Professional
Added to YB: 2024-10-16
Pitch date: 2024-10-15
SEG [neutral]
Seaport Entertainment Group Inc.
-26.54%
current return
Author Info
The Lion's Roar is searching for the next long/short idea. Primarily US, SMID cap focused, but looking for value everywhere. Sign up for the newsletter.
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
$29.54
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
value
O’Keefe Stevens Advisory Research Idea: Seaport Entertainment Group Inc.
SEG (pass): Spinoff from HHH with $300m diverse assets. Tin Building impressive post-$200m remodel but burning cash. Assets likely worth more than market value, but office vacancies concerning. Cheap on asset value, possibly expensive on NPV. Diligence trip planned for November. Passed for now.
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