Month: February 2022

NASHVILLE, Tenn., Feb. 24, 2022 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three months and year ended December 31, 2021. Fourth Quarter 2021 Highlights and Recent Developments:Q4 2021 Net Loss available to common shareholders of $(6.0) million improved sequentially by 30.0% from Q3 2021. Q4 2021 consolidated Adjusted EBITDAre of $85.6 million driven by strong leisure occupancy and ADR. Despite larger than expected group cancellations driven by Delta and Omicron variants, occupancy for the Hospitality segment was 53.0% in Q4 2021, with nearly 236,000 group room nights traveling during the quarter representing 46.4% of total occupancy. The...

Well-capitalized with $375.1 million at the end of 2021, funding planned operations into 2024 CAMBRIDGE, Mass., Feb. 24, 2022 (GLOBE NEWSWIRE) — Generation Bio Co. (Nasdaq: GBIO), a biotechnology company innovating genetic medicines for people living with rare and prevalent diseases, outlined its strategic priorities for 2022 and reported fourth quarter and full year 2021 financial results. “Our primary focus is on diseases of the liver, where we are working to complete optimization of our cell-targeted lipid nanoparticle, or ctLNP, for the liver to advance our lead hemophilia A program as well as subsequent liver programs,” said Geoff McDonough, M.D., president and chief executive officer of Generation Bio. “In parallel, we are advancing our retina ctLNP to support our Stargardt program, and our vaccine ctLNP to enable our work...

Branded Consumer Performance and Rebounding Industrials Drive Record Fourth Quarter and Full Year Operating Results Accelerates Portfolio Transformation and Strengthens Capital Structure Permanent Capital Advantage Positioned CODI to Opportunistically Acquire Platform Business and Complete Strategic Add-Ons in 2021 WESTPORT, Conn., Feb. 24, 2022 (GLOBE NEWSWIRE) —  Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today its consolidated operating results for the three and twelve months ended December 31, 2021. “Our momentum continued in the fourth quarter as CODI delivered a fourth consecutive quarter of record results and the best year-end results in our history,” said Elias Sabo, CEO of Compass Diversified. “Our consumer business again delivered solid results,...

Establishes 2021 First Quarter Dividend of $0.69 per Common Share WYOMISSING, Pa., Feb. 24, 2022 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the fourth quarter and year-ended December 31, 2021. Financial Highlights    Three Months Ended December 31, Year Ended December 31,(in millions, except per share data)   2021 Actual   2020 Actual 2021 Actual   2020 ActualTotal Revenue   $ 298.3     $ 300.2   $ 1,216.4     $ 1,153.2  Income From Operations   $ 204.4     $ 241.5   $ 841.8     $ 809.3  Net income   $ 119.6     $ 169.3   $ 534.1     $ 505.7  FFO (1) (4)   $ 178.0     $ 184.1   $ 765.7     $ 684.4  AFFO (2) (4)   $ 205.3     $ 193.4   $ 812.0     $ 757.4  Adjusted EBITDA (3) (4)   $ 277.2     $ 264.6   $ 1,096.6     $ 1,035.5  Net...

MALVERN, Pa., Feb. 24, 2022 (GLOBE NEWSWIRE) — CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2021. “We closed out a remarkable 2021 with continued execution across all of our strategic growth objectives. Organic growth remained robust and we completed the Storage West acquisition, strategically growing our portfolio across key west coast markets,” commented President and Chief Executive Officer Christopher P. Marr. “We are confident that 2022 will be another excellent year for our industry and our company.” Key Highlights for the Fourth QuarterReported earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.21. Reported funds from operations (“FFO”) per share, as adjusted, of $0.58. Increased same-store (506 stores) net operating income...

NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) — Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) today reported financial results for the fourth quarter and full year 2021. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview(in thousands, except per share data)Selected Financial Results Q4’21Net Cash Used in Operating Activities $ (1,336 )Net Loss Attributable to Shareholders $ (19,047 )Basic and Diluted Loss per Common Share $ (0.19 )   Funds Available for Distribution (“FAD”) (1) $ 120,087  Adjusted EBITDA(1) $ 124,818  ______________________________(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press...

HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2021. Fourth Quarter 2021 HighlightsNet loss of $140 million, or $0.88 per diluted common share Tangible diluted book value per share decreased $0.80, or 5.7%, from the third quarter of 2021 to $13.27 Core loss of $7 million, which includes underwriting income of $35 million and Core combined ratio of 93.6%, offset by a Core net services loss of $41 million Core catastrophe losses were $24 million or 5 percentage points on the Core combined ratio Annualized return on average common equity of (23.7)% Net investment loss of $151 million, including (7.5)% return from our investment in the TP Enhanced FundFull Year 2021 HighlightsNet income of $45 million,...