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.

Lucy Fato ceased to serve as Executive Vice President, General Counsel and Corporate Secretary of Seaport Entertainment Group Inc. effective June 25, 2026. Under a transition agreement, she will serve as an advisor to the President and CEO through August 24, 2026. Seaport Entertainment Group Inc. operates in the entertainment and tourism industry by developing and managing large-scale entertainment and tourism-related projects.