Professional
Added to YB: 2026-03-20
Pitch date: 2026-02-19
SEG [neutral]
Seaport Entertainment Group Inc.
+5.65%
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
$20.37
Price Target
70.00 (+225%)
Dividend
N/A
EV/EBITDA
-6.02
P/E
-2.40
EV/Sales
2.33
Sector
Real Estate Management and Development
Category
special_situation
McIntyre Partnerships Portfolio Holding: Seaport Entertainment Group Inc.
SEG (holding update): Lower Manhattan Seaport + $15/sh net cash ($18 at holdco). Sold 250 Water Street at est. value. Signed Meow Wolf (anchor tenant, 15% space, opens H2 2027) to drive traffic & replace low-density office leases. Expect $50M rental income post-opening. 6.5% cap + cash = $70 PT vs $20 current. TI/redevelopment spend may reduce net cash to $10/sh over 18mo. Tin Building underperforming vs initial expectations.
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