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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting Information [Line Items]  
Summary Of Results Of Operations For Principal Business Segments

Quarter Ended

Quarter Ended

Six Months Ended

Six Months Ended

June 30, 2025

June 30, 2024

June 30, 2025

June 30, 2024

(Dollars in thousands)

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Revenue - third party

$

56,782

$

3,596

$

60,378

$

42,941

$

3,867

$

46,808

$

93,186

$

7,361

$

100,547

$

84,213

$

7,648

$

91,861

Inter-segment revenue (1)

—

1,057

1,057

—

1,146

1,146

—

2,137

2,137

—

2,298

2,298

Total segment revenue

56,782

4,653

61,435

42,941

5,013

47,954

93,186

9,498

102,684

84,213

9,946

94,159

Operating expense

Operating Expense - Third Party

(46,883)

(1,840)

(48,723)

(42,757)

(2,461)

(45,218)

(83,460)

(3,795)

(87,255)

(83,477)

(4,696)

(88,173)

Inter-Segment Operating Expenses (1)

(1,057)

—

(1,057)

(1,146)

—

(1,146)

(2,137)

—

(2,137)

(2,298)

—

(2,298)

Total of services and products (excluding depreciation and amortization)

(47,940)

(1,840)

(49,780)

(43,903)

(2,461)

(46,364)

(85,597)

(3,795)

(89,392)

(85,775)

(4,696)

(90,471)

Depreciation and amortization

(2,172)

(1,125)

(3,297)

(2,554)

(1,358)

(3,912)

(4,312)

(2,226)

(6,538)

(5,141)

(2,874)

(8,015)

General and administrative expense

(1,217)

(209)

(1,426)

(1,093)

(248)

(1,341)

(2,298)

(403)

(2,701)

(2,072)

(539)

(2,611)

Total operating expense

(51,329)

(3,174)

(54,503)

(47,550)

(4,067)

(51,617)

(92,207)

(6,424)

(98,631)

(92,988)

(8,109)

(101,097)

Segment operating income (loss)

$

5,453

$

1,479

$

6,932

$

(4,609)

$

946

$

(3,663)

$

979

$

3,074

$

4,053

$

(8,775)

$

1,837

$

(6,938)

(1)Inter-segment Revenues and Operating Expense relates to the internal charge between the two segments where the cinema operates within real estate owned within the group.
Reconciliation To Net Income Attributable To Common Shareholders

Quarter Ended

Six Months Ended

(Dollars in thousands)

June 30, 2025

June 30, 2024

June 30, 2025

June 30, 2024

Segment operating income (loss)

$

6,932

$

(3,663)

$

4,053

$

(6,938)

Unallocated corporate expense:

Depreciation and amortization expense

(84)

(100)

(219)

(201)

General and administrative expense

(3,957)

(3,929)

(7,835)

(8,083)

Interest expense, net

(4,354)

(5,377)

(9,096)

(10,662)

Equity earnings (loss) of unconsolidated joint ventures

285

119

308

94

Gain (loss) on sale of assets

1,872

9

8,398

(1,116)

Other (expense) income

(2,273)

(216)

(2,607)

123

Income (loss) before income taxes

$

(1,579)

$

(13,157)

$

(6,998)

$

(26,783)
Summary Of Assets

June 30,

December 31,

(Dollars in thousands)

2025

2024

By segment:

Cinema

$

186,901

$

191,008

Real estate

177,511

207,044

Corporate (1)

73,663

72,959

Total assets

$

438,075

$

471,011

By country:

United States

$

252,309

$

264,284

Australia

159,856

167,667

New Zealand

25,910

39,060

Total assets

$

438,075

$

471,011


‎(1) Corporate Assets includes cash and cash equivalents of $12.0 million and $7.0 million as of June 30, 2025 and December 31, 2024, respectively.
Schedule Of Operating Property By Country

June 30,

December 31,

(Dollars in thousands)

2025

2024

United States

$

143,337

$

146,531

Australia

60,470

59,081

New Zealand

9,533

9,082

Total operating property

$

213,340

$

214,694
Summary Of Capital Expenditures

Six Months Ended

(Dollars in thousands)

June 30, 2025

June 30, 2024

Segment capital expenditures

$

804

$

2,028

Corporate capital expenditures

—

—

Total capital expenditures

$

804

$

2,028
Cinema Exhibition [Member]  
Segment Reporting Information [Line Items]  
Reconciliation To Net Income Attributable To Common Shareholders

Quarter Ended

Six Months Ended

(Dollars in thousands)

June 30, 2025

June 30, 2024

June 30, 2025

June 30, 2024

REVENUE

United States

Admissions revenue

$

16,099 

$

11,681 

$

26,344 

$

23,922 

Concessions revenue

11,274 

7,452 

17,382 

14,413 

Advertising and other revenue

2,885 

2,347 

4,827 

4,450 

$

30,258 

$

21,480 

$

48,553 

$

42,785 

Australia

Admissions revenue

$

14,275 

$

10,851 

$

23,905 

$

21,113 

Concessions revenue

7,213 

6,348 

12,069 

12,114 

Advertising and other revenue

1,421 

1,344 

2,617 

2,640 

$

22,909 

$

18,543 

$

38,591 

$

35,867 

New Zealand

Admissions revenue

$

2,338 

$

1,744 

$

3,884 

$

3,344 

Concessions revenue

1,135 

1,013 

1,901 

1,923 

Advertising and other revenue

142 

161 

257 

294 

$

3,615 

$

2,918 

$

6,042 

$

5,561 

Total revenue

$

56,782 

$

42,941 

$

93,186 

$

84,213 

OPERATING EXPENSE

United States

Film rent and advertising cost

$

(9,108)

$

(6,272)

$

(14,166)

$

(12,411)

Food & beverage cost

(2,931)

(2,012)

(4,514)

(3,919)

Occupancy expense

(4,420)

(6,545)

(8,387)

(12,332)

Labor cost

(4,212)

(4,002)

(8,293)

(8,150)

Utilities

(1,332)

(1,337)

(2,551)

(2,645)

Cleaning and maintenance

(1,754)

(1,656)

(3,295)

(3,083)

Other operating expenses

(2,321)

(2,094)

(4,468)

(4,219)

$

(26,078)

$

(23,918)

$

(45,674)

$

(46,759)

Australia

Film rent and advertising cost

$

(6,586)

$

(4,947)

$

(10,542)

$

(9,395)

Food & beverage cost

(1,531)

(1,435)

(2,606)

(2,709)

Occupancy expense

(4,511)

(4,538)

(8,805)

(8,940)

Labor cost

(3,425)

(3,442)

(6,732)

(6,715)

Utilities

(651)

(640)

(1,493)

(1,452)

Cleaning and maintenance

(1,154)

(1,173)

(2,304)

(2,377)

Other operating expenses

(799)

(908)

(1,574)

(1,780)

$

(18,657)

$

(17,083)

$

(34,056)

$

(33,368)

New Zealand

Film rent and advertising cost

$

(1,141)

$

(752)

$

(1,789)

$

(1,434)

Food & beverage cost

(269)

(225)

(416)

(430)

Occupancy expense

(737)

(783)

(1,471)

(1,543)

Labor cost

(579)

(593)

(1,113)

(1,155)

Utilities

(136)

(101)

(234)

(198)

Cleaning and maintenance

(196)

(189)

(390)

(393)

Other operating expenses

(147)

(259)

(454)

(495)

$

(3,205)

$

(2,902)

$

(5,867)

$

(5,648)

Total operating expense

$

(47,940)

$

(43,903)

$

(85,597)

$

(85,775)

DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE

United States

Depreciation and amortization

$

(1,157)

$

(1,250)

$

(2,278)

$

(2,521)

General and administrative expense

(731)

(738)

(1,456)

(1,373)

$

(1,888)

$

(1,988)

$

(3,734)

$

(3,894)

Australia

Depreciation and amortization

$

(905)

$

(1,192)

$

(1,819)

$

(2,382)

General and administrative expense

(427)

(355)

(772)

(699)

$

(1,332)

$

(1,547)

$

(2,591)

$

(3,081)

New Zealand

Depreciation and amortization

$

(111)

$

(112)

$

(214)

$

(238)

General and administrative expense

(58)

—

(71)

—

$

(169)

$

(112)

$

(285)

$

(238)

Total depreciation, amortization, general and administrative expense

$

(3,389)

$

(3,647)

$

(6,610)

$

(7,213)

OPERATING INCOME (LOSS) - CINEMA

United States

$

2,292 

$

(4,426)

$

(855)

$

(7,868)

Australia

2,920 

(87)

1,944 

(582)

New Zealand

241 

(96)

(110)

(325)

Total Cinema operating income (loss)

$

5,453 

$

(4,609)

$

979 

$

(8,775)
Real Estate [Member]  
Segment Reporting Information [Line Items]  
Reconciliation To Net Income Attributable To Common Shareholders

Quarter Ended

Six Months Ended

(Dollars in thousands)

June 30, 2025

June 30, 2024

June 30, 2025

June 30, 2024

REVENUE

United States

Live theater rental and ancillary income

$

630 

$

416 

$

1,173 

$

828 

Property rental income

1,070 

1,067 

2,114 

2,139 

1,700 

1,483 

3,287 

2,967 

Australia

Property rental income

2,741 

3,177 

5,756 

6,261 

New Zealand

Property rental income

212 

353 

455 

718 

Total revenue

$

4,653 

$

5,013 

$

9,498 

$

9,946 

OPERATING EXPENSE

United States

Live theater cost

$

(255)

$

(279)

$

(492)

$

(512)

Occupancy expense

(174)

(160)

(352)

(354)

Labor cost

—

—

—

—

Utilities

16 

(49)

(28)

(79)

Cleaning and maintenance

(75)

(31)

(106)

(78)

Other operating expenses

(264)

(279)

(430)

(621)

$

(752)

$

(798)

$

(1,408)

$

(1,644)

Australia

Occupancy expense

$

(479)

$

(478)

$

(967)

$

(968)

Labor cost

(76)

(55)

(119)

(113)

Utilities

(20)

(19)

(34)

(33)

Cleaning and maintenance

(215)

(278)

(435)

(494)

Other operating expenses

(198)

(299)

(456)

(531)

$

(988)

$

(1,129)

$

(2,011)

$

(2,139)

New Zealand

Occupancy expense

$

(31)

$

(110)

$

(89)

$

(221)

Labor cost

—

(6)

(2)

(11)

Utilities

—

(16)

(5)

(36)

Cleaning and maintenance

—

(7)

(4)

(17)

Other operating expenses

(69)

(395)

(276)

(628)

$

(100)

$

(534)

$

(376)

$

(913)

Total operating expense

$

(1,840)

$

(2,461)

$

(3,795)

$

(4,696)

DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE

United States

Depreciation and amortization

$

(674)

$

(677)

$

(1,333)

$

(1,416)

General and administrative expense

(185)

(212)

(315)

(480)

(859)

(889)

(1,648)

(1,896)

Australia

Depreciation and amortization

$

(391)

$

(551)

$

(776)

$

(1,142)

General and administrative expense

(24)

(36)

(87)

(59)

(415)

(587)

(863)

(1,201)

New Zealand

Depreciation and amortization

(60)

(130)

(117)

(316)

General and administrative expense

—

—

(1)

—

(60)

(130)

(118)

(316)

Total depreciation, amortization, general and administrative expense

$

(1,334)

$

(1,606)

$

(2,629)

$

(3,413)

OPERATING INCOME (LOSS) - REAL ESTATE

United States

$

89 

$

(204)

$

231 

$

(573)

Australia

1,338 

1,461 

2,882 

2,921 

New Zealand

52 

(311)

(39)

(511)

Total real estate operating income (loss)

$

1,479 

$

946 

$

3,074 

$

1,837