Tearsheet

Reading International (RDI)


Market Price (5/6/2026): $1.11 | Market Cap: $25.2 Mil
Sector: Communication Services | Industry: Movies & Entertainment

Reading International (RDI)


Market Price (5/6/2026): $1.11
Market Cap: $25.2 Mil
Sector: Communication Services
Industry: Movies & Entertainment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Low stock price volatility
Vol 12M is 44%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail.

Weak multi-year price returns
2Y Excs Rtn is -77%, 3Y Excs Rtn is -140%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -5.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.6%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1390%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2%, Rev Chg QQuarterly Revenue Change % is -14%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -60%

Key risks
RDI key risks include [1] significant liquidity and debt pressure due to its negative stockholders' equity and negative working capital, Show more.

0 Low stock price volatility
Vol 12M is 44%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail.
2 Weak multi-year price returns
2Y Excs Rtn is -77%, 3Y Excs Rtn is -140%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -5.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.6%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1390%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2%, Rev Chg QQuarterly Revenue Change % is -14%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -60%
7 Key risks
RDI key risks include [1] significant liquidity and debt pressure due to its negative stockholders' equity and negative working capital, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Reading International (RDI) stock has gained about 5% since 1/31/2026 because of the following key factors:

1. Improved Full-Year 2025 Financial Performance.

Reading International reported a substantial improvement in its full-year 2025 financial results. The net loss attributable to the company improved by $21.2 million year-over-year, from a loss of $35.3 million in 2024 to $14.1 million in 2025, reflecting a significant narrowing of losses. Concurrently, the Full-Year 2025 Adjusted EBITDA experienced a considerable surge, increasing by $15.7 million, or 744%, to $17.8 million, up from $2.1 million in the previous year. This marked a positive financial trajectory for the company, signaling a credible recovery. While Q4 2025 global cinema revenue decreased by 14% and overall revenue for the full year 2025 saw a 4% decline, the significant improvement in key profitability metrics likely boosted investor sentiment.

2. Strategic Debt Reduction Through Asset Sales.

The company’s proactive strategy of monetizing select assets led to a significant reduction in its debt burden by the end of 2025. Reading International decreased its total outstanding borrowings by nearly 10%, from $202.7 million on December 31, 2024, to $185.1 million as of December 31, 2025. This substantial debt reduction was primarily driven by strategic property sales completed in 2025, including the Wellington, New Zealand properties for $21.5 million and the Cannon Park properties in Townsville, Australia, for $20.7 million, which collectively contributed to a $32.1 million cut in bank debt.

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Stock Movement Drivers

Fundamental Drivers

The 3.7% change in RDI stock from 1/31/2026 to 5/5/2026 was primarily driven by a 8.0% change in the company's P/S Multiple.
(LTM values as of)13120265052026Change
Stock Price ($)1.071.113.7%
Change Contribution By: 
Total Revenues ($ Mil)211203-3.9%
P/S Multiple0.10.18.0%
Shares Outstanding (Mil)23230.0%
Cumulative Contribution3.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/5/2026
ReturnCorrelation
RDI3.7% 
Market (SPY)3.6%16.1%
Sector (XLC)-3.4%21.5%

Fundamental Drivers

The -20.2% change in RDI stock from 10/31/2025 to 5/5/2026 was primarily driven by a -13.7% change in the company's P/S Multiple.
(LTM values as of)103120255052026Change
Stock Price ($)1.391.11-20.2%
Change Contribution By: 
Total Revenues ($ Mil)219203-7.4%
P/S Multiple0.10.1-13.7%
Shares Outstanding (Mil)23230.0%
Cumulative Contribution-20.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/5/2026
ReturnCorrelation
RDI-20.2% 
Market (SPY)5.5%13.2%
Sector (XLC)1.4%15.1%

Fundamental Drivers

The -12.6% change in RDI stock from 4/30/2025 to 5/5/2026 was primarily driven by a -8.2% change in the company's P/S Multiple.
(LTM values as of)43020255052026Change
Stock Price ($)1.271.11-12.6%
Change Contribution By: 
Total Revenues ($ Mil)211203-3.6%
P/S Multiple0.10.1-8.2%
Shares Outstanding (Mil)2223-1.3%
Cumulative Contribution-12.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/5/2026
ReturnCorrelation
RDI-12.6% 
Market (SPY)30.4%15.1%
Sector (XLC)22.7%17.5%

Fundamental Drivers

The -65.7% change in RDI stock from 4/30/2023 to 5/5/2026 was primarily driven by a -64.7% change in the company's P/S Multiple.
(LTM values as of)43020235052026Change
Stock Price ($)3.241.11-65.7%
Change Contribution By: 
Total Revenues ($ Mil)203203-0.1%
P/S Multiple0.40.1-64.7%
Shares Outstanding (Mil)2223-2.9%
Cumulative Contribution-65.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/5/2026
ReturnCorrelation
RDI-65.7% 
Market (SPY)78.7%12.8%
Sector (XLC)99.5%12.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RDI Return-20%-31%-31%-31%-20%5%-78%
Peers Return266%-34%7%30%-19%10%201%
S&P 500 Return27%-19%24%23%16%5%92%

Monthly Win Rates [3]
RDI Win Rate42%25%33%25%25%60% 
Peers Win Rate65%37%57%57%35%60% 
S&P 500 Win Rate75%42%67%75%67%40% 

Max Drawdowns [4]
RDI Max Drawdown-22%-34%-38%-35%-23%-5% 
Peers Max Drawdown-8%-40%-21%-25%-28%-10% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CNK, AMC, MCS, EPR, REG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/5/2026 (YTD)

How Low Can It Go

EventRDIS&P 500
2025 US Tariff Shock
  % Loss-21.3%-18.8%
  % Gain to Breakeven27.1%23.1%
  Time to Breakeven137 days79 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-26.2%-12.2%
  % Gain to Breakeven35.5%13.9%
  Time to Breakeven83 days62 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-15.7%-15.4%
  % Gain to Breakeven18.6%18.2%
  Time to Breakeven44 days125 days
2008-2009 Global Financial Crisis
  % Loss-71.4%-53.4%
  % Gain to Breakeven250.0%114.4%
  Time to Breakeven2065 days1085 days

Compare to CNK, AMC, MCS, EPR, REG

In The Past

Reading International's stock fell -21.3% during the 2025 US Tariff Shock. Such a loss loss requires a 27.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRDIS&P 500
2025 US Tariff Shock
  % Loss-21.3%-18.8%
  % Gain to Breakeven27.1%23.1%
  Time to Breakeven137 days79 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-26.2%-12.2%
  % Gain to Breakeven35.5%13.9%
  Time to Breakeven83 days62 days
2008-2009 Global Financial Crisis
  % Loss-71.4%-53.4%
  % Gain to Breakeven250.0%114.4%
  Time to Breakeven2065 days1085 days

Compare to CNK, AMC, MCS, EPR, REG

In The Past

Reading International's stock fell -21.3% during the 2025 US Tariff Shock. Such a loss loss requires a 27.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Reading International (RDI)

Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas brands. The Real Estate segment develops, rents, or licenses retail, commercial, and live theater assets. As of December 31, 2020, the company had interests in 63 cinemas comprising approximately 515 screens; fee interests in two live theaters; fee interest in 44 Union Square property; fee interest in one cinema in Manhattan; fee interests in two cinemas in Australia and three cinemas in New Zealand; fee interest in entertainment-themed centers; fee interest in 2 office buildings; and fee ownership of approximately 8.9 million square feet of developed and undeveloped real estate assets. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York.

AI Analysis | Feedback

  • It's like AMC Theatres combined with a commercial real estate developer.
  • Think of it as Cinemark operating alongside a diversified real estate investment trust (REIT).

AI Analysis | Feedback

  • Cinema Exhibition: Operating multiplex cinemas and film centers under various brands, providing film entertainment services to the public.
  • Real Estate Development and Management: Developing, renting, and licensing a diverse portfolio of real estate assets including retail, commercial, office, and live theater properties.

AI Analysis | Feedback

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Reading International (RDI) primarily sells to individuals through its Cinema Exhibition segment.

The major categories of individual customers it serves are:

  1. General Moviegoers: Individuals, couples, and families attending mainstream and independent films across its diverse portfolio of cinema brands, including Reading Cinemas, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas. These customers seek general entertainment and movie-watching experiences.
  2. Arthouse and Independent Film Enthusiasts: Patrons specifically drawn to the curated selection of independent, foreign, and specialized films offered by brands like the Angelika Film Center, who typically value unique cinematic experiences and artistic content.
  3. Live Entertainment Audiences: Individuals attending live performances, theatrical productions, concerts, and other special events hosted at the company's live theater assets and entertainment-themed centers.
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Ellen M. Cotter, Chief Executive Officer and President

Ellen M. Cotter joined Reading International in March 1998 and has served as Chief Executive Officer and President since January 8, 2016, following a period as interim CEO and President. Prior to her appointment, she spent over ten years as Chief Operating Officer of the company’s domestic cinema operations. Before joining Reading International, Ms. Cotter was a corporate attorney with the law firm White & Case in New York City for four years. She holds a Juris Doctor from Georgetown University Law Center and is a graduate of Smith College. Ms. Cotter also serves as a director of Cecelia Packing Corporation, a family-owned citrus grower, packer, and marketer.

Gilbert Avanes, Executive Vice President, Chief Financial Officer and Treasurer

Gilbert Avanes was appointed Executive Vice President, Chief Financial Officer, and Treasurer on November 5, 2019. He has been an employee of and consultant to Reading International since August 2007, serving as Interim Chief Financial Officer and Treasurer from January 2019 to November 2019. His previous roles within the company include Vice President of Financial Planning and Analysis and Senior Director of Financial Planning and Analysis.

Margaret Cotter, Chair of the Board and Executive Vice President-Real Estate Management and Development

Margaret Cotter joined Reading International's Board in September 2002 and was elected Chair of the Board on December 8, 2020. Since March 10, 2016, she has served as Executive Vice President-Real Estate Management and Development, overseeing the development, management, and leasing of the company’s real estate assets, including the 44 Union Square property. Prior to this, she was the owner and President of OBI, LLC, which managed Reading International’s live theatre operations and provided development services for its New York theatre and cinema properties. Ms. Cotter also served as President of Liberty Theaters, LLC. She is a former prosecutor for the Brooklyn District Attorney in New York and is a graduate of Georgetown University and Georgetown University Law Center.

Andrzej Matyczynski, Executive Vice President – Global Operations

Andrzej Matyczynski was appointed Executive Vice President – Global Operations on March 10, 2016. He previously served as Chief Financial Officer and Treasurer for Reading International from November 1999 until May 2015. Before joining the company, Mr. Matyczynski spent 20 years in various senior roles at Beckman Coulter Inc., a U.S.-based multi-national corporation. He holds a Master’s Degree in Business Administration from the University of Southern California.

Robert F. Smerling, President of US Cinemas

Robert F. Smerling has served as President of Reading International's domestic cinema operations since 1994, playing a role in the acquisition and development of all existing cinemas. Before joining Reading International, Mr. Smerling was the President of Loews Theaters, a wholly owned subsidiary of Sony, where he oversaw the operations of approximately 600 cinemas and the development of more than 25 new multiplex cinemas.

AI Analysis | Feedback

Here are the key risks to Reading International (RDI):

  1. High Leverage, Debt Pressure, and Persistent Unprofitability

    Reading International faces significant financial challenges, primarily due to high debt levels and negative profitability. The company's net debt to EBITDA ratio is notably high, raising concerns about refinancing and interest costs, especially in a rising interest rate environment. Both operating margin and return on invested capital have remained negative, indicating struggles in covering fixed costs. As of September 30, 2025, the company reported negative stockholders' equity and a negative working capital position, underscoring constant pressure to manage short-term obligations. High interest bills have significantly weighed on the business, with interest payments exceeding EBITDA in some periods. The company is currently unprofitable and is not forecast to become profitable in the next three years.

  2. Decline in Cinema Attendance and Intense Competition from Streaming Services

    The cinema exhibition segment, which is a major part of Reading International's business, is highly vulnerable to declining movie theater attendance and the increasing competition from streaming services. The industry's revenue is heavily dependent on the release of appealing films and consumers' willingness to spend on discretionary entertainment. The COVID-19 pandemic significantly impacted cinemas, leading to closures and sustained changes in audience behavior, with a portion of audiences not returning to regular moviegoing. The rise of streaming has led to consumers being accustomed to shorter windows between theatrical release and home viewing, and overall cinema-going is increasingly viewed as a "treat" rather than a routine outing.

  3. Vulnerability to Macroeconomic Downturns and Shifting Real Estate Market Dynamics

    Both of Reading International's segments are susceptible to broader economic fluctuations. Cinema attendance is a discretionary expense, making it vulnerable during economic slowdowns. The real estate segment, which includes retail, commercial, and live theater assets, is also impacted by macroeconomic conditions such as recessions, which can lead to increased unemployment and businesses struggling to pay rent or terminating lease agreements, thereby increasing vacancy rates and reducing income for property owners. Furthermore, ongoing structural changes in the real estate market, such as the shift towards e-commerce impacting physical retail spaces, can affect property values and demand for their assets.

AI Analysis | Feedback

  • The increasing prevalence of direct-to-streaming releases by major studios and the ongoing growth of subscription video-on-demand (SVOD) services, which offer a compelling alternative to theatrical viewing, directly threatens the cinema exhibition model by eroding the exclusive theatrical window and shifting consumer entertainment consumption habits.
  • The widespread adoption of remote and hybrid work models has created an emerging threat to demand for traditional commercial office space, potentially impacting occupancy rates and rental income for Reading International's office building assets.

AI Analysis | Feedback

The addressable markets for Reading International's main products and services are sized as follows:

Cinema Exhibition Segment

  • United States: The U.S. movie market was approximately USD 23.44 billion in 2024. The U.S. movie theaters market is anticipated to reach USD 20.11 billion in 2026.
  • Australia: The Australian box office is forecast to exceed A$1 billion (approximately USD 650 million) in 2025.
  • New Zealand: New Zealand's Cinemas industry revenue is projected to be approximately NZ$270.1 million (approximately USD 162.06 million) in 2025-26.

Real Estate Segment (includes Retail, Commercial, and Live Theater Assets)

  • United States Commercial Real Estate: The U.S. commercial real estate market was valued at USD 22.5 trillion as of the fourth quarter of 2023 (total market value of assets).
  • United States Live Theater: The U.S. Performing Art Companies Market size was USD 47.04 billion in 2024.
  • Australia Real Estate (Commercial and Retail): The Australia Real Estate and Smart Retail Spaces Market is valued at USD 1,200 billion (based on a five-year historical analysis, likely representing total asset value). Commercial property transaction volumes in Australia reached A$49.8 billion (approximately USD 32.37 billion) in 2025. Retail investment volumes in Australia reached USD 11.3 billion in 2025.
  • Australia Live Theater: The Musical & Theatre Productions industry in Australia is projected to be A$3.2 billion (approximately USD 2.08 billion) in 2026.
  • New Zealand Commercial Real Estate (including retail and commercial): The total value of the commercial real estate market in New Zealand is anticipated to surpass NZ$400 billion (approximately USD 240 billion) in 2025.
  • New Zealand Live Theater: The Performing Arts Operation market size in New Zealand is NZ$253.8 million (approximately USD 152.28 million) in 2025.

AI Analysis | Feedback

Reading International (RDI) is expected to experience future revenue growth driven by several key factors over the next 2-3 years:

Expected Drivers of Future Revenue Growth for Reading International (RDI)

  • Strategic Monetization and Development of Real Estate Assets: Reading International plans to drive revenue growth through the strategic monetization of its substantial real estate holdings, which includes selling non-core properties to reduce debt and free up capital for other investments. Furthermore, the development of key real estate projects, such as 44 Union Square in New York and Courtenay Central, is anticipated to generate significant revenue, with the U.S. Real Estate segment already showing a 35% increase in revenue in Q3 2025. This real estate development is considered a "unique, non-correlated growth driver" with "transformative potential" for the company.
  • Post-Pandemic Recovery and Growth in Cinema Attendance and Ticket Sales: The company anticipates a strong recovery and growth in its cinema exhibition segment, particularly in 2026, fueled by an "exciting film slate including major franchises." The cinema industry, while still recovering, is seeing "rebounding cinema attendance" which is expected to contribute to increased ticket and concession sales.
  • Enhancement of Cinema Offerings and Operational Efficiency: Reading International is focused on maximizing revenue from its existing cinema assets through "premium offerings, and digital enhancements." These improvements aim to enhance the customer experience, drive "improved per-visitor economics across all markets," and ultimately lead to higher revenue generated from their current cinema footprint.

AI Analysis | Feedback

Here is a summary of Reading International's (RDI) capital allocation decisions over the last 3-5 years:

Share Repurchases

  • Reading International has not reported significant share repurchases over the last 3-5 years. The company's treasury shares remained constant at $(40,407) thousand in financial reports up to June 30, 2025.
  • As of the fourth quarter of 2022, share repurchases were deferred to preserve capital.

Share Issuance

  • Reading International has had minor share issuances, primarily related to employee incentive plans.
  • In 2024, 85,139 Restricted Stock Units (RSUs) and 52,360 RSUs (related to the 2022 Compensation Plan) vested, resulting in $1.6 million in compensation expense recognized during 2023 and 2024.
  • The company's additional paid-in capital increased from $157,751 thousand at December 31, 2024, to $158,696 thousand at June 30, 2025.

Outbound Investments

  • Reading International made several strategic asset sales to reduce debt and improve liquidity.
  • In January 2025, the company sold its Courtenay Central property in Wellington, New Zealand, for NZ$38 million (approximately US$23.5 million).
  • In the second quarter of 2025, Reading International sold its Cannon Park property in Australia, generating a gain of $1.8 million.
  • In early 2024, the administrative building in Culver City, California, was sold, freeing up approximately $1.3 million in cash after paying off associated debt.

Capital Expenditures

  • In 2024, capital expenditures totaled $5.5 million.
  • For 2023, the company invested $33.9 million in capital improvements.
  • In 2022, Reading International allocated $6.3 million to upgrade and expand its cinema assets and $2.6 million for non-cinema real estate.
  • For 2025, the highest priority for capital allocation is debt reduction, but plans include upgrading at least four theaters: one in Australia, two in the U.S., and one in New Zealand.

Better Bets vs. Reading International (RDI)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Reading International Earnings Notes12/16/2025
Title
0ARTICLES

Trade Ideas

Select ideas related to RDI.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CMCSA_4242026_Dip_Buyer_FCFYield04242026CMCSAComcastDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.9%-1.9%-2.9%
TTD_4022026_Dip_Buyer_High_CFO_Margins_ExInd_DE04022026TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.0%7.0%-8.9%
META_3272026_Dip_Buyer_ValueBuy03272026METAMeta PlatformsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
16.4%16.4%0.0%
CARG_3062026_Insider_Buying_GTE_1Mil_EBITp+DE_V203062026CARGCarGurusInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
8.3%8.3%-8.3%
YELP_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026YELPYelpDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
31.6%31.6%-5.7%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RDICNKAMCMCSEPRREGMedian
NameReading .Cinemark AMC Ente.Marcus EPR Prop.Regency . 
Mkt Price1.1127.001.5918.1455.9978.8922.57
Mkt Cap0.03.10.80.64.314.42.0
Rev LTM2033,2174,8497646731,5851,175
Op Inc LTM-53924024380592210
FCF LTM-2260-36637421819149
FCF 3Y Avg-5249-36928420776139
CFO LTM-2495-120104421819263
CFO 3Y Avg-5426-12994420776257

Growth & Margins

RDICNKAMCMCSEPRREGMedian
NameReading .Cinemark AMC Ente.Marcus EPR Prop.Regency . 
Rev Chg LTM-3.6%6.9%4.6%2.5%5.0%7.8%4.8%
Rev Chg 3Y Avg0.2%7.5%8.0%3.1%3.4%8.6%5.5%
Rev Chg Q-14.2%18.9%-1.4%3.8%5.7%8.3%4.7%
QoQ Delta Rev Chg LTM-3.9%3.3%-0.4%0.7%1.4%2.0%1.1%
Op Inc Chg LTM62.2%22.2%695.6%33.1%7.3%11.7%27.6%
Op Inc Chg 3Y Avg33.6%52.5%229.8%16.8%3.8%7.9%25.2%
Op Mgn LTM-2.6%12.2%0.8%3.2%56.5%37.3%7.7%
Op Mgn 3Y Avg-4.9%11.6%0.5%3.1%56.3%36.1%7.4%
QoQ Delta Op Mgn LTM-1.3%1.2%1.4%0.3%1.5%-0.2%0.8%
CFO/Rev LTM-0.8%15.4%-2.5%13.7%62.6%51.7%14.5%
CFO/Rev 3Y Avg-2.3%13.8%-2.7%12.7%63.9%52.7%13.2%
FCF/Rev LTM-0.8%8.1%-7.5%4.9%62.6%51.7%6.5%
FCF/Rev 3Y Avg-2.3%8.1%-7.7%3.8%63.9%52.7%5.9%

Valuation

RDICNKAMCMCSEPRREGMedian
NameReading .Cinemark AMC Ente.Marcus EPR Prop.Regency . 
Mkt Cap0.03.10.80.64.314.42.0
P/S0.11.00.20.76.39.10.8
P/Op Inc-4.87.920.222.911.224.415.7
P/EBIT6.18.8-8.426.310.618.79.7
P/E-1.818.1-1.339.315.526.416.8
P/CFO-16.06.3-6.85.310.117.65.8
Total Yield-56.1%6.1%-77.5%4.2%6.4%8.4%5.2%
Dividend Yield0.0%0.6%0.0%1.7%0.0%4.6%0.3%
FCF Yield 3Y Avg-14.1%9.3%-32.7%5.8%11.7%6.1%6.0%
D/E14.31.010.00.60.70.40.9
Net D/E13.90.99.40.60.70.40.8

Returns

RDICNKAMCMCSEPRREGMedian
NameReading .Cinemark AMC Ente.Marcus EPR Prop.Regency . 
1M Rtn1.8%-7.7%42.0%1.6%10.0%2.5%2.2%
3M Rtn4.7%9.7%15.2%21.5%2.9%9.9%9.8%
6M Rtn-18.4%1.6%-36.7%25.5%17.0%16.5%9.1%
12M Rtn-21.3%-8.3%-39.8%12.9%19.7%13.3%2.3%
3Y Rtn-65.8%69.9%-96.9%15.9%64.4%46.7%31.3%
1M Excs Rtn-6.5%-20.2%16.4%-11.4%0.8%-6.8%-6.7%
3M Excs Rtn-0.2%4.8%10.3%16.5%-2.1%5.0%4.9%
6M Excs Rtn-26.3%-5.5%-44.7%21.2%12.0%10.7%2.6%
12M Excs Rtn-41.6%-37.5%-68.3%-18.6%-7.9%-15.2%-28.0%
3Y Excs Rtn-139.8%-11.7%-170.8%-64.7%-8.3%-29.0%-46.9%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Real estate207236247257313
Cinema191230268316357
Corporate73677211420
Total471533587688690


Price Behavior

Price Behavior
Market Price$1.11 
Market Cap ($ Bil)0.0 
First Trading Date03/17/1992 
Distance from 52W High-30.2% 
   50 Days200 Days
DMA Price$1.11$1.25
DMA Trenddownup
Distance from DMA-0.0%-11.0%
 3M1YR
Volatility42.0%42.9%
Downside Capture0.180.42
Upside Capture44.5527.35
Correlation (SPY)15.7%14.5%
RDI Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.760.480.450.360.530.43
Up Beta0.120.430.110.300.490.54
Down Beta-2.061.011.230.430.720.54
Up Capture91%64%41%8%24%1%
Bmk +ve Days15223166141428
Stock +ve Days10202750105322
Down Capture526%7%36%65%71%78%
Bmk -ve Days4183056108321
Stock -ve Days11203163120360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RDI
RDI-10.5%43.8%-0.13-
Sector ETF (XLC)20.3%13.2%1.1416.5%
Equity (SPY)27.8%12.5%1.7314.2%
Gold (GLD)40.6%27.2%1.237.7%
Commodities (DBC)50.1%18.0%2.160.6%
Real Estate (VNQ)11.0%13.4%0.537.2%
Bitcoin (BTCUSD)-17.3%42.2%-0.344.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RDI
RDI-28.1%47.0%-0.54-
Sector ETF (XLC)9.6%20.7%0.3719.8%
Equity (SPY)12.8%17.1%0.5919.5%
Gold (GLD)20.2%17.9%0.925.1%
Commodities (DBC)14.0%19.1%0.608.1%
Real Estate (VNQ)3.4%18.8%0.0919.8%
Bitcoin (BTCUSD)7.9%56.2%0.356.8%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RDI
RDI-21.4%48.0%-0.32-
Sector ETF (XLC)9.6%22.3%0.5122.1%
Equity (SPY)14.9%17.9%0.7127.0%
Gold (GLD)13.4%15.9%0.70-4.3%
Commodities (DBC)9.6%17.7%0.4513.1%
Real Estate (VNQ)5.6%20.7%0.2329.6%
Bitcoin (BTCUSD)67.4%66.9%1.064.1%

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Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 3312026-30.2%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1.8 days
Basic Shares Quantity22.7 Mil
Short % of Basic Shares0.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/31/2026-3.5%-4.4%0.9%
11/14/2025-3.1%-7.1%-14.2%
8/14/2025-2.8%-4.2%4.9%
4/3/20250.0%-6.3%11.1%
11/14/2024-3.4%-6.9%4.1%
8/14/2024-2.8%23.9%26.8%
4/3/2024-1.6%-1.1%-8.7%
11/15/20231.4%-0.6%3.3%
...
SUMMARY STATS   
# Positive859
# Negative10139
Median Positive1.6%6.8%5.5%
Median Negative-3.0%-4.4%-10.3%
Max Positive12.7%23.9%26.8%
Max Negative-10.9%-7.6%-17.0%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/31/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/29/202410-K
09/30/202311/15/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/31/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lucas, Steven JohnVP, Controller & CAODirectSell62320251.3440,00053,63925,426Form