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REIT owning large convention-hotel resorts (Gaylord brand) plus Grand Ole Opry and country-music entertainment venues.
REIT owning large convention-hotel resorts (Gaylord brand) plus Grand Ole Opry and country-music entertainment venues.
Owns the resorts, while Marriott manages them under long-term contracts for a fee, so Ryman books the hotel revenue and bears the operating costs. Conventions are booked well in advance, giving visibility on future demand. A separate entertainment arm covers the Opry and music venues.
Moat: narrow (scale, brand, installed base). Large-format group-focused hotels are costly to replicate; Opry brand has decades of entertainment-industry equity.
Headquarters: Nashville, Tennessee, United States · Founded: 1997 · Employees: 1,819
Size Ryman Hospitality Properties (RHP) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $9.11B, the 821st largest of 3,117 United States companies the cockpit tracks. Shares closed at $132.05 on 6 Nov 2026.
Performance Over six months the shares gained 19.4%, against -1.2% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 12.9% over the last twelve months (peer median +6.5%); the operating margin is 19.8% (peer median 38.6%).
Valuation It trades at 26.4× forward earnings against a peer median of 26.2× (10th cheapest of 19).
Credit Ryman Hospitality Properties has 1 bond outstanding ($1.00B), rated BB by the agencies and trading like BB+ at a weighted spread of 170 bp.
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.81B | $2.58B | $2.34B | $2.16B | $1.81B |
| Revenue growth | — | +10% | +8% | +20% | — |
| Gross profit | $604M | $534M | $537M | $498M | $371M |
| EBITDA | $865M | $766M | $726M | $665M | $536M |
| Net income | $277M | $243M | $272M | $311M | $129M |
| Free cash flow | $680M | $591M | $577M | $557M | $420M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $4.82B | $4.14B | $3.51B | $3.51B | $2.99B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ryman Hospitality Properties RHP | $9.11B | +19% | +13% | 20% | 26.4× | n/a |
| Host Hotels & Resorts HST | $16.9B | +15% | +5% | 14% | 23.2× | n/a |
| Park Hotels & Resorts PK | $3.17B | +39% | -1% | 12% | 29.1× | n/a |
| Sunstone Hotel Investors SHO | $2.33B | +19% | +7% | 10% | 59.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RHP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.1% | +6.5% | 6th highest of 21 |
| 6-month return | +19.4% | -1.2% | 2nd highest of 21 |
| Distance from 52-week high | -3.9% | -13.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +12.9% | +6.5% | 5th highest of 20 |
| Operating margin | 19.8% | 38.6% | 3rd lowest of 21 |
| Forward P/E | 26.4× | 26.2× | 10th cheapest of 19 |
| Bond spread | 170 bp | 86 bp | widest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ryman Hospitality Properties RHP | United States | $9.11B | +19% | +13% | 20% | 26.4× | n/a | n/a |
| Agree Realty ADC | United States | $9.09B | -8% | +18% | 48% | 35.9× | n/a | n/a |
| CareTrust REIT CTRE | United States | $9.03B | -8% | +53% | 65% | 24.2× | n/a | n/a |
| Brixmor Property BRX | United States | $9.21B | +1% | +5% | 37% | 28.5× | n/a | n/a |
| CapitaLand Investment 9CI.SI | Singapore | $9.22B | -11% | -15% | 29% | 19.3× | n/a | n/a |
| Lineage LINE | United States | $8.91B | -2% | +1% | 4% | n/a | n/a | n/a |
| CapitaLand Ascendas REIT A17U.SI | Singapore | $8.83B | -9% | +7% | 55% | 15.1× | n/a | n/a |
| Federal Realty Investment Trust FRT | United States | $9.74B | -2% | +8% | 34% | 36.7× | n/a | n/a |
| Janus Living JAN | United States | $9.93B | +15% | n/a | -15% | 782.8× | n/a | n/a |
| CubeSmart CUBE | United States | $10.1B | +11% | +3% | 41% | 28.2× | n/a | n/a |
| MERLIN Properties SOCIMI MRL.MC | Spain | $8.05B | -23% | +13% | 71% | 21.9× | n/a | n/a |
| Rexford Industrial Realty REXR | United States | $8.02B | +4% | -2% | 40% | 29.5× | n/a | n/a |
| Vicinity Centres VCX.AX | Australia | $8.01B | 0% | +3% | 52% | 15.3× | n/a | n/a |
| BXP BXP | United States | $10.4B | +11% | +3% | 29% | 31.2× | n/a | n/a |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 41% | 35.1× | n/a | n/a |
| Choice Properties Real Estate Investment Trust CHP-UN.TO | Canada | $7.95B | -1% | +4% | 20% | 40.5× | n/a | n/a |
| NNN REIT NNN | United States | $7.89B | -7% | +7% | 61% | 19.6× | n/a | n/a |
| Alexandria Real Estate Equities ARE | United States | $7.80B | -2% | -10% | 27% | n/a | n/a | n/a |
| Stockland SGP.AX | Australia | $7.74B | +15% | +15% | 20% | 12.4× | n/a | n/a |
| Land Securities LAND.L | United Kingdom | $7.51B | +20% | +7% | 48% | 13.2× | n/a | n/a |
| COPT Defense Properties CDP | United States | $7.43B | +4% | +7% | 30% | 22.3× | n/a | n/a |
Ryman Hospitality Properties has 1 bond outstanding with $1.00B face value. The agencies rate it BB; its bonds trade like BB+. Weighted yield 6.20%, a spread of 170 bp over government bonds.