Earnings Releases·Nov 4, 2026, 5:43 PM ET

Seaport Entertainment Group — Third Quarter 2026 Earnings Summary

Total revenues declined 27.4% year-over-year to $32.7 million for the quarter and 21.0% to $79.7 million for the nine months, driven primarily by significant drops in hospitality and entertainment segments, though rental revenue rose 3.7% for the nine months.
Net loss narrowed substantially year-over-year, with Q3 losses improving 74.8% to $8.4 million and nine-month losses improving 21.2% to $62.9 million; the company also reported positive operating EBITDA for the second consecutive quarter.
Strategic expansion continues with over 160,000 square feet of new tenants signed, including a 10-year lease with Brooklyn DOP and a 5-year lease for the Balloon Museum U.S. flagship, bringing leased occupancy to 90%.
Capital return activities included the sale of 85 South Street for $8.3 million and the 250 Water Street site for $143.0 million in February, resulting in $1.7 million in asset sale gains for the quarter and a strong cash position of $110.3 million.
No specific future financial guidance was provided; however, the company noted weather-related headwinds in Las Vegas and New York City impacted the quarter.