Earnings ·
Seaport Entertainment Group Inc. reported second quarter 2026 results, posting a net loss attributable to common…
SEGSeaport Entertainment Group Inc.
Seaport Entertainment Group Inc. reported second quarter 2026 results, posting a net loss attributable to common stockholders of $10.5 million, or $0.82 per share, an improvement of 29.2% year-over-year. Total revenues declined 13.8% to $34.3 million. Non-GAAP Adjusted Net Income turned positive at $0.3 million, or $0.02 per share, compared to a loss in the prior year period. The company finalized a lease termination with Nike, receiving $3.7 million in accelerated rent and fees, and regained possession of the space for future development. As of June 30, 2026, the company held $127.0 million in cash and had $38.1 million in fixed-rate debt maturing in 2038. Seaport Entertainment Group Inc. operates as a premier entertainment and hospitality company that owns, operates, and develops assets integrating restaurant, sports, retail, and cultural experiences.