Seaport Entertainment Group Inc. (SEG) AI Stock Analysis

• Market Cap: $276.91M
• Dividend Yield: N/A
• Average Volume (3M): 102.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: 11.45%
• EPS Growth: 53.37%
• Country: US
• Employees: 180
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): N/A
• Shares Outstanding: 12,796,250
• 10 Day Avg. Volume: 76,352
• 30 Day Avg. Volume: 102,913
• PEG Ratio: 0.05
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 1.93
• P/FCF Ratio: -5.79
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 2.24
• Enterprise Value/Gross Profit: -9.71
• Enterprise Value/Ebitda: -7.18
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $24.50 ▲(15.68% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is held back primarily by weak financial performance—large ongoing losses and poor cash generation—despite a healthier leverage profile. Technicals provide meaningful support with strong trend and momentum, while valuation is hard to justify with a negative P/E and no dividend. Recent guidance and corporate actions (asset sale and venue repositioning) are moderately positive but do not yet outweigh the profitability and cash-flow risks.

Positive Factors

Asset Monetization / Liquidity

Closing the $143M 250 Water Street sale materially strengthens liquidity and reduces reliance on operating cash. The transaction is cited to cut historical cash burn by >$7M, improving runway and giving management capacity to invest in operations or repay debt rather than raise short-term financing.

Strategic Asset Repositioning

Converting Tin Building into a flagship Balloon Museum under a multiyear lease shifts the asset from volatile F&B to a cultural destination. A long-term lease structure and experiential draw can stabilize foot traffic, diversify revenue mix, and improve predictability of cash flows over several years.

Improved Leverage Profile

A materially lower debt-to-equity ratio signals stronger balance sheet flexibility and lower fixed financing burdens. Reduced leverage improves the company's ability to withstand cyclical revenue pressures, supports refinancing options, and reduces insolvency risk while management pursues operational stabilization.

Negative Factors

Persistent Losses & Weak Cash Flow

Sustained net losses and multi-year negative operating and free cash flow force dependence on asset sales, one-offs, or external financing. This structural cash-generation weakness limits reinvestment capacity, increases dilution or leverage risk, and constrains the firm's ability to self-fund normalization.

Severely Negative Profitability

Extremely depressed margins indicate the core business is far from break-even even after cost actions. Persistent negative EBITDA limits internal cash generation, undermines sustainability of operations, and makes long-term recovery contingent on structural revenue or cost improvements rather than short-term fixes.

Demand Vulnerability in Core Segments

Declines in hospitality and entertainment revenues and weak international tourism expose the company to cyclical and structural demand risks. With heavy reliance on events and visitor spending, prolonged softness erodes revenue base, pressures unit economics, and slows path to sustainable profitability.

Seaport Entertainment Group Inc. Business Overview & Revenue Model

Company Description

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: Landlord Operations; Hospitality; and Sponsorships, Events, and Entertainment. 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. The Hospitality segment operates six 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; and the Tin Building, which offers restaurants, bars, grocery markets, retail, and private dining experiences. The Sponsorships, Events, and Entertainment segment includes the Las Vegas Aviators Triple-A Minor League Baseball team, the Las Vegas Ballpark, the Fashion Show Mall Air Rights, Seaport events, and concerts, as well as various sponsorship agreements across the Seaport and the Las Vegas Ballpark. Seaport Entertainment Group Inc. was incorporated in 2024 and is headquartered in New York, New York.

How the Company Makes Money

SEG 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. Financial Statement Overview

Summary

Financials are pressured by persistent, sizable net losses and weak cash generation (negative operating/free cash flow in 2022–2024 and no meaningful positive cash generation indicated in 2025). The balance sheet is a relative offset with meaningfully lower leverage by 2025 (debt-to-equity ~0.12), but ongoing unprofitability remains the dominant risk.

Income Statement

Revenue is relatively stable with a modest rebound in 2025 (up ~5% after declines in 2023–2024), but profitability remains a major issue. Net losses are large across all years, and 2025 shows a very weak net margin (about -90%) with negative EBITDA margin as well. While losses improved materially from the extreme 2023 results, the company is still far from breakeven, which keeps the income statement score low.

Balance Sheet

Leverage looks manageable: debt-to-equity trends down meaningfully from 2023 (~0.53) to 2025 (~0.12), and equity remains sizable versus total debt. That said, returns to shareholders are consistently negative (return on equity is negative every year), and equity/asset levels have fluctuated, reflecting ongoing earnings pressure. Overall, the balance sheet is a relative strength versus profitability, but sustained losses remain a key risk.

Cash Flow

Cash generation is weak. Operating cash flow and free cash flow are negative in 2022–2024, and 2025 shows operating cash flow and free cash flow reported at 0 (with free cash flow growth at -100%), suggesting no meaningful cash generation in the latest period. With persistent negative free cash flow and losses, the company likely relies on financing or balance-sheet strength to fund operations, which weighs on the score.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	130.41M	111.14M	115.68M	119.05M
Gross Profit	-30.14M	36.38M	36.78M	42.24M
EBITDA	-40.74M	-111.09M	-788.65M	-56.44M
Net Income	-116.74M	-153.21M	-838.07M	-111.28M
Balance Sheet
Total Assets	650.12M	743.56M	616.81M	1.31B
Cash, Cash Equivalents and Short-Term Investments	77.81M	165.67M	1.83M	16.45M
Total Debt	94.88M	149.06M	203.78M	190.53M
Total Liabilities	183.72M	172.17M	231.92M	218.33M
Stockholders Equity	456.51M	561.48M	384.89M	1.10B
Cash Flow
Free Cash Flow	-43.40M	-59.42M	-69.53M	-41.76M
Operating Cash Flow	-43.40M	-52.70M	-50.78M	-29.55M
Investing Cash Flow	-30.08M	-102.88M	-108.30M	-198.03M
Financing Cash Flow	-6.97M	279.58M	136.21M	237.41M

Seaport Entertainment Group Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 21.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEG, the sentiment is Neutral. The current price of 21.18 is below the 20-day moving average (MA) of 21.56, above the 50-day MA of 20.63, and below the 200-day MA of 21.96, indicating a neutral trend. The MACD of 0.71 indicates Negative momentum. The RSI at 50.96 is Neutral, neither overbought nor oversold. The STOCH value of 49.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SEG.

Seaport Entertainment Group Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
RMAX	60 Neutral	$198.50M	18.48	2.87%	―	-6.06%	―
SEG	58 Neutral	$276.91M	-2.15	-26.42%	―	11.45%	53.37%
DOUG	54 Neutral	$203.40M	-2.45	-41.42%	―	6.62%	30.94%
TCI	53 Neutral	$315.16M	137.61	0.67%	―	0.13%	75.97%
OPAD	52 Neutral	$35.41M	-0.97	-135.60%	―	-36.25%	11.92%

Seaport Entertainment Group Inc. Corporate Events

Seaport Entertainment Repositions Tin Building with Balloon Museum

On February 23, 2026, Seaport Entertainment Group announced that Balloon Museum will open its U.S. flagship at the historic Tin Building in New York’s Seaport neighborhood in summer 2026, under an initial five-year lease with options for two additional five-year renewals. The shift converts the venue from a food and beverage-focused asset into an immersive contemporary art destination aimed at drawing a broad audience and deepening the area’s cultural appeal.

Also on February 23, 2026, Seaport Entertainment Group closed the Tin Building by Jean-Georges to prepare the site for Balloon Museum and terminated its related intellectual property license agreement with Jean-Georges Restaurants. The company emphasized that despite the operational exit and license termination at the Tin Building, it is maintaining its longstanding relationship with Jean-Georges, including its 25% minority stake, signaling a strategic repositioning of the property rather than a broader break with the restaurant group.

The most recent analyst rating on (SEG) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Seaport Entertainment Group Inc. stock, see the SEG Stock Forecast page.

Seaport Entertainment Group Completes Major New York Asset Sale

On February 6, 2026, Seaport Entertainment Group Inc. completed the $143 million sale of its mixed-use development project at 250 Water Street in New York to an affiliate of Tavros Holdings LLC, which has no material relationship with the company beyond this transaction. The one-acre, full-block site, originally acquired in 2018 by former parent Howard Hughes Holdings, is entitled for a 26-story tower with up to 399 residential units and about 200,000 square feet of commercial, retail and community space, and the deal underscores SEG’s continued monetization of real estate-driven assets while Tavros expands its New York-focused development portfolio.

The most recent analyst rating on (SEG) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Seaport Entertainment Group Inc. stock, see the SEG Stock Forecast page.

Seaport Entertainment Sets Firm Closing Date for Property Sale

On August 15, 2025, Seaport Entertainment Group Inc. subsidiary 250 Seaport District, LLC entered into an agreement to sell its mixed-use development project at 250 Water Street in New York City to 250 Water Street Owner LLC, an affiliate of Tavros Holdings LLC, with the sale terms later amended on December 15, 2025. On January 28, 2026, the parties executed a second amendment setting February 5, 2026 as the firm closing date with no further extensions, fixing the sale price at $143 million subject to adjustments, and increasing the buyer’s non-refundable deposit to $8.5 million, although the transaction remains contingent on unsatisfied closing conditions and may ultimately not be completed as currently planned.

The most recent analyst rating on (SEG) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Seaport Entertainment Group Inc. stock, see the SEG Stock Forecast page.

Seaport Entertainment Announces $152M Property Sale Agreement

Seaport Entertainment Group Inc., through its subsidiary 250 Seaport District, LLC, has negotiated the sale of its mixed-use development project at 250 Water Street in New York City to Tavros Holdings LLC, with the sale price adjusted to $152 million due to extension provisions exercised by the buyer. While the transaction is set to close on January 28, 2026, pending certain conditions, there is no guarantee the sale will be finalized, which may impact stakeholders awaiting the completion of this significant asset transfer.

The most recent analyst rating on (SEG) stock is a Hold with a $20.50 price target. To see the full list of analyst forecasts on Seaport Entertainment Group Inc. stock, see the SEG Stock Forecast page.