Seaport Entertainment Group, Inc. (SEG)
NYSE NYSE Primary Summary
Seaport Entertainment Group Inc. (SEG) Q2 2025 Earnings Call Transcript
Seaport Entertainment Group Inc. (NYSE:SEG ) Q2 2025 Earnings Conference Call August 12, 2025 8:30 AM ET Company Participants Anton D. Nikodemus - CEO, President & Chairman of the Board of Directors Matthew Morris Partridge - CFO, Executive VP & Treasurer Operator Ladies and gentlemen, greetings and welcome to Seaport Entertainment Group Second Quarter 2025 Earnings Call.
Seaport Entertainment's Sale Of 250 Water Street Could Be Worth $17 Per Share
SEG's planned sale of Manhattan's Financial District 250 Water Street could unlock significant value for shareholders, eliminating project risk, debt, and costly interest expenses. The Manhattan site is uniquely attractive, with full approvals, 421a tax benefits, and strong demand for housing in Manhattan set to drive a premium sale price. A sale at $220 million would represent $17.33 per share, nearly matching SEG's market cap and highlighting current undervaluation.
Seaport Entertainment Group Inc. (SEG) Q1 2025 Earnings Call Transcript
Seaport Entertainment Group Inc. (SEG Q1 2025 Earnings Conference Call May 13, 2025 8:30 AM ET Company Participants Matt Partridge - Chief Financial Officer Anton Nikodemus - Chairman, President & Chief Executive Officer Conference Call Participants Operator Greetings, and welcome to the Seaport Entertainment Group First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode.
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Seaport Entertainment Group, Inc. Profile
| Entertainment Industry | Communication Services Sector | Matthew Morris Partridge CEO | NYSE Exchange | 812215200 CUSIP |
| US Country | 180 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Seaport Entertainment Group Inc. is a dynamic company specializing in the development, ownership, and operation of a wide array of entertainment and real estate assets. With a primary geographical focus on New York City and Las Vegas, the organization thrives across three primary segments: Landlord Operations, Hospitality, and Sponsorships, Events, and Entertainment. The company was established in 2024 and operates with a strategic base in New York, New York. Functioning as a subsidiary of Howard Hughes Holdings Inc., Seaport Entertainment Group Inc. leverages its diverse portfolio to offer exceptional experiences and services in some of the most vibrant entertainment markets in the United States.
Products and Services
- Landlord Operations: This segment involves the company's engagement in both owning and operating a variety of real estate assets. These include a mix of restaurant, retail, office, and entertainment properties alongside residential units primarily located in Seaport. By managing these assets directly, Seaport Entertainment Group Inc. ensures a cohesive and high-quality tenant experience.
- Hospitality: The Hospitality segment showcases the company's prowess in managing six fine dining and casual dining establishments, inclusive of cocktail bars and entertainment venues. Notable names under this segment include The Fulton, Mister Dips, Carne Mare, Malibu Farm, Pearl Alley, and The Lawn Club. Furthermore, the Tin Building is operated under this segment, offering a diverse range of dining, retail, and private dining experiences. This broad spectrum of venues demonstrates the company's commitment to providing premier hospitality experiences.
- Sponsorships, Events, and Entertainment: This dynamic segment encompasses a wide range of entertainment assets and activities. Among them are the Las Vegas Aviators Triple-A Minor League Baseball team and the state-of-the-art Las Vegas Ballpark. Additionally, it includes the Fashion Show Mall Air Rights, various Seaport events and concerts, and an array of sponsorship agreements. These sponsorships span across both Seaport and the Las Vegas Ballpark, illustrating the company's influential role in crafting unique and memorable entertainment experiences.
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