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

Quarter Ended

Quarter Ended

Nine Months Ended

Nine Months Ended

September 30, 2025

September 30, 2024

September 30, 2025

September 30, 2024

(Dollars in thousands)

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Revenue - third party

$

48,555

$

3,615

$

52,170

$

56,357

$

3,733

$

60,090

$

141,740

$

10,976

$

152,716

$

140,570

$

11,381

$

151,951

Inter-segment revenue (1)

—

952

952

—

1,165

1,165

—

3,089

3,089

—

3,463

3,463

Total segment revenue

48,555

4,567

53,122

56,357

4,898

61,255

141,740

14,065

155,805

140,570

14,844

155,414

Operating expense

Operating Expense - Third Party

(42,742)

(1,863)

(44,605)

(49,468)

(2,106)

(51,574)

(126,203)

(5,658)

(131,861)

(132,944)

(6,801)

(139,745)

Inter-Segment Operating Expenses (1)

(952)

—

(952)

(1,165)

—

(1,165)

(3,089)

—

(3,089)

(3,463)

—

(3,463)

Total of services and products (excluding depreciation and amortization)

(43,694)

(1,863)

(45,557)

(50,633)

(2,106)

(52,739)

(129,292)

(5,658)

(134,950)

(136,407)

(6,801)

(143,208)

Depreciation and amortization

(2,045)

(1,115)

(3,160)

(2,608)

(1,210)

(3,818)

(6,358)

(3,341)

(9,699)

(7,753)

(4,084)

(11,837)

General and administrative expense

(1,060)

(202)

(1,262)

(903)

(186)

(1,089)

(3,358)

(605)

(3,963)

(2,973)

(725)

(3,698)

Total operating expense

(46,799)

(3,180)

(49,979)

(54,144)

(3,502)

(57,646)

(139,008)

(9,604)

(148,612)

(147,133)

(11,610)

(158,743)

Segment operating income (loss)

$

1,756

$

1,387

$

3,143

$

2,213

$

1,396

$

3,609

$

2,732

$

4,461

$

7,193

$

(6,563)

$

3,234

$

(3,329)

(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

Nine Months Ended

(Dollars in thousands)

September 30, 2025

September 30, 2024

September 30, 2025

September 30, 2024

Segment operating income (loss)

$

3,143

$

3,609

$

7,193

$

(3,329)

Unallocated corporate expense:

Depreciation and amortization expense

(75)

(106)

(293)

(305)

General and administrative expense

(3,397)

(3,846)

(11,231)

(11,928)

Interest expense, net

(4,174)

(5,245)

(13,270)

(15,907)

Equity earnings (loss) of unconsolidated joint ventures

121

71

428

164

Gain (loss) on sale of assets

(66)

(208)

8,332

(1,324)

Other (expense) income

462

(714)

(2,145)

(593)

Income (loss) before income taxes

$

(3,986)

$

(6,439)

$

(10,986)

$

(33,222)
Summary Of Assets

September 30,

December 31,

(Dollars in thousands)

2025

2024

By segment:

Cinema

$

184,983

$

191,008

Real estate

176,407

207,044

Corporate (1)

73,796

72,959

Total assets

$

435,186

$

471,011

By country:

United States

$

248,690

$

264,284

Australia

162,505

167,667

New Zealand

23,991

39,060

Total assets

$

435,186

$

471,011


‎(1) Corporate Assets includes cash and cash equivalents of $10.5 million and $7.0 million as of September 30, 2025 and December 31, 2024, respectively.
Schedule Of Operating Property By Country

September 30,

December 31,

(Dollars in thousands)

2025

2024

United States

$

141,696

$

146,531

Australia

59,804

59,081

New Zealand

9,025

9,082

Total operating property

$

210,525

$

214,694
Summary Of Capital Expenditures

Nine Months Ended

(Dollars in thousands)

September 30, 2025

September 30, 2024

Segment capital expenditures

$

1,411

$

2,028

Corporate capital expenditures

—

—

Total capital expenditures

$

1,411

$

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

Quarter Ended

Nine Months Ended

(Dollars in thousands)

September 30, 2025

September 30, 2024

September 30, 2025

September 30, 2024

REVENUE

United States

Admissions revenue

$

13,784 

$

15,445 

$

40,128 

$

39,368 

Concessions revenue

9,276 

9,824 

26,659 

24,237 

Advertising and other revenue

2,062 

2,547 

6,889 

6,996 

$

25,122 

$

27,816 

$

73,676 

$

70,601 

Australia

Admissions revenue

$

12,396 

$

14,445 

$

36,301 

$

35,559 

Concessions revenue

6,459 

8,691 

18,528 

20,805 

Advertising and other revenue

1,657 

1,609 

4,274 

4,248 

$

20,512 

$

24,745 

$

59,103 

$

60,612 

New Zealand

Admissions revenue

$

1,836 

$

2,215 

$

5,718 

$

5,559 

Concessions revenue

906 

1,339 

2,807 

3,262 

Advertising and other revenue

179 

242 

436 

536 

$

2,921 

$

3,796 

$

8,961 

$

9,357 

Total revenue

$

48,555 

$

56,357 

$

141,740 

$

140,570 

OPERATING EXPENSE

United States

Film rent and advertising cost

$

(7,557)

$

(8,783)

$

(21,723)

$

(21,192)

Food & beverage cost

(2,344)

(2,632)

(6,858)

(6,550)

Occupancy expense

(4,112)

(5,198)

(12,499)

(17,530)

Labor cost

(4,184)

(4,657)

(12,477)

(12,807)

Utilities

(1,657)

(1,957)

(4,207)

(4,602)

Cleaning and maintenance

(1,751)

(1,914)

(5,046)

(4,998)

Other operating expenses

(1,872)

(1,860)

(6,339)

(6,078)

$

(23,477)

$

(27,001)

$

(69,149)

$

(73,757)

Australia

Film rent and advertising cost

$

(5,484)

$

(6,775)

$

(16,026)

$

(16,170)

Food & beverage cost

(1,328)

(1,922)

(3,934)

(4,631)

Occupancy expense

(4,415)

(4,673)

(13,221)

(13,612)

Labor cost

(3,377)

(3,794)

(10,108)

(10,510)

Utilities

(815)

(719)

(2,308)

(2,171)

Cleaning and maintenance

(1,163)

(1,352)

(3,466)

(3,728)

Other operating expenses

(903)

(966)

(2,477)

(2,747)

$

(17,485)

$

(20,201)

$

(51,540)

$

(53,569)

New Zealand

Film rent and advertising cost

$

(803)

$

(1,048)

$

(2,592)

$

(2,482)

Food & beverage cost

(159)

(273)

(575)

(703)

Occupancy expense

(746)

(804)

(2,216)

(2,347)

Labor cost

(504)

(631)

(1,617)

(1,786)

Utilities

(173)

(114)

(407)

(311)

Cleaning and maintenance

(182)

(256)

(572)

(650)

Other operating expenses

(165)

(305)

(624)

(802)

$

(2,732)

$

(3,431)

$

(8,603)

$

(9,081)

Total operating expense

$

(43,694)

$

(50,633)

$

(129,292)

$

(136,407)

DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE

United States

Depreciation and amortization

$

(1,043)

$

(1,259)

$

(3,321)

$

(3,784)

General and administrative expense

(674)

(513)

(2,130)

(1,885)

$

(1,717)

$

(1,772)

$

(5,451)

$

(5,669)

Australia

Depreciation and amortization

$

(895)

$

(1,237)

$

(2,714)

$

(3,619)

General and administrative expense

(314)

(389)

(1,086)

(1,087)

$

(1,209)

$

(1,626)

$

(3,800)

$

(4,706)

New Zealand

Depreciation and amortization

$

(107)

$

(112)

$

(323)

$

(350)

General and administrative expense

(72)

(1)

(142)

(1)

$

(179)

$

(113)

$

(465)

$

(351)

Total depreciation, amortization, general and administrative expense

$

(3,105)

$

(3,511)

$

(9,716)

$

(10,726)

OPERATING INCOME (LOSS) - CINEMA

United States

$

(72)

$

(957)

$

(924)

$

(8,825)

Australia

1,818 

2,918 

3,763 

2,337 

New Zealand

10 

252 

(107)

(75)

Total Cinema operating income (loss)

$

1,756 

$

2,213 

$

2,732 

$

(6,563)
Real Estate [Member]  
Segment Reporting Information [Line Items]  
Reconciliation To Net Income Attributable To Common Shareholders

Quarter Ended

Nine Months Ended

(Dollars in thousands)

September 30, 2025

September 30, 2024

September 30, 2025

September 30, 2024

REVENUE

United States

Live theatre rental and ancillary income

$

902 

$

391 

$

2,075 

$

1,220 

Property rental income

1,050 

1,053 

3,164 

3,192 

1,952 

1,444 

5,239 

4,412 

Australia

Property rental income

2,394 

3,082 

8,150 

9,342 

New Zealand

Property rental income

221 

372 

676 

1,090 

Total revenue

$

4,567 

$

4,898 

$

14,065 

$

14,844 

OPERATING EXPENSE

United States

Live theatre cost

$

(304)

$

(196)

$

(796)

$

(706)

Occupancy expense

(207)

(167)

(559)

(521)

Utilities

(22)

(9)

(50)

(88)

Cleaning and maintenance

(52)

(37)

(158)

(115)

Other operating expenses

(288)

(245)

(718)

(865)

$

(873)

$

(654)

$

(2,281)

$

(2,295)

Australia

Occupancy expense

$

(421)

$

(509)

$

(1,389)

$

(1,477)

Labor cost

(42)

(69)

(161)

(182)

Utilities

(67)

(22)

(101)

(55)

Cleaning and maintenance

(198)

(232)

(634)

(726)

Other operating expenses

(191)

(165)

(648)

(697)

$

(919)

$

(997)

$

(2,933)

$

(3,137)

New Zealand

Occupancy expense

$

(6)

$

(129)

$

(95)

$

(350)

Labor cost

—

(6)

(2)

(17)

Utilities

—

(13)

(5)

(49)

Cleaning and maintenance

—

(15)

(4)

(33)

Other operating expenses

(65)

(292)

(338)

(920)

$

(71)

$

(455)

$

(444)

$

(1,369)

Total operating expense

$

(1,863)

$

(2,106)

$

(5,658)

$

(6,801)

DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE

United States

Depreciation and amortization

$

(658)

$

(673)

$

(1,991)

$

(2,089)

General and administrative expense

(168)

(193)

(483)

(673)

(826)

(866)

(2,474)

(2,762)

Australia

Depreciation and amortization

$

(397)

$

(490)

$

(1,173)

$

(1,632)

General and administrative expense

(34)

7 

(121)

(52)

(431)

(483)

(1,294)

(1,684)

New Zealand

Depreciation and amortization

(60)

(47)

(177)

(363)

General and administrative expense

—

—

(1)

—

(60)

(47)

(178)

(363)

Total depreciation, amortization, general and administrative expense

$

(1,317)

$

(1,396)

$

(3,946)

$

(4,809)

OPERATING INCOME (LOSS) - REAL ESTATE

United States

$

253 

$

(76)

$

484 

$

(645)

Australia

1,044 

1,602 

3,923 

4,521 

New Zealand

90 

(130)

54 

(642)

Total real estate operating income (loss)

$

1,387 

$

1,396 

$

4,461 

$

3,234