Seaport Entertainment Group Inc. SEG R2K

Real Estate · Real Estate Services · United States

https://www.seaportentertainment.com

Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas. The company operates through three segments: Hospitality; Entertainment; and Landlord Operations. The Hospitality segment operates fine dining and casual dining restaurants, cocktail bars, and nightlife and entertainment venues under The Fulton, Mister Dips, Carne Mare, Malibu Farm, Gitano, and The Lawn Club brands. The Entertainment segment includes the Las Vegas Aviators Triple-A Minor League Baseball team, the Las Vegas Ballpark, the Fashion Show Mall Air Rights, events, and concerts, as well as various sponsorship agreements across the Seaport and the Las Vegas Ballpark. The Landlord Operations segment engages in the holding of ownership interests in and operation of physical real estate assets, such as restaurant, retail, office, and entertainment properties, as well as residential units. Seaport Entertainment Group Inc. was incorporated in 2024 and is headquartered in New York, New York.

Market & Price

Market Cap

$323.25M

Current Price

$25.25

High / Low (52W)

$26.86 / $17.93

Beta

Valuation

Stock P/E

Industry PE

26.58

Forward P/E

280.56

PEG Ratio

Book Value

$32.24

Price to Book

0.78

P/S

2.52

EV/EBITDA

-5.72

Dividend Yield

Profitability & Returns

ROCE

-17.20%

ROE

-26.47%

ROA

-9.82%

Profit Margin

-99.43%

Op Margin

EPS (Latest Qtr)

$-3.47

EPS (TTM)

$-11.24

Balance Sheet & Liquidity

Debt/Equity

0.22

Quick Ratio

10.28

Current Ratio

13.15

Debt

$94.97M

Total Assets

$650.12M

Current Assets

$249.19M

Working Capital

$221.87M

Ownership

Promoter Holding

3.04%

Chg in Prom Hold

FII / Inst Holding

84.80%

Chg in FII Hold

0.01%

Financial Snapshot

Enterprise Value

$313.29M

Total Revenue (TTM)

$128.29M

EBITDA

$-54.76M

Free Cash Flow

$-17.51M

Operating Cash Flow

$-39.53M

Shares Outstanding

12.80M

Gross Margin

-19.53%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

3.09%

Profit 5Y

-1.64%

Revenue (YoY)

-27.50%

Earnings (YoY)

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -1.6% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SEG Seaport Entertainment Group Inc. R2K	25.25	-	$323.25M	-	-17.20%	-26.47%	3.09%	-1.64%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	37.54M	40.49M	14.51M	33.67M	-	-	16.07M	39.80M	45.05M	29.49M	12.74M
Cost of Revenue	-	-	-	-	-	-	22.82M	33.13M	40.20M	32.21M	17.52M
Gross Profit	-	-	-	-	-	-	-6.75M	6.67M	4.85M	-2.72M	-4.78M
Operating Expenses	-	-	-	-	-	-	25.95M	22.68M	34.76M	25.77M	37.40M
Operating Income	-16.62M	-688.89M	-31.32M	-25.36M	-	-	-32.70M	-16.01M	-29.91M	-28.50M	-42.18M
EBITDA	-	-	-	-	-	-	-24.61M	-9.43M	-22.98M	-17.91M	-22.07M
Interest Expense	-	-	-	-	3.13M	-2.14M	-	-	128.00K	-	-
Pretax Income	-	-	-	-	-	-	-31.54M	-14.42M	-32.86M	-36.52M	-43.75M
Tax Provision	-	-	-	-	-	-	0	0	0	0	0
Net Income	-28.15M	-736.15M	-44.08M	-35.00M	-	-	-31.89M	-14.77M	-33.21M	-36.87M	-44.10M
Diluted EPS	-	-133.31	-7.98	-6.34	-	-	-2.51	-1.16	-2.61	-2.89	-3.47

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	119.05M	114.85M	110.22M	130.41M
Cost of Revenue	-	76.80M	87.64M	86.04M	128.36M
Gross Profit	-	42.24M	27.21M	24.18M	2.05M
Operating Expenses	-	108.92M	111.39M	126.37M	109.16M
Operating Income	-	-66.67M	-84.17M	-102.19M	-107.11M
EBITDA	-	-56.44M	-35.74M	-67.40M	-74.92M
Interest Expense	6.53M	4.01M	2.65M	6.75M	-
Pretax Income	-	-107.81M	-840.25M	-152.62M	-115.34M
Tax Provision	-	3.47M	-2.19M	0	0
Net Income	-	-111.28M	-838.07M	-153.21M	-116.74M
Diluted EPS	-5.53	-7.61	-57.35	-16.82	-

Compounded Sales Growth

5 Years:	3.09%
1 Year:	-27.50%

Compounded Profit Growth

5 Years:	-1.64%
1 Year:	-

Stock Price Performance

1 Year:	+29.22%
6 Months:	+20.30%
3 Months:	+8.09%
1 Month:	+13.13%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	1.31B	616.81M	743.56M	650.12M
Current Assets	-	81.68M	75.95M	190.94M	249.19M
Cash & Equivalents	-	16.45M	1.83M	165.67M	77.81M
Inventory	-	2.46M	2.72M	1.88M	2.34M
Receivables	-	8.20M	4.23M	3.06M	3.32M
Total Liabilities	-	218.33M	231.92M	172.17M	183.72M
Current Liabilities	-	23.29M	27.23M	21.74M	27.31M
Long Term Debt	-	144.18M	155.63M	101.59M	99.65M
Total Debt	-	190.53M	203.78M	149.06M	156.18M
Total Equity	966.98M	1.10B	384.89M	561.48M	456.51M
Shares Outstanding	-	6.48M	6.48M	12.71M	12.78M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-29.55M	-50.78M	-52.70M	-49.66M
Investing Cash Flow	-198.03M	-108.30M	-102.88M	-23.82M
Financing Cash Flow	237.41M	136.21M	279.58M	-6.97M
Capital Expenditure	-12.21M	-18.75M	-6.72M	-25.02M
Free Cash Flow	-41.76M	-69.53M	-59.42M	-74.67M
Net Change in Cash	9.83M	-22.87M	124.00M	-80.45M

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	35.5%	23.7%	21.9%	1.6%
Operating Margin %	-	-56.0%	-73.3%	-92.7%	-82.1%
Net Margin %	-	-93.5%	-729.7%	-139.0%	-89.5%
ROE %	-	-10.2%	-217.7%	-27.3%	-25.6%
ROCE %	-	-5.2%	-14.3%	-14.2%	-17.2%

Shareholding Pattern

Insiders

3.04%

Institutions

84.80%

Public Float

87.45%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Pershing Square Capital Management, L.P.	39.24%	5.02M	$126.85M
2	Kahn Brothers Group Inc.	6.98%	893.23K	$22.55M
3	Gate City Capital Management, LLC	5.39%	689.45K	$17.41M
4	Rubric Capital Management LP	4.44%	568.53K	$14.36M
5	Blackrock Inc.	3.95%	505.63K	$12.77M
6	Dimensional Fund Advisors LP	3.56%	455.15K	$11.49M
7	Vanguard Capital Management LLC	2.56%	327.69K	$8.27M
8	Cerity Partners LLC	2.49%	318.92K	$8.05M
9	Solas Capital Management, LLC	1.74%	222.92K	$5.63M
10	Geode Capital Management, LLC	1.45%	185.02K	$4.67M

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