Seaport Entertainment Group
Runs destination real estate, hospitality, sports, and live-event assets in New York and Las Vegas.
Something off on this page? Send us feedback.
Profile
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
Key statistics
Year to date +36.0% · Average volume (30d) 71.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.25 | $0.02 | +108.0% | $32.2M | $34.3M | +6.6% | +0.48% |
| May 6, 2026Q1 FY26 | −$1.24 | −$1.41 | −13.7% | $17.0M | $12.7M | −24.9% | −2.88% |
| Mar 4, 2026Q4 FY25 | −$0.82 | −$1.37 | −67.1% | $29.4M | $29.5M | +0.3% | −1.45% |
| Nov 10, 2025Q3 FY25 | −$0.82 | −$0.57 | +30.5% | $29.4M | $45.1M | +53.2% | −3.12% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $16.1M | $39.8M | $45.1M | $29.5M | $12.7M | $34.3M | |
| Gross profit | −$6.8M | $6.7M | −$2.0M | −$2.7M | −$24.8M | $4.5M | |
| Operating income | −$32.7M | −$16.0M | −$27.4M | −$28.5M | −$39.9M | −$11.1M | |
| Net income | −$31.9M | −$14.8M | −$33.2M | −$36.9M | −$44.1M | −$10.1M | |
| Diluted EPS | −$2.51 | −$1.16 | −$2.61 | −$2.90 | −$3.47 | −$0.82 | |
| Gross margin | -42.0% | 16.8% | -4.4% | -9.2% | -194.9% | 13.0% | |
| Operating margin | -203.5% | -40.2% | -60.8% | -96.6% | -313.5% | -32.4% |
Fiscal years (4-quarter sums)FY23 $115.7M · FY24 $111.0M · FY25 $130.4M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $117.8M · Total debt $94.1M · Total assets $543.3M · Shareholders' equity $403.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 12.80M · Float 12.41M · 96.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Pershing Square Holdco, L.P. | 5.02M | 39.24% | 13F | Aug 14, 2026 |
| Kahn Brothers Group Inc | 917.0K | 7.16% | 13F | Aug 17, 2026 |
| Gate City Capital Management, LLC | 723.2K | 5.65% | 13F | Aug 14, 2026 |
| Rubric Capital Management LP | 568.5K | 4.44% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 553.1K | 4.32% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Madison Square Garden Entertainment
Live venues and premium events in New York
- Live Nation Entertainment
Global concerts, ticketing, venues, and sponsorship
- Ryman Hospitality Properties
Destination resorts paired with country-music venues
- Sphere Entertainment
Immersive Las Vegas venue and experiential media platform
- MGM Resorts International
Las Vegas Strip resorts with dining, entertainment, and retail
- VICI Properties
Experiential real estate landlord for gaming and leisure assets
- EPR Properties
Experiential REIT backing theatres, attractions, and eat-and-play
- Atlanta Braves Series C
Sports franchise and stadium-anchored mixed-use district
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seaport Entertainment Group | $26.79 | +0.22% | $343.0M | — | — | 2.8 | −13.9% |
| Madison Square Garden Entertainment | $78.30 | −0.04% | $3.70B | 56.7 | 32.2 | 3.5 | +27.4% |
| Live Nation Entertainment | $181.50 | −0.07% | $42.27B | — | 151.4 | 1.6 | +9.4% |
| Ryman Hospitality Properties | $129.33 | −0.01% | $8.16B | 31.5 | 27.0 | 3.0 | +13.6% |
| Sphere Entertainment | $141.68 | +0.03% | $5.10B | — | — | 3.8 | +5.4% |
| MGM Resorts International | $42.20 | −0.13% | $10.64B | 25.6 | 25.7 | 0.6 | +1.1% |
| VICI Properties | $25.95 | +0.27% | $28.48B | 10.0 | 8.9 | 7.0 | +5.7% |
| EPR Properties | $59.58 | +0.03% | $4.56B | 19.1 | 19.8 | 6.2 | +1.9% |
| Atlanta Braves Series C | $50.55 | −0.04% | $3.21B | — | — | 2.6 | −2.3% |
| Median | 25.6 | 26.3 | 3.2 | +5.5% |