Professional
Added to YB: 2025-04-25
Pitch date: 2025-04-23
SEG [neutral]
Seaport Entertainment Group Inc.
+34.2%
current return
Author Info
No bio for this author
Company Info
Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas.
Market Cap
$291.5M
Pitch Price
$18.13
Price Target
50.00 (+106%)
Dividend
N/A
EV/EBITDA
-5.90
P/E
-2.25
EV/Sales
2.19
Sector
Real Estate Management and Development
Category
special_situation
Plural Partners Fund Portfolio Holding: Seaport Entertainment Group Inc.
SEG (holding update): NYC real estate holding trades at $230M cap (down 31% to $18) with net cash. Meow Wolf signed 20-yr lease at Pier 17, expected to draw 1M+ visitors annually. New mgmt making rapid changes: expanded concerts, restaurant space optimization, Tin Building cost cuts, 250 Water St sale. $50 PT in 3 years vs $1.5B HHC investment.
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