Segment Reporting (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Segment Reporting Information [Line Items] |
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| Summary Of Results Of Operations For Principal Business Segments |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Three Months Ended | | March 31, 2026 | | March 31, 2025 | (Dollars in thousands) | Cinema | | Real
Estate | | Total | | Cinema | | Real
Estate | | Total | Revenue - third party | $ | 41,461 | | $ | 3,663 | | $ | 45,124 | | $ | 36,404 | | $ | 3,765 | | $ | 40,169 | Inter-segment revenue (1) | | — | | | 933 | | | 933 | | | — | | | 1,080 | | | 1,080 | Total segment revenue | | 41,461 | | | 4,596 | | | 46,057 | | | 36,404 | | | 4,845 | | | 41,249 | Operating expense | | | | | | | | | | | — | | | — | | | — | Operating Expense - Third Party | | (38,894) | | | (1,886) | | | (40,780) | | | (36,577) | | | (1,955) | | | (38,532) | Inter-Segment Operating Expenses (1) | | (933) | | | — | | | (933) | | | (1,080) | | | — | | | (1,080) | Total of services and products (excluding depreciation and amortization) | | (39,827) | | | (1,886) | | | (41,713) | | | (37,657) | | | (1,955) | | | (39,612) | Depreciation and amortization | | (1,993) | | | (1,141) | | | (3,134) | | | (2,141) | | | (1,102) | | | (3,243) | General and administrative expense | | (983) | | | (179) | | | (1,162) | | | (1,081) | | | (194) | | | (1,275) | Total operating expense | | (42,803) | | | (3,206) | | | (46,009) | | | (40,879) | | | (3,251) | | | (44,130) | Segment operating income (loss) | $ | (1,342) | | $ | 1,390 | | $ | 48 | | $ | (4,475) | | $ | 1,594 | | $ | (2,881) |
(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.
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| Reconciliation To Net Income Attributable To Common Shareholders |
| | | | | | | Three Months Ended | (Dollars in thousands) | March 31, 2026 | | March 31, 2025 | Segment operating income (loss) | $ | 48 | | $ | (2,881) | Unallocated corporate expense: | | | | | | Depreciation and amortization expense | | (96) | | | (133) | General and administrative expense | | (3,584) | | | (3,877) | Interest expense, net | | (4,228) | | | (4,742) | Equity earnings (loss) of unconsolidated joint ventures | | 71 | | | 23 | Gain (loss) on sale of assets | | — | | | 6,526 | Other (expense) income | | (488) | | | (331) | Income (loss) before income taxes | $ | (8,277) | | $ | (5,415) |
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| Summary Of Assets |
| | | | | | | | | | | | | | | | March 31, | | December 31, | (Dollars in thousands) | | 2026 | | 2025 | By segment: | | | | | | | Cinema | | $ | 184,611 | | $ | 184,162 | Real estate | | | 177,104 | | | 176,396 | Corporate (1) | | | 69,765 | | | 74,371 | Total assets | | $ | 431,480 | | $ | 434,929 | By country: | | | | | | | United States | | $ | 240,172 | | $ | 245,169 | Australia | | | 168,314 | | | 166,026 | New Zealand | | | 22,994 | | | 23,734 | Total assets | | $ | 431,480 | | $ | 434,929 |
(1) Corporate Assets includes cash and cash equivalents of $5.5 million and $10.5 million as of March 31, 2026 and December 31, 2025, respectively.
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| Schedule Of Operating Properties Net By Country |
| | | | | | | | | | | | | | | | March 31, | | December 31, | (Dollars in thousands) | | 2026 | | 2025 | United States | | $ | 114,795 | | $ | 140,179 | Australia | | | 59,511 | | | 58,934 | New Zealand | | | 8,651 | | | 8,861 | Total operating property | | $ | 182,957 | | $ | 207,974 |
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| Summary Of Capital Expenditures |
| | | | | | | Three Months Ended | (Dollars in thousands) | March 31, 2026 | | March 31, 2025 | Segment capital expenditures | $ | 556 | | $ | 406 | Corporate capital expenditures | | — | | | — | Total capital expenditures | $ | 556 | | $ | 406 |
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| Cinema Exhibition [Member] |
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| Segment Reporting Information [Line Items] |
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| Reconciliation To Net Income Attributable To Common Shareholders |
| | | | | | | | | | | Three Months Ended | (Dollars in thousands) | March 31, 2026 | | March 31, 2025 | REVENUE | | | | | | | United States | Admissions revenue | $ | 10,746 | | $ | 10,245 | | | Concessions revenue | | 6,708 | | | 6,108 | | | Advertising and other revenue | | 2,009 | | | 1,942 | | | | $ | 19,463 | | $ | 18,295 | | | | | | | | | | Australia | Admissions revenue | $ | 12,177 | | $ | 9,630 | | | Concessions revenue | | 6,086 | | | 4,856 | | | Advertising and other revenue | | 1,443 | | | 1,196 | | | | $ | 19,706 | | $ | 15,682 | | | | | | | | | | New Zealand | Admissions revenue | $ | 1,498 | | $ | 1,546 | | | Concessions revenue | | 679 | | | 766 | | | Advertising and other revenue | | 115 | | | 115 | | | | $ | 2,292 | | $ | 2,427 | | | | | | | | | | Total revenue | $ | 41,461 | | $ | 36,404 | | | | | | | | | OPERATING EXPENSE | | | | | | | United States | Film rent and advertising cost | $ | (5,639) | | $ | (5,058) | | | Food & beverage cost | | (1,627) | | | (1,583) | | | Occupancy expense | | (4,027) | | | (3,967) | | | Labor cost | | (3,661) | | | (4,082) | | | Utilities | | (1,203) | | | (1,218) | | | Cleaning and maintenance | | (1,287) | | | (1,541) | | | Other operating expenses | | (1,958) | | | (2,146) | | | | $ | (19,402) | | $ | (19,595) | | | | | | | | | | Australia | Film rent and advertising cost | $ | (5,075) | | $ | (3,956) | | | Food & beverage cost | | (1,366) | | | (1,075) | | | Occupancy expense | | (4,785) | | | (4,295) | | | Labor cost | | (3,699) | | | (3,307) | | | Utilities | | (1,080) | | | (842) | | | Cleaning and maintenance | | (1,131) | | | (1,149) | | | Other operating expenses | | (894) | | | (775) | | | | $ | (18,030) | | $ | (15,399) | | | | | | | | | | New Zealand | Film rent and advertising cost | $ | (580) | | $ | (649) | | | Food & beverage cost | | (139) | | | (148) | | | Occupancy expense | | (744) | | | (733) | | | Labor cost | | (483) | | | (534) | | | Utilities | | (99) | | | (98) | | | Cleaning and maintenance | | (145) | | | (194) | | | Other operating expenses | | (205) | | | (307) | | | | $ | (2,395) | | $ | (2,663) | | | | | | | | | | Total operating expense | $ | (39,827) | | $ | (37,657) | | | | | | | | | DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE | | | | | | | United States | Depreciation and amortization | $ | (969) | | $ | (1,121) | | | General and administrative expense | | (647) | | | (725) | | | | $ | (1,616) | | $ | (1,846) | | | | | | | | | | Australia | Depreciation and amortization | $ | (914) | | $ | (913) | | | General and administrative expense | | (336) | | | (344) | | | | $ | (1,250) | | $ | (1,257) | | | | | | | | | | New Zealand | Depreciation and amortization | $ | (110) | | $ | (107) | | | General and administrative expense | | — | | | (12) | | | | $ | (110) | | $ | (119) | | | | | | | | | | Total depreciation, amortization, general and administrative expense | $ | (2,976) | | $ | (3,222) | | | | | | | | | OPERATING INCOME (LOSS) - CINEMA | | | | | | | United States | $ | (1,555) | | $ | (3,146) | | Australia | | 426 | | | (974) | | New Zealand | | (213) | | | (355) | | Total Cinema operating income (loss) | $ | (1,342) | | $ | (4,475) |
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| Real Estate [Member] |
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| Segment Reporting Information [Line Items] |
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| Reconciliation To Net Income Attributable To Common Shareholders |
| | | | | | | | | | | Three Months Ended | (Dollars in thousands) | March 31, 2026 | | March 31, 2025 | REVENUE | | | | | | | United States | Live theatre rental and ancillary income | $ | 748 | | $ | 543 | | | Property rental income | | 1,052 | | | 1,044 | | | | | 1,800 | | | 1,587 | | Australia | Property rental income | | 2,582 | | | 3,015 | | New Zealand | Property rental income | | 214 | | | 243 | | Total revenue | $ | 4,596 | | $ | 4,845 | | | | | | | | | OPERATING EXPENSE | | | | | | | United States | Live theatre cost | $ | (272) | | $ | (237) | | | Occupancy expense | | (225) | | | (177) | | | Utilities | | (69) | | | (44) | | | Cleaning and maintenance | | (36) | | | (31) | | | Other operating expenses | | (215) | | | (165) | | | | $ | (817) | | $ | (654) | | | | | | | | | | Australia | Occupancy expense | $ | (451) | | $ | (487) | | | Labor cost | | (4) | | | (44) | | | Utilities | | (31) | | | (13) | | | Cleaning and maintenance | | (251) | | | (220) | | | Other operating expenses | | (247) | | | (258) | | | | $ | (984) | | $ | (1,022) | | | | | | | | | | New Zealand | Occupancy expense | $ | (34) | | $ | (58) | | | Labor cost | | — | | | (2) | | | Utilities | | — | | | (5) | | | Cleaning and maintenance | | — | | | (4) | | | Other operating expenses | | (51) | | | (210) | | | | $ | (85) | | $ | (279) | | | | | | | | | | Total operating expense | $ | (1,886) | | $ | (1,955) | | | | | | | | | DEPRECIATION, AMORTIZATION, GENERAL AND ADMINISTRATIVE EXPENSE | | | | | | | United States | Depreciation and amortization | $ | (657) | | $ | (660) | | | General and administrative expense | | (171) | | | (130) | | | | | (828) | | | (790) | | | | | | | | | | Australia | Depreciation and amortization | $ | (424) | | $ | (385) | | | General and administrative expense | | (8) | | | (63) | | | | | (432) | | | (448) | | | | | | | | | | New Zealand | Depreciation and amortization | | (60) | | | (57) | | | General and administrative expense | | — | | | (1) | | | | | (60) | | | (58) | | | | | | | | | | Total depreciation, amortization, general and administrative expense | $ | (1,320) | | $ | (1,296) | | | | | | | | | OPERATING INCOME (LOSS) - REAL ESTATE | | | | | | | United States | $ | 155 | | $ | 143 | | Australia | | 1,166 | | | 1,545 | | New Zealand | | 69 | | | (94) | | Total real estate operating income (loss) | $ | 1,390 | | $ | 1,594 |
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