Reading International shares surge 28.17% intraday as company explores asset development options including Philadelphia infrastructure projects.

Reading International surged 28.17% intraday, driven by its cinema operations across the U.S., Australia, and New Zealand, including 132 screens in the U.S., 58 in Australia, and 30 in New Zealand, as well as exploration of development options for real estate assets like the 6.5-acre Reading Viaduct in Philadelphia, where redevelopment focused on railway bed and bridge system upgrades since 2023.