Professional
Added to YB: 2026-06-19
Pitch date: 2026-06-16
SEG [neutral]
Seaport Entertainment Group Inc.
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
N/A
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-6.41
P/E
N/A
EV/Sales
2.36
Sector
Real Estate Management and Development
Category
special_situation
East Coast Ideas Conference - 3 Interesting Ideas - Seaport Entertainment Group Inc.
SEG (overview): NYC Seaport District + Vegas Aviators ballpark, spun from Howard Hughes Jul'24. Mgmt fixing legacy neglect: LOIs/space up 1→5, market-rate releasing, Balloon Museum/Meow Wolf drive traffic, Tin Bldg closure cuts $20m burn. Selling non-core (multifamily ~14% return on $10m). Aug'26 unlocks buybacks/sales; 2028 stabilization. Pershing-backed. Risk: decadal exogenous shocks (9/11,Sandy).
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