Reading International Inc. (RDIB)
NASDAQ (CM) NASDAQ (CM) Primary 
Reading International: Real Estate Sales Unlock Hidden Value
Recent and pending sales, including Courtenay Central and Cannon Park, will reduce net debt by over $44 million, with Q1 2025 results set to reveal visible balance sheet improvement. Reading's share count has remained flat for more than a decade, while major peers AMC, Cineworld/Regal, Cinemark, and Marcus diluted shareholders to survive pandemic and strike disruptions. Even after asset sales, retained properties are conservatively valued at over $215 million, exceeding pro-forma enterprise value, giving investors exposure to Reading's cinema business as a “free option”.
Reading International, Inc. (RDI) Q2 2024 Earnings Call Transcript
Reading International, Inc. (NASDAQ:RDI ) Q2 2024 Results Conference Call August 16, 2024 9:00 AM ET Company Participants Andrzej Matyczynski - Executive Vice President, Global Operations Ellen Cotter - President & Chief Executive Officer Gilbert Avanes - Executive Vice President, Chief Financial Officer, and Treasurer Andrzej Matyczynski Thank you for joining Reading International's Earnings Call to discuss our 2024 Second Quarter Results. My name is Andrzej Matyczynski, and I am Reading's Executive Vice President of Global Operations.
