Profile
Sector:
Real EstateIndustry:
ServicesCountry:
United StatesIPO:
29 July 2024Website:
Next earnings report:
29 November 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | Fri, 25 Oct 2024 13:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
Included in screeners
SEG Latest News
NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group Inc. announced today the preliminary results of its previously announced $175.0 million rights offering.
Seaport Entertainment Group, a spinout (with rights offering) from Howard Hughes Holdings, appears undervalued on a sum-of-the-parts basis given trophy property assets in New York and Las Vegas. Despite a loss-making history from a focus on high-end restaurants, there may be significant opportunities for new management to unlock value from a unique set of properties and property rights. Potential risks include Pershing Square holding potentially a majority stake, which could disadvantage minority shareholders.
What type of business is Seaport Entertainment?
Seaport Entertainment Group Inc. develops, owns, and operates a portfolio of entertainment and real estate assets primarily in the New York City and Las Vegas. It operates through three segments: Landlord Operations; Hospitality; and Sponsorships, Events, and Entertainment. The company's Landlord Operations segment engages in the holding of ownership interests in and operation of physical real estate assets, such as restaurant, retail, office, and entertainment properties, as well as residential units in Seaport. Its Hospitality segment operates six fine dining and casual dining restaurants, cocktail bars, and entertainment venues under The Fulton, Mister Dips, Carne Mare, Malibu Farm, Pearl Alley, and The Lawn Club names; and the Tin Building, which offers restaurants, bars, grocery markets, retail, and private dining experiences. The company's Sponsorships, Events, and Entertainment segment includes the Las Vegas Aviators Triple-A Minor League Baseball team, the Las Vegas Ballpark, the Fashion Show Mall Air Rights, Seaport events, and concerts, as well as various sponsorship agreements across the Seaport and the Las Vegas Ballpark. Seaport Entertainment Group Inc. was incorporated in 2024 and is headquartered in New York, New York.
What sector is Seaport Entertainment in?
Seaport Entertainment is in the Real Estate sector
What industry is Seaport Entertainment in?
Seaport Entertainment is in the Services industry
What country is Seaport Entertainment from?
Seaport Entertainment is headquartered in United States
When did Seaport Entertainment go public?
Seaport Entertainment initial public offering (IPO) was on 29 July 2024
Is Seaport Entertainment in the S&P 500?
No, Seaport Entertainment is not included in the S&P 500 index
Is Seaport Entertainment in the NASDAQ 100?
No, Seaport Entertainment is not included in the NASDAQ 100 index
Is Seaport Entertainment in the Dow Jones?
No, Seaport Entertainment is not included in the Dow Jones index
When was Seaport Entertainment the previous earnings report?
No data
When does Seaport Entertainment earnings report?
The next expected earnings date for Seaport Entertainment is 29 November 2024