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Last $12.93 USD
Change Today +0.09 / 0.70%
Volume 41.2K
RDI On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

reading international inc-a (RDI) Snapshot

Open
$12.88
Previous Close
$12.84
Day High
$13.03
Day Low
$12.63
52 Week High
06/4/15 - $14.45
52 Week Low
10/2/14 - $7.82
Market Cap
301.2M
Average Volume 10 Days
63.6K
EPS TTM
$1.47
Shares Outstanding
21.7M
EX-Date
--
P/E TM
8.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for READING INTERNATIONAL INC-A (RDI)

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reading international inc-a (RDI) Details

Reading International, Inc. engages in the development, ownership, 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 theatres. This segment manages its cinema exhibition businesses under the Reading Cinemas, Angelika Film Centers, Consolidated Theatres, City Cinemas, and Rialto brands. The Real Estate segment invests in, develops, and rents retail, commercial, and live theater assets. As of December 31, 2014, it had interests in 57 cinemas comprising approximately 472 screens; fee interests in 4 live theaters; and fee ownership of approximately 21.6 million square feet of developed and undeveloped real estate assets. The company was founded in 1937 and is headquartered in Los Angeles, California.

2,596 Employees
Last Reported Date: 03/17/15
Founded in 1937

reading international inc-a (RDI) Top Compensated Officers

Chairman, Chief Executive Officer, Interim Pr...
Total Annual Compensation: $335.0K
President of Domestic Cinemas
Total Annual Compensation: $400.0K
Managing Director of Australia and New Zealan...
Total Annual Compensation: $339.0K
Consultant
Total Annual Compensation: $344.0K
Compensation as of Fiscal Year 2013.

reading international inc-a (RDI) Key Developments

Reading International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Reading International, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenue of $72,803,000 against $69,922,000 a year ago. Operating income was $10,486,000 against $8,499,000 a year ago. Income before income tax expense and equity earnings of unconsolidated joint ventures and entities was $17,087,000 against $6,315,000 a year ago. Income before equity earnings of unconsolidated joint ventures and entities was $15,523,000 against $4,473,000 a year ago. Net income attributable to company's common stockholders was $15,997,000 against $4,759,000 a year ago. Diluted earnings per share attributable to company's stockholders were $0.68 against $0.20 a year ago. EBITDA was $22,688,000 against $13,296,000 a year ago. For the six months, the company reported total operating revenue of $133,386,000 against $127,975,000 a year ago. Operating income was $15,718,000 against $11,081,000 a year ago. Income before income tax expense and equity earnings of unconsolidated joint ventures and entities was $22,476,000 against $7,343,000 a year ago. Income before equity earnings of unconsolidated joint ventures and entities was $18,388,000 against $3,908,000 a year ago. Net income attributable to company's common stockholders was $19,115,000 against $4,542,000 a year ago. Diluted earnings per share attributable to company's stockholders were $0.81 against $0.19 a year ago. EBITDA was $34,647,000 against $20,773,000 a year ago.

Reading International Announces Progress on International Real Estate Developments

Reading International, Inc. announced further updates regarding real estate developments in the United States, Australia and New Zealand. The company is continuing to progress the development of Union Square and Cinemas 1, 2, 3 (“Cinemas”) properties, each located in Manhattan. With respect to Union Square property, it has received authorization from the Landmarks Commission to redevelop the property adding approximately 23,000 square footage of rentable space to the current 46,000 square foot building, entered into a Development Management Agreement with Edifice Real Estate Partners, LLC, to assist in the supervision and administration of the project, and entered into a real estate brokerage agreement with Newmark Grubb Knight Frank to serve as exclusive marketing agent. While no assurances can be given, it is current intention to commence development in the first quarter of 2016. With respect to Cinemas property, it has received the consent of minority member to the redevelopment of the property. The current plans are to redevelop the property as a mixed use retail and residential and/or hotel property. The company has received Planning Council approval in June 2015 for the design and construction of an eight-screen cinema complex with 10,000 square feet (950 square meters) of specialty retail to be located below the theater and additional mezzanine level parking for a total cost of $27.0 million (AUD 35.0 million) in existing Newmarket (Brisbane, Australia) shopping center. Construction is expected to commence in the second quarter of 2016, with a projected opening in the fourth quarter of 2017.

Reading International, Inc. Announces Management Changes

Reading International, Inc. announced that its Board of Directors has appointed Ellen M. Cotter as interim President and Chief Executive Officer, succeeding James J. Cotter, Jr. Ms. Cotter is the Chairman of the Board of Directors of the company and has served as the senior operating officer of the company’s US cinemas operations for the past 14 years. Ellen M. Cotter has been a member of company’s Board of Directors since March 2013, and in August 2014 was appointed as Chairman of the Board.

 

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RDI:US $12.93 USD +0.09

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Industry Analysis

RDI

Industry Average

Valuation RDI Industry Range
Price/Earnings 7.5x
Price/Sales 1.1x
Price/Book 2.3x
Price/Cash Flow 5.0x
TEV/Sales 0.2x
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