Seaport Entertainment Group Inc. (SEG)
NYSE:SEG
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Seaport Entertainment Group Inc.
(NYSE:SEG)
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Rating:53Neutral
Price Target:
$25.00
▲(18.04% Upside)
Action:Reiterated
Date:06/13/26
SEG’s score is held back primarily by sustained operating losses and continued negative operating/free cash flow, despite a comparatively improved balance-sheet position. Technicals are moderately supportive with price above key moving averages and positive MACD, while valuation is difficult to support due to negative earnings. Earnings call commentary adds some offset via improved liquidity and cost reductions, but near-term revenue pressure and significant remaining capex keep the outlook balanced.
Positive Factors
Balance-sheet strength / net cash
A materially strengthened balance sheet from the 250 Water Street sale leaves SEG with net cash and minimal remaining debt, extending runway for repositioning. This durable liquidity buffer supports funding capex, absorbing operating losses and pursuing leasing without immediate refinancing risk.
Negative Factors
Persistent operating losses
Ongoing large GAAP losses and negative gross profit reflect structural margin and business-model stress. Continued unprofitability restrains retained earnings, limits internal capital for growth, and requires reliance on asset sales or external financing to fund operations and capex.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength / net cash
A materially strengthened balance sheet from the 250 Water Street sale leaves SEG with net cash and minimal remaining debt, extending runway for repositioning. This durable liquidity buffer supports funding capex, absorbing operating losses and pursuing leasing without immediate refinancing risk.
Read all positive factors
Seaport Entertainment Group Inc. (SEG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$317.62M
Dividend YieldN/A
Average Volume (3M)50.57K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth12.91%
EPS Growth40.22%
CountryUS
Employees180
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-10.14
Shares Outstanding12,801,910
10 Day Avg. Volume62,143
30 Day Avg. Volume50,566
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.55
Price to Sales (P/S)1.93
P/FCF Ratio-3.37
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue2.05
Enterprise Value/Gross Profit-11.42
Enterprise Value/Ebitda-3.14
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.58
Revenue Forecast (FY)$126.79M
Seaport Entertainment Group Inc. Business Overview & Revenue Model
Company Description
Seaport Entertainment Group Inc. is an enterprise focused on developing, owning, and managing a varied collection of entertainment and property ventures, with its primary operations located in New York City and Las Vegas. The company structures it...
Seaport Entertainment Group Inc. Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Neutral
The call highlighted meaningful operational progress: a material asset sale that materially strengthened liquidity, portfolio repositioning actions (Tin Building, tenant deals), strong early demand for new and existing experience-driven offerings (Sadie’s, Pier 17 concerts, Balloon Museum, Meow Wolf pipeline), and improvements in key operating metrics (operating EBITDA and non-GAAP adjusted results, G&A reductions). However, these positives are balanced by sizable near-term headwinds: a 21% revenue decline, a large GAAP net loss and EPS deterioration driven by repositioning write-offs and restructuring, weather-related revenue drag, elevated short-term expenses and remaining vacancies and capex needs. Given the number and magnitude of both positive developments and near-term challenges, the overall tone is cautious and balanced.Positive Updates
Sale of 250 Water Street Strengthens Liquidity
Completed sale of 250 Water Street in Feb 2026, generating more than $75 million of liquidity, eliminating ongoing carry costs and contributing to total cash (including restricted) increasing by $57.3 million to $144.7 million as of Q1 2026.
Negative Updates
Revenue Decline
Consolidated revenue declined 21% year-over-year in Q1 2026, driven by Hospitality closures and weather-related impacts across New York operations.
Read all updates
Q1-2026 Updates
Positive
Negative
Sale of 250 Water Street Strengthens Liquidity
Completed sale of 250 Water Street in Feb 2026, generating more than $75 million of liquidity, eliminating ongoing carry costs and contributing to total cash (including restricted) increasing by $57.3 million to $144.7 million as of Q1 2026.
Read all positive updates
Company Guidance
The company guided that it is on a path to drive positive long-term operational cash flow and earnings growth, highlighting near-term timing and financial metrics: Meow Wolf is expected to open late 2027/early 2028, the Balloon Museum is projected to open this summer (Tin Building handoff expected in late June), the Pier 17 enclosed event space is targeted to be operational by mid‑2027, Flanker is expected in late 2026 and Hidden Boot Saloon in early 2027, and Sadie’s Garden Bar (capacity ~1,000) will remain a summer hub; management reiterated the remaining stabilization CapEx of $70M–$90M through 2028, reported Q1 capex of $6.1M, and noted cash of $144.7M (net cash $105.6M) after a >$75M liquidity event from the sale of 250 Water Street, with only $39M of outstanding debt (Las Vegas ballpark loan); operationally they expect incremental rental revenue improvement through the year, continued cost savings versus prior periods (G&A ex‑restructuring was $6.7M in Q1 and improved ~31% YoY excluding restructuring), and ongoing benefits from portfolio actions that already produced a 21% YoY improvement in non-GAAP adjusted net loss (to a loss of $17.9M) and a $3.1M (21%) YoY improvement in total operating EBITDA to a loss of $11.8M.Seaport Entertainment Group Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
54
Neutral
Cash Flow
26
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 127.08M | 130.41M | 111.14M | 115.68M | 119.05M |
| Gross Profit | -22.85M | 2.05M | 36.38M | 36.78M | 42.24M |
| EBITDA | -83.14M | -83.15M | -111.09M | -788.65M | -56.44M |
| Net Income | -128.96M | -116.74M | -153.21M | -838.07M | -111.28M |
Balance Sheet | |||||
| Total Assets | 541.80M | 650.12M | 743.56M | 616.81M | 1.31B |
| Cash, Cash Equivalents and Short-Term Investments | 144.69M | 77.81M | 165.67M | 1.83M | 16.45M |
| Total Debt | 94.97M | 156.18M | 149.06M | 203.78M | 190.53M |
| Total Liabilities | 118.97M | 183.72M | 172.17M | 231.92M | 218.33M |
| Stockholders Equity | 412.93M | 456.51M | 561.48M | 384.89M | 1.10B |
Cash Flow | |||||
| Free Cash Flow | -43.56M | -74.67M | -59.42M | -69.53M | -41.76M |
| Operating Cash Flow | -34.63M | -43.40M | -52.70M | -50.78M | -29.55M |
| Investing Cash Flow | 115.75M | -30.08M | -102.88M | -108.30M | -198.03M |
| Financing Cash Flow | -68.42M | -6.97M | 279.58M | 136.21M | 237.41M |
Seaport Entertainment Group Inc. Technical Analysis
Positive
21.18
Price Trends
23.25
Positive
22.19
Positive
22.33
Positive
Market Momentum
0.39
Positive
58.72
Neutral
80.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEG, the sentiment is Positive. The current price of 21.18 is below the 20-day moving average (MA) of 24.26, below the 50-day MA of 23.25, and below the 200-day MA of 22.33, indicating a bullish trend. The MACD of 0.39 indicates Positive momentum. The RSI at 58.72 is Neutral, neither overbought nor oversold. The STOCH value of 80.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SEG.
Seaport Entertainment Group Inc. Risk Analysis
Seaport Entertainment Group Inc. disclosed 76 risk factors in its most recent earnings report. Seaport Entertainment Group Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Seaport Entertainment Group Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | $330.83M | 542.20 | 0.08% | ― | -5.43% | -93.40% | |
54 Neutral | $339.44M | 36.29 | 1.11% | ― | 4.69% | 17.93% | |
53 Neutral | $317.62M | -2.45 | -27.54% | ― | 12.91% | 40.22% | |
52 Neutral | $23.99M | -0.56 | -111.72% | ― | -38.65% | 43.87% | |
43 Neutral | $156.36M | 29.90 | 3.26% | ― | -5.23% | ― |
* Real Estate Sector Average
SEG
Seaport Entertainment Group Inc.
24.81
5.42
27.95%
NEN
New England Realty Associates Partnershi
58.00
-13.90
-19.34%
TCI
Transcontinental Realty Investors
39.29
-3.62
-8.44%
RMAX
Re/Max Holdings
9.79
1.10
12.66%
OPAD
Offerpad Solutions
5.07
-4.13
-44.89%
DOUG
Douglas Elliman Inc.
1.72
-0.83
-32.55%
Seaport Entertainment Group Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
Seaport Entertainment Affirms Board and Auditor at 2026 Meeting
Positive
Jun 12, 2026
On June 8, 2026, Seaport Entertainment Group Inc. held its 2026 annual meeting of stockholders, where investors elected five directors, including Matthew M. Partridge and Michael A. Crawford, to serve until the 2027 annual meeting. The board elect...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.