Seaport Entertainment Group Inc. (SEG) Form 8-K — Aug 5, 2026

$SEGForm 8-KItems 2.02, 9.01Filed Aug 5, 2026, 4:45 PM ET0001104659-26-091195Original filing

Seaport Entertainment Group (NYSE: SEG) reported second quarter 2026 results on August 5, calling it the company's strongest quarter to date, with each business segment profitable for the first time in its two-year history. Non-GAAP adjusted net income attributable to common stockholders swung to $0.3 million, or $0.02 per share, from a $7.4 million loss a year earlier, a 104.3% improvement. GAAP results remain in the red: net loss attributable to common stockholders improved 29.2% year over year to $10.5 million, or $0.82 per share, but total revenues fell 13.8% to $34.3 million.

Key figures

Eps: -$0.82 per basic and diluted share (Q2 2026); -$4.27 YTD
Revenue: $34.3 million (Q2 2026); $47.0 million year-to-date
Net Income: -$10.5 million net loss attributable to common stockholders (Q2 2026), improved 29.2% YoY; -$54.6 million YTD, widened 16.9%
Total Debt: $38.1 million outstanding at a fixed 4.9% rate, maturing December 2038
Revenue Yoy: -13.8% (Q2); -15.8% (YTD)
Cash Position: $127.0 million in cash, cash equivalents and restricted cash as of June 30, 2026
Shares Outstanding: 12,805,000 common shares as of June 30, 2026
Net Debt: -$88.9 million (net cash position)
Adjusted Eps Q2: $0.02 per basic and diluted share, +103.4% YoY
Water Street Sale: 250 Water Street sold for $143.0 million in February 2026; $76.1 million net proceeds after repaying $61.3 million of variable-rate debt
Seaport Occupancy: 89% leased or programmed occupancy
Ytd Adjusted Net Loss: -$17.6 million (-$1.37 per share), improved 41.8% YoY
Adjusted Net Income Q2: $0.3 million non-GAAP adjusted net income attributable to common stockholders, +104.3% YoY
Period End Stock Price: $26.60
Nike Lease Termination: $3.7 million in accelerated rent and termination fees received
Total Enterprise Value: $261.7 million
Common Equity Market Cap: $340.6 million
Annualized Pro Forma EBITDA: ~$26.4 million total incremental annualized pro forma EBITDA from leased/programmed spaces
Segment Operating EBITDAQ2: $4.46 million total operating EBITDA net of inter-segment transactions vs. -$1.1 million in Q2 2025
Nike Discounted Rent Payment: $1.7 million separately negotiated payment
Sadie Garden Bar Revenue Growth: 125% YoY revenue increase vs. non-SEG managed operations

Price after filing

1 day: 0.0%7 days: +9.6%30 days: -1.8%

Close on the filing date to close N calendar days later (from $26.57). Historical, not a forecast.

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