Seaport Entertainment Group Inc.
Business
Seaport Entertainment Group Inc. owns and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas. The company's offerings include The Seaport (a mixed-use neighborhood in Lower Manhattan with restaurants, retail, entertainment venues and residential space), a stake in Jean-Georges Restaurants, the Las Vegas Aviators minor-league baseball team and Las Vegas Ballpark, and air rights above the Fashion Show Mall in Las Vegas. Seaport Entertainment operates through three reportable segments: Hospitality, Entertainment, and Landlord Operations.
Summary from 10-K filed 2026-03-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Total revenues | 130 | 110 | 115 | 119 | |
| Operating costs | 31 | 35 | 32 | 44 | |
| General and administrative | 43 | 63 | 31 | 17 | |
| Depreciation and amortization | 32 | 35 | 48 | 47 | |
| Other | — | — | 81,000 | 58,000 | |
| Total expenses | 235 | 219 | 199 | 187 | |
| Loss on assets held for sale | −11 | — | — | — | |
| Provision for impairment | 0 | — | −672 | 0 | |
| Other income (loss), net | −3 | 7 | 33,000 | 935,000 | |
| Total other | −14 | 7 | −672 | 935,000 | |
| Operating loss | −118 | −102 | −757 | −67 | |
| Interest income (expense) | 456,000 | −7 | −3 | −4 | |
| Equity in earnings (losses) from unconsolidated ventures | 2 | −42 | −80 | −37 | |
| Loss on extinguishment of debt | — | −2 | −47,000 | — | |
| Loss before income taxes | −115 | −153 | −840 | −108 | |
| Income tax expense (benefit) | 0 | 0 | −2 | 3 | |
| Net loss | −115 | −153 | −838 | −111 | |
| Preferred distributions to noncontrolling interest in subsidiary | −1 | −587,000 | — | — | |
| Net loss attributable to common stockholders | −117 | −153 | −838 | −111 | |
| Basic (in shares) | 13 | 9 | 6 | 6 | |
| Diluted (in shares) | 13 | 9 | 6 | 6 | |
| Basic (in dollars per share) | −9.18 | −16.82 | −151.77 | −20.15 | |
| Diluted (in dollars per share) | −9.18 | −16.82 | −151.77 | −20.15 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Buildings and equipment | 537 | 523 | 528 | — | — | |
| Less: accumulated depreciation | −226 | −215 | −203 | — | — | |
| Land | 9 | 9 | 9 | — | — | |
| Developments | — | 146 | 103 | — | — | |
| Net investment in real estate | 321 | 463 | 437 | — | — | |
| Assets held for sale | 137 | — | — | — | — | |
| Investments in unconsolidated ventures | 17 | 28 | 37 | — | — | |
| Cash and cash equivalents | 78 | 166 | 2 | 16 | — | |
| Restricted cash | 10 | 2 | 42 | 50 | — | |
| Accounts receivable, net | 7 | 5 | 14 | — | — | |
| Deferred expenses, net | 4 | 5 | 4 | — | — | |
| Operating lease right-of-use assets, net | 45 | 39 | 41 | — | — | |
| Other assets, net | 32 | 36 | 39 | — | — | |
| Total assets | 650 | 744 | 617 | — | — | |
| Mortgages payable, net | 38 | 102 | 156 | — | — | |
| Mortgages payable related to assets held for sale | 61 | — | — | — | — | |
| Operating lease obligations | 57 | 47 | 48 | — | — | |
| Accounts payable and other liabilities | 28 | 23 | 28 | — | — | |
| Total liabilities | 184 | 172 | 232 | — | — | |
| Preferred stock, $0.01 par value, 20,000 shares authorized, none issued or outstanding | — | — | — | — | — | |
| Common stock, $0.01 par value, 480,000 shares authorized, 12,777 issued and outstanding as of December 31, 2025 and 12,708 issued and outstanding as of December 31, 2024 | 128,000 | 127,000 | — | — | — | |
| Additional paid in capital | 625 | 613 | — | — | — | |
| Accumulated deficit | −168 | −52 | — | — | — | |
| Total stockholders' equity | 457 | 561 | 385 | — | — | |
| Noncontrolling interest in subsidiary | 10 | 10 | — | — | — | |
| Total equity | 466 | 571 | 385 | 1,096 | 967 | |
| Total liabilities and equity | 650 | 744 | 617 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation | 28 | 31 | 45 | 44 | |
| Amortization | 4 | 4 | 3 | 3 | |
| Amortization of deferred financing costs | 53,000 | 475,000 | 463,000 | 500,000 | |
| Straight-line rent amortization | 3 | −503,000 | −216,000 | −871,000 | |
| Stock compensation expense | 15 | 3 | 1 | 869,000 | |
| Deferred income taxes | — | — | −2 | 3 | |
| Other | 1 | — | 1 | 2 | |
| Loss on disposal | 2 | — | — | — | |
| Equity in earnings (losses) from unconsolidated ventures, net of distributions and impairment charges | −2 | 43 | 81 | 37 | |
| Provision for (recovery of) doubtful accounts | −1 | 4 | 328,000 | −2 | |
| Accounts receivable | 479,000 | 5 | −5 | 671,000 | |
| Other assets and deferred expenses | 2 | 157,000 | −12 | — | |
| Deferred expenses | −320,000 | −521,000 | −175,000 | −2 | |
| Accounts payable and other liabilities | 3 | 9 | 2 | −6 | |
| Cash used in operating activities | −50 | −53 | −51 | −30 | |
| Operating property improvements | −25 | −7 | −19 | −12 | |
| Property development and redevelopment | −6 | −63 | −44 | −86 | |
| Cash and restricted cash received upon consolidation of previously unconsolidated entity | 685,000 | — | — | — | |
| Investments in unconsolidated ventures | — | −34 | −46 | −100 | |
| Distributions from unconsolidated ventures | 6 | 484,000 | 19,000 | — | |
| Cash used in investing activities | −24 | −103 | −108 | −198 | |
| Proceeds from mortgages payable | — | — | 115 | — | |
| Deferred financing costs | — | −472,000 | −2 | −295,000 | |
| Principal payments on mortgages payable | −2 | −56 | −102 | −2 | |
| Taxes paid on restricted stock vesting | −3 | — | — | — | |
| Preferred distributions to noncontrolling interest in subsidiary | −1 | −587,000 | — | — | |
| Proceeds from the Rights Offering | −206,000 | 167 | — | — | |
| Net investment by Former Parent | — | 169 | 125 | 240 | |
| Cash (used in) provided by financing activities | −7 | 280 | 136 | 237 | |
| Net change in cash, cash equivalents and restricted cash | −80 | 124 | −23 | 10 | |
| Interest paid | 10 | 13 | 11 | 7 | |
| Interest capitalized | 4 | 4 | 9 | 4 | |
| Accrued property improvements, developments, and redevelopments | 147,000 | 12 | 3 | 12 | |
| Capitalized stock compensation | 168,000 | 441,000 | 1 | 3 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Seaport Entertainment Group Inc.'s CIK number?
Seaport Entertainment Group Inc.'s SEC CIK number is 0002009684 (2009684). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Seaport Entertainment Group Inc.'s SEC filings?
All of Seaport Entertainment Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Seaport Entertainment Group Inc. last report earnings?
Seaport Entertainment Group Inc. (SEG) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-056308). This is Seaport Entertainment Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Seaport Entertainment Group Inc.'s most recent earnings 8-K?
Seaport Entertainment Group Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001104659-26-056308. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Seaport Entertainment Group Inc.'s latest earnings 8-K →
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