Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting. The table below summarizes our active investment holdings in two unconsolidated joint ventures:



			December 31,
(Dollars in thousands)	Interest		2024		2023
Mt. Gravatt		33.3%	$	3,138	$	3,908
Rialto Cinemas		50.0%		—		848
Total Joint Ventures			$	3,138	$	4,756

Our recorded share of equity earnings (losses) from our investments in unconsolidated joint ventures are as follows:



(Dollars in thousands)	2024		2023		2022
Mt. Gravatt	$	479	$	526	$	392
Rialto Cinemas		(866)		(70)		(121)
Total equity earnings	$	(387)	$	456	$	271

We own an undivided 33.3% interest in Mt. Gravatt, an unincorporated joint venture that owns and operates a sixteen-screen multiplex cinema in Australia.

We own an undivided 50.0% interest in the assets and liabilities of the Rialto Entertainment joint venture that owns and operates two (2) movie theaters, with 13 screens in New Zealand. In December 2024 we fully impaired our investment in this joint venture, as its performance has not recovered to the extent that we believe its reduced performance is other than temporary. We recorded this impairment to ‘equity earnings (losses) from our investments in unconsolidated joint ventures’ in the consolidated income statement.