Professional
Added to YB: 2025-10-23
Pitch date: 2025-10-21
SEG [neutral]
Seaport Entertainment Group Inc.
-8.33%
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
$24.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
-6.02
P/E
-2.40
EV/Sales
2.33
Sector
Real Estate Management and Development
Category
value
Plural Partners Fund Portfolio Holding: Seaport Entertainment Group Inc.
SEG (holding udpate): NYC Seaport real estate co w/ $300M mkt cap vs $160M net cash + $850M property value est. Spun from Howard Hughes, mgmt progress turning around loss-making assets. $150M Aug property sale ignored by market. Down 10% YTD despite value. FCF breakeven target next yr, profitability beyond.
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