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Seaport Entertainment Group Inc. (SEG) 10-Year Financial Performance & Capital Metrics

SEG • • REIT / Real Estate
Real EstateReal Estate ServicesReal Estate Investment & DevelopmentSpecialized Property Developers
AboutSeaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas. The company operates through three segments: Landlord Operations; Hospitality; and Sponsorships, Events, and Entertainment. The 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. The Hospitality segment operates six fine dining and casual dining restaurants, cocktail bars, and nightlife and entertainment venues under The Fulton, Mister Dips, Carne Mare, Malibu Farm, Gitano, and The Lawn Club brands; and the Tin Building, which offers restaurants, bars, grocery markets, retail, and private dining experiences. The 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.Show more
  • Revenue $111M -3.9%
  • FFO -$118M +85.0%
  • FFO/Share -13.00 +75.9%
  • FFO Payout 0%
  • FFO per Share -13.00 +75.9%
  • NOI Margin 32.73% +2.9%
  • FFO Margin -106.56% +84.4%
  • ROE -32.04% +71.7%
  • ROA -22.53% +74.0%
  • Debt/Assets 20.05% -39.3%
  • Net Debt/EBITDA -
  • Book Value/Share 62.73 +138.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 38.2% TTM
  • ✓Share count reduced 37.7% through buybacks
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Low NOI margin of 32.7%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM11.45%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM28.15%

EPS CAGR

10Y-
5Y-
3Y-
TTM49.3%

ROCE

10Y Avg-33.7%
5Y Avg-33.7%
3Y Avg-33.7%
Latest-15.52%

Peer Comparison

Specialized Property Developers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LGPSLogProstyle Inc.21.9M0.930.0346.23%3.79%11%100%4.94
UKUcommune International Ltd4.73M0.71-0.01-62.02%-18.88%-147.89%0.73
SEGSeaport Entertainment Group Inc.265.53M20.85-1.24-3.93%-98.17%-24.51%0.26
MLPMaui Land & Pineapple Company, Inc.335.21M16.98-44.6824.5%-61.64%-33.53%0.10
HBNBHotel101 Global Holdings Corp. Class A Ordinary Shares2.33B9.974163%-108.7%-245.56%0.78

Profit & Loss

Dec 2022Dec 2023Dec 2024
Revenue+119.05M115.68M111.14M
Revenue Growth %--0.03%-0.04%
Property Operating Expenses76.8M78.9M74.76M
Net Operating Income (NOI)+---
NOI Margin %---
Operating Expenses+108.92M793.19M138.12M
G&A Expenses16.98M30.54M63.27M
EBITDA+-19.32M-707.97M-66.95M
EBITDA Margin %---
Depreciation & Amortization+47.36M48.43M34.78M
D&A / Revenue %---
Operating Income+-66.67M-756.41M-101.74M
Operating Margin %---
Interest Expense+4.01M3.17M6.75M
Interest Coverage-16.61x-238.92x-15.07x
Non-Operating Income37.12M80.68M44.13M
Pretax Income+-107.81M-840.25M-152.63M
Pretax Margin %---
Income Tax+3.47M-2.19M0
Effective Tax Rate %---
Net Income+-111.28M-838.07M-153.21M
Net Margin %---
Net Income Growth %--6.53%0.82%
Funds From Operations (FFO)+---
FFO Margin %---
FFO Growth %--11.35%0.85%
FFO per Share+---
FFO Payout Ratio %---
EPS (Diluted)+-8.84-58.82-16.82
EPS Growth %--5.65%0.71%
EPS (Basic)-8.84-58.82-16.82
Diluted Shares Outstanding12.58M14.61M9.11M

Balance Sheet

Dec 2022Dec 2023Dec 2024
Total Assets+1.31B616.81M743.56M
Asset Growth %--0.53%0.21%
Real Estate & Other Assets+521K146K468.23M
PP&E (Net)858.04M375.47M38.68M
Investment Securities1000K1000K1000K
Total Current Assets+81.68M75.95M190.94M
Cash & Equivalents16.45M1.83M165.67M
Receivables1000K1000K1000K
Other Current Assets50.27M42.01M2.18M
Intangible Assets23.69M20.53M17.38M
Total Liabilities218.33M231.92M172.17M
Total Debt+190.53M203.78M149.06M
Net Debt174.08M201.95M-16.6M
Long-Term Debt144.18M155.63M101.59M
Short-Term Borrowings000
Capital Lease Obligations46.35M48.15M47.47M
Total Current Liabilities+23.29M27.23M21.74M
Accounts Payable3.34M4.29M11M
Deferred Revenue5.52M4.58M4.63M
Other Liabilities2.32M908K1.37M
Total Equity+1.1B384.89M571.38M
Equity Growth %--0.65%0.48%
Shareholders Equity1.1B384.89M561.48M
Minority Interest009.9M
Common Stock00127K
Additional Paid-in Capital00613.01M
Retained Earnings00-51.66M
Preferred Stock000
Return on Assets (ROA)-0.08%-0.87%-0.23%
Return on Equity (ROE)-0.1%-1.13%-0.32%
Debt / Assets0.14%0.33%0.2%
Debt / Equity0.17x0.53x0.26x
Net Debt / EBITDA---
Book Value per Share87.1226.3462.73

Cash Flow

Dec 2022Dec 2023Dec 2024
Cash from Operations+-29.55M-50.78M-52.7M
Operating CF Growth %--0.72%-0.04%
Operating CF / Revenue %---
Net Income-111.28M-838.07M-152.63M
Depreciation & Amortization47.36M48.43M34.78M
Stock-Based Compensation869K1.5M3.34M
Other Non-Cash Items36.3M755.66M48.13M
Working Capital Changes-6.27M-16.11M13.68M
Cash from Investing+-198.03M-108.3M-102.88M
Acquisitions (Net)-100.11M-45.53M-34.12M
Purchase of Investments000
Sale of Investments000
Other Investing-85.71M-44.03M-62.04M
Cash from Financing+237.41M136.21M279.58M
Dividends Paid000
Common Dividends000
Debt Issuance (Net)-1000K1000K-1000K
Share Repurchases000
Other Financing239.32M123.03M168.4M
Net Change in Cash+9.83M-22.87M124M
Exchange Rate Effect000
Cash at Beginning56.88M66.71M43.84M
Cash at End66.71M43.84M167.84M
Free Cash Flow+-41.76M-69.53M-59.42M
FCF Growth %--0.67%0.15%
FCF / Revenue %---

Key Ratios

Metric202220232024
FFO per Share-5.08-54.03-13
FFO Payout Ratio0%0%0%
NOI Margin35.49%31.8%32.73%
Debt / Assets14.49%33.04%20.05%
Interest Coverage-16.61x-238.92x-15.07x
Book Value / Share87.1226.3462.73
Revenue Growth--2.83%-3.93%

Revenue by Segment

2024
Hospitality Revenue29.53M
Hospitality Revenue Growth-
Rental Revenue25.36M
Rental Revenue Growth-
Other Revenue92K
Other Revenue Growth-

Frequently Asked Questions

Growth & Financials

Seaport Entertainment Group Inc. (SEG) reported $123.8M in revenue for fiscal year 2024. This represents a 4% increase from $119.0M in 2022.

Seaport Entertainment Group Inc. (SEG) saw revenue decline by 3.9% over the past year.

Seaport Entertainment Group Inc. (SEG) reported a net loss of $121.5M for fiscal year 2024.

Dividend & Returns

Seaport Entertainment Group Inc. (SEG) has a return on equity (ROE) of -32.0%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Seaport Entertainment Group Inc. (SEG) generated Funds From Operations (FFO) of $-86.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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