Cedar Fair
has cornered the market on fun, which our ticker symbol reflects (NYSE: FUN). In fact, our primary mission is to make people happy. We are a world leader in operating regional amusement parks and water parks, complemented with resort, hotel and recreational properties dispersed throughout the lower 48 states and near Ontario, Canada.
Annually our parks welcome approximately 26 million guests and our company generates revenues of more than $1.3 billion.
Headquartered in Sandusky, Ohio
, Cedar Fair is organized as a publicly traded partnership (PTP), which allows the partnership to pay out the majority of its earnings to its owners, or unitholders, without first paying significant federal or state income taxes at the entity level, thus avoiding double taxation of our earnings.
Cedar Fair has paid to its unitholders cash distributions for over 30 consecutive years totaling more than $2.6 billion.
We take FUN seriously.
The strong attendance and demand at all of our parks demonstrates that our offering resonates with our guests. Our mission – TO MAKE PEOPLE HAPPY by providing fun, immersive and memorable experiences – has led us to:
- Build a portfolio with best-in-class assets and properties
- Provide world class entertainment at a quality and scale unmatched by other regional operators
- Establish widely known regional brands with opportunities to further penetrate targeted markets
- Constantly enhance the appeal of our parks and guest experience
Schlitterbahn has been the sole recipient of “Amusement Today’s” Golden Ticket Award for BEST WATERPARK in the world.
What does FUN mean for investors?
- Ownership in a company with a lengthy track record of successfully creating significant value for investors
- Substantial free cash flow generation enabling payment of stable and growing distributions in a tax-efficient manner
- A successful operating model that is resilient, non-cyclical and largely unaffected by economic gyrations and geopolitical issues
- A long-term track record of investing for long-term growth and profitability
- Guests enjoy our parks and entertainment, while our investors enjoy superior returns
The compounded rate of return on Cedar Fair’s units since going public in 1987 is more than 15%.