Added to YB: 2025-05-16
Pitch date: 2025-05-15
SEG [neutral]
Seaport Entertainment Group Inc.
+14.81%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
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
$312.4M
Pitch Price
$18.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.96
P/E
-2.58
EV/Sales
3.42
Sector
Real Estate Management and Development
Category
value
1Q25 Earning and Position Updates - Added: Seaport Entertainment Group Inc.
SEG (added to position): At $19/sh ($250M MCap, $200M EV), trading 87% below $1.5B portfolio cost. Burns $80M/yr ($20M/qtr operational + $15M/qtr CapEx) with $130M cash (~1yr runway). Breakeven target by 2026 requires perfect execution. 250 Water property key internal funding source. External capital raise would be devastating to shareholders.
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