Seaport Entertainment Group Inc. (SEG) Stock

Seaport Entertainment Group Inc. (SEG) is a Communication Services stock trading at $27.11 (as of 2026-08-20), with a market capitalization of $347.12M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand Seaport Entertainment Group Inc.: how it makes money

Seaport Entertainment Group owns and operates entertainment and real estate assets in New York City and Las Vegas. It makes money from Landlord Operations (owning and operating physical real estate), Hospitality (running restaurants and bars), and Sponsorships, Events, and Entertainment.

Profit is driven by how well the company can monetize its physical footprint, pairing real estate operations with on-site hospitality and programmed entertainment (occupancy and event sell-through feed the revenue engine).

Revenue by segment (latest quarter)
Landlord$0.0B
Hospitality$0.0B
Sponsorships and Entertainment$0.0B

Business quality (Weak): The latest quarter shows revenue of 0.0B and missing gross margin data, while operating margin is sharply negative (-333.8), so investor signal from reported financials is limited.

Bull case

  • Leasing/programming strength: Seaport Neighborhood Leased or Programmed is 90%, which suggests a high portion of the neighborhood is leased or programmed.
  • Event monetization appears strong: Rooftop at Pier Seventeen had 22 concert series shows hosted, with 15 sold-out performances and a 90% concert ticket sell-through rate.
  • Diversified revenue lines within the property experience: Revenue candidates include Sponsorship and Entertainment Revenue (0.02B) alongside Hospitality Revenue (0.01B).

Bear case

  • Large operating loss in the latest quarter: Operating margin is -333.8 for the 2026-03-31 quarter.
  • Revenue scale is unclear from the latest quarter figure: Total revenue is shown as 0.0B for 2026-03-31, which makes trends harder to read.
  • Vacancy remains a measurable drag: Seaport Neighborhood Vacancy is 47000 (count), indicating ongoing unleased or unprogrammed space.
  • Accounting noise may matter: One segment revenue candidate is 'Landlord Segment One-Time Non-Cash Charges' (0.01B), which can complicate interpretation of underlying performance.
Valuation — source: SEC EDGAR (first-party)
Price$27.11
Market Cap$347.12M
Price / Book0.82
Price / Sales2.73
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$130.41M
Net Margin-89.5%
Revenue Growth (YoY)-20.7%
EPS Growth (YoY)38.2%
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Entertainment)39.5
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPershing Square Capital Management, L.P. ($107.91M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryEntertainment
CEOMatthew Morris Partridge
Employees180
CountryUS
IPO Date2024-07-29

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SEG earnings history · SEG institutional & insider holders · SEG KPIs & operating metrics · SEG financials · SEG investor presentations & press releases · SEG SEC filings · SEG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.