Seaport Entertainment Group (SEG)
Runs destination real estate, hospitality, sports, and live-event assets in New York and Las Vegas.
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Owns and operates destination assets across Hospitality, Entertainment, and Landlord Operations, including the Seaport, food-and-beverage venues, Las Vegas Aviators, Las Vegas Ballpark, Jean-Georges interests, and Fashion Show Mall air rights. The business is newly public from a Howard Hughes spin-off and concentrated in U.S. leisure markets.
Built from Howard Hughes's 2024 separation, the portfolio combines Hospitality, Entertainment, and Landlord Operations around destination assets. The Seaport in Lower Manhattan anchors the New York footprint, while Las Vegas assets include the Aviators, Las Vegas Ballpark, Jean-Georges-related interests, and Fashion Show Mall air rights.
Operations are concentrated in the United States, mainly New York City and Las Vegas. The model blends leased real estate, food-and-beverage venues, sponsorships, events, and sports-adjacent entertainment, with management focused on programming spaces, expanding partnerships, and completing development or redevelopment projects.
Execution depends on distinctive locations, tenant and customer demand, service quality, and continued investment in memorable experiences. Fashion Show Mall air rights are a potential Las Vegas Strip development asset rather than current venue operations.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $117.8M · Total debt $94.1M · Total assets $543.3M · Shareholders' equity $403.9M
- Revenue
- $34.3M
- Operating income
- −$11.1M
- Net income
- −$10.1M
No dividends on record.
| Institutions | ≈ 87.40% | 11.20M shares | |
|---|---|---|---|
| 120 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.13% | 401.2K shares | |
| 9 holders · as of Sep 22, 2026 | |||
| Other | ≈ 9.47% | 1.21M shares | |
| remainder | |||
12.81M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Pershing Square Holdco, L.P.Institution | 39.22% | 5.02M | as of Jun 30, 2026 |
Kahn Brothers Group IncInstitution | 7.16% | 917,005 | as of Jun 30, 2026 |
Gate City Capital Management, LLCInstitution | 5.65% | 723,248 | as of Jun 30, 2026 |
Rubric Capital Management LPInstitution | 4.44% | 568,530 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.32% | 553,120 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seaport Entertainment Group | $24.30 | +1.25% | $307.2M | — | — | 2.5 | −13.9% |
| Madison Square Garden Entertainment | $79.09 | −1.35% | $3.79B | 58.1 | 32.5 | 3.6 | +27.4% |
| Live Nation Entertainment | $168.55 | −0.76% | $39.52B | — | 140.5 | 1.5 | +9.4% |
| Ryman Hospitality Properties | $121.08 | −0.39% | $7.67B | 29.6 | 25.8 | 2.8 | +13.6% |
| Sphere Entertainment | $138.10 | −2.68% | $5.11B | — | — | 3.8 | −20.5% |
| MGM Resorts International | $38.23 | −1.72% | $9.79B | 23.6 | 23.3 | 0.6 | +1.1% |
| VICI Properties | $23.81 | −0.73% | $26.40B | 9.3 | 8.1 | 6.4 | +5.7% |
| EPR Properties | $57.47 | −0.64% | $4.43B | 18.5 | 19.2 | 6.1 | +12.4% |
| Atlanta Braves Series C | $52.80 | −0.07% | $3.36B | — | — | 4.5 | −2.3% |
| Median | 23.6 | 24.5 | 3.7 | +7.6% |