Seaport Entertainment Group Inc. — Cyborg Score 6/10
Solid
Mixed-use entertainment real estate operations
Strategic Profile
The company's portfolio includes The Seaport in New York, Las Vegas Aviators, Las Vegas Ballpark, Jean-Georges Management, and Fashion Show Mall. In February 2026, the company completed the sale of the 250 Water Street development project for $143.0 million to Tavros, demonstrating active portfolio optimization to strengthen its balance sheet.
Cyborg Score Rationale
Liquidity improved with the $75M Water Street sale and cost efficiencies, while non-GAAP adjusted net loss narrowed 21% year-over-year. Hospitality EBITDA rose despite revenue declines, and new leases and event-driven programming are expected to drive future growth.
Top Insights
Company uplifted from NYSE American to the New York Stock Exchange in June 2025, enhancing market visibility and institutional access.
Completed $143.0 million sale of 250 Water Street development project in February 2026, unlocking capital to strengthen balance sheet.
Released Q1 2026 earnings on May 7, 2026, showing operational improvements and positioning for growth.
Strategy focuses on integrating one-of-a-kind real estate assets with restaurants, retail, and leisure offerings to create vibrant mixed-use destinations.
Named Competitors
Jean-Georges Restaurants — Fine dining restaurant operator with minority interest held by SEG
Las Vegas Sports Teams & Venues — Triple-A baseball operations competing in minor league sports
Mixed-Use Entertainment Venues — Real estate developers creating entertainment-focused mixed-use destinations
Recent Developments
(May 2026) Q1 2026 earnings released showing 21% year-over-year improvement in adjusted net loss
(February 2026) Completed sale of 250 Water Street development project for $143.0 million
(June 2025) Uplifted to NYSE from NYSE American, beginning trading on June 30, 2025
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