Seaport Entmt Group Inc Stock Price, News & Analysis

Seaport Entertainment Group (NYSE:SEG) has announced an agreement to sell its 250 Water Street development project to Tavros for $150.5 million. The one-acre site in New York City is entitled for a 26-story, mixed-use building featuring up to 399 residential units and approximately 200,000 square feet of commercial space.

The deal includes a $6.0 million non-refundable deposit at signing, with provisions to increase the deposit to $8.5 million and the sale price to $152.0 million before closing. The transaction is expected to close by the end of 2025.

Seaport Entertainment Group (NYSE:SEG) reported its Q2 2025 financial results, showing improved performance despite continued losses. The company posted total revenues of $39.8 million, an 18.2% increase year-over-year, while reducing its net loss to ($14.8) million, or ($1.16) per share, compared to ($35.0) million in Q2 2024.

Key developments include exploring strategic alternatives for the 250 Water Street site, signing new leases with Willett's NYC and Cork Wine Bar, and completing a corporate restructuring with Jean-Georges Restaurants. The company also uplisted to the NYSE and was added to the Russell 2000 Index. SEG maintains a strong liquidity position with $125.4 million in cash and cash equivalents, while managing $101.4 million in consolidated debt at a 7.3% effective weighted-average interest rate.

Seaport Entertainment Group (NYSE:SEG) has scheduled its Q2 2025 earnings release for August 11, 2025 after market close, with a conference call to follow on August 12, 2025 at 8:30 AM ET.

CEO Anton Nikodemus and CFO Matt Partridge will address pre-submitted investor questions during the call. The presentation will be accessible via webcast through the company's investor relations website, with replay available until August 26, 2025.

Seaport Entertainment Group (NYSE:SEG) has received approval to uplist from NYSE American to the New York Stock Exchange (NYSE). The company's common stock will cease trading on NYSE American after market close on June 27, 2025, and begin trading on the NYSE on June 30, 2025, maintaining its ticker symbol "SEG".

Chairman, President, and CEO Anton Nikodemus highlighted this uplisting as a significant milestone for the company, expressing enthusiasm about expanding their investor reach and continuing to build shareholder value.

The Food Network New York City Wine & Food Festival (NYCWFF) announces a major transformation for its 18th year, relocating to Manhattan's historic Seaport neighborhood from October 15-19, 2025. Renowned chef Jean-Georges Vongerichten will serve as Culinary Host, bringing his expertise to curate chef collaborations and dining experiences at the Tin Building.

The festival introduces new partnerships with Event Zero Foundation as host and the James Beard Foundation as beneficiary, while maintaining its collaboration with Food Network. The event will be produced by a21 and Seaport Entertainment Group, featuring signature events like the Grand Tasting with waterfront views. Over its 17-year history, NYCWFF has generated more than $14.8 million for charitable causes.

Seaport Entertainment Group (NYSE: SEG) reported Q1 2025 financial results, showing a net loss of $31.9 million ($2.51 per share), an improvement from Q4 2024's loss of $44.1 million. Total revenues increased 10.7% to $16.1 million. The company has strengthened its position by internalizing food and beverage operations and signing key partnerships, including a 74,497 sq ft lease with Meow Wolf at Pier 17. SEG maintains a strong liquidity position with $132.0 million in cash and equivalents, and $102.4 million in consolidated debt at 7.3% effective interest rate. Notable developments include plans for 17,500 sq ft of event space at Pier 17 and hosting the NYC Wine & Food Festival in October 2025. The company's debt structure is secure with no major maturities until Q3 2029.

Seaport Entertainment Group (NYSE American: SEG) has scheduled its first quarter 2025 earnings release for Monday, May 12, 2025, after market close. The company will host a conference call the following day on Tuesday, May 13, at 8:30 AM ET.

Key details:

• Chairman, CEO and President Anton Nikodemus and CFO Matt Partridge will lead the call
• Investors can submit questions in advance via email to ir@seaportentertainment.com
• Audio webcast available through the "Investors" section at seaportentertainment.com
• Replay available until May 27, 2025

Conference call access numbers:

• Domestic: 1-877-407-3982
• International: 1-201-493-6780
• Playback Domestic: 1-844-512-2921
• Playback International: 1-412-317-6671
• Passcode: 13753311

The Food Network New York City Wine & Food Festival (NYCWFF) announces major changes for its 2025 edition, relocating to Manhattan's historic Seaport neighborhood from October 15-19. The festival will feature renowned Chef Jean-Georges Vongerichten as Culinary Host, who will curate chef collaborations and dining experiences at the Tin Building.

The event introduces new partnerships with Event Zero Foundation as host and beneficiary, and the James Beard Foundation as beneficiary. Seaport Entertainment Group (NYSE: SEG) will facilitate the festival experience, while a21 joins as the production partner. The festival's new waterfront location will host signature events including the Grand Tasting.

Over its 17-year history, NYCWFF has generated more than $14.8 million in net proceeds for charitable causes. The 2025 program launches July 7, with tickets available from July 9 at nycwff.org.

Seaport Entertainment Group (NYSE: SEG) has signed a significant 20-year lease agreement with Meow Wolf for approximately 75,000 rentable square feet at Pier 17. This development will mark Meow Wolf's seventh permanent exhibit and its first East Coast location.

The immersive arts and entertainment venue will join existing attractions at the Seaport, including The Rooftop at Pier 17 concert venue and Lawn Club. The new installation is expected to attract millions of visitors annually, furthering SEG's mission to revitalize Downtown Manhattan's historic waterfront district.

Construction is scheduled to commence in Q3 2025, with opening date and theme details pending announcement. The deal was brokered by CBRE, acting as dual leasing agent for both parties. This expansion adds to Meow Wolf's existing locations in Santa Fe, Las Vegas, Denver, Dallas, and Houston, with Los Angeles also in development.