Seaport Entertainment Group Reports First Quarter 2026 Results

$SEGPress releaseMay 6, 2026, 4:15 PM ETRead the release

Seaport Entertainment Group reported Q1 2026 revenue of $12.7 million, down 20.7% year-over-year, while GAAP net loss widened to $44.1 million. Non-GAAP adjusted net loss improved 21.4% to $17.9 million, bolstered by the completed sale of 250 Water Street for $143.0 million, which generated $76.1 million in net proceeds.

Key figures

Revenue: $12.737 million
Revenue Yoy: -20.7%
Debt: $39.1 million
Non gaap net loss: $17.880 million
Asset sale proceeds: $143.0 million
Cash and equivalents: $144.7 million
Net proceeds from sale: $76.1 million

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