Added to YB: 2025-02-20
Pitch date: 2025-02-19
SEG [bullish]
Seaport Entertainment Group Inc.
-17.13%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
Company Info
Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas.
Market Cap
$312.4M
Pitch Price
$26.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.96
P/E
-2.58
EV/Sales
3.42
Sector
Real Estate Management and Development
Category
growth
Long: Seaport Entertainment (NASDAQ: SEG)
SEG: 250 Water dev key catalyst for Seaport assets. $190M cash runway. Experienced mgmt w/ proven track record. Low debt, $270M asset value covers EV. Risks: low foot traffic, concert demand. Upside: 421-a tax break, 547k sqft mixed-use project, 399 apts. FCF inflection expected post-dev.
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