Investments In Unconsolidated Joint Ventures

3 Months Ended

Mar. 31, 2025

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

Note 10 – Investments in Unconsolidated Joint Ventures

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 (2) unconsolidated joint ventures as of March 31, 2025, and December 31, 2024:

		March 31,		December 31,
(Dollars in thousands)	Interest	2025		2024
Rialto Cinemas	50.0%	$	(17)	$	—
Mt. Gravatt	33.3%		3,204		3,138
Total investments		$	3,187	$	3,138

For the quarter ended March 31, 2025 and 2024, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:

	Three Months Ended
	March 31,
(Dollars in thousands)	2025		2024
Rialto Cinemas	$	(17)	$	(68)
Mt. Gravatt		40		43
Total equity earnings	$	23	$	(25)