Reading International sells NYC cinema property for $41M

READING INTERNATIONAL INC

Sutton Hill Properties, a Reading subsidiary, agreed to sell Cinemas 1, 2 & 3 at 1001-1007 Third Avenue, NYC for $41,000,000.
Buyer is 1001 Third Avenue LLC; $4.1M down payment paid into escrow, no financing or due diligence contingencies.
Existing mortgage of ~$19M on the property will be satisfied at closing, expected on or about October 30, 2026.
Sale proceeds net of mortgage and adjustments will be received at closing; contract to be filed with next periodic report.

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