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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting Information [Line Items]  
Summary Of Results Of Operations For Principal Business Segments

2025

2024

2023

(Dollars in thousands)

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Cinema

Real
‎Estate

Total

Revenue - third party

$

188,603

$

14,385

$

202,988

$

195,130

$

15,397

$

210,527

$

207,641

$

15,103

$

222,744

Inter-segment revenue (1)

—

4,036

4,036

—

4,609

4,609

—

4,767

4,767

Total segment revenue

188,603

18,421

207,024

195,130

20,006

215,136

207,641

19,870

227,511

Operating expense

Operating Expense - Third Party

(168,328)

(7,463)

(175,791)

(179,377)

(9,243)

(188,620)

(187,418)

(8,763)

(196,181)

Inter-Segment Operating Expenses (1)

(4,036)

—

(4,036)

(4,609)

—

(4,609)

(4,767)

—

(4,767)

Total of services and products (excluding depreciation and amortization)

(172,364)

(7,463)

(179,827)

(183,986)

(9,243)

(193,229)

(192,185)

(8,763)

(200,948)

Depreciation and amortization

(8,457)

(4,314)

(12,771)

(10,232)

(5,160)

(15,392)

(11,335)

(6,376)

(17,711)

General and administrative expense

(4,139)

(727)

(4,866)

(3,709)

(924)

(4,633)

(3,997)

(940)

(4,937)

Total operating expense

(184,960)

(12,504)

(197,464)

(197,927)

(15,327)

(213,254)

(207,517)

(16,079)

(223,596)

Segment operating income (loss)

$

3,643

$

5,917

$

9,560

$

(2,797)

$

4,679

$

1,882

$

124

$

3,791

$

3,915

(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

(Dollars in thousands)

2025

2024

2023

Segment operating income (loss)

$

9,560

$

1,882

$

3,915

Unallocated corporate expense:

Depreciation and amortization expense

(427)

(387)

(711)

General and administrative expense

(14,440)

(15,528)

(15,235)

Interest expense, net

(17,930)

(21,154)

(19,418)

Equity earnings (loss) of unconsolidated joint ventures

560

(387)

456

Gain (loss) on sale of assets

8,365

(1,371)

562

Gain (loss) on acquisition of noncontrolling interest

2,691

—

—

Other (expense) income

(2,178)

1,528

(164)

Income (loss) before income taxes

$

(13,799)

$

(35,417)

$

(30,595)
Summary Of Assets

December 31,

(Dollars in thousands)

2025

2024

By segment:

Cinema

$

184,162

$

191,008

Real estate

176,396

207,044

Corporate (1)

74,371

72,959

Total assets

$

434,929

$

471,011

By country:

United States

$

245,169

$

264,284

Australia

166,026

167,667

New Zealand

23,734

39,060

Total assets

$

434,929

$

471,011

(1)Corporate Assets includes cash and cash equivalents of $10.5 million and $12.3 million as of December 31, 2025 and 2024, respectively.
Schedule Of Operating Properties Net By Country

December 31,

(Dollars in thousands)

2025

2024

United States

$

140,179

$

146,531

Australia

58,934

59,081

New Zealand

8,861

9,082

Total operating properties, net

$

207,974

$

214,694
Summary Of Capital Expenditures

(Dollars in thousands)

2025

2024

2023

Segment capital expenditures

$

1,498

$

2,028

$

4,711

Corporate capital expenditures

—

—

—

Total capital expenditures

$

1,498

$

2,028

$

4,711
Cinema Exhibition [Member]  
Segment Reporting Information [Line Items]  
Reconciliation To Net Income Attributable To Common Shareholders

Year Ended

(Dollars in thousands)

December 31, 2025

December 31, 2024

December 31, 2023

REVENUE

United States

Admissions revenue

$

54,214 

$

55,782 

$

63,662 

Concessions revenue

35,523 

34,314 

38,884 

Advertising and other revenue

9,751 

9,842 

11,252 

$

99,488 

$

99,938 

$

113,798 

Australia

Admissions revenue

$

47,414

$

48,186 

$

48,630 

Concessions revenue

24,373 

27,670 

26,119 

Advertising and other revenue

5,949 

6,176 

5,276 

$

77,736

$

82,032 

$

80,025 

New Zealand

Admissions revenue

$

7,256

$

7,663 

$

8,509 

Concessions revenue

3,541 

4,375 

4,585 

Advertising and other revenue

582 

1,122 

724 

$

11,379

$

13,160 

$

13,818 

Total revenue

$

188,603 

$

195,130 

$

207,641 

OPERATING EXPENSE

United States

Film rent and advertising cost

$

(28,971)

$

(30,315)

$

(34,182)

Food & beverage cost

(9,108)

(9,071)

(10,070)

Occupancy expense

(16,962)

(22,516)

(25,090)

Labor cost

(16,482)

(17,323)

(17,397)

Utilities

(5,413)

(5,973)

(6,856)

Cleaning and maintenance

(6,670)

(6,664)

(8,155)

Other operating expenses

(8,665)

(7,948)

(9,459)

$

(92,271)

$

(99,810)

$

(111,209)

Australia

Film rent and advertising cost

$

(21,081)

$

(22,124)

$

(21,814)

Food & beverage cost

(5,290)

(6,141)

(5,609)

Occupancy expense

(17,708)

(18,086)

(17,207)

Labor cost

(13,613)

(14,040)

(13,243)

Utilities

(3,207)

(2,861)

(2,545)

Cleaning and maintenance

(4,614)

(5,069)

(4,696)

Other operating expenses

(3,342)

(3,597)

(3,313)

$

(68,855)

$

(71,918)

$

(68,427)

New Zealand

Film rent and advertising cost

$

(3,313)

$

(3,474)

$

(3,858)

Food & beverage cost

(733)

(947)

(911)

Occupancy expense

(2,883)

(3,106)

(3,081)

Labor cost

(2,115)

(2,385)

(2,417)

Utilities

(501)

(394)

(435)

Cleaning and maintenance

(759)

(886)

(971)

Other operating expenses

(934)

(1,066)

(876)

$

(11,238)

$

(12,258)

$

(12,549)

Total operating expense

$

(172,364)

$

(183,986)

$

(192,185)

DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE

United States

Depreciation and amortization

$

(4,403)

$

(5,011)

$

(5,911)

General and administrative expense

(2,594)

(2,368)

(2,502)

$

(6,997)

$

(7,379)

$

(8,413)

Australia

Depreciation and amortization

$

(3,623)

$

(4,763)

$

(4,824)

General and administrative expense

(1,355)

(1,325)

(1,495)

$

(4,978)

$

(6,088)

$

(6,319)

New Zealand

Depreciation and amortization

$

(432)

$

(458)

$

(600)

General and administrative expense

(189)

(16)

—

$

(621)

$

(474)

$

(600)

Total depreciation, amortization, general and administrative expense

$

(12,596)

$

(13,941)

$

(15,332)

OPERATING INCOME (LOSS) - CINEMA

United States

$

220

$

(7,251)

$

(5,824)

Australia

3,903

4,026 

5,279

New Zealand

(480)

428 

669

Total Cinema operating income (loss)

$

3,643

$

(2,797)

$

124 
Real Estate [Member]  
Segment Reporting Information [Line Items]  
Reconciliation To Net Income Attributable To Common Shareholders

Year Ended

(Dollars in thousands)

December 31, 2025

December 31, 2024

December 31, 2023

REVENUE

United States

Live theater rental and ancillary income

$

2,638 

$

2,024 

$

1,803 

Property rental income

4,243 

4,221 

4,395 

6,881 

6,245 

6,198 

Australia

Property rental income

10,659 

12,341 

12,163 

New Zealand

Property rental income

881 

1,420 

1,509 

Total revenue

$

18,421 

$

20,006 

$

19,870 

OPERATING EXPENSE

United States

Live theater cost

$

(1,048)

$

(1,024)

$

(765)

Occupancy expense

(734)

(694)

(789)

Utilities

(93)

(116)

(184)

Cleaning and maintenance

(198)

(183)

(170)

Other operating expenses

(1,073)

(1,096)

(1,237)

$

(3,146)

$

(3,113)

$

(3,145)

Australia

Occupancy expense

$

(1,829)

$

(1,988)

$

(1,956)

Labor cost

(174)

(247)

(218)

Utilities

(131)

(72)

(73)

Cleaning and maintenance

(853)

(983)

(927)

Other operating expenses

(736)

(929)

(892)

$

(3,723)

$

(4,219)

$

(4,066)

New Zealand

Occupancy expense

$

(167)

$

(474)

$

(418)

Labor cost

(2)

(22)

(99)

Utilities

(5)

(62)

(53)

Cleaning and maintenance

(4)

(44)

(33)

Other operating expenses

(416)

(1,309)

(949)

(594)

(1,911)

(1,552)

Total operating expense

$

(7,463)

$

(9,243)

$

(8,763)

DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE

United States

Depreciation and amortization

$

(2,500)

$

(2,628)

$

(3,104)

General and administrative expense

(649)

(866)

(700)

(3,149)

(3,494)

(3,804)

Australia

Depreciation and amortization

$

(1,580)

$

(2,091)

$

(2,514)

General and administrative expense

(76)

(58)

(240)

(1,656)

(2,149)

(2,754)

New Zealand

Depreciation and amortization

(235)

(441)

(758)

General and administrative expense

(1)

—

—

(236)

(441)

(758)

Total depreciation, amortization, general and administrative expense

$

(5,041)

$

(6,084)

$

(7,316)

OPERATING INCOME (LOSS) - REAL ESTATE

United States

$

586 

$

(362)

$

(751)

Australia

5,280 

5,973 

5,343 

New Zealand

51

(932)

(801)

Total real estate operating income (loss)

$

5,917

$

4,679 

$

3,791