Ryman Hospitality Properties Turns To Profit In Q3 - Quick Facts

(RTTNews) - Ryman Hospitality Properties, Inc. (RHP), a lodging real estate investment trust, reported third-quarter net income of $18.03 million or $0.30 per share, compared to a loss of $26.67 million or $0.57 per share, last year.

FFO per share was $0.76, compared to $0.09 last year. Adjusted FFO per share was $0.72, for the quarter. Adjusted FFO, excluding REIT conversion costs, per share was $0.76, for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items.

Total revenues declined to $221.20 million, from $228.13 million, last year. Analysts expected revenue of $227.92 million for the quarter.

The company maintained its 2013 guidance provided on August 8, 2013. Adjusted FFO per share is expected to be in the range of $3.65 to $3.84, and adjusted FFO per share after REIT conversion costs is expected to be in the range of $3.28 to $3.49.