $1.3 billion liquidity cushion gives the company flexibility for future investments or debt repayment (source 10).
Key facts
- 1Q3 revenue was $655.8 million, up 10.7% year‑over‑year. seekingalpha.com
- 2Diluted EPS for the quarter was $0.58, beating estimates by $0.15. investing.com
- 3Funds from operations were $1.79 per share, exceeding estimates of $1.62. finance.yahoo.com
- 4Ryman completed the acquisition of Grande Lakes Orlando for $1.38 billion. seekingalpha.com
- 5AFFO per diluted share is expected to grow about 10% year over year at the midpoint of 2026 guidance. tradingview.com
- 6Quarter‑end liquidity stood at $1.3 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.