Seaport Entertainment Group Inc.

Seaport Entertainment Group Inc. (NYSE: SEG) operates a distinctive portfolio of entertainment and real estate assets concentrated in New York City and Las Vegas. The company was incorporated in 2024 and separated from Howard Hughes Holdings Inc. through a pro rata distribution completed on July 31, 2024, becoming an independent publicly traded company. The company's website is www.seaportentertainment.com.

The company operates through three primary segments: Hospitality, Entertainment, and Landlord Operations. The Hospitality segment encompasses ownership interests in various food and beverage operating businesses, including fine dining and casual dining restaurants, cocktail bars, and nightlife venues such as The Fulton, Mister Dips, Carne Mare, and Gitano. The company holds a 25% interest in Jean-Georges Restaurants, a world-renowned hospitality company operated by Michelin-star chef Jean-Georges Vongerichten with over 40 high-end restaurant concepts across five continents. The Entertainment segment includes the Las Vegas Aviators, a Triple-A Minor League Baseball team affiliated with the Athletics, the Las Vegas Ballpark with 10,000-person capacity, The Rooftop at Pier 17 concert venue with 3,500-person capacity, and an 80% interest in air rights above the Fashion Show Mall in Las Vegas. The Landlord Operations segment comprises approximately 480,000 square feet of real estate in the Seaport neighborhood in Lower Manhattan, including mixed-use buildings, retail spaces, and a 21-unit residential building.

As of December 31, 2025, the company employed 627 full-time employees. The Seaport portfolio was 90% leased or programmed and 55% occupied as of year-end 2025. In 2025, the Las Vegas Aviators and ballpark generated approximately $37.8 million in revenue, while The Rooftop Concert Series sold approximately 190,000 tickets across 62 shows. The company had outstanding indebtedness of approximately $99.6 million as of December 31, 2025. The business model focuses on creating unique entertainment destinations through dedicated asset management, strategic partnerships, and development opportunities positioned at the intersection of entertainment and real estate.