Added to YB: 2025-07-07
Pitch date: 2025-07-03
SEG [bullish]
Seaport Entertainment Group Inc.
+8.99%
current return
Author Info
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
$19.91
Price Target
41.89 (+93%)
Dividend
N/A
EV/EBITDA
-7.96
P/E
-2.58
EV/Sales
3.42
Sector
Real Estate Management and Development
Category
value
Contrarian Investment or Dumb Idea? You Decide! Seaport Entertainment Group $SEG
SEG: NYC trophy RE trading at 20-50c/$ with Ackman's Pershing Square owning 40%. $270M EV vs assets worth $532M-$1.5B incl Seaport (13 restaurants, 478K sq ft), Las Vegas Aviators, air rights on Strip. 66% occupancy rising to 83%. $30M quarterly cash burn, but appreciating assets. PT $41.89 in 2-3 years.
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