SEG on NYSE
Seaport Entertainment Group Inc.
American miscellaneous amusement and recreation services company. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerSEG on NYSE2
- IndustryServices-Miscellaneous Amusement & Recreation2
- HeadquartersNew York, United States2
- Incorporated inDE3
- Business addressThe Seaport, 199 Water Street, 28Th Floor, New York, Ny 100383
- Filer categoryAccelerated filer, Emerging growth company3
- Legal formCorporation2
- LEI2549006G3SN205YAST272
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 29552682
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-90.6%Operating margin4
-89.5%Net margin4
18.3%Revenue growth, 20254
-25.6%Return on equity4
0.08×Debt to equity4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Sponsorships, events, and entertainment brought in 45% of the revenue Seaport Entertainment Group Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Sponsorships, events, and entertainment | $57.6M | $51.4M | $58.8M |
| Hospitality | $32.3M | $30.0M | $51.7M |
| Rental | $22.1M | $26.7M | $17.7M |
| Product and Service, Other | $2.9M | $2.1M | $2.1M |
Business segments
Sponsorships, events, and entertainment brought in 40% of the revenue Seaport Entertainment Group Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Sponsorships, events, and entertainment | $56.5M | $51.4M | $59.4M |
| Hospitality | $33.4M | $30.0M | $51.9M |
| Landlord Operations | $33.0M | $35.3M | $37.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$130.4M
Out of $130.4M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $130.4M | $110.2M | $114.9M |
| Operating costs | $31.4M | $35.0M | $32.4M |
| General and administrative | $42.8M | $63.3M | $30.5M |
| Depreciation and amortization | $32.2M | $34.8M | $48.4M |
| Other | $81.0K | ||
| Total expenses | $234.7M | $219.1M | $199.1M |
| Loss on assets held for sale | -$11.0M | ||
| Provision for impairment | $0 | -$672.5M | |
| Other income (loss), net | -$2.8M | $6.7M | $33.0K |
| Total other | -$13.8M | $6.7M | -$672.5M |
| Operating loss | -$118.2M | -$102.2M | -$756.7M |
| Interest income (expense) | $456.0K | -$6.8M | -$3.2M |
| Equity in earnings (losses) from unconsolidated ventures | $2.4M | -$42.1M | -$80.4M |
| Loss on extinguishment of debt | -$1.6M | -$47.0K | |
| Loss before income taxes | -$115.3M | -$152.6M | -$840.3M |
| Income tax expense (benefit) | $0 | $0 | -$2.2M |
| Net loss | -$115.3M | -$152.6M | -$838.1M |
| Preferred distributions to noncontrolling interest in subsidiary | -$1.4M | -$587.0K | |
| Net loss attributable to common stockholders | -$116.7M | -$153.2M | -$838.1M |
| Basic (in shares) | 12.7M shares | 9.1M shares | 5.5M shares |
| Diluted (in shares) | 12.7M shares | 9.1M shares | 5.5M shares |
| Basic (in dollars per share) | -$9.18 | -$16.82 | -$151.77 |
| Diluted (in dollars per share) | -$9.18 | -$16.82 | -$151.77 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Buildings and equipment | $537.2M | $522.7M | |||
| Less: accumulated depreciation | -$225.7M | -$215.5M | |||
| Land | $9.5M | $9.5M | |||
| Developments | $146.5M | ||||
| Net investment in real estate | $321.1M | $463.1M | |||
| Assets held for sale | $137.4M | ||||
| Investments in unconsolidated ventures | $16.7M | $28.3M | |||
| Cash and cash equivalents | $77.8M | $165.7M | $1.8M | ||
| Restricted cash | $9.6M | $2.2M | $42.0M | ||
| Accounts receivable, net | $7.1M | $5.2M | |||
| Deferred expenses, net | $3.5M | $4.5M | |||
| Operating lease right-of-use assets, net | $45.1M | $38.7M | |||
| Other assets, net | $31.7M | $35.8M | |||
| Total assets | $650.1M | $743.6M | |||
| Mortgages payable, net | $38.3M | $101.6M | |||
| Mortgages payable related to assets held for sale | $61.3M | ||||
| Operating lease obligations | $56.5M | $47.5M | |||
| Accounts payable and other liabilities | $27.5M | $23.1M | |||
| Total liabilities | $183.7M | $172.2M | |||
| 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 | $128.0K | $127.0K | |||
| Additional paid in capital | $624.8M | $613.0M | |||
| Accumulated deficit | -$168.4M | -$51.7M | |||
| Total stockholders' equity | $456.5M | $561.5M | |||
| Noncontrolling interest in subsidiary | $9.9M | $9.9M | |||
| Total equity | $466.4M | $571.4M | $384.9M | $1.1B | |
| Total liabilities and equity | $650.1M | $743.6M | |||
| Preferred stock par value (In dollars per share) | $0.01 | $0.01 | |||
| Preferred stock, authorized | 20.0M shares | 20.0M shares | |||
| Preferred stock, issued | 0 shares | 0 shares | |||
| Preferred stock outstanding | 0 shares | 0 shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, shares authorized | 480.0M shares | 480.0M shares | |||
| Common stock, shares issued | 12.8M shares | 12.7M shares | 5.5M shares | ||
| Common Stock, Shares, Outstanding | 12.8M shares | 12.7M shares | 5.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Buildings and equipment | $537.2M | $522.7M | |||
| Less: accumulated depreciation | -$225.7M | -$215.5M | |||
| Land | $9.5M | $9.5M | |||
| Developments | $146.5M | ||||
| Net investment in real estate | $321.1M | $463.1M | |||
| Assets held for sale | $137.4M | ||||
| Investments in unconsolidated ventures | $16.7M | $28.3M | |||
| Cash and cash equivalents | $77.8M | $165.7M | $1.8M | ||
| Restricted cash | $9.6M | $2.2M | $42.0M | ||
| Accounts receivable, net | $7.1M | $5.2M | |||
| Deferred expenses, net | $3.5M | $4.5M | |||
| Operating lease right-of-use assets, net | $45.1M | $38.7M | |||
| Other assets, net | $31.7M | $35.8M | |||
| Total assets | $650.1M | $743.6M | |||
| Mortgages payable, net | $38.3M | $101.6M | |||
| Mortgages payable related to assets held for sale | $61.3M | ||||
| Operating lease obligations | $56.5M | $47.5M | |||
| Accounts payable and other liabilities | $27.5M | $23.1M | |||
| Total liabilities | $183.7M | $172.2M | |||
| 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 | $128.0K | $127.0K | |||
| Additional paid in capital | $624.8M | $613.0M | |||
| Accumulated deficit | -$168.4M | -$51.7M | |||
| Total stockholders' equity | $456.5M | $561.5M | |||
| Noncontrolling interest in subsidiary | $9.9M | $9.9M | |||
| Total equity | $466.4M | $571.4M | $384.9M | $1.1B | |
| Total liabilities and equity | $650.1M | $743.6M | |||
| Preferred stock par value (In dollars per share) | $0.01 | $0.01 | |||
| Preferred stock, authorized | 20.0M shares | 20.0M shares | |||
| Preferred stock, issued | 0 shares | 0 shares | |||
| Preferred stock outstanding | 0 shares | 0 shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, shares authorized | 480.0M shares | 480.0M shares | |||
| Common stock, shares issued | 12.8M shares | 12.7M shares | 5.5M shares | ||
| Common Stock, Shares, Outstanding | 12.8M shares | 12.7M shares | 5.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$115.3M | -$152.6M | -$838.1M |
| Depreciation | $28.4M | $31.2M | $45.0M |
| Amortization | $3.8M | $3.5M | $3.4M |
| Amortization of deferred financing costs | $53.0K | $475.0K | $463.0K |
| Straight-line rent amortization | $2.6M | -$503.0K | -$216.0K |
| Stock compensation expense | $15.1M | $3.3M | $1.5M |
| Deferred income taxes | -$2.2M | ||
| Other | $1.1M | $1.2M | |
| Loss on extinguishment of debt | $1.6M | $47.0K | |
| Loss on disposal | $2.0M | ||
| Loss on assets held for sale | -$11.0M | ||
| Impairment charges | $0 | $672.5M | |
| Equity in earnings (losses) from unconsolidated ventures, net of distributions and impairment charges | -$2.4M | $42.8M | $81.4M |
| Provision for (recovery of) doubtful accounts | -$1.5M | $3.8M | $328.0K |
| Accounts receivable | $479.0K | $5.2M | -$5.3M |
| Other assets and deferred expenses | $2.5M | $157.0K | -$12.3M |
| Deferred expenses | -$320.0K | -$521.0K | -$175.0K |
| Accounts payable and other liabilities | $2.8M | $8.8M | $1.6M |
| Cash used in operating activities | -$49.7M | -$52.7M | -$50.8M |
| Operating property improvements | -$25.0M | -$6.7M | -$18.7M |
| Property development and redevelopment | -$5.7M | -$62.5M | -$44.0M |
| Cash and restricted cash received upon consolidation of previously unconsolidated entity | $685.0K | ||
| Investments in unconsolidated ventures | -$34.1M | -$45.5M | |
| Distributions from unconsolidated ventures | $6.3M | $484.0K | $19.0K |
| Cash used in investing activities | -$23.8M | -$102.9M | -$108.3M |
| Proceeds from mortgages payable | $115.0M | ||
| Deferred financing costs | -$472.0K | -$2.3M | |
| Principal payments on mortgages payable | -$2.0M | -$55.6M | -$101.8M |
| Taxes paid on restricted stock vesting | -$3.4M | ||
| Preferred distributions to noncontrolling interest in subsidiary | -$1.4M | -$587.0K | |
| Proceeds from the Rights Offering | -$206.0K | $166.8M | |
| Net investment by Former Parent | $169.5M | $125.3M | |
| Cash (used in) provided by financing activities | -$7.0M | $279.6M | $136.2M |
| Net change in cash, cash equivalents and restricted cash | -$80.5M | $124.0M | -$22.9M |
| Interest paid | $9.6M | $12.8M | $11.2M |
| Interest capitalized | $4.2M | $3.6M | $8.5M |
| Accrued property improvements, developments, and redevelopments | $147.0K | $12.3M | $3.3M |
| Capitalized stock compensation | $168.0K | $441.0K | $1.3M |
No quarter-by-quarter statement was filed.
Compare Seaport Entertainment Group Inc. with another company
Leadership
Who has led Seaport Entertainment Group Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2025
- Chief executive officerMatthew Morris Partridge Sep 19, 2025 to now8
- Chief executive officerAnton D. Nikodemus Jul 24, 2024 to Sep 19, 20259
- Chief financial officerLenah Elaiwat Dec 3, 2025 to now10
- Chief financial officerMatthew Morris Partridge Jul 24, 2024 to Dec 3, 202511
Board members and other officers (9)
- Chief People OfficerRebecca E. Sachs Aug 18, 2025 to now12
- Chief Accounting OfficerLenah Elaiwat Aug 1, 2024 to now13
- Board memberMatthew Morris Partridge Sep 19, 2025 to now8
- Board memberAnthony F. Massaro Aug 1, 2024 to Oct 22, 202414
- Board memberDavid Z. Hirsh Aug 1, 2024 to now15
- Board memberMonica S. Digilio Aug 1, 2024 to now16
- Board memberSquare Holdco L.p. Pershing Aug 7, 2024 to now17
- Board memberAnton D. Nikodemus Aug 9, 2024 to now18
- General counselLuciana Fato Aug 1, 2024 to now19
Timeline
Filings
179 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 30 major events, 70 insider forms, 12 large holders, 58 other. The latest 20:
- Oct 6, 2026144 EDGAR
- Sep 22, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Aug 3, 20264 EDGAR
- Aug 3, 20264 EDGAR
- Aug 3, 20264 EDGAR
- Jun 29, 20268-K EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 12, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G EDGAR
- May 8, 2026SCHEDULE 13G EDGAR
- May 6, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- Apr 23, 20264 EDGAR
The 179 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GATE CITY CAPITAL MANAGEMENT, LLCSCHEDULE 13G, 1 filing May 15, 202620
- KAHN BROTHERS GROUP INCSCHEDULE 13G, 1 filing May 8, 202621
- Beryl Capital Management LLCSCHEDULE 13G/A, 2 filings Sep 9, 2024 to Feb 13, 202522
- Rubric Capital Management LPSCHEDULE 13G/A, 2 filings Nov 13, 2024 to Feb 13, 202523
- BlackRockSCHEDULE 13G/A, 3 filings Oct 24, 2024 to Feb 3, 202524
- Pershing Square Capital Management, L.P.SC 13D/A, 3 filings Aug 7, 2024 to Oct 22, 202425
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARAnthony F. Massaro, Board member
- 15SEC EDGARDavid Z. Hirsh, Board member
- 16SEC EDGARMonica S. Digilio, Board member
- 17
- 18SEC EDGARAnton D. Nikodemus, Board member
- 19SEC EDGARLuciana Fato, General counsel
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