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Seaport Entertainment Group Inc. (SEG)
NYSE:SEG
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Seaport Entertainment Group Inc.
(NYSE:SEG)
Rating:54Neutral
Price Target:
$27.00
▲(8.48% Upside)
Seaport Entertainment Group Inc. (SEG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$331.93M
Dividend YieldN/A
Average Volume (3M)121.69K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees180
SectorReal Estate
Sector Strength48
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-1.16
Shares Outstanding12,732,077
10 Day Avg. Volume159,631
30 Day Avg. Volume121,691
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue2.35
Enterprise Value/Gross Profit14.58
Enterprise Value/Ebitda-3.26
Forecast
1Y Price Target
$27.00Price Target Upside8.48% Upside
Rating ConsensusHold
Number of Analyst Covering1
Seaport Entertainment Group Inc. Business Overview & Revenue Model
Company DescriptionSeaport Entertainment Group Inc. (SEG) is a diversified entertainment company specializing in the development, production, and distribution of a wide range of entertainment content. The company operates across multiple sectors, including film, television, digital media, and live events, providing audiences with engaging and innovative experiences. SEG is committed to creating high-quality content that appeals to a global audience, leveraging its expertise and resources to deliver captivating entertainment products.
How the Company Makes MoneySeaport Entertainment Group Inc. (SEG) generates revenue through various streams, primarily focusing on content production and distribution. The company earns money from box office sales, licensing agreements, and distribution deals for its film and television productions. Additionally, SEG capitalizes on digital media platforms by monetizing content through streaming services, pay-per-view, and digital downloads. Live events, including concerts and theatrical productions, also contribute to SEG's revenue, with ticket sales and sponsorship deals enhancing profitability. Strategic partnerships with other entertainment companies and media platforms further boost SEG's financial performance, providing additional avenues for content distribution and audience reach.
Seaport Entertainment Group Inc. Earnings Call Summary
Earnings Call Date:Aug 11, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant progress in the Entertainment segment, with strong concert performance and leasing progress. However, there were challenges in the Hospitality segment, particularly with the Tin Building. The overall financial improvements and strategic opportunities, such as Nike's lease termination, contribute to a positive outlook.Q2-2025 Updates
Positive Updates
Strong Entertainment Segment Performance
The Entertainment segment saw a 16% year-over-year increase in revenue, with a 122% increase in operating EBITDA. This was driven by additional concerts and strong sponsorship and concession revenue.
Successful Concert Series
The Rooftop at Pier 17 had a strong summer concert season with 22 shows in Q2 2025, including 15 sold-out performances. The sell-through rate was over 90%.
Notable Leasing Progress
Seaport signed two long-term leases with Willett's New York City and Cork Wine Bar, increasing occupancy in the Seaport neighborhood.
Nike Lease Termination Opportunity
Nike's early termination of their lease at Pier 17, with a $4 million termination payment, provides Seaport with the opportunity to expand hospitality and entertainment businesses.
Las Vegas Aviators' Success
The Las Vegas Aviators secured a playoff spot and added two additional home games, reflecting a strong performance in the Pacific Coast League.
Financial Improvements
Q2 2025 net loss improved by 58% year-over-year, with a non-GAAP adjusted net loss improvement of 74%.
Negative Updates
Hospitality Segment Revenue Decline
Hospitality revenues declined 15% compared to pro forma Q2 2024, mainly due to reduced operating hours and select venue closures at the Tin Building.
Challenges at the Tin Building
The Tin Building faced revenue declines and remains a top focus area for stabilization and reducing cash burn.
Absence of Savannah Bananas Event
The Las Vegas Ballpark experienced a year-over-year headwind due to the absence of the Savannah Bananas event in the second quarter.
Company Guidance
In the second quarter of 2025, Seaport Entertainment Group emphasized its strategic focus on enhancing operational efficiencies and optimizing its asset portfolio. The company reported a 1% year-over-year increase in total consolidated revenues to $39.8 million, driven largely by a 16% rise in the Entertainment segment, which saw 22 shows, including 15 sell-outs, at The Rooftop at Pier 17. Despite a 4% decline in overall hospitality revenues, the same-store hospitality rose by 1%, reflecting strength in new ventures like Gitano. The company also highlighted significant leasing activity, with two long-term leases signed in the Seaport neighborhood, and strategic restructuring efforts, including obtaining full control of the Tin Building joint venture with Jean-Georges Restaurants. Additionally, Seaport Entertainment Group reported an improvement in net loss attributable to common stockholders, reducing it by 58% year-over-year to $14.8 million. The company remains focused on finalizing plans for key assets like 250 Water Street and expects to achieve operational breakeven by 2026.Seaport Entertainment Group Inc. Financial Statement Overview
Summary
Seaport Entertainment Group Inc. is facing financial difficulties with declining revenues and significant net losses impacting profitability. The balance sheet shows a strong equity base, but increasing liabilities pose a risk. Cash flow challenges persist with negative operating and free cash flows. The company needs to address operational inefficiencies and improve cash generation.Income Statement
Seaport Entertainment Group Inc. has faced significant challenges in its income statement. The company reported a declining revenue trend over the past three years, with total revenue decreasing from $119.0 million in 2022 to $111.1 million in 2024. The net profit margin is negative due to substantial net losses, with the most recent net income at -$153.2 million. Additionally, EBIT and EBITDA margins are deeply negative, indicating operational inefficiencies and high costs relative to revenue.20
Very Negative
Balance Sheet
The balance sheet shows a relatively strong equity position, with stockholders' equity at $561.5 million in 2024, reflecting an improvement from previous years. The debt-to-equity ratio is moderate, suggesting manageable leverage levels. However, the equity ratio has been declining, indicating a potential risk of increased liabilities relative to assets. Overall, the balance sheet reflects stability but with cautionary signs of increasing liabilities.55
Neutral
Cash Flow
Cash flow analysis reveals ongoing challenges, with negative operating cash flow and free cash flow over the past three years. The free cash flow has shown some improvement, yet remains negative at -$59.4 million in 2024. The operating cash flow to net income ratio is negative, highlighting difficulties in converting revenue into cash. Despite substantial financing activities, the cash flow situation remains a concern.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 118.41M | 111.14M | 115.68M | 119.05M |
| Gross Profit | 19.05M | 36.38M | 36.78M | 42.24M |
| EBITDA | -85.21M | -111.09M | -788.65M | -56.44M |
| Net Income | -120.80M | -153.21M | -838.07M | -111.28M |
Balance Sheet | ||||
| Total Assets | 717.23M | 743.56M | 616.81M | 1.31B |
| Cash, Cash Equivalents and Short-Term Investments | 125.36M | 165.67M | 1.83M | 16.45M |
| Total Debt | 156.42M | 149.06M | 203.78M | 190.53M |
| Total Liabilities | 189.42M | 172.17M | 231.92M | 218.33M |
| Stockholders Equity | 517.90M | 561.48M | 384.89M | 1.10B |
Cash Flow | ||||
| Free Cash Flow | -17.95M | -59.42M | -69.53M | -41.76M |
| Operating Cash Flow | -13.55M | -52.70M | -50.78M | -29.55M |
| Investing Cash Flow | -88.61M | -102.88M | -108.30M | -198.03M |
| Financing Cash Flow | 203.18M | 279.58M | 136.21M | 237.41M |
Seaport Entertainment Group Inc. Technical Analysis
Positive
24.89
Price Trends
22.40
Positive
20.79
Positive
23.41
Positive
Market Momentum
0.92
Positive
53.77
Neutral
20.40
Neutral
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 24.89 is above the 20-day moving average (MA) of 24.74, above the 50-day MA of 22.40, and above the 200-day MA of 23.41, indicating a bullish trend. The MACD of 0.92 indicates Positive momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 20.40 is Neutral, 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 65 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
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $213.08M | 157.55 | -0.29% | 7.48% | 17.14% | 3.27% | |
63 Neutral | $7.02B | 13.47 | -0.50% | 7.00% | 3.61% | -22.78% | |
62 Neutral | $199.22M | 29.64 | 3.01% | ― | 113.90% | ― | |
61 Neutral | $265.12M | 6.09 | 21.74% | 13.42% | 25.17% | ― | |
55 Neutral | $409.59M | 60.85 | 0.79% | ― | -4.20% | 11.20% | |
54 Neutral | $331.93M | ― | -26.88% | ― | ― | ― | |
| ― | $242.92M | ― | -10.39% | ― | ― | ― |
* Real Estate Sector Average
Performance Comparison
SEG
Seaport Entertainment Group Inc.
24.89
-2.06
-7.64%
TCI
Transcontinental Realty Investors
46.09
16.02
53.28%
PINE
Alpine Income Property Trust Inc
15.11
-2.69
-15.11%
NREF
NexPoint Real Estate ate Finance
14.90
0.20
1.36%
LPA
Logistic Properties of the Americas
6.34
-4.22
-39.96%
OZ
Belpointe PREP
62.80
-1.71
-2.65%
Seaport Entertainment Group Inc. Corporate Events
M&A Transactions
Seaport Entertainment Sells 250 Water Street Project
Neutral
Aug 18, 2025
On August 15, 2025, Seaport Entertainment Group Inc.‘s subsidiary, 250 Seaport District, LLC, entered into an agreement to sell its mixed-use development project at 250 Water Street to Tavros Holdings LLC for $150.5 million. The sale, expected to close by the end of 2025, is contingent upon certain conditions being met, with potential adjustments to the deposit and sale price.
M&A TransactionsBusiness Operations and Strategy
Seaport Entertainment Acquires Full Ownership of Fulton Market
Neutral
Jul 3, 2025
On June 30, 2025, Seaport Entertainment Group Inc.‘s subsidiary, Seaport Entertainment Operations, LLC, acquired full ownership of Fulton Seafood Market, LLC from its partners, HHC Seafood Market Member, LLC and VS-Fulton Seafood Market LLC. This transfer led to the termination of the Market Hall Management Agreement with Creative Culinary Management Company LLC. Subsequently, on July 1, 2025, Seaport Entertainment Management, LLC terminated certain management agreements with CCMC, following the restructuring and new license agreements for intellectual property related to the Tin Building and Fulton Restaurant.
Delistings and Listing Changes
Seaport Entertainment Uplists to New York Stock Exchange
Positive
Jun 24, 2025
On June 24, 2025, Seaport Entertainment Group Inc. announced the approval of its common stock transfer from the NYSE American to the New York Stock Exchange, marking a significant milestone for the company. This uplisting is expected to broaden the company’s investor base and enhance long-term shareholder value, with trading on the NYSE commencing on June 30, 2025.
Executive/Board ChangesShareholder Meetings
Seaport Entertainment Group’s Annual Stockholders Meeting Decisions
Neutral
Jun 11, 2025
On June 9, 2025, Seaport Entertainment Group Inc. held its annual meeting of stockholders where key decisions were made regarding the company’s leadership and financial oversight. The stockholders elected five directors to the board, including Anton D. Nikodemus and Michael A. Crawford, to serve until the 2026 annual meeting. Additionally, the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. These decisions are expected to influence the company’s strategic direction and financial integrity.
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.