Professional
Added to YB: 2025-07-03
Pitch date: 2025-06-30
SEG [neutral]
Seaport Entertainment Group Inc.
+17.36%
current return
Author Info
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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
$18.49
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
special_situation
Clark Street Value Mid Year 2025 Portfolio Review: Spinoffs / Asset Sales - Seaport Entertainment Group Inc.
SEG (holding update): Bill Ackman owns ~40% after HHH spinoff. Catalyst: marketing 250 Water St land parcel, likely JV structure where SEG contributes land but avoids construction risk. CEO repositioning Seaport, signing key leases, reducing cash burn. Market discounting due to Ackman concentration & baseball team ownership restrictions.
Read full article (1 min)