NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Ryman Hospitality Properties Inc. (RHP) on Thursday reported a key measure of profitability in its fourth quarter. The results topped Wall Street expectations.

The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $125.9 million, or $2.08 per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of $1.99 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $142.1 million, or $2.37 per share.

The hotel and resort real estate investment trust, based in Nashville, Tennessee, posted revenue of $633.1 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $634.6 million.

For the year, the company reported funds from operations of $473.1 million. Revenue was reported as $2.16 billion.

Ryman Hospitality Properties expects full-year funds from operations in the range of $7.60 to $8.20 per share.

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