Professional
Added to YB: 2025-09-11
Pitch date: 2025-09-03
SEG [neutral]
Seaport Entertainment Group Inc.
-10.39%
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
$281.9M
Pitch Price
$24.55
Price Target
55.00 (+150%)
Dividend
N/A
EV/EBITDA
-6.02
P/E
-2.40
EV/Sales
2.33
Sector
Real Estate Management and Development
Category
turnaround
McIntyre Partnerships Portfolio Holding: Seaport Entertainment Group Inc.
SEG (holding update): Q2 adj loss improved from $28M to $7M YoY; sold 250 Water St for $151M yielding ~$17/sh net cash vs $24 price. Sale eliminates $10M annual drag + adds $5M interest income. Meow Wolf & new tenants driving profitability. Est $3 FCF/sh 2028 + $10 net cash. 15x FCF = $55 PT.
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