Ryman Hospitality Properties Postpones Investor Day Due To Inclement Nashville Weather And Releases Preliminary 2023 Financial Results; Sees Q4 AFFO Per Diluted Share $2.07-$2.10; FY23 AFFO Per Diluted Share $5.29-$5.43; Sees FY23 Net Income $336M-$348M
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Ryman Hospitality Properties, Inc. (NYSE:RHP) has postponed its Investor Day due to inclement weather in Nashville. The event is rescheduled for January 30th, 2024. Despite the postponement, the company released preliminary financial results for Q4 and FY 2023, with record net income and Adjusted EBITDAre. Q4 AFFO per diluted share is expected to be $2.07-$2.10, and FY23 AFFO per diluted share is projected at $5.29-$5.43. Net income for FY23 is anticipated to be between $336M-$348M. The company's Hospitality and Entertainment segments have achieved record operating income and Adjusted EBITDAre.
January 15, 2024 | 11:38 pm
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Ryman Hospitality Properties has postponed its Investor Day to January 30th, 2024, due to bad weather. The company also reported strong preliminary financial results for 2023, with record net income and Adjusted EBITDAre, and higher AFFO per diluted share for Q4 and FY23.
The postponement of the Investor Day is a neutral event as it does not reflect on the company's performance. However, the release of strong preliminary financial results, including record net income and Adjusted EBITDAre, is likely to be viewed positively by investors and could lead to a short-term increase in stock price.
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