Investments In Unconsolidated Joint Ventures

9 Months Ended

Sep. 30, 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 September 30, 2025, and December 31, 2024:

		September 30,		December 31,
(Dollars in thousands)	Interest	2025		2024
Rialto Cinemas	50.0%	$	(4)	$	—
Mt. Gravatt	33.3%		3,451		3,138
Total investments		$	3,447	$	3,138

For the quarter and nine months ended September 30, 2025 and 2024, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2025		2024		2025		2024
Rialto Cinemas	$	(51)	$	(71)	$	(4)	$	(149)
Mt. Gravatt		172		142		432		313
Total equity earnings	$	121	$	71	$	428	$	164