Seaport Entertainment Group Inc. 8K

Seaport Entertainment Group Inc. reported Q2 2026 earnings and operational updates, showing improved losses, positive adjusted net income, a major asset sale, and key leasing and development milestones, including a lease termination with Nike enabling new event space at Pier 17.

On August 5, 2026, Seaport Entertainment Group Inc. (NYSE: SEG) issued an earnings press release and supplemental information as Exhibit 99.2 to its Form 8-K, reporting unaudited financial and operating results for the quarter and six months ended June 30, 2026. The company highlighted that Q2 2026 was its strongest quarter to date with all business segments profitable on an Operating EBITDA basis for the first time, while GAAP net loss attributable to common stockholders narrowed to $10.5 million ($0.82 per share) from $14.8 million ($1.16 per share) a year earlier and Non-GAAP Adjusted Net Income turned positive at $0.3 million. Management discussed operational milestones including the opening of Sadie’s and Sadie’s Garden Bar at the Seaport, execution of leases and programming agreements such as the Balloon Museum and Public Service concepts, completion of the sale of the 250 Water Street development site for $143.0 million with $76.1 million net proceeds, the Las Vegas Aviators clinching a 2026 playoff berth, and the negotiated lease termination with Nike at Pier 17 that generated $3.7 million in accelerated rent and termination fees and allowed SEG to commence buildout of a new Pier 17 Event Space. The filing also provided updated balance sheet data showing $127.0 million in cash, $38.1 million of long-term fixed-rate debt maturing in 2038, segment Operating EBITDA detail, non-GAAP reconciliations, and forward-looking statements regarding SEG’s entertainment and real estate development pipeline in New York City and Las Vegas.

Filing Facts

CIK

2009684

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-091195

Alert Tier

6