Added to YB: 2026-02-25
Pitch date: 2026-02-23
SEG [neutral]
Seaport Entertainment Group Inc.
+0.55%
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
$261.3M
Pitch Price
$22.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.71
P/E
-2.45
EV/Sales
2.21
Sector
Real Estate Management and Development
Category
value
Seaport Entertainment Group Inc. - $SEG
SEG (watchlist): NYC Seaport + LV assets, NAV $33-$65/sh vs $20.52 price. Spun from HHH 7/24, burned $860M cash on Seaport w/ -$160M 3yr CFO. Rights offering raised $167M @ $25/sh; Ackman's Pershing owns 39.5%. Sold 250 Water St for $143M, net cash ~$140M post-paydown buys ~1yr runway. Tax agreement restricts M&A/buybacks til 8/26.
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