Welcome to our dedicated page for Seaport Entmt Group news (Ticker: SEG), a resource for investors and traders seeking the latest updates and insights on Seaport Entmt Group stock.
Seaport Entertainment Group Inc. (NYSE: SEG) generates news at the intersection of real estate, hospitality, sports, and live entertainment. The company describes itself as an entertainment and hospitality business formed to own, operate, and develop assets that combine restaurant, entertainment, sports, retail, and hospitality offerings within distinctive real estate environments. Its activities span the historic Seaport neighborhood in New York City and entertainment assets such as the Las Vegas Aviators and Las Vegas Ballpark.
News about Seaport Entertainment Group frequently covers operating and financial results, capital markets developments, and strategic real estate decisions. Recent earnings releases have discussed revenue trends, net loss metrics, non-GAAP adjusted results, and the impact of consolidating certain ventures. Filings and press releases also highlight the company’s transfer of its stock listing from the NYSE American to the New York Stock Exchange and inclusion in equity indices.
Company announcements also focus on events and programming at the Seaport, including hosting the Macy’s 4th of July Fireworks celebration, the Seaport Concert Series on The Rooftop at Pier 17, and the Food Network New York City Wine & Food Festival presented by Invesco QQQ, which established an Invesco QQQ Festival Campus in the Seaport. Additional news items describe leasing and development activity in the neighborhood, such as agreements with Meow Wolf, Willett’s NYC, Flanker Kitchen + Sports Bar, Hidden Boot Saloon, and Cork Wine Bar, as well as plans for meeting and event space on Pier 17.
Investors and followers of SEG’s news can also expect updates on executive leadership changes, including appointments of the President and Chief Executive Officer and the Chief Financial Officer and Treasurer, as well as disclosures about material agreements like the proposed sale of the 250 Water Street mixed-use development project. This news page brings together these categories of information so readers can review Seaport Entertainment Group’s operational, financial, and strategic developments in one place.
Seaport Entertainment Group (NYSE: SEG) has announced significant leadership changes, with Matt Partridge appointed as President and CEO, succeeding Anton Nikodemus. The transition includes Nikodemus staying on as Special Advisor until November 3, 2025, while Lenah Elaiwat becomes Interim CFO and Treasurer, and Michael Crawford assumes the role of Chairman of the Board.
Partridge, who previously served as CFO, played a key role in SEG's spinoff from Howard Hughes Holdings Inc. (NYSE: HHH) and its transformation into a hospitality and entertainment-focused company. The leadership change comes as SEG focuses on maximizing its portfolio potential, particularly in turning around its Seaport properties and operations.
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 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.