SEG

Seaport Entertainment Group Inc.

Ticker: SEGConsumer DiscretionaryServices
HQ NEW YORK, NYCIK 2009684FY end 12-31Book / share $31.58Shares 13M
Revenue (FY)
$130.41M+17.34%
TTM $121.56M
Op. margin
-90.60%+0.94%
TTM -101.23%
Net income
$-115.34M+24.43%
TTM $-123.24M
Operating cash
$-49.66M+5.77%
TTM $-40.19M
Free cash flow
$-74.67M-25.66%
TTM $-68.17M
Return on equity
-25.57%+1.71%
TTM -30.86%
Debt / equity
0.22+0.04%
TTM 0.09
Shares outstanding
12.7M+39.65%
TTM 12.8M

The business

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.

Sector
Consumer Discretionary
Industry
Services
HQ
NEW YORK, NY
FY end
12-31
CIK
2009684
SIC
7990
Financial performance · annual
20242025
$-180.93M$-96.02M$-11.11M$73.80M$158.71M20242025TTMTTMTTM

Ownership

Who holds Seaport Entertainment Group Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

125
funds hold it
0 of 35
superinvestors hold it
$37.97M
fund-held value
11.9%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%$6.68M
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%$5.18M
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%$2.26M
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.01%$2.01M
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
0.01%$1.86M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of Seaport Entertainment Group Inc.'s financials

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