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Seaport Entertainment Group Inc. (SEG)
NYSE:SEG
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Seaport Entertainment Group Inc.
(NYSE:SEG)
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Rating:46Neutral
Price Target:
$20.50
▼(-3.21% Downside)
Seaport Entertainment Group Inc. faces significant financial and operational challenges, reflected in its low valuation and bearish technical indicators. While strategic initiatives and leadership changes offer some optimism, the company's financial health remains a primary concern.
Seaport Entertainment Group Inc. (SEG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$271.26M
Dividend YieldN/A
Average Volume (3M)83.15K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees180
SectorN/A
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.57
Shares Outstanding12,735,071
10 Day Avg. Volume59,164
30 Day Avg. Volume83,148
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.45
Price to Sales (P/S)2.29
P/FCF Ratio-4.28
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue2.26
Enterprise Value/Gross Profit71.02
Enterprise Value/Ebitda-3.14
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-4.24
Revenue Forecast (FY)$132.11M
Seaport Entertainment Group Inc. Business Overview & Revenue Model
Company DescriptionSeaport Entertainment Group Inc. (SEG) is a diversified entertainment company that operates across various sectors including film production, television programming, and digital media. The company focuses on creating high-quality content that resonates with audiences worldwide, leveraging innovative storytelling and cutting-edge technology. SEG's core products and services include the development and distribution of feature films, television series, and streaming content, alongside strategic partnerships in the entertainment and media landscape.
How the Company Makes MoneySEG generates revenue through multiple streams including box office sales from theatrical releases, licensing deals for television and streaming content, and merchandising associated with its properties. The company also engages in co-production agreements with other studios, which allows it to share costs and revenue from high-budget projects. Additionally, SEG benefits from advertising revenue through its digital media platforms and partnerships with major streaming services, enhancing its financial performance. Key partnerships with distributors and platforms amplify its reach and profitability, while its focus on innovative content creation attracts both audiences and investors.
Seaport Entertainment Group Inc. Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 16, 2026
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture with significant achievements in strategic sales, event hosting, and financial performance improvements. However, there are notable challenges in hospitality revenue, international tourism, and one-time financial charges. The sentiment is balanced between positive strategic direction and current operational challenges.Q3-2025 Updates
Positive Updates
Successful Sale of 250 Water Street
The company announced the sale of the 250 Water Street development project for $152 million, which is expected to improve historical cash burn by more than $7 million.
Record Performance at Pier 17 Rooftop
The Rooftop at Pier 17 improved five spots in Polestar's rankings, hosting 35 concerts with an 86% sell-through rate, contributing to the highest single grossing revenue day in SCG's history.
Strategic Hospitality Growth
New hospitality concepts Flanker Kitchen and Sports Bar and Hidden Boots Saloon were announced, expected to drive future growth.
Improved Financial Performance
Excluding nonrecurring items, consolidated segment adjusted EBITDA improved by 76% year-over-year, driven by cost-cutting measures and event-driven revenues.
Positive Community Engagement
The Seaport hosted high-profile events like Macy's Fourth of July fireworks and the New York City Wine and Food Festival, significantly boosting visitation.
Negative Updates
Challenges in Hospitality Revenue
Hospitality revenues declined 4% year-over-year, attributed to lower revenues at the Tin Building and softness among certain legacy venues.
Soft International Tourism Impact
International visitation to New York City remains below pre-pandemic levels, affecting high-spending international guest patterns.
Entertainment Segment Revenue Decline
Entertainment revenues declined 5% year-over-year due to hosting fewer concerts compared to the prior year.
One-Time Non-Cash Charges
Landlord segment adjusted EBITDA decreased 45% due to one-time non-cash charges, including a $4 million loss on 250 Water Street.
Leadership Transition Costs
Approximately $11 million in accruals related to leadership transition impacted G&A expenses.
Company Guidance
During the Seaport Entertainment Group's Third Quarter 2025 earnings call, guidance emphasized stabilizing and optimizing operating models to achieve positive operating income and long-term value. Key metrics included a projected 65 million visitors to New York City in 2025, surpassing 2024 levels, and an 86% sell-through rate for concerts at Pier 17, bringing nearly 100,000 people to the Seaport. Financial highlights noted a 1% year-over-year increase in total consolidated revenues to $45.1 million, while same-store hospitality revenue grew by 11%. The sale of 250 Water Street is expected to improve historical cash burn by over $7 million. Additionally, the company plans to address structural challenges in legacy venues and introduce new concepts to drive future growth.Seaport Entertainment Group Inc. Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
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Seaport Entertainment Group Inc. Technical Analysis
Negative
21.18
Price Trends
22.72
Negative
23.52
Negative
21.77
Negative
Market Momentum
-0.41
Negative
34.68
Neutral
42.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEG, the sentiment is Negative. The current price of 21.18 is above the 20-day moving average (MA) of 21.12, below the 50-day MA of 22.72, and below the 200-day MA of 21.77, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 34.68 is Neutral, neither overbought nor oversold. The STOCH value of 42.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEG.
Seaport Entertainment Group Inc. Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
68 Neutral | $260.60M | 12.90 | 2.87% | ― | -6.06% | ― | |
58 Neutral | $230.93M | -3.59 | -41.11% | ― | 6.62% | 30.94% | |
53 Neutral | $501.08M | 89.02 | 0.67% | ― | 0.13% | 75.97% | |
46 Neutral | $271.26M | -2.10 | -26.42% | ― | ― | ― | |
44 Neutral | $56.03M | -0.76 | -104.99% | ― | -36.25% | 11.92% |
* Sector Average
SEG
Seaport Entertainment Group Inc.
20.05
-7.95
-28.39%
NEN
New England Realty Associates Partnershi
63.76
-12.08
-15.93%
TCI
Transcontinental Realty Investors
57.90
28.79
98.90%
RMAX
Re/Max Holdings
7.92
-2.91
-26.87%
OPAD
Offerpad Solutions
1.48
-1.86
-55.69%
DOUG
Douglas Elliman Inc.
2.51
0.82
48.52%
Seaport Entertainment Group Inc. Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Seaport Entertainment Appoints New CFO Lenah Elaiwat
Positive
Dec 2, 2025
On December 1, 2025, Seaport Entertainment Group Inc. appointed Lenah Elaiwat as the Chief Financial Officer and Treasurer. Ms. Elaiwat, who has nearly 20 years of experience in finance and accounting within the real estate sector, had been serving as the Interim CFO since September 2025. Her appointment is expected to strengthen the company’s financial infrastructure and support its growth in the real estate, hospitality, and entertainment sectors.
Executive/Board ChangesBusiness Operations and Strategy
Seaport Entertainment Appoints New CEO Amid Leadership Changes
Neutral
Sep 10, 2025
Seaport Entertainment Group Inc. announced leadership changes effective September 4, 2025, with Anton Nikodemus stepping down as President and CEO to become a Special Advisor until November 3, 2025. Matt Partridge has been appointed as the new President and CEO, bringing over 15 years of experience in hospitality, entertainment, and real estate. Michael Crawford will become Chairman of the Board, and Lenah Elaiwat will serve as Interim Chief Financial Officer and Treasurer. These changes are part of the company’s strategy to capitalize on its assets and drive growth in the hospitality and entertainment sectors.
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.