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Investments In Unconsolidated Joint Ventures | 9 Months Ended
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Sep. 30, 2024
Investments In Unconsolidated Joint Ventures [Abstract] |
Investments In Unconsolidated Joint Ventures | Note 9 – Investments in Unconsolidated Joint Ventures Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting. The table below summarizes our active investment holdings in two (2) unconsolidated joint ventures as of September 30, 2024, and December 31, 2023:
|  |  |  | September 30, |  | December 31,
(Dollars in thousands) |  | Interest |  | 2024 |  | 2023
Rialto Cinemas |  | 50.0% |  | $ | 727 |  | $ | 848
Mt. Gravatt |  | 33.3% |  |  | 3,567 |  |  | 3,908
Total investments |  |  |  | $ | 4,294 |  | $ | 4,756
For the quarter and nine months ended September 30, 2024 and 2023, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:
|  | Quarter Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(Dollars in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Rialto Cinemas |  | $ | (71) |  | $ | 25 |  | $ | (149) |  | $ | (14)
Mt. Gravatt |  |  | 142 |  |  | 192 |  |  | 313 |  |  | 457
Total equity earnings |  | $ | 71 |  | $ | 217 |  | $ | 164 |  | $ | 443

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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